Think BRICS Interview With Paulo Nogueira Batista Jr.

He is a former Executive Director at the IMF (from April 2007 to June 2015) and one of the founders of the NDB. He talks about China's SCO Development Bank and why they might be doing this.

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He's a fan of Robert Frost: 

 

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President elect Rodrigo Paz is getting a lot of criticism from the left for going straight to the USA to find a way out of the country's economic problems. On the other hand, Evo Morales' administration didn't take any significant steps toward decoupling the economy from the dollar either, they were relying on selling as much of the country's natural resources as they thought they needed, which wasn't nearly enough, because they were unable to develop those resources to the level where the income stream was sustainable.


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Sean Foo on what countries like Indonesia with significant US trade surpluses are doing with bonds 1:50 (as mentioned above (19:48), Indonesia also signed-off on a US$100 Billion investment in the NDB):

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