Entry Submitted by Danlboon at 7:41 AM ET on October 22, 2024
Without me knowing the specifics of how the BRICS ‘Unit’ Currency will be exchanging between each other maybe I can simply explain in yours and my terms.
From Arcadia Economics:
“Last week, BRICS member nations demonstrated their BRICS-Pay card system, which aims to facilitate smoother transactions between member countries and enhance trade efficiency. Designed as a digital payment platform, BRICS-Pay seeks to provide an alternative to Western-dominated financial systems, enabling member states to conduct trade and transactions in their local currencies.”
“During the demo, the BRICS-Pay website unveiled a note discussing the potential introduction of a common currency referred to as the ‘Unit.’ This intriguing concept has sparked debates about the feasibility and implications of a shared currency among BRICS nations. While specifics regarding the currency’s structure remain scarce, the idea is to further integrate the economies of BRICS members and strengthen geopolitical ties in the face of an evolving global economy.”
Over the last 50+ years we have had the Petro Dollar based on the exchange price of oil and going further back it has been based on the US Dollar, the Federal Reserve Note, as the primary exchange where these are like the middleman of each other country’s currencies.
Now for how I see it it maybe as simple as using the BRICS-Pay card as the middleman of like the ‘money changers’ in the church in Christ’s time, but back then they were scammers, yet today it may be connected directly to the world economic stock exchange as to the value of each currency based on gold and other precious metals, like with the upcoming RV.
You may not need an actual ‘BRICS-Pay card’, but where you do exchange your currency they will have one or on their computer like at a bank or port of entry, yet those that trade commodities or you purchase items on the internet they will have it in their computer system.
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This is where you can go directly digital or trade one currency for another in cash based on that currency rate at that moment of time and not have inflation or deflation going as being deceived on your end while holding that currency for days, weeks or years while it changes price without you knowing it.
We will know soon enough, but I wanted to get you a heads up on simpler terms before we actually get the proper info if I am right on this.
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Danlboon
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