The BRICS Nations need to abandon the dollar because we have been printing too many. They aren't going to destroy the value of the dollar it has already happened.
It already has the infrastructure for world domination, all it needs is to be backed by more than paper. Tie a certain commodity, or bag of commodities, add block chain for accountability, and the dollar will be great again.
I used dominate because I forgot, or am ignorant of, the proper term for the dominant currency in the world. World currency? Supranational currency? Whatever. I don’t suppose we have to dominate the world but I like @scienceguywonycomply’s reply.
I have misgivings about this. I'm not so sure the U.S. is the global heavy-hitter any more, and Saudi Arabia already de-linked the dollar from the trade in petroleum. There is a great interest in the rest of the world to become unencumbered by the dollar and its escapades. There are too many goods and services we import to try and polarize the world this way. The Rest of the World could just sit back and say, "Oh, really? Then we will just embargo EVERYTHING from you and see how you like it." We thought we were clever to cut Russia off from the Western oil market---but they found other buyers and are doing well. Oops. A lot of Western market investment is in other countries. Zambia, for instance, provides copper from Western companies located there. And gems. Do we imagine that other developing countries don't need copper?
The only successful way to compete with BRICS is to rehabilitate the dollar into gold-backed currency, more stable than anything else out there.
As longbas thebu.s. dollar comes from the u.s. treasury and is asset backed by at the minimum...gold and silver. Bona fide money must back currency. Could care less actually if we use u.s. currency to trade.
The only problem is Trump is also supporting crypto. Treasury dollars and digital crypto currency economies are mutually exclusive (direct competition to the dollar.) "The psywar continues...
Trump wants taffifs,
He does not want the tax based system.
I am thinking this is Trump's secret way of moving to a taffif base system.
This should make them shit a BRIC.
(Misspellings matter…leaving off S out of respect for u/purkiss80).
😆🙂😉..Tx man...Yeah My "Government of National Unity" doesn't know which way to turn....Some are good , but the majority are thieving idiotic thugs....
The BRICS Nations need to abandon the dollar because we have been printing too many. They aren't going to destroy the value of the dollar it has already happened.
It already has the infrastructure for world domination, all it needs is to be backed by more than paper. Tie a certain commodity, or bag of commodities, add block chain for accountability, and the dollar will be great again.
Why do we need to dominate the World?
I used dominate because I forgot, or am ignorant of, the proper term for the dominant currency in the world. World currency? Supranational currency? Whatever. I don’t suppose we have to dominate the world but I like @scienceguywonycomply’s reply.
Because we fund it.
And if we stop funding it, we would be even more dominate.
I have misgivings about this. I'm not so sure the U.S. is the global heavy-hitter any more, and Saudi Arabia already de-linked the dollar from the trade in petroleum. There is a great interest in the rest of the world to become unencumbered by the dollar and its escapades. There are too many goods and services we import to try and polarize the world this way. The Rest of the World could just sit back and say, "Oh, really? Then we will just embargo EVERYTHING from you and see how you like it." We thought we were clever to cut Russia off from the Western oil market---but they found other buyers and are doing well. Oops. A lot of Western market investment is in other countries. Zambia, for instance, provides copper from Western companies located there. And gems. Do we imagine that other developing countries don't need copper?
The only successful way to compete with BRICS is to rehabilitate the dollar into gold-backed currency, more stable than anything else out there.
That's sounding pretty Presidential for a guy who isn't president yet. Hmmm, think he cares about optics or more about America? Go, Trump, go!!!
The CIC is stepping up and donning his other hat again!
As longbas thebu.s. dollar comes from the u.s. treasury and is asset backed by at the minimum...gold and silver. Bona fide money must back currency. Could care less actually if we use u.s. currency to trade.
The only problem is Trump is also supporting crypto. Treasury dollars and digital crypto currency economies are mutually exclusive (direct competition to the dollar.) "The psywar continues...
So is gold and silver
I'm curious to see this subplot play out. BRICS introduced to normalize an actual asset backed currency, to us and/or the world?
Do we need the global reserve currency? If the Fed is destroyed, so are all it's shenanigans, thus negating the need for a GRC?
Stay tuned folks!
Kim Clement had a prophecy about that ... said that God says "I will LAUGH at their attempts."
source: https://truthsocial.com/@realDonaldTrump/posts/113573130299319701
THIS IS WHAT WE HAVE BEEN WAITING FOR!!!!!!