Friday, June 24, 2022

They

 


said he wasn't going to invade either.

Remember?


BRICS: The new name in reserve currencies


"Raising some eyebrows today has been an address by President Putin outlining that Brazil, Russia, India, China, and South Africa (BRICS) are developing a new basket-based reserve currency. The presumption is that it will comprise real, roubles, rupees, renminbi, and rand and present an alternative to the IMF’s Special Drawing Right (SDR)."


"...we doubt the mercantilist nations involved in BRICS would want to transfer valuable FX (Foreign currency) reserves into this more local sphere of influence. If they are worried about the path of sanctions and the increasing weaponization of the dollar, they, like Russia, might prefer to move into Gold.


(He's out to destroy NATO and the current world economic system and he is succeeding.)


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