The BRICS trade and economic partnership group is made up of Brazil, Russia, India, China and South Africa {GO DEEP}. The alliance was originated in part to explore alternatives to the dollar as a global trade currency. They discussed several options in their prior meetings long before Russia took action into Ukraine.
With western sanctions against Russia now in place, there are increasing reports that China and India have developed alternatives. This is one such example:
(Via LiveMint) – Russia, many of whose banks have been cut off from the Swift financial network, is exploring opening alternative payment channels with India, including linking Unified Payments Interface (UPI) with the Faster Payments System (FPS) of the Bank of Russia, to continue cross-border trade.
According to Dmitry A. Solodov, a spokesperson for the Russian embassy in New Delhi, his government has also asked Indian lenders to connect to the financial messaging system of the Bank of Russia to facilitate interbank transactions. In addition, the two sides are discussing accepting RuPay and MIR Cards within national payment infrastructures, Solodov said in an emailed statement.
“All these options are on the table and are being discussed by the two governments, the Reserve Bank of India and the Bank of Russia,” said a senior Indian government official, requesting anonymity. (read more)
I heavily suspect this development is why the SEC has carried out its bogus lawsuit against Ripple/XRP. Their blockchain messaging & bridge currency system for cross-border monetary settlements is a direct threat to SWIFT and the interests of US banks.
That’s a pretty interesting thought.
It was very strange why they were hitting ripple so hard.
TPTB in our nation want to reign the stallion in.
Just look at that picture.
5 Alpha males who love their countries.
They love their people.
How can you not love that?
The thrashings of a dying Western society that pawned themselves off as “Rich Nations” because they stuffed their CB’s with government debt.
The explosion will be epic.
We won’t have long to wait. When Russia, China, and India link up outside of SWIFT, that’s 40% of the world population. How fast do you think other nations will join in? Bye-bye Petrodollar. (Hopefully, you don’t have significant cash in the bank; better get it out.)
Only the Obiden administration would be capable of driving China and India together as partners.
Wouldn’t be possible by any other group on earth.
get it out and do what with it ?
We were able to get more than half of our cash out of one bank, it was not easy, trying to push bank drafts, no thank you. We have called our other banks to order cash, as we were told if it is over 7000$ we have to order so we did. We will see on Friday what bs they have to say, but we gave them plenty of time to order the cash. I know these banks get their cash order on Thursday afternoon.
So, we have a choice.
The fight is who will be the NWO?
Will it be Klaus Schwab and all his WEF minions?
Or, will it be BRICS and their allies?
The US Petro Dollar is screwed either way.
Buy assets.
I look at the current situation this way…if Russia built Biolabs along the Mexican border and built Military bases there with Nuclear Weapons, would anyone in the US Congress finally give a **** about our southern border?
This is what The US State Department and the CIA just did to Russia in the name of this country…they built 30 bioweapons labs along Russia’s border and they threatened entry into NATO for Ukraine so that nuclear weapons could be aligned along Russia’s border.
Who is the aggressor?
I think that the US State Dept and CIA are.
I agree
How did we react during the Cold War when the USSR put weapons in Cuba?
Same thing
You say buy assets. What assets?
Artificially low interest rates pump asset prices. When interest rates rise, asset prices fall. Take housing for example.
A crashed economy has an abundance of everything. Abundance makes asset prices fall.
Stock market is full of low interest debt. When interest rates rise and they have to turn the debt, the higher interest rates come off of earnings. If there are any due to the crashed economy. This turns into default.
Suddenly you are going to look around and nothing is safe.
Buy a Super Yacht and sail it into International Waters.
That’s what Jeff Bezos is doing.
Exactly!
Don’t invest in anything people can do without.
Don’t invest in Tech that isn’t ESSENTIAL and that doesn’t have PRICING POWER.
Don’t invest in ANYTHING that isn’t generating NET INCOME with a LOW P/E
The reason those Tech Stocks with “No P/E” have been plummeting is that they’ve loaded up with Free Debt, investors know the Fed’s ending the free lunch on Low Interest, and that SKYROCKETING INTEREST on that bloated Debt will bury them.
This. Nothing is safe. Certainly nothing that is paper. And if you think other countries are better, look at their debt load. China in particular is a walking debt explosion waiting to happen. If the US implodes, China is right behind us. No country is immune. Rubles may indeed be a good investment but I wouldn’t count on it lol
As far as I’m concerned, the best investments for the short term are a paid off house, cash for several years of property tax and electric/water utility payments, lots of carefully stored food and seeds, a big tank of propane, a propane generator, and guns/ammo. Everything else is a bonus. Long term? Take your preferences from what occurred during and after the Great Depression
‘would anyone in the US Congress finally give a **** about our southern border?’
IMO quite a few would applaud the move. Just like they did when the USSR was the existential foe.
You DO realize we (U.S.-based citizens) are all in the blast zone, right?
If Putin sends a nuke our way, I will be the first target.
I am in a double blast zone.
He doesnt have to send nukes, we are committing suicide…
Also saw this story today: Petrodollar Cracks: Saudi Arabia Considers Accepting Yuan For Chinese Oil Sales
Gears grinding faster now…
But those sanctions are CRUSHING Putin! They said so … on Fox News … and MSNBC, CNN, CBS, NBC, ABC …
Facepalm.
