The Chinese may have already out-foxed and defeated the Americans but it will be felt few years from now with the BRICS currency

[Qutb-ud-din-Aibak]

It looks like BRICS countries trading in BRICS currency will have a huge impact on the US economy as Dollar will wane off.. This will unraval the US for the coming years slowly up to towards the next 10-15 years slowly US economy will start to fade

Last month it was announced a NEW brics currency..

All the countries who has applied and could join BRICS in this August

Algeria
Argentina
Bahrain
Egypt
Qatar
Indonesia
Iran
Saudi Arabia
United Arab Emirates
Afghanistan
Bangladesh
Belarus
Kazakhstan
Mexico
Nicaragua
Nigeria
Pakistan
Senegal
Sudan
Thailand
Tunisia
Turkey
Uruguay
Venezuela
Zimbabwe

 

[Titanium100]

China never ceases to surprise. The brics currency announcement will be remembered as the begining of the chinese era and golden age

 

[Qutb-ud-din-Aibak]

The fun part is that Mexico will join and finally exit poverty

 

[tower9]

I wonder what this means for people who hold USD debt like mortgages, student loans etc when the value of the dollar eroded?

 

[etylo]

It looks like BRICS countries trading in BRICS currency will have a huge impact on the US economy as Dollar will wane off.. This will unraval the US for the coming years slowly up to towards the next 10-15 years slowly US economy will start to fade

Last month it was announced a NEW brics currency..

All the countries who has applied and could join BRICS in this August

Algeria
Argentina
Bahrain
Egypt
Qatar
Indonesia
Iran
Saudi Arabia
United Arab Emirates
Afghanistan
Bangladesh
Belarus
Kazakhstan
Mexico
Nicaragua
Nigeria
Pakistan
Senegal
Sudan
Thailand
Tunisia
Turkey
Uruguay
Venezuela
Zimbabwe

Apparently 30 countries have applied to join the BRICS. So, are they going to accept any country that wants to join, that's quite a number there ?

 

[CIA Mole]

nah with xi jinping around, the west has won

 

[wildlens]

I wonder what this means for people who hold USD debt like mortgages, student loans etc when the value of the dollar eroded?

it will be good for them. they will pay it off easily. in fact it will be bad for Japan, China and other holders of USD (including India).
On the other hand this bric currency will be limited in scope as the trust in china is very low except for acquiescence from third world countries which have are ruled by authoritarian.

 

[ProudThamizhan]

There is no such thing as a BRICS currency .
There is some interest in creating one. If they decide today to do so , it’d take a decade to implement

 

[Titanium100]

There is no such thing as a BRICS currency .
There is some interest in creating one. If they decide today to do so , it’d take a decade to implement

The currency will get fasted tracked and rolled out 2024 or max 2025.. Once all these members gets approved Russia and China won't waste time rolling it out

 

[nahtanbob]

The currency will get fasted tracked and rolled out 2024 or max 2025.. Once all these members gets approved Russia and China won't waste time rolling it out

yeah sure

 

[ThunderCat]

It looks like BRICS countries trading in BRICS currency will have a huge impact on the US economy as Dollar will wane off.. This will unraval the US for the coming years slowly up to towards the next 10-15 years slowly US economy will start to fade

Last month it was announced a NEW brics currency..

All the countries who has applied and could join BRICS in this August

Algeria
Argentina
Bahrain
Egypt
Qatar
Indonesia
Iran
Saudi Arabia
United Arab Emirates
Afghanistan
Bangladesh
Belarus
Kazakhstan
Mexico
Nicaragua
Nigeria
Pakistan
Senegal
Sudan
Thailand
Tunisia
Turkey
Uruguay
Venezuela
Zimbabwe

Then it would never be called BRICS per the acronym

 

[Zsari]

I wonder what this means for people who hold USD debt like mortgages, student loans etc when the value of the dollar eroded?

It’ll be a net gain there for loan holders. Those with cash and savings are the ones losing out, and wage earners.

 

[TNT]

Pakistan also applied? Never letting go of any avenue of begging.

 

[Muji.Iqbal]

At least China does not go on imperial crusades.

 

[Han Patriot]

nah with xi jinping around, the west has won

Exactly the Westbhas won long ago with people like Trump. MAGA MAGA MAGA

yeah sure

Uhhh i can feel the bitterness and anxi3ty.