4
2

De-dollarization and Brics currency rise.


 invite response                
2023 Feb 21, 12:53pm   17,802 views  250 comments

by indc   ➕follow (0)   💰tip   ignore  

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.

« First        Comments 184 - 223 of 250       Last »     Search these comments

184   stereotomy   2024 Jun 5, 2:35pm  

China is largely dependent on energy and food from the rest of the world. It has dirt and mines, as well as rice paddies, but not enough food to feed its people or energy to fuel its industry (this is why they're gung-ho for nuclear, besides the obvious arms benefit of the PUREX process for refining plutonium).

Europe and the US have to pay farmers to curtail production so as to maintain prices - their farmers are that productive because the climate and resources are at present abundant. Hell, Europe is trying to run its farmers off their lands because the cows fart too much.
185   DOGEWontAmountToShit   2024 Jun 5, 10:50pm  

stereotomy says

Europe and the US have to pay farmers to curtail production so as to maintain prices - their farmers are that productive because the climate and resources are at present abundant. Hell, Europe is trying to run its farmers off their lands because the cows fart too much.


European farmers are dependent on farm supports and protectionism precisely because they are not productive as they need to be. Same for Japanese farmers.
186   DOGEWontAmountToShit   2024 Jun 11, 10:20am  

What? How come no rubles, rupees or rials are involved? Duuhhh..BRICS De-dollarization!


187   DOGEWontAmountToShit   2024 Jun 11, 11:04am  

Wow! $400 billion!

But...BRICS! De-dollarization!




188   Rin   2024 Jun 11, 11:34am  

Ppl, let me help you to isolate when the possibility or perhaps better stated ... the fear of de-dollarization was apparent in the global markets. It was during the reign of error ... George W Bush, the worst president in modern US history.

That's when Gold broke out of its multi-decade bearish channel and into a bull market. Here's that chart ...



Since GWB, gold bugs have been screaming & shouting but yet, instead of expecting every pullback to $1100/oz or $1500/oz (or even $1800/oz), to melt up to $5000/oz or $10000/oz, they could have just swing traded it and made money.
192   DOGEWontAmountToShit   2024 Jun 24, 4:36pm  

First the USD was going to hyperinflate and lose the GRC.

Then was going to be replaced by the Euro.

Then SWIFT was going to be usurped by INSTEX.

Then the PetroYuan was going to kill the PetroDollar.

Then Shanghai Gold Exchange was touted as the killer app.

When that didn’t work the e-yuan was sure to do it.

After that came Libra.

During Covid the Fed did everything the dollar fatalists ever predicted and they assured me the DXY would never again go above 100.

Then the DXY went to a 30 year high.
Bitcoin and crypto have created fabulous wealth but have also solidified the USD as GRC via stable coins.

And amongst all of this stuff that has never worked over the years the BRICs continuously hinted “this year” would be their big launch. And yet Lucy pulls the football away every year.

Now that none of this stuff has worked the goalposts have been moved again and two new stories have emerged.

1) The USD wont lose Global Reserve Currency status but USTs will lose Global Reserve Asset status…never mind the fact that USTs losing GRA status would contribute to the USD returning to all time highs.
&
2) The USD is not the most important form of money but energy is. Never mind that money was invented so man could harness energy without having to use it directly.

I continue to love these de-dollarization stories for the same reason I love science fiction.
It’s creative, it’s interesting, it’s forward looking….and in 20 or 30 years some of it will be true..


https://x.com/SantiagoAuFund/status/1761384508077592784
193   AmericanKulak   2024 Jun 24, 4:40pm  

BRICS replacing the USD is like 20 years old right now. It's all Syrio-Iranian-Russo MSM bullshit
195   RWSGFY   2024 Aug 17, 5:25pm  

DemocratsAreTotallyFucked says






Kim Dotcom is a stupid cunt.
196   AD   2024 Aug 17, 5:49pm  

I look at this fund which is priced in US dollars. Ticker is BNDX and I compare it to the ticker BND. This gives me some glimpse as far as owning foreign assets and how they exchange or convert to US dollars.

