This seems potentially monumental. They could potentially destroy the fiat dollar which may forever ruin the ability the US had to hit countries with sanctions. Saudi Arabia, Argentina, Indonesia and Egypt are considering joining in the alliance.
https://twitter.com/Ultrafrog17/status/1664406143748194304?s=20
Maybe the white hats will back the dollar with gold too at some point. Otherwise it's TP.
Doesn't the fact that BRICS is pushing for gold-backed currency imply that BRICS has the gold and not us? Obviously there is a ton of gold out there, but it seems like if BRICS wants gold-backed currency then BRICS must have a lot of access to gold. Which is a bit worrisome given that multiple BRICS leaders have connections to the WEF.
I'm not disagreeing about needing to end the fiat system, I just wonder how BRICS doesn't create other problems in the future.
We could just forego a pure gold standard in exchange for a pure silver or a silver/gold standard. After all, up until the end of the civil war when Ulysses Grant passed the Coinage act of 1873, silver was the actual money of this country, gold being a ratioed equivalent of silver. There was huge movements during the Gilded age to remonitize silver too, just look at the Cross of Gold speech by William Jennings Bryan.
You could back it by essentially anything, even river rocks if need be (slight hyperbole).
The problem is that our money isn't really backed by anything except our stranglehold on the world, and that is steadily slipping as we've given all of our manufacturing (and with it IPs and technological advancements) to foreign countries and now rely on places like China, hostile foreign nations, even to produce our medicine for us.
Backing it with something tangible is an automatic improvement.
what do you mean our? you are not part of us. you are the enemy
What the actual dipstick are you talking about low karma, low engagement, new user?
I am pointing out you are the enemy of us.
Well for gold who is determining the value and in what currency? Is it each country looks at how much gold they have and set their own value for their currency? If I have 100 lbs of gold and million whatever currency in circulation then I divide and come up with the value of my gold backed currency? How will the price of gold really be determined cause if Russia sets it based on their currency then I could set the value of my currency to gold however. It confuses me
In reality, there will be some exchange ratio of X dollars for 1 oz of gold, and each nation will have their own ratio of units currency to 1 oz gold.
Assume 100 dollars = 1 oz gold, and 500 rubles = 1 oz gold, therefore 100 dollars = 500 rubles, b/c 100 = 1 = 500.
The actual value of a dollar depends on the value of gold, but exchanging currencies is just a simple ratio to gold and back.
I get that but the hard part is what will be the value of gold ounces to dollars
There are waaaaaay too many dollars out there! It is difficult to determine the actual amount of dollars invented. Some assessments are a million to one ounce of gold the Govt claims the US has.
Of course that changes if “We have the gold” means the q group has a secret stash that is huge and cashes it in for control of the country after the dollar crashes to shit.
Good, we don't want an asymmetric economic world in the long term.
It appears the proposed gold-backed currency will act as a stable coin for BRICS nations, much like Tether or USDC is for crypto. If so, the currency would bring all other BRICS currencies into relative alignment and prevent volatility and the manipulation we see with fiat currencies. This is bad news for the banking families.
Money...money...money. This IS the only thing that will wake the normies up. Once everyone loses everything they will change. The worship of money is why the US and the world frankly is the hell hole it's is. People have turned away from God because their God is money.
👍👌🙏🏻
I'm a little puzzled by this site's push that BRICS is a positive force. Lula De Silva is a WEF guy and Rhamaphosa has connections to Tony Blair. Xi, Modi, and Putin all seem to have WEF ties as well.
I'll admit, Putin and Modi are bit more of wildcards than the other three. They, at the least, seem like gray hats that align more with the white hats than the cabal, but still, that's only 2 out of the 3.
It seems to me that if Lula De Silva, Rhamaphosa, and Xi are all agreeing to gold-backed currency, then the cabal is not actually being taken down when the US dollar tanks. It seems like they'll just slide over to their buddies in BRICS.
Agreed. Why celebrate something rather than analyzing the pro's and con's and deeper issue of BRICS ?
Exactly. Maybe we should raise awareness of BRICS creating a new gold-backed currency because it might be (unless our government makes it illegal, which would be pretty extreme but not out of the question) a good place to put some of our money for when the dollar eventually tanks.
On the other hand, gold-backed currency implies that BRICS has a lot of gold, which implies that the white hats don't have that gold or are in league with BRICS (which, for the reasons I mentioned earlier, seems problematic in itself)
To me, the whole issue needs a deep dive so that we can figure out how to best maneuver any storms that are coming our way.
Why don't also we join with BRICS? I assume each country that joins has their own gold.
It'd be better than what we've got right now.
We will. You just watch, fren. And don't worry.
I'm under the suspicion that BRICS is another play for a One World Digital currency.
It is following the same objective that they want. We have to be careful of who we accept or root for.
As shitty and necessary as it is for the USD to fail, because it will, we need to seriously root out all of the nasty central bankers and central control.
Decentralization is the only way to root this bullshit out. If no one can completely control it, then we are on the way.
This is why other cryptocurrencies, cryptocurrencies backed by gold (which is verifiable) is the only convincing way out of this mess.
Any power that has control of ANY currency is a mistake that we cannot make again.
Have to learn our lesson as to how and why this happened. It all starts with centralized control of currency.
Solid points about decentralization and the control of currency.
It is wild to me that so many people are willing to allow overlords (benevolent {in their eyes at least} or not) to have control over our monetary systems
We have not been good stewards of the money system we have. Decades after decades of corruption / abuse of power. I wonder how the bazillion-dollar human trafficking system will function without the fiat dollar. And massive money laundering like the one running Maricopa County and U.S. "interests" in the Ukraine. Let's see how big a dent can be made in Vanguard and Blackrock and all forms of prosperity enjoyed by "The 300" running slave-planet Earth.
Interesting points.
Make no mistake about it. The currency of heaven is obedience to God. The reward is paid more than its weight in gold.
Gold has historically always had intrinsic value and judging from history it looks like it always will. All other means don't come anywhere close to comparing. To me, gold is God's currency for people. There is a catch though. It's called possession. The old saying of 'possession is nine-tenths of the law' holds just as true today as it always has. If you don't physically possess it, then you are left with having to put your faith into the holder's hands.
BRICS based on gold is a good start, that is just as long as the currency is redeemable in gold. A digitized gold standard is only as good as the physical gold that supports it. If the gold doesn't exist (vapor-ware) than it is a sham just as the Fractional reserve system is.
I have silver
I wish I bought all my silver with cash, it's all on record the government might come confiscate it. I think FDR confiscated people's gold.
I meant that I HAD silver. Lost it all in a boating accident.
Mine was stolen along with my guns, I didn't report it because racism.
Hurry.
The.
&*#@.
Up.
Hallelujah
make fiat competitive again
It is not just gold. It will be backed by commodities as well.
How much food should we have on hand now, I used to think a month was enough. I no longer think a month is enough.
Creating a currency? You mean they won't be using an existing currency? I find it a little hard to believe they will create a new currency out of thin air and the world will flock to it