
Episode 20: Weekly Roundup 09.04.2023
Peter St Onge Podcast
Interest in BRICS: Free Chinese Money and Weaponization of the US Dollar
This chapter explores the motivations behind 40 countries seeking to join BRICS, including the allure of free Chinese money and concerns over the weaponization of the US dollar. It highlights the benefits of accessing the BRICS Development Bank and China's subsidized loans, as well as the cautionary approach towards holding dollars due to the US government's actions and discusses the potential of a gold-backed rail and China's declining economy.
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