- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
China, Brazil strike deal to ditch dollar for trade
Posted on 3/29/23 at 7:39 pm
Posted on 3/29/23 at 7:39 pm
quote:
BRASILIA - China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary, the Brazilian government said on Wednesday, Beijing’s latest salvo against the almighty greenback.
The deal will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to conduct their massive trade and financial transactions directly, exchanging yuan for reais and vice versa instead of going through the dollar.
China is Brazil’s biggest trading partner, with a record US$150.5 billion (S$200 billion) in bilateral trade last year.
The deal, which follows a preliminary agreement in January, was announced after a high-level China-Brazil business forum in Beijing.
LINK
27
Posted on 3/29/23 at 7:41 pm to RLDSC FAN
The dollar will become regionalized to the US and Europe. Whatever.
Posted on 3/29/23 at 7:41 pm to RLDSC FAN
Posted on 3/29/23 at 7:41 pm to RLDSC FAN
New socialist govt inks deal with China.
Wonder if this spreads in S. America?
Wonder if this spreads in S. America?
Posted on 3/29/23 at 7:42 pm to RLDSC FAN
Posted on 3/29/23 at 7:43 pm to RLDSC FAN
BRICS is a real threat to the complete collapse of the dollar
Posted on 3/29/23 at 7:43 pm to GeorgeTheGreek
quote:
Whatever.
That's a lot of whatever.
Posted on 3/29/23 at 7:44 pm to DCtiger1
quote:this sounds like hyperbole
BRICS is a real threat to the complete collapse of the dollar
Posted on 3/29/23 at 7:45 pm to GeorgeTheGreek
I’m quite sure you do not understand the implications of what you are generally dismissing. About like first class passengers of the titanic, well we just hit an ice burg, but this ship is indestructible, so whatever....
Posted on 3/29/23 at 7:50 pm to LSU Neil
A new world order consisting of India and China, who hate each other and have their own unending border conflict, a mafia state currently involved in a failed war that is destroying their country’s military and economic future, a failed state with frequent power outages run by one of the most corrupt governments in the world and… Brazil. Oh no.
Posted on 3/29/23 at 7:51 pm to WestCoastAg
quote:
this sounds like hyperbole
Maybe, but it's not.
Posted on 3/29/23 at 7:51 pm to RLDSC FAN
That’s not a good thing.
It’s the start of something the US really doesn’t want to see happen
It’s the start of something the US really doesn’t want to see happen
Posted on 3/29/23 at 7:54 pm to RLDSC FAN
quote:
Beijing’s latest salvo against the almighty greenback.
Kinda racist.
Posted on 3/29/23 at 7:54 pm to LSU Neil
quote:
I’m quite sure you do not understand the implications of what you are generally dismissing. About like first class passengers of the titanic, well we just hit an ice burg, but this ship is indestructible, so whatever....
Imagine a world where the USD collapses and it’s actually good for China…
Posted on 3/29/23 at 7:58 pm to GeorgeTheGreek
quote:
The dollar will become regionalized to the US and Europe. Whatever.
Posted on 3/29/23 at 7:59 pm to RLDSC FAN
The dollar will not be the world currency in the next twenty years. We have completely devalued it. The shell game only lasts so long.
Posted on 3/29/23 at 8:03 pm to BigPerm30
quote:
The dollar will not be the world currency in the next twenty years. We have completely devalued it. The shell game only lasts so long.
, it’s worth almost exactly the same today as it was 25-years ago against a global currency basket. Posted on 3/29/23 at 8:06 pm to slackster
quote:
it’s worth almost exactly the same today as it was 25-years ago against a global currency basket.
What global currency basket store you going to? I can’t get out of the grocery without spending $150 on a half filled cart.
Posted on 3/29/23 at 8:09 pm to RLDSC FAN
Burn in hell democrats
Page 1 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News