>>61144716Guy looks like a literal psycopath, I sure trust him alot.
>>61144716this has me bearish on the dollar. unless you retards get your shit together asap you'll be in for a rude awakening. i know i know you think you're the shit right now. so did every other major world power before it crumbled
We've been hearing about BRICS for 15 years already, with their goal of making a new dominant currency. So far not a single trade has been made with their imaginary currency. At this point I'm starting to think even they don't want it themselves.
>>61144716They don't want to replace the dollar
>>61144716Didnt read, woukd instapunch.
>>61144761Somehow reminds me of that HR cunt who made that video a couple of years ago
>>61144716if anything replaces the dollar it will be the petro shekel
>>61144935they have the same eyes
>>61144716BRICS doesn't even want to do thatrent free
>>61144716Someone needs to take him to knife school
>>61144957>eyesHis left eye appears to be slightly off angle, which could just be the muscles / nerves around the eye but it can also be caused by a brain tumour.
>>61144716replace with WHAT currency exactly?
USA will be the first latinx country to possess the nuclear bomb. Wild
>>61144963>do nothing>tofu dreg building collapses onto your headChyna numba wan!
>US owns so much gold!>no you can't see itThese traders are the kinds of midwits who get vaxxed because the TV said so
>>61145236Nothing. If you look at what they’re doing it’s clearing trade imbalances with distributed vaults by gold.Continue trading in theory own currencies. But each country will have to manage their debt levels and trade imbalances by managing their gold reserves. No dollar denominated debt instruments as the basis of national reserves. Which is obviously disastrous given the US current spending and debt burden in total.
>>61145712Why this matters. First they get a better basis if reserves that isn’t subject to implosion if one country decides to default through inflation/debasement. Second. If a country in the setup tried issues too much credit through super low rates. And tried commanding large out of imports with their expanded paper currency. Then it will lead to a trade imbalance for that nation. But those imbalances must be settled in gold. And their expanded credit will cause gold to become more expensive for them. A natural tamper on that behaviour. Which is just an attempt to export inflation.
>>61144716>good luck backing your currency with gold>the us owns 2 times as much gold as all of the BRICS combinedSo? What argument is that?
>>61145732it means that the US can buy 200% of all Bric-Dollars in existence and delete it
>>61145744You’re too stupid to discuss monetary matters. Buy money to burn it. Genius. If the US position is so strong. Why are they so desperate to disrupt the worlds attempts to get away from the “we send you goods, you send us everything depreciating paper that doesn’t keep up with the rate of debasement/printing”Tldr. You’re an idiot.
>>61145744You understand that that would be a win for BRICS
>>61144716Like dex replacing cex, it’s inevitable
>>61144781the webm points out, accurately, that they'd need to win wars to achieve it. the dollar trade system is backed by the might of the US military, for better and for worse
and just because USA looks bad and is niggered to hell doesn't mean they don't have an overwhelming military advantage in gloves-off scenarios. nothing will change for the next 25 years
>>61144716>the US holds 2x as much gold as all the other brics countriesThats a wild claim considering there hasn't been an audit. Prove it!
>>61145900>overwhelming military advantage in gloves-off scenariosGigacope lmao
He's referring to the Bretton Woods meeting in which 44 countries agreed to use the USD as the global reserve currency to purchase oil.Did they do this because the US was le big economy?No. The US entered WWII late to the party. Europe had destroyed itself in the brother wars. More importantly, it had destroyed its naval forces.France Britain were cooked. In the end the US had the only sizeable maritime forces in the world. It was checkmated.We were now in control of trade routes and ANYBODY who wanted to be able to trade was going to have to play nice. Not just with each other, which itself was a sometimes news, but they would all have to use USD is the standard value kf conversion rates.Everyone is always talking about air superiority. It's the fucking sea. If you want to rule the world, you must control the sea.
