BRICS countries have revealed they are “creating an international reserve currency” analysts believe is meant to challenge the US dollar and the International Monetary Fund’s Special Drawing Rights (SDR) currency. Plus, Donald Trump warns of a depression in America, Rich Dad Poor Dad author Robert Kiyosaki says we’re in for the “biggest bond crash” in more than 200 years, and FTX CEO Sam Bankman-Fried says To say that he is ready to deploy “hundreds”. Much more than what we have so far to help digital currency companies. Gear up for another Bitcoin.com news week in review.
Targeting US dollar hegemony: Russia, China and BRICS nations plan to create a new international reserve currency
While inflation figures in Europe and the US rose significantly over the past 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 is meant to rival the US dollar and the Special Drawing Rights (SDR) currency of the International Monetary Fund (IMF).
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Donald Trump warns US economy faces ‘a bigger problem than recession’ – ‘we will have a depression’
Former President Donald Trump has warned that the US economy is facing “a bigger problem than a recession”. Noting that “we will have a depression,” he insisted: “We have to go to this country, or we’re going to have a serious problem.”
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FTX to Help Voyager Customers, CEO Seeks to Deploy ‘Hundreds of Millions’ to Help the Crypto Industry
According to an FTX announcement published on July 22, Sam Bankman-Fried, founder and CEO of major exchange FTX, has offered Voyager Digital customers quick liquidity. In addition, Bankman-Fried had an exclusive discussion with CNBC on the crypto industry. interviewed, and noted that he was prepared to deploy “the hundreds of millions we have so far” to help digital currency companies affected by the downturn in the crypto market.
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Robert Kiyosaki Warns of ‘Biggest Bond Crash Since 1788’ – Waiting to Buy Bitcoin at Low Prices
Robert Kiyosaki, the famous author of the best-selling book Rich Dad Poor Dad, warns of the “greatest bond crash since 1788”. He stressed that the “real problem” is in the bond market, which is “40 times bigger” than the stock market. He is waiting for a further drop in the price of bitcoin to buy something.
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Do you think the BRICS nations will be successful in creating a new international reserve currency? If so, will it challenge the dominance of the US dollar? Be sure to let us know in the comment section below.
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