The Unit

g5000

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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.

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:


BRICS deepens shift from dollar, controls 50% of global gold


 
A little background.

Nation A's currency is the quadloon.

Nation B's currency is the boinker.

If Nation B wants to buy chocolate from Nation A, they have to agree on the quadloon-to-boinker exchange rate. But since both countries are constantly manipulating their currencies, they find it safer and easier to exchange chocolate for US dollars because it is the most stable currency on Earth.

Yes, gold bugs, it is.

A few decades ago, Saudi Arabia agreed to sell its oil only for US dollars. Thus was born the "petrodollar" and everyone else had to get on board.

Because we are the currency of exchange everywhere, every nation needs a giant stash of US dollars to buy and sell stuff. They accumulate dollars by selling us stuff and creating a trade surplus with the US.

Being the world's reserve currency provides us the "exorbitant privilege" of being able to borrow money at low interest, thus finance astronomical deficits, and we are able to accrue massive trade deficits without the pain that other nations feel with their trade deficits.

And if a country pisses us off, we can cut them off from our dollars and freeze the assets they have here.

In 2022, we froze a shit ton of Russia's money after Putin invaded Ukraine. And that was the genesis of the plan to create a new world reserve currency.

Now we have also frozen something like $20 billion of Iran's assets, so they are on board with the Unit.

Over the past few years, the BRICS nations, particularly Russia and China, have been amassing ungodly amounts of gold.

Now you know why.

This is bad. Very bad. If we lose our status as the world's reserve currency, or even if it is decreased just enough, our debt will implode and crush us.

Plan accordingly.
 
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.

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:


BRICS deepens shift from dollar, controls 50% of global gold



The Unit is backed 40% by gold, and 60% by a basket of BRICS currencies.

If I hold 100 of these "units", can I redeem them for some gold + BRICS currencies?
 
The Unit is backed 40% by gold, and 60% by a basket of BRICS currencies.

If I hold 100 of these "units", can I redeem them for some gold + BRICS currencies?
You will have to sell something in exchange for Units.

Whatcha got? Oil? Lithium? Rare earths?
 
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Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia, the United Arab Emirates, and Indonesia represent about 40 percent of the world's GDP.

The US represents about 25 percent.

As Trump is diligently alienating all of our friends, I'm not sure how many we can rely on to not start trading in Units with the BRICS.

We did not get where we are by ourselves. We had a lot of help from our friends.

America First = America Alone.

.
 
It’s always comical when G-string plays economist when he doesn’t even understand basic economics 😂

Your rate of successful predictions to date is somewhere around 0.0%. And you continue that streak of humiliation with your cringe thread here.

My guess? You’ve sunk what little welfare dollars you have in some scam tied to “Unit” (because you’re not capable of due diligence) and you lost everything, so now you’re trying to convince everyone on various platforms that it’s “the future”.

 
As Trump is diligently alienating all of our friends
You misspelled “Obama”. Doesn’t surprised anyone though. You’re not the sharpest tool in the shed.

England and Israel (are two closest allies) were disgusted by Obama. Russia (Putin) and Venezuela (Chavez) adored him as he groveled at their feet after fellating them.
 
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.

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:


BRICS deepens shift from dollar, controls 50% of global gold


MAGA seems to be aware that Trump doesn't mean a single thing he says and they are okay with it
 

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