BNDX dropped about 20% from its all time high in 2019, and BND dropped about 26% from its all time high in 2021.

.


197   AD   2024 Aug 17, 6:35pm  

Also I noticed that Walmart's cheapest laptops (Chromebook and Windows) are still $180 as they were in 2020.

That tells me the dollar is still strong as far as imported cheap laptops.

I'd run Ubuntu on the cheap Windows laptop.
198   FarmersWon   2024 Aug 18, 1:52am  

DemocratsAreTotallyFucked says

First the USD was going to hyperinflate and lose the GRC.

Then was going to be replaced by the Euro.

Then SWIFT was going to be usurped by INSTEX.

Then the PetroYuan was going to kill the PetroDollar.

Then Shanghai Gold Exchange was touted as the killer app.

When that didn’t work the e-yuan was sure to do it.

After that came Libra.


Hindus are chimps. Nobody with two brain cells believe these chimps.
But these low IQ idiots do believe in their own BS like flying monkey:
199   AmericanKulak   2024 Aug 18, 2:03am  

Bridgewater steps back from China as biggest hedge fund slashes stock bets for 7th quarter
The US hedge fund’s holdings of Chinese stocks listed in the US have declined by 80 per cent in value since September 2022, according to filings

https://www.scmp.com/business/markets/article/3274775/bridgewater-cuts-china-stock-bets-7th-straight-quarter-market-trails-us-japan#
200   FortwayeAsFuckJoeBiden   2024 Aug 18, 6:14am  

brics has no currency it’s just cancel culture avoidance for inner trade between members, no middle man.
201   DOGEWontAmountToShit   2024 Aug 18, 6:25am  

FortwayeAsFuckJoeBiden says

brics has no currency it’s just cancel culture avoidance for inner trade between members, no middle man.


That is pretty much all it has amounted to so far, yes. But it isn't because the dollar 'is trash'. It's because demand for it is stronger. Esp when we raised our interest rates fast & hard. That messed up things for the Turd World that have at least $70T in debt amongst themselves.
202   FortwayeAsFuckJoeBiden   2024 Aug 18, 6:29am  

debt by nation breakdown. we are way ahead, and i don’t think that’s good.

https://www.usdebtclock.org/world-debt-clock.html
203   DOGEWontAmountToShit   2024 Aug 18, 9:47am  

Three contiguous regions that comprise 50% of the world's GDP.
204   DOGEWontAmountToShit   2024 Aug 18, 9:50am  

DemocratsAreTotallyFucked says

Three contiguous regions that comprise 50% of the world's GDP.


Only thing that matters is GDP to debt ratio. And it totally lies about China's by excluding the massive debts held by SOEs.
205   AD   2024 Aug 18, 11:37am  

DemocratsAreTotallyFucked says

Only thing that matters is GDP to debt ratio.


Yes as that is akin to debt to income ratio. It measures how sustainable the debt load is.

Its also important to track debt payment or debt service as a percentage of tax receipts, and debt payment as a percentage of total federal budget.

.
206   AD   2024 Aug 18, 11:46am  

DemocratsAreTotallyFucked says

And it totally lies about China's by excluding the massive debts held by SOEs.


as far as State Owned Industries (SOEs) in Communist China, yes as the Chicoms can easily conceal the debt of their SOEs

they do not have the transparency of the USA such as Amazon and Google have to report their financials and investors track debt to equity ratio, etc
208   AD   2024 Aug 21, 10:50pm  

DemocratsAreTotallyFucked says

BRICS 'is working'.

https://www.vedomosti.ru/finance/articles/2024/08/20/1056702-kitaiskie-banki-vozvraschayut-platezhi-za-uzhe-poluchennie-importerami-tovari?from=newsline


Yeah same goes with Russian selling more of its oil and gas to India. India is paying with Indian currency and I believe India is putting restrictions on what Russia can buy with those India dollars.

