West vs BRICS

[RedBreast21]

Oh lookie over here.

You have to use your critical thinking to ponder the implications and connect the dots but this is not good.

Dollar dumped? India buys 1M barrels of UAE oil using rupees instead of USD for the first time — why this could be the beginning of the end for the greenback

With the UAE set to join BRICS, could it be over for the U.S. dollar?

finance.yahoo.com

Well last August India purchased 5 million barrels of oil from Russia in Rupees. They also sold 25 million barrels of Russian oil to Biden just before the mid-terms in dollars. Not reported in western media

But it might be the first time they bought oil from the UAE in Rupees. See the play on words?

Next week will be big. BRICS annual meeting. The Western banks are bracing themselves while western media is distracting Americans with indictments, crackheads and China deals.

 

[tirwin1]

An alternate take on this subject:

The idea of a BRICS common currency is almost 'embarrassing,' the economist who named the group says

Lord Jim O'Neill, who coined the term BRICS in 2001, waved away the possibility of the group of countries ever challenging the dollar's dominance.

markets.businessinsider.com

The guy who coined the term "BRICS" doesn't think it will work. The money quote:

But he does not see a future in which the renminbi, yen, or euro can surpass the US currency.
"None of these things will ever happen until those countries want to have their currencies used by people in other parts of the world," he said.

China in particular is very strict with currency controls, the russians less so. For this plan to work they will have to allow their individual currencies (or whatever they come up with) to trade freely across the world. Repressive regimes that obsess about control will have a hard time adjusting to that reality.

I understand their concerns about the dollar. They are absolutely correct in that regard. I don't think their solution will be a real one. Time will tell.

 

[RedBreast21]

An alternate take on this subject:

The idea of a BRICS common currency is almost 'embarrassing,' the economist who named the group says

Lord Jim O'Neill, who coined the term BRICS in 2001, waved away the possibility of the group of countries ever challenging the dollar's dominance.

markets.businessinsider.com

The guy who coined the term "BRICS" doesn't think it will work. The money quote:

But he does not see a future in which the renminbi, yen, or euro can surpass the US currency.
"None of these things will ever happen until those countries want to have their currencies used by people in other parts of the world," he said.

China in particular is very strict with currency controls, the russians less so. For this plan to work they will have to allow their individual currencies (or whatever they come up with) to trade freely across the world. Repressive regimes that obsess about control will have a hard time adjusting to that reality.

I understand their concerns about the dollar. They are absolutely correct in that regard. I don't think their solution will be a real one. Time will tell.

Of course we are going to see more of this written by Western media. The media is starting to talk about BRICS instead of China and Russia separately making moves that is clearly to support BRICS. It was Goldman Sach's that first coined the acronym BRICS way back before it was BRICS and yet it is still here. The Reports they published were very interesting and in retrospect correct.

BRICS is nothing but another EU. A union of countries seeking a common currency and favorable union block trade deals to be conduct without the USD. Of course the EU was supported by western banks. BRICS would not be so BRICS rolled out their NDB and will not use global money transfer systems. The NDB is the competition for the IMF. Many BRICS detractors will come out now to sooth the panic that is coming as that is all they will be able to do going forward. They will say anything and everything. For context think Trump.

BRICS plus countries, and many seeking to join, are dollar poor but resource rich. Western banks for years now have been buying gold and this was a bit puzzling to me since the USD is pegged to oil and not gold. So exactly what were they hedging? Well that is simple, BRICS. The insignificant and not worth paying attention to union of countries. The agreement with OPEC to use the petro dollar is what created the global dominance of the dollar. If OPEC decides to accept any or other currencies ( they have) for oil, then the use of the dollar plummets. It's down 17% already.


No BRICS is a big deal. The panic is real as the central banks are showing their hand, the media setting a counter narrative. If it wasn't why mention it, right? Will there be a total collapse of the dollar? No. They need the Wests consumer based economies to build their block of countries up over the next 20 to 50 years. lift the poor out of poverty and give them a govt Iphones. Make them all 300lbs lol They need us to be buyers of what they're selling.

So there will be another seat at the global economic table that the western bankers will have to deal with. One with more gold and therefore more say in monetary policies going forward. BRICS membership list, if accepted, includes half the worlds population. Most of it admittedly in 2nd and 3rd world countries. The countries the West has been raping for a hundred years. Exporting inflation to and the IMF loaning money to and double digit interest rates. That is something the author of the article will not admit to. But that is changing and BRICS the mechanism.

China has locked up all the mining contracts in Africa and is building infrastructure and supporting local jobs and not paying off war lords with U.S. tax payer money do corporations can reap profits.

The West has three clearly choices if it is to maintain it's power.

