Building BRICs

What would happen if the dollar were dethroned as the world's reserve by currencies from Brazil, Russia, India or China?

WIth 

• Stephen Roseman, Managing Member of Thesis Capital Management; and

• Bill Singer, Shareholder in the Securities Practice Group of the law firm Stark & Stark and Publisher of http://BrokeAndBroker.com and http://RRBDLaw.com

Bil Singer:  My guess is that by the time BRIC agrees on some replacement currency that the world may come to miss the "ugly American" and will realize that for our many faults we still filled many streets with our free-spending tourists and bought many local goods for our spendthrift households. I see little evidence that China, Russia, India and Brazil are prepared to step into those now-gaping breaches. What I do see in today's paper are ethnic riots in China, ongoing jockeying between Medvedev and Putin and troubling clashes between Muslim and Hindu Indian factions. Brazil? Well, for now it seems relatively calm.

To read the entire Intelligent Investing Panel interview, visit:

www.forbes.com/2009/07/09/currency-reserve-bric-intelligent-investing-dollar.html