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Forum Post: BRICS - Brazil, Russia, India, China, South Africa Are Dropping The US Dollar As World Currency

Posted 2 years ago on March 29, 2012, 10:38 a.m. EST by Reneye (118)
This content is user submitted and not an official statement

Interesting week of global meetings not mentioned in MSM. This is a huge game changer for the US. The BRICS countries are signing the documents tomorrow.

http://tinyurl.com/6tqz87c

All of the links he speaks of may be found here:

http://goingglobaleastmeetswest.blogspot.com/2000/03/links-dumping-dollar.html

8 Comments

8 Comments


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[-] 1 points by MattLHolck (16833) from San Diego, CA 2 years ago

thanks

[-] 1 points by vats (107) 2 years ago

well keep out sourcing IT work to india, and make them richer, this what you get in return

[-] 1 points by toukarin (488) 2 years ago

The BRICS have come to realize that it is not a good idea to keep all their eggs in one (currency) basket. Especially a basket being handled in the way that the US govt has been handling the dollar.

Also, with sanctions against Iran preventing them from trading for oil in USD, they realize the need for alternatives for the next time the Govt decides to throw a tantrum and try to tell the rest of the world that they cant trade with another sovereign nation.

[-] 0 points by Odin (583) 2 years ago

It looks like OWS membership will be growing quickly.

[-] 0 points by YearOne (6) 2 years ago

BRICs are shaking up the world order

http://www.manager-magazin.de/politik/weltwirtschaft/0,2828,824521,00.html

The article concludes that BRIC countries are accelerating their plans to become a bigger player on the world scene. The most important issue is the introduction of the Chinese Yuan in lending.

It seems some kind of solution is emerging in the background. At least there will now be much more pressure on Europe and the US to actually fix things.

[-] 0 points by VantagePoint250624 (-51) 2 years ago

Hyperinflation, relocation, internment, involuntary servitude etc.......

Looks like it's getting close to the time to borrow to your credit max........ just maybe.