dedollarization
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Dedollarization and its Aima By Bricks
BRICS (Brazil, Russia, India, China, and South Africa) nations have been working on a plan to de-dollarize the global economy and create a new reserve currency. Here are the key points of their plan:
1. *New Reserve Currency*: BRICS nations aim to create a new reserve currency, tentatively called the "BRICS currency" or "R5," to reduce dependence on the US dollar.
2. *Basket of Currencies*: The new currency will be a basket of the five BRICS nations' currencies: the Brazilian real, Russian ruble, Indian rupee, Chinese yuan, and South African rand.
3. *Gold-Backed*: The new currency will be backed by gold reserves, which will provide stability and confidence in the currency.
4. *Decentralized System*: The BRICS currency will operate on a decentralized system, using blockchain technology and a distributed ledger.
5. *SWIFT Alternative*: BRICS nations plan to create an alternative to the SWIFT financial messaging system, which is currently dominated by the US.
6. *Gradual Implementation*: The plan is to gradually implement the new currency, starting with bilateral trade between BRICS nations and gradually expanding to other countries.
7. *Reducing US Influence*: De-dollarization aims to reduce US influence over the global financial system and minimize the impact of US sanctions.
8. *Increased Economic Cooperation*: The BRICS currency will foster greater economic cooperation and integration among member nations.
By implementing this plan, BRICS nations aim to create a more multipolar and equitable global financial system, reducing dependence on the US dollar and promoting economic sovereignty.#Megadrop #BinanceLaunchpool #BullorBear $BTC $BNB $BNB #dedollarization
BRICS (Brazil, Russia, India, China, and South Africa) nations have been working on a plan to de-dollarize the global economy and create a new reserve currency. Here are the key points of their plan:
1. *New Reserve Currency*: BRICS nations aim to create a new reserve currency, tentatively called the "BRICS currency" or "R5," to reduce dependence on the US dollar.
2. *Basket of Currencies*: The new currency will be a basket of the five BRICS nations' currencies: the Brazilian real, Russian ruble, Indian rupee, Chinese yuan, and South African rand.
3. *Gold-Backed*: The new currency will be backed by gold reserves, which will provide stability and confidence in the currency.
4. *Decentralized System*: The BRICS currency will operate on a decentralized system, using blockchain technology and a distributed ledger.
5. *SWIFT Alternative*: BRICS nations plan to create an alternative to the SWIFT financial messaging system, which is currently dominated by the US.
6. *Gradual Implementation*: The plan is to gradually implement the new currency, starting with bilateral trade between BRICS nations and gradually expanding to other countries.
7. *Reducing US Influence*: De-dollarization aims to reduce US influence over the global financial system and minimize the impact of US sanctions.
8. *Increased Economic Cooperation*: The BRICS currency will foster greater economic cooperation and integration among member nations.
By implementing this plan, BRICS nations aim to create a more multipolar and equitable global financial system, reducing dependence on the US dollar and promoting economic sovereignty.#Megadrop #BinanceLaunchpool #BullorBear $BTC $BNB $BNB #dedollarization
BRICS: Billionaire Makes Major US Bank Failure Prediction.
With theĀ BRICS blocĀ embracing de-dollarization and encouraging a global economic shift, one notable billionaire has made a major US bank failure prediction. Indeed, real estate investment mogul and CEO of $115 billion Starwood Capital, Barry Sternlicht, has urged preparation for widespread failures in the coming year.
Speaking to CNBC,Ā Sternlicht predicted that the United States would witness one bank failure every week. Specifically, he stated that the more than 4,000 regional and community banks in the country would be at risk due to high interest rates and inflation. All the while, the US debt crisis is nearing, with the greenback facing lessening prevalence internationally.
#BRICSinfo #dedollarization
With theĀ BRICS blocĀ embracing de-dollarization and encouraging a global economic shift, one notable billionaire has made a major US bank failure prediction. Indeed, real estate investment mogul and CEO of $115 billion Starwood Capital, Barry Sternlicht, has urged preparation for widespread failures in the coming year.
Speaking to CNBC,Ā Sternlicht predicted that the United States would witness one bank failure every week. Specifically, he stated that the more than 4,000 regional and community banks in the country would be at risk due to high interest rates and inflation. All the while, the US debt crisis is nearing, with the greenback facing lessening prevalence internationally.
#BRICSinfo #dedollarization
šØšŗšø TRUMP VOWS ā100% TARIFFā ON COUNTRIES ABANDONING US DOLLAR šØ
Trump is making a bold statement: āYou leave the dollar and youāre not doing business with the United States.ā
Long known for his protectionist stance, Trump warns that the dollar has been āunder siegeā for 8 years. His new proposal includes a drastic ā100% tariffā on any country that moves away from the dollar. This comes after talks with advisers about targeting nations like China and India that are exploring de-dollarization.
