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/biz/ - Business & Finance


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50546655 No.50546655 [Reply] [Original]

https://news.bitcoin.com/targeting-the-us-dollars-hegemony-russia-china-and-brics-nations-plan-to-craft-a-new-international-reserve-currency/

Apologies for phoneposting I'm stuck in the wagey cage.

>> No.50546676

Based Amerishart-killers

>> No.50546703

>>50546655
Send putin and Winnie the poo your energy!!! My country was invaded and defeated in 1865 by Ameriniggers and they have done a fine job of shiiting up the entire nation. May they burn in hell

>> No.50546717

>>50546655
This is exactly what I’d do if I were in their shoes…

>> No.50546746

What happens to the US when the usd loses its global reserve currency status?

>> No.50546748

Seems like they have their work cut out for them, it blows my mind that even despite inflation and US society going to shit, the world is still FOMOing into USD.

>> No.50546752

>>50546717
agreed. It's actually safer for the world to have decentralized monetary institutions instead of the totalitarian iron bank that currently exists

>> No.50546766

>>50546748
Dollar milkshake and Arthur Hayes’ last 2 articles…go!

>> No.50546775

>>50546746
hopefully they will use their immense power and wealth to adapt to reality

>> No.50546788

>>50546752
“All we can do is by some sly or roundabout way introduce something they can’t stop”

>> No.50546792

>>50546655
Someone should write an article about the US response to this and call it "Shitting BRICS"

>> No.50546931

>>50546746
Not going to happen. Two second world powers combined with three or four third world poor faggot countries don’t even come close to the economic power of the USA. Now couple that with othe first world Western countries and Russ/chink are pissing in the wind.
>t. motorcyclist

>> No.50548171

>>50546655
All the globalists fucks who have been selling us out to the Chinese for the past 20+ years deserve to lose EVERYTHING! Unfortunately they won't. Why do you think Black Rock and Bill Gates have been buying up property over theses past few years?

>> No.50549438

>>50546655
With Biden's leadership they will succ(sn)eed

>> No.50549453

>>50546655
maybe if they did it before evergrande
now both Russia and China are about to collapse

>> No.50549840

>>50546655
Honestly laughable.
Chinks are soulless road killing each other psychopaths, and also organ stealers and scammers
Russia is a bunch of cold bored violent drunks.
Indians are disgusting streetshitting scammers
Brazil is a poor fucking favela macoco eating shithole
And africa is africa

Of all the places to do business with, these should be last resorts.

>> No.50549850

None of these countries have an economy except China.

>> No.50549856

>>50546746
Hopefully the US government collapses and we lynch all the politicians and bankers.

>> No.50549888

>>50546931
>don’t even come close to the economic power of the USA.
what economic power? endless money printing? lol

>> No.50549935

>>50549888
the thing is usa is printing less than everyone else right now, they're the smartest retard on the short bus that's why dxy is soaring

>> No.50550131
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50550131

>>50546655
East is gonna Dominate

>> No.50550152

>just trust your wealth to a cabal of autocrats bro

>> No.50550172

>>50549935
As far as I know other major economies printed a lot less. DXY is up because of demand created by so much international trade and debt being done in dollars as well as it being viewed as the safest currency during turmoil.

>> No.50550180
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50550180

>>50546655
>>50546676
>>50546703
>>50546717
>>50546746
>>50546748
>>50546752
>>50546766
>>50546775
>>50546788
>>50546792
>>50546931
>>50548171
>>50549438
>>50549453
>>50549840
>>50549850
>>50549856
>>50549888
>>50549935
>>50550131
>>50550152
>>50550172


>Creating the world reserve currency

uhhh... it already exists

>> No.50550212
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50550212

>>50546655
The chink stole his people's money. He's not someone you want to have power. America is corrupt as fuck, but even they aren't THAT level of jewish. If they got big enough in power, they'd probably team up with russia to start another cold war over wanting to take over America. Putin earlier on threatened to nuke people that went against then with the Ukraine shit. These 2 are fucking nut jobs

>> No.50550400
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50550400

Delusional.
Next question.