Yeah. And they are just as ignorant as…or more ignorant than the kiddies in DC
And I don’t think the kiddies in DC planned for this!
They thought the rest of the World would continue to jump and do whatever we told them to.
They never thought other countries would seek alternatives or even have contingency plans in place.
I believe the other nations already had the plans in place…hence the gears turning fast.
We are seeing the implementation of their contingency plans.
The kiddies in DC….they still don’t have a clue about what is happening.
Add to this list, Saudi Arabia is now seriously looking to use Yuan for some oil transactions.
https://thepalmierireport.com/saudi-arabia-considering-accepting-yuan-instead-of-us-dollar-for-chinese-oil-sales/
Saudi Arabia’s also negotiating to fund their Mideast Technology Hub (including a Foxconn mega plant that might be producing iPhones and the chips they use) with their “Windfall Energy Profits”.
When the Saudis are paid in Yuan, they’ll have ZERO Dollars and NO need invest them in US Treasuries.
The world knows that ANY investment of their Central Bank Reserves in Treasuries is subject to Freeze/Confiscation, eliminating the entire reason for having Reserves in the first place.
When they all stop buying Treasuries, we’ll have instant “Market Price Discovery” for their Yields, which will skyrocket because everyone wants to dump their holdings (before Treasury-Flight causes prices plummet) and hold out for far higher rates that exceed both rising Inflation and the new Risk Premium for USA-Confiscation.
Likely India and Russia have been talking about this for a while. Putin is no dummy.
Yep since sleepy brain dead joe took up residence. These world leaders are looking out for themselves.America can be damned.
And who can blame them? I still remember when PDJT went to Saudi Arabia and they were all dancing around and waving swords, including him.. That’s when the deep state/uniparty wet their pants.
And we all know what the result of that was.
yes who can blame them…this Administration is empowering and enabling their enemy Iran.
Nah, since November 2020. They knew the stooge was in, legally or not.
I agree whole heartedly D. Smith.
Very true Reclacitrant.
And the deal was made long ago.
They are just pretending to “discuss” it now as if it is a brand new idea.
They will slowly move the US and our Dollar out of it’s Reserve Currency status.
At least they will if we, the US, does not do something about it.
some rumours, gossip that Saudi Arabia is expected to soon start settling all oil trade with CCP and some other countries in Yuan.
Add this to the list of factors magnifying the paradigm shift …
the world is changing, rapidly. right before your eyes.
The US holds little leverage….and has supremely demonstrated the most dispicable, impotent, weak kneed, leadership.
President Trump. Ringing President Trump.
Sir, do you see an opportunity here to make some deals and save this nation and the globe or at least slow it down?
Serious question.
I mean even Elon Musk is showing some backbone. Challenging Putin to a duel.
Yes, it’s true. From the same guy who actually did do an exhibition match with a former sumo champion. And apparently, tossed him ….(I’ll leave it up to YOU if you believe he actually did better a sumo champion, or if it was a orchestrated PR thing)
Thanks out-of-control Congress, actually. Many years in the making. Not to mention the Corporatocracy gutting America.
McConnell is the only logical one, to be the”hidden power behind the throne”; all the rest are clearly brain dead, one way or another.
No, its NOT Obama; he was just another in a line of avatar Presidents, picked to play a role. Too lazy, self-absorbed and mediocre, but a great choice as an attention getter, to distract from the guy behind the curtain.
If you loan me $10 and I can’t pay, I’m in trouble.
If you loan me $10 billion and I can’t pay, you’re in trouble.
But I have lots of land to pay off the debt with. Nice rich farmland and many many oil wells that are plugged up just waiting to be harvested.
and tech transfer..
oh wait…
nevermind
Yes, Biden is a senile old fool who has never been right about anything, big or small, in the arena of foreign policy. But to be fair, he is not the author of America’s misery. Politicians of every conceivable stripe have been enthusiastically racking up our national debt, in cahoots with a string of Fed chairs, for decades. It is the Establishment, writ large, that brought us to this point.
yes and no…but generally yes, more yes than no.
there have been instances where spending and debt has allowed the US to maintain leadership.
credit and debt is a very interesting concept at the central bank/commercial bank arena.
it’s exhibits security.
but that was then…and this is now.
we are spending well past the venn diagram where debts is useful to attract future treasury sales and crossing over into the other circle called insolvency.
this administration does not have an economic strategy and nor is the federal reserve bank operating normally.
what we are seeing is a last grasp to present the dollar as stable in the interest of keeping our debt holders less tense.
they are tense.
and it’s not working.
first we offshored our manufacturing and technology.
then we failed at the most critical responsibility to keep a nation stable: to USE money in order to achieve something of value.
“we” failed = congress sold out to foreign debts and graft.
this is why we are seeing the open daylight theft…they just don’t bother concealing it anymore.
why would they? they know the dollar is done.
and so it goes with all great nations….usually from corruption and a lack of discipline from within.
The amount of debt we are in is relative. The average chinese citizen has a debt to income ratio 5 times higher than in the usa. It is possible the fed did not want to be the only cb to lose too much ground when china and others default. They are selling us out, but to benefit themselves, i think they want to be part of the great pop, which is what the great reset is all about hiding.
Do the math, look at our gdp, number of workers, government spend… The world’s economies are
“President Trump. Ringing President Trump.”
