Old Project Avalon Forum (ARCHIVE) - Brazil will not use US$ for trade

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Brazil will not use US$ for trade

Hi Everybody,

Some time ago I posted a thread about Brazil and Argentina using their individual currencies to trade between the two countries, instead of using the $ as a common currency. There was also talk to include other Mercosur countries in this form of international trade.

After the G20 summit, President Lula of Brazil also suggested this to the Chinese President Hu Jintao, that instead of using the $ in international transactions between the two countries, they could be realized using the Brazilian Real and the Chinese Yuan.

Do you think that Lula knows something we don't?

http://www.bbc.co.uk/portuguese/noti...ulachina.shtml

Best regards,

Steve

P.S. I just remembered something. Didn't the G20 come up with a plan to make another common currency? Why would Lula ignore that and want to deal directly with the Chinese?

Re: Brazil will not use US$ for trade

Hmmm, do I think the dollar might fall due to credit issues??? Not if, when... Oh, how I'd like to be wrong.

Re: Brazil will not use US$ for trade

Quote:

Originally Posted by alyscat (Post 125768)

Hmmm, do I think the dollar might fall due to credit issues??? Not if, when... Oh, how I'd like to be wrong.

Only things heavier than air can fall.:naughty:

Re: Brazil will not use US$ for trade

I noticed on some of the videos from G20 president Lula was being very friendly to Obama. You bet they know something we don't. They like secrets that's what keep them in power.