BRICs get down to business in Yekaterinburg
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These 4 should be an example for all developing countries
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The only true reserve currency is gold or a currency backed by gold. Stop the printing press!
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Exactly.. I think a global Currency, with rates going up and down depending on the G20 Economies would do perfect. If say China's Currency goes down, then points should be decreased. This way were not all so close to the US and get our economy in such big trouble.
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at the moment, dollar should not be touched as a world reserve currency. it would be too dangerous. however, definitely, other big countries should think how to lessen the dependance on dollar, how to diversify the reserve currency.
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Its a good thing that they're together. It would be really great if they challenge the West in anyway possible. The Dollar cant be the international currency anymore USA is just fucked.
2 years ago 3
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Yes, it's wise to deny that BRIC states are aiming to replace the dollar at a time when the dollar is being replaced as the currency of choice.
Any suggestion otherwise would create even more chaos on Wall Street than is already the case.
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World need more reserve currencies, it's normal and it's common sence. We had one world reserve currency and what do we have? fuckin crisis, artificially created by Federal Reserve and US elite.
It will demand a lot of time, but it is very necessary for future safety. Rouble must become regional reserve currency, And first, Russia must do all actions with oil and gas selling in roubles.
igorvasilevsky 2 years ago 4
yeah. There should be agreed new regional currencies such as yuan, rouble, dinar and latin american currency, as well as increasing role of IMF bonds and SDR. Anglo-saxon schemes and currencies should just go away.
VictorWasechkin 2 years ago 3