Posted on 11/30/2024 2:06:22 PM PST by marcusmaximus
US president-elect Donald Trump on Saturday threatened tariffs of 100 per cent against the so-called Brics countries unless their governments agree not to create a new currency as an alternative to the US dollar.
“The idea that the Brics Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump wrote in a post to his Truth Social platform on Saturday afternoon.
(Excerpt) Read more at ft.com ...
As long as he takes the measures needed to get US debt under control this should not be necessary
President Trump just put BRICS on notice. No alternate currency to the Dollar.
His goal is to level the trade playing field.
And he always succeeds because Trump understands that a successful negotiation must be a win-win.
Countries who are taking advantage of the U.S. will stop. They will play fair or they will pay the price in trade.
If they play fair, they will learn that there are advantages to trading fairly with the U.S.
President Trump is clear. No BRICS alternative currency to the dollar. He will never allow it to happen while he’s President.
Or while Vance is President.
Why is he afraid of a BRICS currency
Winning.
I think we are on a good path.
Governments are inherently prone to corruption and evil, much like mobs are prone to lynching innocent people simply because they appear guilty.
This is because governments, like mobs, succumb to the dynamics of collective behavior. Responsibility becomes so diffused that it no longer rests on individuals with the strength to act according to their own consciences.
“ Why is he afraid of a BRICS currency”
Nice straw man, Ivan.
“ Why is he afraid of a BRICS currency”
Em…he went to the Wharton school of finance. I doubt he’s afraid
I don’t think a BRICS currency is likely.
I tend to think member exchange rate stabilization is a possibility. Don’t ask me the possible mechanisms, because I haven’t worked them out.
Getting countries off China’s Belt & Road initiative would be something. China is an inherently unstable nation with a declining population. Expansion & advancement of other countries has never happened under a communist author. History has always shown the life preserver thrown to underdeveloped countries from a communist “friend” is always a lead weight
It is necessary and should be the first thing he does because they ARE trying to replace the dollar.
Don's gonna need a lot of help with that. That's the #1 issue in my book.
I’ve waiting for him to do just that. They want US aid but then stab up in the back.
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