creating a new BRICS-based reserve currency. In Shanghai, Lula voiced his curiosity about the world’s dependence on the greenback.
“I ask myself every night why all countries have to base their trade on the dollar,” Lula emphasized. “Why can’t we trade using our own currencies? Who decided that the dollar would be the dominant currency after the gold standard disappeared?” he inquired. Financial Times reporters Joe Leahy and Hudson Lockett concluded their report on Lula’s statements by noting that any efforts to undermine the U.S. currency “in the near term will face a substantial challenge.” They highlighted that Brazilian miners regularly engage in dollar-denominated trades. However, officials from Brazil and the BRICS nations are not alone in discussing the potential decline of the dollar’s dominance.in an interview that the greenback’s prominence will gradually diminish.
What a joke. Criminal commie trying to fool and lure people into his domain.
Finally good idea from the politician
Yes! Then back your currency 1-1 to local commodities, precious metals, and BTC BOOM!
This is what brics is doing
Brazil is a failed state. If other countries take their cues from them they are in trouble.
His not wrong. No one likes to be controlled or sanctioned due to double standards. People with understand this when they fall for the CBDC propaganda that the governments are trying to sell them. To Control them. Perfect Example with US dollar abandonment.
SecBlinken you seeing this?
He is wise, but it is not so easy to change.
With a little luck this communist catches some flu in China and I no longer have to see him in the portuguese parliament. There are enough thieves and corrupt already there.
The WEF sponsors all kinds of corrupt people... it was the WEF that helped this communist to win the elections.
This communist will disgrace Brazil as he has done in the past. Bad is a country that elected a corrupt convict again for president. Friend of Putin, Xi, Chaves and many other dictators. Do you prefer to accumulate dollars or real?
The premise is that if the domestic currency is unstable, it may have a negative impact on investment, because investors are unwilling to put their funds in an environment that is not stable.
Our dollar is the only reason your country still stands today. Remember the Olympics in Rio? Can’t think of a better example of watching you put your citizens hard earned dollars to work; but instead that money went in your pocket!
Never trust a drunk president
Is the ignorant LULA an economist?
20233 willl changee everything...
It started...
Totally agree, but I only use ChiefraFba for signals and analysis
Truuuuu
Amazing stuff, I only use ChiefraFba for signals and analysis.. 92% win rate in 2 months of copying his signals!