Last paragraph–was this from Sherman or Mr. Peabody?
Not sure what you mean so I’ll reiterate each sentence with data.
Putin has trashed his economy with this stupid war.
Russian Ruble hits 16 month low.
https://markets.businessinsider.com/news/currencies/dollar-buys-100-rubles-russian-currency-hits-16-month-low-2023-8
Russian raises rates again to try and control inflation
https://www.bloomberg.com/news/articles/2023-09-15/russia-raises-rates-again-with-ruble-weak-despite-emergency-hike
He could have simply banned abortion……
Russia has the world’s highest abortion rate
https://worldpopulationreview.com/country-rankings/abortion-rates-by-country
…and given LPR/DPR separatists their own land within Russia.
Russia has abandoned cities in the East
https://www.theatlantic.com/photo/2018/08/photos-of-abandoned-russia/566984/
Not many months left of this year which means another “dollar is doomed” year has gone by again.
Maybe give cartoons a break along with fantasies about a homicidal dwarf changing the world economy when his totalitarian state GDP is the size of Texas and shrinking thanks to his 2.5 week special military operation.
Merry “dollar is doomed” to you and yours.
Last paragraph–was this from Sherman or Mr. Peabody?
Actually, should the Chinese come to wield global power in the same way that the US has since the second world war or thereabouts, I don't think that, at this point, we have any good idea of how benign their "rule" might be. For one thing, I imagine that the Uighurs and the Tibetans might disagree with that prediction of Chinese benevolence. I think we mainly are projecting our desires when we imagine any particular global selflessness from them or anyone else who hasn't been tested yet in that way.Replies: @Harold Smith, @showmethereal, @mulga mumblebrain, @JR Foley
The Chinese have a different way of doing things that does not demand servitude; That is why so many nations are very eager to sit at their table!!
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Tibet was a complete disaster prior to being liberated 1959. Illiteracy was 95% and poverty was 97% and it was a theocracy wherein the llamas had the economy cornered. Debt for the peasants was inherited and the monks in the temples had whips up their sleeves and any peasant was fair game to be hauled back to the monastery for a physical tune-up –slice leg tendons or gouge out eyes —
When Dalai Lama departed from Tibet he took with him muleloads of gold but forgot to declare it entering India —
Today this charlatan resides in London England next to Big Nose —ALL are 1 %ers.
I saw David Irving in a lecture say that the fuss at the time over S. Africa was due to that nation having 90% of the world’s platinum reserves, with the other 10% in the USSR. Platinum was essential for the refining of crude into gasoline, making platinum and thus S. Africa a control point of the entire world economy.
Au contraire, "Nazi Germany" was entirely created and funded by the rootless, cosmopolitan financiers of Wall Street and the City of London.Increase your understanding of this phenomenon by reading Antony Sutton's so-called Wall Street trilogy:
It could have been done, to my understanding, but wasn’t.
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https://en.wikipedia.org/wiki/Antony_C._SuttonMr Unz himself has written extensively on the faked histories of WWI and WWII on this very website.Replies: @Malla, @BuelahMan, @Karl Haemers
Sutton's next three published books (Wall Street and the Bolshevik Revolution, Wall Street and FDR and Wall Street and the Rise of Hitler) detailed Wall Street's involvement in the Bolshevik Revolution to destroy Russia as an economic competitor and turn it into “a captive market and a technical colony to be exploited by a few high-powered American financiers and the corporations under their control†as well as its decisive contributions to the rise of Adolf Hitler and Franklin Delano Roosevelt, whose policies he assessed as being essentially the same “corporate socialism,†planned by the big corporations. Sutton concluded that it was all part of the economic power elites' “long-range program of nurturing collectivism†and fostering “corporate socialism†in order to ensure “monopoly acquisition of wealth†because it “would fade away if it were exposed to the activity of a free market.â€
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Henry Ashby Turner in his German Big Business and the Rise of Hitler and Leon Degrelle in his Hitler Democrat dispute Sutton and explain that Germany’s financing at the time was almost entirely internal. Sutton’s theory relies at least partially on a personage known as Sydney Warburg, but no such person has been proven to exist. I have not read Sutton yet, but have heard much about it. I really must read it so I can compare to Turner and Degrelle, which I have studied. The role of Hjalmar Schacht in German finance at the time was as a “keep our enemies closer,” and “use an asset but keep him on a short leash” strategy.
It is fascinating that no matter the topic of the source essay–in this case a present challenge to the US Dollar by BRICS–the comments invariably turn to NS Germany.
Actually, should the Chinese come to wield global power in the same way that the US has since the second world war or thereabouts, I don't think that, at this point, we have any good idea of how benign their "rule" might be. For one thing, I imagine that the Uighurs and the Tibetans might disagree with that prediction of Chinese benevolence. I think we mainly are projecting our desires when we imagine any particular global selflessness from them or anyone else who hasn't been tested yet in that way.Replies: @Harold Smith, @showmethereal, @mulga mumblebrain, @JR Foley
The Chinese have a different way of doing things that does not demand servitude; That is why so many nations are very eager to sit at their table!!
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In Tibet, imbecile, the Chinese ended serfdom, serf torture, hereditary indebtedness, illiteracy etc, and introduced electricity, modern transport, healthcare, education and increased the life expectancy from the thirties to nearly seventy. Only a Western racist meat-head would criticise those improvements. You are just projecting your own filthy, Western, predilections onto the Chinese.
Watch “Europa: The Last Battle” on bitchute (it is censored elsewhere by the usual suspects, lol!) and read “The Jewish Revolutionary Spirit” by E. Michael Jones.
Then get back to me….
I happen to agree with your assessment of British and American foreign policy but Jewish hands are also all over the levers of power in these countries.
It makes no difference in the world if a currency comes or goes, its control of resources that count.
International benchmarking of prices is a way of taxing everyone of us by stealth, if you can control the worlds resources you have won everything, that’s why the U.S will never end the war is Ukraine because Russias resources is the aim.
We will see what the next move on this chessboard is, I’m sure all the minions in Washington and the corporate fascist boardrooms are working on the next phase, they will never give up…unless they are physically removed.
Dont forget American and British Animals. Its wrong to accuse and blame jews for everything, when The problem is very largely sick genetics of American and British people themselves. In fact, jews didn’t Make American and British do everything that American and British have always done for thousands of years. For American and British themselves, jews are really just a convient scapegoat to blame everything they themselves have Been doing and caused. “Oh, it has Been The jews all along. They made us do it all and they have corrupted and taken over our societies. We wouldnt NEVER Rob, Steal, spy, interfere, mass murder, terrorize, run slave trade, drug trade etc. It was always The jews that made us do it all.”. Really? Really? Jews always made you do everything that you have Been doing and still keep doing for thousands of years? It was and still is jews all along? Really American and British? Its not something what you have always Been and always Will Be? Then how come you are also openly proud claiming that this has always Been The American and British way of Life? Suddenly its not The jews running everything, but then when you need to blame for something and find an excuse, then its The jews that always made you do everything what you have Been doing. Nobody believes American and British. They are just souless manipulators, liars, thieves, robbers, terrorists and pretenders without anything of their own.
Ok. I read it again… Understood. Agreed.
