Starting a rival reserve currency is no easy feat, however make no mistake that the dollar's dominance has been SEVERELY harmed by the actions of this administration. It will likely take many years for alternative(s) to be established, but countries around the world which are sick of being bullied by the state department are absolutely looking for every opportunity to get away from the USD and Euro.
If you're going to save America, you have to be truthful. EVERY administration has been a problem, including Trump's, because the underlining issue is the Federal Reserve. It wouldn't matter if Trump won 100 terms in office, if we don't end the Federal Reserve we're going to continue to decline. Yes, that means losing the "reserve currency" status of the world, but it will save Americans.
The Federal Reserve has to go. It's a PRIVATE collection of banks with near dictatorial control of our banking and currency system. It's beyond insanity to keep it around. I always just take for granted people understand their origin story, but if you're not, probably the quickest introduction is to either read G Edward Griffin's The Creature From Jekyll Island or just watch one of his videos explaining it. The American people were totally conned. The very robber barons Americans were trying to restrict literally wrote the damn Federal Reserve Act.
But we can't fool ourselves. The issue is also fiat currency, direct taxation and obnoxious levels of government spending. The Federal Reserve has been around so long, it is the foundation of numerous other problems that will be directly affected if we just get rid of them.
For example, if you get rid of the Federal Reserve and re-tie our money to gold, that means there's no way in hell we can spend 3-4 trillion a year on entitlement programs. That money couldn't just largely be tossed atop a mountain of debt like we do now. It would ALL need to come from taxation, and that would CRIPPLE our economy. (which is why politicians don't do it now) The whole reason we went full on fiat is because LBJ's welfare state was amassing enormous budget deficits. So you'd have to cut spending, and also re-abolish the Federal Reserve's sister policy, the income tax.
In short, we have to re-embrace our liberty-centric founding principles. But there's an ENORMOUS upside. Our economy was estimated to have grown at 10% a year for the entire 19th century because of the freedom the U.S. had. The amount of wealth being lost to the banking cartel's Marxist policies is UNIMAGINABLE. All of our lives would be dramatically better with growth levels like that. We're lucky to hit 2% or 3% today and economic growth is EXPONENTIAL. It's hard to even put into words how much better our standard of living would be.
Those who prefer to suck off the public teat may be negatively affected at first, but we would have PRIVATE charities that people could donate to VOLUNTARILY, which would reintroduce ACCOUNTABILITY. If charity was voluntary and private, it would be MUCH hard to game the system so the money would go to people who legitimately needed help instead of lazy bastards.
The banking system prior to 1913 was characterized by a number of bank runs that resulted in depositors being wiped out.
So the same bankers who ran that crappy system conspired to fix it and install the British central banking model.
What we need to go back to is what we had from 1836-1860, although I'd rather see a broader basket of commodities backing the currency than just silver and gold.
I've always said a bank which cannot pay back all of it's depositors, as it contractually guarantees, is committing fraud. I've heard and seen people try to justify how the banking system works for decades, but IMO, the whole system is a fraud.
Conversely, if you give money to a bank, and say they can loan it out at interest, and that you can't withdraw it immediately (like a savings account), there is no threat of bank runs.
If it was up to me, I'd even outlaw (consider fraud) how shorting stocks currently works. You'd only ever be allowed to short a stock, by explicitly engaging in a bet against people who know they're buying the inverse of a short, but not the actual stock itself.
Those banking runs were caused in retaliation for Andrew Jackson, and eliminating the previous central bank. Nonetheless, it was a period of overall outstanding economic growth. It’s not the so-called British model, it is the international banking parasite system.
Every just says "gold" but there has to be some sort of system in place to control it. So who prevents that system becoming just as bad if not worse than the current one?
Apparently they are discussing some sort of 'blockchain' to monitor, report and verify the existence and transfer of the gold. Will be settled not daily but something like quarterly, to account for minor price fluctuations.
Not sure of the specifics, as I don't think it has been announced yet.
You cannot simultaneously be the reserve currency AND have a trade surplus.
If you are the reserve currency this means you have to export enough dollars to keep up with the demand around the world. You export dollars buy purchasing goods from outside your borders.
