11/5/24+

[Mark C]

There is question,however, why Trump saw the need to vetoe sanctions against Russia during his presidency, however his veto effort was defeated by Congress.

There were a number of very good reasons for a veto of that suicidal policy (and we may not be privy to the real one.)

But those self-destructive sanctions ultimately set the demise of the US fiat dollar on a fast-track, because the world saw what "being held hostage" to a fake money system can do. And they built alternatives, and BRICS is now where it is.

 

[Transformator Reformator]

And they built alternatives, and BRICS is now where it is.

Ridiculous, even at the last meeting of BRICS in Russia, foreigners were asked to bring euros and dollar. Rupees and Chinese money was not good enough.

Putin's dollar problem is on clear display at the BRICS summit, starting with the moment guests land at the airport

Mastercard and Visa halted operations in Russia. Most Russian banks take only US dollars or euros to exchange for rubles.

www.businessinsider.com

 

[Mark C]

Ridiculous, even at the last meeting of BRICS in Russia...

Do you know anything about real economics? Or what Scripture says about 'money' - and 'dishonest weights and measures'???

There has never, repeat NEVER, been a fiat currency in world history that has not ultimately collapsed. The fiat US $dollar will NOT be the first.

BRICS is just one of many alternatives - one more nail in a coffin.

 

[Transformator Reformator]

Do you know anything about real economics? Or what Scripture says about 'money' - and 'dishonest weights and measures'???

Please share, what am I supposed to know. Thank you in advance.

 

[Mark C]

Lots. But start by reading Deuteronomy 26:13-19, about dishonest weights, which is what a fully fiat "dollar" (and every other currency on earth now!) is, and that they are literally "abomination" to YHVH. They carry a curse, and the next reference is to Amalek, which is incredibly fitting, if you consider the context and story. (I have entire teachings up on-line, but it it verbotten to let people find the link here...sorry.)

"Biblical economics" BTW, is almost identical to Austrian economics (von Mises, Hayek, even Ron Paul.)

If you "loan" currency (which is NOT 'money,' or something real, aka 'qesef' in Hebrew, or silver in English...the very same word means BOTH) into existence, the math is simple. Think it through:

If I create one "dollar" and loan it to you, and you must repay me $1.01 at some future date - where are you gonna get the extra $.01?

Answer: Borrow it (as in 'federal reserve'). And then pay interest on that.

Do the math: You can never, EVER repay it "within a zero sum system."

They will ALWAYS collapse. Fire, or ice.

PS> I know you don't know about the Constitution for these united States. But it specifies "nothing but gold and silver COIN" can be 'legal tender.' The fiat dollar, and the "Federal" Reserve are utter abomination to the Constitution we once had.

 

[Transformator Reformator]

Patrushev said: "To achieve success in the elections, Donald Trump relied on certain forces to which he has corresponding obligations. And as a responsible person, he will be obliged to fulfill them.

First naked pictures of Melania and now this.

Donald Trump has 'obligations' to those who brought him to power—Putin ally

Vladimir Putin's aide and former Secretary of the Security Council Nikolai Patrushev has commented on Trump's victory.

www.newsweek.com

Trump to rely on forces that brought him to power — Russian presidential aide

Nikolay Patrushev agreed that Trump, when he was still a candidate, "made many statements critical of the destructive foreign and domestic policies pursued by the current administration"

tass.com

@Mark C
Thank you for your response.

 

[Mark C]

Patrushev said: "To achieve success in the elections, Donald Trump relied on certain forces to which he has corresponding obligations. And as a responsible person, he will be obliged to fulfill them.

First naked pictures of Melania and now this.

Did you actually read those articles? I found the headline incredibly misleading.

What they actually said was true - that Trump promised to work toward peace, and ending that war.

The "obligations" are to the people of the US, and to deal honorably as he said he would. I don't see a problem with that.

 

[Mark C]

...@Mark C
Thank you for your response.

YVW...

 

[Transformator Reformator]

Did you actually read those articles? I found the headline incredibly misleading.

What they actually said was true - that Trump promised to work toward peace, and ending that war.

The "obligations" are to the people of the US, and to deal honorably as he said he would. I don't see a problem with that.

I see your point. I can see how that can be interpreted that way. You made great case for correcting me.

 

[MemeFan]

Ridiculous, even at the last meeting of BRICS in Russia, foreigners were asked to bring euros and dollar. Rupees and Chinese money was not good enough.

Putin's dollar problem is on clear display at the BRICS summit, starting with the moment guests land at the airport

Mastercard and Visa halted operations in Russia. Most Russian banks take only US dollars or euros to exchange for rubles.

www.businessinsider.com

Because when BRICS has started it included membership fees in dollars. Off course, international organizations are going to use popular currencies.

Anyway, BRICS has done it's work. Look, US financial sanctions can either damage access to dollar or payment systems.

Russia already has access to payments. I think it's called Mir. SWIFT is messaging system. So it's code which can be replaced in several years.

Regarding dollars, Russia exports oil payable in dollars and/or can do swap with Chinese. Swap is replacing dollar debt with yuan debt. So no problem with debt payment.

Russia isn't just military fortress. It's also financial fortress.

 

[MeganC]

BRICS is just one of many alternatives - one more nail in a coffin.

The problem with fiat currencies occurs when someone eventually figures out they can just fart money into existence to pay their bills or to make themselves rich.

In theory the US fiat dollar is based upon a very obscure notion of the Gross National Value.

This was discussed in the 1950's when the silver standard was removed. This was one of the biggest bank robberies in human history.

Pre-1953 dollars were worth a dollar. When you had a one dollar bill it was freely exchangeable for one dollar in silver or one dollar in some other tangible value like land or etc.

The pre-1953 dollars made this clear with the statement "The United States will pay to the bearer on demand".



Post-1953 dollars said something entirely different by not saying it at all:



Instead of being exchangeable for actual money the new notes were promissory notes.

If you had the first two dollar bill then in effect you had two dollars.

If you have the second two dollar bill then the Federal Reserve owes you two dollars.

In short in 1953 the entire value of US currency and bank balances was stolen and replaced with debt instruments.

We was robbed.