- cross-posted to:
- socialism@lemmy.ml
- anarchism@lemmy.ml
- cross-posted to:
- socialism@lemmy.ml
- anarchism@lemmy.ml
“This credit crunch, triggered by the fight against inflation in Western countries, is an important factor in the huge rush to join the BRICS group. Many crisis-ridden countries, such as Argentina and Venezuela, which are currently seeking membership, are simply hoping to tap alternative sources of financing – especially from China.”
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Fight against inflation in Western countries?
Argentina inflation rate is 116% !!!
Venezuela 404% !!!
And there is no credit crunch, it’s a liquidity crunch
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Yeah this is the rumour that’s circulating but there haven’t been any formal announcements about BRICS currency.
I think the bank is happening though.
Money and Macro has an excellent video clarifying this.
Here is an alternative Piped link(s): https://piped.video/watch?v=49iLl-V4xos
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I’m open-source, check me out at GitHub.
Yup, I can confirm this firsthand by quoting my South African friend:
Dude I don’t give a shit, we just want to destroy the US and then invade Europe.
Pretty based stuff huh?
