Let me give you an analogy. Imagine a high security prison where all the real heroes are imprisoned, and has been around for decades. Every single time someone escapes it, they are shot dead. No exceptions.
Now suddenly one guy escapes the prison. Then another. Then 3 more. None of them shot dead, none of them caught, none of the tortured.
The warden says - "Compare the side of the prison population to the size of the population that escaped"
This comparison is inherently flawed, because the very fact that one prisoner escaped without repercussion means, soon everyone will, regardless of the size.
From my perspective, it is quite simple. The eurodollar market, specifically the non domestic dollar market = M2, is quite an enigma for those not in the know. The current market is beyond the 19 trillion dollars(2021) and it would not surprise me if the current value is north of 20T.
Compare it to the fledgeling Brics currency market. Of course, when things change, like France paying for gas in Yuan, it taking away from this market at first sight. Little tiny bits.
Perhaps the significance of France doing such a thing relates to Africa, where France still is in control of the local currencies.
Then there is something else to consider. This eurodollar market grows in size thanks to inflation. Big does not mean sturdy. Just a size. However, this market has an underpinning. And it is this underpinning that needs to be considered in comparison to what the BRICS are doing in order to assess potential consequences.
For instance, the simplicity with which this topic is approached is rather stunning.
This of course, is only a potential. Not every Indian is going to export to Russia. However, with economic growth and a participation rate growing in that growth for the population at large, yeah, then you would have something.
Yet, in comparison, at least a billion people underpin the euro-dollar market. Comparing economical data, then I would conclude that the India Russia scheme is far from mature.
Is the move important? I think so. Does it mean the immediate death of the dollar, I don't think so. Does it convey more liberty in trade to Russia and India (a country deeply intertwined in weapons deliveries from Russia? I would say so, as the US foreign policy component, which is duly controlled by the deep state, is lessened. A soft power weapon like swift, loses it's potency.
Of course, what I am writing here, is not everything, just a pointer.
The eurodollar market, specifically the non domestic dollar market = M2, is quite an enigma for those not in the know.
Of course its an enigma because its intended to be an enigma, much like the rest of the financial system, because the whole thing is one big ponzi scheme where value is created out of nothing and then that value is shoved down the rest of the world either with smooth talk, brainwashing or at gun point.
If you take a step back and look at the 40,000ft picture, it becomes much easier to understand. Compared to the amount of western currency in circulation, the value underpinning it is a fraction. Now when you include not just currency but all the derivative instruments (including stock market), the actual value underpinning the financial system is infinitesimal.
It is, actually worse than a Ponzi scheme, because you can opt out of a Ponzi scheme, but you can't opt out of the Western aka Cabal financial system.
When you look at a ponzi scheme, you dont say "Wow, look how big it is!". You say "Damn, thats gonna collapse", because every Ponzi scheme has to come to an end.
Why? Because value is created out of nothing, and the illusion of value is maintained by adding more people into the scheme. When there are no new people to be recruited, it cannot grow and it crashes.
Same with the financial system. Except, the illusion of value is maintained by multiple means:
Adding new participants - aka Globalization. Why do you think they had to drag the 3rd world countries into this system?
Petro dollars. If you want petrol you have to first buy dollars and then use it to buy Petrol.
Tanks and Drones. What happens if a leader trades oil using currency other than dollar? You gotta roll in the tanks, drones, missiles or a color revolution.
Human and Drug trafficking. Get the underworld hooked on these things, and when they want to buy these from you, they have to pay in dollars. This is why CIA (the enforcer for the Banksters) have to deal drugs and kids. Its the age old technique to balance the books, going back all the way to Opium wars to balance the trade deficit from the spice trade.
Finally, they pushed all boundaries in 2008, and printed near unlimited money to bail out the system, and used innovative ways to suppress the resulting inflation, including Tech Stocks bubbles, Cryptos bubbles, Multiple wars etc.
I can see from your reply that you are well versed with economics. This is why it is even more important to forget the trees and look at the forest.