>>61145938Other than raw military power, mutts also debt trapped all of Europe with the Marshall Plan, used their military and economic power to infect the european leadership since to create favourable conditions for the continued existence of Muttistan as a world hegemon (e.g. Die Deutsche Karte), and used both powers to cripple european economies by forcing Europe to take in immigrants (e.g. Gasterbeiter), participate in angl*-kike wars, sending enormous aid to pissrael, giving govt contracts and favourable deals to kikes, and even creating the EU
>>61144716
>>61144716>create a common currency to lose control over economyyeah, a bunch of dictatorships run by psychotic tyrants, having nothing else in common, will totally be on board with this shit
>>61145932you are a real midwit if you think otherwise
>>61144716after ww1, journalists claimed there would never be another war. he looks scared. you can see it in his eyes. will the sun rise again tomorrow?
>>61145712>>61145727Based, good posts
BRICS are literal communists, they will never ever produce anything of value, it's genetically coded to fail. I wouldn't be concerned if I were the yanks, commies are notoriously bad at everything relating to economics.
BRICS is a literal Goldman Sachs creation. There would be no gain to dispute US dollars domination, it would only make BRICS exporters less competitive.
>>61144716literal psycho eyes, sanpaku
>>61146084Mutt soldiers are mogged by sandal-wearing goat herdersMutt ground vehicles suck as seen in UkraineMutt planes are rivalled and in some categories surpassed by chink planesThe only advantage mutts have is ship tonnage, which honestly is a cope because many times euro and chink subs managed to defeat entire mutt strike groups without being detected in war gamesSo perhaps the only true advantage mutts have is missile technology, but for how long?Mutt military power is only overwhelming against their own european vassals and countries that don't matter
>>61145900>gloves-off scenariosIf things were going fully gloves I'm pretty sure people could come up with some fairly "innovative methods" of readjusting that balance.
>>61144716A BRICS currency will never happen, for the same reason the Bancor never happened. The US did not want Bancor as an international currency when they could just let the dollar have that role. Likewise, China does not want a BRICS currency when they can just let the yuan have that role. Only the other BRICS countries, like Russia, want a BRICS currency, just like it was Britain that wanted the Bancor. The BRICS currency will forever remain a proposal that goes nowhere.>muh gold backingThere is no point in a new gold-backed reserve currency. The so-called "paper gold" already serves that purpose.>muh dollar is dominant in the forex tradeSo fucking what? Transactions for the trade of goods and services are by far the most important. Forex trade generates huge transaction volume for little economic benefit; just huge volumes for exploiting tiny arbitrage gains. Forex trade isn't even a meaningful trade with regards to BRICS countries, because China has capital controls and Russia is under financial sanctions.
>>61144716you can't have sustained success in a system led by a know it all dictator who no one is allowed to question. something might work temporarily, like in china but its inevitable that the man at the top destroys it all somehow as he gets older and gets more and more senile yet still has all that power
>>61146408in the end gold remains the only true universal global currency anyone recognizes. its not for no reason central banks everywhere are rushing to hoard it instead of paper money
>>61146413this, every single society ever was a failure until 2008 when president barack obama was elected and invented Our Democracy™
>>61144716Too bad they are retarded
>>61146439nah its pretty garbage too, but at least some rotation once in a while is possible. in china or russia you can be rich but you can't replace the man at the top so it has to crash completely before an equally retarded leader is installed in his place to repeat the cycle
May I see, the gold?
1. It’s really funny he’s walking around the NYSE like anyone there has an opinion worth shit2. The gold backed currency is just to sweeten the deal with commodity exporting countries. The real power is through petro (commodity backed) currency and owning that exchange 3. Of course most FX volume is dollar what a trash statistic to bring up, global trade settlements or FX reserve balances is way more fair statistics that actually matter the currency
>>61146542Also to point 2 re gold, while it may be higher than “all other BRICS countries” it’s still a lower value than we currently own for reserves. So if we quietly accepted a gold reserve scheme we would lose like 30% of our net standing in reserves.
>>61146413>Best Korea destroyed>China destroyed>Russia destroyedMeanwhile cuckcratic West is thriving, amirite?