1) Mine gold and drill for oil and compete
2) Jump to CBDC and peg it to a formula of oil and gold for value, disconnecting from the petro dollar.
3) WW3

The West is an empire in decline and history shows us the path most often taken. BRICS has no interest yet in a collapse of the dollar. They want to control it. Of course that isn't good.

The global shift is happening and the media, like everything else, will get their marching orders to push a narrative.

 

[Drinkthekoolaid]

Of course we are going to see more of this written by Western media. The media is starting to talk about BRICS instead of China and Russia separately making moves that is clearly to support BRICS. It was Goldman Sach's that first coined the acronym BRICS way back before it was BRICS and yet it is still here. The Reports they published were very interesting and in retrospect correct.

BRICS is nothing but another EU. A union of countries seeking a common currency and favorable union block trade deals to be conduct without the USD. Of course the EU was supported by western banks. BRICS would not be so BRICS rolled out their NDB and will not use global money transfer systems. The NDB is the competition for the IMF. Many BRICS detractors will come out now to sooth the panic that is coming as that is all they will be able to do going forward. They will say anything and everything. For context think Trump.

BRICS plus countries, and many seeking to join, are dollar poor but resource rich. Western banks for years now have been buying gold and this was a bit puzzling to me since the USD is pegged to oil and not gold. So exactly what were they hedging? Well that is simple, BRICS. The insignificant and not worth paying attention to union of countries. The agreement with OPEC to use the petro dollar is what created the global dominance of the dollar. If OPEC decides to accept any or other currencies ( they have) for oil, then the use of the dollar plummets. It's down 17% already.


No BRICS is a big deal. The panic is real as the central banks are showing their hand, the media setting a counter narrative. If it wasn't why mention it, right? Will there be a total collapse of the dollar? No. They need the Wests consumer based economies to build their block of countries up over the next 20 to 50 years. lift the poor out of poverty and give them a govt Iphones. Make them all 300lbs lol They need us to be buyers of what they're selling.

So there will be another seat at the global economic table that the western bankers will have to deal with. One with more gold and therefore more say in monetary policies going forward. BRICS membership list, if accepted, includes half the worlds population. Most of it admittedly in 2nd and 3rd world countries. The countries the West has been raping for a hundred years. Exporting inflation to and the IMF loaning money to and double digit interest rates. That is something the author of the article will not admit to. But that is changing and BRICS the mechanism.

China has locked up all the mining contracts in Africa and is building infrastructure and supporting local jobs and not paying off war lords with U.S. tax payer money do corporations can reap profits.

The West has three clearly choices if it is to maintain it's power.

1) Mine gold and drill for oil and compete
2) Jump to CBDC and peg it to a formula of oil and gold for value, disconnecting from the petro dollar.
3) WW3

The West is an empire in decline and history shows us the path most often taken. BRICS has no interest yet in a collapse of the dollar. They want to control it. Of course that isn't good.

The global shift is happening and the media, like everything else, will get their marching orders to push a narrative.

Outstanding to tie that together for those who are not aware of what is going on.

This is the biggest crisis that our greedy bastards in charge are trying to navigate and respond to. It's a very elaborate game of chess where BRICS and America are trying to outmaneuver the other. Events do not happen in a vacuum they are all connected if you look hard enough.

 

[Zerex]

Plato said it best.... "ONLY THE DEAD HAVE SEEN THE END OF WAR"

Believing that BRICS can defeat the USA is maddness...I give it 33 days at most before defections to the dollar happen...where do the people in BRICS want to go...USA

The Godfather movie tells the tale about timeless human behavior and motivations, that Machiavelli, the Art of War and Shakespeare tell vividly. The End of Stalin tells the tale of human corruption for power... The UAR, Shah, S America, etc are all just chppters in this human maddness.

Who wants to trade dollars for yuan......HAHAHAHHHAHA!!!
Certainly not the clever Saudis who may behind this charade to capture more money..will LIV golfers take Yuan or BRICS script? HAHAHHAHA!!!

 

[Drinkthekoolaid]

I know the algorithm feeds me what I want to read. I just find it interesting that Yahoo is starting to have stories like this.

More people are connecting the dots.

