According
to state-run Russian Television (RT) -
https://htrs-special.s3.us-west-2.amazonaws.com/BRICS-Gold-Backed-Currency.mp4
- the Russian Government has confirmed Brazil, Russia, India, China
and South Africa, known as the "BRICS" nations, will introduce a new
trading currency backed by Gold.
The official announcement is expected during the upcoming BRICS Summit in South Africa, this August.
If this takes place, it will likely mark the end of "fiat" currencies like the US Dollar, which is backed by nothing.
How fast nations around the world switch to using this new gold-backed currency for their foreign trade, is anyone's guess.
The
more countries that choose to use this new currency, the more
foreign-held US Dollars will come rushing back to the USA from those
countries, which no longer need to hold US Dollars for their foreign
trade. As those Dollars come back to the USA, it will cause inflation
to spike in ways never-before seen here in America.
Many things
that Americans buy and sell in the USA are made overseas. As US
dollars come flooding back from overseas, the value of the US dollar
will plummet versus other currencies, which means it will take many more
US Dollars to buy goods from foreign countries.
Hence, sudden and dramatic inflation will precipitate in the US.
It
is worth pointing out that the US has, on more than one occasion, gone
to actual WAR to stop this exact thing from taking place in the past.
Two recent examples would be Libya and Iraq.
In Libya, Mohamar
Qadaffi wanted to create a gold-back Pan-African currency. Within a
month of his announcement, there were riots and uprisings in Libya that
ultimately resulted in Qadaffi being mobbed and brutally killed in the
streets.
Iraq made a similar effort under Saddam Hussein. He
announced that Iraq would begin selling oil in currencies other than the
US Dollar, which sent the US to Iraq War 2, toppling Hussein from
power. Ultimately, Hussein was found hiding in a hole in the ground,
was arrested, tried, and hung by his neck until dead.
The US
takes it very serious when anyone around the world tries to do anything
that would unseat the US dollar as the world's defacto Reserve Currency.
The
US is already itching to go to war with Russia over the Ukraine
conflict. With RT TV's announcement about a Gold-Backed BRICS trading
currency, it seems logical that the US "gloves" will come off.
If
Russia and the BRICS Nations do what they have announced, it would mean
the total collapse of US world dominance. There are many people inside
the US Government that would rather burn the entire world to the
ground, rather than lose control of it. Put simply, they will stop at
nothing to maintain their financial control power; and will actively,
viciously, brutally, destroy anyone and anything threatening their
power.
This is gonna get ugly.
Anonymous
2 comments:
BRICS launching a new global currency for trade settlement outside of the US$ is timely. Saudi Arabia is raising oil prices in tandem. All this means inflation in the USA is going to spike again. The Fed is having to increase interest rates to squeeze liquidity to save the system. Banks will be affected and businesses will close faster and faster. Yellen would probably have to run to China again.
Life in the USA is really getting tough and intolerable. I just happened to catch a video on Youtube showing thugs raiding a mobile phone shop and snatching expensive items and stuffing them into large bags, as if there is no law against such acts. Business owners are said to be advising security and other staff not to attempt to stop those thugs commiting daylight robbery. Probably insurance will pay for it. Again, other people's money comes in handy.
What is happening in the USA is grotesguely ugly indeed. Crime like this is happening right before people's eyes. The law is nowhere to be seen. I understand that shop lifting of small valued items is no longer a crime in the USA. Neither is sniffing it right in front of police stations. Drug addicts are not afraid, because getting arrested, sent to the police station and are released immediately is just a formality. I don't know why. Maybe it is becoming legal.
And the biggest take away must be the discovery of cocaine in the White House. When asked about this while meeting the press, Joe Biden just gave a long silly smile, unable to answer, and grinning like a Cheshire cat. 'Meow - meaning I'm in it buster. Give me a break will ya!'
India Bully Threaten Bhutan Over Its Border Settlement With China
With New Delhi closely monitoring the Thimphu-Beijing boundary negotiation, India’s top diplomat, Foreign Secretary Vinay Mohan Kwatra on Friday called on Bhutanese King Jigme Khesar Namgyal Wangchuck – not in the neighbouring country’s capital, but in Gelephu, a town near its border with India.
The king was accompanied by Bhutanese Prime Minister Lotay Tshering when Kwatra and New Delhi’s envoy to Thimphu, Sudhakar Dalela, called on him. The meeting took place amid anxiety in New Delhi over Bhutan’s move to clinch a deal with China to settle the boundary dispute between the two nations and the implications of the proposed settlement on the security interests of India.
The 12th meeting of Bhutan-China expert groups on boundary issue was held in Thimphu on May 24 and 25 last and the two sides agreed to implement the roadmap they had agreed at the 11th meeting of the group at Kunming in China earlier. They agreed not only to hold the next meeting of the experts at an early date, but also to resume the stalled boundary talks as soon as possible.
The prime minister of Bhutan had revealed in an interview to a media organisation in Belgium earlier this year that the negotiations between his nation and China to resolve the protracted boundary dispute had reached an advanced stage. Tshering had said that a delegation of the Government of Bhutan had visited Beijing in February, while a “technical team” of the Government of China might arrive in Thimphu soon. He had gone on to say that Bhutan and China might be able to demarcate the boundary between the two nations after two or three more meetings.
New Delhi is worried over the possibility of Thimphu buckling under pressure from Beijing and accepting China’s sovereignty on 269 sq km of areas in western Bhutan in exchange for China giving up its claim on 495 sq km of areas in north-central Bhutan. If China gains control over the territory it claims in western Bhutan, it will make it easier for its People’s Liberation Army to conduct military manoeuvres aimed at blocking the ‘Siliguri Corridor’ – the narrow stretch of land linking India’s North-East with the rest of the country. China in 2020 also staked a claim on the Sakteng Wildlife Sanctuary in eastern Bhutan as part of its own territory.
The Bhutanese King visited New Delhi in the first week of April and had a meeting with Prime Minister Narendra Modi. The visit saw India warning Bhutan of the “intertwined and indivisible nature” of the security concerns of the two neighbouring nations. The Bhutan-China expert group meeting in Thimphu was held less than two months after Modi hosted Wangchuck in New Delhi.
Though the king of Bhutan generally grants audiences to foreign dignitaries at his palace in Thimphu, he met the foreign secretary of India at Gelephu – a town near the border between the two countries.
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