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August 23rd was a big news day all over the world. The western media’s focus on the events of that day was solidly on the unproven claims that Russian President Vladimir Putin was behind the sabotage or shooting down of an executive jet that killed his former associate Yevgeny Prigozhin. In reality, however, there was a far more important story that was coming out of South Africa. In fact, Putin had a far more important job to do on that day due to his desire to make progress in stripping the United States of its dollar hegemony. Putin was engaged by videolink in the discussions taking place in Johannesburg regarding expanding the so-called BRICS monetary union, in part to include measures that would diminish the dominance of the dollar in the world economy. That objective would have been damaged severely if Putin had been implicated in the spectacular public assassination of a rival on the same day as the BRICS meeting that would have been not only an embarrassment but also very damaging vis-a-vis his credibility as a statesman. If Putin had really wanted to kill Prigozhin, there were less politically damaging ways to do so and as of this writing the cause of the airplane crash remains unknow. By one theory, the death of Prigozhin was carried out by an airplane bomb planted by US or British intelligence working with Ukrainian agents inside Russia to discredit the Russian leader, knowing that even if he were innocent he would be blamed for the killing, which is precisely how the story has been developing in the US and Europe.
The name BRICS comes from an acronym for Brazil, Russia, India, China, and South Africa. Goldman Sachs economist Jim O’Neill reportedly coined the term BRIC (without South Africa) in 2001 and the group was set up a few years later using the acronym. Recently, the drive to expand BRICS has gained momentum as a result of the completely avoidable Ukraine war. The venerable status quo for international finance was developed in the wake of the Second World War at Bretton-Woods, where the instruments of the World Bank and the International Monetary Fund (IMF) were created, to include endorsing the dollar as the de facto world reserve currency for many transactions. The entire structure is, by design, managed by a transatlantic capitalist cabal based in Washington.
There is currently only limited competition to the IMF and World Bank in the global marketplace for credit, loans, issuance of money and capital, the power to grow and develop economies, project finance, and to stay competitive with the influx of much needed capital to house, clothe, educate, or feed the people of the world. And the United States knows that and uses its control over the financial system to keep countries in line politically.
The BRICS banking model, based as it is on a multipolar world with multiple currencies and lending arrangements, has offered an alternative to this out-of-control monster of a global banking monopoly maintained by the IMF. This is why 132 nations, which had been calling on the UN for a new financial model, immediately saw hope in the BRICS alternative banking and financing initiatives which began to take shape in 2015. Within the first year, 57 countries formally joined the China-led Asian Infrastructure Investment Bank (AIIB), constituting the first total break from the Western Bretton Woods institutions, with initial capitalization of the BRICS New Development Bank stated to be $100 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. That set off warning lights all around the world, though there had already been similar behavior on the part of the US in relation to Iranian and Venezuelan assets. 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.
The annual meeting of BRICS Partner Countries Business Forum, as they refer to themselves, took place in Johannesburg South Africa over August 21st-24th. Meeting host South African President Cyril Ramaphosa announced that Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates will formally join the BRICS group of nations as their candidacies had been approved by leaders of the current member states. The six newcomers will become full-fledged BRICS club members starting in January 2024. The club, which is the inner circle of the banking system, currently consists of the founders Brazil, Russia, India, China, and South Africa though there are many other non-members who enjoy limited banking privileges, including Britain, France, Germany, Italy, New Zealand and Australia. The desirability of BRICS expansion topped the agenda of the summit in Johannesburg all week. Russian President Vladimir Putin, whose nation will take up the rotating BRICS presidency next year, spoke to the attendees via videolink and thanked the host of the summit for his hospitality and contribution to the successful outcome.
Chinese President Xi Jinping actually attended the summit meeting, as did the heads of state of Brazil, China and India to discuss a broad range of geopolitical, economic and trade issues. President Xi declared to the group that in the context of BRICS’s growth “China stands firmly on the right side of history, and believes that a just cause should be pursued for the common good.” He also denounced the United States indirectly, saying that “some country, obsessed with maintaining its hegemony, has gone out of its way to cripple the EMDCs (emerging markets and developing countries).” He argued that attempts to punish and contain developing countries would be “futile,” and that “the collective rise of EMDCs represented by BRICS is fundamentally changing the global landscape…[as] EMDCs have contributed up to 80% of global growth in the past 20 years.” He added that “I am glad to note that over 20 countries are knocking on the door of BRICS. China hopes to see more joining the BRICS cooperation mechanism.”
BRICS multipolar banking model embracing multiple currencies and the resources made available through its New Development Bank are clearly concepts whose time has arrived and its membership will likely surge over the next several years as the US continues to seek to rule the world through sanctions that destroy economies and impoverish whole nations, such as it currently does in Syria and Venezuela. In its closing document from the summit, the attendees indirectly attacked US use of sanctions, stating that there should be “concern about the use of unilateral coercive measures.” There is particular resentment throughout much of the developing world of US attempts to use primary and secondary sanctions to coerce countries that are disinclined to do so into supporting the NATO war effort in Ukraine.
