Goldilocks’ Comments and Global Economic News Thursday AM 10-19-23
Good morning,
“BRICS: US & Europe May Soon Need Local Currencies to Buy Oil”
The move from the Petro Dollar to local currencies in buying oil will increase demand for local currencies and decrease dependency on the Petro Dollar.
This will level the playing field in local currencies around the world in their purchase of oil. And, it will create new demands on currencies that once utilized the dollar as a World Reserve Currency in purchasing oil.
More demands for currencies other than the Petro Dollar will create price pressures on many of the local currencies that you and I hold.
More demand equals more value…
© Goldilocks
https://watcher.guru/news/brics-us-europe-may-soon-need-local-currencies-to-buy-oil
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BRICS Is Now Richer Than G7 Countries
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