Posts: 18,271
   
Threads: 2,441
    
Likes Received: 3,186 in 2,699 posts
Likes Given: 2,139
Hold Onto Your Wallets — A New World Currency Could Be In The Making, Courtesy Of BRICS Nations
The BRICS alliance is exploring the creation of an innovative currency, with plans to share proposals on its establishment at the forthcoming summit in South Africa, according to Alexander Babakov, deputy chairman of Russia's parliament, the State Duma.
Speaking at the St. Petersburg International Economic Forum event in New Delhi, India, on Thursday, Babakov said that the plan is to initially transition to using domestic currencies in transactions and then introduce and circulate a digital or alternative form of a groundbreaking currency in the near future.
Posts: 6,682
   
Threads: 9
    
Likes Received: 2,401 in 1,873 posts
Likes Given: 900
The end of the Petrodollar.
https://youtu.be/O4ENgLsc92k
Posts: 5,424
   
Threads: 33
    
Likes Received: 1,942 in 1,484 posts
Likes Given: 365
And USA demands everyone return all the USD first. Then everyone goes out there to buy USD... And USD appreciate like mad so inflation problem in USA solved overnight. Lol
Then after that, big recession global scale, and then people don't need any new trade currency or anything cos global reserve still USD... Lppl
Posts: 12,197
   
Threads: 511
    
Likes Received: 2,585 in 2,291 posts
Likes Given: 811
(03-04-2023, 02:50 PM)Sticw Wrote: And USA demands everyone return all the USD first. Then everyone goes out there to buy USD... And USD appreciate like mad so inflation problem in USA solved overnight. Lol
Then after that, big recession global scale, and then people don't need any new trade currency or anything cos global reserve still USD... Lppl
OK. We follow your plan
Posts: 2,773
   
Threads: 1
    
Likes Received: 509 in 485 posts
Likes Given: 1
Posts: 27,061
   
Threads: 6,784
    
Likes Received: 4,512 in 4,106 posts
Likes Given: 1,941
Posts: 27,061
   
Threads: 6,784
    
Likes Received: 4,512 in 4,106 posts
Likes Given: 1,941
Posts: 20,170
   
Threads: 546
    
Likes Received: 4,667 in 4,160 posts
Likes Given: 481
(03-04-2023, 03:30 PM)red3 Wrote: No such thing la ...
It is all a fallacy............................
Posts: 22,160
   
Threads: 6,270
    
Likes Received: 4,113 in 3,222 posts
Likes Given: 481
When Brics dollar come out will you dare to keep your wealth in this new currency?
Brazil, India, Russia ...plus Turkey
,Iran all have currencies that go down by 50% vs USD every few years.
Collectively 23T is owed in USD as debts.... by trading in another currency these will experience USD shortage .
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
>
Posts: 18,271
   
Threads: 2,441
    
Likes Received: 3,186 in 2,699 posts
Likes Given: 2,139
Posts: 18,271
   
Threads: 2,441
    
Likes Received: 3,186 in 2,699 posts
Likes Given: 2,139
(03-04-2023, 03:47 PM)sgbuffett Wrote: When Brics dollar come out will you dare to keep your wealth in this new currency?
Brazil, India, Russia ...plus Turkey
,Iran all have currencies that go down by 50% vs USD every few years.
Collectively 23T is owed in USD as debts.... by trading in another currency these will experience USD shortage .
Whatever it is, SWFs like GIC and Temasek have no choice but willingly accept risk and exposures
Posts: 11,804
   
Threads: 57
    
Likes Received: 736 in 690 posts
Likes Given: 118
(03-04-2023, 07:04 PM)Scythian Wrote: Whatever it is, SWFs like GIC and Temasek have no choice but willingly accept risk and exposures
Singapore dollar, S$ is getting stronger.
Posts: 11,804
   
Threads: 57
    
Likes Received: 736 in 690 posts
Likes Given: 118
(05-04-2023, 04:15 PM)Tee tiong huat Wrote: Singapore dollar, S$ is getting stronger. ![Clapping Clapping](https://sgtalk.net/images/smilies/Animated/clapping_s.gif)
Malaysia Boleh.
Posts: 11,804
   
Threads: 57
    
Likes Received: 736 in 690 posts
Likes Given: 118
(05-04-2023, 04:15 PM)Tee tiong huat Wrote: Singapore dollar, S$ is getting stronger. ![Clapping Clapping](https://sgtalk.net/images/smilies/Animated/clapping_s.gif)
1.00 US Dollar = 1.3257142 Singapore Dollars.
Posts: 18,271
   
Threads: 2,441
    
Likes Received: 3,186 in 2,699 posts
Likes Given: 2,139
(05-04-2023, 04:15 PM)Tee tiong huat Wrote: Singapore dollar, S$ is getting stronger. ![Clapping Clapping](https://sgtalk.net/images/smilies/Animated/clapping_s.gif)
But GIC and Temasek increasingly exposed to RMB and INR
Posts: 6,682
   
Threads: 9
    
Likes Received: 2,401 in 1,873 posts
Likes Given: 900
Majority of the world agreed.
https://youtu.be/dDu64jwPpSI
Users browsing this thread: 2 Guest(s)