I dont believe this is about competition. BRICS doesnt seek to replace the west's system. it seeks to protect itself from western malpractice by creating a system that treats everyone with parity. Theoretically, there should be no refusal of entry to any country from participating in the BRICS alternative system, provided they play by the rules, not hegemoinc rules. That comment applies mainly to the US the EU and the UK all of whom, at one stage or another, have used the financial system to their advantage at the expense of the rest of the world. I suspect none of these three financial blocks would be allowed in without proof of good intent. This is unfortunately how suspiciously we are seen today, and with good reason.
the abuse of hegemonic status yes was abused. BRICS countries are not above abusing every situtation they can, let's not pretend. Everyone is promoting and motivated by their own self interests Geopolitically and that goes for the individual too. It's the world we live in today.
both the DOLLAR AND THE BRITISH POUND in there glory days used to mimic the proposed brics system in the fact they were both redeemable for weights in gold and silver , lets hope we dont .f ....k this new reset up by counterfeiting it away again
ASEAN is a very good example of what is intended in the alternative system that is being developed. More than 140 countries now comprise the BRICS group. Numbers dont lie....it would appear that 75% of the nations on this earth have bailed out of a system where only one nation always wins simply because it has historically had the biggest gun. Furthermore all 140+nations agree that self interest is part of the BRICS trading system. Self interest does not mean "zero sum". The international rules based order is failing because it is not in the interests of 140 nations to follow those rules. It is clear that president Trump intends to escalate this stand off against 3/4 of the world, which goes beyond self interest and into the realm of conflict. So far, only sophisticated western propaganda has prevented the G7 from getting a much needed reality check that would otherwise compel it to consider if its strategy is appropriate.
DO YOU MEAN THE US gold holdings that have not been audited for 50 years ??? capitulation of the dollar , would mean the fed would have to SELL TREASURIES and buy gold in the bricks system to back the dollar , and who is going to want or trust US treasuries in the future at there present NON productive overpriced value
I don’t believe Trump would allow an audit of U.S gold holdings to show up empty handed. U.S seems to be buying gold along with other central banks as we go towards a gold backed multi-currency system.
“I don’t believe Trump would allow an audit of U.S gold holdings to show up empty handed”. Have you considered that why one has not been carried out? Thats just another one of his empty promises. You just inadvertently answered your own question. 😁. Above you suggest the BRICS are not beyond exploitation? that used to be known as “CO-OPERATION” until the USA turned everything to shit and once gain…you answered your own question; thats why the world is voting with its wallet and its conscience becuase they are sick to the back teeth of the USA, bombing, killing, bullying and generally being cuntish and want to get the fuck away. And the more people want to quietly leave the party, the more Trump and your gun-boat diplomacy” force people to dance to thier tune. It wont work. The USA is seen as a Pariah State. I was reading Yesterday, China has kicked the USA out of Africa and dominated that most under-developed continent. They have not done that by force, or by selling Africans dodgy drugs..they have done it because THEY WANT CO-OPERATION and Joint Ventures. When has China declared war on anybody? And Russia? How many people did the USA kill in Libya, Iraq, Afghanistan, Lebanon, Gaza, Yemen, Syria? 10 million? 15 Million. thats fucking REAL Holocaust. Is it any wonder people just want to have nothing to do the the USA?
Everyone promotes their own self interests. U.S is no different than China/Russia or anyone. I'm not defending U.S foreign or trade policies. just stating the obvious. Your criticisms are way over the top. Don't bother responding i'm not interested
Definitely the sort of thing a sane leader jokes about. Only 5% of Americans have passports. They have no idea of how this chaos is viewed elsewhere. After 4 years of Biden and multi-billion dollar corruption, a gay Army, and a policy that caused Russia and China to get married it’s understandable that the average American is on the KoolAid and thinks this is normal.
When China places gold into "The Vaults" I wonder who is going to assay the bars to assure they are not tungsten like all the other ones the CCP sells to the public.
Kind of makes the delay in Basel III implementation meaningless.
Now that the US has lost its last AAA rating , not that these rating agencies are independent and respected, and the FED is about to lower the SLR allowing banks to hold more notes of confiscation as the east are shedding UST's replacing them with gold. I would think as the bank ust holding increase we will see rating declines of these banks. Seems like the old adage, "bite your nose off to spite your face" would be applicable to the banks of the west.
If U.S Treasury also revalues gold holdings to spot (real possibility) the U.S balance sheet is shored up and ready to compete with BRICS..
