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Watcher Guru

BRICSBusiness
2 minute read
Major U.S. Sector To Be Affected If BRICS Ditches the Dollar
Vinod Dsouza
Vinod Dsouza
June 29, 2024
us dollar bill faces
Source: realmoney.thestreet.com
The BRICS alliance is looking to launch a gold-backed currency to topple the U.S. dollar. The announcement about the formation of a new currency could be unveiled at the upcoming summit in October 2024. The goal of BRICS is to create a multipolar financial world where developing countries will limited connection to the U.S. dollar.


Also Read: BRICS Outperforms the US: Becomes Top Exporter of Copper

Global trade will mainly be settled in the new BRICS gold-back currency or local currencies of other developing countries. This would help them safeguard their native economies as hoarding the U.S. dollar in reserves comes at a risk. The growing debt in the U.S. touched $34.4 trillion this month and developing nations want to distance themselves from the dollar.

Bitcoin Retreats as Harris Dents Crypto's Trump...
Also Read: BRICS De-Dollarization Agenda Fails: US Dollar Supremacy Intact


BRICS: Major U.S. Financial Sector To Be Impacted If the Dollar is Ditched
brics china usd us dollar currency world leaders belt and road initiative chinese yuan
Source: xinhuanet.com
The main U.S. sector to be affected if BRICS ditches the dollar is the banking and finance sector. Banks across America will be forced to take concrete measures to safeguard the prospects for the U.S. dollar. Moreover, new currency pairs could take center stage in the forex market adding more pressure on the U.S. dollar.

The US dollar is on a slippery slope as BRICS is looking to topple it from the world’s reserve currency status. The de-dollarization agenda is gaining steam as the alliance is convincing developing countries to cut ties with the US dollar. On the heels of the BRICS de-dollarization efforts, Citi Bank has predicted the future of the US dollar. Citi gave insights on how the leading currency could perform in the coming months. Watcher Guru
BRICSBusiness
2 minute read
BRICS: Citi Bank Predicts the Future of the US Dollar
Vinod Dsouza
Vinod Dsouza
September 15, 2024
US Dollar USD Currency Greenback Bill BRICS
Source: stock.adobe.com
The US dollar is on a slippery slope as BRICS is looking to topple it from the world’s reserve currency status. The de-dollarization agenda is gaining steam as the alliance is convincing developing countries to cut ties with the US dollar. On the heels of the BRICS de-dollarization efforts, Citi Bank has predicted the future of the US dollar. Citi gave insights on how the leading currency could perform in the coming months.

Also Read: BRICS: US & Europe Headed For a Recession, Warns BCA Strategist

BRICS: The US Dollar Could Dip, Predicts Citi Bank
Citi Bank
Source: TheStreet
Citi Bank has forecasted that the US dollar could decline amid the global slowdown and remain bearish for the next two months. The DXY index, which tracks the performance of the USD shows that currency at 101.40. That’s a sharp decline as the currency was at 106.20 in June this year. The decline comes when BRICS is advancing to push the US dollar to the bottom of the charts. Citi Bank forecasts that BRICS currencies could slightly outperform the US dollar in the next two months.

"B.R.I.C.S currency is backed by GOLD/OIL. USD is backed by lies, **** and they've defaulted twice to crash the economy to introduce tramps new constitution, walk away from God and worship the beast...did U get that right? That's what it looks like. What was said. They own all the Gold, Oil, Gypsum, Copper, Silver.." Drake said while making his Soursop smoothie. Malik said "Everything man needs to survive the future plus God opened a new ocean which means new life. U.S still owes Germany 60% more Gold they said they didn't have to pay." Drake said, "Yep. Fucked. Well, at least all of us are packed, We got 2 ways outta here until we find a 'white coyote' to pay but that's dangerous. Whites are the mark":https://markets.businessinsider.com/news/currencies/de-dollarization-dollar-war-usd-yuan-china-russia-brics-currency-2024-7

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'The Woman King' tells the story of the Agojie. But in real life, the fierce women warriors played a roll in the transatlantic slave trade.
https://www.businessinsider.com/the-woman-king-true-history-agojie-dahomey-slave-trade-2022-9

#Dahomey
#Agojie
#womanking
#WomenWarriors

It it racist to intentionally do business with your own ethnic group?

https://www.instagram.com/reel/C-xk28vpKkE/?igsh=a2prc2Z0dTcwYmZw

Enoch was taken to 'Heaven' and describes it. It's nothing at all like the white churches, churches run businesses teach in the U.S...:https://youtu.be/CaSYpog3ZCE?si=y6tzaXyHvYtTrrQk