With the BRICS Summit arriving in a few months, one finance expert has predicted a major announcement that could have a massive impact on the US dollar. Indeed, the BRICS alliance is widely expected to fast-track its de-dollarization efforts at the upcoming event.
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Do you think they can get their shit together to actually start using the currency?
Or will they bicker about little things?
Just watch the game
Its going to be interesting.
I know for a fact there is going to be double borrowing.
What do you mean?
They are going to set aside gold to base their currency off of.
Then they will use a % of money based on that gold for brics.
Then they will use a % of that gold for their own currency.
So they will have gold that has been borrowed against at least twice...and at probably 1000% of its value.
About time someone challenged US Dollar. :)