USD was weaponized after Bretton Woods II, in 1971, when Nixon took USD off gold standard completely, and created the Petrodollar. Since then, any world leader who refuses to use USD for oil sales would get Saddam'ed.
Only now its being exposed to the extent that even the sleepers can see.
Yeah, nah. Nothing to do with Biden except that he is willingly or unwittingly being used to advance the plan.
For decades, US citizens enjoyed a wonderfully opulent lifestyle (compared with the rest of the world) because the US Deep State Cabal forced other nations to use the petro dollar as the world reserve currency. If you refused to join the club, you go Gaddafied. Knocked off, deposed, color revolutioned.
So the middle East was kept in a state of perpetual war, other nations could not progress naturally unless they signed on to the hegemony the US Deep State Cabal had set up.
This had to change. And, it couldn't change with DJT in the white house. So Biden is in there while all the nations formerly under the thumb and afraid of the US dollar control are breaking free, and starting to use their OWN currencies. Which is a good thing.
The world needs to become that multipolar world where sovereign nations interact and cooperate based on mutual interests, where deals can be made without Cabal control.
And, depending how you look at what has been happening, it appears there is a very good case for concluding that all this was set up under DJT, and is now proceeding ahead.
What could be better for the world than a non-globalized coalition of sovereign nations cooperating and seeking mutual benefit? Coexistence, common ethics, and co-prosperity.
The US, and many of the Western nations, are probably going to go through some painful times, but it will probably only be a taste of what for billions in other parts of the world has been typical.
Exactly. Who would want anything to do with the US dollar? It's fiat, emitted by a criminal banking cartel, and always has been worthless (especially since we were taken off the gold standard).
These things are good to consider.
However, compare it to the Euro-dollar market.
What would you like to compare with Euro-dollar market
The size of the Brics currency market to the euro-dollar market. Due to changes, this may take a hit. This is where inflation comes in.
Let me give you an analogy. Imagine a high security prison where all the real heroes are imprisoned, and has been around for decades. Every single time someone escapes it, they are shot dead. No exceptions.
Now suddenly one guy escapes the prison. Then another. Then 3 more. None of them shot dead, none of them caught, none of the tortured.
The warden says - "Compare the side of the prison population to the size of the population that escaped"
This comparison is inherently flawed, because the very fact that one prisoner escaped without repercussion means, soon everyone will, regardless of the size.
I am not sure what you are trying to say.
From my perspective, it is quite simple. The eurodollar market, specifically the non domestic dollar market = M2, is quite an enigma for those not in the know. The current market is beyond the 19 trillion dollars(2021) and it would not surprise me if the current value is north of 20T.
Compare it to the fledgeling Brics currency market. Of course, when things change, like France paying for gas in Yuan, it taking away from this market at first sight. Little tiny bits.
Perhaps the significance of France doing such a thing relates to Africa, where France still is in control of the local currencies.
Then there is something else to consider. This eurodollar market grows in size thanks to inflation. Big does not mean sturdy. Just a size. However, this market has an underpinning. And it is this underpinning that needs to be considered in comparison to what the BRICS are doing in order to assess potential consequences.
For instance, the simplicity with which this topic is approached is rather stunning.
This of course, is only a potential. Not every Indian is going to export to Russia. However, with economic growth and a participation rate growing in that growth for the population at large, yeah, then you would have something.
Yet, in comparison, at least a billion people underpin the euro-dollar market. Comparing economical data, then I would conclude that the India Russia scheme is far from mature.
Is the move important? I think so. Does it mean the immediate death of the dollar, I don't think so. Does it convey more liberty in trade to Russia and India (a country deeply intertwined in weapons deliveries from Russia? I would say so, as the US foreign policy component, which is duly controlled by the deep state, is lessened. A soft power weapon like swift, loses it's potency.
Of course, what I am writing here, is not everything, just a pointer.
