Once the BRICS currency is running (likely this year), the US Dollar will quickly assume it’s TRUE VALUE, based on the financial situation of the US.
We can thank President Biden and his Ukraine War supporters for GREATLY ACCELERATING this transition, by attempting to ‘punish Putin’.
Could one here who uses US dollars “hedge” by investing in some position with BRICS currency when it becomes available?
Could fortunes be made “shorting dollars” like Soros and others have done for years in many countries?
Given the currency controls currently in place by the BRICS major players, do you think they’re going to create a currency that is redeemable in demand for gold?
I don’t think they will. I think they will pretend to have a gold back currency, as the U.S. did from 1945-1971.
The idea that China or India is embracing economic freedom is laughably naive.