The BRICS nations have revealed that they are “creating an international reserve currency” that analysts believe is intended to challenge the US dollar and the International Monetary Fund’s Special Drawing Rights (SDR) currency. Moreover, Donald Trump warns of a recession in the US, Robert Kiyosaki, author of Rich Dad Poor Dad, says we’re experiencing “the biggest bond crash” in more than 200 years, and FTX CEO Sam Bankman-Fred says he’s ready to publish ” Hundreds “in the millions beyond what we have so far” to help crypto companies. Get ready for another week of Bitcoin.com News in Review.
Targeting the hegemony of the US dollar: Russia, China and the BRICS countries plan to forge a new international reserve currency
While inflation data in Europe and the United States rose significantly last month, Russia and members of the BRICS nations revealed that leaders in the five major emerging economies are in the midst of “creating an international reserve currency.” Analysts believe that the BRICS reserve currency aims to compete with the US dollar and the International Monetary Fund’s Special Drawing Rights (SDR) currency.
Donald Trump warns the US economy is facing a “much bigger problem than a recession” – “we’re going to have a recession”
Former President Donald Trump has warned that the US economy faces a “much bigger problem than a recession”. Pointing out that “we will get depressed,” he stressed, “We have to make this country go, otherwise we will have a serious problem.”
FTX To Help Voyager Customers, CEO Says He’s Ready To Deploy ‘Hundreds Of Millions’ To Help Crypto Industry
The founder and CEO of the leading FTX exchange, Sam Bankman-Fried, is offering early liquidity to Voyager Digital clients, according to an FTX announcement published on July 22. Moreover, Bankman-Fried discussed the crypto industry with CNBC in an exclusive interview, noting that he was willing to deploy “hundreds of millions beyond what we have so far” to help crypto companies affected by the crypto market downturn.
Robert Kiyosaki Warns of ‘Biggest Bond Crash Since 1788’ – Waiting to Buy Bitcoin at Lower Price
Robert Kiyosaki, famous author of the bestselling Rich Dad Poor Dad, warned of “the biggest bond crash since 1788.” He stressed that the “real problem” is the bond market, which is “40 times bigger” than the stock market. He is waiting for the bitcoin price to drop further to buy some.
Do you think the BRICS countries will succeed in creating a new international reserve currency? If so, will it challenge the dominance of the US dollar? Make sure to let us know in the comments section below.
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