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Osi

15,930 Posts.

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30/03/24

12:08

Post #: 73123208
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Originally posted by moorookamick: ↑

IMO the de-dollarisation of trade transactions within the BRICS
and to a lesser extent within ASEAN will weaken the USD as
the global reserve currency and the US ability to print Trillions
of Greenbacks to support overseas wars including that of the Ukraine .

The Ukraine War and subsequent comprehensive economic sanctions
on Russia by NATO members generally and the US specifically has
sent a shot over the bows of emerging economies who fear the
"$Russian & Iranian" treatment by US Neo-Cons should these
emerging economies object to getting into bed with Uncle Sam.

Is Aus now "Simple Simon in the middle"?

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Sadly for you, the Yuan also looks a tad dodgy ATM.
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