消息详情

This is a huge headline that will be largely missed. The central tenet of BRICS’ reason for existing just broke. With Russia quitting the effort to replace the USD with the Chinese Yuan, the dollar will very likely remain the world’s trade currency for the foreseeable future. This may very well seem like ho hum, but in the debt position we find ourselves we depend on the world ignoring our otherwise disastrous position and buying our debt at advantaged rates. That hinges on a dominant dollar. This also exposes the Yuan as an inferior currency. We are led to believe that all things are rosy in China, but their currency and their economy have some significant problems. This is a big blow to the illusion that the Chinese economy is dominant. Russia was forced to make a choice and they chose America. https://fxtwitter.com/bricsinfo/status/2120410691165159796

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