The latest announcement by President Trump via Truth Social [SEE HERE] should not come as a surprise to anyone here.
As the economic impact of MAGAnomics starts to sink-in to the global psyche, once again it is predictable that China and the EU will use their central banking system in a defensive posture against President Trump’s economic, trade and tariff policies. As a direct result, the value of the dollar increases, and as we noted before, “Exports from the USA ultimately cost more because the dollar is stronger against EU and Asia currencies. However, a stronger dollar is an offset to BRICS leverage and allows Trump to play economic chess.”
That’s the background for this:
[Source]
President Trump knows how to leverage U.S. market access as part of the economic security program for the entire country. President Trump is the only person who can do this. If a nation wants to align with an alternative trade currency, President Trump will tariff their products at 100%, and/or shut them out of the USA market completely.
MAGAnomics Simplified: Everyone who is a pragmatic critical thinker knows that China will (a) subsidize their targeted industries; then (b) devalue their currency to lower the impact of exports to the USA. Beijing controls the banks, and they did this before. As a result, the dollar value increases and imports cost less.
The Chinese imports then enter the USA at a lower price consistent with their cost estimate as a tariff offset. China takes in a lower price but retains access. That’s just how it works. The importers pay the tariff with a lowered price and a higher valued dollar. Essentially statis for the time being.
Then…..
EU industrial products to Chinese manufacturing plants start to contract, due to China’s aggressive cost cutting initiatives.
The EU gets angry about the impact to their economy. The EU then follows the same path and devalues their central bank currency; further pressuring the dollar to an upward price. Exports to the EU are now more expensive; however, imports from the EU to the USA are now cheaper. Again, the EU goal is statis.
Both scenarios create cheaper USA imports despite the tariffs. However, on the EU side Trump then ends the Marshal plan and executes “tariff reciprocity” against the EU. More frustration and gritted teeth by Brussels.
[NOTE: Avoiding this squeeze also explains why U.K PM Starmer was all snuggly to Trump at Trump Tower in October – he’s hedging.]
Exports from the USA ultimately cost more because the dollar is stronger against EU and Asia currencies. However, a stronger dollar is an offset to BRICS leverage and allows Trump to play economic chess.
Trump uses part of the tariff income to underwrite agriculture exports, but… here we have fun… if agriculture exports are impacted, domestic foodstuffs drop in price.
Into this dynamic Trump turns to Mexico. We have a strong dollar, all those Western Union transfers to Mexico are more valuable. Leverage is created for multiple ancillary policy benefits. The economic situation then overlays the secure border dynamic and if Mexico wants to retain trade access within the USMCA agreement, the part that no one discussed comes into play.
Unbeknownst to all those except those who watched Robert Lighthizer do it, the USA has first right of refusal to any trade agreement made by Mexico or Canada. That’s correct, Trump now controls a veto on trade agreements within USMCA partnered countries. Suddenly Xi Jinping is vulnerable in Mexico if Trump nixes the EV production. Beijing is financially exposed and vulnerable. Big Panda not happy.
This is what Trump did in 2017. This is what President Trump is promising to do again.
Trump will likely divide the globe into three trade areas. Asia, Europe and the Middle East. Each area will have a trade advisor with specific instructions on that region.
The U.S. Trade Representative (USTR) Jamieson Greer will likely have primary focus on Asia, i.e. China. U.S. Commerce Secretary Howard Lutnick will likely have primary focus on Europe. The Mid-East trade advisor could even be President Trump himself or from the energy sector, someone like President Trump’s interior secretary pick, Doug Burgum.
Trump will lead approximately 4 people in this MAGAnomic initiative (the 4th is the Chair of the Council of Economic Advisors Kevin Hassett), while holding all the approvals of negotiation and policy very tight. Economic and trade policy will be used to create peace and global stability.
Warmest best,
~ Sundance
And those countries subsidizing their industries and intentionally devaluing their currency is abuse by fraud in international trade.
Fight fire with a bigger fire.
Economic warfare is warfare, which is extortion in and of itself, ie “do this or don’t do that, or we will attack you.”
Trump’s policy is reactive in nature, which is defensive, not naked proactive aggression.
David Brinkley said something along the lines of Take the brics they throw at you to build a better foundation.