BRICS enjoys certain advantages as it grows including the leadership of China, which might already be the world’s largest economy, as well as the commitment of developed fast growing large economies Russia, Brazil, India, Saudi Arabia, the United Arab Emirates and Iran. The expanded BRICS includes 36% of the entire world’s GDP (larger than the G7) and 47% of the world’s population. BRICS member countries will soon control nearly half the world’s energy resources and if Venezuela, Algeria and Kazakhstan are included as new members as early as in 2024, it may control as much as 90% of all oil and gas traded globally. It is reported that as many as forty new countries have applied to join alliance. Even the Vatican has sought membership as an observer.
The rise of BRICS means that the US dollar will, at a minimum, lose its relative monopoly on oil and gas trades and sales. The dominance of dollar economics will thereby inevitably fade and the dollar will surely decline as the world’s top reserve currency, though it will undoubtedly continue to survive in that capacity in parts of the world where the US continues to have considerable political and economic leverage, like Latin America. What will the outcome for the United State economy and for American citizens be? It is hard to calculate, and some are predictably dismissive of possible negative outcomes, but the dollar will inevitably shrink in value, hurting consumers, and Americans will undoubtedly find many potential markets closed to US development and investment. That is in part why there is such a panic about China on Capitol Hill. China does not pose a military threat but it out competes the United States globally and, operating through BRICS and other mechanisms it is already the lead nation in a highly competitive and attractive economic alliance that decisively rejects the American and Western European model. Of course, 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. It is the American consumer and tax payer who will suffer and have to pay the price for whatever missteps they make. 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!
Philip M. Giraldi, Ph.D., is Executive Director of the Council for the National Interest, a 501(c)3 tax deductible educational foundation (Federal ID Number #52-1739023) that seeks a more interests-based U.S. foreign policy in the Middle East. Website is councilforthenationalinterest.org, address is P.O. Box 2157, Purcellville VA 20134 and its email is [email�protected].
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Even Nazi Germany never had its assets stripped the way Russia has just recently.
It could have been done, to my understanding, but wasn’t.
The key point is that because of “free trade”, half of what we buy at local stores comes from overseas. If the dollar crashes and loses it half its value, your shopping costs go up 25%.
Giraldi: “ The six newcomers will become full-fledged BRICS club members starting in January 2024. The club, which is the inner circle of the banking system, currently consists of the founders Brazil, Russia, India, China, and South Africa though there are many other members who enjoy banking privileges, including Britain, France, Germany, Italy, New Zealand and Australia.”
Britain, France, Germany, Italy, New Zealand and Australia are MEMBERS of BRICS?????
Either terrible writing, or Giraldi wrote this part after a massive bong hit, or this is the scoop of the year and I’ve been completely misinformed by Escobar and Hudson.
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?
In my opinion only the timng of the Dollar’s fall is in question. Within a month – or several years down the road: it sure looks like it’s going to happen. That the White House and Congress are both turning into top-of-the-line nursing homes at the same time as the Dollar’s teetering may not be a coincidence. Having a nation under the control of “end-of-life” politicians probably isn’t a good idea.
Not without a fight.
This all started when the USD was totally de-linked from Gold in 1971.
The Pax Americana that was founded at Bretton Wooda in 1944 is over.
The USA is horrifyingly similar to Rome in the 4th Century today.
Time to start shittin’ BRICS.
Quite possibly. It has long been considered and reasonably so as the exorbitant privilege is thoroughly resented. Nevertheless BRICS as a challenger may have an achilles heel which would alter the effort to dethrown the dollar immensely.
The concentration of petroleum production in the hands of the BRICS could be devastating rather than empowering if a major collapse in the use of petroleum for energy were to occur. Efforts to find alternative sources of power have been ongoing for decades. Here I exclude the so-called Green Energy sources and speak of scientific revolution and the overturning of long held scientific ideas. The ideas not necessarily held by scientists, but political and geopolitical types whose view of the scientific world helps define their views of political and geopolitical reality.
In this political worldview of technology petroleum remains important in energy production for a long time into the future even if lamented by many. The BRICS states would wield immense power from petroleum production because the world needs energy and petroleum is at the center of world energy production.
But suppose it is not so? Technological revolution has been particularly absent from our time. So much so that most people have forgotten that it exists. Suppose this is not so. Suppose a revolution in energy production is occuring but is being ignored by. all not directly interested in such things. What happens then to these well made plans.
I submit that we are closer to an energy revolution than is often supposed. The US has the seeds of such a revolution and the US may find it finally worth its while to promote such change if control of the oil market falls to the BRICS. Weaponizing technological change, when possible, is as reasonable as any other weaponization. Reasons to openly back such change seem to be coming with the rise of the BRICS. See the Brilliant Light Power website for a taste of what may come.
“Will the US be ‘forced’ to go nuclear…”
That’s the question wherever Uncle Sam is faltering. The bully is such a poor loser.
Video Link
That is the question, and it has become a potential reality when Russia invaded and they froze their oil trading accounts:
Lavrov said the west stole $300 billion:
Then the CIA/Navy/Blinken/Biden blew the Nordstream pipeline.
And if that wasn’t bad enough, European Commission President Ursula von der Leyen said Saturday that it would be “unthinkable” for Russia not to pay for Ukraine’s reconstruction.
