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De-dollarization and Brics currency rise.


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2023 Feb 21, 12:53pm   18,109 views  250 comments

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https://www.youtube.com/watch?v=XGd-DvuEPfU

This is a 1hr video, but very good explanation of coming de-dollarization. Take sometime to listen to it.

I dont agree 100% with the points in the video but would like any financial experts thoughts about it.

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83   AD   2023 Oct 10, 6:36pm  

Patrick says


The solution to all currency problems is simply to use silver or gold by weight once again, as was done for thousands of years.


Yeah a family member told me many years ago that a one ounce gold coin use to buy a very nice three piece suit with socks, shoes, white shirt and tie.

He said the same coin should continue to buy the same quality suit and accessories.

That is how gold is suppose to maintain its purchasing power.
84   richwicks   2023 Oct 10, 6:40pm  

Patrick says

The solution to all currency problems is simply to use silver or gold by weight once again, as was done for thousands of years.


Deprives the banking system of absolute power, and the government is under the banking system, and is bribed by it.
85   RWSGFY   2023 Oct 10, 6:55pm  

ad says


Patrick says


The solution to all currency problems is simply to use silver or gold by weight once again, as was done for thousands of years.


Yeah a family member told me many years ago that a one ounce gold coin use to buy a very nice three piece suit with socks, shoes, white shirt and tie.

He said the same coin should continue to buy the same quality suit and accessories.

That is how gold is suppose to maintain its purchasing power.



One person's nice suit is another's cheap rags he won't be seen dead in.
86   RWSGFY   2023 Oct 29, 5:50pm  

One of the nations getting ready to dethrone the dollars:

https://m.youtube.com/watch?v=Iiny1GrfhYM
87   Ceffer   2023 Oct 29, 5:53pm  

It's a good thing the Globalists and the West have those HAARP and DEWs to surreptitiously destroy the BRICS malfeasors. Otherwise, we might have to nuke them.
88   DOGEWontAmountToShit   2023 Oct 29, 6:09pm  

RWSGFY says

One of the nations getting ready to dethrone the dollars:

https://m.youtube.com/watch?v=Iiny1GrfhYM


Yes. Notice how the nations involved are mostly Loser Nations?
89   RWSGFY   2023 Oct 29, 7:55pm  

PumpingRedheads says

RWSGFY says


One of the nations getting ready to dethrone the dollars:

https://m.youtube.com/watch?v=Iiny1GrfhYM


Yes. Notice how the nations involved are mostly Loser Nations?


Indeed.
91   fdhfoiehfeoi   2023 Nov 29, 6:44pm  

UAE no longer using Federal Reserve debt notes for oil trades, and recently joined BRICS. BRICS isn't the next big thing by any means, just another sign the US fiat currency has had it. Hope you know what real diversification looks like...
92   Eric Holder   2023 Nov 29, 6:52pm  

NuttBoxer says


Hope you know what real diversification looks like...


Does it look like $38B worth of Soviet money in Rupees currently stuck in India w/o any way to be exchanged, because the only way Indian CB allows it to be spent is on some Indian goods (Soviets don't want any, because they need weapons, electronics and industrial machinery for their warmongering effort) or as investment in some Indian companies which would pay dividends in ... drumroll! ... Rupees again?

Probably not. Whatever "real diversification" looks like, accumulating some nonconvertible shitcurrency ain't it.
93   fdhfoiehfeoi   2023 Nov 29, 6:54pm  

Why would American's be holding Rupees? Are you so obsessed with your mother country, you didn't understand my warning is for US residents? Fuck, just move to Russia and get it over with.
94   Eric Holder   2023 Nov 29, 6:58pm  

NuttBoxer says

Why would American's be holding Rupees?


Why would Americans be shitting on the dollar and promoting weird shit like BRICS at every turn, like it's the best thing since sliced bread?

NuttBoxer says

Are you so obsessed with your mother country, you didn't understand my warning is for US residents? Fuck, just move to Russia and get it over with.


My mother country? Is this another confession through projection?
95   fdhfoiehfeoi   2023 Nov 29, 8:29pm  

Hey man, you're one who can't stop talking about Russia. Turning every conversation into a Russian topic, worrying about how the Russians will spend their Rupees and stave off collapse.

Now if you can stop fapping to your Russian porn for five seconds, maybe you'd see our government has fucked us, and our currency is about to do the same on a whole new level. Maybe you'd think about some ways to protect whatever fiat wealth you've accumulated so your life doesn't collapse like the USSR did.

But maybe you're just too distracted hating a country that doesn't give a shit about you to realize the one you live in is about to flush your ass.

