Thanks My Ladies for letting us share from your private chatroom
Princess DD: ML? How can China go into the SDR when they are part of the BRICS?
MY LADIES: BRICS IS STRIVING TO BE A NET POSITIVE BANK AND REPRESENT THE NEW BANKING SYSTEM..
THE SDR IS THE COMPOSITION THAT VALUE OF A CURRENCY IS MEASURED AGAINST..
SO THE END GAME IS ALL THE CURRENCIES IN ALL THE WORLD WILL BE VALUED ACCORDING TO SDR MODEL..DO YOU UNDERSTAND??
PrincessDD: Yes but BRICS is an alternative banking system only?
MY LADIES: AN ALTERNATIVE MODEL IS A MORE ACCURATE EXPLANATION..
PrincessDD: BRICS will use SDR as the measure?
MY LADIES: WELL THE CURRENCIES OF BRICS...YES THAT BEING CURRENCY FROM BRAZIL, RUSSIA, INDIA, CHINA, AND SOUTH AFRICA
PrincessDD: IS the same people controlling the dollar controlling the SDR?
MY LADIES: SEE THS MORNING YOU POSTED THAT RUSSIA AND CHINA WANT OUT FROM THE USD RIGHT?? SO WHAT DOES THAT MEAN EXACTLY??
MY LADIES: WELL IT MEANS THEY DO NOT WANT THEIR CURRENCY EXCHANGE PEGGED TO THE USD..THEY ARE PUSHING FOR THE SDR MODEL TO DETERMINE VALUE..
PrincessDD: Why do they have to peg at all? Cant they stay in a free float or is that problematic?
MY LADIES: YOU SEE RIGHT NOW WITH THE USD BEING PRIMARY PEG AND ALL THINGS PEGGED TO USD MARKETS AND FULL ECONOMIES ARE ACTING BI-POLAR ALMOST...
BASED ON THE RISING OF THE DOLLAR IS DETERMINING HOW THEY WILL CONDUCT THEMSELVES..
MY LADIES: WELL THEY CAN NOT STAY IN FREE FLOAT FOR EVER..
PrincessDD: Oh, if the same people controlling the dollar are controlling the SDR, will that eventually go bi-polar too at some point?
MY LADIES: NO BECAUSE THE IMF DETERMINES THE WEIGHTS AND THE VALUES AND THERE IS FIX FOR THE BI POLAR DIS ORDER..
Joey: Thanks Mary for the explanation
PrincessDD: Some days I think I wake up in a whole new world!
Buddy: With head spinning? I know I sure do.
Joey: Well, Princess, it definitely is a changing world.
SAGER -: Yes BRICS and SDR are two entirely different animals.
BRICS represents a group of nations offering an alternative to the western banking world, whereas SDR is a composite of a group of different currencies that all other currencies will weigh against.
The nations within BRICS all have their own currency, but they will all eventually peg to the SDR…..This is my understanding so far