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The BRICS trading system is already wiping out US farmers, as global price discovery is destroyed (www.youtube.com)

submitted 2 months ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml

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[–] yogthos@lemmygrad.ml 25 points 2 months ago (1 children)

Basically, since transactions were done using SWIFT, the US companies had a lot of visibility into who was selling what and for how much. This allowed farmers to have a good idea of what crops were in demand and how much to plant for the season. Now that transactions are being increasingly done outside SWIFT, they're opaque to the west making it much harder to predict what demand is like.

[–] redtea@lemmygrad.ml 11 points 2 months ago (1 children)

Forcing yourself to do classical liberalism to own the commies.

[–] yogthos@lemmygrad.ml 5 points 2 months ago

🤣