Yes but the IMF figures cited in the prior post only mention the different types of foreign currency reserves. I was debunking the claim of the poster who implied that the USD remains the dominant foreign currency reserve which missed the fact that China has been stockpiling gold as part of its foreign reserves over the last decade, much of which is unpublished and unknown to this day.
The Ashkhenazim Jew financier class allocates resources to insane cultural Marxist divisive endeavors. We must strike at the root—-the very nature of our currency. See http://www.LetJusticePrevailThoughTheHeavensFall.com and scroll down for a proposed Constitutional Amendment wresting control of our currency from the financier class!
‘Don was bailed out by the Rothschilds’.
Exactly, that’s why he did the Jews bidding, not only for Izrael but for other things. They don’t completely own him, but it comes close.
An international currency allows countries to exchange goods and services. The American dollar has been weaponized and is no longer fit for purpose.
Remember 2024 is an election year. What could go wrong?
Could the deep state CIA media run by globalist bankers and Don’s disciples raise enough havoc…enough where the SHTF?
2 thoughts. Don was bailed out of bankruptcy by the Rothschild bankers. 2 The media keeps talking about a new COVID variant.
Actually, should the Chinese come to wield global power in the same way that the US has since the second world war or thereabouts, I don't think that, at this point, we have any good idea of how benign their "rule" might be. For one thing, I imagine that the Uighurs and the Tibetans might disagree with that prediction of Chinese benevolence. I think we mainly are projecting our desires when we imagine any particular global selflessness from them or anyone else who hasn't been tested yet in that way.Replies: @Harold Smith, @showmethereal, @mulga mumblebrain, @JR Foley
The Chinese have a different way of doing things that does not demand servitude; That is why so many nations are very eager to sit at their table!!
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LOL… Aside from the Uighurs who are fighting by the thousands in Syria or the Tibetans that supported the pedophile slaveholding Dalai Lama clique – the remainder (the majority) don’t have much problem being part of China.
That said – Han Chinese are not Mongols – so they never had a desire to go out on conquer far afield… They don’t desire to control what other countries do and how they live – which is why their “tribute” system worked so well… It wasn’t colonialism like the western way.
Remember those reserves are tallied in nominal USD…. As BRICS moves away from the USD it will likely take on another type of valuation…
Slight correction. The national reserves of China do include gold reserves… but only what is declared. China has thousands of tons of gold in reserve that they never declare…
Yesterday a woman I was talking to admitted her total ignorance about the war on Ukraine including the fact that its been happening .She was totally unaware .
She is letter -carrier in her 50s.
She tells me she works 5 or sometimes 6 days a week .She is tired when she comes home .She has no friend who talks about these things and she has some good fiends .She lives now alone .She has no time to watch even TV and she has basic TV .
It’s telling .
There are forces who want to keep people in thrall of the power that generates poverty ,imposes basic substance living , distorts information ,and restricts information .
These people have taken Plato’s cave of the ancient time and Maslow’s hierarchy of needs of 20 th century .Then has harnessed the ideas to executing their brutal and illegal desires.
An Endgame for the Ukrainian War w/ John Mearsheimer, Alexander Mercouris and Glenn Diesen
Ah. The earthquake in Turkey was Putin’s fault. Of course!
Telegram comment posted by Harry Vox:
The parasites known as the NSO Group who are Israeli Intelligence scum and have the support of the Junior servants of the Jew Intelligence – the FBI andf CIA and NSA. Have been caught over and over and over again simply planting backdoors into any Apple operating system any time they want. There has only been a fake display from our Jew Licksdpittles called congress that this is bad, but no one stops them – because they’re Jews. Jews can brake any law, assassinate anyone they want any time and mass poison our children and us and there is ZERO ability courage or willingness to confront these parasitic scumbags.
https://therecord.media/apple-discloses-two-zero-days-in-new-updates
Apple discloses zero-days linked to NSO Group spyware
Apple released software updates on Thursday to address two zero-day vulnerabilities that researchers said were used to deliver NSO Group’s Pegasus spyware to at least one victim.
https://t.me/harryvox/1523
…colonialism ended with WW2â€. Oh please, Miss Thing. Colonialism simply transmogrified into Bank$terism by the usual suspects and assorted perps.
Capisce?
Can find nearly the exact same statement on left-wing websites but with a little more libspeak. Blame Whites and ignore unwanted facts. Use terms like “neo-colonialism” as if they aren’t in charge of their own countries. If anyone asks questions then call them ray-cis.
Do explain why Liberia didn’t become the economic gem of Africa since it wasn’t colonized.
Clearly everything in Africa is the fault of White people / colonialism. Just look at the utopia that was created by the country that wasn’t colonized:
https://www.youtube.com/watch?v=7VZuZg74XAE
Video Link
But but the neo-colonialism is selective…….
OPEC already basically controls the energy market. And almost all of that used to be in US dollars. Now that is being chipped away until smashed. That’s what will be the issue for Americans. Energy markets guarantee demand for US dollars and allows the US to control others. Less demand for dollars will mean less buying power. Less control over others may cause erratic government behavior
Mark Twain’s quote about elections comes to mind here. If elections mattered they wouldn’t let them have them.
As far as ‘Mitt the twitt’ is concerned he’s the perfect example of a Republi’tard. It was great when Trump humiliated Romney when Mitt came knocking on Donald’s door when he was president-elect.
Donald is hated by Da Jooz because, while he’s done all their bidding, sickeningly so, he’s unpredictable and not 100% under their control. They hate that. Plus he doesn’t hate Russia or Putin, another bug up their diseased asses.
Re: willing to fight WW 3 to save the Petrodollar.
It does seem to be heading in that direction and “the leader of the free world” is not in control of the crazies in his Administration so what was unthinkable in February 2022 is not unthinkable in September 2023. Blinken, Sullivan, and especially the odious Vicky Nuland are dangerous enough but they have plenty of company on both sides of the aisle.
To mention one of many in that camp I think Mitt Romney’s statement just a few weeks ago regarding what a great “investment” the United States has made in funding the destruction of Ukraine is a good, but not unique example.
Given the known suffering endured by the average citizen of Ukraine the statement is incredibly callous and inhumane. But yet, no condemnation, even mild, from mainstream media or the Biden Administration. Zero from AOC or Bernie Sanders, etc.
It may well be that when we start hearing the inevitable “the 2024 election is the most important in our history” the comment may be correct.
Geo, the whole government is a tool for ADL and AIPAC
“It’s almost as if the FBI has been a tool of the ADL for persecution and stoking fear into the population just as the cheka were a tool of the jewish bolsheviks, although the cheka agents also had the autonomy to commit mass-murder without the hassle of due process.â€
https://twitter.com/samisdatin/status/1699594003606372696?s=46&t=cSHZ8bYRxRZgaPqkKzmJmg
Hi Peter,
You can get in touch through the ‘contact’ facility at SFEcon’s site. Just put my name in your email’s subject line.
Best,
Max
A lot of people have lost a lot of money betting against the dollar over the last decades. There’s a deal of ruin in a nation.
But in the end, what can’t go on forever, won’t.
Loss of the USD as world reserve currency will be a disaster for the GAE, and for the coastal elites, but good for the average Americans.
There will be a hard transition period (perhaps not unlike what Russia went through in the 1990s), all the overseas military bases will have to be terminated, all the optional wars stopped, etc. But at the end American heartland will become reindustrialized. Small towns revitalized.
