Saturday, June 10, 2023

What Is Your Dollar Worth?

You're about to find out what that dollar you're holding is really worth.

...A few days ago Jim Rickards published an article in which he argues that the dollar centric global monetary system is about to receive a serious shock. The proximate cause for this is that, according to Rickards, the BRICS group of nations will roll out a new currency in August. BRICS, of course, is Brazil, Russia, India, China, and South Africa, but that's not the end of the story. At least 8 additional nations have made formal applications for membership, including major energy producers Saudi Arabia, Algeria, Bahrain, Indonesia, and the UAE. Call that grouping BRICS+....

Looks like it will be pegged to gold, whereas the dollar is pegged to Bai-Den's government.

1 comment:

Anonymous said...

Biden was not elected.
He is not the president.
The election was stolen.
The rest of the world knows this.
Many Americans know this.
The world will not tolerate the fake and the gay of Clown world and will wipe their ass with our fiat currency.
This change is happening fast

Greg