>>61144716he didn't really counter the point of the currency being gold backed, so what if the US has 2x the gold if they don't back the currency with it, it doesn't matter. But yeah fuck BRICS and the US.
>>61146413Xi isnt that long in power
>>61145744And BRICS can just remove the convertibility to gold of such bank notes if that happens
>NYSE tradersyou mean the guys that cant even outperform the market?
>>61145893>use our currency or we'll bomb you to deathIt's quite incredible how many people don't understand this simple, fundamental fact about the dollar's position, cryptofag "investors" being the worst offenders
>>61144716>the US ownes over 2x the amount of gold that all BRICS nations haveLol prove it you won't.
>>61146195Big empires always have a hard time in asymmetrical warfare. The entire might of the Soviet Union also got humiliated in afghanistan. In conventional warfare, USA will easily wipe the floor with anyone.
>>61145744>if you give away all your gold, you win Ok Canada..
>>61144716Who nose
>>61149702Kek. Half of those fucking morons also don't even realize that there is a market out there that is much more important than bitcoin. And they all think they're the automatic beneficiaries of money printing.
Here's the thing guys, besides the US military. Brown people celebrate BRICS. I know most of you are brown. We all know how it will turn out with browns at the wheel. That's something you don't like to admit. USA isn't doing very well, but, being mostly white (the important burgers anyway), at least they dont descend into internal chaos. Whites are the only race that are able to create a somewhat functioning system. Whites are the only race who attempt communistmaxxed endeavors to help the homeless (see Europe), whites are giga autistic rule followers who would even choose an animal over a human if the rules "say so". Sometimes those qualities are good, sometimes they are bad. When it comes to being the purveyors of money, it's good. And you brown shitskins, with your unaligned goals, will find out about it very soon. It won't take long. Brown subhumans will in-fight, they will disagree, and finally they will stab each other in the back. You only need to look at brown parliaments which regularly devolve into fistfights. You only need to look at niggers chimping out every day.I know it, you know it, everybody knows it.The only people I've met in my life who are excited about a BRICS currency are mudslimes, shitskins and deluded morons who shouldn't be allowed to think about finance or the economy. Much less be allowed to vote.Let me remind you that even white people have difficulty maintaining a single currency, the Euro. Imagine how you browns are going to deal with the kind of difficulties Europeans face. It'll spiral into chaos faster than you can say "move 'em north".Sorry, but not sorry. We all know this is true. You must face reality.
BRICS: Browns Really In Control Saar
And before anyone asks, the 'R' in brics are the niggers of white people. Have a splendid day
What most people are missing about the BRICS arrangement is that they're not trying to get every country and its citizen to use a unified currency. This isn't like the Euro where it replaces Deutschmarks and Francs. BRICS is an international settlement framework for countries to trade with each other. If China wanted to buy oil from Russia in the past, they would convert their payment to dollars using US treasuries, send the treasuries and Russia could save the treasuries or convert them, etc. Instead they're creating a system that backs their currency exchanges with a set amount of gold pegging, probably 40%. The gold is insurance for the international settlement, and they get around having to us dollars. The countries still use their own currencies internally.
>>61144716Yeah, I seen some hedgies talk about this too.That gold holdings are still not that big among central banks and dollar is still used a lot.
>>61144716>best start believin' in world wars, you're in one...>>61144781>>61145893the goal isn't a single currency replacement but a bancor with trade imbalances settled in some combination of gold/btc/fiat.>that they'd need to win wars to achieve ityeah, that was true until 2009 when that consensus mechanism was decentralized.i mean, guys, we've weaponized the dollar and engaged in genocidal behaviors all while instigating nuclear holocaust; so maybe you're underestimating the demand for an alternative.
>>61146195>So perhaps the only true advantage mutts have is missile technology, but for how long?this isn't even true.>The only advantage mutts have is ship tonnagenor is this for the reason alluded to above.futhermore, it's pure hubris to think our competitors haven't taken advantage of our lack of borders for the better part of twenty years and couldn't stochastically twist our battlefield assumptions.
