Commentary
It’s long been reported by The Epoch Times that China—and more recently due to the ongoing war, Russia—has been keen to see the U.S. dollar knocked from its perch as the biggest global reserve currency.
Russia and China have now begun working on that, which isn’t a surprise. But what is a surprise is the announcement that several emerging market nations are working on it together with Russia and China. Russia Today (RT)—a Russian state-owned English-language media—reported in June Russian President Vladimir Putin announced that BRIC nations including Russia, China, India, Brazil, and South Africa are working on setting up a new global reserve currency….