So it is very clear the west (at behest of Jewry) is sticking it to Russia. Stealing $300 billion (or a trillion) is a serious act of war, as is blowing the main gas pipe to Europe, then dictating terms to Putin and Russia for the repair bill an insult. IMO outspoken Ursula is big on grandiose proclamations and short on diplomacy and wisdom.
So why doesn’t Russia take all or part of Ukraine, since they are getting screwed and billed? And I am quite sure Ursula is going to divvy up the stolen Russian loot to bail out the failed socialist states of the EU. IMO Ukraine will never see a penny of that reconstruction money, the EU has thrown Zelensky and Ukraine under the bus. I am quite sure the EU bureaucrats are salivating over the stolen Russian oil trading money, as are Jews like Blinken, Yellen, and the senior VPs at JP Morgan. That is a serious chunk of change that a whole lot of unscrupulous actors will want to pocket.
So one thing is for sure, Russia is never getting their dime back.
So after all of this drama, Russia is pushing hard for an new clearing system to compete with SWIFT. And you have to wonder why they didn’t do that long ago. But that is what is happening and then the question is, how does that affect the US Dollar.
Well I have an idea, the USD must stay strong (relative to other currencies) or the US Gov will go under. The United States has nearly 33 trillion in debt, and every penny they are planning to spend must also be financed. So when the hegemon loses it’s monopoly they will be forced to compete in the debt markets for buyers. Thus, it seems, interest rates must go up to keep the hegemon financed as the world runs to BRICS alternative system.
Three things coming down the Albert C. Pike freeway to hell, interest rates are going to keep going up, deficit spending will continue to be out of control, interest on the outstanding debt is set to soar past 1 trillion a year any day now, then rapidly keep going up to 2 trillion or higher. This gross fiscal mismanagement, where they spent money like mad when interest rates went to zero under ZIRP, has now reversed – yet they are still spending money like mad – clueless about that gravy train is over.
Does anyone doubt the fiscal crisis in USSA is going to end badly?
So since the drunken sailors will never curtail spending, another thing is going to happen, US Treasuries will be downgraded again … then again. And that means as the US becomes a banana republik, they will have to pay more to float debt. So it is not looking good for US borrowing needs – especially as the world moves to BRICS which is also proposing a gold standard currency.
Once BRICS gets rollin’ then nation after nation will act in their self interest and abandon the USSA Titanic going under. And eventually, maybe sooner than anyone thinks, the US Government will be forced, by the credit markets, to drastically reduce deficit spending. Like any bankrupt spendthrift, the day comes when you get cut off. Of course people will say they will just print money, but maybe not, because the bond market can get spooked.
Deep State mistakes and lies keep piling up on top of each other and compounding interest.
Germany didn’t have any where near that kind of foreign reserves that Russia did in 2021, or China even today. Versailles and all the crippling reparations had already stripped Germany of all her foreign reserves. The English Pound was still the worlds reserve currency. Germany didn’t even have any gold reserves.
One part of the Havaara agreements was that as Jews left Germany with their wealth in Reichmarks, the only way they could spend that money was through German imports.
Two more weeks. Backward brown savages from shithole nations are coming to save you.
How many more beatings can the dollar take? It’s become the Chuck Wepner of world currency.
For the good of its people, the US should follow the lead of other nations around the world, throw off the predatory “neocon” Zionist Jewish banking mafia, and join BRICS.
No, this is not going to take out the dollar.
But, yes, this will make it more difficult for the US government to go to total war in Ukraine.
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:
https://en.wikipedia.org/wiki/Antony_C._Sutton
Mr Unz himself has written extensively on the faked histories of WWI and WWII on this very website.
It must. It has to. For the sake of the whole World.
I only pray that it happens before the criminally insane psychopaths in DC have a chance to do something that will result in the utter destruction of the American people.
It was done to Weimar Germany after wwi.
No.
Escobar and Hudson have cornered this market so intensely…..I’d forgotten about Giraldi!
What could be the incentive for the author to link Prigozhin to the Dollar? Putin to not being the emanator of the mandate to the Prigozhin “accident”?
Attention seeking [author]? A quick and dirty hack of an article.
A classic conflict of interest. The IMF as a concerned player advancing data to then build analysis on. The lie is in the data advanced. Thus any analysis becomes nihilistic.
The thing about money is whether anyone else will accept it. I have 50 trillion in Zimbabwe dollars or $0.75.
The US dollar was (forcibly) used as both a store of wealth and a relatively stable means of transaction. The Weimar Deutschmark taught countries not to trust the issuer of debt and at Bretton Woods the world’s greatest creditor said “From now on we will only trust our US money and you guys must do the same.” The US said “We will lend you money to buy our goods, but you must store your gold in the US as a guarantee.”
This worked great until someone said “Could we please see our gold that you are keeping for us in Fort Knox.” Then all hell broke loose and Nixon took the dollar off the gold standard.
It is the giver of credit that holds the reins and for 50 years US was that country, not any longer. When the US went into being a debtor country instead of a creditor country, the position changed. But to keep it’s bargaining position the US went over to military punishment for any country that challenged the financial status quo. Ask Castro, Hussein and Gaddafi.