China will rue the day they start a trade war with PDJT.
All in all…They’re just…
Another Bric set to fall 🙂
Trump Draws the Map to 2028
https://chroniclesmagazine.org/web/trump-draws-the-map-to-2028/
“As they carve their turkeys this year, Republicans can be grateful for Donald Trump, mapmaker. He’s redrawn America’s political geography—not only winning back the White House for himself but pointing the way to victory for his party four years from now.”
If the Trump admin investigates and clamps down on ballot fraud before the ‘26 Midterms, just imo could be an absolute knockout punch for the Dems as a national party for the near future. Pretty sure they engage in massive election fraud in CA, Philly, the battleground states, and Georgia, to name a few. N.Pelosi’s corrupt daughter has been flipping Congressional seats for the past three weeks via certain fraudulent activity. The Trump staff should use the newly formed FBI to start a massive investigation of previous, and start locking the dem cartel members in prison.
Don’t forget Colorado – election fraud there was as bad or worse this year than ever. I would very much like to see the new FBI roll some heads….it’s long overdue in my home state.
Thats why we left a few years ago ,the Colo. GOP might as well be Democrats……sorry to hear its still bad makes me sad how they have ruined that state and I was a native.
I, in Eastern Massachusetts, call the MASS GOP DEMs in drag.
Yes she has, the little Bieatch, she and her hag mother, insider trading father need to go. One thing worse than a coked up spawn, a proficient evil spawn.
Our biggest enemies are RINOs. So, next to election integrity, removing RINOs must be the key goal. We don’t want or need them.
It isn’t just the dems. I think it will come out that GOPe is also guilty of election fraud in places like Utah, possibly working in concert with dems to take out real conservatives or maga republicans.
Forcing more countries to use the dollar, rises the price of the dollar, making U.S. exports costlier and Foreign imports cheaper.
That’s totally contrary to the objective of Tariffs.
What?
That is exactly the objective of tariffs, to protect domestic producers and consumers.
Producers make more by elevated value and consumers save in less costs.
Europe and North America only represent 14 percent of the world’s population (1.2 billion?). I think BRICS nations will prefer to stay separated from the western nations nonsensical and insane economic antics. That trend of separation will continue for the near future. Trump should practice normalization with BRICS instead of threatening it. That would be the sane option. But alas, we are far from that world still it would seem.
“In 2023, it is estimated that the BRICS countries have a combined population of 3.25 billion people, which is over 40 percent of the world population. The majority of these people live in either China or India, which have a population of more than 1.4 billion people each, while the other three countries have a combined population of just under 420 million.” – Source: https://www.statista.com/statistics/254205/total-population-of-the-bric-countries/
Yawn…
????????
You talk about all of those people OVER THERE.
You don’t seem to understand that we don’t give a damn about them !
What is it about AMERICA FIRST that you do not understand ?
The bit I don’t understand is, how do we become America first, and maintain global peace?
See the explanation in the above post that was well articulated.
It’s summed up in the last paragraph.
Pretending not to notice?
by letting these enemies kill themselves. They’ve been doing it forever and don’t need our help anymore.
Well said.
Here’s what I have come to understand after 63 years here: “But let him who boasts boast in this, that he understands and knows me, that I am Yehovah, who exercises loving devotion, justice and righteousness on the earth; for I delight in these things,” declares Yehovah.” ~ Jeremiah 9.24
. . . but you go ahead and ride that big red wave for however it lasts until it comes to its’ end. That is if it even rises after 20 January of 2025 on Inauguration Day.
The 100% tariffs won’t last, or even be implemented. There are too many potential customers in the BRICS conglomerate of nations. We lose too much in exports.
This is Trump (clandestinely) attempting to salvage the 1970s petrodollar agreement and maintain the USD as the reserve currency. He knows if that falls apart our economy crashes because of the debt service load. It won’t work–the numbers are too vast. But as the next President, he has to try something to fix this train wreck.
He should just “debt jubilee” the entire thing, but he’s too close to Wall Street financiers to consider this. They’ll all lose the big house in the Hamptons and not talk to Trump anymore because they’re all broke.
Trump does exactly what he says every single time!
If he says he will tariff if the targeted countries don’t acquiesce, then that is exactly what he will do.
Bank on it!
That was just an observation of some facts. We can see what tariffs and sanctions by the EU, UK did to their de-industrialized, de-militarized economies while doing the opposite its’ supposed intention was to Russia. Just a historic fact now. Yawn to it. You don’t care about the genocide of Ukrainians you sent to die for your NATO war. Now the EU, UK think they’ll just emulate Russia and go full military industrial complex too without much of any resources and energy to make it happen.
But gee, I wonder where they’ll drive their great military forces to in order to get all of the oil, and natural gas from? Except we already know how that ends by reading the account of the Ezekiel 38 War. Kiev is the uttermost north from Israel, and Ukraine is Magog. The nations that fall in that scenario along with Magog are the EU, UK, US (a.k.a. NATO) which then results in their ‘Great Reset’ in 2025, they year their prophets called for it to happen.
“As for the Ten Horns, out of this kingdom Ten Kings will arise; and yet another will arise after them. Now he will be different from the earlier ones, and he shall humble three kings [US,UK,EU].” ~ Daniel 7.24
” . . . On the mountains of Israel you will fall, you and all of your hordes and nations with you.” ~ Ezekiel 39.4
“I will send fire on Magog [Ukraine] and on those who live in false security in the islands and coastlands [EU,UK,US], and they will know that I am Yehovah.” ~ Ezekiel 39.6
. . . for those who care about what the Word of God (Rev.19.13) is telling you. Or not: 1 Cor.2.14. Just as it was in the Days of Noah (Matt.24.37-39). For now be of good cheer, knowing that in the end our side wins, and a bright future is yet to come.
Kash Patel for FBI!!!
1 LOVE 2 Sundance ONLY YOU could have articulated this THE WAY YOU DO, also 1 LOVE 2 TRUMP by making KASH the new FBI Director = I LOVE THAT PICK (as i do all of them thus far)
My Little Friends family album is starting to take shape. Nice!
While reading about China and how it might make their adjustments to compensate for any trade steps that President Trump makes was remembering over this past week, on a few different websites, so didn’t save them but did take note, there has been an increase in public protests and outcry against the current financial situation in China by Chinese citizens.
Often have met Chinese businessmen who have come to the States and set up businesses, each saying they will of course be returning to their native land, and taking with them the benefits they have learned the capitalist system generates for the people here in the U.S.
Gotta wonder, is it China’s turn to go the way of the old Soviet Union system, letting the natural talents and abilities of the Chinese people loose to do what they can without the stifling boots on their necks?
Wouldn’t surprise me at all.
Imagine all of those diligent hardworking people able to rise up, and what they could achieve. Do you think we stand a chance? Look at how far you need to scroll down to find the USA!
https://ceoworld.biz/2024/03/19/revealed-these-are-the-smartest-countries-with-the-highest-average-iq-2024/
There are a number of them over here that are making money for Beijing, off our backs. I do not think they are hear to learn as much as how to corrupt and steal.
I do not believe that BRICS is actually trying to create “a new currency.” If they did, they would be repeating the same mistake made by the EU in creating the Euro. The BRICS concept does not require such a thing – one might say, “quite the opposite.”
BRICS should be an alternative payment-settlement system, which uses national currencies, and a new set of international trade agreements.
I think that the “almighty Dollar,” as a linchpin of “all international trade,” is a non-sustainable concept which we should not attempt to resurrect nor continue. Very simply, the international trading community is not going to continue to live under “American sanctions,” of which we have imposed many thousands. The BRICS concept is, I think, fundamentally a good one.
Untouchable by the USA/EU
https://www.brics-pay.com/
Trump has to protect the USD and its reserve status propped up by the petrodollar since 1973. You are right that it should be scrapped, but there is no way we can pay off a $31T debt or stop the flow of dollars. BRICS will defeat Trump on this one by 4Q25.
The debt all has to be written off: a debt jubilee is the only way to go.
Tariffs pay off the debt.
BRICS will NOT defeat Trump.
I submit: “Nor does it intend to.” The US Dollar will still be very active in international settlements. But, it will no longer be considered to be “the only one.” Many international transactions today flow “to and through” the US$, paying conversion fees(!) each way. This is unnecessary in some very important cases.
International traders should have reasonable choices. They should be free to select the currencies, and the bourses (clearinghouses), and the insurance providers, etc., which best fit their needs and the needs of their clients. If they choose to involve the US$, SWIFT, and so on, let that be their choice, and let the US compete to make it their choice. If a BRICS-aligned infrastructure is better for “this trade,” then that should be available also. (And, in due time, even more options will develop.)
Everyone – including the USA – will richly benefit from this. Let there be: competition!
I hope and pray that VD Vance is a fast study and learns from our VSG President Trump how to carry on his MAGAnonics!!! Don’t believe any of the other 2028 Republican candidates agree with MAGAnomics let alone would carry it on! Don’t need any more VPs like GHW Bush to run for President! This is the most hopeful I’ve been in years! Godspeed President Trump and our own sage Sundance!
More joy Kash Patel just nominated for FBI Director!!! Just read it on Truth Social!!! Praise the Lord!!!
I can hardly blame the brics countries for looking for alternatives to the dollar, after the Biden puppeteers inflated/printed it like Monopoly money. They shouldn’t have a reason to switch though, after PDJT takes Office and brings back sane monetary policy.
??? Read Trump’s post again , how is that not giving them even more reasons to find an alternative to the dollar ???
“Economic security IS national security”. Winning, again.
DO you smile and laugh just one helluva lot more these days?
A lot has happened since Trumps first term. The US has increased the weaponization of the US Dollar. The US has deteriorated as a country, produces not much on its own anymore and has a very weak military. Frozen/stolen Billions and Billions of dollars. Trump and his people are all about not weaponizing things but here he is making a big serious weapon and a huge mistake.
Unless Trump releases all the frozen/stolen assets and removes all the Dollar sanctions nobody is going to listen to him no matter what. They do not want to be terrorized by the US anymore. They want equal and fair treatment.
So until Trump releases the frozen assets and cancels the dollar sanctions the BRICS will continue to gain momentum and I agree with the BRICS. Unless Trump gives them fair treatment as equals and not as dollar freezing sanction slaves, he will not get respect. He is viewed by most in the world as a bully. And that time is past – 10,000 more sanction ago.
He is viewed by many other in this respect as a horrible bully. And I agree with them He is a bully and must learn to treat them with respect.
Trump is blind about Ukraine, blind about Russia, and blind about the desire of other countries to escape US dollar enslavement.
The US has driven the EU into collapse and enslavement to the US. The EU will eventually wake up that the US has been trying to enslave them and destroy them if they were not willing slaves. The EU will eventually see the light for their countries and economies and go back to Russia for trade and China. The US even dollar sanctions many of its “friends”. The entire world but the US and Trump sees that.
This is huge difference from Trump term 1. The world has watched thousand of US sanction to beat and whip other countries as slaves. The US really has no true friends left that they treat as equals. The US will be isolated in his US first isolation barriers. Nobody even the friends want to be US dollar slaves anymore. Not even the EU and other friends.
Trump the bully may indeed accelerate the BRICs movement. He should be trying to work as equals with the BRICs countries and join them in their multi-polarity movement.
This comment is based a little on the reactions from around the world in other countries to Trumps latest Bombast about BRICs. Their reactions as almost the same – More Hatred for bully US. We will try harder to avoid you.
Most of the other countries do not need US exports anymore. They have other sources. And fewer countries need to import to US market to succeed. They have developed other sales targets. Only CHina and India still need to import to US. Russia is completely independent from the US and is much stronger because of it. The US is only surviving as a country because of massive 9% of GDP deficit spending with a real GDP growth of -6% – deep recession area.
Extremely well put.
Your arguments about Trump’s competence on this are slam full of bull 🐄 💩!!!!!
Maybe try on a site where there are uneducated, uninformed idiots.
You’re about the 3rd or 4th relatively unknown to use the term ‘bully’ as a talking point. How revealing!!!!! 👀
I have been on this site (almost a decade) since almost the very beginning of this site and was a regular and very highly respected poster for years. I just do not post much recently. I only post when I feel the need to expose people to some other information. In the last few years the clients and thoughts on this site have become more monolithic and less diverse and less tolerant as you show in your hate and name calling comments.
