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relax lah... wait lah
gan chiong spider.
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Wait for October when BRICS meet
The switch out from USD is a consequential timeline and USA govt holds the blame for weaponizing USD
If PAP is still sleeping, will forever be held by the balls by USA
There is no reason any country will stick to USD after it was weaponized unless you're as weak and puss.y like PAP
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Anyway, Sinkiepoor under PAP cannot join BRICS because Russia has laid out the condition to join is not to have sanctioned Russia before and that condition cannot be fulfilled as PAP had sanctioned Russia for Ukraine war
This is how near-sighted and arrogant PAP is
Sinkiepoor is truly finished!
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You believe a lie can last for 50 years.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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(This post was last modified: 07-07-2024, 07:00 PM by
RiseofAsia.)
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“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
>
(This post was last modified: 07-07-2024, 07:05 PM by
RiseofAsia.)
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The US dollar would not have become a global currency just after the WII if it was not backed by Gold. When Nixon came into power in 1971, he unilaterally canceled the direct international convertibility of USD to gold. USD continues to be a global currency after that.
https://www.investopedia.com/articles/fo...rrency.asp
Therefore, for BRIC to nominate or create another global currency, it would have to go through a similar path as the USD. As BRIC is known to start up as an organisation to champion Western power, most likely they are linked together by the benefits of cheap Russian oil rather than other benefits. If that being the case, it would be unlikely for them to agree to use a common currency without any strong backing such as gold or other precious metals.
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This heat map shows where the Golds are in 1Q 2024. Nearly 3/4 of them are in the hands of the countries in Europe and Northern America. Unless some of these countries prepare to join BRICs, it would be difficult for any currency to be nominated as the accepted reserve currency. They have to be back up Gold or something.
https://www.gold.org/goldhub/data/gold-r...by-country
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(This post was last modified: 07-07-2024, 08:40 PM by
teaserteam.)
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Whenever I saw this article, it reminded me to put in extra effort to change my stuck money.
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