Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
« 6TH POPE Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: BRICS will break the dollar and usher a return to gold - Mises Institute 

By: Zimbler0 in 6TH POPE | Recommend this post (1)
Wed, 30 Aug 23 9:49 PM | 28 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 45411 of 58635
(This msg. is a reply to 45410 by Decomposed)
Jump:
Jump to board:
Jump to msg. #

Hey De,
Do not forget that India and China do not like or trust each other enough to allow the others currency (or a new currency controlled by the other) to become the 'world reserve currency'.

>>>
India-China dispute: The border row explained in 400 words

http://www.bbc.com/news/world-asia-53062484

December 2022
Despite military-level talks, tensions continue. In December 2022 troops clashed for the first time in more than a year.

It happened near the Tawang sector of Arunachal Pradesh state, the eastern tip of India. Some soldiers suffered minor injuries.
>>>

There is an entire article at the link.

For many years now I keep seeing articles about China trying to unlawfully seize India's real estate . . . Much the way China is trying to steal the Philippines fishing grounds within the Philippines EEZ. . . . Or anything of value within the South China Sea.

Zim.




Avatar

Mad Poet Strikes Again.


 - - - - -
View Replies (1) »



» You can also:
- - - - -
The above is a reply to the following message:
Re: BRICS will break the dollar and usher a return to gold - Mises Institute
By: Decomposed in 6TH POPE
Wed, 30 Aug 23 8:52 PM 		Msg. 45410 of 58635

Zimbler0:

Re: “What BRIC's seems to be talking about is moving to 'other currencies' - as in Brazil and China trading in each others currencies . . . Russian oil selling in rubles . . .”If BRICS would really like to de-dollarize the Global Financial System... and I expect they'd love to do that... they need to issue a new currency that the world trusts as much or more than the dollar. BRICS isn't stupid. It knows that they have a terrible reputation. Therefore, I think that they WILL back a new currency, if they create one, with something tangible.

But we'll see. Not much of my thinking is "inside the box" these days so the likelihood that I'll be wrong is high.

The next meeting is in October 2024. That's probably when we'll learn what BRICS - and, particularly, Russia (who is hosting) - has in mind.

« 6TH POPE Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next