I’m afraid President Trump is no longer able to answer the Bat Phone
… nor that big spotlight insignia in the sky
A duel with Putin is not a strategy
No it is not Amjean.
It is silly infantile posturing and is not even a serious idea to even really think about solving the Russian/Ukraine problem.
one has to appreciate the incredible traffic of rhetoric…coming from a very popular Billionaire.
The strategy is one you might have not considered.
Think about it.
Name a single large whale who has come out IN PUBLIC and acted according to personal principles over this invasion.
Just name one….I’ll wait.
This is Elon doing Elon.
Even in the most severe conditions, he has not lost his sense of purely american individualism.
One has to appreciate it, even if the idea of a duel is very silly.
People notice. People notice that “hey…why aren’t other very very important people in the entire world doing anything here…?”
People notice. People notice…
Elon is perhaps the most underappreciated troll of our time.
And a troll who can actually back up his rhetoric.
Now, having said that. I would appreciate it if Elon would also make a similar challenge to CHINA/XI who is financing the war.
Let’s see how this plays out.
You’d better take another look at China’s debt. We are bad but they are far worse, especially down at the province level.
Also people should rethink our world reserve currency status. It’s what has enabled our elites to skim, grift, and bully the world as well as the US middle class. Without it we will be hurting a lot and will for sure become poor very quickly and it will majorly suck, but also without it those who are productive will flourish and we will be able to rid ourselves of the parasites on the top.
Necessity is said to be the mother of invention.
Sanctioning Russia over Ukraine may actually end up benefiting Russia by forcing them to create alternative avenues and mechanisms of trade.
Some inside Russia are looking at this as strengthening their country by (1) removing the rich Oligarch’s through sanctions and (2) removing the filthy Western influence in their country and (3) strengthening the internal national strength of Russia – nationalism.
If the sanctions run long term, the US will lose much by forcing a new stronger alliance against the evil US. Many of the world leaders do not even want to speak to Biden and his group of disrespectful idiots.
Bullseye. I’ve been looking at Putin’s past statements and he is truly fed up with western filth.
Aren’t we all?
So am I, so I guess I am “an agent of Putin”?
Should I expect the feebies at my door, tomorrow a.m.?
There are a lot of people who think like you.
If CNN shows up before dawn, you’ll know they’re coming.
Biden’s visit to Brussels this week makes me think NATO will hit Russia on Sunday?
All the borscht you can consume …
I don’t remember what site, but the other day I saw a clip of a Priest in Russia expressing how happy he is all the internet junk had been shut down. He was pretty funny how he turned sour grapes to a positive.
He actually said it was good to shut the internet because then Russians didn’t have to look at women with beards.
Ever since Putin was elected he has been fighting the Russian oligarchs. Managed to throw quite a few out.
Appears he has no use for US oligarchs either.
It may be part of the reason our clowns are all in on the Ukie fantasy.
Zero and friends always wanted to take America down a notch or few.
Auwtsnae: Ah, free market capitalism, at it’s finest!
On this morning’s Fox Business Channel, either the Bartaromo or Varney show, the reporter said the CEO of Goldman Sachs said isolating Russia “is not our job” and will not leave pull its market-making business from Russia, that it worked too hard to get licensed there.
Might be interesting to watch if there are any punishments against them for not pulling its business since it might stir up ideas of independence from government by other multi-nationals; at the least, maybe this company is a rare one able to see the writing on the wall.
https://www.axios.com/goldman-sachs-david-solomon-isolating-russia-e7db1d56-b46f-446e-b89e-93220b14468e.html
So, is GS going to get the Tucker / Tulsi Gabbard treatment from the Liberal left??
Be cautious of Goldman Sachs.
They are now hiring criminals to work for them.
I wish I could put up the article, I think it is on gateway pundit.
But GS no long eliminates some one who applies for a job who has been in prison for some reason.
Even though it use to be illegal for some one with a criminal record to work in a financial institution, those laws must have changed.
So beware if you invest with GS.
The guy or gal handling your account or some one in the office might have served time for fraud, assault, rape or who knows what.
No such article on GP. Just looked down both page 1 and page 2
Zero hedge? I saw it too.
Zerohedge, thanks.
IIRC that was JP Morgan, not GS.
Could be BlackKnight but I really thought it was Gateway and GS.
Sorry to jump the gun with the post if I did.
Will keep looking for it myself and try to find the info.
Do not like to confuse the good Treepers here and put up confusing or false posts.
So sorry.
money “finds a way”.
almost as fundamentally true as life itself.
taking notes?
when the US economy finally meets it’s end and your “money” is worthless.
you will find a way.
preparing now is a very good idea.
What do we do with our money in the bank?
Very good question lindak.
Perhaps take some out and convert it into useful items like food, medicine, tools, clothing, bedding, camping equipment etc. little by little and store them.
Leave in what is needed to pay bills now, take some out and literally put it some where safe in your house in case?
It is so very hard to decide.
Perhaps using several different options would be good but I would keep it close and “liquid”.
Not being a multi-millionaire myself we do not have gobs and gobs of money to worry about.
One thing I would do is to pay everything off.
Especially house, farm, and any other property.
It will be nice I think to own land and other property free and clear.
Let the vanity stuff go.