Currently, the US has no products that anyone else wants. There used to be thousands, including entertainment but now …
The last product was the intellectual property of ‘microchips’ this was exported to Holland for development and Taiwan for production whilst the fees kept pouring into the US. Now China has beaten the microchip business and there is nothing left of US that cannot be sourced better and cheaper elsewhere.
The US has to borrow money to buy the products that Americans need on a daily basis, but have nothing to offer in exchange. So far about $12 trillion of the US $32 trillion debt is held by countries that have given US credit in return for delivering real products. (The other $20 trillion is held by Americans investors [pension funds] or are book-keeping BS between government accounts. Social Security is guaranteed by a government promise, good luck with that.)
So if Spain says to China “I want to buy 2 million TVs, and I will give you $50m in US treasury bonds.” China says, “Hang on, we already have $1 trillion, and don’t trust the US to give us anything of value in return. Can we please have something of actual value like Olive oil or tomatoes.”
Or Spain says to India “I want to buy 2 million tons of cotton, and I will give you $50m in US treasury bonds.” India says, “Hang on, we already have $300 billion, and don’t trust the US to give us anything of value in return. Can we please have something of actual value like Olive oil or tomatoes.”
At which point Spain says “Alright, what about 80 million Yuan? Will that be OK.” India says “Sure, we need 50 million TVs and Chinese are not taking dollars any more.”
The US hegemony is over because no can trust the Americans or their economy and no one fears them as they used to. Yes, US can cause pain, but now there are alternative countries that will support you.
Turkey wanted (and advertised) to join BRICS right up until they lost 60,000 people and countless billions in an earthquake. Now suddenly Russia is not a friend anymore and BRICS is off the table.
In 2002 I advised a Central Bank to look to Roubles and Yuan as a store of wealth, I was right but forgot the first rule of economics.
“In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.”
— Rudiger Dornbusch
I was out by 20 years, my bad.
BRICS South Africa conference statement gave strong support for IMF just ‘more inclusive’ LOL … looks like BRICS may indeed be NWO 2.0, just non-Anglo, non-USA, non-European, non-led by wypipo
1979 reggae song of wishful thinking by Peter Tosh, from his album ‘Mystic Man’
Video Link
Very unlikely, WW2 was about the destruction of N.S. Germany.
Brics must make it an iron clad rule never to allow membership to western countries and their Asian vassals. They are malicious,malignant Trojan horses who will do anything to further US objectives, including sabotaging the org from inside
Mayer Amschel Rothschild famously stated “give me control of a nation’s money supply, and I care not who makes its laws.”
After Waterloo, the Rothschild Cabal got complete control of the Bank of England and the English money supply. Gold was money and the worlds reserve currency. It would remain so for another 150 years. Silver and paper fiat were the working man’s currency.
In 1848 large deposits of gold was discovered in California and the gold rush began. In a decade the US civil war had begun. In 1884 large gold deposits were discovered in South Africa, and in a decade the Boer Wars had started. As Russia was developed, oil in Baku and gold were discovered. In 1905, the first attempted Judeo-Bolschevic putsch was attempted, and in 1917 succeeded.
It can be argued that one of the main reasons that Judea was so horny for WWI was to maintain Rothschild Cabal’s control of money supply.
It is often said that WWII was inevitable because Hitler refused to allow the Rothschild Cabal to control the German money supply and Central Bank.
Today, Judea controls the US and the US dollar is the worlds reserve currency. It is unfathomable that the Rothschild Cabal would allow control of the money supply to slip out of their control without major repercussions, if not a world war, even a nuclear one.
I don’t think that these Rabbis working with the King of the Jews for centuries for the final destruction and elimination of Rome are going to allow all their centuries of effort simply fail without some kind of far bigger plan.
I do not profess to know what that plan is, especially since we cannot be certain that it is really the Rothschilds at the top of the pyramid. I can only guess as to why Israel wants to start a war between US/EU and Russia/China: Genocide.
Actually this may not be bad for the commonfolks.
Amazon wont be able to secure its supplies from the rest of the world and huddle them in its various dispersed warehouses and then drone them at the door stpes.
Transportaion cost will weigh in also for e commerce and for big chain industries . Local buisness will strat mushrooming and towns will revitalize.
The dollar does not have to disappear, but its use as an instrument to plunder the world seems to be coming to an end. Reality has shown that imposing on nations the eternal use of credits with a currency that is created out of thin air by another nation was only a modern substitute for slavery.
Almost as bad as joooooz.
Have you seen 👀 my culling posts? 😆😈
But you’re smart Sol, trying to divide and conquer.
You’re probably going to try to sanction your landsman Unz too. 😆
Your days are numbered Hymie or The Second Coming of our Lord JESUS is around the corner, either way, earthly or spiritually, you lose.
Idiotic babble meant to obfuscate the truth that white Europeans had enough of the jewish Bolsheviks and paid to get rid of them with their money and labor.
It would be more interesting if you had pointed out what are those alternatives sources of energy that might be about to come online by technological breakthroughs. So far you are just the typical physicist that when facing the problem of getting out of a hole starts by: let’s assume I have a ladder …
Imo, it started in 1913 with the institution of The Federal Reserve & income tax. These abominations directly lead to the creation of an 100% fiat dollar for the people in 1933 & then for governments in 1971. The dollar went up in value(purchasing power) for the previous century before 1913, it’s been downhill since then.
