Originally published by Gatestone Institute
Commentary
“The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” said Vladimir Putin in June, at a meeting of the BRICS—Brazil, Russia, India, China, South Africa—grouping.
Russia and China have launched another attempt to develop a “new global reserve currency.” In other words, they are again attacking the dollar.
A “coordinated global challenge taking place to the U.S. dollar … would be the biggest news story in decades,” writes “Tyler Durden,” the pseudonym for in-house staffers at the ZeroHedge site. Durden is “stunned that nobody seems to care that arguably the largest shift on the global macroeconomic playing field over the last half century may be taking place.”…