It’s starting: “So Long, Yankees! China And Brazil Ditch US Dollar In Trade Deal Before BRICS Summit”

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Killing The DollarFrom InternationalBusinessTimes.com:

China and Brazil agreed to trade in each other’s currencies just hours ahead of the BRICS summit in South Africa.

The deal, which extends over a three-year period and amounts to an exchange of about $30 billion in trade per year, marks the latest effort among two of the world’s largest emerging economies to shift the dynamics of international trade that have long favored the U.S. dollar.

“Our interest is not to establish new relations with China, but to expand relations to be used in the case of turbulence in financial markets,” Brazilian Central Bank Governor Alexandre Tombini said, Reuters reported.

The financial markets, globally, are beginning the process of change.

I don’t think the US will much care for this change.

It’s starting in Cyprus.  Migrating to Italy and Spain.  And now updated with the creation of the BRICS bank — a consortium of Brazil, Russia, India, China and South Africa.

Leaders of the five BRICS nations plan to create a development bank in a direct challenge to the World Bank that they accuse of Western bias.

And there you have it.  “Western bias.”  You can rest assured Mr Obama will do nothing.  He will be “concerned” and “monitoring.”

Leftists will want to tax more and continue spending, printing more money.  We are our own worst enemy and now — our enemies are taking overt fiscal steps against us.

BZ

 

 

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5 thoughts on “It’s starting: “So Long, Yankees! China And Brazil Ditch US Dollar In Trade Deal Before BRICS Summit””

  1. Our biggest enemies are in the United States Government with the very biggest in the (used to be) White House.

    It’s interesting that Brazil is a playing a large role in this as it was only a few years ago that Obama went there and loaned them 2 BILLION dollars to develop oil production off shore and told them the United States wants to be one of their biggest customers….stupid fool. Maybe yes as he is a fool, but maybe not as this could be part of his greater plan to bring us down and even the playing field.

    • You are CORRECT. He wanted THEM to develop their own oil whilst, at the same time, it was ecologically INCORRECT for US to develop OUR OWN OIL.

      Meaning: he couldn’t give a shit less about brown babies in Brazil. They can go to hell. But the babies in the US? Clearly better.

      BZ

  3. hgp I think your right on both counts. He is a fool: and the plan has been to change the playing field all along; but the O-tard is just a puppet. Remove the thought that he is anything other than a useful idiot who is deluded enough to believe that he is one of the elite; and the picture couldn’t be clearer. He’s not the Manchurian Candidate. No, it’s much much simpler. He’s a suck-ass sycophant who actually believes that he is making the decisions fed to him by fascist “world citizens” like Soros.

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