If BRICS11 want to dethrone the dollar, all they would need to do is make their currencies directly convertible to gold/silver/copper. They know this but are attempting to fell the tree with complete control so to keep anyone from getting pounded after calling out “timber”.
“America likes to think of itself in garlanded terms. The shining city on a hill. The indispensable nation. The land of the free. There’s something to each sobriquet, to be sure. But there’s another phrase, not 0always so flattering, that also applies to the United States: global empire.
“To call America an empire is admittedly to court controversy or at least confusion. After all, the United States claims dominion over no countries and even prodded its allies to renounce their colonies. But there’s an illuminating precedent for the kind of imperial project the United States forged after the war: the Roman Empire.”
https://www.nytimes.com/2023/09/04/opinion/america-rome-empire.html
Scholars when trying to alert Americans of the unfolding decline , still have to tip toe around fantasy,imaginations,and reality .
Its the ‘ global empire’ that is real and appellations like – –Shining City, Indispensible nation ,or land of free are fantasies and imaginations.
Labelling America as empire should not confuse anyone if we stick to the fact that empire serves one function and one function only –
– grabbing and trasporting wealth from lands who are powerless to stop either physically or technologically,or by inventing different financial or econmic system . Often all of the above are deployed by the empire as it gets sophisticated .
People can add other forces like soft power that come from Harvard,MIT, Hollywood,Golden gate ,Rushmore, Times Square at summer night or Peace Corps. Language,word,lexicon and phrasal inventories are added at its disposal ranging from
Godless country to Anti LGBT Gas Station, or from deeply conservative pious islam to radical islam or islamofascism , from Illegal Enemy Combatant to Rule based World Order , With us or against us to diversity ,pluralism and universalism.
Over in China, a surprise was waiting for US as the last in the line – up was to land . China has manufactured the needed chips without relying on any of the outside suppliers for building Huwaei phone.
One by one the domino is falling but them standing up to a new shape and new arrangement.
Nuclear is always possible, and these are desperate men… However they will (arguably are now) use germ warfare. Not to flog the guy, is serious stuff… see https://l-hora.org/en/biological-weapons-a-useful-and-timely-factual-overview-larry-romanoff-global-research-02-07-2020/
Do take time to read the corpus of Larry Romanoff on GW, and Jeffery Kaye at Medium as well.
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.
The rumored gold backed BRICS currency didn’t happen and that indicates a severe problem in its leadership. Every country wants to use their colored toilet paper to buy real goods from the other members, assuming they will cheat the best. This is a recipe for disaster, a race to the bottom, especially when some of the new members are economic basket cases.
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. Duplicating the failing system in this new enterprise is not the way to succeed.
There will be a war
Ron Unz just posted an article on this yesterday. How many articles on the same subject do we need?
I think he meant they’re members of that bank, not of BRICS itself.
I have the same data from the IMF.
In these data, between 1stQ 2000 and 1stQ 2023, the USD has dropped from 71.5% ot total allocated reserves to 59.0%, a loss of 17.5% of the market.
There are two downturns in the USD time series, one staring in 2000 and the other starting in 2015, and the one started in 2015 has a faster rate.
So a fall is taking place gradually, and the question is whether there is a threshold at which the gradual decline becomes a downward slope that causes a significant devaluation.
Many things work like that in nature due to nonlinearities and feedback loops and a famous writer put it this way: How did you became bankrupt? Gradually first, then suddenly.
A healthy USD as reserve currency would not decline in its market share, not even gradually, so your No is unwarranted.
$ = Ponzi + racket. Did any really believe it could last forever?
Italy ex-PM alleges France downed passenger jet in bid to kill Gaddafi
https://www.politico.eu/article/giuliano-amato-muammar-gaddafiv-itavia-flight-870/
A former Italian premier is contending that a French air force missile brought down a passenger jet over the Mediterranean Sea in 1980 and is appealing to France’s president to respond
https://abcnews.go.com/International/wireStory/former-italian-premier-claims-french-missile-downed-passenger-102882015
ROME (Reuters) – Rome prosecutors have reopened a probe into a mysterious plane explosion off Sicily in 1980, after former Italian President Francesco Cossiga said the plane was hit by a French missile, Italian media reported on Sunday.
No one was available at the Rome prosecutor’s office to confirm the report in Italian newspapers.
https://www.reuters.com/article/us-italy-crash/italy-reopens-probe-into-1980-plane-crash-media-idUSL2264892420080622
Presently, the agenda is clear. Invade the middle east, take control of their resources. That way they can’t jeopardize the petro dollar. Otherwise we go bankrupt.
Drop Saddam. Create terrorism to do your dirty work.
Cuz you can’t justify invasion and conquest without a bogeyman. The world will frown on big bad america for crushing lesser foes.
So you create terrorism to justify your presence and conquest. And the worldly Dink’s will jump on the bandwagon, especially msm. The voice of planet earth. Their conjob mouthpiece that influences the world.
Caught in lies from 9-11 to Iraq, through Libya and into Syria weakening the foes of Iran as the last ME enemy. Creating a massive buffer zone for Israel.