I dont believe this is about competition. BRICS doesnt seek to replace the west's system. it seeks to protect itself from western malpractice by creating a system that treats everyone with parity. Theoretically, there should be no refusal of entry to any country from participating in the BRICS alternative system, provided they play by the rules, not hegemoinc rules. That comment applies mainly to the US the EU and the UK all of whom, at one stage or another, have used the financial system to their advantage at the expense of the rest of the world. I suspect none of these three financial blocks would be allowed in without proof of good intent. This is unfortunately how suspiciously we are seen today, and with good reason.
the abuse of hegemonic status yes was abused. BRICS countries are not above abusing every situtation they can, let's not pretend. Everyone is promoting and motivated by their own self interests Geopolitically and that goes for the individual too. It's the world we live in today.
both the DOLLAR AND THE BRITISH POUND in there glory days used to mimic the proposed brics system in the fact they were both redeemable for weights in gold and silver , lets hope we dont .f ....k this new reset up by counterfeiting it away again
ASEAN is a very good example of what is intended in the alternative system that is being developed. More than 140 countries now comprise the BRICS group. Numbers dont lie....it would appear that 75% of the nations on this earth have bailed out of a system where only one nation always wins simply because it has historically had the biggest gun. Furthermore all 140+nations agree that self interest is part of the BRICS trading system. Self interest does not mean "zero sum". The international rules based order is failing because it is not in the interests of 140 nations to follow those rules. It is clear that president Trump intends to escalate this stand off against 3/4 of the world, which goes beyond self interest and into the realm of conflict. So far, only sophisticated western propaganda has prevented the G7 from getting a much needed reality check that would otherwise compel it to consider if its strategy is appropriate.
DO YOU MEAN THE US gold holdings that have not been audited for 50 years ??? capitulation of the dollar , would mean the fed would have to SELL TREASURIES and buy gold in the bricks system to back the dollar , and who is going to want or trust US treasuries in the future at there present NON productive overpriced value
I don’t believe Trump would allow an audit of U.S gold holdings to show up empty handed. U.S seems to be buying gold along with other central banks as we go towards a gold backed multi-currency system.
“I don’t believe Trump would allow an audit of U.S gold holdings to show up empty handed”. Have you considered that why one has not been carried out? Thats just another one of his empty promises. You just inadvertently answered your own question. 😁. Above you suggest the BRICS are not beyond exploitation? that used to be known as “CO-OPERATION” until the USA turned everything to shit and once gain…you answered your own question; thats why the world is voting with its wallet and its conscience becuase they are sick to the back teeth of the USA, bombing, killing, bullying and generally being cuntish and want to get the fuck away. And the more people want to quietly leave the party, the more Trump and your gun-boat diplomacy” force people to dance to thier tune. It wont work. The USA is seen as a Pariah State. I was reading Yesterday, China has kicked the USA out of Africa and dominated that most under-developed continent. They have not done that by force, or by selling Africans dodgy drugs..they have done it because THEY WANT CO-OPERATION and Joint Ventures. When has China declared war on anybody? And Russia? How many people did the USA kill in Libya, Iraq, Afghanistan, Lebanon, Gaza, Yemen, Syria? 10 million? 15 Million. thats fucking REAL Holocaust. Is it any wonder people just want to have nothing to do the the USA?
Everyone promotes their own self interests. U.S is no different than China/Russia or anyone. I'm not defending U.S foreign or trade policies. just stating the obvious. Your criticisms are way over the top. Don't bother responding i'm not interested
thanks @vbl
this is interesting to me
"mutual hostage taking" sounds clever
will everyone sign up for it?
hah
trump announces he was just kidding about 50% tariffs
just in time for the market open
dxy and 10 year bond still decline tho🤔
“relief rally” in stocks—and silver follows stocks rather than gold!
Definitely the sort of thing a sane leader jokes about. Only 5% of Americans have passports. They have no idea of how this chaos is viewed elsewhere. After 4 years of Biden and multi-billion dollar corruption, a gay Army, and a policy that caused Russia and China to get married it’s understandable that the average American is on the KoolAid and thinks this is normal.
Sharing some info for you and followers:
Gold to replace UST
Revalue Gold to mkt price
USA has much more than 8300
tons
2 dollar system: $1 domestic backed by gold. $1 international payments
Next 12 months major monetary change
HK/China financial system
Any dots to connect with your post?
Info from S hunt
so what do countries that dont have gold do , ?? do they buy it WITH US TREASURIES or do they buy yuan, really good article THANKS
When China places gold into "The Vaults" I wonder who is going to assay the bars to assure they are not tungsten like all the other ones the CCP sells to the public.
What EVEIDENCE do you have that china id spray-painting Tungsten and selling it? Are you serious? Have you been spending too much time on eBay?
Thanks Vince. This is genius - blockchain technology has changed the world!!
Kind of makes the delay in Basel III implementation meaningless.
Now that the US has lost its last AAA rating , not that these rating agencies are independent and respected, and the FED is about to lower the SLR allowing banks to hold more notes of confiscation as the east are shedding UST's replacing them with gold. I would think as the bank ust holding increase we will see rating declines of these banks. Seems like the old adage, "bite your nose off to spite your face" would be applicable to the banks of the west.
La viva gold -
https://u.pcloud.link/publink/show?code=XZYVbS5ZnnWw6xAp454hsoCPuEJl3JaABW9k
Remember Everyone….
No matter how it actually plays out, you heard it from Vince first.
And on a Memorial Day Weekend.!!
What a Star!!👌💪🙏
I wonder if this is related to the ECB paper about an issue with regard to Gold derivatives?