Don't see the humor, Egypt just joined BRICS, that's the stated plan , to use the gold backed ruble, to destroy the USD. Your uniformed or really dumb.
they're attempting to trade specifically russian oil with the creation of digital gold backed currency.
its not a gold rouble, but a gold backed deposit (critically measured in US dollars) of roubles in India, and Rupees in Russia.
please explain how this could destroy the USD?
how could moving away from the dollar really help china or russia?
the only way russia weathered the sanctions was by closing off their economy. exposing the rouble to fluctuations outside of russian sovereignty or Chinese exposing the yuan to policies outside their controlled economy carries far more risk than reward.
Ponder this: It could crush the yuan instead of the dollar.
No, the Chinese are in on BRICS. Brazil, Russia India china south Africa and more have planned on using the gold backed ruble .
L O L
Don't see the humor, Egypt just joined BRICS, that's the stated plan , to use the gold backed ruble, to destroy the USD. Your uniformed or really dumb.
they're attempting to trade specifically russian oil with the creation of digital gold backed currency.
its not a gold rouble, but a gold backed deposit (critically measured in US dollars) of roubles in India, and Rupees in Russia.
please explain how this could destroy the USD?
how could moving away from the dollar really help china or russia?
the only way russia weathered the sanctions was by closing off their economy. exposing the rouble to fluctuations outside of russian sovereignty or Chinese exposing the yuan to policies outside their controlled economy carries far more risk than reward.
I've traded currency for 14 years. Both in NYC and HK.
I dont know where you got this, but I will 100% trade you your dollars for ruble futures today if you're interested.