$BTC And so the BRICS meeting on creating an alternative to the US dollar failed! No high-ranking officials came to it, and the rhetoric was in the spirit of "later, someday" 🙃
After all, secondary sanctions are a threat, not a unifying force. Moreover, the economic ties of each individual country with the United States are closer than within the alliance.
The $ index is strengthening - 103, inflation is decreasing only on paper so far 😈
Deflation continues in China, which scares off investors. To solve this, huge infusions are required, and not those that are now. Prices for goods are falling, labor prices are falling, incomes are falling, spending is falling, accordingly - prices for goods are falling again and so on in a circle. Obviously, it is not production that needs to be stimulated, but consumption, which means this money will not go to crypto, as many people think.
Moreover, we will soon see how China will no longer need such oil and gas reserves, they will need Iran (and others) free and built on Western money and on China's surplus production.
In the meantime, the markets are being driven up to attract liquidity before the upcoming sales. Will the US save its Asian friend or is it already betting on India?
