BRICS

[Jester-ND]

Not for nothin, but I did see a hispanic male wearing a BRICS t-shirt when I was purchasing 4th of July fireworks, I found it funny.

[MountainGirl]

I found the earlier BRICS discussion - with Inor's warnings & thoughts.
It's all in the "Best Guess re Cash" thread.

https://theoutdoortradingpost.com/sh...-guess-re-Cash

[Prepared One]

I am no financial genius, but it seems to me most of the world is tired of being controlled by the us dollar. They are tired of being sanctioned by the US every time they don't go along with Washington's dictates. Do some still need to hide behind our coat tails? Yes, but they are looking to get out from under our thumb in some way. India, Russia, and especially China, would love to step into that role. Anyway they can weaken the dollar, and thus, our control and our power, they will do it.

[StratBastard]

It will be very interesting to see how a new gold-backed currency, if embraced globally, might undermine plans for introducing the CBDC.

[red442joe]

It will be very interesting to see how a new gold-backed currency, if embraced globally, might undermine plans for introducing the CBDC.

I can see governments dealing in gold backed currency, yet requiring the peasants to use CBDC's...

Joe

[BucketBack]

Just heard that India is stopping the export of most rice types.India supplies 40% of the world's rice.

Food prices will be on the rise and Buttwiper will raise prices

[shootbrownelk]

I am sure it is because India and China are in a pissing match over a bunch of other stuff (territory, economic competition, etc.). I am also reasonably sure they will work out whatever differences they have before their meeting on 8/20. I am thinking this is more for "show" than actual substance.

But one thing to keep in mind just to keep some perspective...

If you are against "One World Government"/"Globalization"/"World Economic Forum" etc., then BRICS is actually something to be happy about in the near term. Anything that reduces the power of any single superpower (the U.S. included) is a good thing. Of course, I would prefer that China and Russia were not allied in this, but that is still a hell of a lot better than China, Russia and the U.S. all being allied. So I look at it as "half a banana is better than none".

That's what she said.

[MountainGirl]

Just heard that India is stopping the export of most rice types. India supplies 40% of the world's rice.

Food prices will be on the rise and Buttwiper will raise prices

Add that to Putin halting Ukraine grain exports (and blowing up grain depots) - and prices are really gonna fly.

[Box of frogs]

Location
Out in the woods
Posts
707

Ranks Showcase
Interactor

Post starter

Total Ranks: 2

Thanks
1,927
Thanked 2,264 Times in 647 PostsFeedback Score
0
Quote Originally Posted by Inor View Post
We will have some direction to a lot of your questions in August. That is when the BIRCS people have their big powwow. If they really do come up with some kind of combined currency backed by a basket of gold and oil, it could get real interesting.



I think Brazil and China hold that back.
Isn’t China the superpower of currency manipulation and Brazils economy was in the toilet 5 years ago and is barely hanging on to the rim currently.
I’m not even sure how S.A. got included in the conversation with the other countries other than their mining exploration.

I’d be hesitant to rush into any new world currency where China and Brazil had any influence.
Maybe I don’t understand the situation with BRICS well enough.
BoF

[Box of frogs]

We talked about BRICS here very briefly

https://theoutdoortradingpost.com/sh...565#post254565