g5000
Diamond Member
- Nov 26, 2011
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As some people know, the federal debt is my number one issue with every politician. Each president outdoes his predecessor in racking up debt. The time is rapidly approaching when our debtors will no longer trust in the full faith and credit of the United States, and will begin demanding higher interest payments on our debt, and there is nothing the Federal Reserve will be able to do about it.
Remember when a certain someone said he would pay off the debt in eight years? This is a guy who will literally say ANYTHING to the unthinking rubes to con them into worshipping him.
After being elected, Trump and the Republican Congress set about DOUBLING the deficit that Obama had halved. By the time he is finished with this current term, Trump will have racked up more debt than Obama and Biden combined. Book it.
But that's not the worst part.
The worst part is our status as the world's reserve currency is about to have the bottom drop out. And the Iran war has hastened it.
There's a new currency in town, and it intends to become its own global reserve currency.
This new currency is called the Unit.
The Unit is backed 40% by gold, and 60% by a basket of BRICS currencies.
Gold bugs take note! The Unit is backed by actual gold by weight.
Now, when you think of BRICS, you may think Brazil, Russia, India, and China. Those were the OGs of BRICS.
But now BRICS is Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia, the United Arab Emirates, and Indonesia.
You may notice Iran snuck in there.
Saudi Arabia was the nation which helped us create the petrodollar. And now look at them. Jumping on the Unit bandwagon.
More in my next post.
Here's some reading material:
en.wikipedia.org
Remember when a certain someone said he would pay off the debt in eight years? This is a guy who will literally say ANYTHING to the unthinking rubes to con them into worshipping him.
Trump: I will eliminate U.S. debt in 8 years
After being elected, Trump and the Republican Congress set about DOUBLING the deficit that Obama had halved. By the time he is finished with this current term, Trump will have racked up more debt than Obama and Biden combined. Book it.
But that's not the worst part.
The worst part is our status as the world's reserve currency is about to have the bottom drop out. And the Iran war has hastened it.
There's a new currency in town, and it intends to become its own global reserve currency.
This new currency is called the Unit.
The Unit is backed 40% by gold, and 60% by a basket of BRICS currencies.
Gold bugs take note! The Unit is backed by actual gold by weight.
Now, when you think of BRICS, you may think Brazil, Russia, India, and China. Those were the OGs of BRICS.
But now BRICS is Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia, the United Arab Emirates, and Indonesia.
You may notice Iran snuck in there.
Saudi Arabia was the nation which helped us create the petrodollar. And now look at them. Jumping on the Unit bandwagon.
More in my next post.
Here's some reading material:
