I might be wrong, but I think "BRICS currency" is a red herring. In a multi polar world, every pair of countries should use each other's currencies to settle their trade. Thats how you get a robust decentralized global economy that cannot be controlled by one actor.
However, claiming that Indian Rupee or Vietnamese Dong is going to be playing a big role in international stage is gonna fly over most people's head at this point. So they have to create the concept of a "BRICS dollar".
If at all such a thing really materializes, it will be a basket of currencies from the BRICS countries, or simply a gold backed digital currency that all countries can value theirs against.
But it does not really matter - what matters is that the unipolar world controlled by the Banksters and their FERN USDs will end.
BTW October sounds perfect. The mother of all "October Surprises"
That's why I like crypto. You know there's hundred of crypto out there. No centralized anything. I just absolutely love it that we don't need to go thru any bank at all.
The concept of decentralized Crypto on a public ledger is fantastic. Exactly what we need. However for them to be anything more than a toy, I do believe the tech needs to evolve a bit more. Its probably already there, but not public.
As i learn about it I'm warming to it. The block chain ledgers are what I like about it. I also think ALL personal record keeping should be done that way and remove it all from government control. All land documents, property documents, professional and personal papers and registries in the hands of the owner only. Kill all the taxation amd make government fund itself legally through commercial tarrifs on trade between states and pther nations. .
I agree. Patrick Byrne had devised such a ledger for stocks so that no one can manipulate stocks, and the SEC objected to it saying it would inhibit their ability to do their ahem manipulate job.
But yeah, I think we are headed to that place where everything will be transparent.
Yeah, I don't think they'll do a common currency either. If we all back our money with precious metals then we can internally use our own currency and control inflation. I know people don't think there is enough gold and silver but that's not an issue. Gold and silver will be very valuable. It will be highly fractionalized just like bitcoin and other cryptos. Technology allows for it to be printed on or embedded in currency like gold bucks at 1000th of an ounce and less. 1000th of an ounce is about 2.40 cents right now. A 90 percent silver dime is about 2 bucks.
I might be wrong, but I think "BRICS currency" is a red herring. In a multi polar world, every pair of countries should use each other's currencies to settle their trade. Thats how you get a robust decentralized global economy that cannot be controlled by one actor.
However, claiming that Indian Rupee or Vietnamese Dong is going to be playing a big role in international stage is gonna fly over most people's head at this point. So they have to create the concept of a "BRICS dollar".
If at all such a thing really materializes, it will be a basket of currencies from the BRICS countries, or simply a gold backed digital currency that all countries can value theirs against.
But it does not really matter - what matters is that the unipolar world controlled by the Banksters and their FERN USDs will end.
BTW October sounds perfect. The mother of all "October Surprises"
That's why I like crypto. You know there's hundred of crypto out there. No centralized anything. I just absolutely love it that we don't need to go thru any bank at all.
The concept of decentralized Crypto on a public ledger is fantastic. Exactly what we need. However for them to be anything more than a toy, I do believe the tech needs to evolve a bit more. Its probably already there, but not public.
As i learn about it I'm warming to it. The block chain ledgers are what I like about it. I also think ALL personal record keeping should be done that way and remove it all from government control. All land documents, property documents, professional and personal papers and registries in the hands of the owner only. Kill all the taxation amd make government fund itself legally through commercial tarrifs on trade between states and pther nations. .
I agree. Patrick Byrne had devised such a ledger for stocks so that no one can manipulate stocks, and the SEC objected to it saying it would inhibit their ability to do their ahem manipulate job.
But yeah, I think we are headed to that place where everything will be transparent.
For government use there needs to be very little privacy
I believe so. I am waiting for it.
Good stuff bubble, thanks!
Yeah, I don't think they'll do a common currency either. If we all back our money with precious metals then we can internally use our own currency and control inflation. I know people don't think there is enough gold and silver but that's not an issue. Gold and silver will be very valuable. It will be highly fractionalized just like bitcoin and other cryptos. Technology allows for it to be printed on or embedded in currency like gold bucks at 1000th of an ounce and less. 1000th of an ounce is about 2.40 cents right now. A 90 percent silver dime is about 2 bucks.