A summit of leaders from the BRICS group of major emerging economies kicks off in Brazil Sunday – but without the top leader of its most powerful member.
Ah, that makes a lot of sense, thank you. It also makes sense that the UK is eager to continue supporting bad US policy. The EU could only stand to gain from a BRICS currency, but the money masters must be fed their allotment of bodies ("We’ll coup anyone we want, deal with it!”). From what I understand, Iraq trying to change food-for-oil account from petrodollar to Petroeuro, is that correct?
Can we please confiscate dystopian sci-fi novels from the ultrawealthy and send them somewhere for guided Ayahuasca trips for a few … centuries?
Yes. The PetroEuro was Iraq trying to move away from USD and take advantage of interest rates and the rising Euro. The US invaded and overthrew Hussein, forcing Iraq to switch back to USD.
I think the point of the BRICS currency is to give stability for global trading. Something that currently Trump is threatening with all the dumbass financial and trade moves to MAGA. BRICS isn’t trying to collapse the USD. There’s just less demand for USD when BRICS trade with each other using currency swaps as they do now.
I don’t have a good understanding of how gold is going to back this BRICS currency so I am interested in what the next moves are.
As for Europe and UK, fuck em I reckon austerity nuts are going to cut all sorts of government spending. I don’t see any big moves to save themselves economically.
Ah, that makes a lot of sense, thank you. It also makes sense that the UK is eager to continue supporting bad US policy. The EU could only stand to gain from a BRICS currency, but the money masters must be fed their allotment of bodies ("We’ll coup anyone we want, deal with it!”). From what I understand, Iraq trying to change food-for-oil account from petrodollar to Petroeuro, is that correct?
Can we please confiscate dystopian sci-fi novels from the ultrawealthy and send them somewhere for guided Ayahuasca trips for a few … centuries?
Yes. The PetroEuro was Iraq trying to move away from USD and take advantage of interest rates and the rising Euro. The US invaded and overthrew Hussein, forcing Iraq to switch back to USD.
I think the point of the BRICS currency is to give stability for global trading. Something that currently Trump is threatening with all the dumbass financial and trade moves to MAGA. BRICS isn’t trying to collapse the USD. There’s just less demand for USD when BRICS trade with each other using currency swaps as they do now.
I don’t have a good understanding of how gold is going to back this BRICS currency so I am interested in what the next moves are.
As for Europe and UK, fuck em I reckon austerity nuts are going to cut all sorts of government spending. I don’t see any big moves to save themselves economically.
They may well not be, but this seems a natural outcome, especially with the stable genius’s oscillating “policies” unless I’m missing something.