3 hours ago, Alex2554 said:

 BRICS Central Bank doesn’t exist

Yet but it is in the making and a lot of progress has been made, even India and China are prepared to bury their differences in this and the gold backed Brics currency, that's how urgent this project has become. If the Euro is to survive it will, in the future, also have to be gold backed after reducing sufficient debt reduction. For the US it will be impossible to do considering their enormous pile of debt, something has to give, hopefully without a series of wars.

On 6/12/2024 at 12:01 PM, watgate said:

No one has a crystal ball but am interested in folks outlook for the US dollar going forward, and how concerned are you, if any, about the present course of events globally as they unfold, especially in relation to your investments and pensions and social security, as well as ones holdings in other assorted investment vehicles denominated in US dollars.

 

Right now it appears that it is the ruble which is in trouble. Yesterday's US sanctions have caused a panic. That's why the Russian central bank stopped the dollar trade. They don't have any.  https://www.newsweek.com/moscow-stock-exchange-trade-halted-ruble-collapse-sanctions-1912161

Is it going to change the USD to THB exchange rates.  Check out some bank graphics for the last few days since this started to become headlines.  Slowly dropping, fewer baht to the USD.  Potential to be some peoples continued existence here over what could be a short time.  This would be especially true for the UK folks and possibly others living on pensions that have been held at their original rate for years since their retirement.  Several are barely coping now.

13 hours ago, Jenkins9039 said:

Not so much, the World which includes states, corporations, people, require dollars to service their eurodollar debts, the Eurodollar debt / liabilities market is a paper market worth anywhere between 350 Trillion $ to 420 Trillion $, which is currently rolled over at roughly 75 Trillion $ annually, the debt / liabilities are across the world, predominately not with the the West but with each other.

 

So every year there is the demand for the $ to service the interest or refinancing of the debt.

 

 

 Yep.  All over the world governments and businesses have US dollar or Eurodollar debt.  When payments are made on those loans, the payments must be made in dollars. Consequently, the demand for dollars will not disappear anytime soon.  Moreover, much international business will continue to be conducted using dollars as a medium of exchange.

 

So, for the foreseeable future, the dollar won’t be dead simply because the BRICS nations establish an alternate method of transacting business.  
 

The real danger, I think, is continued reckless government spending.  The U.S. is currently borrowing a trillion dollars every 100 days. The Fed has been buying many of the bonds, but that won’t continue forever. In any event, all that money creation can cause very high inflation. The value of the dollar is eroded. And that will someday spook the bond market. 
 

The Fed can’t really control the interest rates, long term.  If the bond market crashes, that’s big trouble.  
 

 

 

 

 

28 minutes ago, dlclark97 said:

Check out some bank graphics for the last few days since this started to become headlines.  Slowly dropping, fewer baht to the USD. 

Any different to normal fluctuations? Personally I don't see that -

1 minute ago, topt said:

Any different to normal fluctuations? Personally I don't see that -

 

Hard to disagree with your chart.  I was looking at my banks chart July 1 - 13 for the $50-$100 rates.  Just a slow but steady downward trend the last few days that may/may not continue.  Personally, I hope it goes in the other direction.  

23 hours ago, spidermike007 said:

Are you now denying WWII ever happened? Was it fake news?

Just taking a lead from a former president.

 

Donald Trump warns of threat of World War II, mixes up names of Joe Biden and Barack Obama in Washington speech - ABC News

 

 

 

On 6/13/2024 at 1:02 AM, Old Croc said:

Don't you mean World War 2.

Did I miss one? 

On 6/12/2024 at 11:32 AM, johng said:

 

That does seem to be a plan  a crazy plan but I suppose those surviving the war (the instigators)

in their nuclear bunkers will  relish the thought of inheriting the new world  devoid of the billions of peons.  

Nuclear too messy. 

 

Biological and cyber will be the weapons of choice.  A perfected airborne virus that kills in 48 hours out of a lab, and the country that develops it will have the vaccine.  Cyber attack to stop the flow of information inside enemy territories that it's happening, while it's happening, with all communication shut down.  The war will be over in a few weeks.  The army of the enemy can not even gather to fight. 