Boats and motorcycles might come in handy though for survival stuff, foraging if you are up to it or for trade or sell.
It will depend on what works for each of us.
Banks are not safe places, long term. May be safe up to FDIC insurance limits, but in a crash I’d only count on a fraction of that, because they will use your deposits to recapitalize the bank. And it might be years before you see even that. All discussed and made into law back in 2009. I think the Fed is out of room for doing what they did in 2008.
Pull out enough in cash to pay for several years of property taxes and utilities, plus food. Pay off the debt on anything you want to keep, and for sure pay off all unsecured debt that a debt collector can use to come after you on the things you want to keep. Figure in a big inflation factor.
After that? It’s a problem. In a depression nothing is safe. And make no mistake we will go into a deep, deep depression if the dollar loses reserve currency status. The US gov will not be able to take on new debt. Expect mass firings of gov workers at all levels. Pensions will be wiped out. Social Security will not exist.
So protect you and your family as best you can for the next few years. If none of this happens, then consider this a bonus.
Those that are supposedly in “charge” here, better figure out quickly, that their Money Wagon is quickly turning into the Honey Wagon!
There is no fleet of “honey buckets” large enough, not in the whole world, to drain the swamp.
Its gonna come down to US.
Icing on the cake?
From Dianne Marshall:
https://diannemarshallreport.com/the-alliance-does-it-exist/
Very intriguing, thanks for the link.
https://english.almayadeen.net/videos/diplomatic-viruses
this is about the US bio-lab in Tblisi. I believe it is the Lugar Lab. They have entomologists (with Diplomatic immunity) genetically engineering mosquitos, ticks and sand flies to deliver diseases such as Anthrax, Plague, Hemorrhagic Fever, Brucella and more to humans via bites. This is being facilitated by the Pentagon, Walter Reed, the Georgian National Center for Disease, and many others. The US is using contractors as it is easier for them to avoid scrutiny. Booze Allen Hamilton, where Snowder worked before he bolted, is involved too.
Everyone should watch this and as you do, please remember the millions of genetically engineered mosquitos released in the Keys last year. Those were engineered to reduce the mosquito population but could easily be a way for the normalization of GMO bugs to be released so that no one thinks anything of it when the real deal bugs are released.
Please watch this
Completely different twist on Ukraine:
Watch the “Who Funded This” clip.
Mind-blowing dot-connections!
Personally I think this is terrific. We here in Canada have been smug for far too long.
Real pain will be felt by many, in particular those that are counting on government always being there.
We will see, but my money is on China, Russia and India.
America and Canada under Pelosi, Biden, Trudeau and Freeland 😂😂
I’m with you, Dekester, 100 percent. Difficult as it is, the worse it gets, the better it is.
In fact, they are half right, with BBB; FIRST, you have to tear it all down.
THEN, you need to be sure on who is in charge of building back.
PDJT had NO CHANCE of draining the swamp, in his first term. Bidens term will accomplish what PDJT couldn’t; destroy the Swamp, by truly finishing the job of exposing what an open, festering cess pit it is,…
Then, perhaps it can be dismembered, raised, earth salte and the process of building can begin.
and just maybe Putin will add fuel to the fire with what info he unearths in Ukraine?
From your mouth to God’s ears……just the thought that Putin will freeze the assets of
Hillary and Hunter made my day!
👍👍
Be careful what you wish for,”you will flee the lion and run into the bear, you will lean your hand on your wall for support and get bitten by the serpent.” The destruction of America will be devastating for everyone.
Can you imagine all of those Ghetto Rats having their EBT cards devalued in half or more. They will burn down every LIBERAL scum city to the ground.
Always with the positive waves, Moriarty.
Will burn them down FrankieZ?
How about are burning them down.
They gave them a 25% increase, and inflation is currently around 25%. Dems are saying they will give them a $300 a month gas allowance.
the faculty lounge, that stinking room where teachers went to smoke and have a coke during the day when I was in school in the 70’s. Thats who is in charge right now. I detested the air of authority then and doubly now.
Me too, but I have to tell you that my teachers in the 60’s were head and shoulders smarter than these clowns today and I still detested some of them.
While the hypocrites told us not to smoke.
They are still hypocriting!
A few of my professors actually smoked in the classroom, as did some of the students.
Jesuit university, c. 1970.
St Ignatius HS Chicago seniors could smoke in the cafeteria 1969.
Me too!
~Spanky
now thats funny right there. if we could all get together around a campfire…….
I remember those lounges! LOL!
We could smoke in one of the HS hallways during winter! ’74-’78
The WEF crowd will be cheering these developments. When the dollar crashes here shortly and America is further destroyed, they’ll move to their centrally controlled digital currency. MARK OF THE BEAST to buy or sell can’t be far off.
I am sure that is their intent
but
Please do NOT discount our VSG P DJT
It may not turn our the way they want it to….
See the link to Dianne Marshall – Alliance – above
I admire you optimism.
I wish I had some of it.
You can in fact put toothpaste back in the tube but once the petrodollars is bust I can’t imagine how you undo that.
Don’t know if you follow The Wartime Presidency by Slag. In one of his posts he pointed out how the swamp set out to sink us all when Trump took office. With the CARES act Trump was able to save our economy When the bidenites took office Mnumchin put the leftover funds in the General Fund to foil the bidenites.
