(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.
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
@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.
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
@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?
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
@blitzdude said:
I deposited $15K+ cash in my checking account a few weeks back. Nothing much happened, they took the $$$ and handed me a receipt.
P.S. Last I checked the BRICS were still accepting dollars. All this BRICS talk seems like a big ole nothingburger™ to me. RGDS!
Oh, they reported it, law requires it. They just weren't required to tell you. You should be close to getting your four year degree with the free education you are getting here.
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
@blitzdude said:
I deposited $15K+ cash in my checking account a few weeks back. Nothing much happened, they took the $$$ 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.
Comments
stablecoin is the private banking sector's CBDC
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
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????
Where are the BRICs buyers?
Ranked: The Biggest Buyers of U.S. Debt
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
Strong demand.
Knowledge is the enemy of fear
not from the old guard.
Chart tells us two important things:
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
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.
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
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?
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
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????
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.
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
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????
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 !