Not to mention the cost of endless wars allover the world and the high numbers of enemies you'll get from running around attacking anyone who dares to reject the dollar. If the US was truly a free country, nobody should have the authority to tell you what you can or can't use as medium of exchange or store of value.
Bingo brother. Another reason we send so much foreign aid all over the globe is to prop up the reserve currency status. Making these countries all flush with USD makes it a no brainer for them to continue using it as an exchange medium.
Well, and if we’re going to be even more honest, the Federal Reserve doesn’t get replaced unless either the whole institution is nationalized or the nominee for the Federal Reserve needs to have enough clout with the Board of Directors of each branch, and that comes on the foundation of a pro-MAGA majority Congress nominating the right person that Trump appoints from his own sources (no Bitch McConnell or McCarthy picks are allowed to go past the recommendation stage).
The stars would have to align perfectly for such a thing to happen, which is why it doesn’t happen very often and only one president has ever abolished the Federal Reserve.
You'd definitely need a lot more than just a president to shut down the Federal Reserve. I don't see this corrupt system ending, except in one of three ways:
USSR style collapse.
Secession or breakup of the US into sovereign states.
Electing enough Ron Paul / Kari Lake / etc types over and over.
The last two require wrestling control away from the mainstream media (propaganda) machine. IMO, that's what every MAGA person should be focused on. Yes, vote, because we have no choice and need to slow down the machine, but without addressing things like media and education, we're screwed.
Yeah ultimately this is good news because a BRICS currency would of been a strong competitor as a reserve. Even just 5% of global reserves moving to it could damage us.
I actually think something like the BRICS would be great for the American people. Presuming our government doesn't do something so stupid as to sanction the entire BRICS (which in effect means the American people are sanctioned). It would likely be very bad for the elites and the endlessly inflating stock market that's built like a house of playing cards and hot-air.
There's always alternative commodities to take refugee too before the dollar collapse. After all, a lot of countries with fiat currency have experienced hyperinflation multiple times. People are creative and find other forms of money. Those suffering will be whoever is left with a huge pile of USD in savings. People who already get fucked hard by inflation.
This is why you know the "they're really just smart even if I'm not smart myself" posters who keep defending them are idiots. Yeah, they planned for their delicate way of life to disintegrate within a few years!
"5% of global reserves moving to" a BRICS currency would still leave the dollar firmly in the lead, yet you feel that it would be a good thing because it would "damage us". You don't give a shit about what happens to global trade, you just want America to be hurt. Maybe you should fuck off back to your America hating commie friends on reddit. Kill yourself.
countries around the world which are sick of being bullied by the state department are absolutely looking for every opportunity to get away from the USD and Euro.
Wrong. The dollar is the world reserve currency precisely because the US serves as the world police. Research "petrodollar" and try to imagine what incentive anyone would have to stick to dollars if we didn't serve as Saudi Arabia's military, or if someone else's navy was enforcing the rules of the sea
What do you call the $100,000,000,000s of funding, countless sanctions, weapons, propaganda-support, planning, satellites, cruise missiles, drones, and everything else provided by NATO. What has NATO been talking about and doing since March 2022? What was NATO doing in Ukraine before March 2022? Why is the US basically out of 155mm ammo?
What do you call it if I give someone a cruise missile, the coordinates to your house, and know they launch that missile. Am I not a party to the war? 'I didn't pull the trigger!"
Maybe we don't have our B2 bombers in the air, or aircraft carriers in the area, or 100k troops on the ground in NATO uniforms, but it's about as close as you get.
I try to explain to some close people in my small part of the world that we won't be seeing this gold back currency without some massive push back in some way. they just seem to think those who will lose from it will not just sit back and do nothing.
More like a visit from the men in black. "Hey Modi, see what we just did to Imran Khan next door to you? Would be a shame if you suffered the same fate."
much as I would like BRICS to succeed to counter balance US, I don't think it could possibly do so without India. They've been trying to build new trade routes via rail and sea and those were supposed to truly link the Russia-India-China economies - and those trade routes heavily relied on India
I think it is more better the devil you know, China is even more untrustworthy than the US, and seemingly every Chinese businessman is a bold faced liar.
