Agreed. I think this is a good thing for the US, especially once we have some success getting rid of the DS/cabal control over so much of our government.
Getting rid of the DS means also getting rid of the endless wars, etc. There is then no point for the US to try to establish itself as a global superpower as it has in the past (to support evil DS agendas). So much of the current geopolitics basically disappears, since it serves no purpose going forward.
Also, if the US dollar is no longer the global reserve currency, that would make it much easier to convert to a new dollar backed by precious metals (gold, silver, platinum), for example.
The rise of the BRICS is a win for the world and a win for the US as well.
You do realize, don't you, that someone is going to try to take the position of global leader. The question is, if not a Constitutional US, then who do you trust to be the global superpower? China?
Your reading comprehension sucks. Try again to understand the concept of multipolar... in which there is no single global superpower. This describes the situation that existed in the world for a very long time, prior to WW2.
The US will be a power, China will be a power, Europe will be a power... etc. Multiple "powers", and no real global superpowers. It is a more stable and equitable arrangement for everyone.
I do believe that the answer is decentralization through nationalism, but even as Trump was promoting and facilitating the very idea you describe, He was promoting the US as a leading the world into that and also being that beacon of freedom. He was not touting a world where we are just another run of the mill country. I read your post correctly. I know what you are saying. I'm just saying a leader will just naturally rise up. That leader will either be a benign leader like a Constitutional US, or an authoritarian one like a Communist China.
EVERY country will be their OWN sovereign nation. First will be self sufficiency. This is what Russia has. The world needs Russia but Russia doesn’t need the world and this didn’t happen overnight. They’ve realised, especially since the start of the SMO, but possibly going back to the sabotaged Minsk Accords, that Russia should be reliant on NO ONE. Their people come FIRST! What a novel idea! We in the West have not experienced that for decades. Look at the borders! Look at elections! Look at laws introduced to help one side and go against the other half of the country! Look at the corrupt judiciary!! Look at the pharmaceutical and military complexes! How many have feathered their own nests in government via these very mechanisms?
According to Merkel and confirmed by ex-French President Hollande a few days ago, the idea of the Minsk Agreements back in 2014/2015, was that the only reason they signed them was to build up a considerable army in Ukraine. https://www.wsws.org/en/articles/2022/12/22/ffci-d22.html Why? To do the very thing they are doing now. To use Ukraine to fight in America’s place., with NATO to place nuclear weapons inside Ukraine. No other reason. America wanted to create a situation and duplicate what they have done on numerous occasions across the world and that is to agitate for REGIME CHANGE and pilfer Russians natural resources among other things. The EU/West had already divided Russia into 4 zones after this regime/change was instigated. Google it, but click on maps.
The most wicked lies have been told about Russia in this conflict. The legacy media have been the propaganda arm of the US Military and that’s frightening. They have stood before the American people and lied over and over. How much more money is going to be sent to Zelensky?? Why so desperate to unseat Putin?? Only a week or so ago, the US Military thanked and praised a retiring war journalist from CNN. The adoration and praise bordered on sycophantic and we now know why 45 never stood a chance. https://youtu.be/1rMQNGK-SB4 I believe Colonel Douglas MacGregor was right when he said ‘The military is top heavy with Generals, each beholden to the Military Industrial Complex, but trying to revive WW2, of which they never won. and haven’t won a war since’. And they are trying to pick a fight with 2 (add China) Military mights. There are challenges rushing at the West head on, the first will be the collapse of the petrodollar. It’s happening now. Already the BRICS nations (growing daily) are either trading in Gold, or their own respective currency. They are fleeing the US$ because they see the writing on the wall. Nothing will stop it. The ONLY thing we in the West can do is prepare. Get rid of cc debt. Sell something to pay it off or use that sale to buy in food, medicines, water, fuel, etc. And pray. Pray without ceasing because it’s out of our hands now. God Bless.
The value of everything is literally determined by supply (scarcity) and demand.
You could apply the same logic to gold. But you’ll then argue that gold has industrial applications, which is also true for btc. Bitcoin, a decentralized, peer to peer ledger, is quite literally the best solution for ending the DS central banking system. They’ll try a rugpull by trying to displace btc with CBDCs, but ultimately NCSWIC.
Apart from it being unnecessary, you can't back BTC with gold because who would be the curator of the gold? You can't integrate physical metal with the blockchain, trustlessly. Forget it!