Your intolerance of my well educated view from all over the world suggest an increasing intolerance for diversity here. That is why I do not come here as often and comment.
@SeekerOfTruth: Your comment was, I think, fairly understood by many. Let us move on.
I have supported Trump since 2011 when I tried to get him to run for President then. He did not and I was greatly disappointed as it let Obama have a second term to totally weaponize the government.
I think that I understand the comment: “Trump the bully.” This is not the right way to approach the inevitable formation of BRICS. The US$ does not have the “God-given right” to be front-and-center in international trades which do not sensibly involve it. Trump should not be “belligerent” and try to throw the nation’s weight around in a blind effort to stop a development that will, in time, be positive for all concerned – including the USA.
And, when the time comes, I suspect that he won’t be. When the time comes for actual decisions to be made and he has the power to make them.
I think that @SeekerOfTruth was not “questioning Trump’s competence” when he advised caution and diplomacy.
Please allow me to correct you mam.
For starters, it’s not Trump. Your referencing him as such is the first tipoff that you are about to spread some complete BS.
It’s President Trump. He’s earned it.
If the truth were a tree and you fell into it, you would have miraculously missed every single branch on your way down. You would have escaped the facts unscathed. It would have been the exact opposite of Fusilli Jerry, but equally as remarkable…”One in a million doc, one in a million.” Yes, despite your name, you completely missed the truth.
President Trump’s mission from Day 1 has been to liberate American citizens from our current corrupt and criminal state of enslavement.
The hardworking, God fearing, tax paying citizens of the U.S. have been responsible for creating the best economic engine. What do we U.S. citizens get as a reward? We are rewarded with an enslavement/debt trap.
Other nations have been allowed to thrive off of our strong economy through their manipulation schemes. In many cases, the citizens in these nations have a higher standard of living than U.S. citizens simply by manipulating an economy developed by U.S. citizens.
President Trump and the America First movement are liberating us from that enslavement. We are being liberated here in the U.S. Other countries across the globe are liberating themselves as well.
We have been the suckers for far too long. President Trump has been talking about it since the 1980’s. Our hard work has been wasted to subsidize others, here at home and abroad. It has been our blood and treasure spent on behalf of others. Those days are coming to an end. Peacefully and Patriotically.
Economic security is national security. President Trump is ensuring the security of our nation by removing the leeches who have been bleeding us dry for their own benefit.
Other countries are liberated to do the same to secure their own nations. Nations must be prepared to provide their own security, economically, militarily and otherwise. They will no longer be able to build their economy by simply manipulating and profiting off of the strong U.S. economy. Fair trade will replace manipulative trade.
Strong sovereign nations is the future. The false song of globalism has no future.
Well said my friend. You should repost it on today’s PT its so good.
And this only gets two upvotes and the other bully post gets 19. I guess it’s when you read here.
Might I respectfully observe that you are on the inside, looking out.
If you were on the outside, looking in, you may well have a different opinion – and you might find that the shoe is actually on the other foot.
Between you and the post below, 19 people agree. Do you read here often? Being a bully, as you call it, to the rest of the world is what I prefer as to the emperor with no clothes model.
In business school they taught that ‘we owe the national debt to ourselves’. Ok, who is the ‘we’? Who is the ‘ourselves’? The treasury is desperate to keep the fiat money debt ponzi scheme going. If BRICS partially breaks away from the dollar, what will happen to the interest on the gigantic national debt? Clue: it will go up a lot.
One has absolutely NOTHING to do with the other.
This guy is scary good!
Thank God ✝️🙏 for the reelection of President Donald Trump
The result will be a staggering positive influx on not only the U.S.A. Economy but the overall economic growth of the World.
In the meantime, BRICS GDP now exceeds the G20. Russia has leapfrogged Japan to be #4 globally GDP. Did I mention the West has lost the Global South and there’s no getting it back? (Go, Go Regime change!) The G20 will be left trading amongst the 54 countries that supported the war in Ukraine. I notice you don’t mention Europe’s current condition while Russia’s economy is overheating. Fools.
With these helping ‘friends’….
How many more wars will these personalities create?
These are not people who will use diplomacy to create peace and prosperity. These are people who will bring the threats of war, destruction, hunger and destitution to those who do not submit.
