Posted on 04/02/2023 8:23:14 PM PDT by SeekAndFind
BTTT!!!
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.
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...
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Please continue writing your economic War & Peace.
Great posts BTW. Thank you.
Appreciate 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...
[It will make 2008 seem like a calk-walk.]
That’s what I’m afraid of...
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
Debt free fiat currency system. I like it! Too bad it will never happen unless the current system falls apart.
Seems to me BRICS would be a crap hole country version of the “NWO”....meet the new boss, worse than the old boss....
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.
Great recap
Agree. Sad to see such nutbaggery at what was formerly a decent conservative website like American Thinker.
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. 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.
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...
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).
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