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If it avoids the use of the USD, it is still better for the BRICS goals.
How do they get around that global commodities are stil priced in dollars
Are you honestly asking?
By agreeing a price/exchange rate among themselves.
It is not rocket science. Humans managed to trade with each other for thousands of years before the USA existed, I am sure they will work something out.
And that price/ exchange rate is still going to be tied to every other commodity, and energy, that's priced in dollars...
No. it will not.
Ok, so you agree to sell/exchange beans for oil.
If there is a difference between the value of that to the USD amount then there's an arbitrage opportunity.
Russia is already selling its oil at massive discounts to Brent crude or West Texas price to India and China. You think India isn't profiting when that crude has been refined and it loses its Russia label?
Oh look, it is.
https://www.nytimes.com/interactive/2023/06/22/business/india-russia-oil.html
Again. They do not care. Leaving the influence of the USD is the goal.
Are you too thick to understand this?
Lol, as if people haven't been trying to leave the influence of the dollar since the 60's. Hasn't happened yet
But keep up with the insults, maybe go learn something before you do though. 🤡
https://www.ft.com/content/daa1f8a6-3c49-426c-b08f-2c569837bd6d
You really won't give up on this. Will you.
Why do you care so much?
Is your self esteem tied to the USD?
Is it that anything that paints the USA in a bad light a threat to you?
Ah, so when you have no clue what you're talking about, you deflect and make it about me.
I'm not American, I don't really have strong views on it, but these are just basic facts
You, on the other hand are making wild claims about unseating the dollar with zero references or sources
You're talking out of your arse mate, that's what bothers me. Idiots spreading bullshit.
you can just type your response without insulting.
Oh, a joke account!
So glad you your dad was too drunk to pull out...