I think most of us are missing Trump’s obvious strategy here, which I briefly alluded to earlier.
I’d say many knowledgeable observers believe the BRICS are far away from establishing a single alternate to the dollar. The EU has been “trying”, but it’s subject to their subservience to the Blob’s preferred dollar. The BRICS see this obviously. They won’t want to make the rope the Blob uses to hang them, if they’re premature. There will be many years before such would come on. True nation-states don’t act that recklessly, or shouldn’t.
So Trump knows that what he’s declaring against isn’t truly a threat to the US today, but ginning up the foreigners works to his ends today. Them challenging the Blob makes them his allies. Think about it. The concensus here seems to be that Trump is opening hostilities with the BRICS. Au contraire. The Blob does want that. Why would Trump? He wants to resist the Blob, just like the BRICS. They are natural allies, or can be.
He can still negotiate bilaterally on trade. Tariffs are fine. Free and fair trade is the goal. No real conflict here. We’re just stopping being stupid. The CCP knows this full well.
You align strategically at this level. Trump knows this. For example, he knows these tech oligarchs are greedy, lying snakes, however smart. Yet, he’s conditionally aligned strategically with them. The foolish among us have become sexually aroused by Musk and Ramaswampy. I doubt Trump has. He knows better. And in his current dance with the BRICS, the same strategic principles will be in play.
Never ever underestimate this guy’s strategic vision. He’s got it in spades.
I think 🤔 you are correct, railer, however some of the barriers to free trade have to do with the chemicals in our food that the Europeans will not tolerate. Big At, Big Pharma, Big government etc stand in the way.
Very true. We’ve got lots of work to do there. The other countries might help us there even.
When I saw title of this article the first thing i thought was. The three Little Pigs in their BRICS house.
Trump will come out huffing and puffing.. In the end Trump knows he will have sit down and negotiate. He knows the world is too big to force ones will on it.
BRICS is a very powerful trade alliance. With the worlds two greatest military powers as founding members. You are not going to destroy or weaken BRICS with words, or threats of Tariffs and Sanctions. Russia and Iran are the worlds most sanctioned countries. Both have become very powerful despite being heavily sanctioned. Both of their economies are growing faster than ours.
Tariffs are a double edged sword. Good as long as the dollar remains strong. But if the dollar weakens, inflation begins to burn brightly once again
Yes the dollar is getting stronger. But even with FED rate cuts, interest Rates are not going down. Inflation is still burning red hot.
I must point out. During President Trump’s first term our economy was doing very well. But. WE WERE NOT AT WAR! (sorry for shouting)
War is the greatest driver of inflation. War is destroying our economy. Trump needs to bring peace, and completely stop supporting wars that are slowly blowing up our planet, While draining our economy, and armories dry.
BRICS is a long way from creating its own currency. The real threat to the dollar is our hegemony, causing countries to run from the dollar. Punishing them will only cause them to run faster and further away.
This world has changed a lot since 2020.
Trump campaigned on being a President of Peace. and a Man of Reason.
Peace first! Restore the worlds shattered faith in AMERICA as a global leader.
A good economy, free and beneficial trade for all will follow.
Peace is the only way. War sure has not worked out very well.
I suspect that BRICS will never attempt to create “yet another ‘world currency.'” In my view, they are championing the use of “national currencies,” which is one thing that I think the EU made a serious mistake in trying to abandon.
BRICS will create infrastructure: bourses (clearinghouses), insurers, and many other things needed by international trade, to compete with the existing infrastructure which is too-heavily-tied to the US$ and the Euro. Trades which otherwise would have no need for these two currencies are presently obliged to flow “through” them, paying conversion fees both going and coming. A much-cleaner infrastructure can be built which does not involve these things – and, thereafter, “may the best alternative win.”
(I am quite sure that still-more competing systems will in time be developed.)
Certainly, the avoidance of “sanctions” is also an important realization. The USA presently has the improbable power to prevent and shut-down international trade by refusing to allow it to pass through the choke-points that it now controls. When water runs against an obstacle, it inevitably finds an alternate path.
US does not control either the Persian Gulf (oil) or the Red Sea (Suez canal).
