I want to talk about #Brics but I suspect I'll be attacked the moment I open my mouth because it isn't aligned with the current US narrative. 🙃
Better to talk about #CDramas on #mastodon. 😅
I may write a blog post of the notes I've made - I don't think I'm informed enough about #geopolitics to give a solid commentary, but the common topics I've seen around Brics:
- #dedollarization / use of local currencies
- #decolanization (touchy!)
- multipolar world
#Politics
#brics #cdramas #mastodon #geopolitics #dedollarization #decolanization #politics
All this talk about #dedollarization and a new reserve currency got my brain thinking about the Christian evangelical conspiracy theories I learned in my early years as an AOG youngling - how the anti-christ will mark every human with a symbol and that is the only way you can buy anything. And of course the mark says 666 😬☠️😅
#weirdmemories #evangelicals #tinfoilhattheory #conspiracies #christians (not really)
#dedollarization #weirdmemories #evangelicals #tinfoilhattheory #conspiracies #Christians
#BRICS expansion: 85% of world population to reject #US dollar 'at once'
A new commodity-backed BRICS currency is an inevitable outcome. But the most important thing now is the relationship between #SaudiArabia and the BRICS, and as the global #dedollarization trend has already "crossed the Rubicon" and 85% of the world's population rejects the dollar, we are waiting to see the reaction of the US
#BRICS #us #saudiarabia #dedollarization
The #BRICS bank is challenging the global dollar system by issuing bonds in their local currencies.
This move will spark a wave of countries moving to escape dollar-denominated debt.
That's great for emerging markets that want to grow faster and de-risk the established order, and it's also devastating for the #US bond market.
WIN-WIN SITUATION
Global #dedollarization will now accelerate at unprecedented rates.
BRICS Bank Issues First ZAR Bonds as It Looks to Use Local Currencies - The New Development Bank (NDB), established by the BRICS bloc of emerging economie... - https://news.bitcoin.com/brics-bank-issues-first-zar-bonds-as-it-looks-to-use-local-currencies/ #nationalcurrencies #southafricanrand #dedollarization #developmentbank #localcurrencies #chineseyuan #fundraising #southafrica #currencies #u.s.dollar #bricsbank #currency #finance #auction #lending #dollar #bonds #brics #issue #bank
#bank #issue #brics #bonds #Dollar #lending #auction #finance #currency #bricsbank #u #currencies #southafrica #fundraising #chineseyuan #localcurrencies #developmentbank #dedollarization #southafricanrand #nationalcurrencies
Former US OCC Officials: ‘Stablecoins Can Keep the Dollar the World’s Reserve Currency’ - Brian Brooks and Charles Calomiris, former officials at the U.S. Office of the Com... - https://news.bitcoin.com/former-us-occ-officials-stablecoins-can-keep-the-dollar-the-worlds-reserve-currency/ #comptrollerofthecurrency #charlescalomiris #dedollarization #patrickmchenry #brianbrooks #devaluation #stablecoins #regulation #inflation #news
#news #inflation #regulation #stablecoins #devaluation #brianbrooks #patrickmchenry #dedollarization #charlescalomiris #comptrollerofthecurrency
Brazil’s President Reaffirms De-Dollarization Call — Discusses BRICS Expansion - Brazil’s President Luiz Inacio Lula da Silva has reaffirmed his call to shift away... - https://news.bitcoin.com/brazils-president-reaffirms-de-dollarization-call-discusses-brics-expansion/ #brazilianpresidentlula #usdollardominance #dedollarization #bricscurrency #economics #lulabrics #usdollar #brazil #brics #lula
#lula #brics #brazil #usdollar #lulabrics #economics #bricscurrency #dedollarization #usdollardominance #brazilianpresidentlula
Financial experts are in agreement that #BRICS gold-backed #currency would mark #endofdollar #dedollarization
https://naturalnews.com/2023-07-28-brics-gold-backed-currency-end-us-dollar.html
#brics #Currency #endofdollar #dedollarization
Financial experts are in agreement that #BRICS gold-backed #currency would mark #endofdollar #dedollarization
https://www.naturalnews.com/2023-07-28-brics-gold-backed-currency-end-us-dollar.html
#brics #Currency #endofdollar #dedollarization
Bolivian Central Bank Using Chinese Yuan for International Settlements - Economy Minister Marcelo Montenegro acknowledged that the Bolivian Central Bank is... - https://news.bitcoin.com/bolivian-central-bank-using-chinese-yuan-for-international-settlements/ #marcelomontenegro #dedollarization #chineseyuan #luisarce #bolivia #news
#news #bolivia #luisarce #chineseyuan #dedollarization #marcelomontenegro
Dollar
Lost love, no trust
Sanctions, policies, trades,
All reasons for de-linking,
Troubled, unwed union
#usd #dedollarization #sanctions #economicpolicies #globaltrade #cinquain #poetry
http://www.businessinsider.com/de-dollarization-reasons-why-countries-move-away-us-dollar-2023-7
#usd #dedollarization #sanctions #economicpolicies #globaltrade #cinquain #poetry
Full interview with #DaveHodges of #TheCommonsenseShow, covering China, BRICS nations, #dedollarization
https://www.brighteon.com/051733b1-cbc1-46d4-a070-d78b71073168
#DaveHodges #TheCommonsenseShow #dedollarization
Yellen's visit fails miserably....predictably
#Yellen's visit added another major blow to the US effort to save its economy and convince the Chinese to stop #dedollarization
Although the Western media is spreading lies that Yellen's visit was only about the trade embargo imposed by #China on the #US, the main agenda was to beg China to stop dump dollar.
https://asiatimes.com/2023/07/china-raises-five-demands-during-yellens-visit/
#yellen #dedollarization #china #us
Central Banks Reduce US Dollar Holdings, Plan to Increase Chinese Yuan Exposure, Study Shows - A study by a $1.5 trillion asset management firm has revealed that central banks a... - https://news.bitcoin.com/central-banks-reduce-us-dollar-holdings-plan-to-increase-chinese-yuan-exposure-study-shows/ #sovereigninvestorssurvey #usdollarreservecurrency #centralbanksurvey #dedollarization #invescosurvey #chineseyuan #economics #usdollar
#usdollar #economics #chineseyuan #invescosurvey #dedollarization #centralbanksurvey #usdollarreservecurrency #sovereigninvestorssurvey
FX: #greenback ’s dominance won’t last forever, b/c nothing does. But the hype about #dedollarization is much ado about almost nothing. For now, US #Dollar dominates b/c there just aren’t any good alternatives, chart @paulkrugman op-ed @nytimes https://t.ly/Ykjdj
#greenback #dedollarization #dollar
Bolivia’s President Calls on South American Countries to Ditch US Dollar, Bolster Alliances With China and BRICS - Bolivia’s President Luis Alberto Arce Catacora (Lucho Arce) has urged members and ... - https://news.bitcoin.com/bolivias-president-calls-on-south-american-countries-to-ditch-us-dollar-bolster-alliances-with-china-and-brics/ #luisalbertoarcecatacora #luizinacioluladasilva #bolivia’spresident #brazil’spresident #de-dollarization #dedollarization #financialsystem #bolivia
#financialsystem #dedollarization #de #brazil #bolivia #LuizInacioLuladaSilva #luisalbertoarcecatacora
Indian oil refiners are using China's yuan instead of the US dollar to buy Russian crude
One more step towards #dedollarization
#India #Russia
#dedollarization #India #russia