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Thread: BRICS Ditching the Dollar

  1. #1

    BRICS Ditching the Dollar

    Good article:

    "The ability of the world to ditch the dollar will be a major, major change in world economic balance… and a major step forward for world economic freedom."

    http://www.internationalman.com/arti...ing-the-dollar
    "Paper money has the effect to ruin commerce,oppress the honest, and open the door to every species of fraud and injustice"

    ~GEORGE WASHINGTON



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  3. #2
    On Trump:
    How conservative Republicans can continue to support this arrogant imposter—the man who brags about inflicting the world with the Covid mark of the beast; the man who said, “Take the guns first, go through due process second”; and the man who deliberately played and then set up Stewart Rhodes (of course, Stewart was all too eager to be Trump’s patsy) for an 18-year prison sentence—is truly beyond my comprehension.” Chuck Baldwin

  4. #3
    If they need a place to send their unwanted dollars I will gladly take them.

  5. #4
    This has been repeated for at least the last two years; the BRICS currencies and economies are all in the $#@!ter and the dollar keep improving in comparison.
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  6. #5
    Wait can you elaborate.
    Quote Originally Posted by Cowlesy View Post
    Americans in general are jedi masters of blaming every other person.

  7. #6
    Quote Originally Posted by TheCount View Post
    This has been repeated for at least the last two years; the BRICS currencies and economies are all in the $#@!ter and the dollar keep improving in comparison.
    Yes, I agree with that. The numbers, if legit, bear that out.

  8. #7
    How many dollars have the BRICs ditched?

  9. #8
    Came across this interesting gem of info on that BRICs Bank which was supposed to be by-passing the dollar:

    http://www.ft.com/intl/cms/s/0/3c844...#axzz3Ojfz7AZU

    The Brics bank is a feeble strike against dollar hegemony



    The new financial institutions announced by the Brics nations in July – a development bank and an arrangement to share currency reserves – have been compared by many observers to the World Bank and the International Monetary Fund.

    There is no doubt that they reflect frustration in the developing world over governance at the multilateral institutions that emerged from the Bretton Woods summit 70 years ago. These remain dominated by the US and western Europe despite their relative economic decline. In truth, however, the new initiatives break little ground.

    President Vladimir Putin of Russia has said the Brics countries want to end the international monetary system’s dependence on the policy of US authorities. If so, they are off to a poor start. Whereas only 10 per cent of the World Bank’s paid-in capital was contributed in dollars, all the start-up funding for the Brics bank will be in greenbacks, creating new demand for dollar assets.



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  11. #9
    Ya'll need to get out of dream land. BRICS are doing big things. I'm just going to letyuns go, though, and I'll continue to share updates with regard to the real deal in the relevant threads. Zip, I know that you know the ones.

  12. #10
    BRICs made news as doing pretty well when the global economic crisis hit. But since then, they have all been struggling.

  13. #11
    Quote Originally Posted by Zippyjuan View Post
    BRICs made news as doing pretty well when the global economic crisis hit. But since then, they have all been struggling.
    It's what they are doing, Zip. With whom they are aligning. Like I said, that stuff you just can't go Googling. Just have be watchful.

    But, I'd agree. The chase ain't easy.

  14. #12
    Quote Originally Posted by TheCount View Post
    This has been repeated for at least the last two years; the BRICS currencies and economies are all in the $#@!ter and the dollar keep improving in comparison.
    It's strange watching metals rise, oil fall and the dollar rise. I've seen some posit that the dollar has quietly been put back on the gold standard since the start of the year, which would fit with those market movements lately, but of course there's no available proof of that having occurred.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  15. #13
    Can you go to the bank and trade your FRNs for gold coins at face value?

  16. #14
    Quote Originally Posted by Zippyjuan View Post
    Can you go to the bank and trade your FRNs for gold coins at face value?
    A different kind of gold standard than direct redemption, more like a global gold standard. Im absolutely not vouching for that theory but it does fit market movements of late that defy conventional wisdom since the start of the year.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  17. #15
    So foreign companies/ governments can trade dollars for gold with the US government? What sort of "global gold standard" do you mean?