That’s the game plan from my perspective. Its a sad and deceitful structure.
Liars and conjobs are evil plain and simple
With the collapse of petrodollar Pax Americana shall give the bat-ton to Pax Judaica to usher in Anti-Christ rule of terror from Jerusalem.
Dream come true for the Evangelical crazies.
Well said, as long as their currencies [BRICS members] are not pegged to some kind of intrinsic value table, we are talking more of the same, bloat, and finance opacity here. Gold is not necessarily a measure of value, but it has some “hard” to it, …by lack of better, a step forward.
There must be a single currency as a translation of resources minus liabilities for world trade to have any meaning. The rest is finance, a sort of rabbit pulling for grown children, a tool to distance the few from the rest.
Another sore void is the BRICS not inventorying the West as to the above, assets minus liabilities, as to peg their place inside the table of inventory of the Planet. Seems like any hard thinker is afraid of trans-gressing some intellectual border as to money being a simple yardstick of inventory. The rest is finance.
Even more important than the recent BRICS meeting is next week’s G20 shindig where Putin and Xi have, through their planned absence, provided well more than enough rope for the G7 nations to really hang themselves by offering promises that few will view as being either sincere or enduring. Should be a “really big show”.
When money no longer represents anything tangible, i.e., labor, you see the absurd situation like we have today. Where cops in U.S. cities make $200k/year or certified financial planners are more prevalent than plumbers and these money-shifters make more in bonuses than most people make yearly.
The center cannot hold. I never thought the collapse of the house of card would be initiated from without but rather simply from under its own weight.
But what will happen to the American Empire is what the American Empire wanted to do to Russia. The American Empire thought they would pull the international finance rug out from under Russia and fragile Russia would collapse. But we now see that Russia was an inherently strong country with a strong and smart people who simply adapted, regrouped, and now helped developed a more equitable international economic system. And in doing so have created a system which will effectively pull the rug out from under the American Empire.
The difference being that the American Empire’s actions were do out of malice to destroy Russia while the response to it and the emergence of BRICS wasn’t but rather a response to it and its effect will certainly be orders of magnitude more devastating.
It’s almost like the murderer with malice in his heart misses his target and is then killed by the fatal bullet on a ricochet.
I read the article at the link you provide. Much appears accurate, I don’t know about all. Romanoff was a featured commentator on this site for some time, but either he or Mr. Unz decided to end it, Romanoff made, at times, nonsensical claims.
Historically, my understanding is that fiat currency always crashes, and always for the same reason…..that every fiat currency gets inflated to the point that it no longer has any value.
This is a frightening prospect for the future of the USA, and the demise of the dollar is completely the fault of the filthy idiotic neocon scum that runs our foreign policy.
If you go by what the likes of CNN and RT report from “opposing” sides, then the “dollar is going to “fall”, but the devil’s in the details as always:
That’s the Kremlin-terrorist USEUNATO conglomerate business in a huge boom, not just from the bombs the Russian MIC and the USEUNATO MIC use as background music for their little staged danse macabre theatre of so-called “war” in EUkraine. It’s very patriotic how Russia kills Ukrainian toy soldiers while paying huge royalties to the CIA’s Kiev puppets for fuel transit.
As for making taxcattle beasts of geopolitical burden, the plandemic and “vaccine” exercise proved beyond any shadow of a doubt that China, Russia, the USEUNATO and the rest of governments are ready for such noble sacrifices.
When these nations stop using the dollar for their TVs and cotton, we’re in big trouble. Americans have forgotten what it’s like to be poor. The poorest Americans are fat, live in decent houses, have cable and a smart phone as well as money for drugs. Soon they’ll find out how the rest of the world lives and how most Americans lived up until say the 1950s or 60s. My father married late in life and was born during the Great Depression. He told me plenty of stories of the poverty that was everywhere, and that’s when Americans were stronger. I can’t imagine how these present day limp wristed citizens will react. Without cable or wifi they’ll be running in the streets screaming. Is it time to flee to the mountains yet?
All this is going to force the US hand to strike out and strike out hard, which of course may mean going nuclear. BRICS is playing with fire by playing into the hands of the fanatics who are Neocons.
“Like Israel, America sees any good news about its perceived enemy as a threat to national security.”
https://www.middleeastmonitor.com/20230905-china-looks-set-to-derail-western-hegemony/
Self fulfilling prophecies dont take long to appear as normal and fact.
In psychology its called projective identification.
A paranoid insecure world is best place for some . Every failure that comes with it is then could be justified to the remaining victims who unfortunately are their own forming the base of the unstable pyramid .
Yes, some do.
In the game of Monopoly when someone monopolizes the board and accumulates all the property and all the money, the game ends. Then, all money and all property is returned to the bank.
To restart the game, an equal amount of cash is given to each player, and the game begins again. Equality.
This, in the real world, may be what we are seeing now. A continuing restart of the game of life, with some being given a serious head start.
Inheritance. Gold, Silver, religion, genetics, skin color, luck. All qualify.
Each new generation starts with some idea of what a fair return on labor might be. What is minimum wage right now?
Agreed. At this point the argument that Anon made is strictly hypothetical.
