Hi Lena ,thank you for your very well done articles .Russia will be taking the lead for the BRICS starting
Jan 1 2024 ,and sets the agenda Russia wants to push for Gold backing, China and India wants to hold
off at this time ,the difference is that both China and India are major energy importers so they are satisfied exchanging their currencies rather than gold ,Russia on the other hand is a net exporter does
not require all the varies currencies from other countries ie ( India ) because they intend to be self sufficient and they will have a trade in balance in their favor , much less so for China ,their trade
will go exponentially as China will want Russia to supply all the energy to China mins the long term contracts that China has to evert the mid-East, travel by sea ,insurance cost, time delays , security ,
and most pipe lines for gas and oil over land rather that sea except for the Russian Artic sea route .
If the BRICS + goes toward Gold ,the Dollar will slide very fast ,we shall see.
Hi Lena ,thank you for your very well done articles .Russia will be taking the lead for the BRICS starting
Jan 1 2024 ,and sets the agenda Russia wants to push for Gold backing, China and India wants to hold
off at this time ,the difference is that both China and India are major energy importers so they are satisfied exchanging their currencies rather than gold ,Russia on the other hand is a net exporter does
not require all the varies currencies from other countries ie ( India ) because they intend to be self sufficient and they will have a trade in balance in their favor , much less so for China ,their trade
will go exponentially as China will want Russia to supply all the energy to China mins the long term contracts that China has to evert the mid-East, travel by sea ,insurance cost, time delays , security ,
and most pipe lines for gas and oil over land rather that sea except for the Russian Artic sea route .
If the BRICS + goes toward Gold ,the Dollar will slide very fast ,we shall see.
Have a nice weekend
Thomas
that China has
Love that I get this via email. Keep up the great work Lena!!