Posted on 12/02/2024 4:55:57 AM PST by marcusmaximus
The Kremlin said on Monday that any U.S. attempt to compel countries to use the dollar would backfire after U.S. President-elect Donald Trump threatened to impose tariffs on BRICS countries if they created their own currency.
-snip-
"More and more countries are switching to the use of national currencies in their trade and foreign economic activities," Peskov told reporters.
If Washington resorted to "economic force" to compel countries to use the dollar it would backfire, he predicted.
"If the U.S. uses force, as they say economic force, to compel countries to use the dollar it will further strengthen the trend of switching to national currencies (in international trade)," said Peskov.
"The dollar is beginning to lose its appeal as a reserve currency for a number of countries."
(Excerpt) Read more at usnews.com ...
Faafo
Russia is a Country with a 3rd World Economy, and a military that can’t even comfort Ukraine. Tjat’s why the zeeper claim that Putin is a threat to the Worls is sovrediculous. Once we produce our own Oil, they will come begging for a deal.
Trump has to rethink NOTHING. He stands for the USA first. Russia and everyone else better get with the program. This is NOT Neo- Conish, we want to spread our infliluince all over the World. This is Kacksonian, we look out for our own interests first, and you better not mess with them.
You totally don’t understand and are just trolling me.
Trump is a Jacksonian. No nation building and leave the World alone, but if you mess with the US or it’s interests you will pay dearly.
“ if you mess with the US or it’s interests you will pay dearly.”
Yeah. For Putin moles here it’s all about Putin’s and his alliy’s, such as Chicoms and Mullahs, interests.
My position is, besides the meat grinder and people dying,which is sad, I don’t support z OR Putin, I only care about what benefits us.
You were born a troll. You live every day as a troll and you will die trolling. I understand that some people were born to stir the sht pot. Tough luck that. You could fight it but you are too weak and full of yourself to win. Stir the pot.
When counting new members, BRICS will have an estimated 2024 GDP of $31 T, while the USA will have around $27 T. BRICS beats us by over 12%.
However, here’s a rough estimate of per capita:
BRICS: $8,790
United States: $80,120
We make nine times as much per person.
We have more trade leverage because of this.
But BRICS is a huge threat.
And EU’s GDP is comparable to China’s GDP
Total GDP: $19.40 T
GDP per capita: $54,273 (PPP)
The economic winner of the next decade will be the one that can exploit AI and robotics to be more productive. Right now America has the upper hand, but it’s very hard to say how this will play out.
Yes. I’m contrasting that with the myriad Putin shills who pollute Free Republic.
Why do you side with the poster that posts pro-Russian and pro-Hamas propagandists?
I didn't 'side' with anyone Swift Eagle.
To look at the trade figures more accurately, the raw resources imported from Brics/others is resold for 3-4 times what it was bought in some cases, and when turned into products we can skim between 40-100% profits from natural resources.
If the wage disparity was simply 50%, that along would account for a major size difference in scale of economies. The wage gap is actually 4-10 times higher in many cases.
What a dollar buys vs. the local currency in real wages or subsistance payments is another way to look at the disparity in the scale or size of the economic numbers.
Because US wages are probably 50% behind inflation since Obama everything I have shown... or a devaluation in the USD would further skew the figures.
I spent 22 years overseas and saved enough to buy a house for 420K cash at retirement and live nicely today, even 13 years after leaving before age 55.
It is how much we save that determines the size of our own personal economy. My BTC just morphed into a 1/2M.
The key to what you stated is “doesn’t want”; US weaponization of the USD, SWIFT and the banking system has been the number one reason for Brics applications. The single unifying reason for Brics’ explosive growth the past two years was the Sanctions.
Brics meeting attendees also cited closer matching economies, the ability to trade without interest or transaction payments which also leads back to the USD.
That growth according to a Chinese source:
Biden and the DNC/Globalists went for broke on communism and every other lever of power, and they entered 2024 determined to bankrupt their own countries as a hedge against the voters throwing them out. They have broken every law of every nation in which they exist.
Pardon me, but Joe’s attempt to free Hunter proves they are criminals.
I remember that in the aftermath of Putin’s invasion the Russo-American Friendship Society regularly and loudly proclaimed the demise of the US greenback.
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