RUSSIA Now Fully Commited With Rest of BRICS To DESTROY Reserve Currency Status
Of DOLLAR
The status of the US dollar as the world
reserve currency gives the US a number of advantages over other countries. The
world’s most important commodities are priced and traded in dollars, even if
most of these commodities are not produced in the US. The fact that the world’s
financial system is based on the dollar allows the Federal Reserve to export
inflation to other countries, while the
Federal Government runs a huge
deficit with impunity.
So far, only China has been active in
challenging the dollar supremacy. .. Now, it
seems that Beijing has found an ally in the Kremlin. And there appears to be a consensus between the BRICS
countries: the urgent necessity to dismantle the dollar system.
A week before the recent BRICS summit in
Durban, the Kremlin administration has silently produced a document which
describes the Russian strategy in the context of BRICS cooperation. The document
makes for a fascinating read for anyone brave enough to plow through the dense
Russian legalese. The strategy has been designed in the “inner circle” of
Vladimir Putin’s team, so it is safe to assume that it represents the official
view on the BRICS future.
Read
more at http://investmentwatchblog.com/russia-now-fully-commited-with-rest-of-brics-to-destroy-reserve-currency-status-of-dollar/#ZyZ2bVpEXhLdhcHd.99
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