>>61146386>fairly "innovative methods" of readjusting that balance.well that's a given after no retribution, due to culpability, was doled out after the last volley.
>>61146408>China does not want a BRICS currency when they can just let the yuan have that rolewhy would china want the yuan as global reserve currency given the predictable consequences of doing so directly contradicting the position they've spent the last forty years building? what the world wants is a neutral reserve option; no substitutes will do.
>>61146413>you can't have sustained success in a system led by a know it all dictator who no one is allowed to questionthe inefficient allocation problem applies to human societies not "human" societies. you mfers better wake the fuck up.
>>61144716>we totally own 2 times more gold than you said the jews>what was written on paper was the truth said the jews
>>61146542>2...The real power is through petro (commodity backed) currency and owning that exchangewhich is why china leveraging thorium MSRs to produce, among other products, synfuel for export is the game changer.>3. Of course most FX volume is dollar what a trash statistic to bring up, global trade settlements or FX reserve balances is way more fair statistics that actually matter the currencyand the recent liquidity crises of late have shown just how thin those pools really are.
>>61149702lol. and what backs the us military? even now your ignorance continues unabated.
>>61150354HOLY KEK.>best i can do is verbal...
when the chinese say they'll implement something they generally do. when its america they flip flop after two weeks
>>61149763War games with european armies show that your conventional zogbots would still lose, and you need to alter the rules of the games to win, kek>>61150330>taken advantage of our lack of bordersThey sure did, as seen with how many times chinese immigrants were caught working as spies for the CCP in the last decades, but I don't think this matters much, because in a hot war, mutts would just send all chinese to a camp, just like they did the japanese during WW2The actual worrisome factor would be niggers and browns doing the bidding of the chinese, and their populations are huge, which tuns them "uncampable". Might even be why we're seeing ICE being allowed to actually do their work, though I think it's too late alreadyI find it funny how the chinese decided to revenge psyops NA lately in the same way NA psyops China, as in, China started supporting secessionist native movements in Canada and gave funding and explicit support to BLM, much like NA does with Uyghurs and Falun Gong, respectively
>>61150594>but I don't think this matters much, because in a hot war, mutts would just send all chinese to a campyeah, roundup wouldn't happen the same thistime.in a hot war, NYC's & LA's water supply could be throttled or eliminated entirely. the sole source of silicon wafer crystals could be destroyed, not to mention decades of delayed infrastructure investment catching up with us. but most importantly, as you pointed out, our social division would prevent a cohesive response. and i'll add here a time sensitive condition here; most forecast the conclusion of these games measured in decades but i'm of the opinion that human time scales will cease to be meaningful by this decades close.
>>61150771>i'm of the opinion that human time scales will cease to be meaningful by this decades close.meaning whomever sits atop the hill will manage the end of humanity control over global affairs leading into the singularity.
what are the chances that another latin country will join BRICS? Mexico?
>>61146043Sad
>>61144716Inverse it and go long USD lmao
>huemonkeys and jeets making ANYTHING reliable
>>61144761Fuck me. Im glad I'm not the only one who noticed.Recognizing them is instant for me lately.>>61144935Same head movements and everything. These people have brainworms telling them what to do.
>>61150322>engaged in genocidal behaviorsSorry Ivan, didn't happen. Invading Iraq and Afghanistan doesnt count. Nope neither does Vietnam. No not Korea either. Or Grenada. Or helping in Syria. Or helping Israel.You sound like a pissbaby.>all while instigating nuclear holocaustCringe. We've been threatened by powers with nukes since atleast the Cold War.>maybe you're underestimating the demand for an alternativeYou're overestimating the demand for an alternative. Its advantageous for foreign countries to trade in our money otherwise they would never do it.Do you trade stocks that have no potential upside? No? Case closed.
