BRICS Currency to Benefit Iran, Undermine US Dollar, Euro

MEHR ^ | Jul 9, 2023

[Leaning Right]

> I think that “audit” was just a bunch of press going thru one or two of the rooms at Fort Knox, to get a few pictures. <

I believe that was in 1974. The 1953 audit was supposedly a true audit. I say “supposedly” because there were no independent observers. So who knows what the government inspectors were actually doing.

They could have been carefully examining each bar. Or they could have been spending their days drinking coffee in the basement and playing gin rummy.

[Round Earther]

“I’d prefer to not have dollars NOR rubles.”

But in your own words, you said that “BRICS is ramping up.”

If BRICS is ramping up, why not have all your assets in a BRICS currency and have it all in a Moscow or Cape Town based bank?

All those metals are a drag to lug around and tend to be hard to explain at border crossings.

[Republican Wildcat]

Allies is going way too far. However, they had indeed flipped and fully opened themselves up diplomatically after the Iraq War and gave up their WMD.

WMD Breakthrough: Post-Iraq, the world's proliferators are on the run

[cgbg]

“Maybe cut off commerce with any company that uses it period. Kill this now.”

Don’t forget to open up a military invasion on five fronts.

We need to make the world safe for perverts!

;-)

[Reverend Wright]

Sure, if America was a God-fearing nation, with a competent leadership who cared about the population they ruled - all that and more could happen.

But neither of those things are true - especially amongst the elites, and rapidly spreading to all but a remnant of the population.

Until that changes, the USA is just going to go down and down and down and down, as well as doing color revolutions to any country in the West that tries to fix itself.

[escapefromboston]

So did the Western Oligarchs do it on purpose to destroy the dollar or are they just dumb?

[Right_Wing_Madman]

you are claiming that there is only paper based currency and gold-backed currency.

Historically, these have been only two types of currencies.

1. A "paper-based" currency is one whose money supply is determined by a king, treasury, legislature, or bank and has no limits to its supply.

2. A "gold-based" currency whose money supply is tied to actual physical gold. Of course, you don't have to use gold. You can use queen conch seashells, as long as its supply is limited. But for a number of reasons, people have preferred gold as the monetary base in the past 5,000 years. Cryptocurrencies, whose supply is limited by its code, may be used sometime in the future.

Clearly, there are currencies that don't fall in either camp.

Which ones? To my knowledge, all countries in the world right now use a paper currency.

I think you are jumping to a huge conclusion that BRICS countries are going to have a gold-backed currency, despite what they say. I don't think it's as easy as you think.

And it's not as difficult as you think. The United States and Europe exclusively used gold-based currencies from about 1700 to the 1930s.

But your implied belief that all the countries besides the U.S. are infallible, honest, ethical, trustworthy, and are without a myriad of other problems is where you lose me.

If the new currency is a sham, people will abandon it. You can't fool people when it comes to money.

[KC_Conspirator]

This is the Biden administrations fault. They rig elections in Brazil and because orange man bad or something and this stuff happens

[himno hero]

It wasn’t a surrender, it was a planned and intentional destruction of America.
Ever hear the Marxist muslim chant “death to America”?
It’s the obamanites mantra.
They control the White House

[Right_Wing_Madman]

So did the Western Oligarchs do it on purpose to destroy the dollar or are they just dumb?

They were dumb, with a mix of hubris and incompetence. And blame Joe Biden most all of all. The majority of people in the US Treasury (and the Federal Reserve) opposed sanctions on Russia - they saw all the problems it would cause for the US dollar - but Janet Yellen told them to shut up.

[escapefromboston]

Probably thought Russia would collapse over night with the sanctions I guess.

[himno hero]

I dunno, let’s ask an expert.
Let’s call Valerie Jarrett.

[DUMBGRUNT]

—”Given the currency controls currently enforced by the BRICS most significant members,”

Currency controls?
That is being very diplomatic and polite on the subject.

[BobL]

“BRICS Currency to Benefit Iran, Undermine US Dollar, Euro”

This, coupled with hormone-driven hatred in a handful of high-level people, is why the Democrats WILL NOT let go of Ukraine, regardless of how many deaths they’re responsible for.

If BRICS is not stopped, the US will be POWERLESS to force countries using that currency to listen to us, and about the only countries that will still have to lick our feet will be our puppets in the West...until they figure out that they, too, would be better with BRICS.

[caww]

I see a window for Intrnational One World digital currency possible sooner rather than later if Brics pushes to hard and fast - would naturally stop them in a round and about way I suspect????

[eyeamok]

BRICS will benefit every country that joins and sticks with it, The USA will be the big loser thanks to the actions of the Money Changers.

[entropy12]

Simple answer is no. The size of debt is such that dollar going down on par with Mexican Peso is inevitable,

Only unknown is WHEN!

With republican takeover, the dollar descent will be slower, compared to Democrats in full control. That is all I can say for sure.

[82nd Bragger]

Thx for sharing.