'It's The Death Of The Entire Financial, Monetary And Social System': This Market Expert Warns The U.S. Dollar Is Quickly Losing Its Reserve Status. Here's What She Likes For Protection

For decades, the U.S. dollar has held the esteemed position as the world's primary reserve currency. But according to Lynette Zang, chief market analyst for ITM Trading, this longstanding dominance is on shaky ground. "The days of the dollar being the world reserve currency are fast coming to a...

finance.yahoo.com

 

[Drinkthekoolaid]

Over 40 countries sick and tired of the Western-led world order are clamoring to join a group where China and Russia are members

The BRICS — or Brazil, China, Russia, India and South Africa — summit is taking place in Johannesburg this Tuesday to Thursday.

www.businessinsider.com

 

[RedBreast21]

Over 40 countries sick and tired of the Western-led world order are clamoring to join a group where China and Russia are members

The BRICS — or Brazil, China, Russia, India and South Africa — summit is taking place in Johannesburg this Tuesday to Thursday.

www.businessinsider.com

I'm sure only a few will be accepted and maybe a basket of currencies announce for union trade. The West is lobbying hard to break the union. But as I have said before it won't take much to show a significant decline in the dollar if BRICS wants that. A simple commodities trade agreement or prefered member pricing for natural resources like what Russia is doing around the sanctions could be devastating. BRICS doesn't want to collapse the dollar they hold much of it but they want more control over the global financial system. A better seat at the table. The West has demonstrated all too well how much they control global banking and thats going to change.

 

[Drinkthekoolaid]

I'm sure only a few will be accepted and maybe a basket of currencies announce for union trade. The West is lobbying hard to break the union. But as I have said before it won't take much to show a significant decline in the dollar if BRICS wants that. A simple commodities trade agreement or prefered member pricing for natural resources like what Russia is doing around the sanctions could be devastating. BRICS doesn't want to collapse the dollar they hold much of it but they want more control over the global financial system. A better seat at the table. The West has demonstrated all too well how much they control global banking and thats going to change.

Well IMO we've over played our hand with monetary sanctions. You can only play that hand so much before it loses it's effectiveness and then essentially drives people away from the very thing you need. The US needs people to participate in using the USD as global reserve currency and Petro dollar yet we use it as a weapon to exert our influence on others and other countries have had enough and don't want to play that game anymore. We are cutting our own nose off to spite our face in unintended consequences because out country is run hy morons who never accomplished anything outside of bureaucracies.

 

[Drinkthekoolaid]

Based on the BRICS conference it now looks official.

Saudi Arabia, Iran, Argentina, Egypt, Ethiopia, and the United Arab Emirates (UAE) will become full members of BRICS on January 1st 2024. All totaled, BRICS nations will control eighty percent (80%) of Global Oil and Gas production.


This will lead to ww3 as our idiotic politicians try to stop their personal gravy train of easy wealth from ending.

 

[RedBreast21]

Based on the BRICS conference it now looks official.

Saudi Arabia, Iran, Argentina, Egypt, Ethiopia, and the United Arab Emirates (UAE) will become full members of BRICS on January 1st 2024. All totaled, BRICS nations will control eighty percent (80%) of Global Oil and Gas production.


This will lead to ww3 as our idiotic politicians try to stop their personal gravy train of easy wealth from ending.

We are certainly going to see some cozening up to Venezuela and Iraq as they are founding members of OPEC. Libya and Algeria want in and Africa is in turmoil and leaning BRICS.

All this union has to do in sell oil to member states in the union at a discount and in other currencies other than the petro-dollar and it's big trouble for the U.S. dollar. They control our economic fate right now.

 

[Zerex]

War is good, brings needed social change to the world order.

Unintended consequences, are ALWAYS the end result of any un-natural action.


Japans famous co-prosperity sphere, Pacific Cap and Trade and UAE are just a few past attempts....... China is floundering fnancially today, as their real estate market crumbles into bankruptcy and the others are simply shithead grifters..all want dollars.

BRICS nations currently feed off of our financial tit.
We have enough oil and gas to be self sufficient.........so this is all a CCP backed scam to destroy us, not on the merits but on total greed for power and money...Same old Story.

There is no morality or ethics in BRICS are they are disposable, wanna be immigrants to the USA anyway.

 

[RedBreast21]

War is good, brings needed social change to the world order.

Unintended consequences, are ALWAYS the end result of any un-natural action.


Japans famous co-prosperity sphere, Pacific Cap and Trade and UAE are just a few past attempts....... China is floundering fnancially today, as their real estate market crumbles into bankruptcy and the others are simply shithead grifters..all want dollars.

BRICS nations currently feed off of our financial tit.
We have enough oil and gas to be self sufficient.........so this is all a CCP backed scam to destroy us, not on the merits but on total greed for power and money...Same old Story.

There is no morality or ethics in BRICS are they are disposable, wanna be immigrants to the USA anyway.

And exactly where are you getting this information from?

 

[Drinkthekoolaid]

Just thought I would poke this thread and re evaluate what I thought year or 2 ago.

I thought this was a coming crisis and it's absolutely not slowed down any since I posted it.

I think the west and BRICS are on a collision course.

 

[pshift]

Buy more ammo!

 

[Jmac00]

Just thought I would poke this thread and re evaluate what I thought year or 2 ago.

I thought this was a coming crisis and it's absolutely not slowed down any since I posted it.

I think the west and BRICS are on a collision course.

the collision can be avoided, by electing President Trump.