RE: Bank of Russia Seeking a Gold-Backed Cryptocurrency? Is This the Cornered Bear’s Attempt at Undermining the U.S. Dollar?

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Bank of Russia Seeking a Gold-Backed Cryptocurrency? Is This the Cornered Bear’s Attempt at Undermining the U.S. Dollar?

in bank •  5 years ago 

Not just Russia but China as well. The de-dollarization process has been going on for a while and is accelerating lately. Just look at the creation of CIPS (spearheaded by China) and Instex (pioneered by Germany and France, and Russia, Turkey, and other European countries are climbing on board), and the gold-oil-RMD triangle between China and other oil producing nations, one should not doubt the determination of the world to de-couple itself from the king dollar.

bank
5 years ago by

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