China and Russia announce their own reserve currency

This will devalue the American Dollar. Why is the media not talking about this. This is one of the biggest things ever to devalue US Currency.

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Elessar · 31-35, M

China got its own reserve currency*

Russia is at most obligated to accept adopting whatever Beijing told them to go with.

Pitchblue

@Elessar This has been in the works for at least a decade. With Brazil India, and S Africa joining and Turkey, Egypt, Saudi Arabia pending.

Pitchblue

@Elessar This currency will be based on rare earth minerals like gold. China and Russia are the top 2 producers of gold. The US dollar isn't based on anything after it moved off the gold standard in the 70s.