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0 sats \ 1 reply \ @Undisciplined 9 Jul 2023 \ parent \ on: BRICS Gold-Backed Common Currency To Be Introduced In August bitcoin
I wouldn't be surprised to see something like that attempted. I know it's been done before, although it's not clear to me how successful those efforts have been. I think you're right about America seeing this as an existential threat to dollar hegemony, but I doubt these kinds of manipulations would do much to affect the somewhat closed system of BRICS settlement payments.
Oh, I agree. It won't affect BRICS settlements. It will just limit the currencies forex rate versus USD.
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