India relying a lot more on Russia oil and gas, whereas only 45% of its energy imports are from OPEC versus 85% in 2015.

https://www.reuters.com/business/energy/indias-russian-oil-imports-rise-nine-month-high-april-2024-05-21/

.
209   AD   2024 Aug 21, 11:21pm  

and this also
.



.
210   DOGEWontAmountToShit   2024 Aug 21, 11:26pm  

AD says

I believe India is putting restrictions on what Russia can buy with those India dollars.


True.

These peeps all want to export but not import, for the most part. That won't work.
212   Patrick   2024 Aug 23, 5:49pm  

DemocratsAreTotallyFucked says







None of this makes sense to me.

Sure you can run a deficit with gold. Why would it make any difference to a trade deficit whether Russia is using gold or dollars?

And what are they talking about with Russian buyers getting their money back from China after receiving the goods? Who is sending the money back to Russia?
213   DOGEWontAmountToShit   2024 Aug 23, 6:45pm  

Patrick says


And what are they talking about with Russian buyers getting their money back from China after receiving the goods? Who is sending the money back to Russia?


Chinese banks or intermediary bsnks. The Indians have done it via another way, buy the result is that Russians have rupees that they aren't allowed to spend on Indian goods they want to buy.
214   DOGEWontAmountToShit   2024 Aug 23, 6:52pm  

Patrick says


Sure you can run a deficit with gold.


Nope. Not really. Not for long, after all. That was why under the old Bretton Woods system nations had to settle their trade accounts after no more than a year even if the trade was in dollars. Because under Bretton Woods, dollars were redeemable for gold on demand by nations in the system. The French in particular were dicks about it from the 1950s on.

Then some countries got the bright idea of buying US treasures instead of goods with their surpluses to get around that while making $$$ in interest. The rest of that story you already know.
215   AD   2024 Aug 23, 7:48pm  

DemocratsAreTotallyFucked says

Chinese banks or intermediary bsnks. The Indians have done it via another way, buy the result is that Russians have rupees that they aren't allowed to spend on Indian goods they want to buy.


https://www.asianews.it/news-en/Delhi-pays-for-Russian-oil-in-rupees,-which-Moscow-reinvests-in-India-60711.html

Under this mechanism, some Russian banks, including Gazprom and Rosbank, have opened rupee accounts in Indian banks, on behalf of Russian banks.

“The rising unused rupee balance for Russian entities in these accounts was a big concern for Russia,” the source added.

India is now trying to identify projects into which Russian investments can flow, like construction and certain infrastructure improvements.

Russian Foreign Minister Sergey Lavrov first hinted at the issue in September last year, saying that Moscow had "billions of rupees" deposited in Indian banks that could not be used.

After China, Russia is India’s second largest import source with imports rising by 32.95 per cent in 2023-24, to US$ 61.44 billion, billion in oil alone.
216   AD   2024 Aug 23, 8:04pm  

This is strange as the Russians should be able to do whatever they want as far as spend the rupees in India.

Send Gazprom or other state owned enterprises (SOEs) employees to India and give them equivalent of $5000 each and let them go buy Indian made goods and India services such as clothing, a hotel or resort stay, etc

.
217   DOGEWontAmountToShit   2024 Aug 23, 9:01pm  

AD says

This is strange as the Russians should be able to do whatever they want as far as spend the rupees in India.


Nope. Chinese are pulling similar shit as well.

They all want some dollar alternative system but won't stop fucking each other within it. Like the story of the Scorpion & the Crocodile crossing the river.

This is why I keep telling ppl that BRICS is PR bullshit and nothing more, really. Oh sure, they are developing their own alternative to SWIFT. So what? GIGO applies here. See above.

That is why that tweet said, "..building a $ alternative is HARD".