Will this aggressive move protect the dollar, or spark more global shifts? The world is watching closely.
Source: Fortune
#Trump #DollarTariff #GlobalEconomy #CPI_BTC_Watch #dedollarization
Long known for his protectionist stance, Trump warns that the dollar has been āunder siegeā for 8 years. His new proposal includes a drastic ā100% tariffā on any country that moves away from the dollar. This comes after talks with advisers about targeting nations like China and India that are exploring de-dollarization.
Will this aggressive move protect the dollar, or spark more global shifts? The world is watching closely.
Source: Fortune
#Trump #DollarTariff #GlobalEconomy #CPI_BTC_Watch #dedollarization
š„ BRICS #Dedollarization Shakes Global Trade ā Trump Warns of Sanctions on Countries Abandoning the
At a recent rally, former President Donald Trump voiced strong words on the global shift away from the U.S. dollar. As the BRICS nations (Brazil, Russia, India, China, and South Africa) make strides to conduct trade in their own currencies, Trump warned of significant tariffsāup to 100%āon countries that turn away from the dollar. He emphasized that if re-elected, countries moving toward dedollarization may face restrictions on doing business with the United States.
BRICS & the Dedollarization Movement šš±
The BRICS alliance has made headlines by promoting dedollarization to reduce dependence on the U.S. financial system. A striking example of this is the relationship between China and Russia, with over 90% of their bilateral transactions now completed in their respective currencies. The objective? To create a trade environment less reliant on the dollarāa move that could reshape the global economy.
Why It Matters: The Future of the Dollar
American policymakers, including Trump, view dedollarization as a challenge to the dollar's status as the global reserve currency. As more nations explore alternative currencies, concerns about the dollarās future in global trade intensify. Trump argues that the dollarās dominance is crucial for U.S. economic stability and influence, warning that shifting away could have major economic and political repercussions.
Key Points to Watch:
Trumpās Warning: Tariffs of up to 100% on nations that shift away from the dollar.
BRICSā Strategy: Dedollarization is advancing, especially among emerging economies seeking independence from U.S.-centric financial systems.
Impact on Global Trade: A currency shift by BRICS could reshape the structure of international trade and challenge the dollarās dominance.
š The Road Ahead: What Does This Mean for Crypto?
The dedollarization trend is sparking conversations around cryptocurrency as a potential alternative in global transactions. Could crypto step in as nations explore new ways to facilitate trade without relying on a single reserve currency? For investors, this is a space to watch closely, as dedollarization could drive interest in decentralized financial assets.
Follow for updates on global finance, dedollarization, and cryptocurrencyās role in a changing economy! ššš
#usdc #BRICS #dedollarization #CryptoRevolution #Binance
BRICS & the Dedollarization Movement šš±
The BRICS alliance has made headlines by promoting dedollarization to reduce dependence on the U.S. financial system. A striking example of this is the relationship between China and Russia, with over 90% of their bilateral transactions now completed in their respective currencies. The objective? To create a trade environment less reliant on the dollarāa move that could reshape the global economy.
Why It Matters: The Future of the Dollar
American policymakers, including Trump, view dedollarization as a challenge to the dollar's status as the global reserve currency. As more nations explore alternative currencies, concerns about the dollarās future in global trade intensify. Trump argues that the dollarās dominance is crucial for U.S. economic stability and influence, warning that shifting away could have major economic and political repercussions.
Key Points to Watch:
Trumpās Warning: Tariffs of up to 100% on nations that shift away from the dollar.
BRICSā Strategy: Dedollarization is advancing, especially among emerging economies seeking independence from U.S.-centric financial systems.
Impact on Global Trade: A currency shift by BRICS could reshape the structure of international trade and challenge the dollarās dominance.
š The Road Ahead: What Does This Mean for Crypto?
The dedollarization trend is sparking conversations around cryptocurrency as a potential alternative in global transactions. Could crypto step in as nations explore new ways to facilitate trade without relying on a single reserve currency? For investors, this is a space to watch closely, as dedollarization could drive interest in decentralized financial assets.
Follow for updates on global finance, dedollarization, and cryptocurrencyās role in a changing economy! ššš
#usdc #BRICS #dedollarization #CryptoRevolution #Binance
BRICS Pays $4,000,000,000 in Local Currency, Sidelines US Dollar
Russia purchased arms manufactured by its BRICS counterpart India by paying $4 billion in local currencies and not the US dollar. The Indian-made arms and equipment were procured by Russia citing ādefense purposesā. The entire payment of $4 billion was cleared using the Rupee and the US dollar was left out from the transaction.
#dedollarization #BRICS
Russia purchased arms manufactured by its BRICS counterpart India by paying $4 billion in local currencies and not the US dollar. The Indian-made arms and equipment were procured by Russia citing ādefense purposesā. The entire payment of $4 billion was cleared using the Rupee and the US dollar was left out from the transaction.
#dedollarization #BRICS