You should see the fist fights between both sides' military forces on the borders.
It will take a lot more than a dislike of the federal reserve monetray policy and woke US leadership to overcome that, let alone basically sharing a reserve currency venture.
BRICS has been more or less Russia and China pushing for it. It's not a surprise at all that Brazil and India are hesitant (the US glowies literally overthrew Brazil, you can be assured they're in USD pockets whether they like it or not). Laughing them off is stupid, however; the WEF actually bought China's meek act before China rugpulled them out of their "exit plan."
There are people stupid enough to think the U.S. and NATO are just going to let Russia take Ukraine, not knowing that doing so will message to other countries, "lmao the Western countries are pozzed we can raep them all we want."
Russia is going to take most of Ukraine. Unless nato (us) are willing to do actual fighting over there (and we are not) Ukraine needs to come to grips with what they can protect and come to some peace agreement NOW.
India has the worlds largest population, they could easily push for their own rupee, make it asset backed, disconnect from the federal reserve or whatever they want.
Same thing in Europe, twice as large population as the US, why should Europe use USD when EUR performs similarly while giving more local control.
Xi is nuts. The fucker removed anyone who could challenge him and he has zero advisors. You see the idiots spraying down the runways for covid, that's Xi. You see China shutting down, losing all business and becoming a financial basket case, that's Xi.
Now look at China fighting India non-stop for Indian land, that's Mao to Xi.
India would be insane to trust China. Hell, if there is a major war against China, it will be Pakistan and China united to kill India.
India will be the decider in the next war. For China and Russia to take on the US, they need India's men. India got seriously raped by Britain, so trust me, India would love to fuck over the English world, including the US. However, we are lucky China is going back to communism, starvation and authoritarianism. Otherwise, India would have sided with BRICS. India is part of BRICS but they won't kill the US financially because China is dangerous as fuck.
India never joined globalism, they maintained their industries. India was raped by Britain and they were siding the Nazi's to get rid of Britain. The US is allied with Britain and its not as if Indians are not oblivious to that point.
India is getting its oil on the market, including from Russia. Russia opened up its markets to Indian stores to replace the European stores (save France - they stayed) that left the Russian markets. India has used Russian military equipment, especially their jet engines for quite some time.
India is the most important country of the 21st century, its not China. India is the kingmaker with its population. China is fucked due to demographic decline. India might not like being forced into using rapidly inflating currency like the dollar. India just bought oil from UAE in rupies not usd.
I often wonder what happened to our brother in HK that birthed one of the very best memes. Sadly, I'm sure we can assume the worst. RIP to a brave and funny dude.
BRICS is definitely not ridiculous, and yes we will lose reserve currency status sooner or later. What is ridiculous is our paper money that our Federal Reserve prints with reckless abandon.
That's why it has to be gold based. You don't have to trust people when you're dealing in cold, hard currency. You all have your reserves and you ship them around as necessary in exchange for goods. If someone isn't trustworthy, they pay a higher price. Countries can come or go without much impact. Trying to manipulate the price of gold just ends with you holding less valuable gold or empty reserves.
Aye, why would you even need another currency when India can just buy oil from Russia with Rubles instead of the "all mighty Petrodollar".
Unfortunately the "West" (especially the EU who almost entirely depends on imported resources for it's Industry, and now - very sensibly - is sanctioning resource imports from it's most important trading partner) will pay a heavy price in the near future. Best to prepare for some juicy stagflation in the years to come.
Glad this stuff is getting stickied instead of "pavement apes go wild in McDonalds AGAIN?!" because this is the real important shit to pay attention to and why everything is going crapbaskets.
China is going to learn that bribery will never quite offset a reputation for lacking integrity. What's more, once a cheater always a cheater. China will never overcome its own self-inflicted stigma no matter how much it bribes people to look the other way.
The USD is still in trouble. I'm just saying it'll be really nice to see China get a lesson in humility and integrity.
"The new BRICS Development Bank “has disbursed only $33 billion worth of loans so far in its existence, roughly one-third of what the IMF has disbursed in a year.”
I don't know seems like there is a bank out there creating loans under BRICS to the tune of 33 billion 1/3 of what the IMF distributed in a year.
