6 states siding against a supreme court decision to deny access to federal authorities seems big, if thats happened in my lifetime I've not heard of it before

  • Kaplya
    ·
    10 months ago

    BRICS Bank Aims to Increase Local-Currency Borrowing to 30%

    • Dollar funding will continue to dominate, CFO Maasdorp says

    But the majority of the bank’s funding — about 70% — will continue to be denominated in dollars, he said.

    “The bank’s capital is in US dollars. Our reporting currency is US dollars. So the dollar is hot-coded in the DNA of the bank,” he said.

    No shot. Everyone’s dragging their feet about de-dollarization at BRICS. My biggest disappointment of 2023, after all the encouraging talks about doing it during the 2022 summit.

    • bbnh69420 [she/her, they/them]
      ·
      10 months ago

      I gotta be honest, nothing has made me despise dollar hegemony like your posting. Truly removed the blinders I had that had me coping re: BRICS

      • Kaplya
        ·
        10 months ago

        As you should. I try to raise awareness about how dangerous the dollar can be because too many people think that the US empire is on the brink of collapse just because it is losing a few wars currently, forgetting that the US has lost near every war since 1945 except maybe for the 1991 Gulf War and still managed to dominate the world like nothing has happened.

        • bbnh69420 [she/her, they/them]
          ·
          10 months ago

          Accurate materialist analysis is anathema and antithetical to Western mindsets, even those with slightly wider lenses