US Dollar may no longer be the global currency

[eyecu2]

China is looking to have global currency despite their manipulation of value...meanwhile the US dollar is at a 4 yellow.

So far China lacks the infrastructure for it being global reserve currency...and lacks full convertibility.

Maybe if dipshit focused on the dollar value vs Whitehouse ballroom's, the Kennedy center or suing the IRS or buying crypto with his kids etc. Imagine how they all knew about buying into Intel or tariff threats and profited.

This administration is most corrupt and has proven to be nothing as a world leader. Still if the USD became a lesser currency..what would happen here. No bonds to buy at 4%, but maybe 6-8%! Precarious stupidity going on

[bambino]

Ya think? I’ve been posting about this for over a year. BRICS started before Trump took office. Yes, the fake, fiat USD will go away. It will replaced by something new. Probably a gold/silver standard. Constitutional money. Russia is already on the gold standard. The world trusts asset backed currencies. Not an unbacked fiat currency. Saudi Arabia didn’t resign the Petro Dollar agreement last year. All fiat currencies die a natural death. The USD is no different. Keep up Eye.

“Yes, all fiat currencies can eventually fail or lose their value, often due to factors like loss of public confidence, excessive inflation, or poor economic management. Historical examples show that many fiat currencies have collapsed or become worthless over time.“

https://www.eccie.net/showthread.php?t=3063822

https://www.eccie.net/showthread.php?t=2975017


https://www.eccie.net/showthread.php...ighlight=BRICS

[bambino]

Countries like Germany, Italy, India, and the Netherlands are repatriating their gold reserves from the United States and other foreign locations due to rising geopolitical tensions and concerns about the security of their assets. This trend reflects a broader movement among central banks to secure physical gold domestically as a hedge against financial instability.
discoveryalert.com.au tavexbullion.co.uk


He who owns the gold makes the rules

[bambino]

https://m.youtube.com/watch?v=AQP1sKXxS70

Maybe

You really need to cure yourself of TDS and educate yourself on what’s really happening in the World. If not, you’re going to get crushed.

[bambino]

1) Between 1974 and the early 1980s, the United States successfully established the petrodollar system through strategic agreements with Saudi Arabia and other Gulf oil-producing nations. This arrangement ensured that global oil trade was predominantly denominated in U.S. dollars, with petrodollar surpluses recycled into U.S. Treasury securities and other dollar-denominated assets.

2) From 2009 to 2012, China accumulated substantial holdings of U.S. Treasury bonds, fueled by its massive trade surpluses and the resulting buildup of foreign exchange reserves in U.S. dollars.

3) Today, China, Russia, and other BRICS+ nations are accelerating efforts to diversify away from U.S. Treasury holdings. They are increasingly allocating reserves to physical gold, silver, and other critical commodities as a hedge against dollar-centric risks and to support broader de-dollarization initiatives.

If I am a sovereign wealth fund manager observing the current market environment, where recent sharp declines in gold and silver prices appear driven by the liquidation of over-leveraged long positions and forced selling; I would view this correction as a compelling opportunity. I would aggressively add to physical gold, silver, and high-quality mining equities, capitalizing on the dip to build positions amid strong long-term structural demand from central banks and geopolitical diversification trends.

#Gold #Silver

[bambino]

Why do you think Trump is securing the Western Hemisphere with all its valuable commodities? Oil, rare earth, gold and silver? Check your TDS at the door. Trump has publicly stated that we’re entering the “Golden age”. If your eyes are open, you can see he draped the Oval Office in gold. He isn’t being coy about it. He’s TELLING you what’s coming.

[jayzee43]

Maybe trump is entering the "Golden Age", because he's a criminal conspirator and grifter the likes of which we've never seen before. He's suing his own IRS, for fuck's sake (which he fitted with loyalist stooges, therefore he's basically converting the IRS into his own personal ATM, and that's just one example).

Almost every other American, however, is entering an age of wild uncertainty and doubt about the future. Nothing is coming for most Americans, other than higher prices and weaker currency. At least not until Der Führer is long gone.