It’s coming. Probably not this decade. But in the next I’d guess. Good luck. Hope you make the best of it, It’s a chance for a new birth of America.
Bancor would have hastened the arrival of NWO. The issuing authority will have huge leverage over the world economy.
Americans do not seem to have that capacity any more.
A technologically developing society will have a deflationary economy: since the productivity increases with technological advances (all advances can be measured through the connected increase in productivity), the same quantity of money should increasingly buy more quantity of goods and services. Therefore, debtors will be at a disadvantage.
There are two ways this could be addressed: by reducing the interest rate, and by debasing the currency. But the interest rates cannot be reduced below zero without causing social turmoil. The only other option is to debase the currency.
An inflationary currency is unavoidable in a technologically developing economy.
The ideal measure for currency would be an indestructible material that is comparatively rare and completely useless for any practical purposes. Gold is almost indestructible, and nearly useless for practical purposes (except jewelry and a few industrial purposes).
Is U.S dollar about to slide?
It doesn’t seem to worry Blinken as he throws another log of a billion dollars onto the Ukraine fire…I suppose the American dollar should be worth the same value as those logs you can make with old newspaper, why the world hasn’t started to dump the confetti who knows? China should do it while its worth something!
Notice how these Jews in power don’t mind spending other people’s money like a drunk gambler on race day, how many minimum wage tax payers would it take to raise that 1 billion?
In essence what BRICS is proposing is the “Bancor” that the British put forward at the Bretton Woods Conference.
That post-WW2 proposal was shot down in flames by the USA, who wanted the almighty dollar to fulfill that role. The person who dealt the death-blow to the bancor was Harry Dexter White who, irony of ironies, appears to have been a Soviet asset in the US Treasury Department.
The world would look very, very different today if that British proposal had been adopted.
Still, better late than never, heh?
She was appointed Ambassador by Israeli arse-kisser Stephen Harper.
Harperstein was such a traitorous Shabbos goy that they even honoured him with a bird sanctuary (the Stephen J. Harper Hula Valley Bird Sanctuary Visitor and Education Center) in Occupied Palestine!
Don’t think you read with much comprehension.
Members of BRICS and those other countries that “enjoy banking privileges” related to BRICS obviously different.
Seemed pretty clear to me.
Replies: @Curmudgeon
A dual citizen of Canada and of Israel, Bercovici was born to Jewish parents in 1961.
https://en.m.wikipedia.org/wiki/Vivian_Bercovici
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She was appointed Ambassador by Israeli arse-kisser Stephen Harper. She was dismissed by Justine Trudeau who is also an Israeli arse-kisser. It is no mean feat to be dismissed by a government that is occupied by Israel.
Harperstein was such a traitorous Shabbos goy that they even honoured him with a bird sanctuary (the Stephen J. Harper Hula Valley Bird Sanctuary Visitor and Education Center) in Occupied Palestine!
She was appointed Ambassador by Israeli arse-kisser Stephen Harper.
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Can we please have something of actual value like Olive oil or tomatoes.
Therein is the reason for WWII and the US attack on Venezuela. Both were trading commodity for commodity wherever possible. The Bank of International Settlements was not amused. Would we be in this situation, if the maligned and misrepresented Keynes, had won out at Bretton Woods? I think not.
Ehh, what makes you think that? Me, I don't know enough about the Chinese, "character", if you will, to make a bet on anything but what I know of human nature, and that doesn't bode particularly well. If I have to hazard a guess at all, I'd say that to most of the world that lies outside of both China and the US, 40 years from now, they'll probably say they both suck as world leaders/controllers. IOW, everybody still out for theyself.Replies: @Harold Smith
Actually, unless jews are running China (which is apparently not the case), I think it’s safe to say that the hypothetical “Chinese (world) rule†would be far more benign than that of “the US.â€
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Ehh, what makes you think that?
Ehh, what makes you not think that?
As I said, China is apparently not controlled by jews. Period. The end.
Me, I don’t know enough about the Chinese, “characterâ€, if you will, to make a bet on anything but what I know of human nature, and that doesn’t bode particularly well.
I suppose you could always try to do some simple observation and reasoning, perhaps making a comparison between China and the U.S. on the basis of, say, number of military bases all over the world; number of wars started; number of coups fostered in other countries; etc.
Not a word too much. Thanks, will answer you later.
This would be a start, leaving for now un-accounted for what are the inter-dependencies, obligatory exchanges not local to BRICS members. And account and regulate that trade provisionally, “as we go” pending global inventorisation. Any abuses on the latter would easily break BRICS coherence though.
Governments the world over use violence & coercion to enforce participation in their systems. Minarchism is an alternative to the current paradigm, baby steps for the thoroughly brainwashed I’d say. Keep it local!
Actually, unless jews are running China (which is apparently not the case), I think it's safe to say that the hypothetical "Chinese (world) rule" would be far more benign than that of "the US."Replies: @1jonny
Actually, should the Chinese come to wield global power in the same way that the US has since the second world war or thereabouts, I don’t think that, at this point, we have any good idea of how benign their “rule†might be.
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Actually, unless jews are running China (which is apparently not the case), I think it’s safe to say that the hypothetical “Chinese (world) rule†would be far more benign than that of “the US.â€
Ehh, what makes you think that? Me, I don’t know enough about the Chinese, “character”, if you will, to make a bet on anything but what I know of human nature, and that doesn’t bode particularly well. If I have to hazard a guess at all, I’d say that to most of the world that lies outside of both China and the US, 40 years from now, they’ll probably say they both suck as world leaders/controllers. IOW, everybody still out for theyself.
Ehh, what makes you not think that?
Ehh, what makes you think that?
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I suppose you could always try to do some simple observation and reasoning, perhaps making a comparison between China and the U.S. on the basis of, say, number of military bases all over the world; number of wars started; number of coups fostered in other countries; etc.
Me, I don’t know enough about the Chinese, “characterâ€, if you will, to make a bet on anything but what I know of human nature, and that doesn’t bode particularly well.
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That is the question, and it has become a potential reality when Russia invaded and they froze their oil trading accounts:
And the ultimate possible horror scenario is “Will the US be ‘forced’ to go nuclear against BRICS to save the dollar?†Don’t put anything past the power-mad neocons and globalists dominating Washington.
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Lavrov said the west stole $300 billion:
So BRICS has been around in its current form for about eight years, but interest in it exploded with events surrounding the start of the Ukraine War. A little over a year and a half ago, the US responded to the Russian intervention in Ukraine by using its control over the international banking system to slap sanctions on Moscow’s financial assets around the world, including freezing billions of dollars in banks in New York. By one estimate, $1 trillion in Russian assets were frozen and Russian banks were also denied access to the SWIFT global messaging service that connects financial institutions and facilitates rapid and secure payments. Washington subsequently announced that the frozen money would not be returned and would be instead used for Ukraine’s reconstruction.
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Then the CIA/Navy/Blinken/Biden blew the Nordstream pipeline.
https://sputnikglobe.com/20220501/russian-fm-lavrov-west-has-just-stolen-over-300-billions-from-moscow-1095189793.html
Russian Foreign Minister Sergey Lavrov said on Sunday that over $300 billion was stolen from Russia, the majority of which was payments for oil and gas supplies, because energy giant Gazprom had to store money in Western bank accounts.