 

Picture Hiroshima, but with out the destruction, only the death. 

 

We are a wonderful species. 

3 hours ago, KhunHeineken said:

Nuclear too messy. 

 

Biological and cyber will be the weapons of choice.  A perfected airborne virus that kills in 48 hours out of a lab, and the country that develops it will have the vaccine.  Cyber attack to stop the flow of information inside enemy territories that it's happening, while it's happening, with all communication shut down.  The war will be over in a few weeks.  The army of the enemy can not even gather to fight. 

 

Picture Hiroshima, but with out the destruction, only the death. 

 

We are a wonderful species. 

 
Don’t forget the nuclear subs armed with nukes.  Those subs can and will be used by either side a last resort, whether or not an army survives.  

3 hours ago, Old Croc said:

Just taking a lead from a former president.

 

Donald Trump warns of threat of World War II, mixes up names of Joe Biden and Barack Obama in Washington speech - ABC News

 

 

 

He is semi-senile, at best. Clinically insane at worst. 

5 minutes ago, jas007 said:

 
Don’t forget the nuclear subs armed with nukes.  Those subs can and will be used by either side a last resort, whether or not an army survives.  

Many of which, will be intercepted mid flight, over the ocean. 

 

So, in years to come, decades after the war, people holidaying in Thailand can go to a seafood restaurant and eat a 3 headed fish. 

14 minutes ago, KhunHeineken said:

Many of which, will be intercepted mid flight, over the ocean. 

 

So, in years to come, decades after the war, people holidaying in Thailand can go to a seafood restaurant and eat a 3 headed fish. 

Fish head soup makers will be happy

34 minutes ago, KhunHeineken said:

Many of which, will be intercepted mid flight, over the ocean. 

 

So, in years to come, decades after the war, people holidaying in Thailand can go to a seafood restaurant and eat a 3 headed fish. 

They say the U.S. has nothing in place to intercept incoming ICBMs.  That sounds odd, but maybe it’s true. Maybe the decision was made to rely on its capacity for massive retaliation.  It’s all nuts, however you look at it.  Both sides have thousands of warheads.  And it wouldn’t take all that many to destroy the world as we know it. No one will be holidaying anywhere, I’m afraid.

20 hours ago, John Drake said:

 

Right now it appears that it is the ruble which is in trouble. Yesterday's US sanctions have caused a panic. That's why the Russian central bank stopped the dollar trade. They don't have any.  https://www.newsweek.com/moscow-stock-exchange-trade-halted-ruble-collapse-sanctions-1912161

Yet.........................

 

https://www.bbc.com/news/business-68823399

 

"The International Monetary Fund (IMF) expects Russia to grow 3.2% this year, significantly more than the UK, France and Germany."

 

 

57 minutes ago, KhunHeineken said:

Yet.........................

 

https://www.bbc.com/news/business-68823399

 

"The International Monetary Fund (IMF) expects Russia to grow 3.2% this year, significantly more than the UK, France and Germany."

 

 

I wouldn’t believe much of what Newsweek says about anything.  
 

Have you looked at a long term chart of the Ruble?  It looks like it’s doing more than OK.  

"De-Dollarization" is a psyop.

On 6/13/2024 at 7:45 AM, koolkarl said:

US power comes from the USD.  They won't let it go so easily.  Just ask Saddam.

...and Gaddafi.

On 6/13/2024 at 12:45 AM, koolkarl said:

US power comes from the USD.  They won't let it go so easily.  Just ask Saddam.

And Edward Snowdon.  

At this point, the U.S. is hardly in a position to use its military as some sort of a mechanism to save the dollar as the world’s reserve currency.  That’s why some people are concerned with BRICS.  

