Y'all ready for FedCoin™?

[MountainGirl]

He's lying.

I haven't watched your vid yet (I will next) but what I found surprising in the RT vid - were a few of the low numbers...

"
The Russian leader claimed the five BRICS members – Russia, China, India, Brazil and South Africa – are becoming the new world economic leaders, adding that their cumulative share of global GDP has reached 26%.

and -

Over the past 10 years, mutual investment between the BRICS member states has increased by six times. Their total investments in the world economy have doubled, while cumulative exports account for 20% of the global total, Putin said.


Only 26% of the global GDP - and only 20% of global exports?? I'd have guessed the export totals (especially with China in the count) would be much higher.

Gonna watch your vid now -

 

[MountainGirl]

He's lying.

Very informative, I learned a LOT.
More than I ever wanted to.

Now, if you'll excuse me...
I'm going to go padlock the gate,
bury the key with a shovel
and then bury the shovel.

 

[John Sam Rayburn]

He's lying.

I quit watching when she opened with "First of all, who cares".

lol

 

[Eastexasrick]

Watching WION India this morning, great coverage of the Ukrainian Invasion.
Lots of coverage on the BRICS summit wrap up. I did not know the UAE, Argentina, Iran, Saudia Arabia, Ethiopia, and Egypt are members.

Ethiopia? really, so I won't get any more emails from that Prince wanting me to help him move dollars to the US?

 

[Darkpriest667]

Watching WION India this morning, great coverage of the Ukrainian Invasion.
Lots of coverage on the BRICS summit wrap up. I did not know the UAE, Argentina, Iran, Saudia Arabia, Ethiopia, and Egypt are members.

Ethiopia? really, so I won't get any more emails from that Prince wanting me to help him move dollars to the US?

This is why the Saudis are offering billions for everything right now, they are trying to divest of US dollars. Most of their holdings are US dollars.

 

[benenglish]

I quit watching when she opened with "First of all, who cares".

lol

I'm incapable of rendering a judgement on the usefulness of over 30 minutes of informative content in the first 15 seconds. If you are, then that's a mighty useful talent.

Seriously, both the hosts were occasionally irritating and I didn't like their presentation style. However, they asked useful questions and their guest was able to take the crumbs offered and run with them, providing an experience that was, as MG put it, "very informative." By bailing early, you robbed yourself.

 

[TheDan]

Dedollarisation has less to do with a better currency taking over (there isn't one) and more to do with deglobalization. Even Peter exasperatedly admits the world is deglobalizating.

Doesn't have much to do with CBDCs, tho...

 

[MountainGirl]

Dedollarisation has less to do with a better currency taking over (there isn't one) and more to do with deglobalization. Even Peter exasperatedly admits the world is deglobalizating.

Doesn't have much to do with CBDCs, tho...

Unless it's used as an excuse to implement...in some manner or another.

 

[benenglish]

Even Peter exasperatedly admits the world is deglobalizating.

He was a little exasperated with the tone of the questions, yes, but he's been talking about how globalization is coming to an end for years, long before it was on most folks radar.

 

[toddnjoyce]

…globalization is coming to an end for years, long before it was on most folks radar.

Globalization means a lot of things to a lot of people, but the widely accepted concept of improved connectivity and interdependence among countries due to increased trade and better technology is likely not what Peter is referring to.

I think when he discusses globalization, he’s based in the foreign policy/international affairs realm, and I think he accepted much earlier than many others that the post-Perestroika, Chinese socialist market economy reforms were aberrations and dependent entirely on political will to continue reform.

That period began to end with Yeltsin resigning and Putin taking power in Russia and really accelerated when Xi took over from Hu Jintao in 2013. Neither of those were interested in what globalization really required, which was using USD, GBP, or EUR to settle foreign accounts. Both had no problem buying low interest/nearly free US debt and using that money to finance hard assets (infrastructure primarily) that were paid for in Rubles or Renminbi and pocketing the difference. Both then used that infrastructure to to build dependency ties to trade partners (Russia/Germany pipelines, China building everything from manufacturing facilities to container ships and then some).

Where we are today is both countries trying to use that infrastructure to force payment in rubles or renminbi with varying degrees of success, but nowhere near what’s needed to keep their economies growing at the rate they were when the first opened up to the world.

A lot of that was due to catch-up demand. Average Russians and Chinese wanted better quality goods and services (think Levi’s and the internet). That was an artificial demand bump and now both countries have a populace that’s stagnated at best and regressing at worst in their quality if life. And neither has the demographics for the next 40 years to increase population AND increase quality of life.

The post-WWII bifurcated first-/second-world and third worlds is what we are retuning to, and that alignment really was a maturation of long held concepts of national alignments in self-interest as opposed to international promiscuity in the name of idealism.

I could go on, but I’m not interested in find the character count limit for posts.

 

[Eastexasrick]

Globalization means a lot of things to a lot of people, but the widely accepted concept of improved connectivity and interdependence among countries due to increased trade and better technology is likely not what Peter is referring to.


