I Took Another Look At BRICS And It's EXACTLY What I Thought...

You tube ^ | 11 Oct 24 | Lynette Zang

[delta7]

In today's live we are going over the BRICS and what it really means to have a "GOLD BACKED" not "GOLD PEGGED" currency!

[delta7]

What we know about the upcoming Brics Summit. Will it be a nail in the USD coffin?

[GOPJ]

https://freerepublic.com/focus/f-news/4270545/posts

TO UNDERSTAND THE INCENTIVE PATTERNS that are creating the problems undermining our reserve currency standards - - the above link is a ‘must read’...

[BobL]

“In today’s live we are going over the BRICS and what it really means to have a “GOLD BACKED” not “GOLD PEGGED” currency!”

That’s why they’ve been going on gold buying binges. As it is, the BRICS meeting will be the start of the replacement of the US Dollar as the Global Currency. Thank you Neocons!

[ifinnegan]

Oh, a Chicom propaganda thread.

I see the usual propagandists to push Communist propaganda.

[canuck_conservative]

Will it be a nail in the USD coffin?

Only in the minds of you Russia cheerleaders.

Simple fact is, there isn't enough gold in the World to fully back any modern currency

But the idea sure manages to fool a lot of gullible people!

[Right_Wing_Madman]

Simple fact is, there isn't enough gold in the World to fully back any modern currency

Canuck stupidity is startling.

[canuck_conservative]

Spare us the petty childish insults, and show us all where I’m wrong (if you can)

You’re just upset because I pointed out an inconvenient truth that you BRICS con-artists don’t want to talk about

[Right_Wing_Madman]

Oh, a Chicom propaganda thread.

Blame FDR and Nixon. They separated the dollar from gold with executive orders.

[Right_Wing_Madman]

Spare us the petty childish insults, and show us all where I’m wrong (if you can)

In a gold-backed system, it doesn't matter how much gold is above ground, moron. One dollar has a claim to whatever percentage of gold is in the government's supply.

[Racketeer]

I almost messed my britches laughing at his “not enough gold in the world” comment.

Waiting for his “Then, where is it” response.

[dadfly]

can we buy brics?

[aMorePerfectUnion]

Simple fact is, there isn't enough gold in the World to fully back any modern currency

Depends entirely on the value of an ounce of gold.

[montag813]

TLDR? I don’t watch grifter videos.

[dadfly]

answered in video. no not yet.

[butlerweave]

BRICS = another Chinese Communist Party’s scam

[citizen]

There “wasn’t enough gold” in 1971 & before, either, but the world ran just fine on the gold standard.

Then, raw greed won out over sensible fiscal policy and gave us....today and all the years in between.

[aquila48]

The most important criteria in determining whether a particular currency is solid is how much trust one has in the government that issues it.

So do you trust the governments of China, Russia, Brazil, india, SOUTH AFRICA (?), more than that of the US, bad as it is?

[sockmonkey]

https://www.rstreet.org/commentary/fifty-years-without-gold/

Interesting read from 2021 on Nixon, Bretton Woods, fiat currency.I remember reading De Gaulle came with a warship to retrieve France’s gold from the federal bank of NY.

[BobL]

“So do you trust the governments of China, Russia, Brazil, india, SOUTH AFRICA (?), more than that of the US, bad as it is?”

It doesn’t matter how much I trust or you trust the US versus those countries, it matters how much they trust each other versus the US.

Right now the US has something like 100 people in our government that spend all of their working hours developing and enforcing sanctions against those countries and about 100 more - by WEAPONIZING the dollar. Something like 70,000 sanctions at this point, and our in the process of STEALING about $300B from Russia.

So who do you think THEY trust?

[canuck_conservative]

The most important criteria in determining whether a particular currency is solid is how much trust one has in the government that issues it

Excellent point, and one that the BRICS-cheerleaders always ignore.

Of course con-artists are going to make it easy to get your money INTO their scheme; but getting your money out is another story.

Get ready for surprise "withdrawal fees", "administrative fees", "safe-handling fees", "foreigner taxes", etc.

Anybody that seriously expects to get all their money back from those thug gangster-governments deserves to lose everything!!