COMMUNISM THREATENS AMERICA: Brazilian President Lula da Silva Pushes to Weaken the Dollar and Create Single Currency with China and BRICS Countries
Brazil’s socialist President Lula da Silva and China’s communist dictator Xi Jinping. Photo by Ricardo Stuckert
The socialist president of Brazil, Luiz Inácio Lula da Silva, has advocated the creation of a common currency between his country and China. The socialist’s idea is to undermine the use of the American dollar and promote the use of the Chinese currency, the yuan, or establish a common currency for BRICS member countries.
Lula da Silva addressed the issue on Tuesday, during a live interview in South Africa. He is in the country to participate in a BRICS summit.
Lula’s initiative is seen as a challenge to the United States, although the Brazilian government denies any intention to weaken the American economy.