I am not financially savvy enough to ‘splain the details, but my link above to Dianne Marshall points out what I suspect – our VSG P DJT is in alliance with BRICS – she thinks and I suspect Dianne is right
Hence my optimism
I have asked before – if you want break the stranglehold of the multinationals, the globalists and the world bank, what would you do differently?
You have to start somewhere, and change is always a fearsome time.
If you want some optimism, it is there to be found
Nobody is holding Trump accountable, so he gets away with a lot. He takes softball interviews.
WTH? What are you smoking?
You must’ve forgot
These developments may be an attempt to flip the plans leaving the BRICS alliance in charge and the WEF holding the bag.
Actually, all this is fine with Acting President Obama. Welcome, even.
what could possibly go wrong?/
Losing reserve currency would be end of America.
certainly that would reduce the interest by other countries in buying our debt bonds.
Agreed, but I have long wondered whether, when the balloon goes up, the government will refuse to honor the trillions of dollars that are offshore. When America falls, it is an open question whether it will take the rest of the world down with it.
The answer, of course, lies in where the elites figure the greatest profit is to be made.
“… whether … the government will refuse to honor the trillions of dollars that are offshore”
Yeah, I think the position will be “go fish”
I think America’s position might be to the debtors “sucks to be you” nimrodman.
It will take down all with massive debt, including countries.
It is ONLY the $’s reserve currency status, that has enabled Congress to make drunken sailors seem like penny pinchers.
We here constantly decry their profligate spending, (Brandon just signed $1.5 trillion MORE spending bill),…since the ONLY thing thatwill end the $ train is the $ “losing” reserve status, not sure this is a bad thing, let alone “the end of America”.
Prior to WW2, it was the british pound sterilng that was the reserve currency.
After, in addition to “losing” that ‘status’ britain largely ‘lost’ its colonies,..but it still exists.
I agree Dutchman.
When the Pound Sterling was no longer the reserve currency the group of people in Britain who were the one’s who were the Have’s became the Have Not’s almost over night and a lot of the Have Not’s worked their way up to being the Have’s but Britain still existed as a country and was not “repossessed” .
And nether will we.
China will not come in and “take” our farms, factories, fishing boats, etc.
We will no longer be able to print easy funny money.
Perhaps the welfare state will end, the illegals will go home and most people will be forced to actually work for a living.
Not a bad situation really.
After a very painful adjustment period I for one think it will be a good thing.
If you read Prussia Gate by Will Toll you will see that the Nazis moved their base from Berlin to Washington DC. Perhaps we need to end ‘America’ as it has become so we can go back to being a Constitutional Republic.
It would be the end of the US we know. Is that a bad thing? We just have to be sure to “build back better” without the wef and the swamp
The US administration is an embarrassment and they do NOT represent we the people. They are a bunch of fools who are doing everything they can to destroy our country.
I hope each and every one of them hang.
Who is going to hang them? They will grab their goodies and go to their hidden holes.
The Currency Wars by James Rickards in 2011 is a good read on this subject. The only path for the dollar is to make it sound, and that can only be done by reigning in the Uniparty.
The die is cast, IMO. Ironically, I’ve been thinking America is in need of it’s own brand of Great Reset… you know, Build Back Better from the Hell Hole we’re peering into at the moment.
Let’s make it the “Great Awakening”:
Lesko Brandon FJB
😉🇺🇸
Wait, what happened to Soros.
Soros use to be the bad guy that every one said in comments on blogs was the world wide leader of the cartel running things.
The evil rich guy who had more money than God and was funding the take over of the world just because he could.
What happened to him?
So now it is Schawb?
Now HE is the most dangerous an in the world and Soros is number 2 or has lost interest in ruling the world?
Some body needs to make up their minds.
Why can’t it be both?
Put this day in your diary as the day Biden sealed the fate of the dollar as yesterdays currency….and the USA as yesterdays force…..its started and a matter of a short amount of time!
Iran deal – Russia has hard-coded into the deal that none of their trade with Iran can ever be affected. Russia has the right to trade with Iran however it wants regardless of sanctions on them forever.
Translation: Beggar Biden desperate for oil and wants some from Iran. But Iran does not really have much more to give. So. Russia will sell their oil to Iran and Iran will sell the Iranian/Russian oil to US. Putin will make money and clueless Biden people will rejoice in getting “Iranian” oil not Russian oil.
I betcha many of the RINOS and Dems are waiting for the exact moment to invest in the commies’ currency.
Go ahead big tech….try de personing India.
hell, that’s where Big Tech get all their programmers …. sorry, I guess “coders” is the current term
The USA is going to find itself sinking rapidly as to World influence under the present President and Presidential administration. As a result, the American people are going to suffer needlessly.
Just as the left and the globalists want.
Ok. See all of these “end of petrodollar” etc. My question is as a patriotic American what can and should be my “our” next financial moves and does this not also effect the elites? Am currently out of stock market after 30 years. Have 5 % of assets in cash, most of the rest in short term liquid assets. Own home and have no debt. Sometimes the best thing to do is to do nada. ?Pray and pray more
Thats at a minimum an “added bonus” if not the main attraction.
One possibility is that Brandon is making good on the vow that they “must not only destroy Trump, but make sure his kind can never rise again”;
They are destroying America, breaking it so badly that even PDJT can’t put it back together again.
