Trust Barometer Promotes Mistrust of Russia and BRICs

... Bin Laden’s Al Qaeda terrorists attacked the World Trade Center and the Pentagon and the United States started its $3 trillion war in Iraq. A few weeks after 911 a Goldman-Sachs economist (no longer associated with the firm) coined the term BRICs as a public relations ploy to promote investment in developing economies, which had been reduced to a trickle due to the economic crisis. The concept went viral and suddenly top economists, analysts and business writers were touting investment in ...