Historically, there are many documented cases of advanced carburation, even the employment of hydrogen accessing from water. These developments have, again allegedly, been bought up by automobile manufacturers and energy conglomerates…or in some instances, the inventors rather suddenly become no longer capable of verticality.
Logically, to buttress his hypothesis, Anon should have included some research into these long bruited about reports regarding enhanced energy possibilities.
At this stage of the game, however, a tendency to run in place…stagnation…rules corporate strategies. Certainly, a Feral government, ostensibly ” headed” by a quintessentially corrupted mental midget, currently devolving into superseding senility, will not be able to salvage the sinking ship of state.
Question is…have Russian and/or Chinese intel agencies ferreted out the long established hidden-holes where the Rottenchild Crime Clan, their Rottenfeller prime accomplices and assorted allied elites would go prior to the governments they own desperately resorting to going nuclear?
IMHO: Excepting for the possibilities of accidents, NO Western regime would go nuclear without the express permission of their OWNERS.
That scenario would be the tell. If the rats suddenly begin deserting the “sinking ship”, it is not improbable that those powers about to be assaulted would employ some of their Kinzhals and similar hypersonic responses upon those hidden-holes, thus decapitating the primary enemies of collective humanity.
WHY would the purported owners of the planet resort to suicidal conclusions when they have a long history of lying low and easing off the pressures in order to recover their status…even if that takes many decades? After all, the Talmudic Agenda has been around for something like 2,500 years. So what is the problem of putting the End-Game off for a century or so?
Those figures reflect just the foreign currency reserves but do not include the gold reserves which China has been stockpiling for more than a decade now since its USD foreign currency reserves peaked at $4T in 2013.
Yukon: Kudos! One of your premiere postings. Agreed that the Dollar…so called, as a legitimate lawful dollar has not been minted since 1935…is fast devolving into life-support. Also, the factor of BRICS getting their cart rolling in a matter of months, or perhaps a very few years, additionally becomes a probability.
Russia and China, linked by assaults on their sovereign integrity, present an immovable object which the previously irresistible force logically cannot overcome. With the long-ago exception of Bobby Fischer, Americans are not very good at chess…or its analog: STEM. Analogically, a Queen, Bishop, Knight triangulation appears to be in the works.
King Dollar is sweating little green B-B’s.
Telegram comment posted by Information Liberation:
The Times of Israel, which is owned by billionaire ADL megadonor Seth Klarman, is actively smearing Musk as an anti-Semite on their front page (with zero financial disclosure detailing how they finance the ADL to the tune of millions of dollars).
https://t.me/informationliberation/2094
The paper dollar has to be destroyed so that a we can be forced to use a digital currency system.
Gab comment posted by Kitler:
The adl is the most powerful and well funded anti- White organization in America. More than likely, your representatives in Washington are subordinate to them and vote for whatever they say.
https://gab.com/Halp/posts/110990891830617322
Agree. I am reminded of the scene from “The Hunt For Red October” wherein the “Crazy Ivan” maneuver is attempted one too many times and this time the torpedo they fired swings back and strikes them dead. Is America heading for the same fate?
Another Brick in the Wall, yeah that’s the ticket, another new of the same.
Video Link
Short audio clip (just over a minute) of Keith Woods seeking confirmation from former Ambassador of Canada to Israel, Vivian Bercovici*, whether she worked for Black Cube, a controversial private sector company composed of ex-members of the Mossad and other Israeli intelligence agencies.
Gab comment posted by Gab.com:
https://t.me/gabtrends/10987
* Doesn’t “Bercovici” have a very Italian ring to it?
Well, think again…
Wiki Early Life:
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.
To assess whether the dollar will take a fall we need to understand the global financial system, which from my experience is more difficult than differential equations, i.e. I don’t understand it and I’ve tried.
But, the answer to a simple question should be revealing – which banks in the world are not controlled by Jews?
Hapless American here. Looks like we will be left with nothing but the shirt on our backs. We had it all, and I have helplessly watched it be squandered away through my lifetime.
Perhaps there’s a “Manhattan Project,” top-secret and disciplined, at work on Cold Fusion or Desalinization hence the reckless disregard for Europe being decoupled from petroleum-based industry and agriculture. And the greenback being divorced from Saudi oil. Or perhaps not.
Elon Musk serves mammon, and Jews control the money, so Elon Musk will cave. There is no doubt about it, the Jewish controls will ratchet up the pressure, hint at assassinating him, then he will cave, I guarantee it.
Is it really that difficult? The invention of the computer system which turned us all into a number was for banking revolutionary. It solved and continues to solve all of the issues with the ultimate goal to stamp the individual with ones own number and then what takes place is simply a ration system similar to what occurred during war where:
“World War 2 produced a system of rationing where the number on the coupon took priority over mans money as legal tender or a medium of exchange.”
I love what a commentator Asia Teacher said to me about digital currencies:
“In a world of digital currencies, governments will finally control individual wealth. Communism by the back door.”
I would imagine Carroll Quigley if he heard these things and saw the evolution of the world of banking he would have surmised that this is indeed what the International Bankers have in mind.
