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Taking out the US dollar, BRICS by BRICS: A new world order comprising 40% of the world's population is cooperating to develop a new global currency to replace the USD
American Thinker ^ | 04/02/2023 | Joe Alton

Posted on 04/02/2023 8:23:14 PM PDT by SeekAndFind

Part of the great devolution of American power is not just related to depletion of military stores and the lack of enlistments for the service, but also our economic power.  The latest monetary threat is coming from both East and West and may be the coup de grâce for the U.S. dollar, which has long been the dominant global currency for international financial transactions.

This initiative is a serious concern for American interests.  The countries in the BRICS alliance have a combined population of 3.1 billion.  That's about 40% of the world's population and 20% of the world gross domestic product (GDP).  China is positioned to be BRIC's de facto leader.

If the proposed BRICS currency manages to replace the U.S. dollar, there would be several potential consequences, which include the following.

The Biden administration's main tool to dissuade the world's bad actors from acting on their baser instincts has been economic sanctions.  A shift away from the U.S. dollar would cost the nation much of its dominance on the world stage and lessen the impact of such sanctions.


(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Russia
KEYWORDS: americahaters; brics; currency; dictatorships; dumponamerica; globalism; itistolaugh; newworldorder; ntsa; policestates; russianfantasies; usdollar; usdollarrules; wontwork
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To: politicket
Pipe dreams...The US dollar index will be strengthening in the months ahead, as it has already done over the last few years.

Some FReepers are still whistling past the graveyard. The six-month forecast for the dollar is fine, but the six-year outlook is terrible. For many, the invincibility of the US dollar has become a tenant of faith, but this belief has helped accelerate the demise of the dollar. In the past three years, the United States has squandered a good portion of the economic goodwill it has accumulated in past 75 years. First, with unprecedented money printing during COVID and then all the broken contracts and asset seizures with Russian sanctions. People will always gravitate to a safer and more reliable financial system. If one isn't available, then they'll create it.

21 posted on 04/02/2023 9:23:14 PM PDT by Right_Wing_Madman
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To: SeekAndFind

BTTT!!!


22 posted on 04/02/2023 9:28:36 PM PDT by musicman (The future is just a collection of successive nows.)
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To: aMorePerfectUnion

I agree....frankly I don’t blame the Brics nations.....the US and its phoney crony capitalism and its corrupt govt do not deserve the respect of the Brics nations.


23 posted on 04/02/2023 9:29:08 PM PDT by cherry
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To: politicket

Sorry for writing War and Peace - but hopefully this helps lay out my thought process of why the US dollar will strengthen and won’t be going anywhere...

**************

Please continue writing your economic War & Peace.

Great posts BTW. Thank you.


24 posted on 04/02/2023 9:47:54 PM PDT by unclebankster ( Globalism is the last refuge of a scoundrel.)
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To: unclebankster
Great posts BTW. Thank you.

Appreciate it...

25 posted on 04/02/2023 9:57:19 PM PDT by politicket
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To: Right_Wing_Madman
People will always gravitate to a safer and more reliable financial system. If one isn't available, then they'll create it.

I believe you're missing the premise that governments aren't running the financial show in the global marketplace - at all.

Leaders can be brought down through actions of those who actually own the power: (the control of the future labor (actions) of others.

It doesn't matter at all what governments want. They are all enslaved to use debt-based money, with the Eurodollar (US dollar used in foreign markets) being the driver.

People with your premise believe that this can change. It can't. Not without it being desired by those who run the show - the international banksters...

26 posted on 04/02/2023 10:02:25 PM PDT by politicket
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To: politicket

[It will make 2008 seem like a calk-walk.]

That’s what I’m afraid of...


27 posted on 04/02/2023 11:06:04 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: politicket

Maybe now “conservatives” will generate an interest in the policies of Lyndon LaRouche, the actual architect of the Belt and Road initiative and the BRICS development bank as competition for the predatory mafia loan shark lending policies of Goldman Sachs & Co. www.larouchepac.com


28 posted on 04/02/2023 11:12:33 PM PDT by Yollopoliuhqui
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To: politicket

Debt free fiat currency system. I like it! Too bad it will never happen unless the current system falls apart.


29 posted on 04/02/2023 11:47:49 PM PDT by dominusobiscum (A Christians true heart can be revealed by how they treat others anonymously on discussion forums.)
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To: canuck_conservative

Seems to me BRICS would be a crap hole country version of the “NWO”....meet the new boss, worse than the old boss....


30 posted on 04/02/2023 11:50:37 PM PDT by dominusobiscum (A Christians true heart can be revealed by how they treat others anonymously on discussion forums.)
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To: politicket
The war on China began with Obama’s “Pivot to Asia”.


31 posted on 04/03/2023 12:39:39 AM PDT by caww (O death, when you seized my Lord, you lost your grip on me......)
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To: Right_Wing_Madman
People still think the war in Ukrain is about Ukraine...it wasn't and never will be....


32 posted on 04/03/2023 12:51:12 AM PDT by caww (O death, when you seized my Lord, you lost your grip on me......)
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To: politicket

The uniform commerce code that gives the federal reserve the only authorized digital currency was the assed easily even in red states.
We are about to see what it is like to live in China or Japan 40 years ago.


33 posted on 04/03/2023 1:47:53 AM PDT by momincombatboots (BQEphesians 6... who you are really at war with)
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To: Wayne07

Great recap


34 posted on 04/03/2023 2:32:18 AM PDT by silverleaf (It’s not propaganda just because you disagree with it. )
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To: politicket

Agree. Sad to see such nutbaggery at what was formerly a decent conservative website like American Thinker.


35 posted on 04/03/2023 2:55:17 AM PDT by lodi90
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To: politicket

Yep and many of them want to go digital because it will be easier for them to rob the people of the fruits of their labor.

https://cbdctracker.org/news


36 posted on 04/03/2023 5:15:11 AM PDT by Pollard ( >>> The Great Reset is already underway! <<<)
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To: dominusobiscum
Debt free fiat currency system. I like it!

Exactly. It's not the "fiat" money that's the problem.

It's that it's debt-based and are claims against promises of future labor.

"Promises" can be made in enormous amounts.

Instead, the Treasuries of the respective countries could issue the money supply against the "completion of labor".

In other words, the only way money could get from the treasury into the economy is through things like public-works projects.

The amount of money that could be injected would be limited by the ability of the labor to be completed. No completion. No payment and injection of money.

There would be no more "promises" of future labor.

No more indentured servitude of those upon who the promises are made.

37 posted on 04/03/2023 9:54:22 AM PDT by politicket
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To: caww
The war on China began with Obama’s “Pivot to Asia”.

China is just a "factory" nation - as are all of the BRICS nations.

China's economy lives or dies based on the purchase of its exports. They need us way more than we need them...

38 posted on 04/03/2023 9:56:07 AM PDT by politicket
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To: Pollard
Yep and many of them want to go digital because it will be easier for them to rob the people of the fruits of their labor.

EXACTLY!!!

People need to realize that we still have a system with fiat money that could change into one of "completed labor".

It would take our Treasury being the issuer of our money supply, without being tied to any bond auctions, etc.

We already do have a segment of our money supply that is "completed labor" based....coinage. All of our coins are issued from the Treasury, and sit on the opposite side of the Fed's balance sheet from currency.

If everything goes digital then there will be no more ability to move away from debt-based money. Even coinage will no longer be "completed labor" based, since it wouldn't be needed anymore.

Digital money would be the ultimate grab of POWER (defined as having the "claims" that control the "future labor a.k.a. actions" of the populace).

39 posted on 04/03/2023 10:02:21 AM PDT by politicket
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