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ZeroHedge (Telegram)

Rickards: The Coming Shock To The Global Monetary System

The BRICS (Brazil, Russia, India, China and South Africa) is set to launch its own crypto currency that could jostle the US dollar off its position as the leading payment currency and reserve currency. At its 22 August summit, the BRICS are expected to announce a digital currency that will be pegged to a basket of commodities. A new deep, liquid bond market could create an instant reserve currency for the BRICS, whose currency will be backed by gold and sold through banks or other financial outlets.

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ZeroHedge (Telegram)

Jaw Dropping Stats - Reports Of Bud Light Memorial Day Sales Dropping -60% As Brand Boycott Continues

Beer brand Bud Light has suffered a drop in sales of almost 60% over the Memorial Day holiday, according to a NielsenIQ report cited by the Daily Mail. The dip follows weeks of decline in sales for Bud Light, as consumers have boycotted the Anheuser-Busch product due to a connection with transgender ideology in marketing. Company president Michel Doukeris has acknowledged the boycott's impact on its employees in recent earnings calls.

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