BRICS nations have revealed they will “create an international reserve currency,” which analysts believe means challenging the U.S. dollar and International Monetary Fund Special Drawing Right (SDR) currencies. In addition, Donald Trump has warned of a U.S. depression, Robert Kiyosaki, author of Rich Dad, Poor Dad, says the “biggest bond crash” in over 200 years is coming, and FTX CEO Sam Bankman-Fried has put “hundreds of millions of dollars like never before” into supporting digital currency companies He said he is ready to do so. Back up for another Bitcoin.com Newsweek in Review.
U.S. Dollar Hegemony. Russia, China, BRICS nations plan to create new international reserve currency
With inflation data from the U.S. and Europe rising sharply over the past month, Russia and members of the BRICS nations have revealed that the leaders of the five major emerging economies are in the midst of “creating an international reserve currency.” Analysts believe the BRICS reserve currency is meant to compete with the U.S. dollar and the International Monetary Fund’s (IMF) Special Drawing Rights (SDR) currency.
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Donald Trump Warns U.S. Economy Faces “Much Bigger Problems Than Recession” – “There Will Be A Depression”
Former President Donald Trump has warned that the U.S. economy faces “much bigger problems than a recession.” We are going to have a depression,” he noted, stressing, “We are going to have a depression.” If we don’t get this country going, we are going to have serious problems.”
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FTX backs Voyager customers, CEO says willing to put “hundreds of millions of dollars” to help crypto industry
{48 helping Voyager customers; CEO says he’s willing to spend “hundreds of millions of dollars” to help crypto industry.
Sam Bankman-Fried, founder and CEO of leading exchange FTX, has offered to provide early liquidity to Voyager Digital customers, according to an announcement released by FTX on July 22. Additionally, Bankman-Fried discussed the crypto industry in an exclusive interview with CNBC, noting his willingness to deploy “hundreds of millions more than what we have so far” to help digital currency companies affected by the crypto market downturn.
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Robert Kiyosaki Warns of “Biggest Bond Crash Since 1788” – Wait for Bitcoin to Buy Low
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Famous author of the best-selling “Rich Dad, Poor Dad” Robert Kiyosaki warns of the “biggest bond crash since 1788.” He stressed that the “real problem” lies in the bond market, which is “40 times” the size of the stock market. He is waiting for the price of bitcoin to fall further to buy some.
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