The 2008 Economic Debacle: Accident and/or Designed?

[R.K. Locke]

Robert Rubin, of course, "spent 26 years at Goldman Sachs", the creators of BRICS:

http://www.goldmansachs.com/our-thinking...dream.html

I'm not aware of any Goldman involvement in the creation of BRICs. The term BRIC was used as an acronym to identify the new emerging economies of India, Russia, China and Brasil and that is what that article is referring to. The BRIC countries themselves at the PM/presidential level established the banking BRICS as a means of by passing the Goldman Sachs system as they had witnessed the spectacular clusterfuck meltdown of 2008. None of the PMs or presidents of BRICS have Goldman Sachs credentials nor their finance or treasury advisers. Or none that I have found. Though I have no doubt GS would love to get their hands on it.

This is true. Perhaps "conceptualized" would be a better word (for now) than "created". It was certainly Jim O'Neill of Goldman Sachs who created the idea of the BRICS nations as an economic bloc. Here is another article that fleshes out some of the details:

http://www.ft.com/cms/s/0/112ca932-00ab-...abdc0.html