sharkman

And who's going to win, smart guy, Joe Biden?

And here's a couple more, just for moonbox. 15 BRICS nations signed agreements to ditch the US dollar. https://watcher.guru/news/brics-15-countries-to-ditch-us-dollar-for-oil-trade#:~:text=India and the UAE already,for oil and gas trade. The new BRICS members are laying the foundation for the de-dollarization initiatives. India and the UAE already settled oil trade in local currencies in September this year. The move was a historic landmark shifting away from the US dollar for oil and gas trade. India paid its local currency, the Rupee, to settle 1 million barrels of oil with the UAE. Additionally, Saudi Arabia also confirmed that the Kingdom is open to accepting local currencies for oil. The development threatens the existence of the US dollar as developing countries can now opt for local currencies instead. BRICS looks to uproot the US dollar’s dominance in the oil sector and replace it with their respective local currencies https://watcher.guru/news/10-u-s-sectors-to-be-affected-if-brics-stops-using-the-dollar The BRICS summit ended on a high note in August after the bloc inducted six new countries into the group. Leading oil-producing nations Saudi Arabia, the UAE, Egypt, Iran, and Ethiopia will join the alliance in January 2024. Also, Argentina is the only new BRICS member that does not produce and export oil. The one common thing between the 11-member BRICS group is their disdain for the U.S. dollar. Moreover, BRICS is looking to end dependency on the U.S. dollar by promoting their local currencies for cross-border transactions.

India signs an agreement with another BRICS member to trade in rupees instead of dollars. The UAE, to be specific. https://www.reuters.com/world/india-ties-up-with-uae-settle-trade-rupees-2023-07-15/ "The two agreements will enable "seamless cross-border transactions and payments, and foster greater economic cooperation", said a statement from the Reserve Bank of India on Saturday. India, the world's third biggest oil importer and consumer and whose central bank last year announced a framework for settling global trade in rupees, currently pays for UAE oil in dollars. Bilateral trade between the two countries was $84.5 billion in the year from April 2022 to March 2023."

Oops yes, that's what I meant. At least one of the current Republican candidates is backed by the anyone but Trump crowd, now that DeSantis has already failed. The multiple court cases are designed to both be a constant bad media coverage strategy and a drain on Trump's resources. But all they've got is Biden, who is single handedly driving people to whomever the Rep candidate is. He's the dem disaster that won't die. Kamala makes them shudder, so they obviously have a plan to get a viable candidate in there as well. So, a media campaign, a lawfare campaign, and a Replace Joe plan. Is it enough to stop the Trump locomotive? No. They need either another lockdown during the election to pump up the mail-in-voting fraud, or some kind of national emergency in which to cancel the election altogether - just as Zelensky did to save his skin.

If Trump is still the leading Republican contender in October, there will be a national emergency, maybe a war, to cancel the election. Pray that the American voter gets over Trump, so that the elites don't start another war. Edit: I meant nominee when I said “leading republican contender”, my mistake.

Okay, lets explore this. Iran, according to moonbox, is under various trade restrictions and embargoes due to their continued behavior. Or perhaps you could fill in why exactly they are under such restrictions. In the middle of these restrictions, the US releases billions of dollars worth of Iran's assets. Now, what does that look like to you? https://www.wispolitics.com/2023/u-s-rep-steil-demands-answers-from-president-biden-for-allowing-iran-access-to-an-additional-10-billion/ Congressman Bryan Steil (WI-01) today demanded answers from President Biden as to why his administration allowed Iran access to an additional $10 billion worth of previously restricted funds. The timing of the sanctions waiver is especially concerning due to the recent attacks on U.S. military bases in the Middle East by Iranian-backed terrorist proxies...

Uh huh. Stay tuned...apparently you are unaware of the billions in USD that Biden gave Iran in 2023. Weird, eh?

Iran and Russia officially ditch the US dollar for all trade, putting an exclamation point on BRICS nations moving away from the US dollar. When will it start to affect USD value? It already has, dropping in absolute value for most of December. https://oilprice.com/Latest-Energy-News/World-News/Russia-Iran-Officially-Ditch-US-Dollar-for-Trade.html Back in 2019, Putin declared that time was ripe to review the dollar’s role in trade. At that time, Russia and China considered switching to the euro, the world’s second most dominant currency, as an acceptable stalemate, with the ultimate goal being to use their own currencies. "Earlier in the current year, Russia paid dividends from the Sakhalin 1 and 2 oil projects in Chinese yuan instead of the dollar. Last year, Russia was cut off from the US dollar-dominated global payments systems following sweeping sanctions off the Ukraine war. Russia has declared it will no longer accept the American currency as payment for its energy commodities but will instead switch to Chinese and Emirati currencies." Russia and China have developed their own non Swift(do you know what that is?) interbank money transfer system. One by one and month by month, more trading among BRICS(which has a reported 40% of global GDP) is being done outside of the world's reserve currency. There will be a tipping point, unless this becomes a hot war. The linked story claims that this de-dollarization move has borne little fruit, and these nations carry much of their debt in USD. Fair enough, but to assume that this move will never affect the US dollar would be beyond naive. The dollar has been dropping since early December. We are in the middle of a war. An economic war that no one is reporting on so you have no idea about it. Who will win? Will this affect your purchasing power? Can the banks now confiscate some of your savings if they become insolvent?

I am not a Putin supporter. But the Russian people should be allowed to live in peace and not be menaced by NATO as they have for the last decade or more. Iran needs to get bombed into oblivion by Israel, hopefully it will happen before Iran gets and launches nukes. Biden keeps giving them billions after Obama gave them billions to fund Hamas and build said nukes. The narrative that suggests they are using over 600 billion for humane efforts only is propaganda, unfortunately. I am sorry to say that many news sources today have become corrupt just as most politicians are corrupt. Putin, Zelensky, Trudeau, Biden, and so many others. Any news source that champions that nazi Zelensky should be not trusted, as should any that defends Putin.

Hey bc "sapper", Merry Christmas!

I know, the left is so easy to lead along. But think about it, a group that has swallowed the Biden-as-president making all these moves and decisions. They will believe whatever they are told to believe, no questions asked. Perhaps that rash in his groin(the one he bragged about a few weeks back) is spreading…

Good points all. What we are talking about is at least 24 million dollars that went to the Bidens in exchange for access to the big guy. And companies owned in Ukraine, China, and a few other countries. Were the J06 defenders allowed to ignore their subpoenas? No, they were thrown in jail without due process. Anyone with a brain can see that this is a two tiered Justice system. The brainwashed on the left are going to have a bad year.

Oh look, the ‘science guy’ is weighing in. No thanks, science guy, I don’t need advice from someone who bragged about taking “science classes” in college.

Good grief. Would you please educate yourself? Go look at any graph that Google brings up, of the DOW during the recessions since the dot com bust. 2001, 2008-9, 2020.

Whatever you say, science guy.

If by that, you mean that the US is broke, then I agree with you. They just crossed the threshold of 1 trillion per year to service their debt. (How many on this forum don’t even know what that means?) Which is of course, unsustainable.

Turkey might as well leave NATO, with actions like this: https://www.euronews.com/business/2023/11/27/turkey-faces-scrutiny-as-exports-to-russia-surge-fuelling-concerns-of-sanctions-evasion “Turkish exports of essential goods to Russia, crucial for Moscow's military production, have experienced a significant spike in 2023. This surge has intensified worries about potential sanctions circumvention, with the United States and the European Union actively seeking to curb Russia's access to dual-use goods through third-party nations. Turkey recorded a staggering €144 million in exports of 45 goods, including microchips marked as "high priority" by the US, to Russia and five "former Soviet countries" suspected of acting as intermediaries for Moscow during the first nine months of 2023” Yup, they are a great contributor to the NATO cause.

You took college “science” classes, eh? Your vocabulary and sentence structure, etc., is not that of someone who spent much time in college. No one says they took “science” classes in college. That’s a grade 10 class. There are many specific studies at the college level. I’m calling bupkis on your claim. Maybe you should get your friend with the PhD to clue you in?

No, I’m paying attention to something that will change the way things are. Hope you are staying safe in Southern Cal.

They have been killing each other in Ukraine, and have recently switched to killing each other in Israel/Gaza. Next year it’ll be Taiwan. The more things change, the more they stay the same. Speaking of Buffet, are you aware that last spring he started pulling his money out of the stock market, and now has a reported 140 billion in cash sitting on the sidelines? Which is the same attitude that Michael Burry has had regarding the DOW. This upcoming recession appears to be one of those times that stocks/corporations and such are going to suffer a large drop, and the rich will swoop in and buy everything for pennies on the dollar. The more things change, the more they stay the same. Because human nature never changes, especially the human nature of the debt slaves, which is most of us.

That’s another good possibility, and in my view could have unintended consequences. He’s obviously a messed up addict with a very weak character. Who has done a lot of deals where his father gets a cut. Ukrainian nationals. Chinese nationals. It’s a long list. What are the chances that they catch him in a perjury trap? And getting his tax documents admitted as evidence in court would be dangerous. We’ve all seen the proof that he lied on his gun application. He’s obviously committed fraud with his taxes. These are both federal laws with serious time. If he gets off scott free, or is convicted and then pardoned by his father, there will be blood in the streets. Either outcome will end a re-election bid by Biden. The only way out is for the trial to be delayed until after November. What am I missing?

Between the gun charges and the tax evasion indictments, Hunter could be facing some real jail time. Dollars to donuts he flips and sings like a canary about the old man.

Okay, I’ll put you down as a “maybe”.

No, and you should respond to the points I’m making, not some imaginary points in your head. Hunter Biden has been indicted on several counts regarding taxes. His dad can’t pardon him because this would kill his re-election bid. He’ll put his career ahead of family every time. But evidence revealed in this case will implicate the old man. At that point anything is possible, I expect another air balloon to start grabbing all of the headlines, or perhaps stories about Israel(gasp!) having nuclear weapons.