I could go on, but I’m not interested in find the character count limit for posts.

You covered a lot of ground, in short order. I will spend the rest of today mulling over your analysis. Most impressive.

 

[TheDan]

he's been talking about how globalization is coming to an end for years

oh, I know. I wasn't referring to the video you posted specifically. You have to watch his videos where he's on the side of a mountain to fully grasp his feeling on it. He looks like he vaguely smells a fart anytime he talks about deglobalisation.

 

[larcat]

Wow.

I've been on the internet for a long time. I've known a goldbug or two. I know a little bit about computers.

This is a much, much better thread than your average one on an average forum about these issues.

The basic take of "if the dollar becomes worthless, you've got more pressing matters to attend to" continues to be a point I can't come up with a rational argument against.

 

[John Sam Rayburn]

Dedollarisation has less to do with a better currency taking over (there isn't one)

Bitcoin is a better currency than the U.S. Dollar.

That's the purpose of "FedCoin", to set up a fake version of Bitcoin that will allow Globalist Bankers to keep stealing from poor, stupid people with Inflation.

 

[MountainGirl]

Bitcoin is a better currency than the U.S. Dollar.

That's the purpose of "FedCoin", to set up a fake version of Bitcoin that will allow Globalist Bankers to keep stealing from poor, stupid people with Inflation.

Agree - which is why my perennial warnings are in the realm of regulations being forced on vendors/retailers as to which type of 'payments' they are allowed to take.

Kinda like... if we cant take their guns, just control the ammo.

 

[John Sam Rayburn]

Agree - which is why my perennial warnings are in the realm of regulations being forced on vendors/retailers as to which type of 'payments' they are allowed to take.

This brings up the interesting question of which activities the Federal Reserve Coin will prohibit their currency being used for.

The lazy, retarded Sluts in this article complain that using Crypto-Currency exchanges is "too haaard". lol

"I Just Want To Sell Titty Pictures": Sex Workers F**ked By Crypto | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

"You get on an exchange for as long as you can, until they shut your a** down," said Knox. "You quickly [run out of exchanges], so you sit on a lot of useless money. The whole ‘crypto is permissionless and censorship-resistant’ thing is a bunch of bullsh*t."

Of course she's wrong. They are just too lazy to learn out how to use Crypto.

Selling dirty videos is not illegal. The big Crypto Exchanges choose not to do business with them for practical reasons.

Would FedCoin be required to service them since what they are doing is not illegal ?

 

[MountainGirl]

This brings up the interesting question of which activities the Federal Reserve Coin will prohibit their currency being used for.

Activities? Dunno - but the disallowed products is an easy list.
Guns, ammo, more than 2 beers/week (lol), hydroxychloroquine, ivermectin, and anything else the gov decides we shouldn't have.

The lazy, retarded Sluts in this article complain that using Crypto-Currency exchanges is "too haaard". lol

"I Just Want To Sell Titty Pictures": Sex Workers F**ked By Crypto | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

"You get on an exchange for as long as you can, until they shut your a** down," said Knox. "You quickly [run out of exchanges], so you sit on a lot of useless money. The whole ‘crypto is permissionless and censorship-resistant’ thing is a bunch of bullsh*t."

Of course she's wrong. They are just too lazy to learn out how to use Crypto.

Selling dirty videos is not illegal. The big Crypto Exchanges choose not to do business with them for practical reasons.

Would FedCoin be required to service them since what they are doing is not illegal ?

Interesting question. I just read where Bank of America closed the accounts of a conservative non-profit. Unknown if there's similarities or not - BUT - when has the gov (or any of its private firms hired to do their dirty work) ever colored inside the lines? They go against rulings of the USSC; they do what they want.

Pretty soon so will we.

 

[toddnjoyce]

Bitcoin is a better currency than the U.S. Dollar.

Except for the part about all digital “currencies” being a speculative asset and the fact that blockchain results in an arbitrary and artificial supply limit that requires vanity or FOMO to establish value without acknowledging that any Tom, Dick, or Harry can launch and market their own competing mousetrap targeting specific market segments to both manipulate the broader digital currency market and create their own fortune thru math.

When I listen to the hourly wage employees talking quietly in the elevator about the fortunes they’re making in the latest fad coin one week and then complaining about being nearly bankrupt the next due to chasing the next opportunity, I’m reminded of the original Black Friday.

 

[John Sam Rayburn]

Except for the part about all digital “currencies” being a speculative asset and the fact that blockchain results in an arbitrary and artificial supply limit

All currencies are speculative assets, and Bitcoin's fixed supply is precisely what makes it better than the U.S. Dollar.

 

[Eastexasrick]

Bitcoin is built on a solid Ponzi scheme foundation, with a structure that has the engineering integrity of a dotcom bubble.
On the upside, it cannot collapse under its own weight, as it has none. Unlike vaporware, vapor has mass.
Bitcoin will most likely establish It is not necessary to perpetrate a fraud, create a bubble, or a Ponzi scheme, to entice investors down the primrose path.