Posted on 07/10/2023 2:17:49 PM PDT by nickcarraway
The BRICS alliance with Brazil, Russia, India, China and South Africa recently announced that they were planning to float a gold-backed currency to settle international trade payments to challenge the global reserve status of the US dollar.
The bloc of the five nations is projected to decide on introducing the new BRICS currency during its next summit in Johannesburg, South Africa, in August.
“A tremendous change is taking place in the international economy,” Rasoul Mousavi, the head of the South Asia Department at Iran’s Foreign Ministry, said on Sunday.
“The BRICS’s introduction of a gold-backed currency, which is supported by 41 countries with large and influential economies, will weaken the dollar and the euro and will benefit countries such as Iran, while Iranians in possession of gold will experience a wealth increase,” Mousavi added.
The Russian government confirmed a day earlier that Brazil, Russia, India, China and South Africa would introduce a new trading currency backed by gold.
The state-run RT also reported that the initiative was adding new momentum to the ongoing de-dollarization trend unfolding in the global economy.
The BRICS alliance with Brazil, Russia, India, China and South Africa recently announced that they were planning to float a gold-backed currency to settle international trade payments to challenge the global reserve status of the US dollar.
The bloc of the five nations is projected to decide on introducing the new BRICS currency during its next summit in Johannesburg, South Africa, in August.
“A tremendous change is taking place in the international economy,” Rasoul Mousavi, the head of the South Asia Department at Iran’s Foreign Ministry, said on Sunday.
“The BRICS’s introduction of a gold-backed currency, which is supported by 41 countries with large and influential economies, will weaken the dollar and the euro and will benefit countries such as Iran, while Iranians in possession of gold will experience a wealth increase,” Mousavi added.
The Russian government confirmed a day earlier that Brazil, Russia, India, China and South Africa would introduce a new trading currency backed by gold.
The state-run RT also reported that the initiative was adding new momentum to the ongoing de-dollarization trend unfolding in the global economy.
> I think that “audit” was just a bunch of press going thru one or two of the rooms at Fort Knox, to get a few pictures. <
I believe that was in 1974. The 1953 audit was supposedly a true audit. I say “supposedly” because there were no independent observers. So who knows what the government inspectors were actually doing.
They could have been carefully examining each bar. Or they could have been spending their days drinking coffee in the basement and playing gin rummy.
“I’d prefer to not have dollars NOR rubles.”
But in your own words, you said that “BRICS is ramping up.”
If BRICS is ramping up, why not have all your assets in a BRICS currency and have it all in a Moscow or Cape Town based bank?
All those metals are a drag to lug around and tend to be hard to explain at border crossings.
WMD Breakthrough: Post-Iraq, the world's proliferators are on the run
“Maybe cut off commerce with any company that uses it period. Kill this now.”
Don’t forget to open up a military invasion on five fronts.
We need to make the world safe for perverts!
;-)
Sure, if America was a God-fearing nation, with a competent leadership who cared about the population they ruled - all that and more could happen.
But neither of those things are true - especially amongst the elites, and rapidly spreading to all but a remnant of the population.
Until that changes, the USA is just going to go down and down and down and down, as well as doing color revolutions to any country in the West that tries to fix itself.
So did the Western Oligarchs do it on purpose to destroy the dollar or are they just dumb?
This is the Biden administrations fault. They rig elections in Brazil and because orange man bad or something and this stuff happens
It wasn’t a surrender, it was a planned and intentional destruction of America.
Ever hear the Marxist muslim chant “death to America”?
It’s the obamanites mantra.
They control the White House
Probably thought Russia would collapse over night with the sanctions I guess.
I dunno, let’s ask an expert.
Let’s call Valerie Jarrett.
—”Given the currency controls currently enforced by the BRICS most significant members,”
Currency controls?
That is being very diplomatic and polite on the subject.
“BRICS Currency to Benefit Iran, Undermine US Dollar, Euro”
This, coupled with hormone-driven hatred in a handful of high-level people, is why the Democrats WILL NOT let go of Ukraine, regardless of how many deaths they’re responsible for.
If BRICS is not stopped, the US will be POWERLESS to force countries using that currency to listen to us, and about the only countries that will still have to lick our feet will be our puppets in the West...until they figure out that they, too, would be better with BRICS.
I see a window for Intrnational One World digital currency possible sooner rather than later if Brics pushes to hard and fast - would naturally stop them in a round and about way I suspect????
BRICS will benefit every country that joins and sticks with it, The USA will be the big loser thanks to the actions of the Money Changers.
Simple answer is no. The size of debt is such that dollar going down on par with Mexican Peso is inevitable,
Only unknown is WHEN!
With republican takeover, the dollar descent will be slower, compared to Democrats in full control. That is all I can say for sure.
Thx for sharing.
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