US Dollar’s Days Are Numbered as BRICS Meet

[CHASHA FARMING]

[h=1]US Dollar’s Days Are Numbered as BRICS Meet[/h]BRICS summit in Brazil







NEW YORK, JULY 15 (RIA Novosti) – A summit of major emerging “BRICS” economies in Brazil is the latest sign of the decline of the US dollar as the standard global currency for reserves and trading, James Rickards, author of Currency Wars told RIA Novosti.
“We see the BRICS’ desire to shift away from the dollar, a unified Eurozone with a sovereign bond market waiting in the wings and a requirement on the International Monetary Fund to re-liquefy the world when the next financial crisis hits,” Rickards said.


“Put all that together and you see that the dollar’s days are numbered,” he added.
Envoys from Brazil, Russia, India, China, and South Africa (BRICS) are in Fortaleza, Brazil, for a July 15-16 summit on launching two $100bn BRICS finance organs for funding new roads, power plants and other schemes in emerging economies.


“BRICS share one common goal in that they have all voiced objections to the dollar as the principal reserve currency and the impact of US Federal Reserve policy on emerging markets, which the Fed pays very little attention to,” Rickards noted.


“By shifting its policies, the Fed massively affects foreign currencies and makes it difficult for them to plan investments. BRICS members share a desire to end dollar hegemony. It’s easier said than done, but they’re trying,” concluded the analyst.


The five BRICS states represent about one-third of the global population and a combined economy of some $13.6 trillion. Critics describe a disparate group that delivers much anti-Western rhetoric but little concrete actio
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[lee Vladimir cleef]

mkuu sijui mambo ya kiuchumi lakini nionavyo idadi ya watu wa nchi waanzilishi wa BRICS kweli wakiamua kuepuka kuitumia USD, hakika dolla itatingishika, na kama wakiweza kuzishawishi nchi nyingine kuungana nazo kuiepuka basi dunia itashuhudia mageuzi makubwa.ona uwingi wa Wachina,Wahindi,Wabrazili sio habari ndogo hii.

 

[East African Eagle]

mkuu sijui mambo ya kiuchumi lakini nionavyo idadi ya watu wa nchi waanzilishi wa BRICS kweli wakiamua kuepuka kuitumia USD, hakika dolla itatingishika, na kama wakiweza kuzishawishi nchi nyingine kuungana nazo kuiepuka basi dunia itashuhudia mageuzi makubwa.ona uwingi wa Wachina,Wahindi,Wabrazili sio habari ndogo hii.

Suala hapa si kukubali au kukataa dola suala ni je nchi hizo za BRICKS zina biashara kubwa kati yao zenyewe kwa zenyewe na kuweza kufanya mabiashara makubwa na mataifa mengine kiasi cha kushawishi watu wa nchi zao na mataifa mengine waiponde dola?

Dollar is just a medium of exchange.Marekani inafanya mabiashara mengi makubwa ya mapesa mengi na mataifa mengi duniani kuliko hayo mataifa ya BRICKS.Mfano rahisi kuna biashara gani kubwa kati ya Tanzania na Brazil na India kiasi kuwa yaweza fanya watanzania waaamue kuiponda dola na kushupalia hela ya india au brazil ambao ni mojawapo wa hao BRICKS?

 

[seanherms]

Suala hapa si kukubali au kukataa dola suala ni je nchi hizo za BRICKS zina biashara kubwa kati yao zenyewe kwa zenyewe na kuweza kufanya mabiashara makubwa na mataifa mengine kiasi cha kushawishi watu wa nchi zao na mataifa mengine waiponde dola?

Dollar is just a medium of exchange.Marekani inafanya mabiashara mengi makubwa ya mapesa mengi na mataifa mengi duniani kuliko hayo mataifa ya BRICKS.Mfano rahisi kuna biashara gani kubwa kati ya Tanzania na Brazil na India kiasi kuwa yaweza fanya watanzania waaamue kuiponda dola na kushupalia hela ya india au brazil ambao ni mojawapo wa hao BRICKS?

Je hapa?Tanzania+China Vs USA+Tanzania? Unadhani ushawishi hakuna?na China inafanya biashara na nchi nyingi za Africa kuliko US

 

[nyumba kubwa]

Kutokana na utabiri wa huyo mtalamu wa maswala ya fedha kuna mabadiliko yanaweza tokea...na si hajabu kwani tulianza na gold standards; ikafa ikaja dollor...na yenyewe ikifa hakuna cha hajabu...mbona Eu wana tumi Euro; kwani ni lazima dolor i dominate soko la dunia?

Je hapa?Tanzania+China Vs USA+Tanzania? Unadhani ushawishi hakuna?na China inafanya biashara na nchi nyingi za Africa kuliko US

 

[Somoche]

Haya mambo yalimuua Ghadafi, alitaka tuwe na Bank kuu ya Afrika na pia IFM yetu wenyewe yaani AMF-African Monetary Fund..sasa kwa hawa BRICS naamin nchi zingine tukiungana nao tutaachana na yale mauaji ya ULAYA...NA US