Seems to be working albeit maybe slowly. These comments made my India and Brazil were likely made to put the idiots in charge of our currency at ease while ignoring the obvious.
Right, a major problem of what's wrong with the world, is that currencies are effectively debt. In other words, it's mathematically impossible for most of society to avoid being constantly in debt. To buy resources, houses, capital, and many other things, you're competing against debt.
"They're failing because they're not acting exactly like the globalist institutions!" lol.
The dollar will not be replaced by a currency of a country more corrupted than we are. Qaddafi’s gold backed pan African currency had a shot but they stuck him in the ground before it got started.
The future isn't another combined currency like the Euro. It's the "pot of currencies" idea floated between WW1 and WW2 where global trade would be conducted in percentages of major economy currencies (dollars, pounds, francs, yuan, etc). Right now this trade is almost entirely in US dollars, which causes trade deficits for the US.
This is no surprise as creating a gold-backed currency is virtually impossible in this day and age. What most people don't understand is that in order for ANY fiat currencies to be gold-backed, governments absolutely MUST be Fiscally Responsible which has never and will never happen with fiat currency.
By this systems design, virtually nobody can afford any substantial assets without borrowing money from the bank. Namely, We are all fucking dirt poor and accept debt for the appearance that we are not. The feet of this system are made of clay as written in Daniel.
The U.S Government is run by Pedophile Faggots but who the fuck would trust China? I'll wager you can probably trust Russia a little bit more than the Pedophile Faggots Communist Piece of shit China but Russia is a tiny fish when it comes to Gold or any Assets besides Natural Resources.
Well, trusting another tyrannical government to be your friend makes things difficult because you'll have to relearn the new tyrant's behaviors. At least with our government, you already know they're a bunch of commie pedo fat fags who hate this country and want to bleed it dry so they'll happily help with it's destruction.
Good. Inasmuch as nobody wants to trust the US government, trusting Communist China is worse. The supposed "patriots" here shilling for BRICS should be ashamed. Ejecting globohomo from our country and returning to sound money need not involve our economic devastation and the empowerment of geopolitical adversaries.
Starting a rival reserve currency is no easy feat, however make no mistake that the dollar's dominance has been SEVERELY harmed by the actions of this administration. It will likely take many years for alternative(s) to be established, but countries around the world which are sick of being bullied by the state department are absolutely looking for every opportunity to get away from the USD and Euro.
If you're going to save America, you have to be truthful. EVERY administration has been a problem, including Trump's, because the underlining issue is the Federal Reserve. It wouldn't matter if Trump won 100 terms in office, if we don't end the Federal Reserve we're going to continue to decline. Yes, that means losing the "reserve currency" status of the world, but it will save Americans.
EXACTLY right. Hear hear!!!
The Federal Reserve has to go. It's a PRIVATE collection of banks with near dictatorial control of our banking and currency system. It's beyond insanity to keep it around. I always just take for granted people understand their origin story, but if you're not, probably the quickest introduction is to either read G Edward Griffin's The Creature From Jekyll Island or just watch one of his videos explaining it. The American people were totally conned. The very robber barons Americans were trying to restrict literally wrote the damn Federal Reserve Act.
But we can't fool ourselves. The issue is also fiat currency, direct taxation and obnoxious levels of government spending. The Federal Reserve has been around so long, it is the foundation of numerous other problems that will be directly affected if we just get rid of them.
For example, if you get rid of the Federal Reserve and re-tie our money to gold, that means there's no way in hell we can spend 3-4 trillion a year on entitlement programs. That money couldn't just largely be tossed atop a mountain of debt like we do now. It would ALL need to come from taxation, and that would CRIPPLE our economy. (which is why politicians don't do it now) The whole reason we went full on fiat is because LBJ's welfare state was amassing enormous budget deficits. So you'd have to cut spending, and also re-abolish the Federal Reserve's sister policy, the income tax.