If Japan, South Korea,Taiwan, Australia, Canada, Costa Rica and Singapore wanted to do it, fine. They would have a shot because they have the cultures and subsequent legal property protections to make it work.

But loser shitholes like China, Russia and India who fuck over foreigners everyday when it comes to FDI like rain water falls from the sky? This is worse in a lot of ways. So yes, hard. A lot hard.

So, gold or the currency of a global dominant power. Preferably one with a Navy four times the size of all the others combined, with a big chunk of the world's GDP and at least 6,000 nuclear weapons.

But...BRICS! (AND "You don't know WTF you are talking about, DATF!)

America Hating Fluffers gotta fluff. <--- That's the real reason they post shit back at me.
218   DOGEWontAmountToShit   2024 Oct 7, 10:43am  

First the USD was going to hyperinflate and lose the GRC.
Then was going to be replaced by the Euro.
Then SWIFT was going to be usurped by INSTEX.
Then the PetroYuan was going to kill the PetroDollar.
Then Shanghai Gold Exchange was touted as the killer app.
When that didn’t work the e-yuan was sure to do it.
After that came Libra.
During Covid the Fed did everything the dollar fatalists ever predicted and they assured me the DXY would never again go above 100.
Then the DXY went to a 30 year high.
Bitcoin and crypto have created fabulous wealth but have also solidified the USD as GRC via stable coins.
And amongst all of this stuff that has never worked over the years the BRICs continuously hinted “this year” would be their big launch. And yet Lucy pulls the football away every year.
Now that none of this stuff has worked the goalposts have been moved again and two new stories have emerged.
1) The USD wont lose Global Reserve Currency status but USTs will lose Global Reserve Asset status…never mind the fact that USTs losing GRA status would contribute to the USD returning to all time highs.
&
2) The USD is not the most important form of money but energy is. Never mind that money was invented so man could harness energy without having to use it directly.

I continue to love these de-dollarization stories for the same reason I love science fiction.
It’s creative, it’s interesting, it’s forward looking….and in 20 or 30 years some of it will be true…🫣


https://x.com/SantiagoAuFund/status/1761384508077592784
219   FortwayeAsFuckJoeBiden   2024 Oct 7, 10:59am  

sure it’s hard, but they got no choice. we weaponized dollar with sanction shit. they will take struggle on to get alternative. anyone would. no one wants to be dollar enslaved.

we fucked up when we decided to weaponize it. so brics will barter till they figure out next step, whatever it’ll be.
220   DOGEWontAmountToShit   2024 Oct 7, 11:10am  

FortwayeAsFuckJoeBiden says

sure it’s hard, but they got no choice. we weaponized dollar with sanction shit. they will take struggle on to get alternative. anyone would. no one wants to be dollar enslaved.

we fucked up when we decided to weaponize it.


Suddenly rising interest rates gave them way more incentives than sanctions do.

Yet, it will still be too difficult to wean off. They liquidate their dollar denominated eurodollar debts to get dollars to cover things like carry trades (Japan) or even grain imports (Egypt) and oil (many countries). That means demand for dollars go up, not down. Rinse, repeat.

Meanwhile, the US is creating dollar sovereign bonds hand over foot that will be the fractional reserves for future INCREASED eurodollar lending. And every bond creates future demand for USD to service them.

See? The system is designed to be an endless game of musical chairs for the rest of the world. What is happening in the US is paddycakes by comparison.

They all hate it but can't really get out of it. Not until the whole thing crashes down.
221   FortwayeAsFuckJoeBiden   2024 Oct 7, 11:40am  

that is why they want out. best time was yesterday, next best time is today
222   DOGEWontAmountToShit   2024 Oct 11, 10:02pm  

FortwayeAsFuckJoeBiden says

that is why they want out. best time was yesterday, next best time is today


Nope. There is never a good day to get out anymore than there is a good day to amputate your arm to stave off gangrene.

« First        Comments 184 - 223 of 250       Last »     Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions   gaiste