    Is it impossible that markets can go up without any manipulation?

  18. #16



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  20. #17
    Quote Originally Posted by devil21 View Post
    A different kind of gold standard than direct redemption, more like a global gold standard. Im absolutely not vouching for that theory but it does fit market movements of late that defy conventional wisdom since the start of the year.
    Any opinion that defies Zippy defies Conventional Wisdom, and is the way we should all try to think. Conventional Wisdom only benefits the very few at the very tippy top of the 0.001%.
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.

  21. #18
    Quote Originally Posted by Zippyjuan View Post
    So foreign companies/ governments can trade dollars for gold with the US government? What sort of "global gold standard" do you mean?

    Is it impossible that markets can go up without any manipulation?
    Dunno, was just a theory I've seen that may fit. Not my theory personally but it's worth considering. All the gold being amassed in a certain place (where that is exactly is up for speculation...my guess is China....but it would have to be a global bank of some sort, not solely a Chinese bank) is for backing global currencies from a central location, including the dollar. A global gold standard.

    Btw, no one said manipulation. If the theory is correct then movements now would be the most organic they've been in a long time.
    Last edited by devil21; 01-13-2015 at 08:56 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  22. #19
    Quote Originally Posted by devil21 View Post
    Not my theory personally but it's worth considering.
    No, it's really not.
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  23. #20
    This message is hidden because TheCount is on your ignore list.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  24. #21
    TheCount's messages are hidden because devil21's worldview is a fragile house of cards built of conspiracies ranging from ludicrous to merely implausible.
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  25. #22
    Quote Originally Posted by devil21 View Post
    Dunno, was just a theory I've seen that may fit. Not my theory personally but it's worth considering. All the gold being amassed in a certain place (where that is exactly is up for speculation...my guess is China....but it would have to be a global bank of some sort, not solely a Chinese bank) is for backing global currencies from a central location, including the dollar. A global gold standard.

    Btw, no one said manipulation. If the theory is correct then movements now would be the most organic they've been in a long time.
    So all the gold in the world is being sent to China and that is strengthening the US dollar and improving our economy? With the goal of a single global currency backed by gold? Link to this theory?

  26. #23
    Quote Originally Posted by Zippyjuan View Post
    So all the gold in the world is being sent to China and that is strengthening the US dollar and improving our economy? With the goal of a single global currency backed by gold? Link to this theory?
    Hey man, take it for what it's worth to you and leave the rest. I only have a grasp of the theory but it does fit with other developments long underway.

    Not going to link to other forums and discussions for your shill army to mess up.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  27. #24
    Well, thanks anyways. It does sound like gold selling sites.



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  29. #25
    Quote Originally Posted by Zippyjuan View Post
    Came across this interesting gem of info on that BRICs Bank which was supposed to be by-passing the dollar:

    http://www.ft.com/intl/cms/s/0/3c844...#axzz3Ojfz7AZU
    Referencing an FT article. Classic, LOL! Well, what do the Nazi moutpieces have to say?!

    King Dollar Good, BRICS bad


  30. #26
    Criticizing source without challenging what it says. Classic. Can you disprove it? Or not?


  31. #27
    Quote Originally Posted by ctiger2 View Post
    Referencing an FT article. Classic, LOL! Well, what do the Nazi moutpieces have to say?!
    Says the guy who only 6 hours ago quoted Veterans Today.
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  32. #28
    Referencing a VT article. Classic. What does the fiction writer have to say?

    Aren't they the ones that said Israel has a laser armed 707 and that 9/11 was done with a bunch of nuclear weapons?
    Last edited by Zippyjuan; 01-13-2015 at 11:03 PM.

  33. #29
    Gold up $100/oz since Christmas. Looks like a metals bull run is starting.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  34. #30
    Seems to be a couple of reasons for that. One- those who invest in commodities have been doing poorly on energy so some have moved into metals. Two- the Switzerland situation (no longer supporting their currency against the Euro) saw that as possible more instability in Europe and sought more stability in metals (and US Treasuries).



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