 

Libya and Iraq were easy to deal with.  But the totality of BRICS? That’s not going to happen. The unipolar world order with the U.S. calling the shots is over. It’s now a multipolar world. The sooner the politicians in DC realize that, the better.  They abused the so called “exorbitant privilege “ enjoyed by the US dollar in the years following WWII, and much of the rest of the world is fed up with the continued dollar debasement. Printing money to fund wars all over the world has been a recipe for disaster. And the wars have accomplished nothing.  Defense contractors got rich while the U.S. middle class and the rest of the world paid the price. 

On 6/13/2024 at 5:23 AM, soalbundy said:

The beauty of the coming new Brics currency is that it will be backed by gold, which is why especially China and Russia are buying so much gold. This will make it a powerful currency against fiat currencies, this will be dangerous for America as there will be no need or desire to buy America's debt. Having said that the Brics countries cant have any desire to see America fail since they export so much to the US. There is going to be a huge geopolitical reset in the next 20 years and the US will have a lot less influence, in fact that is already happening. The CIA will no doubt employ its 'dirty tricks department' to try to hinder Brics but that will fail, all empires fail in the end.

Yes, they are buying Gold to back their future currency. It will remain a "partial" backing, as there is not enough Gold around for 100% backing.

OR: "SOMEONE" with great authority declares one fine day that 1 oz of Gold is now worth 1 million Dollar. That way a 100% coverage could be achieved. Stranger things have happened.

good, bye bye Murican terrorist state,  cancer of the planet!

On 6/14/2024 at 7:47 PM, KhunHeineken said:

And Edward Snowdon.  

and Jullian assange

On 6/14/2024 at 8:59 AM, KhunHeineken said:

Yet.........................

 

https://www.bbc.com/news/business-68823399

 

"The International Monetary Fund (IMF) expects Russia to grow 3.2% this year, significantly more than the UK, France and Germany."

 

 

Russia is an "enclosed" Economical/Political system that needs no vital "imports" from nowhere and nobody.

On 6/13/2024 at 3:27 AM, Peterphuket said:

I think also with chf.

The CHF has always been a "special case". We live by our Exports. A strong currency doesn't help. Indepted only by 40% of GDP. But still: Parliament considers an increase over 40% as the "Armageddon of Switzerland", making for an unwelcome strong currency. But Switzerland is a "special case" in so many ways. To analyse Switzerland can only lead to serious headaches.

Rumor has it, that Swiss People are "not from this world and don't really want to be part of this world". Well, if that's the case, we diden't do all that bad over the last 1000 years.

13 hours ago, swissie said:

The CHF has always been a "special case". We live by our Exports. A strong currency doesn't help. Indepted only by 40% of GDP. But still: Parliament considers an increase over 40% as the "Armageddon of Switzerland", making for an unwelcome strong currency. But Switzerland is a "special case" in so many ways. To analyse Switzerland can only lead to serious headaches.

Rumor has it, that Swiss People are "not from this world and don't really want to be part of this world". Well, if that's the case, we diden't do all that bad over the last 1000 years.

Thanks for your explanation regarding Switzerland, as a former resident of Europe, I had and have a high regard for Switzerland, especially regarding engineering.
I do believe a safe haven for deposits is now a thing of the past, unfortunately due to lifting of banking secrecy.
I used to have some assets there too, but that is all in the past, all that is left of that is some Swiss Francs, and for the reason you mentioned, am not afraid that it will depreciate in value.
Also. referendums in Switzerland are a big advantage and I hope for the Swiss that they will never become part of the EU, European people are no better for that.

 

On 6/15/2024 at 4:20 PM, swissie said:

Russia is an "enclosed" Economical/Political system that needs no vital "imports" from nowhere and nobody.

True.

 

So, you have the biggest country in the world, that is good friends with the most highly populated country in the world, who both share the same form of governance, and that's a concern for the west, is it not? 

On 6/15/2024 at 3:55 PM, frank83628 said:

and Jullian assange

JFK and Martin Luther King - assassinated on the order of the tyrants who really ran the country at the time.  

 

Democracy is a good thing.   

On 6/12/2024 at 12:38 PM, Srikcir said:

This article sounds like a bit coin ad.

betting against the dollar has been a loser for a long long time.