Argentina & Brazil Announce Discussions to Create Common Currency to Break Away from Using US Dollar

[TexasTowelie]

ARGENTINA & BRAZIL have announced that they are in discussions to create a common currency to break away from using the US Dollar. Argentina is currently facing ECONOMIC MELTDOWN as Inflation hits 93%, the PESO has Crashed in value and the IMF is stalling on the Record Breaking $57 BILLION Bailout Deal which is needed to service its debt and to fuel the Economy. Brazil is in far better Economic Health but has faced a number of POLITICAL fiascos over recent years and has recently re-elected its old President Lula. In this video I provide more background on the discussions, the Motivation for this move and the likely timetable for the introduction of a Common Currency.

Chapters:
0:00 Intro
2:41 ARGENTINA & BRAZIL
4:31 EURO
9:57 MOTIVATION
12:23 STABLECOIN
14:19 SUMMARY & CONCLUSION

[rainy]

1. IMF is not a good org. Their involvement

wrecks countries and robs them of their natural resources!

[oldsoftie]

2. Countries use the dollar because they know its backed by the Govt & its "fairly" stable.

These other currencies are far more likely to be manipulated or defrauded.