MikeCristo8
@MikeCristo8
Remember what I said a week ago. The elites now hold dollar bills that they can’t even give away. #Zimbabwe
Also remember what I said a couple weeks ago. American banks will stop taking dollars (this is probably already in the works). We are at the end of the dollar system.
The stock market is funded by U.S. Treasury bonds hidden inside NGO’s.
BRICS countries are not asset driven as in bonds. They are commodities driven as in exchanges for industrialization. BRICS doesn’t need dollars, they need commodities (precious metals).
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It’s easy to see why many BRICS countries are wary of seeking an alternative to the dollar. The nine-nation group consists of 5 surplus economies and 4 deficit economies, with surpluses in 2023 collectively amounting to…https://t.co/wzF6K9Mtyl via @scmpnews— Michael Pettis (@michaelxpettis) October 26, 2024
Precious metals exchanges are the new BRICS currency. The hard asset is the basis of the new BRICS monetary system.
If commodity exchanges are the new currency. And the dollar is a credit based system. BRICS countries never need to use the (credit) dollar system ever again.
You don’t need capital investment to trade commodities as your new currency.
Janet Yellen and Jerome Powell haven’t figured this out yet.
