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BRICS Currency to Benefit Iran, Undermine US Dollar, Euro
MEHR ^ | Jul 9, 2023

Posted on 07/10/2023 2:17:49 PM PDT by nickcarraway

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1 posted on 07/10/2023 2:17:49 PM PDT by nickcarraway
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To: nickcarraway

I am of the opinion that the War in Ukraine is but the first step of the BRICS vs US dollar central banking war.


2 posted on 07/10/2023 2:19:42 PM PDT by taxcontrol (The choice is clear - either live as a slave on your knees or die as a free citizen on your feet.)
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To: taxcontrol

I think when Obama invaded Libya when they were our allies was the first step.


3 posted on 07/10/2023 2:20:40 PM PDT by nickcarraway
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To: nickcarraway

All US commerce to/from must remain in US dollars and we should bar any US company from trading or using BRICS currency. Maybe cut off commerce with any company that uses it period. Kill this now.


4 posted on 07/10/2023 2:21:00 PM PDT by Reno89519 (DeSantis 2024. Successful Governor, Honorable Veteran, Respectful, Respected.)
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To: nickcarraway
The paper currency was never going to last. The temptation to inflate is too great.

5 posted on 07/10/2023 2:22:02 PM PDT by Right_Wing_Madman
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To: nickcarraway

Western sanctions and outright theft are blowing up in the Biden Regime’s face. What an incompetent bunch of assclown fags.


6 posted on 07/10/2023 2:22:24 PM PDT by wildcard_redneck (Biden will mess up the Ukraine worse than Afghanistan.)
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To: Reno89519
"All US commerce to/from must remain in US dollars and we should bar any US company from trading or using BRICS currency. Maybe cut off commerce with any company that uses it period. Kill this now"

Oh yeah! Let's double-down on stupid!

7 posted on 07/10/2023 2:23:42 PM PDT by wildcard_redneck (Biden will mess up the Ukraine worse than Afghanistan.)
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To: nickcarraway
So what? Anyone stupid enough to have “faith” in the BRICS currency deserves what they get in the end.

All currencies have issues, the dollar notwithstanding. It's just the prettiest of all the uglies at present.

Really, who in their right mind would trust anything to do with China, Iran and Russia as far as their currency is concerned? Who cares if it's backed by gold? That means absolutely nothing at present.

Considering how China manipulates their currency, anyone dumb enough to fall for this nonsense will get their just rewards.

The only way this could actually be a problem is if China insisted in having all of their transactions in the “new” BRICS currency. That would be a major issue for the U.S. as decoupling from China will not be something that can happen quickly.

8 posted on 07/10/2023 2:25:54 PM PDT by Pox (Eff You China. Buy American!)
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To: Reno89519

That is very difficult now with US national debt bigger than the next 7 economies combined. Next fiscal year US Treasury will be paying out more to service the debt than defense budget.

Have you ever seen any country or company or individual do well with crazy high debts? Debt works great until the interest payments become unaffordable.


9 posted on 07/10/2023 2:26:25 PM PDT by entropy12 (Career politician DeSantis is there to build wealth. Trump is there to lose wealth to serve people.)
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To: Pox

Decoupling from cheap imports from China will cause much bigger riots by middle class than anything BLM can do.


10 posted on 07/10/2023 2:28:15 PM PDT by entropy12 (Career politician DeSantis is there to build wealth. Trump is there to lose wealth to serve people.)
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To: All

Maybe we should really limit to how many countries we sanction. Plus “asset forfeiture” where the government just steals someones money seems like an overall bad idea.


11 posted on 07/10/2023 2:28:41 PM PDT by escapefromboston (Peace, commerce and honest friendship with all nations, entangling alliances with none.)
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To: Pox
The only way this could actually be a problem is if China insisted in having all of their transactions in the “new” BRICS currency.

And if OPEC demanded the new currency for their oil, not to mention world trade for gas, steel, wheat, and other commodities. Americans have no idea what's coming.

12 posted on 07/10/2023 2:30:49 PM PDT by Right_Wing_Madman
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To: Right_Wing_Madman

The United States holds more than twice more gold than all the BRICS countries combined.


13 posted on 07/10/2023 2:33:22 PM PDT by Round Earther
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To: Right_Wing_Madman

That’s actually not a big deal either. Monetary exchange is the norm even now. What’s not going to be correct is having manipulated currencies being forced upon us at illegitimate exchange rates determined by the CCP, not the market.

That will necessitate the decoupling, and that will take time.


14 posted on 07/10/2023 2:36:43 PM PDT by Pox (Eff You China. Buy American!)
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To: escapefromboston
Maybe we should really limit to how many countries we sanction. Plus “asset forfeiture” where the government just steals someones money seems like an overall bad idea.

When a few select masters were able to block entire countries from international banking, break contracts, and seize assets without due process, an alternate system became inevitable.

15 posted on 07/10/2023 2:37:30 PM PDT by Right_Wing_Madman
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To: entropy12

This has been warned against for decades, but when it truly hits home, it’s going to be ugly for several years.

Trump tried to start us down the correct path, but the left refuses to heed his warnings and is determined to do what is best for the left, the rest of us be damned!


16 posted on 07/10/2023 2:38:14 PM PDT by Pox (Eff You China. Buy American!)
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To: taxcontrol

Flipping the Swift switch sent a message to every country on Earth.
There will be repercussions for years.


17 posted on 07/10/2023 2:39:12 PM PDT by EEGator
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To: entropy12

A few years of hyper inflation will clear up the debt. /s


18 posted on 07/10/2023 2:39:45 PM PDT by Reno89519 (DeSantis 2024. Successful Governor, Honorable Veteran, Respectful, Respected.)
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To: wildcard_redneck

What is stupid about protecting the US, our dollar, and our leading relationship in the world. Or, do you prefer Obama and Biden’s surrender?


19 posted on 07/10/2023 2:40:54 PM PDT by Reno89519 (DeSantis 2024. Successful Governor, Honorable Veteran, Respectful, Respected.)
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To: Reno89519

> All US commerce to/from must remain in US dollars… <

I’m not a fan of even more laws. Anyway, I think if enacted your suggestion would be pretty easy to beat. Just set up a shell company between the US company and the BRICS company. Then even more laws would be needed to investigate the shell companies.

Oh, and what about retaliatory laws other nations might enact?
Kind of a mess.


20 posted on 07/10/2023 2:43:26 PM PDT by Leaning Right (The steal is real.)
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