The BRICS alliance is on a mission to bring the U.S. dollar down and make local currencies reign supreme. Developing countries are looking to cut ties with the USD and strengthen their native economies by putting local currencies ahead. The paradigm shift in geopolitics is concerning as the East to looking to topple the West in the financial sector.
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0 sats \ 0 replies \ @freebookspls 25 May 2024
Honestly, China and India are at war with each other. Russia is in a war as well and is the pariah of the world. South Africa is just a port in Africa. Brazil is delving into a socialist corrupt dictatorship.
How could a BRICS bank ever be possible? How could they back any common currency?
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