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.

Bitcoin Bulls Shrug August Losses
Also Read: BRICS: Brazil To Incorporate Government Bonds in CBDC Digital Currency

Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also, Citi Bank’s analysts suggest that high foreign exchange currencies like the Euro and Pound could dip in tandem with the US dollar. The bank remains cautious about the Euro and wrote that its growth could lag in the currency economic crisis. This puts the US dollar and Euro under the spotlight allowing BRICS currencies to move ahead. Economists call for a U.S. recession and ultimately an ECB pivot,”

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.

Burkina Faso:
XOF (They have created their own currency. This is Francophone)
$10 USD =$5,954.15 XOF ; $25 USD.=14,885.4 XOF ; $50 USD=$29,770.7 XOF.

"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

Universal Basic Income is known as Digital currency. They start with the poor, say at, $2000/mo. It will be stashed in the cloud since banks are closing/consolidating. If you catch a ticket, a judgement in court, it's removed for you. How does one make up the difference in income to cover expenses with an unexpected debt pop-up? Overseas, you can volunteer for manual labor picking those fruits & veggies them folk are so worried about, or ...medical experiments/experimental meds. Bring up past debts more than 7 years old. It's also referred to as a 'Debtors' society. Naturally it's a great time to ramp up the ticket writing campaign, create new laws to take your digital/basic income, complete with GMO credit..but once you eat to much one month, then what? You'll have to prove/document your assets ..in case they need them. After you're hooked they'll need you chipped/scanned to prove you're 'human' to be able to 'barter & trade'....Sound familiar? https://youtu.be/UppBaSUB1ec?si=DGIZ8Z6mLPdIuAOv

"Post-Super Power U.S.A- ..that's right. Ppl don't even notice. Don't wanna hear bad things" Granny said. Malik said, "Trump gets back in there like the WEF wants there will be more wars. Wasn't Ukraine him? Signing that fake Abraham Accord the word says the Anti-Christ would sign" Malik was just rolling thoughts in his head. Out loud. "Weren't his back-breaking sanctions on countries what caused or expedited B.R.I.C.S. among other things. Even the colonizers known as France tried to run, join B.R.I.C.S." Drake chimed in. He'd said with this German meds they can't find his cancer. Prostate cancer wearing Brothas' out. And as long as you're near the 5G boxes they primarily put in BLKPOC hoods...well. it's a problem. Drake said, "they are panicked about the rise of the Global South and its strong currency but hasn't confirmed it to the public. By the time they do-- everyone in the U S will be stuck unless they are prepared to live off grid and that takes strategizing and time to set up plus the land. Everybody will have no choice .. no choice but to go along with the MARK OF THE BEAST plan if you wanna eat, digital currency if you want a roof over your head, keep your car..You'll be back in the fields. The Brown nations, B.R.I.C..S have repatriated, turned their USD in and are to be paid in gold ...the U.S doesnt have. They are/in the process of being self-sufficient. They own the resources, they don't have to grow what little real food the U.S gets . By the by, the U.S says food is not a right. This dirt is cursed. Nothing's growing.*

In the U.S it's taking up to 230 days to receive a response on your disability claim. Next year you will be on digital currency which is tied to the mark of the beast

The Bible does not use the phrase one-world government or one-world currency in referring to the end times. It does, however, provide ample evidence to enable us to draw the conclusion that both will exist under the rule of the Antichrist in the last days.