>>61144716Brazil - mismanaged socialist country with a shit currencyRussia - utter fuckups whose government stopped its currency from trading so it wouldn't evaporateIndia - shitty currency where the government banned large-denomination notes to prevent people from hiding their cashChina - refuses to let its currency trade freely because it wants to control devaluation as needed, especially since its real estate sector is collapsing both financially and physicallySouth Africa - can't even keep the power on in the countryYeah, I totally trust these five fuckups with putting together a new international reserve currency.
>>61151705Nobody’s putting together a reserve currency. Dont you read for fuck sake. It’s a clearing house for trade imbalances with the use of distributed gold vaults and gold warrants. Given what you wrote on know you won’t understand any of that and will just sperg out some ra ra USA USA nonsense.
>>61150354The only reason BRICS is expanding is because they have weaponised the financial system they control and begun stealing sovereign assets and companies. They just don’t get it. They killed trust in their system. Once that happens it’s curtains until some new monetary system arises.
>>61149972Ignorance and poverty are good bedfellows. Take it back to pol. You wretched loser.
>>61149863>you winLet's face it Other countries all own Gold because no other country truly trust the United States. To think Canucks are the only people dumb enough to trust the wealth of their nation to the US burgers.
>>61144716The problem with BRICS replacing the dollar is that nobody trusts those countries and they have good reason not to trust them.I mean I don't trust America either, but BRICS is a fucking shitshow and half of them are on the brink of war on any given day.
>>61152524>if only there were some way to implement trust in a trustless manner...if only...>i had a brain...
>>61149972in general, i agree but you're reason is erroneous in conflated those hypercompetent whites of yesteryear and those today whom are the result of epigenetic selective breeding; see pottenger's cats. >You must face reality.and the reality you must face is that the point of no return was in the eighties and this train has no brakes.
>>61152524The USA has God tier advantages (for better or WORSE):>US has the world's largest gold reserves About 4 times China which unlike China it got for cheap, and is gaining more.It could just go to a gold standard if it wanted.>US has 20% of the world unmined goldAt minimum>US has massive deposit of unmined rare earth elementsGranted it seems not to want to dig these up and would rather buy from China I guess>US is resource, energy and food independent>US is basically impossible to invade>US's has the world's largest river tributary system for easy transport into the interior>US has 3 coast lines (artic/Pacific/Atlantic) with no choke pointsz and multiple tier strategical level harbors (like the puget sound)>US has the world best military (that is it is able to destroy/blockade/no fly zone any nations governments (holding territory is a different story but for trade reasons that doesn't matter)The only other nation that could rival the US (if it got its act together) is the EU, which it wont because it's a neo-HRE.
>>61152852>>US has the world's largest gold reserves >About 4 times China which unlike China it got for cheap, and is gaining more.Rumor is china, russia, iran, OPEC nations all have massive hidden gold stockpiles.There is always rumor that oil producing countries always exchange 5% of the US dollar they make from selling oil for gold, after all why would you exchange your limited finite resource for printed paper?
>>61150361I’ll have to look into thorium, thanks for the tip anon.
>>61144716That guy is sniffing some quality Bolivian snow.
>>61152852>The USA has God tier advantages (for better or WORSE):>unsinkableliterally none of this matters in the face of marxist subversion. if any this mattered, then usa wouldn't be a vassal of israel. >US has the world's largest gold reservesand 100x in paper gold obligations>Granted it seems not to want to dig these up and would rather buy from China I guessfirstly, it's refining not mining where value added derives for rare earths. secondly, we DO mine rare earths, mostly as biproducts, which are sent to china.>US is basically impossible to invadeyet it was conquered nonethelessthe central problem with your argument is the debt. the usa for all it's wealth, by design, is insolvent.
>>61153134glad to help. also, keep in mind that the strength of thorium is operation within a thermal spectrum not necessarily in fast spectrum generally used in electricity generation which is the most basic bitch application of nuclear.https://www.youtube.com/watch?v=GAiHtrWHxK0https://www.youtube.com/watch?v=Q1Fi3BnwL94
>>61153414>biproductsbyproducts