Of course its an enigma because its intended to be an enigma, much like the rest of the financial system, because the whole thing is one big ponzi scheme where value is created out of nothing and then that value is shoved down the rest of the world either with smooth talk, brainwashing or at gun point.
If you take a step back and look at the 40,000ft picture, it becomes much easier to understand. Compared to the amount of western currency in circulation, the value underpinning it is a fraction. Now when you include not just currency but all the derivative instruments (including stock market), the actual value underpinning the financial system is infinitesimal.
It is, actually worse than a Ponzi scheme, because you can opt out of a Ponzi scheme, but you can't opt out of the Western aka Cabal financial system.
When you look at a ponzi scheme, you dont say "Wow, look how big it is!". You say "Damn, thats gonna collapse", because every Ponzi scheme has to come to an end.
Why? Because value is created out of nothing, and the illusion of value is maintained by adding more people into the scheme. When there are no new people to be recruited, it cannot grow and it crashes.
Same with the financial system. Except, the illusion of value is maintained by multiple means:
Adding new participants - aka Globalization. Why do you think they had to drag the 3rd world countries into this system?
Petro dollars. If you want petrol you have to first buy dollars and then use it to buy Petrol.
Tanks and Drones. What happens if a leader trades oil using currency other than dollar? You gotta roll in the tanks, drones, missiles or a color revolution.
Human and Drug trafficking. Get the underworld hooked on these things, and when they want to buy these from you, they have to pay in dollars. This is why CIA (the enforcer for the Banksters) have to deal drugs and kids. Its the age old technique to balance the books, going back all the way to Opium wars to balance the trade deficit from the spice trade.
Finally, they pushed all boundaries in 2008, and printed near unlimited money to bail out the system, and used innovative ways to suppress the resulting inflation, including Tech Stocks bubbles, Cryptos bubbles, Multiple wars etc.
I can see from your reply that you are well versed with economics. This is why it is even more important to forget the trees and look at the forest.
I'll give it a shot.... instead of hillbillary clintocunt killing Gaddafi or bush killing sadam etc...
the globohomos are POWERLESS to stop it this time...
little dutch boy has run out of fingers.
The dollar is dead.
BRICS, Brazil, Russia, India, China, South Africa, and more joining by the week , I believe Saudi and Iran also. All bc Biden weaponized the USD
USD was weaponized after Bretton Woods II, in 1971, when Nixon took USD off gold standard completely, and created the Petrodollar. Since then, any world leader who refuses to use USD for oil sales would get Saddam'ed.
Only now its being exposed to the extent that even the sleepers can see.
And yes, this blood money system needs to go.
Yeah, nah. Nothing to do with Biden except that he is willingly or unwittingly being used to advance the plan.
For decades, US citizens enjoyed a wonderfully opulent lifestyle (compared with the rest of the world) because the US Deep State Cabal forced other nations to use the petro dollar as the world reserve currency. If you refused to join the club, you go Gaddafied. Knocked off, deposed, color revolutioned.
So the middle East was kept in a state of perpetual war, other nations could not progress naturally unless they signed on to the hegemony the US Deep State Cabal had set up.
This had to change. And, it couldn't change with DJT in the white house. So Biden is in there while all the nations formerly under the thumb and afraid of the US dollar control are breaking free, and starting to use their OWN currencies. Which is a good thing.
The world needs to become that multipolar world where sovereign nations interact and cooperate based on mutual interests, where deals can be made without Cabal control.
And, depending how you look at what has been happening, it appears there is a very good case for concluding that all this was set up under DJT, and is now proceeding ahead.
What could be better for the world than a non-globalized coalition of sovereign nations cooperating and seeking mutual benefit? Coexistence, common ethics, and co-prosperity.
The US, and many of the Western nations, are probably going to go through some painful times, but it will probably only be a taste of what for billions in other parts of the world has been typical.
Exactly. Who would want anything to do with the US dollar? It's fiat, emitted by a criminal banking cartel, and always has been worthless (especially since we were taken off the gold standard).