In short, we have to re-embrace our liberty-centric founding principles. But there's an ENORMOUS upside. Our economy was estimated to have grown at 10% a year for the entire 19th century because of the freedom the U.S. had. The amount of wealth being lost to the banking cartel's Marxist policies is UNIMAGINABLE. All of our lives would be dramatically better with growth levels like that. We're lucky to hit 2% or 3% today and economic growth is EXPONENTIAL. It's hard to even put into words how much better our standard of living would be.
Those who prefer to suck off the public teat may be negatively affected at first, but we would have PRIVATE charities that people could donate to VOLUNTARILY, which would reintroduce ACCOUNTABILITY. If charity was voluntary and private, it would be MUCH hard to game the system so the money would go to people who legitimately needed help instead of lazy bastards.
This is probably the best of G Edward Griffin's videos on the topic:
https://www.youtube.com/watch?v=K1TGFCLx-dk
What do we replace it with that doesn't become just as bad though?
Whatever we had before 1913, I’m thinking.
America was doing just fine as a trade power.
The banking system prior to 1913 was characterized by a number of bank runs that resulted in depositors being wiped out.
So the same bankers who ran that crappy system conspired to fix it and install the British central banking model.
What we need to go back to is what we had from 1836-1860, although I'd rather see a broader basket of commodities backing the currency than just silver and gold.
I've always said a bank which cannot pay back all of it's depositors, as it contractually guarantees, is committing fraud. I've heard and seen people try to justify how the banking system works for decades, but IMO, the whole system is a fraud.
Conversely, if you give money to a bank, and say they can loan it out at interest, and that you can't withdraw it immediately (like a savings account), there is no threat of bank runs.
If it was up to me, I'd even outlaw (consider fraud) how shorting stocks currently works. You'd only ever be allowed to short a stock, by explicitly engaging in a bet against people who know they're buying the inverse of a short, but not the actual stock itself.
Those banking runs were caused in retaliation for Andrew Jackson, and eliminating the previous central bank. Nonetheless, it was a period of overall outstanding economic growth. It’s not the so-called British model, it is the international banking parasite system.
Have you heard of gold?
Charles de Gaulle has entered the chat
<Charles de Gaulle clutches his chest with excitement>
Ugh, the Gaulle to comment something like this
Every just says "gold" but there has to be some sort of system in place to control it. So who prevents that system becoming just as bad if not worse than the current one?
Store it at my house, audit it every day.
Apparently they are discussing some sort of 'blockchain' to monitor, report and verify the existence and transfer of the gold. Will be settled not daily but something like quarterly, to account for minor price fluctuations.
Not sure of the specifics, as I don't think it has been announced yet.
A paper currency readily convertible to gold seems like a reasonable idea to me.
Shut up Gaddafi, you're dead.
Sane ideas never die. Only censored by communist chinks.
You cannot simultaneously be the reserve currency AND have a trade surplus.
If you are the reserve currency this means you have to export enough dollars to keep up with the demand around the world. You export dollars buy purchasing goods from outside your borders.
This makes it a double edged sword.
Not to mention the cost of endless wars allover the world and the high numbers of enemies you'll get from running around attacking anyone who dares to reject the dollar. If the US was truly a free country, nobody should have the authority to tell you what you can or can't use as medium of exchange or store of value.
Bingo brother. Another reason we send so much foreign aid all over the globe is to prop up the reserve currency status. Making these countries all flush with USD makes it a no brainer for them to continue using it as an exchange medium.
Take the aid or take the sword
....and run up insane debts either.
Executive Order 11110, the reason JFK was assassinated.
Ron Paul is the man who woke me up 20 years ago.
Well, and if we’re going to be even more honest, the Federal Reserve doesn’t get replaced unless either the whole institution is nationalized or the nominee for the Federal Reserve needs to have enough clout with the Board of Directors of each branch, and that comes on the foundation of a pro-MAGA majority Congress nominating the right person that Trump appoints from his own sources (no Bitch McConnell or McCarthy picks are allowed to go past the recommendation stage).
The stars would have to align perfectly for such a thing to happen, which is why it doesn’t happen very often and only one president has ever abolished the Federal Reserve.
You'd definitely need a lot more than just a president to shut down the Federal Reserve. I don't see this corrupt system ending, except in one of three ways:
The last two require wrestling control away from the mainstream media (propaganda) machine. IMO, that's what every MAGA person should be focused on. Yes, vote, because we have no choice and need to slow down the machine, but without addressing things like media and education, we're screwed.
