Tuesday, September 24, 2024

Is the West really threatened by BRICS?

That is how the above documentary sounded. 

Generally, the following video is the western attitude to the dedollarisation trend that is in play as it is revealed recently that Japan, China and Saudi Arabia are reducing their dollar holding to buy gold.

Ceterus peribus? Everything remain the same? Or its just putting up a bold front?

As a debtor nation dependent on other nations to hold reserves in US dollar or their government bonds to finance their US$35 trillion debt in which servicing the interest itself is US$1 trillion a year, they cannot afford to be arrogant.

Listen the following video commentary.

Its not just BRICS payment system or crypto that will eventually be by-passing the US dominated and weaponised SWIFT payment system. 

There is now Tethers.


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