Los Angeles Tech Writer

When Bruce Wiseman commented in his May 2009 essay Hitler's Bank Goes Global, "Let’s call it government by Goldman, shall we?", I made a mental note of the allusion but did not pursue it. (Wiseman also mentions Goldman Sachs connections in his first article on the subject.)
However, today, I read a very interesting (although complex for me) essay by economist and professor Michael Hudson entitled De-Dollarization:
Dismantling America’s Financial-Military Empire, The Yekaterinburg Turning Point, about this week's summit of the BRIC nations - Brazil, Russia, India and China in Yekaterinburg, Russia.
Professor Hudson states that "China has struck bilateral deals with Argentina and Brazil to denominate their trade in renminbi rather than the dollar, sterling or euros, and two weeks ago China reached an agreement with Malaysia to denominate trade between the two countries in renminbi," which supports Mr. Wiseman's assertion: "I would not be surprised to see central banks start using the renminbi (the currency of the newly awakened People’s Republic of China—also called the yuan) for international trade and reserves in the not too distant future."

Wondering how Brazil, Russia, India and China had come together as trade-mates, I looked into BRIC. And to my surprise I found that the designation was first made in 2001 by the chief economist at...Goldman Sachs!
The gentleman who coined the acronym "BRIC," Jim O'Neill, provides an airy interview about the subject here. He doesn't mention the $4 billion fund for real estate investments Goldman Sachs created in 2006, perhaps making his forecast a self-fulfilling prophecy.

"Curiouser and curiouser!" cried Alice (she was so much surprised, that for the moment she quite forgot how to speak good English). "Now I’m opening out like the largest telescope that ever was! Good-bye, feet!" (for when she looked down at her feet they seemed to be almost out of sight, they were getting so far off). — Lewis Carroll, Alice's Adventures in Wonderland and Through the Looking Glass.