Nations Push To Launch Global Currency And Kill US Dollar

It’s been just revealed the fact that the BRICS nations are pushing the launch of a new global currency, and they plan to ditch the US dollar. Check out the latest reports below.

The US State Department is responding to reports that the group of economically-aligned nations known as BRICS is preparing for a major expansion.

The group is planning to launch a global currency to compete with the US dollar. It’s also important to note the fact that it has drawn interest from more than a dozen countries that want to join in.

The list of potential newcomers includes several nations across Africa, and State Department officials tell Fox News that current US policy will not interfere with African or other nations looking to join in.

“We lead with an affirmative agenda for Africa, demonstrating the benefits of our governance and economic models.

US policy does not ask our partners to choose between the United States and other countries.”

As the online publication the Daily Hodl notes, the State Department officials say the agency’s intent with international partners is focused on “boosting democratic governance, human rights, and economic opportunity, as opposed to controlling economic alliances.”

Macro Investor Bert Dohmen just issued a dire warning on the future of the US and global economy.

In a new interview with Stansberry Research, the founder of Dohmen Capital Research says anyone who believes the banking crisis is over is engaged in wishful thinking.

“We have three of the biggest banking failures in US history within six days and everybody’s pretending this is a one-off event that won’t happen again.”

He continued and said the following:

“This is the tip of the iceberg, and if you know about icebergs you know one-seventh of the iceberg is above water. That means six-sevenths of the iceberg is below water and that’s going to sink everybody else.”