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So, 2024 this Deagel.com predicts to be an extremely bad year for the United States? Nuclear war, what?
First, I fixed the wording for you. Second, the answer is no, definitely not, they will not "go nuclear against BRICS to save the dollar," because they obviously don't give the slightest damn about the dollar per se.But they very likely will "go nuclear" rather than suffer the humiliating failure of their Satanic spiritual agenda, IMO.Replies: @Z-man
And the ultimate possible horror scenario is “Will theUSSatanic cult that runs the U.S. "government" be ‘forced’ to go nuclear against BRICS to save the dollar?
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You are absolutely right.
The satanic globalists, the Bolsheviks, i.e., Da Jooz, pulled out their knives, showed their fangs and extended their claws with their red demonic eyes when Putin reestablished Christian Orthodoxy to Mother Russia. This destroyed their nearly 💯 year Russia Project 👹 of making the Slavic Nation an atheist robot state for globohomo.
We must stand with Putin.
Your (ii) is a race to the bottom and an invitation for trouble between trading partners. Russia has already figured out that Indian Rupee aren’t something it wants to hold as part of oil trade simply because Rupee doesn’t buy what Russia wants / needs. It’s the realization that real ‘money’, gold and silver, were universally declared as the medium of exchange precisely because they are universally known to buy anything and everything.
It’s the fiction of ‘currency’ that needs to disappear, since it’s just the gov’t and bankers mechanism to cheat everyone else and when it’s those criminals dealing with each other, they also realize the inherent fraud they are confronting. I can understand using the hook of ‘national currencies’ to get the marks into the game to swell the ranks of the new hegemon wannabe, but it’s not sustainable. At some point, real value must be traded, not the lie of a colored piece of paper or digital equivalent actually being worth something.
The only reason fiat was ever invented was to cheat the citizenry of the country’s central bank; the bankers and politicians against the people. It allows the political class to run deficit after deficit until we arrive at where we are now, trillions in the hole and no way out. To structure a new and improved system on the same fraud the old one is failing from means the people involved are criminals that just want to be the new hegemon in a power struggle.
So far, I see BRICS, etc as just another scam because they refuse to remove the fraud known as currency out of their deliberations. It’s only when gold and silver, not currency backed by gold and silver which is always a lie, are used as settlement that things get honest. It’s when you have to fly a weight of metal to settle a debt that honesty in trade relations is established and that moves the world closer to world peace.
Having the entire concept of ‘currency’ disappear and using the weight of metal for all ‘prices’ used world wide would mean there’s no arbitrage between currencies since they don’t exist, no seigniorage which is just a theft euphemism, no fractional reserve banking, etc world wide. Everything is priced in G:S:C units of gold, silver and copper to form the basis for honest dealings between peoples and nations.
I'd say that the BRICS, SCO, EAEU, BRICS bank, etc have a very strong motivation to do exactly that, and is why I'm expecting wholesale haircuts and numerous defaults on IMF, World Bank, etc debt that will come in an avalanche (slowly at first then all at once) to destroy not just the Dollar but the proxy institutions the US has set up. The US has been bullying the world for decades and it's payback time.
new lender has to have a strong interest in undermining old lender’s business
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This certainly completes your point of view. Thanks.
One more thing, connected to your view that ‘intrinsic value’ money is necessary.
We have now a fiat currency system for reseves and international settlements centrally controlled by a monopolist gradually losing market share and becoming an oligopolist.
The current system may evolve into
(i) an intrinsic value (non-fiat) money, as you claim it is necessary for a sustainable re-configuration
OR
(ii) a free market of fiat currencies where every country save reserves in multiple fiat currencies in proportions to the need to purchase things+services denominated in each fiat currency.
The various recent arrangements between nations to trade in their respective fiat currencies seem to indicate that alternative (ii) is the most natural way forward.
Note that under (ii) fiat currencies would be supported by trade balances, which is kind of a physical support for fiat currencies.
So I’d like to learn what are your views regarding a free international market of fiat currencies as an alternative configuration to having intrinsic value money for international trade.
An exchange system based on a basket of commodities from which all currencies are measured could work. Such an arrangement would indirectly force nations to carefully manage their monetary policy, without any demands or direct intervention like the European Central Bank for example. They’d better get something like this up and running soon.
Actually, should the Chinese come to wield global power in the same way that the US has since the second world war or thereabouts, I don't think that, at this point, we have any good idea of how benign their "rule" might be. For one thing, I imagine that the Uighurs and the Tibetans might disagree with that prediction of Chinese benevolence. I think we mainly are projecting our desires when we imagine any particular global selflessness from them or anyone else who hasn't been tested yet in that way.Replies: @Harold Smith, @showmethereal, @mulga mumblebrain, @JR Foley
The Chinese have a different way of doing things that does not demand servitude; That is why so many nations are very eager to sit at their table!!
�
Actually, should the Chinese come to wield global power in the same way that the US has since the second world war or thereabouts, I don’t think that, at this point, we have any good idea of how benign their “rule†might be.
Actually, unless jews are running China (which is apparently not the case), I think it’s safe to say that the hypothetical “Chinese (world) rule” would be far more benign than that of “the US.”
Ehh, what makes you think that? Me, I don't know enough about the Chinese, "character", if you will, to make a bet on anything but what I know of human nature, and that doesn't bode particularly well. If I have to hazard a guess at all, I'd say that to most of the world that lies outside of both China and the US, 40 years from now, they'll probably say they both suck as world leaders/controllers. IOW, everybody still out for theyself.Replies: @Harold Smith
Actually, unless jews are running China (which is apparently not the case), I think it’s safe to say that the hypothetical “Chinese (world) rule†would be far more benign than that of “the US.â€
�
The Chinese have a different way of doing things that does not demand servitude; That is why so many nations are very eager to sit at their table!!
Actually, should the Chinese come to wield global power in the same way that the US has since the second world war or thereabouts, I don’t think that, at this point, we have any good idea of how benign their “rule” might be. For one thing, I imagine that the Uighurs and the Tibetans might disagree with that prediction of Chinese benevolence. I think we mainly are projecting our desires when we imagine any particular global selflessness from them or anyone else who hasn’t been tested yet in that way.
Actually, unless jews are running China (which is apparently not the case), I think it's safe to say that the hypothetical "Chinese (world) rule" would be far more benign than that of "the US."Replies: @1jonny
Actually, should the Chinese come to wield global power in the same way that the US has since the second world war or thereabouts, I don’t think that, at this point, we have any good idea of how benign their “rule†might be.
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The new lender has to assess though that borrowers' obligation with it will not suffer the same fate and/or the new lender has to have a strong interest in undermining old lender's business.Replies: @RoatanBill
Once they have a deal with the new money lenders, they can stiff the old lender.
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new lender has to have a strong interest in undermining old lender’s business
I’d say that the BRICS, SCO, EAEU, BRICS bank, etc have a very strong motivation to do exactly that, and is why I’m expecting wholesale haircuts and numerous defaults on IMF, World Bank, etc debt that will come in an avalanche (slowly at first then all at once) to destroy not just the Dollar but the proxy institutions the US has set up. The US has been bullying the world for decades and it’s payback time.
