MikeCristo8
@MikeCristo8
The whole point of the BRICS alliance is to stabilize the Middle East oil markets away from the dollar SWIFT payment systems.
This involves having a new currency to settle your Middle East oil trade.
BRICS is likely to introduce a *small basket of currencies backed by oil and gold.
That will reset oil back onto a gold standard.
Doesn’t everyone realize that the liquidity problems faced by banks is.
Because the dollar no longer settles the oil trade.
China is devaluing the yuan against gold to get oil onto a gold standard.
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Source(s):
https://x.com/MikeCristo8/status/1846174221526819033
https://x.com/MikeCristo8/status/1846374489510302127
https://x.com/MikeCristo8/status/1846433218339414174
https://x.com/MikeCristo8/status/1846526357163082227
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