TechFlow news — On December 6, according to Bitcoin.com News, economist and bestselling author Jim Rickards recently shared his insights on the true meaning behind Trump's statement regarding tariffs. Rickards pointed out that Trump’s concern about the BRICS common currency is merely a warning, as the group is not actually developing a common currency, but rather building a payment system to facilitate trade using existing national currencies such as the ruble.
However, Rickards emphasized that this focus completely misses the point, because BRICS nations already have a de facto common currency: gold.
Previous report: U.S. President-elect Trump posted on social media stating he would not stand by and allow BRICS countries to attempt to move away from the U.S. dollar. He demanded that BRICS commit to not creating a new BRICS currency or supporting any other currency to replace the dollar, otherwise they would face 100% tariffs.