As for Genocide aren’t they expecting the prophecy of Gog and Magog Ezekiel 38 -39 to be fullfilled which they wrongly have interpreted to be Germany and Russia. They actually believe a third world war has to occur to usher in their Messianic kingdom. Messianism!!!! They believe the Messiah won’t turn up until this war occurs. Truly a frightening mess!!!!!! see video:
Video Link
“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!” I think the Western Ruling Class–behind closed doors–recognize the BRICS developments recently as a Mortal Threat to the dominance of the US Dollar (USD). Even worse, that is a correct assessment of the latest BRICS news. How long will it take for BRICS to be a Real Force in the World Economy? Five years? Ten years? Couple this with the latest news in Africa: Niger and Gabon you see watershed moments against the Western Colonialist domination. That Sanctions no longer work is very telling as well.
This is the lastest chart from FRED on the national debt interest payments, just about a trillion:
And since the installed Ziowhore president and the AIPAC selected Congress Ziowhore Criminals, aka the drunken sailors, have no fiscal discipline, spending will continue to soar out of sight, until the markets say, you can not pay without massive inflation, so they demand more interest, and Fitch and Moodys and Standard and Poor’s downgrades US Treasuries.
More US Treasury debt downgrades are coming soon.
Interest on the national debt will continue to go vertical (as interest rates keep going up).
The free ride from ZIRP is over because of this chart:
From 2009, the Fed doubled the rate of M1, then when the Covid crisis hit, it went vertical, and now they have instituted never ending inflation that the Fed must might – that Jay Powell vows he must fight. What a laugh – the Fed created the dragon they are fighting.
https://slavlandchronicles.substack.com/p/yes-the-kremlin-is-importing-millions
Who cares about the dollar, the Kremlin is controlled by the same (((people))) as the West, I’m sure the ethnic Russians will be overjoyed to know the dollar has fallen and is replaced by a digital Rubble while becoming a minority in their own country, what does it matter if your people becomes extinct as long as you’ve owned “the Anglos” right ?
BRICS is ZOG, stop shilling those people !
Anon: “The US has the seeds of such a (energy) revolution.”
There is no real alternative energy revolution but a theoretical one…it is a scam for enrichment of main promoters like Gore or former UN energy tsar. Recent Australian story on wind towers negative energy balance or Germany recent necessity to revert to coal are revelation of the real progress. The oil will be used for decades or century until completely exhausted.
https://slavlandchronicles.substack.com/p/yes-the-kremlin-is-importing-millions
.”
Sounds familiar right, just like ZOG West.
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?
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 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”.
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
https://alethonews.com/2023/09/05/fbi-and-doj-are-sued-for-concealing-biden-administration-censorship-pressure/
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 is an interesting photo of the Rebbe with Bill Gates:
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.
“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!”
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.
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
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.
{{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.
…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.
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.
“…colonialism ended with WW2”. Oh please, Miss Thing. Colonialism simply transmogrified into Bank$terism by the usual suspects and assorted perps.
Capisce?
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].
ORIGINAL BRICS NATIONS:
01 JAN 2024 NATIONS ADDED (IN LIGHT BLUE)
BIDEN 01 JAN 2024
JOE BIDEN 8TH AUGUST 2024
PRESIDENT ELECT 06 NOV 2024
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………
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.
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.
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.
“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.
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.
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.
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.
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.
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:
Video Link
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,
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 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.
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.”
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 “simple”. 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 “money”.
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 solution”.
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 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.
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).
”’” 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.
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!
https://alethonews.com/2023/09/05/nonstop-media-bias-from-russiagate-to-the-biden-crime-family-coverup/
Wow man! Yellow lines! I’m impressed!
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.
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…
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.
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.
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!!
The West is Satanic. Satan is the Father of Lies. QED.
USA abandoned the Coolidge Doctrine..The business of America (in the world) is BUSINESS..
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.
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.
Hell with money. It seems the rule is GRAB ALL YOU CAN.
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.
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.
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.”
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.
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.
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.
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.
So, 2024 this Deagel.com predicts to be an extremely bad year for the United States? Nuclear war, what?
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.
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!
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.
Not a word too much. Thanks, will answer you later.
Ehh, what makes you not think that?
As I said, China is apparently not controlled by jews. Period. The end.
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.
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.
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.
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.
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!
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?
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?
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).
Americans do not seem to have that capacity any more.
Bancor would have hastened the arrival of NWO. The issuing authority will have huge leverage over the world economy.
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.
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.
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
“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.”
Geo, the whole government is a tool for ADL and AIPAC
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.
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.
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
…colonialism ended with WW2”. 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:
But but the neo-colonialism is selective…….
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
Ah. The earthquake in Turkey was Putin’s fault. Of course!
An Endgame for the Ukrainian War w/ John Mearsheimer, Alexander Mercouris and Glenn Diesen
Video Link
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.
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…
Remember those reserves are tallied in nominal USD…. As BRICS moves away from the USD it will likely take on another type of valuation…
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 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.
An international currency allows countries to exchange goods and services. The American dollar has been weaponized and is no longer fit for purpose.
‘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.
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!
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.
Ok. I read it again… Understood. Agreed.
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.
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.
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.
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.
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.
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.
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.
Last paragraph–was this from Sherman or Mr. Peabody?
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.