IVZ media thread, page-7071

@oilfarmer

The BRICS and the Petrodollar ?

Its interesting to note the diverse *media comments on Zimbabwe's adoption of the ZiG as a move away from US$ transactions "in country"
and for their international transactions

(*Such as when one company wanted to pay a $55 million Zimbabwe Tax Bill in USD ?)

Adoption of Gold Backed Currencies by a growing number of BRICS states are met with wide ranging comments, for and against, particularly from American financial interests and the International Monetary Fund (IMF)

DYOR for these pleadings - but this summary, below, of the current state of play is illuminating.

My view is - "What could Possibly go Wrong with these multiple currency interchanges, valuations and functions, with a crypto element thrown in for Good / or Bad Measure " ?

Given - Last Week's Microsoft " Cloud " meltdown for added excitement !!

https://www.atlanticcouncil.org/blogs/econographics/is-the-end-of-the-petrodollar-near/