[chopperk]

Thanks to Biden and Dems, the US Dollar is going by the wayside.

[Vermont Lt]

There have been a lot of republicans helping ruin our country for the past 40 years. We need to recognize they are ALL part of the problem.

[delta7]

Thanks to Biden and Dems, the US Dollar is going by the wayside.
———-
Exactly, it is called De-dollarization. It started with senile Joe and the West’s sanctions on Russia. When Saudi stated they now accept Yuan and Rubles for oil, the domino’s began to start falling.

Pumping billions into the Ukie black hole pushes us further into unpayable debt- who wants a debt ridden currency? We are now witnessing a switch to commodities based currencies.

[American Infidel]

Doesn’t sound like a very good deal for Brazil, so I imagine there would have to be some major concessions by Argentina if this ever were to happen (which it most likely won’t). This can’t make the citizens of Brazil very happy either, even the most ardent leftists. There is a reason that even some countries that joined the European Union chose to keep their currencies (Great Britain, Sweden, Denmark).

For perspective, a single US dollar was worth about 2 Brazilian Reals (BRL) in 2006. You can now get about 5.2 BRL for each USD. A pretty substantial drop in the BRL vs. the dollar in percentage terms. However, in 2006 it took just 3 Argentine Pesos (ARS) to get 1 USD. Today, you need 183 Argentine Pesos to get $1. Those who had their money in ARS have seen nearly a complete depletion of their wealth in USD terms.