But maybe you can tell me. Why would an American be want to promote a banking system designed to enslave us? Sounds like something a Russian saboteur would do, or at least a traitor. See, you clearly don't support honesty and a strong America because you never want to face, or call out anything that's destroying our country. You have more in common with the Kremlin than you'd like to imagine.
96   PeopleUnited   2023 Nov 29, 8:40pm  

NuttBoxer says

Hope you know what real diversification looks like...



97   DOGEWontAmountToShit   2023 Nov 30, 9:17am  

NuttBoxer says

UAE no longer using Federal Reserve debt notes for oil trades, and recently joined BRICS.


Sure they are. Sure they are.
98   fdhfoiehfeoi   2023 Nov 30, 2:27pm  

Patnet needs a system for removing zero effort comments that add nothing. Or a bot to lavish attention on people who obviously are attention deprived...
99   DOGEWontAmountToShit   2023 Nov 30, 3:14pm  

NuttBoxer says

Patnet needs a system for removing zero effort comments that add nothing. Or a bot to lavish attention on people who obviously are attention deprived...


Sure it does. Sure it does.

And hey! Let's have a committee of Deep State fucks who decide what is a 'zero comment that adds nothing'.
100   PeopleUnited   2023 Dec 1, 6:00am  

NuttBoxer says


Patnet needs a system for removing zero effort comments that add nothing.

Like just literally ignoring them or implementing the ignore feature?


But that’s not enough for some. Some are totalitarian bullies by nature trying to make the world a safe space for their own feelings. Hint, that never works, the easily offended never overcome their own feelings. No matter how hard they try to control others, they cannot control themselves and how they manage their own emotions. That is their real problem.
101   fdhfoiehfeoi   2023 Dec 1, 9:08am  

We can just stick with the puppets. Anyone who dismisses the crisis the US and their fiat currency is in are obviously rooting for our countries downfall, whether they understand that or not. Hope those strings aren't too tight...
102   PeopleUnited   2023 Dec 1, 12:18pm  

The WHOLE world is in crisis, not just the USA. But scripture tells us two things that everyone living in the end times should know. 1: it is going to get worse and worse until the end comes. 2: Then Jesus will return to make things right again.

With what is going on in the world it is clear His return is imminent. Anyone who dismisses this will either be ashamed or worse yet terrified at His coming. Don’t dismiss the writing on the wall. Trust Jesus to save you from your sins and He will forgive you, wash you clean in His eyes and rescue you from the wrath to come.
103   DOGEWontAmountToShit   2023 Dec 1, 4:07pm  

NuttBoxer says

We can just stick with the puppets. Anyone who dismisses the crisis the US and their fiat currency is in are obviously rooting for our countries downfall, whether they understand that or not. Hope those strings aren't too tight...


Confused. Does that have to do with taxation too?
106   AD   2023 Dec 29, 12:55pm  

One indicator that there is not runaway debt accumulation is debt to GDP ratio. At least it has steadied around 120%.

It was about 105% from 2016 to the start of the pandemic in early 2020.

If the ratio drops to 110% within the next 2 years then the risks of a debt crisis are further reduced, hence this defeats the argument that the US federal government is destroying or abandoning the dollar.

https://fred.stlouisfed.org/series/GFDEGDQ188S

.
107   AD   2023 Dec 29, 12:57pm  

The question is how liquid and valuable is the US dollar ? If you have a dollar, then how easy is it to buy services and goods ?

Russia is being paid in Indian currency for oil it exports to India. How easy is for Russia to use that India currency to buy goods and services that it needs ?

buy rice, coffee, mangoes and software services from India ?

.
108   The_Deplorable   2024 Jan 2, 8:28pm  

"Saudi Arabia officially joins BRICS - Saudi state TV announced that the kingdom had officially joined BRICS... Prince Faisal said the BRICS group was "a beneficial and important channel" to strengthen economic cooperation. The BRICs bloc previously included Brazil, Russia, India, China, and South Africa, but is set to double with Saudi Arabia joining the United Arab Emirates, Egypt, Iran, and Ethiopia as new members." https://www.reuters.com/world/middle-east/saudi-state-tv-says-kingdom-officially-begins-membership-brics-bloc-2024-01-02/
109   DOGEWontAmountToShit   2024 Jan 3, 10:10am  

ad says


Russia is being paid in Indian currency for oil it exports to India. How easy is for Russia to use that India currency to buy goods and services that it needs ?


Not good. Russia tried to buy stuff from India with rupees they got from selling oil to them. The Indians but the brakes on that real quick.