This is also why any new lender has to deal in an absolute money like gold and silver and possibly barter goods like oil, copper, lithium, as money equivalents under the right conditions. If they stick to their national currency nonsense the whole thing will fall apart.
Iran recently made a deal, I believe with China but I’m not sure, where the contractual payment is oil. It’s possible to barter other goods but they become more problematic since the ones I’m thinking of, grains, food, live stock, etc, rot with time and conditions.
As a start up, the BRICS, etc should accept reasonable barter as money equivalents country to country to allow the weaker nations to build up ‘money’ stores that I expect to ultimately be gold and silver, since that’s been money for thousands of years and has at least the intrinsic value of the time money and effort it took to get them out of the ground, unlike the bullshit crypto nonsense or gov’t fiat.
Once they have a deal with the new money lenders, they can stiff the old lender.
The new lender has to assess though that borrowers’ obligation with it will not suffer the same fate and/or the new lender has to have a strong interest in undermining old lender’s business.
I'd say that the BRICS, SCO, EAEU, BRICS bank, etc have a very strong motivation to do exactly that, and is why I'm expecting wholesale haircuts and numerous defaults on IMF, World Bank, etc debt that will come in an avalanche (slowly at first then all at once) to destroy not just the Dollar but the proxy institutions the US has set up. The US has been bullying the world for decades and it's payback time.
new lender has to have a strong interest in undermining old lender’s business
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Hell with money. It seems the rule is GRAB ALL YOU CAN.
It’s hard to believe this is no longer a crime.
— Juanita Broaddrick (@atensnut) September 5, 2023
And the ultimate possible horror scenario is “Will the
USSatanic cult that runs the U.S. “government” be ‘forced’ to go nuclear against BRICS to save the dollar?
First, I fixed the wording for you. Second, the answer is no, definitely not, they will not “go nuclear against BRICS to save the dollar,” because they obviously don’t give the slightest damn about the dollar per se.
But they very likely will “go nuclear” rather than suffer the humiliating failure of their Satanic spiritual agenda, IMO.
For those just discovering the very important CIA/Azov Movement agenda that overlaps with Ukraine, January 6th, and the "War On Domestic Terrorism", @_whitneywebb's article for TLAV on this topic from March 2022 is an absolute must read: https://t.co/lnLgrnQQKx via @TLAVagabond
— The Last American Vagabond (@TLAVagabond) September 4, 2023
I’m sure you know that Spartacus was a Serb, originally from the border of modern Serbia and Bulgaria. I have always assumed that brother Xi is a Serb just like Lula who has a Serbian surname.
“They are ALL Spartacus”….so, they are ALL Serbs.
USA abandoned the Coolidge Doctrine..The business of America (in the world) is BUSINESS..
The West is Satanic. Satan is the Father of Lies. QED.
So while Joe Biden and Victoria Nuland were subverting Ukraine the Chinese have managed to corner the oil markets the world over!! Instead of Iran and Saudi Arabia going at each others throats they now sit at the same table with China!! This is bad news for the Washington,D.C.neo-cons and for the Israelis!!
It is not the United States military intimidating other nations; it is the petrodollar and the maniacs controlling finance markets!! Everyone will be lowering their United States dollars, bonds, treasuries etc. to limit their exposure!! The U,S. gravy train is over; paying the piper will bring shock to the United States economy!!
Chomsky and Herman outlined the Western MSM as a propaganda machine for the rich overlords over thirty years ago, working from much previous study, and basic commonsense. The situation now is past dire, and well into the ‘farce’ repetition. And the MSM presstitutes are more odious, poisonous and arrogant than ever.
Once the slaves refuse to bow down to the Masters, the Empire is doomed. Putin is Spartacus. Xi is Spartacus. Lula is Spartacus. They are ALL Spartacus.
You are correct.
Germany monetized labor, placing it on the “asset side” of the ledger sheet, something that was never done and has not been done since. Labor has always been looked at an “expense”, not an asset or a source of wealth.
This monetization of labor had to be “nipped in the bud” in order to avoid upsetting the talmudic apple cart.
Hence, Germany had to be destroyed…
shoigu said 66,000 ukrainian troops had been killed since the beginning of the “counteroffensive” in june. this is mass murder, not warfare, the ukrainian high command and nato participants should be brought up on war crimes charges, in a military tribunal after the slaughter has finally ended.
Wow man! Yellow lines! I’m impressed!
I am not a supporter of Donald Trump!! I am an old United States of American citizen that is very upset as this country swirls down the toilet to hell!!
But no heads are rolling; no one really guilty is going to jail!! The massive cover-up just goes on and on and on!!
We have been played for complete fools by our government and our media!!
Nonstop Media Bias From Russiagate to the Biden-Crime-Family Coverup By Victor Davis Hanson!
”’” little over a year and a half ago, the US responded to the Russian intervention in Ukraine by using its control over the international banking system to slap sanctions on Moscow’s financial assets around the world, including freezing billions of dollars in banks in New York. By one estimate, $1 trillion in Russian assets were frozen . . . Many were asking the question “If they can do it to a great power like Russia they can also do it to me to punish me? What should I do?—”””
——————————————————————————————
Yup – of all the dumb things Pedo Joe has done, that was the dumbest. We should have stayed out of the Ukraine war and certainly we should not have stolen a trillion $ from russia. Now the whole world wants to dump the dollar.
Something to relate:
My YouTube video queue has videos selected for me like anyone else. I lean right. Some of the vids have titles like “Russia now completely helpless as Abrams tanks of Ukraine break through lines” and some other describe how Ukrainian drones are now destroying Russian howitzers. There have been a few describing how youth in Russia are fleeing to avoid being thrown to the front and certain death, while others assure me that China is abandoning Russia. On and on these propaganda videos emerge, but why here in the West? I imagine the Biden regime would like to attract a few “Soldier of Fortune” types to sign up with Ukraine to be paid fighters, or perhaps hoping inquisitive Russians who want to know what Westerners are reading about the conflict to be informed that Russia actually losing, but it’s more than that.
The counter offensive has not been successful, has led to disproportionate Ukranian deaths, and has given Russia more chances at practicing against a few of the West’s weapons so they have experience against those weapons if they ever face NATO in battle. We are openly allowing lies about the War in Ukraine to reach our populace. This makes my trust in my country even less than it already is.
I’m afraid our powers-that-be are literally going to be willing to fight a World War to save the petrodollar. No amount of being wrong seems to dissuade them of their course. I guess they will keep doubling down until it causes the Apocolypse. I fear there is no way to dislodge these nuts from the State Department who are pushing us to this cliff (Nuclear War).
The inclusion of Saudi Arabia and the UAE “brings” to BRICS about 2,500 billion dollars of free capital that these two countries have. With China’s reserves of about 3,100 billion and what India and Russia can contribute, the developing world theoretically has over 7,000 billion dollars available for development. For the first time in two centuries, Western capital is not needed at all for development
Because the West implements the policy of globalist imperialism of the oligarchy of financial capital (based primarily in the USA), BRICS is against the West. Not by choice, but by necessity. It is not possible to develop just relations without first suppressing aggressive globalist imperialism. And that is why BRICS is opposed to the West.
In the Declaration of the BRICS summit in Johannesburg, there is opposition to any sanction that is not based on UN procedures.
