Is this supportive of BRICS?
cohodk
Posts: 19,117 ✭✭✭✭✭
Foreign Investors Pull Record Amount of Money From China https://www.bloomberg.com/news/articles/2024-08-12/foreign-investors-are-pulling-record-amount-of-money-from-china
Any effect on Chinese government buying gold?
Excuses are tools of the ignorant
Knowledge is the enemy of fear
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Sorry, can't read it. I refuse to pay a fee to read mainstream media. But I'm sure those pulling their money out of China have a reason. Why don't you tell us what it is.
I'm sure the $15B pulled out of China is nowhere near the loss the dollar is suffering on the world stage with BRICS now using, and increasing their non-dollar international payment methods. There was a time when the threat of US military action (ask Khadafi and Saddam) protected dollar payment systems. Appears the might of that military threat has suffered along with the might of the dollar.
BRICS is simply a union where the big boys (that are not threatened by US military action) created an umbrella that protects its little boy members from being threatened/forced to use the dollar. Expect BRICS to continue to grow in membership as the US continues to shoot itself in the foot by weaponizing the dollar (sanctions). An international reduction in demand for dollars will result in a reduction in international demand for US debt. Look for new debt to be printed out of thin air and become nothing more than a line entry on the books of the Federal Reserve and government entities such as the Social Security Fund that will be robbed of their cash. This will all lead to a dollar that means much less than it does now. Won't happen? Just look at how much less the dollar has plummeted in the last decade.
There's a new world economic paradigm in the works and the US will be far from a benefactor. Keep in mind the decline of the Roman Empire was the result of a decline in the Roman economy. Sorry, like you I don't wish this upon ourselves, but it is what it is. Thank the elected officials you put in place and thank the non-elected appointees who control your dollar destiny. Got gold?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
China Regulators Tell Some Rural Banks to Renege on Bond Trades https://www.bloomberg.com/news/articles/2024-08-12/china-regulators-tell-some-rural-banks-to-renege-on-bond-trades
Free market?
Market integrity?
Knowledge is the enemy of fear
You get what you pay for?
Good. We need to stop paying folk to behave.
Good. Let' others deal with the burden of a reserve currency.
Better make more dollars then.
Yup, thank those you elected. And your neighbors for being so weak.
Why did the Roman economy fail? Was it bad policy or poor moral character and lack of integrity? While the former can be reversed, the latter becomes entrained.
Knowledge is the enemy of fear
My US Mint Commemorative Medal Set
So what, China's stash of U.S. Treasuries and agency bonds in the first quarter of this year fell by just under $40 billion and $10 billion, respectively
Not so strange that you point out a China investment loss but act unalarmed by the fact that the US lost China as a debt holder by more than three times that amount in the same period of time.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
BRICs is nothing. It's an acronym created by Goldman Sachs, not a real monetary alliance.
China has sold hundreds of billions of U.S. treasuries since 2020. It's a non-event given our market trades $1 trillion daily.
Again....you guys need to understand that LIQUIDITY and MARKETABILITY and VOLUME are keys to being a reserve currency.
Nobody is trusting Xi or the CCP or Putin or Iran or North Korea.
.
You forgot the one major component of a reserve currency that is missing from the US Dollar: a stable store of value.
But other currencies are not much better in that regard.
Thus the reason why gold and BitCoin have been bid up.
.
https://finance.yahoo.com/news/russia-reportedly-receiving-shipments-dollars-004148712.html
I thought they didn't want dollars anymore?
Knowledge is the enemy of fear
You miss the forest for the trees. THEY TRUST EACH OTHER. And for this reason BRICS will be more than "an acronym created by Goldman Sachs."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I'm quite sure they hold no more than they feel they need.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
China US Treasuries holding in 5/2024 the same as in 10/23. And they INCREASED in 11/23 and 12/23. But jmski says ain't nobody buying but da Fed. And derry says they be a dumpin' What gives?
Knowledge is the enemy of fear
Reality gives.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
With just a quick glance... What I see in the chart is: the China holdings went down from the previous level in 7 of the time spans given, and up in only 2?? Not sure what you are trying to prove with this chart. But... like I always say.... I'm no expert.
Don't need to be no expert. The graph simply shows that China does indeed buy US Treasuries, contrary to populist narrative.
Knowledge is the enemy of fear
Can't wait till they are at zero. What's gonna happen then?
Everyone knows China has reduced holdings to bail out their economy. But, the point is to show that China does indeed buy and add to holdings. Jmski says China ain't buying. I hope he now understands that China does indeed buy treasuries.
Knowledge is the enemy of fear
Your nine month chart is but a peephole into what China's doing with US debt.
Selective data (only nine months worth?) once again. Look at the bigger five year picture charted above your chart.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Why are you being selective? Look at the bigger 20 year chart. Their holdings are much higher than then. China does buy Treasuries. Done.
But so what?
Why do you think it makes a rats rear if China holds any Treasuries? If their holdings went to zero, what would be the effect? Let's hear it.
Knowledge is the enemy of fear
As the US loses buyers of its increasing debt it and its central bank will be forced to buy it themselves. When the US directly buys their own debt they first rob and sell debt to established funds (such as Social Security) of their balances. In all other cases, guess what they buy it with?
MMT (the Magic Money Tree), the gift that keeps on giving!
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You and me and 100 million other Americans and millions and millions of other across the globe buy US debt.
The buyers actually increase.
Besides, China will always buy and their holding will not go to zero.
Knowledge is the enemy of fear
Not by choice.
The debt increases. The NUMBER of buyers is (worldwide) decreasing unless you count the endless Americans being saddled with it in many forms.
Until future US sanctions take it from them. Been done before. LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Yes...by choice.
