Jump to content

BRICS admits Saudi Arabia, Iran, UAE, several other nations.


sharkman

Recommended Posts

10 hours ago, sharkman said:

Morgan Stanley.  You've heard of them?  They just downgraded their outlook for the US dollar, which further illustrates that the Yankee buck is weakening. 

Well it doesn't always go up. Sometimes it also goes down, and then it goes back up, and then it goes down.  🥱

10 hours ago, sharkman said:

I'm not sure why you're so unaware of what's been happening for the last 2+ years, but whatever.

I'm aware than the US Dollar index was 0.957 two years ago, and that it's 102.4 today, so whatever indeed.  🤣

Once again you have no idea what you're talking about and don't understand what any of the information you're pulling off your twitter feed.   

Link to comment
Share on other sites

Posted (edited)
3 hours ago, Nationalist said:

BRICS is helping damage the USD. Only a fool would argue otherwise. 

I blame Biden. He's weak and the entire world knows it.

Yeah, BRICS just added Saudi Arabia, the UAE, Egypt, Iran and Ethiopia.  They are all dumping USD, and then you have countries like Japan that are selling US treasuries and buying into their own currencies to keep them from sliding.  

And when you add the US debt, with a yearly interest payment of one trillion, it’s plain to see the writing on the wall.  
 

Here’s a really good primer on the situation.

 

Edited by sharkman
  • Like 1
Link to comment
Share on other sites

  • 4 weeks later...

This year is going to be huuuge.  Over 40 nations will be holding national elections and the unrest and change will be multiplied across all continents. To that add that the US can no longer bring to heel countries that resist its will.  All of its economic might has been brought to bear on Russia and it clearly hasn't worked.  In response, Russia has welcomed several more countries into the BRICS, which now holds 47% of the world's oil reserves.  When BRICS issues its own PM backed currency it will initiate a run away from the US dollar on the world stage.  What this will do to the value of the US buck I have no idea, but it can't be good.

Keep on breathing hopium, moonbox, but the writing is on the wall. 

 

 

 

Edited by sharkman
Link to comment
Share on other sites

22 hours ago, sharkman said:

In response, Russia has welcomed several more countries into the BRICS, which now holds 47% of the world's oil reserves.  When BRICS issues its own PM backed currency it will initiate a run away from the US dollar on the world stage.  What this will do to the value of the US buck I have no idea, but it can't be good.

Russia isn't welcoming anyone.  China runs the show for BRICS, and like everything else you post about, you don't even  understand what it is.  It's not an alliance.  It's not a multi-lateral trade pact.  It has no Charter, no ideological coherence and not only are most of its members not friends, many of them are straight-up enemies.  

As for a BRICs currency, keep telling us how imminent it is...  🤣

"Suggestions that the BRICS group of emerging market powers establish their own currency to reduce their reliance on the dollar aren’t under serious consideration and never have been, South Africa’s finance minister said."

https://www.bnnbloomberg.ca/brics-currency-was-never-on-table-south-african-finance-chief-says-1.1963130#:~:text=BRICS Currency Was Never On Table%2C South African Finance Chief Says,-Paul Vecchiatto%2C Bloomberg&text=(Bloomberg) -- Suggestions that the,South Africa's finance minister said.

Link to comment
Share on other sites

1 hour ago, Moonbox said:

Russia isn't welcoming anyone.  China runs the show for BRICS, and like everything else you post about, you don't even  understand what it is.  It's not an alliance.  It's not a multi-lateral trade pact.  It has no Charter, no ideological coherence and not only are most of its members not friends, many of them are straight-up enemies.  

As for a BRICs currency, keep telling us how imminent it is...  🤣

"Suggestions that the BRICS group of emerging market powers establish their own currency to reduce their reliance on the dollar aren’t under serious consideration and never have been, South Africa’s finance minister said."

https://www.bnnbloomberg.ca/brics-currency-was-never-on-table-south-african-finance-chief-says-1.1963130#:~:text=BRICS Currency Was Never On Table%2C South African Finance Chief Says,-Paul Vecchiatto%2C Bloomberg&text=(Bloomberg) -- Suggestions that the,South Africa's finance minister said.

You say China is the big dog in this banded together group of nations, and then you use a quote from one of the lessers to make your point.  What does China have to say about it?  Why are China and Russia hoarding gold?  

Who cares, South Africa’s finance minister is speaking!!

🤣

Edited by sharkman
Link to comment
Share on other sites

1 hour ago, sharkman said:

You say China is the big dog in this banded together group of nations, and then you use a quote from one of the lessers to make your point.  What does China have to say about it?  Why are China and Russia hoarding gold?  

China doesn't want a BRICs currency either, because they want everyone to use the renminbi, which they have control over.  They are hoarding gold because the West (who they rely on for export markets) is souring on them at the same time they head into a debt crisis and need diversification.  You were just posting about Evergrande insolvency, you dope.  

If you don't like what the small dogs have to say, then maybe India counts?  

India's foreign minister said, "there is no idea of a BRICS currency". Its foreign secretary said before departing for the summit that boosting trade in national currencies would be discussed.

https://www.reuters.com/markets/currencies/what-is-brics-currency-could-one-be-adopted-2023-08-23/#:~:text=In July%2C India's foreign minister,national currencies would be discussed.

1 hour ago, sharkman said:

Who cares, South Africa’s finance minister is speaking!!

🤣

Right? Who cares indeed?  Except...you've been chanting about how big heavyweights like South Africa, Iran, Argentina have joined the BRICs and how important this is...except when what they're saying doesn't match up with your twitter regurgitations.  🤡 

Link to comment
Share on other sites

My goodness.  Are you that obtuse?  Let me give you an analogy.  The sports media questioning the general manager about the underperforming coach’s performance.  “His job is safe, the players need to start playing the system, and you can quote me!”.  

Then 2 weeks later, the coach is gone.  You don’t know what China or India or anyone else is doing and they are not going to tell.  However, when they are both buying gold bullion at record setting levels, then only the obtuse don’t get it.

Your hero Warren Buffet pulled over 140 billion out of the stock market.  Get a frickin’ clue.  He didn’t tell anyone he was doing it either so I guess it never happened…

Link to comment
Share on other sites

11 minutes ago, sharkman said:

My goodness.  Are you that obtuse?  Let me give you an analogy.  The sports media questioning the general manager about the underperforming coach’s performance.  “His job is safe, the players need to start playing the system, and you can quote me!”.  

Then 2 weeks later, the coach is gone.  You don’t know what China or India or anyone else is doing and they are not going to tell.  However, when they are both buying gold bullion at record setting levels, then only the obtuse don’t get it.

Unsurprisingly, a really dumb analogy.  You were saying this time last year that the economy was unravelling, and that we'd see when the Jan 30, 2023 investor quarterly/annual reports came out.  You faceplanted on that, just like you're faceplanting here. 

What sort of donkey do you have to be to be talking about a BRICS currency when one of the largest partners in the group says they're not even talking about it?  

19 minutes ago, sharkman said:

Your hero Warren Buffet pulled over 140 billion out of the stock market.  Get a frickin’ clue.  He didn’t tell anyone he was doing it either so I guess it never happened…

Why don't you tell us what you think that means, or rather what your Twitter feed is telling you it means?  🙄

Link to comment
Share on other sites

I don’t follow Twitter.  I never signed up with them unlike you. Most members of BRICS are hoarding gold.  Putin was or is the BRICS president.  BRICS has started doing oil trades outside of the US dollar, and they have 47% of the world’s oil reserves.  

Whether you can read these tea leaves or not is irrelevant.  In 2006, people warning about an economic collapse was met with derision.  Then when it happened actual banks were going under.  
 

Believe whatever makes you happy. 

Link to comment
Share on other sites

16 hours ago, sharkman said:

I don’t follow Twitter.  I never signed up with them unlike you. Most members of BRICS are hoarding gold.  Putin was or is the BRICS president.  BRICS has started doing oil trades outside of the US dollar, and they have 47% of the world’s oil reserves.  

So what?  What does this mean?  Are you capable of anything beyond zombie-posting the doomporn links that show up on your feeds?  

When you proclaim vague and imminent catastrophe all the time, you're not actually predicting anything.  

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Tell a friend

    Love Repolitics.com - Political Discussion Forums? Tell a friend!
  • Member Statistics

    • Total Members
      10,766
    • Most Online
      1,403

    Newest Member
    CouchPotato
    Joined
  • Recent Achievements

  • Recently Browsing

    • No registered users viewing this page.
×
×
  • Create New...