And growing.
FED Bankster fiat dollar is very close to the end of its long history. Piss be upon it. See N.E.S.A.R.A. (National Economic Security and Reformation (i.e., Recovery) Act)
What the Ukraine-Russia situation is really about.
Well, I need some dollars.
0% for The Big Guy...
Sweet. Add India to the US sanctions list.
And start by cutting of their long-distance telephone access!!
Looks like Joe "King Puppet" Biden has sh@t the petrodollar reserve currency bed!
He's "moved" on from movements into his own adult diapers to the world currency stage.
I recall first hearing about the BRICS plan somewhere around 2006, after GWB visited India for several days.
Some said Saddam Hussein also wanted to drop usage of the US Dollar as his commerical currency. “They” also said this goal of Hussein was one of the main reasons he was removed from national leadership and later put to death.
Same reasons that his two crazy sons, Qusay and Uday were killed during that final shootout in the city of Mosul.
In 2022, both Argentina and Iran confirmed their attendance at the 2022 BRICS summit upon invitation by host nation China, and applied to join the bloc as full members.[69][70]
4 countries being Bangladesh, Egypt, the United Arab Emirates and Uruguay have become members of the New Development Bank as operated by the BRICS.
In addition, 10 countries being Algeria, Indonesia, Mexico, Nigeria, Pakistan, Saudi Arabia, Sudan, Syria, Turkey and Venezuela have expressed interest in membership of BRICS.[71][72][73][74]
https://en.wikipedia.org/wiki/BRICS#Member_countries
Well, we had a good run.
For all the faults of the Federal Reserve, the US Dollar is far more stable than the Rupee or the Ruble.
📂
We don’t need to outsource jobs to India either.
China moving to no cash purchases anyway,,transactions done thru cell phone. Wonder if that is part of the plan for BRICS? Maybe so.
Brazil, Russia, India, China and South Africa.
And this is why we are on the precipice of WW3.
[BRICS+ accounts for 40% of the world’s population, 25% worlds GDP.
And growing.
FED Bankster fiat dollar is very close to the end of its long history. Piss be upon it. See N.E.S.A.R.A. (National Economic Security and Reformation (i.e., Recovery) Act)]
The principal reason they don’t want anyone hoarding their currencies? It causes their currency valuations to go up, which in turn results in their exporters becoming less competitive. Net impact being massive trade deficits of the kind the US is running. That, ultimately, is why the dollar is the reserve currency of choice among the major developed country currencies - the US doesn’t actively impose costs on the people hoarding the dollar.
Now, the US dollar’s dominance in international trade isn’t just the result of the nation’s relatively laissez faire attitude towards dollar hoarders. Another reason is the US’s significant role as a major international provider of goods and services. Pfizer, J&J, Coca Cola, McDonalds, Microsoft, Google, Intel, Qualcomm, Apple, Boeing, Procter and Gamble and Caterpillar are just a few of the household names in Russia and India with few comparable Russian or Indian counterparts in the US.
Soviet propaganda made the dollar out to be some kind of yoke around the necks of the people who hoard it. That’s the beauty of Russian agitprop - to its audience, its asylum-grade insanity can’t possibly be a lie. Here’s the reality - in real life, people don’t hoard rubles or rupees - they hoard dollars. Not because they like Americans or America, but because in real life, Russia and India are just backwater economies run by morons who think the sun shines out of their rear ends.
The history of Russian and Indian exchange rates makes the dollar look like a summer breeze compared to a raging tornado in the midst of an earthquake.
https://en.wikipedia.org/wiki/Soviet_ruble#Exchange_rates
https://en.wikipedia.org/wiki/Russian_ruble#Exchange_rates
https://en.wikipedia.org/wiki/Exchange_rate_history_of_the_Indian_rupee
And the Dow futures are already down another 300 points, after a 1,000 pt nosedive on Friday. Black Monday?
“BRICS: Russia & India No Longer Need U.S. Dollar”
Take that, Putin!!!
“FED Bankster fiat dollar is very close to the end of its long history. Piss be upon it.”
It’s going to sting the US, but we had options that would have kept the dollar as king of the hill for, probably, another 20 years, such as letting Russia clean up its backyard.
We chose badly.
So here’s the killer for us: Not only are dollars no longer needed here, the end of SWIFT means that the United States will be TOTALLY BLIND as to transactions being made around the world. So, for this case, India can sell Russia whatever the hell it wants, sanctions or not, and we won’t have a CLUE as to what is going on between them.
All I can say is that if Putin knew how well things would go for Russia after taking Ukraine, he would have done it a decade ago.
ya... after how many hindus have come and gone and are still presently here on HB1 Visas collecting our money??... fkn get rid of them all if they dont want our dollar!!
Fed.gov just STOLE $300 billion of Russia’s reserves.
Maybe Russia shouldn’t have invaded Ukraine
Maybe Russia was stupid for keeping reserves in US$
Maybe its the USA’s currency and they can do whatever they like.
Maybe all true - but regardless, it all proves without a doubt - use the US$, and you are under the thumb of US Fed.gov policy and strategic goals.
So OF COURSE other nations are going to seek alternatives.
“no longer need the U.S. dollar”
…But they sure still want US dollars.