I had a look through those. I'm happy with the term you used "backed by" and it's often suggested. However, there's an overriding problem in that discussion. Central banks or even private companies would want to implement their own centralised blockchain which would be open to the kinds of manipulation that (decentralised) Bitcoin is protected from.
I hope you can see that, if you own 20 crypto-rubles, the bank could rewrite their private blockchain (no expensive mining involved) and say all your BTC belong to someone else. You have to trust them not to do that. BTC is "trustless". You don't need to trust anyone. Now, once you've had your Bitcoin confiscated, how would it help you that it's backed by gold or not?
The Seeking Alpha article is mainly concerned with pegging the value of fiat to gold, which is fine. It stops the central banks from "printing money" unless they have the metal to back it up. The mention of Bitcoin is incidental and could be used to lend more legitimacy to the plan.
By the way, look out for articles about precious metals and see how infrequently (never) anyone suggests that they would have more confidence in gold if it was backed by Bitcoin ;)) I mean what happens when vast gold deposits are acquired through asteroid mining ? Its value nose-dives :))
BRICS
Agreed. I think this is a good thing for the US, especially once we have some success getting rid of the DS/cabal control over so much of our government.
Getting rid of the DS means also getting rid of the endless wars, etc. There is then no point for the US to try to establish itself as a global superpower as it has in the past (to support evil DS agendas). So much of the current geopolitics basically disappears, since it serves no purpose going forward.
Also, if the US dollar is no longer the global reserve currency, that would make it much easier to convert to a new dollar backed by precious metals (gold, silver, platinum), for example.
The rise of the BRICS is a win for the world and a win for the US as well.
You do realize, don't you, that someone is going to try to take the position of global leader. The question is, if not a Constitutional US, then who do you trust to be the global superpower? China?
Your reading comprehension sucks. Try again to understand the concept of multipolar... in which there is no single global superpower. This describes the situation that existed in the world for a very long time, prior to WW2.
The US will be a power, China will be a power, Europe will be a power... etc. Multiple "powers", and no real global superpowers. It is a more stable and equitable arrangement for everyone.
I do believe that the answer is decentralization through nationalism, but even as Trump was promoting and facilitating the very idea you describe, He was promoting the US as a leading the world into that and also being that beacon of freedom. He was not touting a world where we are just another run of the mill country. I read your post correctly. I know what you are saying. I'm just saying a leader will just naturally rise up. That leader will either be a benign leader like a Constitutional US, or an authoritarian one like a Communist China.
EVERY country will be their OWN sovereign nation. First will be self sufficiency. This is what Russia has. The world needs Russia but Russia doesn’t need the world and this didn’t happen overnight. They’ve realised, especially since the start of the SMO, but possibly going back to the sabotaged Minsk Accords, that Russia should be reliant on NO ONE. Their people come FIRST! What a novel idea! We in the West have not experienced that for decades. Look at the borders! Look at elections! Look at laws introduced to help one side and go against the other half of the country! Look at the corrupt judiciary!! Look at the pharmaceutical and military complexes! How many have feathered their own nests in government via these very mechanisms?
According to Merkel and confirmed by ex-French President Hollande a few days ago, the idea of the Minsk Agreements back in 2014/2015, was that the only reason they signed them was to build up a considerable army in Ukraine. https://www.wsws.org/en/articles/2022/12/22/ffci-d22.html Why? To do the very thing they are doing now. To use Ukraine to fight in America’s place., with NATO to place nuclear weapons inside Ukraine. No other reason. America wanted to create a situation and duplicate what they have done on numerous occasions across the world and that is to agitate for REGIME CHANGE and pilfer Russians natural resources among other things. The EU/West had already divided Russia into 4 zones after this regime/change was instigated. Google it, but click on maps.
