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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.

Japan’s interest rate increase from 0% to 0.25% triggered a sell-off in markets around the world – and crypto was not spared. The Crypto Fear & Greed Index tumbled to a score of 17, its lowest in two years. Amid the chaos, Bitcoin and Ether ETFs hit a combined trading volume of a whopping $6 billion in a single day, and Solana outperformed both Bitcoin and Ether in the price rebound that followed Monday’s lows.

You’re not sick of this?:So he thought GOD told him to sell a fake crypto currency and that there’s a possibility he could have ‘Misheard’ GOD and Now his Oatmeal friends will embrace the criminal & shield him:
https://youtu.be/fwVvbZp-bSc?si=INhfKNSInAwbgYr1https://biblehub.com/matthew/24-5.htmFor many will come in My name [misusing it, and appropriating the strength of the name which belongs to Me], saying, 'I am the Christ (the Messiah, the

WTF are they doing in Africa? U.S controls Europe, or the same entity that runs U.S runs Europe : Why is Worldcoin not allowed in USA?
Worldcoin says that due to regulatory uncertainty on the legal status of cryptocurrencies, they have decided not to launch the token in the United States yet, though people can still get verified by an Orb. It seems regulators elsewhere are also uncertain about the project.Aug 28, 2023
https://spectrum.ieee.org › worldc...
Worldcoin Launched. Then Came the Backlash - IEEE Spectrum

Why is Worldcoin scanning peoples eyes?
The company seeks to use biometric data to verify whether an internet user is indeed a human being. It's paying people for eye scans in some countries but being prevented from operating in others.Sep 4, 2023
https://www.marketplace.org › shows
Why people are letting Worldcoin scan their eyes - Marketplace.org….
What is criticism of Worldcoin?
Worldcoin has drawn criticism from privacy campaigners over its data collection. It has said the biometric data is either deleted or stored in encrypted form, and that it is "committed" to working with regulators.Sep 1, 2023
https://www.reuters.com › technology
Scrutiny of iris-scanning crypto project Worldcoin grows - Reuters….
What is the dark side of Worldcoin?

Worldcoin launched with phishing scams and malware, raised money from bankrupt and indicted investors, and acquired users from developing nations through deceptive marketing practices and unethical data collection.
https://eightify.app › summary › ex...
Exploring the Dark Side of Worldcoin: A Technological Hellscape - Eightify…
The report found that in some countries, such contractors were trying to sign people up who neither had an email nor understood digital currencies, raising concerns about the legitimacy of consent. Worldcoin operations raise important ethical and legal questions.Aug 24, 2023
https://www.livemint.com › opinion
Worldcoin's iris scans raise et

Can somebody explain …Psy-ops?https://youtu.be/Qpe9IC_lozo?si=iw55obK6Kny4hEpp….
AP News
https://apnews.com › article › worl...
Worldcoin scans eyeballs and offers crypto. What to know about the project ...
Aug 10, 2023 — Worldcoin creates a “World ID” by scanning someone's eyeballs through “orbs” — a device that captures an image of their irises, the colored ... Why is Worldcoin scanning eyeballs?
The company's goal is to use these iris scans to create what it calls a World ID. It's sort of a digital passport based on biometric data intended to prove that the user behind an online account is a real person.Sep 4, 2023
https://www.marketplace.org › shows
Why people are letting Worldcoin scan their eyes - Marketplace.org…… What is crypto's next craze orbs that scan your eyeballs?
Worldcoin orb
Every Worldcoin orb contains a camera designed to record images of a person's irises. The orbs convert those scans into bits of numerical code, which are supposed to serve as a new type of digital ID.Aug 7, 2023
https://www.nytimes.com › worldco...
Crypto's Next Craze? Orbs That Scan Your Eyeballs. - The New York Time…. What are the negative effects of Worldcoin?
He noted that Worldcoin could affect monetary policy and control, compromise cybersecurity of critical national infrastructure and privacy and security, enhance cybercrime fraud and scams and terrorism financing among others.Aug 30, 2023
https://nation.africa › news › politics
Worldcoin is a threat to economy and national security, MPs told

Worldcoin, which offers users This is what will be required to continue receiving Digital currency after 6 mo or so:

WLD crypto tokens in exchange for “proof of personhood” via an iris scan, is made by an Altman-founded company called Tools for Humanity. Using the language of financial empowerment, global development and crypto hype, Worldcoin has spent the last couple of years paying contract workers to take its orbs and scan eyes all over the world, WITH AN EMPHASIS on the GLOBAL SOUTH, where people are rewarded with local currency (about $50. They are referring to Africa, B.R.I.C.S) a small gift or the promise of WLD tokens. (WLD hasn’t officially launched, so there aren’t yet tokens to trade.) And: enya suspends Sam Altman's eyeball-scanning crypto project

Aug 2, 2023 — The Kenyan government has suspended Worldcoin, the eyeball-scanning crypto project launched by OpenAI founder Sam Altman.

In order to hold back recession further the Feds would have to raise interest rates... BRICS TAKING OVER!? A New Global Reserve Currency!?
188K views · 1 month ago#Brics #Crypto #Do