Iran is firmly in control of both of these “Choke Points” Ships pass or dont pass at Iran’s and Yemen’s permission through these bodies of water.
Next to physica real world choke points I think railer is also alluding to financial choke points like SWIFT payment system
As in de-banking a country like Russia.
One thing that I have not seen mentioned: A country can only join BRICs if they are not actively sanctioning other countries in BRICs or have imposed sanctions or tarriffs.. No BRICs countries impose sanctions on eachother. As such it is an instrument of free trade. This is in response to the US “If we don’t like what you want to do we’ll de-bank you”
Yes, that’s the dollar diplomacy that the Blob has been practicing for years. It eventually extends to war and death. Everybody knows this now.
Good point about the infrastructure. We need more competition, here and elsewhere.
Thus far yes they are focused on national currencies for use in mbridge, baby steps that’s hard enough to get going (but they are getting movement on slowly), though they have ideas…ie can’t find enough agreement among members yet, but continue to work on what is a placeholder name as I recall atm called ‘the unit’, for use with mbridge system later. In theory backed by basket of currencies of members and perhaps commodities (where total agreement hasn’t been reached yet) and tx block chain recorded\tracked. The ‘unit’ isn’t meant for joe consumer or avg joe business to use however, it atm seems an alt for nation to nation\national bank to national bank settlements, think ‘foreign reserves’ level storage within the bric’s system.
ULTRA MAGA 👊👊🇺🇸🇺🇸🙏🏻🙏🏻❤️❤️
Liberals just don’t seem to get it. I see them all over social media predicting economic devastation as a result of President Trump’s economic policies, and they become very frustrated when I quietly point out that these same policies were hugely successful in the President’s first term, and they will be equally successful in his second. Their typical response is to take a single economic statistic that appears negative when viewed out of context and say, “What about this! Huh? Huh?” I simply smile and point at the big picture of the thriving economy we enjoyed while Trump was in office.
I do not think this point has been made so:
With regard to “BRICs currency” there are many misconceptions. Yes a BRIC’s currency has been discussed but only as a means for international trade. That is no BRIC’s country would switch a local national currency to a BRICs bill
BRICs currency will never be the same as a “Euro bill”. BRICs block is more comparable to what the Euro project started out as: an economic trade block (Schengen etc).. BEFORE it took the centralized government / globalist turn
People on the street wouldnt be showing BRIC’s coupons in their wallet.
BRICs currency would be an additional means of settling international trade deals.
It will be next to countries prefer using their national currencies for international trade.
Some international trade is already completely de-dollarized. (e.g Russia and Iran announced all of their trade was in national currencies this year)
The petro dollar is a huge part of why the US dollar is so pervasive in Trade.
Saudi Arabia at one point agreed to sell their oil in nothing but US dollars, in exchange for protection and weapons from the US. That is in return the entire world needed USD to buy oil from Saudi Arabia.
If international trade is using less and less US dollars those dollars will start to come home to the US mainland
More currency units chasing equal amount of goods means inflation.
Technically what Trump says is export domestic inflation to the rest of the world by taking US dollars off the mainland so that US can continue to run huge deficits, and then in return they could hit those countries with a stick.
Trump seems to be asking BRICs (aspiring) countries to keep financing the financial / physical stick that is being used to beat them. Or ELSE : tarriffs all the way to cut them off financially — who can say who is the next Russia..
The future will tell if this is an alluring proposal for global south countries or not.
My take is the US dollar wont disappear, but the US policy will result it being used less and less for international trade. Until the world might eventually find another reserve currency. But that is way down the line.
Agreed. Just a few years ago, intl transactions were closed in dollars at an 80-90% rate some years. After the Blob started their Ukraine fiasco, that % dropped to 50-60% at times. I think it’s come back up, but the trend is there. If the Blob stays stubborn, I could see that rate drop. The trade will move, whatever it takes.
And then, those excess dollars are coming home to stay.
Per Trump:
“We require a commitment from these Countries …or, they will face 100% Tariffs [sanctions]…”,
This is the same sh*t that Biden has been pitching for the last 4 years.
And look where we are.
I don’t believe Trump means anything close to this. He wants peace and he knows throwing tariffs or sanctions around ain’t the way to get there.
Wolverines!