Bankers came to the King and said, “We can help spread your influence and power by distributing your currency; by … More
Category: currencies
Interbank Market News Scan: The Indian Rupee had been gaining strength against the US dollar over the last week.
In the grand scheme , the data I am looking at is more of a snap shot, but has me asking if India plans to do the practical thing and maintain good currency relations with the U.S. and the BRICS?
What should your currency be backed by? Deposits of gold, silver, land, food, and knowledge.
Currency derives its value from the underlying money we spoke of earlier. Currency is a promise that per one unit of this derivative we receive some portion of the underlying money. Currency not only is a derivative, it’s a bond, a promise to pay real money, but in this case, a promise that is not backed by real money.
What will be the impact on Black Americans of a new BRICS reserve currency?
Failure to see how US policy exacerbates potential damage to America’s reserve currency status is another major fail of black political leadership. The impact on black households will be negative one.
Alton Drew 