Yeah ultimately this is good news because a BRICS currency would of been a strong competitor as a reserve. Even just 5% of global reserves moving to it could damage us.
I actually think something like the BRICS would be great for the American people. Presuming our government doesn't do something so stupid as to sanction the entire BRICS (which in effect means the American people are sanctioned). It would likely be very bad for the elites and the endlessly inflating stock market that's built like a house of playing cards and hot-air.
There's always alternative commodities to take refugee too before the dollar collapse. After all, a lot of countries with fiat currency have experienced hyperinflation multiple times. People are creative and find other forms of money. Those suffering will be whoever is left with a huge pile of USD in savings. People who already get fucked hard by inflation.
This is why you know the "they're really just smart even if I'm not smart myself" posters who keep defending them are idiots. Yeah, they planned for their delicate way of life to disintegrate within a few years!
would *have or would've
Best,
Toofy 🐸
"5% of global reserves moving to" a BRICS currency would still leave the dollar firmly in the lead, yet you feel that it would be a good thing because it would "damage us". You don't give a shit about what happens to global trade, you just want America to be hurt. Maybe you should fuck off back to your America hating commie friends on reddit. Kill yourself.
Wrong. The dollar is the world reserve currency precisely because the US serves as the world police. Research "petrodollar" and try to imagine what incentive anyone would have to stick to dollars if we didn't serve as Saudi Arabia's military, or if someone else's navy was enforcing the rules of the sea
Now look at Russia kicking NATO's ass just fine in Ukraine.
Yeah, no way they are deescalating. Ukraine was started as a lynchpin for Putin's plan to set up an alternate currency.
I state this as a former sailor.
More like the US weaponized the USD after a US-backed coup in Ukraine, but the rest is accurate.
NATO isn't in Ukraine. I know you're used to having something up your ass all the time, but maybe try not leaving your head up there
What do you call the $100,000,000,000s of funding, countless sanctions, weapons, propaganda-support, planning, satellites, cruise missiles, drones, and everything else provided by NATO. What has NATO been talking about and doing since March 2022? What was NATO doing in Ukraine before March 2022? Why is the US basically out of 155mm ammo?
What do you call it if I give someone a cruise missile, the coordinates to your house, and know they launch that missile. Am I not a party to the war? 'I didn't pull the trigger!"
Maybe we don't have our B2 bombers in the air, or aircraft carriers in the area, or 100k troops on the ground in NATO uniforms, but it's about as close as you get.
I try to explain to some close people in my small part of the world that we won't be seeing this gold back currency without some massive push back in some way. they just seem to think those who will lose from it will not just sit back and do nothing.
They should just use Bitcoin. It's at least a guaranteed honest ledger.
Modi definitely got a big USD check for saying this.
More like a visit from the men in black. "Hey Modi, see what we just did to Imran Khan next door to you? Would be a shame if you suffered the same fate."
India could well find themselves on the outside looking in, if they go too strongly against China and Russia's interests here.
much as I would like BRICS to succeed to counter balance US, I don't think it could possibly do so without India. They've been trying to build new trade routes via rail and sea and those were supposed to truly link the Russia-India-China economies - and those trade routes heavily relied on India
India is trying to play both sides. All I'm saying is you tell them "You sure about that?" and see what they say.
What? No I heard he was ousted democratically to jail in a free and fair election!
I think it is more better the devil you know, China is even more untrustworthy than the US, and seemingly every Chinese businessman is a bold faced liar.
India and China hate each other.
You should see the fist fights between both sides' military forces on the borders.
It will take a lot more than a dislike of the federal reserve monetray policy and woke US leadership to overcome that, let alone basically sharing a reserve currency venture.
BRICS has been more or less Russia and China pushing for it. It's not a surprise at all that Brazil and India are hesitant (the US glowies literally overthrew Brazil, you can be assured they're in USD pockets whether they like it or not). Laughing them off is stupid, however; the WEF actually bought China's meek act before China rugpulled them out of their "exit plan."