Bankrupt financially, discredited inept military, economy in the toilet, …
If thats their plan, they are proceeding apace.
I don’t think its going to turn out at ALL the way they THINK it is, however.
I agree Dutchman.
This is not going to turn out at ALL the way the American Uniparty and the globalists elites think it will.
It just never ever does.
I keep thinking about the German Nazi’s who were striding across Europe almost unstoppable for a few years.
King of the World they thought they were and proud of it.
Then almost before they knew what was happening, they were hiding like rats in their underground bunkers swallowing cyanide pills or putting guns to their head and the Allies were closing in.
One of them, Joseph Goebbels and his wife Magda, had agreed that she would kill their six children if it appeared that they were going to lose the war.
And she did.
The oldest child was 12 and the youngest was only four.
This strange weird supposedly loving mother and wife of one of Hitler’s High Command killed her kids and then herself as did her whack job husband the one that so many people now days admire for his ability to propagandize.
Hitler had quite the ability to pick weirdo’s for his coveted High Command.
Freaks and weirdos every single one.
Needlessly? Seems to me we are suffering now because of world influence. Not being the world’s policeman will be a good thing. Maybe we will get a more peaceful world
Quite obviously … “companies and customers” who wish to conduct “international trades” … most-importantly “futures trades” … must have a far-more-robust … far-more-competitive(!) … avenue for doing so.
There should be “clearly defined, and well thought out,” protections against essential concerns such as … inflation. (Heh …) Against which a futures(!) trade might otherwise experience devastating losses.
Any trader, “millisecond by millisecond,” ought to have free choice as to the currency(ies) that he wishes to use, and as to the “bourse” that will subsequently execute the trade. This “freedom of choice” should be basic.
National currencies, and bourses, should be competing for the business.
— and, “oh by the way,” we already possess all of the technology that we might require to implement this.
Realignments will accomplish one of the globalist goals of bringing America down economically. But unintended consequences will still negate the world order they want. And I don’t think this eastern block will be manipulated the way these WEF acolytes have managed it in the west.
Saudi Arabia is moving to the Yuan, as well.
So, is the most populous country, largest Democracy in the World, and major U.S. tradong partner India, now a stooge of Putin?
Will US now sanction India?
Is Modi a ‘bad guy’?
Will they now kick India out of cat contests, ban performers from India, etc.
Or, is “the rest of the World” voting with their feet, and saying with their actions, that the U.S. Government is being run by stark, raving monbatshit crazies, bent on self destruction, and they refuse to “go along for the ride”?
Let’s face it: “one hundred percent of oil trades are futures trades.”
The traders are trucking companies, shipping companies, airlines. All of them future consumers of fuel who are “hedging.” They are contracting to buy “X thousand or million gallons,” at a today-specified price in “dollars per gallon,” for delivery at some future date. Although the fuel has not yet been pumped out of the ground.
And so, the problem now becomes just one word: “dollars.” All of the sudden, this has become a dangerous exposure.
All of the sudden, the concept of a “petro-dollar” is no longer acceptable, because inflation is a “third-party concern” that neither trader can control. It now becomes something that only “the sovereign state” can control. But that “sovereign state” can no longer be trusted.
The world trading community must necessarily find alternatives … and today, it can very easily find them and implement them.
Today, it is very easy to implement a truly competitive marketplace in which traders can not only choose the currency(ies) that they wish to use, but also the so-called “bourse” which will carry out the transaction. “Millisecond by millisecond.” Neither “SWIFT” nor the “US Dollar” is actually required anymore. “Let the competition begin!”
Would be nice if this shook the purely speculative traders out of the markets, like the banks and hedge funds. I’ve long tho it that we should return to the type of commodity markets we had even 40 years ago, when everyone in them had a stake in the outcome besides other people’s money.
When the UN voted to condemn Russia regarding Ukraine.
34 or 35 countries abstained.
As I posted yesterday, according to the head of the Phuket Tourist Authority, linking to MIR is also under consideration in Thailand. There were one and a half million Russian visitors to Thailand in 2019, and the Thais are not about to cut off this lucrative corner of the tourist trade. So, where else do Russians vacation in large numbers? The short answer is anywhere with sun, sand and surf, with the whole of the Indian Ocean prime territory.
They can pay hollyweird in yuan. s/
Maybe we can just change the dollar to a new currency with Joe’s picture on it.
We can call it the Yawn.
And then have a big competition, the Yuan vs the Yawn.
Somehow, someway, Trump has his finger in all of this. Just my take.
I remember hearing about the BRICS when Obama was president. I had forgotten about them. When Trump was in office, we got along with Brazil and India, were taking steps to defang the dragon, could have had detente with Russia but for the Russian Collusion hoax. I didn’t know South Africa was tge “S” … J thought the S stood for South Korea.
Lordy I miss Trump
Apparently they ‘disbanded’ when Trump was in office. Then started up again when he ‘left’. Sundance got me looking into them – I read there are over 140 countries / nations ‘trading’. just those 5 countries have over 40% of the world population. They are doing trade agreements. they have gold backed currencies. They have their own bank(s).
