As you know BRICS was formed to compete against the power of the USD. BRICS announced 6 new members. Saudi Arabia is joining "BRICS+6". BRICS consists of Brazil, Russia, India, China, South Africa, with 6 new countries joining effective Jan 1, 2024. Argentina, Etheopia, Egypt, Iran, UAE, and Saudi Arabia!
These countries are going to all collectively be challenging the dollar and trading in alternative dollars. Why is it we can print trillions of dollars and have the dollar still be worth anything? The petrodollar! Oil trade in USD is the reason for the demand of dollars. What happens when Saudi oil is no longer trading in dollars and the above countries stop accepting/trading USD? Massive hyperinflation?
───── Y4C® ─────
These countries are going to all collectively be challenging the dollar and trading in alternative dollars. Why is it we can print trillions of dollars and have the dollar still be worth anything? The petrodollar! Oil trade in USD is the reason for the demand of dollars. What happens when Saudi oil is no longer trading in dollars and the above countries stop accepting/trading USD? Massive hyperinflation?
───── Y4C® ─────
As you know BRICS was formed to compete against the power of the USD. BRICS announced 6 new members. Saudi Arabia is joining "BRICS+6". BRICS consists of Brazil, Russia, India, China, South Africa, with 6 new countries joining effective Jan 1, 2024. Argentina, Etheopia, Egypt, Iran, UAE, and Saudi Arabia!
These countries are going to all collectively be challenging the dollar and trading in alternative dollars. Why is it we can print trillions of dollars and have the dollar still be worth anything? The petrodollar! Oil trade in USD is the reason for the demand of dollars. What happens when Saudi oil is no longer trading in dollars and the above countries stop accepting/trading USD? Massive hyperinflation?
───── Y4C® ─────
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