There are people stupid enough to think the U.S. and NATO are just going to let Russia take Ukraine, not knowing that doing so will message to other countries, "lmao the Western countries are pozzed we can raep them all we want."
Russia is going to take most of Ukraine. Unless nato (us) are willing to do actual fighting over there (and we are not) Ukraine needs to come to grips with what they can protect and come to some peace agreement NOW.
NATO literally cannot stop them. Imagine the Brits and America having a draft, or conscription. Instant riots in the streets.
NATO and us, have fucked around and found out imo. Wth did they think would happen after all this time?? Let Russia and Ukraine work it out
India has the worlds largest population, they could easily push for their own rupee, make it asset backed, disconnect from the federal reserve or whatever they want.
Same thing in Europe, twice as large population as the US, why should Europe use USD when EUR performs similarly while giving more local control.
And South Africa is completely irrelevant.
It should just be called BRIC at this point because South Africa is a failed state on the precipice of complete collapse.
Xi is nuts. The fucker removed anyone who could challenge him and he has zero advisors. You see the idiots spraying down the runways for covid, that's Xi. You see China shutting down, losing all business and becoming a financial basket case, that's Xi.
Now look at China fighting India non-stop for Indian land, that's Mao to Xi.
India would be insane to trust China. Hell, if there is a major war against China, it will be Pakistan and China united to kill India.
Don't trust China, China is asshoe
India will be the decider in the next war. For China and Russia to take on the US, they need India's men. India got seriously raped by Britain, so trust me, India would love to fuck over the English world, including the US. However, we are lucky China is going back to communism, starvation and authoritarianism. Otherwise, India would have sided with BRICS. India is part of BRICS but they won't kill the US financially because China is dangerous as fuck.
Actually they have way more reasons to side with America over China.
I can make a massive list if you want.
H1B visa being top of the list.
India never joined globalism, they maintained their industries. India was raped by Britain and they were siding the Nazi's to get rid of Britain. The US is allied with Britain and its not as if Indians are not oblivious to that point.
India is getting its oil on the market, including from Russia. Russia opened up its markets to Indian stores to replace the European stores (save France - they stayed) that left the Russian markets. India has used Russian military equipment, especially their jet engines for quite some time.
None of that Matters because Russia will side with China over India.
And China is an immediate threat to India’s border.
India is the most important country of the 21st century, its not China. India is the kingmaker with its population. China is fucked due to demographic decline. India might not like being forced into using rapidly inflating currency like the dollar. India just bought oil from UAE in rupies not usd.
Buying oil doesn’t mean shit. China is still more powerful than India.
China is still a clear and present threat to India.
And these are just the major reasons.
China is the Heart of BRICS, and as long as that remains reality, India wants nothing to do with attempts at BRICS Centralization.
I often wonder what happened to our brother in HK that birthed one of the very best memes. Sadly, I'm sure we can assume the worst. RIP to a brave and funny dude.
The Corleone family never trusted Hyman Roth but they still did business with Hyman Roth.
BRICS is definitely not ridiculous, and yes we will lose reserve currency status sooner or later. What is ridiculous is our paper money that our Federal Reserve prints with reckless abandon.
The MODS here frequently sticky some of the most ridiculous things.
That's why it has to be gold based. You don't have to trust people when you're dealing in cold, hard currency. You all have your reserves and you ship them around as necessary in exchange for goods. If someone isn't trustworthy, they pay a higher price. Countries can come or go without much impact. Trying to manipulate the price of gold just ends with you holding less valuable gold or empty reserves.
having shithole countries like South Africa watering down the currency won't help
Sounds like some propaganda so we don't worry about our little dollar to me
Aye, why would you even need another currency when India can just buy oil from Russia with Rubles instead of the "all mighty Petrodollar".
Unfortunately the "West" (especially the EU who almost entirely depends on imported resources for it's Industry, and now - very sensibly - is sanctioning resource imports from it's most important trading partner) will pay a heavy price in the near future. Best to prepare for some juicy stagflation in the years to come.
Pretty much.
Glad this stuff is getting stickied instead of "pavement apes go wild in McDonalds AGAIN?!" because this is the real important shit to pay attention to and why everything is going crapbaskets.