Maybe they are not yet a force to be reckoned with vs WEF, but there is the future to be created
Interesting choice of tie by Vlad. In the midst of the globalist shell game, do not miss sight of the fact that China is still the WEF/Davos Crowd’s model society.
what was it Pres Trump said – hold your friends close – hold your enemies closer….
how else to find out their plans..
We are so dumb. Joe all tough guy pushed half the world to alienate USA.
Brilliant , you idiot, joe
O.K. Who wants to move to a BRICS country to start a wonderul new life?
Yes, I considered that a few days ago myself…
Before you sell up and move visit.
I have been to India and Brazil.
Both lovely countries but still third world.
It has been a while since I was in Russia.
As bad as the US is and as much as we complain about what we do not have in the way of “creature comports” any more we are still not India or Brazil.
Or China.
Can not speak for South Africa but I would suggest a visit to check out if living there is possible.
There is a reason why people from India, Russia and China and Brazil make a still make a huge effort to immigrate here to the US.
If you try to live in those countries, and not visit as a tourist, you will find out fast.
I think you are onto something. I agree with your observation.
The US Dollar is about to lose it’s “world currency” status, especially as crypto markets mature. When that occurs, all those trillions we have out in loans from China won’t be worth bunk, and they’ll call the loans. America: Meet your end.
Don’t be surprised if we refuse to honor our debt, and leave our creditors to take it on the chin. Now that the gloves are off, we can always confiscate every square foot of American soil purchased by the Chinese, or anyone else.
Exactly John Evans.
Exactly.
So let them.
Like Dutchman pointed out above.
Call in the loans, and we will tell them to go suck eggs.
Then our government will stop printing money and the welfare state will end.
The foreign governments that “own” our debts will have to write it off.
We will need to readjust and stop spending funny money and it will be a problem for those living off the Feds for a while so please prepare.
But perhaps the illegals will go home, the drug addicts will be forced to stop their flagrant spending of gov money for their drugs, welfare queens will need to find a way to pay the rent, and Congress will really be up the creek without their graft.
The people who benefit will be the average citizen who will hurt for a bit and then figure out a way to make things work.
Calling in a loan means nothing if the debtor can not pay and banks write off loans all the time.
China and the people who are “holding our paper” should be the ones sweating like crazy.
They are going to lose and lose big time.
This is why lending institutions that make a lot of bad loans go under, they can not collect on them and they are the ones that suffer.
This.
The “brilliant” brain trust behind the puppetry of this Presidency assumed Putin would respond passively to their ill -advised sanctions. Yes. There is no doubt now that America will soon be a vassal State to the BRICS … yes, we’re fkcued. FJB and his puppeteers.
So, if our demise is inevitable, did the traitorous Twitterface, Googletube, Social Justice basketball, Muskelon and all the other Chicom loving corporations make a business decision to attack the crew, scuttle and jump ship rather than joining with patriotic Americans to overhaul and rid her of the barnacles?
That wasn’t a good long-term solution for the pirates of old.
America is still here.
America is not Joe bide or Nancy Pelosi or Mitt Romney.
America is a real mess right now and in big big trouble.
But we still have our oil in the ground and our huge swaths of farm ground and the natural resources.
We are really still here.
We are not a tiny dinky country physically like some of the Euros are.
We can feed our selves and much of the world if need.
We have mountains for minerals, farm ground in abundance, the oceans to fish.
We can be beaten down and ground down be we really do have the ability to start back up again if needed.
We are one of the most vast and amazing countries in the world there is really no other quite like us in physical capability.
Losing the reserve currency might clean out the graft and corruption in DC and in local and state politics and help give us the start we need once again.
The vast welfare state would end and it will be hard for a bit but all of the freeloaders who had poured over our southern border the last 40 years might go home and give us the breathing space we need to start making America great again.
Something needs to happen and this just might be it.
Is it sad that Im rooting for the BRICS at this point to succeed. Our own leaders have become so dangerous to not just the rest of the world but us that maybe cutting us down a notch or two would actually be good for the average person on main street.
The United States went to war against Iraq and Libya for daring to challenge the existing US Petro Dollar financial system.
Label me as negative, but I believe the USD as world reserve currency is on limited time and BRICS nations which happen to control over 85% of the world commodity market are going to replace it with their own system.
None of this would be happening had we elected honest & responsible individuals to office over the years; we got fleeced.
Didn’t our government game out some of these contingencies BEFORE announcing blanket sanctions against everything Russian? Maybe do some consultation with the world’s most populous democracy BEFORE forcing their hand? Get some agreements in place?
I mean WTF!
Seen a few places..but not not able to validate..
Airlines that stooped Airline traffic to Russia. The planes they had there still-are now property of Russian Federation.
Saw quite few articles on this-
Pisa Italy union workers protesting. Seems that the “Ukraine aid” freight they were handling-they discovered it was – munitions.
How about…airlines who stooped to stop? Ah….spell check-
Anyone ever think, after the hundreds of thousands of cheering Indians that greeted PDJT, India would so quickly be betrayed by the next admin?
India needs russian grain, or they starve. India needs russian oil, or they starve.
The west-wing interns running the WH apparently didn’t think that far ahead.
America is one of the few countries in the world that can actually provide almost everything we need for our own people if we put our minds to it.
We have vast farm land, the ability to build factories and set them up with almost everything they need to produce what we need to live.
We can grow cotton, grain, rice, beef, sheep, vegetables, fruit in our farming areas that have many different growing seasons.
