Posted on 06/30/2024 6:22:51 PM PDT by delta7
Blockchain-based project mBRIDGE will become the foundation for a new, global alternative financial system. mBridge does not support settlements made in U.S. dollars.
Today, Warwick and Lena discussed how project mBRIDGE works, its structure, key stakeholders as well as the benefits that it will facilitate for the global majority. The discussion focuses on the process of de-dollarization, the BRICS+ bloc and the future of payment settlements.
Probably inevitable, but $34 trillion in debt was not.
Letting Saudi abandon the petrodollar was the fire bell.
all U.S. aid to the BRICS+ stops.
All deals with the U.S. must be in U.S. dollars.
or is this not doable ?
BRICS = Brazil + Russia + India + China + South Africa.
None of them need USA foreign aid and probably not getting it anymore. I know India used to get it in 20th century. Now India has 3rd largest economy in world based on purchasing power index.
or is this not doable ?
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Not anymore. Brics plus is 65 plus percent of the world’s population, and holds much of the worldwide commodities and resources. They are now all aligning against the US. We become “ irrelevant “, militarily and financially.
When they stop buying our debt ( bonds and Treasuries- which they are) which finances our government operations, we simply run out of money to operate.
Fact is weaponizing the USD facilitated dumping of the USD. Keep in mind the Brics “ currency “ is to be backed by Gold holdings and a countries natural resources…..and traded instantly digitally, no fees.
This process is spelled out by Brics, two- three years for widespread world use.
Is the USD the deep state’s lifeblood?
The US stopped using the dollar in 1913.
BRICS = Brazil + Russia + India + China + South Africa.
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Plus the almost 50 nations that are applying for membership to Brics. Their Summit is October I think. Our corrupted MSM will no doubt not report much on their plans, progress, and stunning success…..
De-Dollarization is in itself not a bad thing, the world survived fine before US hegemony. How to protect yourself? Do what ALL the world’s Central Banks are now doing: Buying HISTORIC amounts of Gold….if they are, you should to.
Because what everyone wants is to do their business with crap currencies like the Ruble or Yuan or Rupee.
Even in a blockchain format. And saying that it wont settle in dollars just means that the author understands nothing of blockchain or crypto currency.
This is a ridiculous scam.
Bkmk
Simple common sense says that w/o the forced backing of the petrodollar the fortunes of the US of A will be declining, sooner or later.
It will also be a prime reason why the US will continue to gin up war, somewhere, and foment tension by any means possible. A world awash in scared nervousness will move less quickly away from the dollar.
BRICS vs Dollar is the puppet master of the Ukraine / Russia conflict.
thanks all for that .
6 more were invited into BRICS and 4 joined beginning of this year. Iran, Egypt, Ethiopia, and the United Arab Emirates ...argentina then pulled out altogether and the saudis hesitated.
Ethiopia gets mostly economic aid and Egypt receives mostly military aid...and IRAN just keeps getting money.
I’m thinking removing all aid would put the fear in the rest.
or maybe they don’t need the aid anymore?
or our foreign obligations are about 53+ billion...i guess not enough to scare anybody
our exports are greater than 3.5 trillion. Would they stop accepting our exports ?
or can we just join them?
I get it 1913..Fed Reserve Act.
so the dollar as the world’s reserve currency is soon to be toast ?
It happened to the UK and they still thrived.
What does become the reserve currency...gold ?
“When they stop buying our debt ( bonds and Treasuries- which they are) which finances our government operations, we simply run out of money to operate.”
Yes, but we can always print more... and become Zimbabwe.
our government has done this to us
YES. They sure have.
Paybacks are going to be hell.
More:
https://www.youtube.com/watch?v=JjwhZ8fWbcg
BRICS Shocked Dollar by Switching to Gold Reserve: What next?
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The best defense at this point is to follow Brics and their actions. You will know what is best for you as the USD and hegemony declines.
Some will prosper, most will not.
our government has done this to us
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Yes, but getting a clear understanding of events unfolding presents opportunities. Do NOT trust our MSM and their financial wizards, they will deceive you- they are to firmly entrenched in paper, and reliance in our governments “ promise to pay”…..how can our government pay anything with a $35 trillion debt….answer, by issuing out more debt, a Ponzi scheme that has lasted only 50 years ( since 1971).
Pray for Discernment, then all else will fall into place.
This sounds about as reliable as FTX’s crypto currency!
PREDICTION - People will stick with the safe, reliable US dollar, rather than take a chance of losing everything with another hokey tech scam.
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