6 New Countries Invited to Join the Brics

[guyfriday]

UN is the right idea but poor execution.

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I highly doubt that the dollar gets replaced.

Oil is very important but other things are also important. The US has its problems right now but the stability of the US, broadly, is unmatched.

A thinking nation won’t put their reserves in the currency of a centrally planned government or a provocative nation like Russia.

Also let’s not forget we use a lot less oil/$GDP now than we did in the past - ans that trend will continue - which will harm the oil producing nations.

Dollar is likely here to stay for the time being.

The dollar doesn't have to go anywhere, it just needs to be back by the gold standard instead of the "fair-market" that is used today.