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0 sats \ 1 reply \ @kristapsk 14 Feb \ parent \ on: US-Senate Passes $95 billion Bill For Wars In Ukraine And Israel news
No, it does not! Central bank having some gold reserves doesn't mean it's currency is backed by it.
And I would not even call BRICS a "block". Common, there is both India and China there which literally have military skirmishes on border from time to time.
have you really missed the steps towards de-dollarization in recent months? that even a country like Saudi Arabia, which was a founding member of the pedrodollar, is now factoring in Chinese currency or rubles? that can't be right. Putin also described this in detail in the interview: the time of recycling the US dollar in all possible regions of the world and the return through US government bond purchases is slowly coming to an end. a shift in power is taking place here on a geopolitical level, which means that even people like Janet Yellen have to travel to China every few months to beg the Chinese to please buy a few billion in government bonds
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