Sounds like a great move, trade all your dollars for a currency based on the economies of Afghanistan, Algeria, Argentina, Bahrain, Bangladesh, Belarus, Egypt, Indonesia, Iran, Kazakhstan, Mexico, Nicaragua, Nigeria, Pakistan, Saudi Arabia, Senegal, Sudan, Syria, the United Arab Emirates, Thailand, Tunisia, Turkey, Uruguay, Venezuela, and Zimbabwe.
You misspelled "commodities"
I agree … economically-speaking, China and Mexico will be the hardest hit.
Where will they sell their goods when Americans can no longer afford them?
Times will be rough here, no doubt, but we will just start building our own stuff again. Those two economies will be destroyed…..
Gold. Something our banker overlords took away from us.
The major BRICS powers have diametrically opposite currency needs. Tight money vs easy money. Value vs. Inflation.
Look how the Euro divides the EU.
No. They want to trade among themselves without converting to dollars. It will save them a few points on every trade.
It will mean the banks won’t need as many dollars on hand. Those excess dollars will be sold. The value of the dollar will drop. And the price of everything will rise accordingly.
“Sounds like a great move, trade all your dollars for a currency based on the economies of Afghanistan...”
Considering that these countries will find themselves in the same situation as Russia if they don’t allow Drag Queen Parades and Grooming (something that is being threatened on Uganda), I’d say it is a great move.
👍 Nice!
Exactly. 30 countries that have their economies in 3rd world status. Our response should to cut off all aid.
Two are among the top five we import oil from. Mexico and Saudi Arabia.
Mexico is our number two right behind Canada. Saudi Arabia is number three.
Precisely...South Africa? Brazil? Red China? Go ahead and invest your cash.
People from every country you just named floods into the hospital emergency room I work in on a regular basis.
More and more of these jabbering Third World mutts every week.
And we, the American taxpayers are footing the bill.