Bit baffled by this. Investors are really reluctant to trust Russia because it is a kleptocracy. Brazil is politically unstable, and China and India hate each other and are more likely to go to war than merge their gold reserves to back a new currency
Why do people hate the USA/US dollar so much that they will believe these fantasies?
This is not a fantasy. This is happening right now. America has used its currency as a weapon one too many times and the rest of the world is tired of it. De-dollarization is well underway.
The US is almost 33 Trillion dollars in debt and keeps printing money. The dollar is backed by nothing but faith and the faith in America is cratering.
Doesn't change the fact that China and India won't share their gold reserves, and Brazil is unstable. If you think that the tensions in the Euro are bad, their economies are massively more closely aligned than the BRICS nations, and they already have political structures in place, which BRICS don't have, and won't have
It took America 209 years to get the deficit up to 1.8 Trillion dollars. The deficit has gone up by 1.8 Trillion dollars in the last 8 weeks.
I don't like, trust, or care about the BRICS nations.
"Gold shall destroy FED." Most people do not understand the implications of what the end of the FED means. The dollar is dying. It has to. Get physical Gold and Silver while you still can.
I've had people telling me that fiat currencies will collapse, and I need to hoard gold for decade, and I will be hearing it for decades to come. And the Fed will still be there. Feel free to keep me updated with news of it's disappearance
Bit baffled by this. Investors are really reluctant to trust Russia because it is a kleptocracy. Brazil is politically unstable, and China and India hate each other and are more likely to go to war than merge their gold reserves to back a new currency
Why do people hate the USA/US dollar so much that they will believe these fantasies?
This is not a fantasy. This is happening right now. America has used its currency as a weapon one too many times and the rest of the world is tired of it. De-dollarization is well underway.
The US is almost 33 Trillion dollars in debt and keeps printing money. The dollar is backed by nothing but faith and the faith in America is cratering.
Doesn't change the fact that China and India won't share their gold reserves, and Brazil is unstable. If you think that the tensions in the Euro are bad, their economies are massively more closely aligned than the BRICS nations, and they already have political structures in place, which BRICS don't have, and won't have
It took America 209 years to get the deficit up to 1.8 Trillion dollars. The deficit has gone up by 1.8 Trillion dollars in the last 8 weeks.
I don't like, trust, or care about the BRICS nations.
"Gold shall destroy FED." Most people do not understand the implications of what the end of the FED means. The dollar is dying. It has to. Get physical Gold and Silver while you still can.
Fitch downgrades U.S. long-term rating to AA+ from AAA https://www.cnbc.com/2023/08/01/fitch-downgrades-us-long-term-ratings-to-aa-from-aaa.html
I've had people telling me that fiat currencies will collapse, and I need to hoard gold for decade, and I will be hearing it for decades to come. And the Fed will still be there. Feel free to keep me updated with news of it's disappearance