Could the classification of assets create a false sense of security and contribute to huge losses? When faced with complex challenges, human intelligence tends to compartmentalize everything into systems, categories and groups. Compartmentalizing things into systems has helped me to rebuild engines and diagnose engine problems but it has made me overconfident in making loss making investments. So to an untrained eye when the hood of...
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Could the creation of a BRICS currency be robust enough to one day rival the USD as the world reserve currency? At the heart of the great power politics of a multipolar world is the plan for Brazil, Russia, India, and China (BRICS) to develop a BRIC currency that could compete with USD as the world’s reserve currency. But the creation of a BRICS currency, if and when it comes into existence, would be a long way off tipping USD...
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