Yes...the.number increases.
Good.
Knowledge is the enemy of fear
US dollar reserves drop 14% since 2002 as BRICS and gold challenge hegemony
“But in recent years, and especially since Russia’s invasion of Ukraine and the Group of Seven (G7)’s subsequent escalation in the use of financial sanctions, some countries have been signaling their intention to diversify away from dollars,” researchers at the Atlantic Council said.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Excellent!! This is good news.
Knowledge is the enemy of fear
Wrong, again. As the dollar loses world dominance so does it's issuer. When US is no longer a dominate power who will they have to bow to?
Well at least you're slowly learning. Wasn't very long ago that you would not agree that diversification away from the dollar was underway. Do you actually eat crow when "conspiracy" theories become conspiracy fact? Open your eyes and stick with eating quail.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Who's next?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You and your doomsday cult. RGDS!
The whole worlds off its rocker, buy Gold™.
No, I said who cares? And I repeat that. And it's actually good for the US.
Never eaten crow. But have eaten sparrows and starlings. Have had quail, pheasant, grouse, turkey, dove, goose, and duck. Maybe that's why you think I'm so fowl.
Knowledge is the enemy of fear
Venezuela.
Knowledge is the enemy of fear
Think again. Think of it as an economic union that once fully organized has the sheer size to make a big difference.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Grape in the bunker is much more productive than is one in the sand. LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Russia, Pakistan Barter Lentils for Rice Amid Payment Struggles https://www.bloomberg.com/news/articles/2024-10-01/russia-pakistan-barter-lentils-for-rice-amid-payment-struggles
Rice and beans.
Knowledge is the enemy of fear
Heh, used to be butter and beans back in my bunker days. RGDS!
The whole worlds off its rocker, buy Gold™.
Putin Confirms BRICS Developing Independent Payment System with Potential Gold-Backed Currency
Is this one of the reasons central banks have increased their gold purchases?
One western concern attracting all eyes is Turkey, a NATO member since 1952, has formally asked to join the BRICS.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
They've been trying to join the EU and Euro for decades.
It's a non-event. Belonging to BRICs is no more of a committment than joining the PCGS Message Boards.
just like joining G-7, G-20. LOL
Denial is more than a river.
You obviously don't understand why they want to join BRICS.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
They are ALL authoritarian dictatorships. The G5 and G7 are democracies where capitalism and open markets rule.
the fact that you believe the west is true democracy disqualifies you from reasonable discussion.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The fact that you focus on something as irrelevant as "true" and not the huge disparity in the rule of law and private markets in the countries you embrace disqualifes you from ANY discussion.
They are ALL authoritarian dictatorships. The G5 and G7 are democracies where capitalism and open markets rule.
"We're going to suspend the free market, in order to save it." ----- as parroted by one previous Fed puppet.
I knew it would happen.
There is no "embrace." It's all warnings brother. Disregard them at your own peril. Time to de-program the fantasy you have been fed.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The BRICS group now accounts for 45% of the world's population and 35% of its economy. Like it or not, as warned, they are becoming a large anti-dollar force and their "movement" will attract further membership.
and your point is?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Starts tomorrow: It will be interesting to hear about more real details in the coming days.
Russian President Vladimir Putin is set to meet with several world leaders in the upcoming days, including China’s Xi Jinping, India’s Narendra Modi, Turkey’s Recep Tayyip Erdogan, and Iran’s Masoud Pezeshkian.
They will all gather in the Russian city of Kazan on Tuesday for a BRICS summit, despite prior speculations that the Ukraine war and an international arrest warrant would isolate Putin.
BRICS, originally formed by Brazil, Russia, India, China, and South Africa, has expanded significantly this year. New members include Iran, Egypt, Ethiopia, the UAE, and Saudi Arabia.
Turkey, Azerbaijan, and Malaysia have also formally applied, with other countries expressing interest.
Russian officials already view the summit as a major success. According to Putin’s foreign policy aide, Yuri Ushakov, 32 countries have confirmed participation, with more than 20 heads of state attending.
Ushakov mentioned that Putin plans to hold around 20 bilateral meetings, suggesting this could become “the largest foreign policy event ever held” on Russian soil.
China and India are particularly important partners for Russia. Moscow will explore ways to expand trade and evade Western sanctions, with India being a significant buyer of Russian commodities, while China could provide dual-use goods critical to Russia’s military efforts.
Additionally, Russia aims to gain wider support for an alternative payment system to bypass the global SWIFT network, in hopes that a platform involving key players like China, India, Saudi Arabia, and Brazil could be immune from US sanctions.
Iran, another key participant, is expected to formalize a strategic partnership with Russia. This comes after Iran reportedly provided Russia with drones during its invasion of Ukraine, which both countries deny. In exchange, Tehran is seeking advanced Russian weapons to defend against potential threats from Israel.
Meanwhile, China views BRICS as a way to promote alternatives to the US-led global order. Beijing has been a key advocate for expanding the bloc, and the Kazan summit will deepen economic, technological, and military ties within the group.
My US Mint Commemorative Medal Set
The G5 and G7 are failing socialist states where cronyism, financialization and manipulated markets rule.
FIFY
I knew it would happen.
Your horse has no wagon.
Knowledge is the enemy of fear
Good read, you guys are really smart. I will say from a general perspective "countries" really do not trust each other no matter what they say....
But apple pie will save the world. LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
proposed BRICS currency:
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Will make pretty toilet paper. RGDS!
P.S. Does anyone have an ETF yet? I might buy a few shares in the play money acct. THKS!
The whole worlds off its rocker, buy Gold™.
All fiat currencies end up in the crapper
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey