A hub for independent voices and hard truths
Ray Dalio says the United States is going to have a debt crisis. "There are two ways to conquer and enslave a country. One is by the sword. The other is by debt." – John Adams The bill always eventually gets paid one way or the other. — Gold Telegraph …
via Matthew Piepenburg: In many recent articles and interviews, I’ve warned that Powell’s “higher for longer” war against inflation will actually (and ironically) lead to, well… greater inflation. That is, the rising interest expense (nod to Powell) on Uncle Sam’s fatally rising 33T bar tab will inevitably need to be paid with an inflationary mouse-clicker …
Move Towards Establishing A Single Currency – Countries set to join the economic alliance: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE), which would take effect January 1st, 2024. https://www.defconalerts.com/p/six-new-members-to-join-brics-move h/t Remedial_Rebel
One of the possible options for the appearance of the banknote of the BRICS currency pic.twitter.com/amJ2QOSKIg — Sprinter Press (@SprinterPress) September 6, 2023 Thus the other side of it.. pic.twitter.com/zzRgdtUfO6 — BaShona. (@BaShonaBaShona) September 6, 2023 Obviously a mock up with a serial number of 00000 BRICS currency note 👇 …
The group can bypass the dollar, chipping away at Washington’s economic dominance, Marjorie Taylor Greene has said As BRICS gains momentum, the US economy becomes weaker because the members of the grouping can circumvent American sanctions and trade in their own currencies, Republican Representative Marjorie Taylor Greene said on Thursday. …
"This expansion raises not just economic and geopolitical issues but also institutional ones, including implications for a G20 that has been struggling in recent years," said Mohamed El-Erian, chief economic adviser, Allianz. Winds are shifting. https://t.co/aHNhPt3YW4 — Joetorch (@Joetorch1) August 29, 2023
You might have heard about the latest ridiculous restriction the Bureau of Ocean Energy Management (BOEM) of the Biden Administration laid on the oil and gas industry in the Gulf of Mexico. If you haven’t, here’s what they did… Under the NTL issued Monday, BOEM created a vast new protection …
All that oil no longer in dollars between BRICS members. They won’t need to buy dollar for oil.US Dollar days are numbered. Don’t expect media to inform you on this. Get into hard assets now! Watch for diversion events in media and politics this Sept and Oct. Johannesburg, South …
This development isn’t even reported in main stream news today but it is huge for the dollar. You can bet that once the western nations get over the “major” news of the day ( Republican debate), this will register. One of the major reasons the U.S. dollar became the world’s …
via Mike Shedlock: BRICS+ is set to expand. Let’s discuss the hype regarding an alleged reshuffling the world order. Push to Reshuffle World Order Reuters reports BRICS Welcomes New Members in Push to Reshuffle World Order The BRICS bloc of developing nations agreed on Thursday to admit Saudi Arabia, Iran, Ethiopia, Egypt, …
New composition of BRICS will control 80% of world oil production With the addition of Saudi Arabia, the United Arab Emirates and Iran to the BRICS, the Union will be able to control the lion's share of the world's oil production. The same goes for the sharp GDP growth of …
by DAVID HAGGITH Xi did not even show up to his own keynote speech, and everyone downplayed Brazil’s notion of a BRICS currency … even Brazil! First let’s talk about the US economy because financial writers are still misunderstanding where the true fault lines are, even as the pressures keep …
It’s Official: 🇦🇪🇸🇦🇮🇷🇦🇷🇪🇬🇪🇹 The UAE, Saudi Arabia, Iran, Argentina, Egypt, and Ethiopia have received an official invitation to join the BRICS bloc. Their membership will begin on Jan 1, 2024, said South Africa’s head Cyril Ramaphosa. pic.twitter.com/9HPrRyvV38 — 🅰pocalypsis 🅰pocalypseos 🇷🇺 🇨🇳 🅉 (@apocalypseos) August 24, 2023
via WSJ: Russia and China used a summit of countries known as the Brics this week to air their grievances against Western powers, present themselves as defenders of developing economies and set out the case for an alternative international order.
