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.
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.