Joke. The Euro never challenged the dollar because the internal inconsistencies of national interests. Try that with this group of clowns.
Joke. The Euro never challenged the dollar because the internal inconsistencies of national interests. Try that with this group of clowns.
China has 2 currencies, some say it cheats the global financial system.
Shitting Brics would just be one of China's currencies.
And the American banks are going belly-up - while the Biden Administration pushing up the Federal Debt to $53 trillion and the USA GDP is declining. China has so many US dollars at its disposal that they could sink the Dollar if they push it onto the world currency exchange market. Most of the US Federal Debt is owed to China as well.
A dangerous situation for the dollar and for the world. As longa s President Xi control his puppet in Washington things can go on. But sooner rather than later China is going to attack Taiwan and South Korea and the USA would be unable to defend those two areas.
I can remember when I visited Europe for 5 months in 1973 the dollar was worthless in Europe and I was advised against getting dollar traveler cheques and advised to gvet Deutshmark ofr Pound Sterling instead. When in Europe I found most isntitutiosn would not accept payment in dollars and that will soon be the case again.
BRICS has officially overtaken the G7 in global GDP.
Bangladesh, UAE, Egypt have all just joined the BRICS New Development Bank with numerous other countries poised to do the same incl Mexico.
The BRICS 5 contribute 31.5% of dlobal GDP whilst the G7 has fallen to 30%
Moonrover
Bok regular
922 posts
Great Video and the bird too.