(Kitco News) – Despite the recent selling pressure, analysts note that the gold market is holding up remarkably well, given that bond yields have risen to a fresh 15-year high. Overnight, the yield on U.S. 10-year bonds pushed to 4.36%, its highest level since late 2007. Analysts note that the …
by Chris Black With the sanctions on Russia, the United States succeeded in turning virtually the whole world against it. Everyone is worried they are next. ⚡️🇷🇺Russian Foreign Minister Sergey Lavrov arrived in South Africa, where he will take part in the BRICS summit pic.twitter.com/RhjUt9jYUL— Zlatti71 (@Zlatti_71) August 22, 2023 …
China urges Brics to become geopolitical rival to G7 h/t by Creative-Criticism62
by Chris Black There is a new world rising. The Americans want to force their value system on other people. That is their prime agenda. Most countries just want to make money, and don’t care about f… Continue reading by subscribing.
BRICS Expansion: Who’s in the Lineup? One of the world’s newest economic alliances is gaining momentum as BRICS – comprised of original members Brazil, Russia, India, China and South Africa – boast of a potential 40 countries that are looking to join the conglomerate. With just their original members, BRICS …
Let’s see what happens. Muammar Gaddafi and Saddam Hussein didn’t fare too well when they bucked the system. Maybe this is the underlying reason for World War 3. BRICS payment system will replace SWIFT in new ‘non-Western world’ – AFROCOM head The continent will be part of a multipolar world …
by Michael Is the global dominance of the U.S. dollar in danger? In recent weeks, there has been lots of speculation about the introduction of a new BRICS currency that would be backed by gold. In this article, my goal is to sort through what is true and what is …
Discussing the expansion of BRICS to BRICS+ is currently underway and could be decided in the next summit on August 2023. The countries that have shown interest in joining BRICS are: Algeria Argentina Bahrain Egypt Indonesia Iran Saudi Arabia United Arab Emirates Afghanistan, Bangladesh Belarus Kazakhstan Mexico Nicaragua Nigeria Pakistan …
by Chris Black Dollar bros, I don’t feel so good. What will the US do to try and prevent this from happening? Here’s a hint: dying empires always start wars. BRICS countries planning new Gold-Backed currency https://t.co/PQAZynwVUr— Yves Pozzo di Borgo (@YvesPDB) July 14, 2023 Continue reading by subscribing.
It's Official China confirms BRICS currency plan – A common BRICS currency will be on the agenda in Johannesburg – Saudi Arabia is among the many countries that have applied to join BRICS or expressed interest in doing so Zhu Tianxiang, director of the Institute of Foreign… https://t.co/K2GMK2Sk9l — Willem …
by confoundedinterest17 Bidenomics relied of massive Federal spending thanks to Covid and massive monetary expansion. This led to the highest inflation in 40 years (Bidenflation). But now The Fed is slowing M2 Money growth into negative territory and hiking their target rate. The result? Bank credit growth has crashed to …
by Martin Armstrong The goldbugs cling to everything they can to promote gold at the destruction of the dollar. They are pushing the idea that China, Russia, and other BRICS countries are developing a dollar alternative. The truth of the matter is that is more fiction. Even India’s foreign …
“Macron expressed interest in France joining BRICS, 2 weeks later his country burns. How long before he’s replaced with someone more favorable towards US/NATO foreign policy.” https://twitter.com/_/status/1675038562406789120 France's public debt has exceeded 3 trillion euros, having increased by 638.5 billion euros in three years. No wonder Macron is desperate to …
by Chris Black Macron is something of a wildcard, and I can bet that the banker elite regret installing Macron to keep Marine Le Pen out. For whatever reason, Macron is more independent. Or maybe he’s… Continue reading by subscribing.
via James Rickards I recently revealed that the so-called “BRICS+” countries will announce the creation of a new currency at its annual leaders’ summit conference on August 22–24. This will be the biggest upheaval in international finance since 1971. It’s taking direct aim at the dollar. Quite simply, the world …