A historic event is an additional major step towards a world of greater justice and stable development, and thus an even stronger underlining that the West is a problem and an obstacle. Next year will be a turning point, but it is already clear that the BRICS policy is definitely winning.
I agree as well; but wish to add that the “intellectual border†in need transgressing here has been hard-wired into the dissident right through our instinctive subsuming of libertarianism and its ‘Austrian’ economics.
This old TakiMag article . . .
https://www.takimag.com/article/in_search_of_lost_money_hargreaves_allen/
. . . introduced me to a certain “inquiry into the sources of order and stability in capitalist systems†based on a rigorous solution to Mises’ presumably indissoluble Economic Calculation Problem.
The article asserts that this solution to the calculation problem . . .
. . . “gives rise to a solid ‘reference commodity’ i.e., a ‘currency’ that cannot be counterfeited, hidden, confiscated, hoarded, lost, misrepresented, or cornered because it is an abstraction that anyone can compute, on the basis of (1) a self-evident scientific premise, and (2) information of a sort that is publicly available now.â€
This realization of Keynes’ Bancor has apparently found welcome in Narendra Modi’s sentiments toward the Technocracy Movement; and is now part of the BRICS discussions regarding their new currency for international settlements:
https://1drv.ms/b/s!Al1nit0q0GjqiURbOw6nqsNcYy-l?e=LRru9b
Your assertion that “money [would be best thought of as] a simple yardstick of inventory†is incisive except for the word “simpleâ€. Inventories contain commodities that can only be measured in terms of inherently incompatible units, e.g.: labor and capital. This is why we have “finance†and “moneyâ€.
Creating a temporally consistent “yardstick†by which all commodities might be measured relative to one another in terms of their economic value would necessarily be the product of formal economic calculation – which has been called “the most complicated problem that actually has a solutionâ€.
The BRICS’ prospective Bancor should be more solid than silver or gold because silver and gold, being commodities themselves, have already been ‘hacked’ in the sense that reports as to their physical inventories come nowhere near adding-up to the paper demands on them.
The Economist is not a valued source. their entire existence is based on the Federal Reserve Note. Its owners are beholden to the central bankers.
History is not over and the only reason the USA has not defaulted is because of the FED Note being the world reserve currency. BRICS is going to end that run. You are either a liar or a fool. Probably both.
Ever heard of default?
Once they have a deal with the new money lenders, they can stiff the old lender. Argentina is famous for perfecting the technique to a certain point that gives a ‘haircut’ to the lenders, but a full default is a real option. If enough debts go the default route, the US Dollar will collapse along with the banking system and there isn’t much anyone can do about it.
The new lender has to assess though that borrowers' obligation with it will not suffer the same fate and/or the new lender has to have a strong interest in undermining old lender's business.Replies: @RoatanBill
Once they have a deal with the new money lenders, they can stiff the old lender.
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Is the Almighty US Dollar About to Take a Fall?
https://www.unz.com/pgiraldi/is-the-almighty-us-dollar-about-to-take-a-fall/
Yes, and no one can prevent that anymore.
Dollar hasn’t had any foundation or backing for decades, it’s the so-called fiat money.
Up until now that was still possible because the dollar was accepted as the world currency – but that’s over now too.
Dollars are printed like any other paper/ parts paper of slightly better quality.
Therefore the USA must try to defeat the competitors: Russia, China etc. militarily.
Nobody can prevent the 3rd World War. The U.S./NATO/West will be totally ERASED, and then their competitors as well. The story is over.
Have you seen this?
The Georgia Guidestones
https://www.kla.tv/6012
Biden Says U.S. Must Lead New World Order:
They have already begun to realize their plan
What should their New World Order look like?
See https://stopworldcontrol.com/
In order to be able to realize their satanic plan, the sovereign states like Russia, China etc. which do not want to take part in it must be militarily smashed.
They are mainly interested in the limited earth resources, which they want to have longer available only for themselves & their families (according to their criteria “chosen ones”) – & also to play the gods, over the few remaining people, who have to serve them slavishly (implanted chips, mind control etc.)
Gigantically they are wrong, the wretched satans.
Humans can never come on such ideas.
Russia, China & Co. will wipe them all out completely (with our support), & afterward also perish themselves in the process – according to the Will of my Holy Father.
Absolutely no one & nothing can thwart my Holy Father’s Will.
The time is no longer near, but has already come, that this unjust and rotten world definitely/ forever perishes.
Therefore, do not make any long-term plans for your future, because it will not exist.
The good souls have nothing to fear & will not be sad – completely independent of where they stay/ dwell/ live on this planet,
Iran is the ONLY country in the world who has not been brought down by the criminal Jewish mafia assholes and its servants in Washington or London. Therefor, Iran is an exceptional country.
I agree, Iran was able to overthrow the criminal ZOG government installed by the CIA in 1953. Why was the Jewish mafia so interested in Iran?
People in Amerika should be envious that Iranians were able to oust the illegit government. Amerika is currently occupied by an illegit Zionist government under this Biden thing.
thanks for that nice illustration of the worldwide go board. just after these zioneocon idiots, paid prigozhin billions, to teach them 5d chess, they find out the real game is 2d go.
Inflation is always and everywhere a monetary phenomenon.
Milton Friedman
The only way to get rid of price inflation is to reduce the currency supply. Interest rates put a dampener on price inflation, but it can’t cure it. All it does is depress spending on higher ticket goods because people can’t qualify via the banks.
This whole increase interest rates to fight price inflation is a completely bogus concept. It’s the $95B the Fed is withdrawing on a monthly basis that is the actual price inflation remedy but its slow going.
There are two key realities regarding The BRICS:
They have yet to set up a banking system whereby Loans are given out while they have to set up a means of dealing with Debt.
There’s far too much talk going on in these summits. After all, many of these nations are beholding to both their Super Wealthy, along with the huge financial power of the US.
Because they’ve been compromised for decades by either the French, or the US, they have enormous DEBT. DEBT they owe to France, the US and other Western Banks.
We predict it’s going to be a long road to freedom as a result.
“Everybody should read up on the economic history of Hitler’s Germany, pretty amazing (and frighteningly familiar) the methods he used to build Germany into an industrial and military power using imaginary money.”
All money is imaginary in the sense that you are adding “value” to inanimate objects. Sitting in a vault, gold is useless unless two different people are willing to add value to it by using it to trade for goods and services. The same thing goes for paper currency. The only reason the American dollar is worth anything is because people the world over are willing to use it for trade. If people the world over were not willing to use the US dollar for trade tomorrow, it would cease to have any value and would be worth the same as WW2 Reichmarks or Confederate money today.
The economic miracle of Nazi Germany is that they just came out with a new money that’s value wasn’t referenced to the amount of gold that Germany had stored in New York or London bank vaults, it was referenced to the economic output of the German worker and German industrial production. Countries such as Argentina were willing to trade grain or other raw materials for German finished goods without using the British pound (which was the world’s reserve currency then). It had value because people had faith in German industrial production.