Modi for the win 😂
Imagine BRICS getting started, but without China.
China is going to learn that bribery will never quite offset a reputation for lacking integrity. What's more, once a cheater always a cheater. China will never overcome its own self-inflicted stigma no matter how much it bribes people to look the other way.
The USD is still in trouble. I'm just saying it'll be really nice to see China get a lesson in humility and integrity.
"The new BRICS Development Bank “has disbursed only $33 billion worth of loans so far in its existence, roughly one-third of what the IMF has disbursed in a year.”
I don't know seems like there is a bank out there creating loans under BRICS to the tune of 33 billion 1/3 of what the IMF distributed in a year.
Seems to be working albeit maybe slowly. These comments made my India and Brazil were likely made to put the idiots in charge of our currency at ease while ignoring the obvious.
They are doing it and it's working.
Right, a major problem of what's wrong with the world, is that currencies are effectively debt. In other words, it's mathematically impossible for most of society to avoid being constantly in debt. To buy resources, houses, capital, and many other things, you're competing against debt.
"They're failing because they're not acting exactly like the globalist institutions!" lol.
That's interesting. India and China has never liked each other for like, 6000 years.
Give it time. India and most of the planet is moving on from the dollar. Already have but normies don't know it yet.
I am sure the CIA can work out a little nuclear exchange between the muzzies and street shitters to put them back into the stone age
The dollar will not be replaced by a currency of a country more corrupted than we are. Qaddafi’s gold backed pan African currency had a shot but they stuck him in the ground before it got started.
We need to stop being the Globopedo reserve currency and military cock puppet.
The future isn't another combined currency like the Euro. It's the "pot of currencies" idea floated between WW1 and WW2 where global trade would be conducted in percentages of major economy currencies (dollars, pounds, francs, yuan, etc). Right now this trade is almost entirely in US dollars, which causes trade deficits for the US.
Smart move
And smart that they did. Whatever you think about America's motives the Chinese are absolutely worse.
If we kept our dollar backed by gold it wouldn't even matter what other currencies start.....
END THE FED
Modi and Erdogan are really riding the fence hard as fuck lately.
They don't want to fuck themselves for when Trump is President again.
the idea of BRICS was perpetuated by the bankers in the first place
You can still pronounce it the same tho. But I'm sure it'll still be a threat without the street shitters.
Biden still isn't off the hook.
This is no surprise as creating a gold-backed currency is virtually impossible in this day and age. What most people don't understand is that in order for ANY fiat currencies to be gold-backed, governments absolutely MUST be Fiscally Responsible which has never and will never happen with fiat currency.
By this systems design, virtually nobody can afford any substantial assets without borrowing money from the bank. Namely, We are all fucking dirt poor and accept debt for the appearance that we are not. The feet of this system are made of clay as written in Daniel.
The U.S Government is run by Pedophile Faggots but who the fuck would trust China? I'll wager you can probably trust Russia a little bit more than the Pedophile Faggots Communist Piece of shit China but Russia is a tiny fish when it comes to Gold or any Assets besides Natural Resources.
Trump would definitely brick BRICS
So long as the currency is backed in gold as is planned there isn't that much shenanigans participating nations can play on each other.
China is the #1 counterfeiter of gold, not fun when you have to cut every single bar they ship to make sure it isn't tungsten core.
Well, trusting another tyrannical government to be your friend makes things difficult because you'll have to relearn the new tyrant's behaviors. At least with our government, you already know they're a bunch of commie pedo fat fags who hate this country and want to bleed it dry so they'll happily help with it's destruction.
Gee, I did not see that coming.
Also, a currency backed by gold where you cannot trade in bucks for gold.
Good. Inasmuch as nobody wants to trust the US government, trusting Communist China is worse. The supposed "patriots" here shilling for BRICS should be ashamed. Ejecting globohomo from our country and returning to sound money need not involve our economic devastation and the empowerment of geopolitical adversaries.
I wasn't expecting that.
Bidonomics
We shall bury you from within. (Russia/Khrushchev)
Jeffery from the Family Circus (Biden/ a traveler)
A potato stomping moron
That-a-boy Modi
Modi cashing checks in USD.