Posted 1/11/2024, 8:30:23 PM
Ramaswamy Warns BRICS Currency Poses Major Threat to Dollar's Reserve Status, Risking Higher US Borrowing Costs
- Vivek Ramaswamy calls proposed BRICS common currency a major threat to the US
- Says it could permanently increase US borrowing costs by replacing dollar as global reserve currency
- Believes it's happening at the worst possible time given US debt levels
- Proposes pegging dollar to commodities to increase its value proposition
- Says the Fed's mandate should be keeping the dollar stable to combat this threat