We won't be seeing a BRICS currency any time soon - The Great Awakening - Where We Go Qne, We Go All!

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We won't be seeing a BRICS currency any time soon (www.nakedcapitalism.com)

posted 1 year ago by kula 1 year ago by kula +115 / -1

Russian Central Bank Governor Elvira Nabiullina and Head of "BRICS Bank" Throw Cold Water on BRICS Currency Project | naked capi...

We’re late to a story that interestingly has been very much under-reported, perhaps because it is contrary to the anti-globalist narrative….already a minority faction in the Anglosphere. We’ve said for some time that the prospects for replacing the dollar ...

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– NoApologyTour 3 points 1 year ago +3 / -0

I came here to say something similar. Why would anyone want a BRICS currency? That would just put us on the path to where we are now. The closest we’ll likely get to that is if those countries decided to peg their currencies to the same denomination of the same resource… for example if 1000 Russian rubles = 1 oz gold and 1000 Chinese yuan = 1 oz of gold. This would greatly simplify trade while strengthening each of their individual currencies.

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– bubble_bursts 2 points 1 year ago +2 / -0

Exactly. It had always bothered me when I kept hearing about BRICS currency, making me question what the heck was brewing. This news makes me feel better.

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