[eyecu2]

Originally Posted by bambino

Why do you think Trump is securing the Western Hemisphere with all its valuable commodities? Oil, rare earth, gold and silver? Check your TDS at the door. Trump has publicly stated that we’re entering the “Golden age”. If your eyes are open, you can see he draped the Oval Office in gold. He isn’t being coy about it. He’s TELLING you what’s coming.

Trump isnt telegraphing anything other than his personal love of adornments in gold and showing off.

That's his shtick .. Giving him credit for a 3d chess move on valuation of gold is just ridiculous. He and his kids put half billion in crypto and are leveraging real estate licensing etc. not purchases in gold unless it's the color of chairs for his bordello ballroom project.

His obsession with Greenland defies common sense and while we have access to covet the land as a military resource, we have zero right to take anything more. Same goes with Venezuela. It's like Exxon and connoco telling Trump that while there is oil there, it's a decade of investment and there is too big of fear from political unrest either here domestically or directly in Venezuela. Next POTUS may just say, nope not investing anything there.

[bambino]

You lost all credibility when you brought up the ballroom. Like WTF does that have to do with anything? Especially the USD. You simply don’t understand what’s been going on in the world for decades. The fiat dollar was designed to fail. To bring us into CBDCs. You’re a debt slave now but don’t realize it. CBSCs would make you a financial slave. Whoever was controlling Joey Bribes was going to force it on us. Trump will bring us back to real money. Gold and silver. You should be kissing his ass.


“On March 9, 2022, President Biden signed Executive Order 14067, which initiated a strategy to explore the development of a Central Bank Digital Currency (CBDC) in the U.S. This order aims to assess the potential benefits and risks of a digital dollar while ensuring responsible innovation in the digital asset space.
Wikipedia icba.org”

You had no clue Bribes did this.

[HDGristle]

I knew. It was fairly well reported and without the crackpot doom and gloom. They even got Yermack to weigh in.

The Fed even put out info about what it was because of the attention.

[bambino]

Originally Posted by HDGristle

I knew. It was fairly well reported and without the crackpot doom and gloom. They even got Yermack to weigh in.

The Fed even put out info about what it was because of the attention.

I wasn’t talking to you. If you knew why didn’t you post about the evils of CBDCs?

[HDGristle]

Originally Posted by bambino

I wasn’t talking to you.

And yet you got me

Originally Posted by bambino

If you knew why didn’t you post about the evils of CBDCs?

Balance and so I don't steal your thunder. School us on the evils, silver sage. Counter that Fed narrative

https://www.federalreserve.gov/centr...l-currency.htm

[bambino]

Originally Posted by HDGristle

And yet you got me




Balance and so I don't steal your thunder. School us on the evils, silver sage. Counter that Fed narrative

https://www.federalreserve.gov/centr...l-currency.htm

You trust the Fed!!!!!!!!! How’s their fiat currency working out? Today it costs 92 fiat dollars to buy one Silver Eagle. 7 fiat dollars to buy one silver dime!!!! And people wonder why things cost so much more now than 1974!!!!! What a sage!!!!!!!

Central Bank Digital Currencies (CBDCs) are often criticized for potentially increasing government control over financial transactions, leading to privacy breaches and monitoring of citizens' spending habits. They may also threaten the stability of traditional banks and create risks of coercion and manipulation by authorities.

I’m not a sage but I’ve been posting about this for over a year!!!!


You have been schooled


Thanks for playing Mr Gristle


BAHAHAHA

[HDGristle]

Very little meat there debunking the Fed's position on CBDC's

[bambino]

Originally Posted by HDGristle

Very little meat there debunking the Fed's position on CBDC's

This is from your friends from Davos. That’s who the Fed really works for. But your naïveté is impressive. Thank God for Trump, he told them to go fuck themselves.


You'll own nothing and you'll be happy" (alternatively "You'll own nothing and be happy") is a phrase published by the World Economic Forum (WEF)[1] and based on a 2016 essay by the Danish politician Ida Auken about a future in which a hypothetical person relies on the sharing economy for many of their needs.[2] The phrase from the article "Welcome to 2030", and the philosophies expressed within it, have been used by critics who accuse the WEF of desiring restrictions on ownership of personal property.