BRICS challenging the US Dollar?

[Rasputin_Vol]

"Unfortunately, the US dollar has been increasingly associated with narco-dollars, implying the close link between global financial flows and narco-money that is constantly being injected into the legal banking network in order to make up for critical liquidity shortages, which is destabilizing the global financial situation," Ivanov said during a BRICS ministerial meeting on countering drug trafficking.

Ivanov added that the New Development Bank operated by the BRICS countries could become a serious tool to normalize the global financial environment and move away from the US dollar's dominance.

US Dollar Increasingly Linked to Narco-Dollars

 

[Velo Vol]

Shocked to learn that drug smugglers would rather exchange dollars than pesos.

 

[Rasputin_Vol]

 

[Velo Vol]

There's always the yuan, I guess.

 

[Hunerwadel]

Busy thread, hard to keep up.

 

[PEPPERJAX]

Another Ras special

 

[MontyPython]

Stupidity. Ras specialty.

India and China HATE each other. Literally armed battles for years. Russia is embroiled in a losing cause with its currency down 80% in 1 year, Iran is a laughable propped-up theocracy. South Africa done exactly nothing. Ever. Except being racist. Brazil.. great place to learn the Samba... also currency down 3 fold v. dollar over last 12 years.

Oh yeah. This will turn out great.

 

[Velo Vol]

Uh oh.

 

[Vol737]

Uh oh.

We must still be the prettiest pup in an awfully ugly litter.

 

[CAVPUT]

It will happen.

And when it does, our financial reality will be crushing for the vast majority of this country....and any ally still holding any US backed instruments. We'll need loans to pay for a tank of gas.

 

[Rasputin_Vol]

[youtube]

Huh... so the video is blocked here in The Land of The Free...

 

[Velo Vol]

I wonder why he doesn't want to go with the yuan?

 

[Velo Vol]

Sad.

 

[Velo Vol]

LOL