For the first time in modern history, the US dollar reserve status is being threatened. The axis appears to be BRIC (Brazil, Russia, India, and China).
BRICS TO CREATE THEIR OWN FINANCIAL MESSAGING SYSTEM || INDEPENDENT RATING AGENCY FOR BRICS WILL BE APPOINTED || BRICS TO ACCELERATE WORK ON THEIR OWN PAYMENT CARDS – SILUANOV
I am sure we will warn all parties of seemingly disastrous SANCTIONS should they defy us. You do not go against the interests of the US govt and live to speak about it. This is where we are in the Empire post modernism — lashing out at others who threaten us.
This today from Medvedev:
“The result will be a destroyed world order and extremely heavy consequences for the global economy. It will be clear to everyone that the supposed effectiveness of sanctions is an absolute lie.”
Back in 1999 one Russian predicted these events.
ZHIRINOVSKY 1999 ON NATO
pic.twitter.com/YvtJIeBox5— The_Real_Fly (@The_Real_Fly) April 9, 2022
And in US news:
#BREAKING: The Walt Disney Company needs to "get with it" and cater to a Generation Z that is substantially "queerer" than previous generations, a company executive said in a recent leaked clip.https://t.co/wyZx5le7D6
— Washington Examiner (@dcexaminer) April 8, 2022
You’re all caught up to date. Tomorrow I will do a market related post and plan for next week.
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Brandon and ‘his people’ are literally destroying our nation; midterm elections can not come fast enough!
There is no guarantee they won’t steal this election as there have been ZERO consequences from the last clusterfuck in 2020.
Uniparty
There is no guarantee they won’t steal this election as there have been ZERO consequences from the last clusterfuck in 2020.
Uniparty
I got your ‘swift’ dangling right here pal. You set yourself up for that,
At the moment, this is just hot air.
The real threat to the dollar’s reserve status is de-globalization. Under that scenario there is no need for deep pools of a single, dominant international currency that would be required for international trade and cross-border finance driven by mercantilist government policies and global mega-corps.
We are witnessing the onset of de-globalization but how far it goes one cannot predict. This is governed by chaos theory, I suspect. Right now the proverbial butterfly wings are seeding the vortex.
The world last rapidly de-globalized just prior to WWI. It took that conflagration, a pandemic and WWII with it’s devastating aftermath to reset global integration and make the dollar the world’s unit of international trade.
But that was initially pegged to gold. Gold has a limited supply and could not accommodate economic expansion; therefore that system exhausted itself. It was superseded by the oil-backed dollar and a strategic partnership between the United States and Saudi Arabia.
Now it could be a basket of commodities – some that are not so limited in supply and are renewable – such as agricultural commodities. Will be interesting to watch it unfold.
This could lead to an explosion of commodity production. Possibly leading to precisely the opposite of the so-called ambitions of the Great Reset. Be careful what you wish for, Klaus Schwab.
Historically the world seems to go through these global – local waves over and over again, often with devastating consequences.
We are living through interesting times.
Thanks, Joe Biden, for getting gas prices.down lately.
Thanks for the huge increase in our individual net worth
due to our house value appreciation.
And thanks, Joe, for the 3.6% unemployment, which lets
those in the lower strata who don’t own homes, have all
kinds of good-paying jobs available, Including 100K
per year for driving trucks.