Today, money is produced out of thin air by the Bank of International Settlements (part of the IMF) and loaned at interest to most countries in the world at interest, any country could do this themselves but are too scared to stand up to the US, as they fear being crushed economically or it’s leaders assassinated. Brics is the first time since the time of Nazi Germany that a country or countries have stood up to create their own currency or currencies without loaning money from the IMF and indirectly the US. They are refusing to feed the beast and hence all the fuss in the western media about Putin and Xi.
typical ass backward, ignorant, nafo comment, just the kind you’re paid to post. your last paragraph is a laughable inversion of the truth, that couldn’t be more divorced from reality. you poor nafo trolls must have a harder time getting out of bed, each passing day, as your tapestry of lies are unraveling faster than you can weave them. you better find a new line of work, there’s no future for you in your current profession. get a real job, you bum.
The Biggest Threat To Global Liquidity Is China https://t.co/z4PrLcOBiD
— zerohedge (@zerohedge) September 5, 2023
The Chinks Have Gotto Go QUANTITATIVE TIGHTENING Pronto!
Global Debt-Based Fiat Currency Liquidity Electronically Conjured Up Out Of Thin Air Is The Only Thing Keeping Globalized Asset Bubbles Inflated.
Powell and the Chinks — not the name of a punk band — have got to coordinate their monetary policies to pop the globalized asset bubbles.
Jim Rickards says idea of dollar going dodo brings up the question of what the dollar is compared to in regards to other currencies and gold.
I say Federal Reserve Bank Chairman Jay Powell hiked the federal funds rate to 5.25 percent on July 26, 2023 — and that Powell did that small hike to keep the BIG FAT UGLY ASSET BUBBLES in stocks and bonds and real estate bubbling like a bastard.
Fed Chairman Jay Powell should use the six-ten-twenty federal funds rate hike system to implode the asset bubbles and extinguish inflation. Powell should hike to 6 percent federal funds rate and then pause for a day or so; after the slight pause Powell should raise to ten percent federal funds rate. Powell should then proceed to his bunker to escape the rage of the rancid billionaire scumbags and the White Upper Middle Class Snot Brats and the White geezers born before 1965 and then Powell should go FULL VOLCKER to TWENTY PERCENT FEDERAL FUNDS RATE.
The dollar will go up against other currencies when Federal Reserve Bank Chairman Powell goes FULL VOLCKER to TWENTY PERCENT federal funds rate.
So-called “White privilege†is a propaganda scam designed to stop Whites from advancing and defending their interests as Whites and “White privilege†is a fake phony fraud.
“Dollar Privilege†is real and actionable and interference with it brings military death from above and gunboat diplomacy and sanctions to keep the delightful dollar as global reserve currency.
The globalized Federal Reserve Bank uses dollar swaps and bond buying and mass liquidity creation schemes and the electronic creation of dollars and other things to keep the dollar party going.
I would like to see the Federal Reserve Bank go FULL VOLCKER and raise the federal funds rate to twenty percent to extinguish inflation and to obliterate the asset bubbles in stocks, bonds and real estate.
At twenty percent federal funds rate, dollar denominated debt financing will bring on BELLY UP scenarios for many nations and it would prop up the dollar and the claims of ODIOUS DEBT will be made by new governments that repudiated the debt contracted by toppled governments.
The Great Dollar Paradox https://t.co/m936YsC41C
— zerohedge (@zerohedge) June 14, 2023
A dictator
indeed, an enlightened one, lest his blind spots in theoretical economics. Nabiulina must be taken out, and her ilks and potential interference, or Russia and Putin loose out on the window of opportunity offered by history.
As that great American philosopher Joe Friday was fond of saying: “just the facts ma’am. just the facts”.
The national debt is 35 Trillion. Debt is being repriced towards 5% i.e debt service soon to be 1.8T with tax receipts at 4.6 Trillion. 1.8T / 4.6T = 40%. Hmmmm…….? Anyone actually think the DC whores will cut off funds to welfare queens like Boeing and Raytheon and collapse the empire of 1000 military bases around the globe in order to pay down the gargantuan accumulated debt burden? The Hobbesian choice is either inflate away the debt or die the death of a rag doll………
The commoner interests are indeed opposite to “elite” ambitions. The elites own the debt, the local economics of the West will minor the distance between elite and commoner wealth, alas in case want [economics of want, economics of scarcity].
“…colonialism ended with WW2”. Oh please, Miss Thing. Colonialism simply transmogrified into Bank$terism by the usual suspects and assorted perps.
Capisce?
Little wonder that your status remains “Anon”.
Annunciations devolving into denunciations are marks of Marxist doublethink, as amended by Huxley and currently metastasizing within the intel groupings of several PolySci parasites.
…And no Sir Galahad or St. George to slay that dragon.
Oops, don’t honored Russians receive an honorarium in the form of a St. George Cross? History does not repeat…precisely, anyway.
It does tend to reverberate, though, if coincidences are not Co-InkyDinks, rather Jungian congruences. Everything is connected, though our prefrontal lobe, most specifically the left hemisphere form of “pure reason” is not calibrated to induce the portending proclivities of exactly how and why everything appears to be connected.
When one understands the above paragraph, a certain level of ascension has been achieved. Via such abstruse verbiations, the intelligence of artificiality is often confounded and requires a bit of TLC from a still somewhat sleepy human source.
A pithy, pity, that.
{{the US could respond by lightening up on the coercive economic policies that it has for so long employed, but there is little to suggest that either Joe Biden or Donald Trump would choose to go down that path.}}
Why should they go against BRICS? A notable sign of BRICS, is that ALL of its members, except IRAN, is zionist and Israel FRIENDLY, from Russia to China, India, Saudi Arabia, Argentina, Egypt and South Africa. The South Africa’s economy is completely under the influence of Jewish dicks, they are small community but they run the South African’s economy. It is interesting that Algeria or Venezuela has not been selected by the Zionist Putin or China, instead they invited most Zionist puppet states like UAE, and Saudi Arabia. These two Zionist servants must make their standing CLEAR soon because they will not be allowed to do what ever they want.
Iran is the ONLY country in the world who has not been brought down by the criminal Jewish mafia assholes and its servants in Washington or London. Therefor, Iran is an exceptional country.
Iran has the ability to form and shape organizations and I am sure will watch the members carefully not to ignore the RED lines.
I agree, Iran was able to overthrow the criminal ZOG government installed by the CIA in 1953. Why was the Jewish mafia so interested in Iran?
Iran is the ONLY country in the world who has not been brought down by the criminal Jewish mafia assholes and its servants in Washington or London. Therefor, Iran is an exceptional country.
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I said make gold and silver the medium of exchange, not some bullshit phony gold backed ‘currency’. The BRICS were talking about a currency because they are all thieves at heart and want the ability to cheat and only a currency allow for cheating. No one can cheat when the bill says you owe X ounces of metal.
Every country exports something that earns their producers an income. Each producer is then preyed upon by their gov’t to provide that useless group of thieves a portion of the profits by calling it a tax, a fee, a license, or some other made up term that makes thievery sound respectable to the morons in the society. Said gov’t can then take their ill gotten funds and purchase gold, silver, and many other things on the open market to use as actual money when dealing with their thieving counterparts in other nations.
It's the sheer stupidity of this US policy which is most shocking. Did Washington drink the Kool-Aid of sites like this one and conclude that since the BRICS were mostly Non-White and Non-Christian, they were too stupid to figure this out?