We have timber and mountain ranges with many different minerals, we have coastal waters for fishing and we have oil deposits and natural gas also.
Countries like India, China and Saudi Arabia can not feed their own people and Saudi Arabia has trouble providing enough water for ag use and human consumption.
The whole wide world has managed to convince the US that we are a pitiful broken down has been country that is on it’s last legs and these third world countries are the future.
We are all fearful and trembling and freaking out because “If we lose our reserved currency status we are over as a country”.
I really do not believe that.
I think that the reserve currency status is a big problem and has allowed our spoiled brat out of control Congress to keep on printing money to feed the welfare state which is killing us.
If we lost the reserve currency status it would be hard on us but harder on them.
No more promises to the welfare junkies, drug addicts and illegal aliens.
All of the huge power that Congress now has in printing money and passing trillion dollar spending bills and giving away money to foreign countries and raising our national debt would be gone in an instant.
So they and our msm harps constantly on how our country will BE OVER if we lose our reserve status.
They really do not want to lose their Sugar Daddy of the federal governments ability to just turn on the printing press and give away money to all of their friends and stick us with the debt.
since we are on the subject of Russia – I just found this:
https://www.naturalnews.com/2022-03-15-us-leaders-are-pursuing-an-insane-treacherous-game-of-global-chicken-with-putin.html#
US leaders are pursuing an insane treacherous game of global chicken with Putin.
After reading this I would rather be WITH Putin than against him.
Our people in DC know this info – we need to know too, don’t ‘cha think?
May I suggest that foreign countries are now bonding together against the US, not because they want to, but because they have to?
The Germans genuinely went crazy in the Nazi era, and Americans seem to be losing it in a thousand different ways.
Biden and Kamala? Do you think foreign people aren’t mystified that the Americans conducted a massively corrupt election in order to install these fools?
Anarchy has long been the sad, sick philosophy of fringe criminals and outsiders, but the American mainstream Democrats have now embraced Antifa and BLM. To what possible good end?
If (when) the American military stops protecting international trade and travel, those conventions will vanish. Co-Vid seemed a dress rehearsal for that same anarchy.
And a massive re-birth of imperialism seems on the mind of the corporatists/fascists now swallowing up America. Miss Lindsey (that tiger) wants to kill Putin? So many mainstream people want war with Russia. And little Marco won’t stop there – he wants to start building an American empire in Venezuela. Madness.
Many people in liberated portions of Southeastern Ukraine
are already trading in their old currency for Russian rubles.
The Global economy seems to be moving away from the dollar. We will be in for a great economic hurt and difficulty as a nation if that happens. Silver lining is that…maybe it will finally force us to face economic reality and fix our system. Also, with the loss of such great economic power, we will no longer be able to use economic blackmail against other countries which may have originally had good intentions, but ended up in a place of great corruption and ill will.
Our loss of the petro dollar may be the cause of that future looking spreadsheet that shows the US population reduced by about 40% in the next few years. I guess the loss of petro dollar would be a nuclear economic event. The same table showed Russia population not that much reduced.
New World Odor: Stinky Joe Tanking USA
https://supermacro.substack.com/p/new-world-odor-stinky-joe-tanking?s=r
On the subject of money, and while you still have some. I suggest stocking up on food. Walmart issued limits yesterday across all stores. You are not allowed to purchase more than 175 items in one transaction. When the digital dollar comes in, you won’t be able to fill your car, and go back for a second transaction, as it will be registered to your card, and shut off!
175 items is not a lot if you are serious about survival. Yes, you can go back and buy more, but the prices will have gone up. If you shop Online, the limit is 12 same items. 12 cans corn, 12 cans carrots etc
Thanks for the info!
Now that you mention it……I went to Walmart yesterday and two employees were talking. The lady had one of those stocking carts. I overheard her saying how many people in store…and slower getting products shelved. The other one was agreeing with her…a lot more people than usual…
Well I have already decided to shop cash only at stores.
Hitting the stores next week to top off my supplies.
President Trump realized that the United States had a great strength to leverage, the size and affluence of the American market. Biden’s inflation is decreasing that strength everyday.
President Trump showed how quickly we can MAGA – we can do it again.
As he says, the Best is Yet To Come
Stock up on commodities and things to protect them.
We are being left out as the world advances because of this administration. Our foreign policy is not always great but it is well known that foreign policy is Brandon’s biggest weakness in a large catalog of weaknesses.
Consider the possibility (I’d say certainty) that this (unelected) administration is a puppet of the CCP (and Globalists).
And that these actions that may well lead to the loss of reserve status for the U.S. dollar are intentional.
Well, there has always been more than one reserve currency available, but the USD now has rampant inflation and deliberate manipulation by its government to its own unfair advantage. Eventually, businessmen realize that “they have a business to run.” And they do what they have to do and the USA won’t be able to prevent them.
It goes without saying, of course, that every issuing nation does this to some degree. Which is why traders should have a choice – playing each issuer against the other in a fair real-time competition for the chance to do the trade.
“Plausible deniability”, Biden’s most precious gift, is not a good leadership trait.
And his “family businesses” are soooo well known and investigated, (everywhere but US), the negotiation power is all on the other side.
He is only kept in office so that further mischief can go on on the world stage.