@derryb said:
stablecoin is the private banking sector's CBDC
I prefer chicken eggs, apples, liberty, etc., etc......cuz,,,, I can eat and still get paid. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
(1) Brazil, Russia, India, China and Saudi Arabia (BRICS) are no longer in the top 15 purchasers of US debt. Their alliance has been slowly creating new methods of international payments. This is a major challenge to the "world currency" status of the US dollar. BRICS are driving up gold prices by redirecting their purchases of "money" into gold. "Gold is real money" has never been truer.
(2) Stablecoin, seventh largest buyer of US debt, must hold one dollar for every digital coin issued. Buyers of stablecoins are investing their money in US debt. This explains the full support of the US government in stable coin issuers. With the loss of BRICS buyers, new sources must be found to keep the music going. Look for the US government itself to be forced to park much more of it's US bonds on the populace via various taxpayer programs such as Social Security funds, etc.
When gold and silver move together, it signals the coming end of fiat money.
@GoldFinger1969 said:
Now tell us how large and liquid their money markets are and how stable their currencies are and whether you can get your money out of the country.
irrelevent to the movement to shed themselves of dollars. Their alliance is based on their desire to reduce dependency on a currency that can be stolen from them by the host country or sanctioned in trade with non-US trading partners.
The real question is "why?" If you don't know the answer you should discover it - it affects the value and the future of your currency.
When gold and silver move together, it signals the coming end of fiat money.
@UpGrayedd said:
Six months ago I would have said hogwash that the US would impose capital controls or that CBDCs would be >forced upon us, but with what I have seen here lately I'm not so sure anymore.
There's not been a single article that seriously discussed this 1 in a trillion possibility.
It's not happening.
there are numerous capital controls on the US dollar. Walk into your bank and deposit $15k in cash and see what happens. Try boarding a plan with $10K of your own, legitimate money and see what happens. Get pulled over in many states with a lot of legitimate cash and see what happens.
CBDCs are being forced elsewhere. We are immune?
When gold and silver move together, it signals the coming end of fiat money.
I deposited $15K+ cash in my checking account a few weeks back. Nothing much happened, they took the $$$ and handed me a receipt.
P.S. Last I checked the BRICS were still accepting dollars. All this BRICS talk seems like a big ole nothingburger™ to me. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@blitzdude said:
I deposited $15K+ cash in my checking account a few weeks back. Nothing much happened, they took the $$$ and handed me a receipt.
P.S. Last I checked the BRICS were still accepting dollars. All this BRICS talk seems like a big ole nothingburger™ to me. RGDS!
Oh, they reported it, law requires it. They just weren't required to tell you. You should be close to getting your four year degree with the free education you are getting here.
When gold and silver move together, it signals the coming end of fiat money.
They can report away. Certainly, wasn't the first time and definitely won't be the last. Cash is king. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@blitzdude said:
I deposited $15K+ cash in my checking account a few weeks back. Nothing much happened, they took the $$$ and handed me a receipt.
P.S. Last I checked the BRICS were still accepting dollars. All this BRICS talk seems like a big ole nothingburger™ to me. RGDS!
Oh, they reported it, law requires it. They just weren't required to tell you. You should be close to getting your four year degree with the free education you are getting here.
I have to go through corporate gymnastics paperwork wise anytime we get transactions in excess of 10k cash in the same business day. We HIGHLY discourage the practice with our customers.
Umm…useful article, but the headline is click-baitish or hysterical. We are evolving towards a multipolar world with no single economic or geopolitical hegemon. It will take some getting used to in the short run, but in the long run will be good for the US.
Comments
stablecoin is the private banking sector's CBDC
When gold and silver move together, it signals the coming end of fiat money.
I prefer chicken eggs, apples, liberty, etc., etc......cuz,,,, I can eat and still get paid. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Where are the BRICs buyers?
Ranked: The Biggest Buyers of U.S. Debt
When gold and silver move together, it signals the coming end of fiat money.
Strong demand.
Knowledge is the enemy of fear
not from the old guard.
Chart tells us two important things:
When gold and silver move together, it signals the coming end of fiat money.
Monopoly Money.
irrelevent to the movement to shed themselves of dollars. Their alliance is based on their desire to reduce dependency on a currency that can be stolen from them by the host country or sanctioned in trade with non-US trading partners.
The real question is "why?" If you don't know the answer you should discover it - it affects the value and the future of your currency.
When gold and silver move together, it signals the coming end of fiat money.
there are numerous capital controls on the US dollar. Walk into your bank and deposit $15k in cash and see what happens. Try boarding a plan with $10K of your own, legitimate money and see what happens. Get pulled over in many states with a lot of legitimate cash and see what happens.
CBDCs are being forced elsewhere. We are immune?
When gold and silver move together, it signals the coming end of fiat money.
I deposited $15K+ cash in my checking account a few weeks back. Nothing much happened, they took the $$$ and handed me a receipt.
P.S. Last I checked the BRICS were still accepting dollars. All this BRICS talk seems like a big ole nothingburger™ to me. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Oh, they reported it, law requires it. They just weren't required to tell you. You should be close to getting your four year degree with the free education you are getting here.
When gold and silver move together, it signals the coming end of fiat money.
They can report away. Certainly, wasn't the first time and definitely won't be the last. Cash is king. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
I have to go through corporate gymnastics paperwork wise anytime we get transactions in excess of 10k cash in the same business day. We HIGHLY discourage the practice with our customers.
COPPER is gutter !
This article covers the points pretty well, although it is a little late to the party compared to where we were on this forum:
China is quietly destroying the dollar — and that’ll cost you. Fight back with these money moves:
https://marketwatch.com/story/china-is-quietly-destroying-the-dollar-and-thatll-cost-you-fight-back-with-these-money-moves-b21c9484
.
Umm…useful article, but the headline is click-baitish or hysterical. We are evolving towards a multipolar world with no single economic or geopolitical hegemon. It will take some getting used to in the short run, but in the long run will be good for the US.