The most wicked lies have been told about Russia in this conflict. The legacy media have been the propaganda arm of the US Military and that’s frightening. They have stood before the American people and lied over and over. How much more money is going to be sent to Zelensky?? Why so desperate to unseat Putin?? Only a week or so ago, the US Military thanked and praised a retiring war journalist from CNN. The adoration and praise bordered on sycophantic and we now know why 45 never stood a chance. https://youtu.be/1rMQNGK-SB4 I believe Colonel Douglas MacGregor was right when he said ‘The military is top heavy with Generals, each beholden to the Military Industrial Complex, but trying to revive WW2, of which they never won. and haven’t won a war since’. And they are trying to pick a fight with 2 (add China) Military mights. There are challenges rushing at the West head on, the first will be the collapse of the petrodollar. It’s happening now. Already the BRICS nations (growing daily) are either trading in Gold, or their own respective currency. They are fleeing the US$ because they see the writing on the wall. Nothing will stop it. The ONLY thing we in the West can do is prepare. Get rid of cc debt. Sell something to pay it off or use that sale to buy in food, medicines, water, fuel, etc. And pray. Pray without ceasing because it’s out of our hands now. God Bless.
Btc backed by gold.
Btc doesn’t need to be backed by gold. Scarcity is built into the protocol.
And it gets even scarcer when the power is out or we get an EMP. Gold and silver don't have those problems.
We are rapidly approaching a magnetic flip which will have our solar shields down as we go through 23'-25' solar cycle maximum.
Oh not this shit again
It‘s called math. And yeah, again.
Beginning In 2025 Central banks will be allowed to have up to 2% of their reserves in Crypto. Discussed here https://youtu.be/zLCv5fT7QlA
The no-coiners word for Bitcoin facts?
At least you're backing the MSM / central banker's POV. I wonder if maybe your alarm bells are defective, as well as your etiquette.
Scarcity isn't worth shit if nobody wants them
The value of everything is literally determined by supply (scarcity) and demand.
You could apply the same logic to gold. But you’ll then argue that gold has industrial applications, which is also true for btc. Bitcoin, a decentralized, peer to peer ledger, is quite literally the best solution for ending the DS central banking system. They’ll try a rugpull by trying to displace btc with CBDCs, but ultimately NCSWIC.
It doesn’t. But it’s always good to have a sovereign nation making a currency redemption in solid asset.
It gives an air of legitimacy to the holdouts.
Buffet and munger can’t say btc isn’t backed by anything as a sleight.
Bitcoin can't be backed by gold, because Bitcoin is backed by Bitcoin.
I’ve filled btc for years but I may have used incorrect terms. Some sauce for discussion.
https://news.bitcoin.com/gold-based-digital-assets-issued-in-russia/
https://www.coindesk.com/policy/2022/06/23/gold-backed-stablecoin-can-help-russia-circumvent-sanctions-government-owned-bank-suggests/
https://seekingalpha.com/article/4501191-russia-gold-standard-what-means-gold-bitcoin
https://bitcoinist.com/russia-consider-gold-backed-cryptocurrency/amp/
Apart from it being unnecessary, you can't back BTC with gold because who would be the curator of the gold? You can't integrate physical metal with the blockchain, trustlessly. Forget it!
I’ve filled btc for years but I may have used incorrect terms. Some sauce for discussion.
https://news.bitcoin.com/gold-based-digital-assets-issued-in-russia/
https://www.coindesk.com/policy/2022/06/23/gold-backed-stablecoin-can-help-russia-circumvent-sanctions-government-owned-bank-suggests/
https://seekingalpha.com/article/4501191-russia-gold-standard-what-means-gold-bitcoin
https://bitcoinist.com/russia-consider-gold-backed-cryptocurrency/amp/
I had a look through those. I'm happy with the term you used "backed by" and it's often suggested. However, there's an overriding problem in that discussion. Central banks or even private companies would want to implement their own centralised blockchain which would be open to the kinds of manipulation that (decentralised) Bitcoin is protected from.
I hope you can see that, if you own 20 crypto-rubles, the bank could rewrite their private blockchain (no expensive mining involved) and say all your BTC belong to someone else. You have to trust them not to do that. BTC is "trustless". You don't need to trust anyone. Now, once you've had your Bitcoin confiscated, how would it help you that it's backed by gold or not?
The Seeking Alpha article is mainly concerned with pegging the value of fiat to gold, which is fine. It stops the central banks from "printing money" unless they have the metal to back it up. The mention of Bitcoin is incidental and could be used to lend more legitimacy to the plan.
By the way, look out for articles about precious metals and see how infrequently (never) anyone suggests that they would have more confidence in gold if it was backed by Bitcoin ;)) I mean what happens when vast gold deposits are acquired through asteroid mining ? Its value nose-dives :))