Disliked{quote} I think majority of the BRICS member CB's Balance Sheet will reduce their balance sheet on US treasuries and Dollar, while start accumulating the BRICS Countries' treasuries and currencies, to facilitate the flow of trade amongst themselves. Similarly, when BRICS invite Oil countries, this will reduce the petro-dollar trade.Ignored
It is not immediate effect where the US economy will be left with a large amount of printed money (excess money supply), so cutting money supply will not be enough, but treasuries department also need to reduce their new bond issuance which induced FED to buy them.
The question i asked, will this reduce the liquidity on the international market, and spread may become wider?
My 2 cents
Not afraid to be wrong, ik what am goin' to lose!
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