>> No.50550478

>>50550152
Yeah bro US and EU are much more reliable when it comes to storing your wealt- aaaand it's gone, they froze your mone- aaaand they've now stolen the frozen funds. Thank you for playing

>> No.50550506

>>50550400
>heh actually our geopolitical enemies support our opposition movements
DUUUUUUDE MY MIND IS BLOOOOOOWN

>> No.50551458

>>50549888
Checked and yes.
China is NOTHING without western administrators.

>> No.50553427

based

>> No.50553626

>>50546931
>US and Westeren economic power

lol
lmao

>> No.50553665

>>50546746
It becomes extremely poor
And that's a good thing

>> No.50554564
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50554564

>>50549840
Laugh it up with your silly rant. But the BRICS have gold and gold has ALWAYS been the best money. Gold backing is what made the USD the world's currency. But that backing is long gone.

China is the world's largest gold producer and Russia is number three. Both have HUGE stashes of gold. South Africa is also a top ten gold producer and could be even better with some assistance from China. Brazil is another large gold producer and India has a mind-boggling stash of gold.

The BRICS could easily issue a gold-backed currency that would compete with the USD. And most of the world would be happy to distance itself from the psychopathic bullies running the USA.

So laugh it up, fat boy. King Dollar may be in for a rough ride.

>> No.50554899

>>50546746
No more third world immigrants since they're nothing buts economic parasites

>> No.50555327

>>50546655
this shit has been going on for like 20+ years, i don't think it's going to happen yet. i do think we'll get some jawboning of a bretton-woods iii.
>>50546717
russia just publicly established the principle of "if the world does not need russia, russia does not need the world, we will use nukes" in their defense of invading ukraine.
the US has more nukes.
>>50546746
depends on whether or not it's still in debt when that happens. if it is in serious debt like right now, it will lose its entire expeditionary military force, repudiate social welfare spending/programs, and its currency will collapse. otherwise it will be a nothingburger.
>>50546748
europeans are plagued with envy, japan is mental, and the developing world are still scam artists and low IQ copy-cats who don't trust in the future of their own people.
>>50546931
idiotic statement. there has never been an empire which did not lose reserve currency status. it may take another 800 years, but it will happen. and right now the US on track to achieve this ignoble result in just 80 years.
>>50554564
this, basically. gold is the answer to low social trust even within a shithole like china or greece. it's only because governments think they are society's managers that they prefer currency control. only in china is there any historical tradition whatsoever of leaders realizing they are not society's managers, and that instead they're more like gardeners.

>> No.50555350

>>50546655
Imagine trusting the guys who can't make working escalators or win a civil war without cannibalism to be the world's reserve currency.

>> No.50555816

>>50555350
that implies there has to be a fiat reserve currency in the first place. as an extreme contrary example, the world can simply descend into a degree of darkness it hasn't seen for some time, with new technological angles to that nightmare unparalleled in human history. it is possible that it can just have no state-issued reserve currency whatsoever in such a scenario. eventually something becomes the money good, something fills that vacuum, but that still takes time.
there's no causal requirement that a reserve currency must be replaced by another one issued by a different or more powerful state. there's no causal requirement that any of them, or gold, must bring either prosperity and peace or chaos and strife.

>> No.50556085
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50556085

XRP is the standard. Non-XRP holders on suicide watch :D

>> No.50556304

>>50550180
Holy based

>> No.50556977

>>50555327
>idiotic statement.
No one asked you kike also, go fuck your self.

>> No.50559440

didnt read

>> No.50560442

>>50549888
>T. Marxist retard

>> No.50560547

>>50546752
Who said anything about the new currency being decentralized?

>> No.50560651
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50560651

can we stop pretending we need a "new" currency while there is an ORANGE elephant in the room?

>> No.50560781
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50560781

>>50546655
Brazil will not enter of its own free will, Russia and China will probably force us to do so, since our economy depends a lot on both. We export a lot of food to China, and we also import a lot of fertilizer from Russia.

>> No.50561242

aint these niggas in the middle of starting Tiananmen square 2
https://twitter.com/CarlBMenger/status/1549790500516990979

>> No.50561252

>>50546655
Who cares what these retarded fags do.

>> No.50561348

>>50546746
Maybe we'll find out in two more weeks.