Destruction of the US dollar

[pmbug]

Sorry. I thought this was a forum for discussion where we shared thoughts. My bad.

 

[devil21]

Sorry. I thought this was a forum for discussion where we shared thoughts. My bad.

Don't take it personally. This has been a pet thread of mine for 15 years (you should understand that as a 2007 date, also) so pardon if a random unquoted pmbug.com forum selection, without any context, written by who-the-fuck-knows-who, doesn't much impress me.



eta: especially with teh collinz forum sliding with weak posts. little people are good at being sideshow distractions and powerless minions.

 

[Swordsmyth]

Don't take it personally. This has been a pet thread of mine for 15 years (you should understand that as a 2007 date, also) so pardon if a random unquoted pmbug.com forum selection, without any context, written by who-the-$#@!-knows-who, doesn't much impress me.



eta: especially with teh collinz forum sliding with weak posts. little people are good at being sideshow distractions and powerless minions.

He's right and you are wrong, but your hate blinds you.

 

[pmbug]

Don't take it personally. This has been a pet thread of mine for 15 years (you should understand that as a 2007 date, also) so pardon if a random unquoted pmbug.com forum selection, without any context, written by who-the-$#@!-knows-who, doesn't much impress me.
...

You aren't the only one for which this issue has been a decades long pet issue. For many years, I used to have a signature link to this epic thread:

https://www.pmbug.com/threads/tin-foil-hats-economic-reality-and-the-total-perspective-vortex.75/

For the record, *I* am PMBug (that is my website). My forum avatar should have made that obvious if you never saw my signature links or the announcement thread.

My previous post contained a link to a post that included two citations to articles/reports that explained the situation with the USA/KSA relationship in some detail. I'm sorry I didn't copy/paste everything directly for you, but I was posting from my phone and editing/composing posts like that is nearly impossible on my phone.

Also, more of my comments if you care (for an actual discussion):

https://www.pmbug.com/threads/tin-f...d-the-total-perspective-vortex.75/post-104041

 

[devil21]

Given Collinz obvious post sliding nonsense I thought more relevant threads should be bumped.

 

[devil21]

BRICS Summit time again soon. Details about the BRICS monetary unit are emerging. 40% gold peg confirmed.

https://tass.com/economy/1839865

The Unit project assumes that the value of the common unit of account is pegged by 40% to the value of gold, and by the remaining 60% to a basket of national currencies of the BRICS countries.
........................
The BRICS summit in Kazan is scheduled for October 22 through 24.

Gold revaluation probably happening around that time. How it may/will translate into dollar terms and the fate of the dollar remains to be seen. No denying that gold and silver and pretty much everything is undergoing revaluation.

 

[acptulsa]

 

[devil21]

removed

article claimed to be from the official BRICS website but I can't verify that so removing for now.

 

[devil21]

Interesting. Perhaps next we will see China broker peace between the Saudis and Iran, in an alliance against the west...

https://www.timesofisrael.com/iran-...joint-military-drills-with-saudis-in-red-sea/

Iran and SA to run military drills in Red Sea. Throw some Houthis (who I think are SA controlled now, imo) into the mix and see what happens? This is an interesting data point to remember.

 

[acptulsa]

 

[pmbug]

Nothing really new happening with the BRICS summit. They are working on a payments system alternative to SWIFT and transitioning to trade with a mix of gold and national currencies. We've known about these developments for over a year now.

 

[devil21]

So yeah, that happened........

https://x.com/Cointelegraph/status/1850774496086478970

 

[devil21]

Somebody is lying (as if that's anything new in banking/finance). Russian spox said plainly that Saudi Arabia is part of BRICS then later walked it back.

https://www.reuters.com/world/kremlin-rows-back-comments-saudi-brics-membership-2024-10-15/

October 15, 20247:24 AM EDTUpdated 2 months ago
MOSCOW, Oct 15 (Reuters) - The Kremlin rowed back on Tuesday from earlier comments describing Saudi Arabia as a member of the BRICS group of countries, and left open the question of whether the kingdom would be represented at a BRICS summit in Russia next week.
Saudi Arabia has been invited to join BRICS but has not yet formally done so. Last week, however, Kremlin aide Yuri Ushakov described it as a BRICS member and said its foreign minister would attend the summit in the Russian city of Kazan.

Donnie threatens 100% tariffs on BRICS countries. This article is a skillful piece of work and doesn't mention SA as a BRICS member. It's kind of like they're either keeping it quiet for now OR the Saudis are having second thoughts. Strange times. They seem to be going to great lengths to keep the overall status of BRICS obscure. There's plenty of past reporting that BRICS is way more than 9 countries now.

https://www.cnbc.com/2024/11/30/tru...tions-if-they-act-to-undermine-us-dollar.html

11-30-24 President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar.

His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.

Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining.

Seems to me that the tariff narrative itself is basically a cover story for the fact that foreign imports will get much more expensive simply because the dollar has lost global reserve status. This is also evidenced by the bitcoin/stablecoin/Treasuries rigging they're trying to pull off, as detailed in Whitney Webb's write-ups on the topic (linked in the Trump Cabinet thread in GenPol subforum). We've already seen the effect on prices of domestic goods the last few years as "excess" dollars are removed from main street under the guise of "inflation". Every data point I see points clearly to the dollar no longer being considered the global reserve currency but the charade continues on any way.