Let that settle in: India doesn't even want their own money for exports they sell.

Indians won't take yuan the Russians have, either.

So the Russians fly cargo planes filled with gold to pay for things.

BRICS = PR bullshit
110   fdhfoiehfeoi   2024 Jan 3, 11:53am  

UkraineIsFucked says

Confused. Does that have to do with taxation too?


General ambivalence to the shit state our economy is in.
111   DOGEWontAmountToShit   2024 Jan 3, 7:44pm  

NuttBoxer says

UkraineIsFucked says


Confused. Does that have to do with taxation too?


General ambivalence to the shit state our economy is in.


In other words, nothing.
112   AD   2024 Jan 3, 9:43pm  

UkraineIsFucked says

Not good. Russia tried to buy stuff from India with rupees they got from selling oil to them. The Indians but the brakes on that real quick.

Let that settle in: India doesn't even want their own money for exports they sell.

Indians won't take yuan the Russians have, either.


Then they got to demand payment in sugar, grain, etc that can be stored in warehouses in Russia.

They have to make it a barter trade if they can't use the India currency. For example, this would be two pounds of sugar for 1 gallon of oil.

.
113   AmericanKulak   2024 Jan 3, 9:50pm  

NuttBoxer says

General ambivalence to the shit state our economy is in.

That ambivalence won't last for long.

"Just don't raise the wages and make the working poor absorb 30% increases in groceries"
114   DOGEWontAmountToShit   2024 Jan 3, 10:07pm  

ad says

Then they got to demand payment in sugar, grain, etc that can be stored in warehouses in Russia.

They have to make it a barter trade if they can't use the India currency. For example, this would be two pounds of sugar for 1 gallon of oil.


'demand'?
115   AD   2024 Jan 3, 10:16pm  

UkraineIsFucked says


ad says

Then they got to demand payment in sugar, grain, etc that can be stored in warehouses in Russia.

They have to make it a barter trade if they can't use the India currency. For example, this would be two pounds of sugar for 1 gallon of oil.

'demand'?


Okay, negotiate instead of demand.

Another possibility is to give the Indian rupees to Russian tourists who can then exchange rupees for Turkish currency when visiting Istanbul.

So pay Russians in rupees who then can use it abroad such as in Turkey, Thailand, etc.

.
116   AmericanKulak   2024 Jan 3, 10:30pm  

I wish people would drop the "S" part of BRICS.

South Africa is a shithole, the only surprising thing is that it's still in freefall and hasn't turned into cannibal anarchy yet.
117   AD   2024 Jan 3, 11:03pm  

AmericanKulak says


I wish people would drop the "S" part of BRICS.

South Africa is a shithole, the only surprising thing is that it's still in freefall and hasn't turned into cannibal anarchy yet.


Yeah, its still benefiting from what existed during its Apartheid past, but that can only last for so long. I've seen economic data and it seems since the late 1990s that South Africa has slowly been in a decline.
.



.
118   fdhfoiehfeoi   2024 Jan 4, 6:56am  

UkraineIsFucked says

NuttBoxer says


UkraineIsFucked says



Confused. Does that have to do with taxation too?


General ambivalence to the shit state our economy is in.



In other words, nothing.


It's a piece. Just one of the tools in the banker's arsenal.
119   Rin   2024 Jan 5, 5:36am  

Ppl, if you're absolutely worried that the USD is going to hell within let's say the next ~5 yrs, here's a way to assuage one's fears ...

Take whatever 'cash equivalents' you have ... let's say that that's 20% of your account, and split it into 40% commodity ETFs (but not gold [ I only buy gold if it's in a crash situation ]) and then 40%, among Aussie (FXA), Canadian (FXC), and Swiss Franc (FXF), and keep the rest in highest rate US based CDs.

That should help if the BRICS goes nuts on the Forex, for some inexplicable reason like suddenly ... [ sarcasm mode ] MSNBC says that 'the Chinese Silk Road Gold Bourse is legitimate and won't rip off foreign investors' [ sarcasm off ] ... in other words, a pump/dump on the dumb money.
121   DOGEWontAmountToShit   2024 Mar 11, 10:32pm  

NuttBoxer says

It's a piece. Just one of the tools in the banker's arsenal.


No it isn't. Banks don't levy taxes.
122   DOGEWontAmountToShit   2024 Mar 11, 10:33pm  

The Dollar Milkshake Theory (aka The BRICs Is Bullshit Theory)

https://youtu.be/xxzy3sLs4Bs?si=RBkV980peMlDsQUB

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