Posted on 08/28/2022 3:32:32 PM PDT by C210N
BRICS - The president of the BRICS International Forum, Purnima Anand told reporters on Thursday that both Russia and India no longer need the U.S. dollar, as they have "turned to national currencies to conduct mutual settlements," according to Russian state news RT.
The BRICS president stated, "We have implemented the mechanism of mutual settlements in rubles and rupees, and there is no need for our countries to use the dollar in mutual settlements. And today a similar mechanism of mutual settlements in rubles and yuan is being developed by China,"...
(Excerpt) Read more at ssj.news ...
And growing.
FED Bankster fiat dollar is very close to the end of its long history. Piss be upon it. See N.E.S.A.R.A. (National Economic Security and Reformation (i.e., Recovery) Act)
What the Ukraine-Russia situation is really about.
Well, I need some dollars.
0% for The Big Guy...
Sweet. Add India to the US sanctions list.
And start by cutting of their long-distance telephone access!!
Looks like Joe "King Puppet" Biden has sh@t the petrodollar reserve currency bed!
He's "moved" on from movements into his own adult diapers to the world currency stage.
I recall first hearing about the BRICS plan somewhere around 2006, after GWB visited India for several days.
Some said Saddam Hussein also wanted to drop usage of the US Dollar as his commerical currency. “They” also said this goal of Hussein was one of the main reasons he was removed from national leadership and later put to death.
Same reasons that his two crazy sons, Qusay and Uday were killed during that final shootout in the city of Mosul.
In 2022, both Argentina and Iran confirmed their attendance at the 2022 BRICS summit upon invitation by host nation China, and applied to join the bloc as full members.[69][70]
4 countries being Bangladesh, Egypt, the United Arab Emirates and Uruguay have become members of the New Development Bank as operated by the BRICS.
In addition, 10 countries being Algeria, Indonesia, Mexico, Nigeria, Pakistan, Saudi Arabia, Sudan, Syria, Turkey and Venezuela have expressed interest in membership of BRICS.[71][72][73][74]
https://en.wikipedia.org/wiki/BRICS#Member_countries
Well, we had a good run.
For all the faults of the Federal Reserve, the US Dollar is far more stable than the Rupee or the Ruble.
📂
Saddam was overthrown because he kept acting like he was going to get Nukes and use them, plus he was an ongoing threat in being to the peace of the region.
The intelligence may have proven faulty for the invasion of Iraq, but the world is a better place without Saddam.
We don’t need to outsource jobs to India either.
China moving to no cash purchases anyway,,transactions done thru cell phone. Wonder if that is part of the plan for BRICS? Maybe so.
Biden’s sanctions and weaponizing the dollar is responsible for the world’s de- dollarization.
Indian Finance minister, ( and others) have stated publicly that they will no longer buy / trade dollars because they do not want what happened to Russia happen to them. The Saudi minister had even more to say.
Get used to it, the dollar is crippled, and “ world de- dollarisation “ is now upon us. Historic…stay tuned.
Saddam was a problem and was writing a Quaran in his own blood at the time, he wanted to organize and lead an Islamic war machine.
I’m glad he is gone also.
For some reason our Politicians certainly do. I Wonder who’s paying them for selling out American workers.
Brazil, Russia, India, China and South Africa.
And this is why we are on the precipice of WW3.
To the contrary, Saddam contained Iran and radical jihadis. That’s said, Saddam was a terrible guy, no doubt…
[BRICS+ accounts for 40% of the world’s population, 25% worlds GDP.
And growing.
FED Bankster fiat dollar is very close to the end of its long history. Piss be upon it. See N.E.S.A.R.A. (National Economic Security and Reformation (i.e., Recovery) Act)]
The principal reason they don’t want anyone hoarding their currencies? It causes their currency valuations to go up, which in turn results in their exporters becoming less competitive. Net impact being massive trade deficits of the kind the US is running. That, ultimately, is why the dollar is the reserve currency of choice among the major developed country currencies - the US doesn’t actively impose costs on the people hoarding the dollar.
Now, the US dollar’s dominance in international trade isn’t just the result of the nation’s relatively laissez faire attitude towards dollar hoarders. Another reason is the US’s significant role as a major international provider of goods and services. Pfizer, J&J, Coca Cola, McDonalds, Microsoft, Google, Intel, Qualcomm, Apple, Boeing, Procter and Gamble and Caterpillar are just a few of the household names in Russia and India with few comparable Russian or Indian counterparts in the US.
Soviet propaganda made the dollar out to be some kind of yoke around the necks of the people who hoard it. That’s the beauty of Russian agitprop - to its audience, its asylum-grade insanity can’t possibly be a lie. Here’s the reality - in real life, people don’t hoard rubles or rupees - they hoard dollars. Not because they like Americans or America, but because in real life, Russia and India are just backwater economies run by morons who think the sun shines out of their rear ends.
The history of Russian and Indian exchange rates makes the dollar look like a summer breeze compared to a raging tornado in the midst of an earthquake.
https://en.wikipedia.org/wiki/Soviet_ruble#Exchange_rates
https://en.wikipedia.org/wiki/Russian_ruble#Exchange_rates
https://en.wikipedia.org/wiki/Exchange_rate_history_of_the_Indian_rupee
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