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BRICS and the collapsing Dollar monetary news
08-09-2023, 04:59 PM
(This post was last modified: 08-16-2023, 04:18 PM by Wing-ed.)
As of late Tuesday evening, August 8, 2023, countries expressing their intent to join BRICS account for SIXTY PERCENT (60%) of known global oil/gas reserves. At the very least, this means sixty percent of the worlds oil sales will take place in a currency OTHER THAN the U.S. Dollar, once BRICS brings their new, gold-backed currency to life.
The official announcement surrounding the development of this new currency is scheduled to be made on August 22. The currency is not created yet and is not available yet.
But this change will come like a lightning bolt out of the blue for the Untied States.
As things are right now, ALL oil sales around the world, are done only in U.S. Dollars. So every country that needs oil, or which sells oil, conducts those transactions only in DOLLARS.
That means every country on the planet needs to hold physical dollars in its central bank, so that the country can buy the oil/gas it needs.
Once the new BRICS currency comes online, all those excess DOLLARS being held all over the world, will start to come back tot he United States.
Thus, the value of OUR currency will drop against all those other currencies, because nobody will want or need our DOLLARS anymore.
Now, bear in mind, the US does not manufacture much of anything anymore. We import all our stuff.
So as the value of our DOLLAR falls against foreign currencies, the cost of the things we buy will utterly skyrocket because our currency is worth less and less compared to other country's currencies.
We will see hyper-inflation here in the USA that I suspect could rival the Weimar Republic just before it collapsed.
As of tonight, these are the countries that intend to join BRICS:
COUNTRIES THAT HAVE A DESIRE TO JOIN BRICS
✔Algeria
✔Argentina
✔Bangladesh
✔Bahrain
✔Belarus
✔Bolivia
✔Venezuela
✔Vietnam
✔Guinea
✔Greece
✔Honduras
✔Egypt
✔Indonesia
✔Iran
✔Cuba
✔Kuwait
✔Morocco
✔Mexico
✔Nigeria
✔UAE
✔Tajikistan
✔Thailand
✔Tunisia
✔Turkey
✔Syria
✔Saudi Arabia
✔Ethiopia
Once this gets done, and oil sales begin in the new BRICS currency, the United States will economically collapse and nothing can stop it.
I smell a world war coming . . . .
https://halturnerradioshow.com/index.php...cs-and-oil
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BRICS and the collapsing Dollar monetary news
08-09-2023, 05:02 PM
(This post was last modified: 08-16-2023, 04:17 PM by Wing-ed.)
Moody's downgrades ratings of TEN U.S. banks as economy falters
brighteon.com
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BRICS and the collapsing Dollar monetary news
08-09-2023, 05:06 PM
It will put us back into domestic production of oil.
we'll have gasoline and food ~ we'll survive long enuff to get producing again.
Or...we won't.
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BRICS and the collapsing Dollar monetary news
08-09-2023, 08:51 PM
7 Trends Which Indicate That Economic Disaster Is Approaching Very Rapidly
http://theeconomiccollapseblog.com/7-tre...y-rapidly/ The economic meltdown that is coming should not be a surprise to anyone. Throughout U.S. history, there have always been signs that a major downturn was coming, and that is precisely what we are witnessing right now. Tax revenues are way down, demand for trucking services is way down, demand for cardboard boxes is way down, the money supply is shrinking at the fastest pace in modern history, and the Conference Board’s index of leading economic indicators has already declined for 15 months in a row. At this point, anyone that cannot see what is coming has got to be willingly blind. The following are 7 trends which indicate that economic disaster is approaching very rapidly…
[b]#1[/b] When economic activity slows down, less tax revenue comes in. Right now, federal government and state government tax revenues are declining precipitously…
Quote:US state and local governments just experienced the worst decline in income tax revenues ever recorded.
This was the second steepest year-over-year percentage decline in history, with only the GFC having a worse outcome.
Note that Federal tax receipts are also dropped again, now at recessionary levels and approaching -10% on a YoY basis. SEE LINK for more
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BRICS and the collapsing Dollar monetary news
08-10-2023, 02:11 PM
Yesterday, MSM were saying that the £ isn't holding up against the $.
Some people embraced big pharma to change nature whereas I listened to Jesus and embraced nature to improve the change. The heavenly Father said, "This is my daughter in whom I am well pleased". 18.1.2020.
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BRICS and the collapsing Dollar monetary news
08-10-2023, 02:17 PM
(08-10-2023, 02:11 PM)ELIAKIM Wrote: Yesterday, MSM were saying that the £ isn't holding up against the $.
It's been rallying against the $ for months - recovering from the "mini-budget" disaster that had £:$ = 1:1 = last I saw was 1.37:1...
I do not know everything, I know just enough to know that I know nothing - which is just a little more than those who think they know anything!
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BRICS and the collapsing Dollar monetary news
08-10-2023, 02:55 PM
Taking down the dollar would be equivalent to taking down this country. Let me some communist country be in the big chair.
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BRICS and the collapsing Dollar monetary news
08-10-2023, 02:59 PM
(08-10-2023, 02:17 PM)Munchaab Wrote: (08-10-2023, 02:11 PM)ELIAKIM Wrote: Yesterday, MSM were saying that the £ isn't holding up against the $.
It's been rallying against the $ for months - recovering from the "mini-budget" disaster that had £:$ = 1:1 = last I saw was 1.37:1...
Over here it's prolly 2 to 1 ~ takes two bux to buy what one used to under PDJT.
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BRICS and the collapsing Dollar monetary news
08-10-2023, 04:04 PM
(08-10-2023, 02:17 PM)Munchaab Wrote: (08-10-2023, 02:11 PM)ELIAKIM Wrote: Yesterday, MSM were saying that the £ isn't holding up against the $.
It's been rallying against the $ for months - recovering from the "mini-budget" disaster that had £:$ = 1:1 = last I saw was 1.37:1...
It used to be the case that the dollar was worth less than a £.
On the 10th August, one dollar was the equivalent of 79p sterling.
Some people embraced big pharma to change nature whereas I listened to Jesus and embraced nature to improve the change. The heavenly Father said, "This is my daughter in whom I am well pleased". 18.1.2020.
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BRICS and the collapsing Dollar monetary news
08-10-2023, 04:09 PM
(08-10-2023, 04:04 PM)ELIAKIM Wrote: (08-10-2023, 02:17 PM)Munchaab Wrote: (08-10-2023, 02:11 PM)ELIAKIM Wrote: Yesterday, MSM were saying that the £ isn't holding up against the $.
It's been rallying against the $ for months - recovering from the "mini-budget" disaster that had £:$ = 1:1 = last I saw was 1.37:1...
It used to be the case that the dollar was worth less than a £.
On the 10th August, one dollar was the equivalent of 79p sterling.
You're reading it wrong - I just checked - $1 will buy just 79p...
So £1 will buy you $1.27
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