BRICS is probably going to destroy the Dollar

[Toddsterpatriot]

Probably why they've been hoarding gold & silver.

And dollars.

 

[Oddball]

And dollars.

WTF you think they're exchanging for the metals?

 

[Toddsterpatriot]

WTF you think they're exchanging for the metals?

The ones who already hold dollars are less anxious to buy gold than the ones holding
shitty BRICS currencies.

 

[Oddball]

The ones who already hold dollars are less anxious to buy gold than the ones holding
shitty BRICS currencies.

Bragging about being the tallest dwarf?...Oh boy!

 

[Toddsterpatriot]

Bragging about being the tallest dwarf?...Oh boy!

Have you seen those dwarfs?

Even the other dwarfs call them short.

 

[Oddball]

Have you seen those dwarfs?

Even the other dwarfs call them short.

Yeah, I've seen them....Reduced 98% in buying power over a century...Some BFD.

 

[justoffal]

The Fed will/has destroyed the USD...BRICS will very likely fill the void.

Ahhh.....yep....good point.

 

[justoffal]

Probably why they've been hoarding gold & silver.

That might change drastically once the currencies no longer have to bear the pressure of dollar debt.

 

[justoffal]

Yeah, I've seen them....Reduced 98% in buying power over a century...Some BFD.

It's horrendous and the single largest contribution to skyrocketing prices.

It's not so much the price going up as it is the dollar going down.

 

[Ringo]

 

[jwoodie]

That might change drastically once the currencies no longer have to bear the pressure of dollar debt.

The world is moving towards gold-backed currency. (The U.S. could wipe out its liabilities by revaluing gold to $133,000 per ounce.) Otherwise, the dollar is just Monopoly money. Look for demonetized Treasury notes in the near future.

 

[justoffal]

The world is moving towards gold-backed currency. (The U.S. could wipe out its liabilities by revaluing gold to $133,000 per ounce.) Otherwise, the dollar is just Monopoly money. Look for demonetized Treasury notes in the near future.

Ahhh...... How would that work?

 

[jwoodie]

Ahhh...... How would that work?

The Treasury would issue a note for X ounces of gold, charging its current price in dollars. The note would become payable in gold or its then current price in dollars. This "gold certificates" could greatly reduce their interest expense and gradually become a replacement for dollar currency.

 

[justoffal]

The Treasury would issue a note for X ounces of gold, charging its current price in dollars. The note would become payable in gold or its then current price in dollars. This "gold certificates" could greatly reduce their interest expense and gradually become a replacement for dollar currency.

Ok.... So it's like holding gold without having to hold it.

 

[Toddsterpatriot]

The world is moving towards gold-backed currency. (The U.S. could wipe out its liabilities by revaluing gold to $133,000 per ounce.) Otherwise, the dollar is just Monopoly money. Look for demonetized Treasury notes in the near future.

It will never happen. Here or anywhere.