Thoughts on BRICS? Russia and China are brewing up a challenge to dollar dominance by creating a new reserve currency

[starcrapoo]

Seems like America's days are really numbered. Not only is America socially disintegrating, other countries hate America for preaching and teaching yet being a total hypocrite.

The BRICS countries all seem to be ones that dont really share much in common except for their dislike of America and its' western NATO allies.

Russia and China are brewing up a challenge to dollar dominance by creating a new reserve currency

The new BRICS basket-based currency would challenge the US dollar-dominated IMF's basket and allow Russia to widen its sphere of influence.

markets.businessinsider.com

 

[Lawrence]

Competition is always good!- If the new BRICS currency manages to attract users away from the dollar due to innovation or other benefits, the US might then respond with changes of its own in order to better its own offering.- It's a net benefit to everyone, like most competition.

 

[proudweeb]

If India and China work their shit out and start working together, it's over for burgercels

 

[starcrapoo]

If India and China work their shit out and start working together, it's over for burgercels

True. And a ton of latin American countries already hate America for dissing/not inviting Cuba and Venezuela to the Summit of the Americas.

America took out Gaddafi because he suggested the gold dinar. A new pan African currency. He got his ass taken out and America made up some bullshit about him murdering his own people. Which was true but murdering your own people as a ruler is like an adult disciplining his or her child harshly. Thats all.

Why Qaddafi had to go: African gold, oil and the challenge to monetary imperialism

What was NATO's violent intervention in Libya really all about? Now we know, writes Ellen Brown, thanks to Hillary Clinton's recently published emails. It was to prevent the creation of an independent hard currency in Africa that would free the continent from economic bondage under the dollar...

theecologist.org

America is done for basically.