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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.

Continuation from Post Directly Above.

From time to time, I'm going to present to you Black/Afrikan History books and other books about our people, and our history to read. You need to grow your mind to have a clear understanding of our history and what happened to our people.

The books that I will present after this one will only be revealed in my NAFBP private group at BackRoom Social.

You need to understand our ancestors, culture, spiritual systems, and what it was like back in the day. Learn from the mistakes our Black/Afrikan ancestors made by not coming together and preparing for war by enemies who have been watching us, infiltrating and learning from us only to invade, conquer, destroy, steal, and enslave which is still happening today but in other forms such as an enslaved Black mind.

You should get your copy, either free or paid for. Many books written by our Black Historians and Scholars can be found on Google in a free PDF version.

Just Google the name of the book and author. Add 'free PDF' at the end of your search term.

Here's one book that took me a long time to read but was worth every minute of my time reading it.

The Destruction of the Black Civilization by Chancellor Williams
https://archive.org/details/the-destruction-of-black-civilization

#ChancellorWilliams
#Destruction
#BlackCivilzation
#Afrika
#RaceIssues
#BlackHistory
#AfrikaHistory

Does he have a uterus? Doing the bidding of white limited power. They need workers to pay into social security. Brown kids like the ones working in the 'meat' packing plants...w/o a food handlers license:
https://www.nbcnews.com/politics/2024-election/north-carolina-lt-gov-mark-robinson-says-wants-abortion-illegal-zero-w-rcna170076

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