Russia & China Partner for new Reserve Currency

[Sponx]

Well, this is interesting...

• What may surprise some people, however, is that Russia and the BRICS countries, including Brazil, Russia, India, China, and South Africa, are officially working on their own “new global reserve currency,” RT reported in late June. Nobody even seemed to notice.
• The basket currency would rival a US-dominated IMF alternative and let Russia widen its influence, an analyst said.
• The dollar's dominance is already eroding as central banks diversify into the Chinese yuan and smaller currencies.

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

Thoughts?

 

[heavyiron]

Many people have no idea how significant this is. Bye bye dollar value...

 

[Sponx]

Many people have no idea how significant this is. Bye bye dollar value...

Agreed, this is pretty impactful and a bit scary... However, no one is talking about it!

 

[GYMnTONIC]

Agreed, this is pretty impactful and a bit scary... However, no one is talking about it!

We talk about it in my household. My gf/wife is Russian. Her whole family is there and Ukraine so we discuss all of this daily

We also speak to our family over there at least weekly.

Russia is our friend. Dems and others make Russia and Putin out to be our enemy.

What it is, is that Russia is the enemy to the Deep State Shadow Govt. The portion of the US govt that wants a "one world" govt and economy.

The Russian people are VERY VERY similar to the Patriots in America. Take your US Marine and soldier and compare them to your Russian soldier and you are talking the same thing. Proud Nationalists.

I want America first. I want my govt to put US first over any other country.

Russians want Russia first. They demand their Country be put first.

I can fully respect that.

 

[heavyiron]

Agreed, this is pretty impactful and a bit scary... However, no one is talking about it!

Once the MSM went full censorship propaganda mode in 2020 I began researching independent journalists to follow. They all are talking about this. Get off MSM and you will find a new world out there.

 

[heavyiron]

 

[Bohdi Bray]

Once the MSM went full censorship propaganda mode in 2020 I began researching independent journalists to follow. They all are talking about this. Get off MSM and you will find a new world out there.

MSM_ Mindless Socialist Minions.... Billy "PEDO BEAR" Gates creation that reports what Uncle Xi Jinping orders the world to read. All of these warehouse news afflieates are in bed with Murdoch and stock holders...