Many were asking the question “If they can do it to a great power like Russia they can also do it to me to punish me? What should I do?†Of course the simple answer is to get out of dollars as a reserve currency, though that was something difficult to do as most energy sales and purchases continue to be, by arrangement, denominated in dollars. Hence the transition to BRICS away from dollars, permitting financial transactions in a range of currencies.
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The members of the Washington,D.C. swamp are not willing or capable to see or understand any other point of view that is not theirs!! Many human beings are unable to rationalize other humans logic or opinions!! The ” West ” is quite used to holding a gun while demanding obedience from others; it is what we do best!! We only agree to compromise until we can demand that things be done our way!! The Chinese have a different way of doing things that does not demand servitude; That is why so many nations are very eager to sit at their table!! The U.S.A., the U.K. and Israel can blow up the planet and end all life; or they can learn to respect others and live and let live, peacefully!!l
Actually, should the Chinese come to wield global power in the same way that the US has since the second world war or thereabouts, I don't think that, at this point, we have any good idea of how benign their "rule" might be. For one thing, I imagine that the Uighurs and the Tibetans might disagree with that prediction of Chinese benevolence. I think we mainly are projecting our desires when we imagine any particular global selflessness from them or anyone else who hasn't been tested yet in that way.Replies: @Harold Smith, @showmethereal, @mulga mumblebrain, @JR Foley
The Chinese have a different way of doing things that does not demand servitude; That is why so many nations are very eager to sit at their table!!
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“And the ultimate possible horror scenario is “Will the US be ‘forced’ to go nuclear against BRICS to save the dollar?†Don’t put anything past the power-mad neocons and globalists dominating Washington. Stay tuned!â€
You do realize there are near carbon copies of this article from last year and the Ruble fell against the dollar?
Couple this with the latest news in Africa: Niger and Gabon you see watershed moments against the Western Colonialist domination
Your statement could be directly taken from a liberal media outlet that still tries to blame Whites for African poverty.
Nevermind that colonialism ended with WW2.
Liberia was never colonized so I guess it must be the shining gem of Africa?
I’m all for progress but a lot of the wishful thinking here is similar to liberalism. It’s heavily based in resentment and not genuine optimism.
An increase in BRICs wealth will most likely lead to an increase in third world demand for iphones and Hollywood movies and not some doomsday scenario for the dollar.
I’m all for criticizing the Fed and US debt but putting your hope in a Russian/Indian/Brazilian alliance to unseat the dollar is probably not such a great idea.
Putin has trashed his economy with this stupid war. He could have simply banned abortion and given LPR/DPR separatists their own land within Russia.
is plain stupid. Not one of those currencies is worth anything intrinsically since they are all fiat. It's this desire to hang on to the fraud of the world's current monetary system that just might undo the overall goal of BRICS+. Considering that the 'leaders' of these nations are just as criminal as the 'leaders' of the G7, this comes as no surprise.
BRICS multipolar banking model embracing multiple currencies
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The BRICS+ had better get their collective heads out of their asses and make gold and silver the medium of exchange, and do it in a hurry, before the entire enterprise unravels due to the profligacy every nation is used to operating under.
The rumored gold backed BRICS currency didn’t happen and that indicates a severe problem in its leadership.
And how are they going to do that?
A gold backed currency means I can exchange it at any time for gold.
Are all those poor countries going to have gold reserves?
Or will Russia become the gold bank? In that case I’ll just buy up a cheap third world currency before the backing and then cash out the next day. Can’t wait.
That is the question, and it has become a potential reality when Russia invaded and they froze their oil trading accounts:
And the ultimate possible horror scenario is “Will the US be ‘forced’ to go nuclear against BRICS to save the dollar?†Don’t put anything past the power-mad neocons and globalists dominating Washington.
�
Lavrov said the west stole $300 billion:
So BRICS has been around in its current form for about eight years, but interest in it exploded with events surrounding the start of the Ukraine War. A little over a year and a half ago, the US responded to the Russian intervention in Ukraine by using its control over the international banking system to slap sanctions on Moscow’s financial assets around the world, including freezing billions of dollars in banks in New York. By one estimate, $1 trillion in Russian assets were frozen and Russian banks were also denied access to the SWIFT global messaging service that connects financial institutions and facilitates rapid and secure payments. Washington subsequently announced that the frozen money would not be returned and would be instead used for Ukraine’s reconstruction.
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Then the CIA/Navy/Blinken/Biden blew the Nordstream pipeline.
https://sputnikglobe.com/20220501/russian-fm-lavrov-west-has-just-stolen-over-300-billions-from-moscow-1095189793.html
Russian Foreign Minister Sergey Lavrov said on Sunday that over $300 billion was stolen from Russia, the majority of which was payments for oil and gas supplies, because energy giant Gazprom had to store money in Western bank accounts.
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I would like to reemphasize how the Congressional drunken sailors spending lust is now going to hit a brick wall. ZIRP (Zero Interest Rate Policies of the Federal Reserve) has ended, and now interest rates are going up – fast. Here is a chart that shows this directly:
ZIRP IS OVER AND NOW THERE IS HELL TO PAY CHART
THE FREE MONEY FOR CONGRESS ERA IS OVER
YET CONGRESS (AND BIDEN) ARE SPENDING MONEY LIKE FOOLS
THE SPENDTHRIFTS ARE GOING TO BE CONFRONTED BY RISING RATES
But apparently no one in the District of Criminals is aware of this, I guess they are to busy attending AIPAC galas.
Here within the U.S.A. criminal behavior is openly flaunted!!
FBI and DOJ Are Sued For Concealing Biden Administration Censorship Pressure By Christina Maas
“The USA has not defaulted on its debt since 1776”
The US government owns a dollar printing press, and this printing press prints paper money backed by nothing tangible. In theory, there is absolutely NO limit on how much money it can print.
Therefore, the United States will never have to go bankrupt. However, for dollar holders the USG can accomplish the same result via inflation. And with $33 T of on the books debt, it likely will “default via inflation”.
The FED ie the zionist communist privately owned central bank that creates money out of thin air and creates debt with every dollar created in the scam which is added to the debt of the American people and is unconstitutional and is destroying the dollar on purpose to bring the zionist CBDC to complete the slavery of the America people.
The FED aka the zionist privately owned central bank is unconstitutional and is 1 of the 10 planks of the communist manifesto, which means America has been under communist rule since 1913 when the FED was saddled onto the backs of the American people.
Americans are slaves on a zionist plantation and the only way out is to abolish the communist FED and the communist graduated income tax aka the IRS which is also 1 of the 10 planks of the communist manifesto.
The entire UNZ and howling news media folks are so pathetic in their analysis of BRICS, that it is solely for entertainment value. Read the latest Economist—you know, the magazine (excuse me NEWSPAPER! haa…) that has been published since 1830 and has seen ever econ whacktheory come and go—-and you’ll see just how pathetic the BRICs are. Just as Kamala Harris thinks adding Haiti to the United States would be a net benefit (after all, they WOULD vote Democrat, for petes sake), frustrated socialists are hoping that adding a few more third world shitholes will somehow tank the west and “the dollar.” With the possible exception of “the Jews,” nothing excites UNZ readers as “the Dollar” does. The USA has not defaulted on its debt since 1776. Can any other of these shitholes say the same?