/biz/ - Business & Finance

>>55936777
Within the next 10 years there will be peaks of inflation in the US, they will go back to the gold standard, there will be heavy cut spendings, massive left wing demonstrations, and very likely an armed marxist revolution.

>>55936777
>digits
just like ww1

>>55936777
Bullish for XRP

>>55936777
>Brics+ will have 80% of global oil production
The US controls 19.8% of oil production by itself so I don't think you've got the math on that one right.

>>55936823
Yes seems so.
I got that from telegram. But we'll way over 50%

>>55936777
>Brics+ will have 80% of global oil production
No, under Trump the US was the largest oil producer in the world.

>>55936777

>>55936883
Well the reason is the right tries to change the system between 2015 and 2020 and saw its tyranny. And could not change. So now they are for brics

>>55936879

>>55936780
>>55936780
>Saudi Arabia moving away from USD
just the thought of this is hilarious kek, the day that happens is the day America laughs, opens up a pool chair and watch as Iran invades
watching 3rd world countries desperately try to claim global relevance through BRICS is highly enjoyable stuff, RIP to anyone that bets in its favour though (hopefully you don't put too much money down)

>>55936883
Why is Turkey in the top row? They're a NATO country but they side with Russia more often than not.

>>55936917
Nah they side with Ukraine more
Its just western media hyping up all little support for russia

>>55936857
45.3% (whilst being around 33% of global consumption) if extrapolating from 2022's oil production per day.

>>55936917
Yeah when Russia acts retarded it's fantastic for the Turkish arms industry in central Asia and grain exports so they've historically egged Russia on into shit decisions.

>>55936941
Well i mean with the new members

>>55936953
That was with the new members.

Turns out China produces more oil than Iran. Also Ethiopia produces zero.
https://en.wikipedia.org/wiki/List_of_countries_by_oil_production
It doesn't differentiate between Crude and condensate gas though for production. Only aggregate.

>>55936953
>>55936979
Also the split between private and state run oil production is pretty relevant on that page, a lot of the oil out of the middle east isn't through the state run oil companies.

>>55936908
They also hold massive reserves of USD so it would just destroy their international investment position (just like China's). This is just Russian masturbatory ambitions and not grounded in reality

>>55936890
seem like being a pussy in any random of shithole states who currently lose more dollar from selling things to the West and buying a buck at this rate

>>55936798
All but gold standard will be true

>>55936908
Iran and SA just normalized relations like 3 months ago. The neocon destabilization campaign has failed

>>55936979
Right checks out
Well most of the countries in the west produce for themselves

>>55937064
My offense was mainly at the claim 80% of the world's oil was coming from those nations, which is the kind of retardation we've come to expect from Russian telegram channels honestly.

>>55936777
2 more weeks you say?

>>55936780
>incel slavic l
cummon guys

>>55936883
My nations government betrayed me. I would rather side with my enemy than the traitor claiming to be helping me. Thats elementary school. Hell, thats fucking kindergarten. Are you really that ignorant that I had to explain this? Tell me youre joking..

>>55936883
>nooooo youre only allowed to hate your government in a symbolic and nonthreatening way!!!

>>55936898

The US is looking really bad right now and quickly losing credibility.

Funny how the BRICs cope posting picks up overnight

>BRICS+

>>55936857
Ummm okay so yeah, good thing we are mandating electric vehicles like buses, automobiles, and bicycles. The Republicans will to stop progress tho

>>55936883
No russian ever called me a nigger.

>>55937465
The US has enough oil sitting in canada and south america to not actually give a shit. It's less brics refusing to do business in dollars than it is the us refusing to do business in other currencies than their own when it comes to the oil market, which pisses off those oil producing countries because they get a worse deal having to do trade in dollars. It'll be interesting to see which side blinks first but I doubt it'll be the US.

>>55937465
shit bait

>>55937515
The problem is the US is in the business of selling dollars. If there are less buyers for dollars, then the US will won't have the revenue to fund the government.

>>55936777
I'm sure all their heads of state have taken the lead and divested themselves of all the dollars in their personal accounts

>>55937592
That would be a problem if 63% of all global trade wasn't done in dollars, but it is so there's still more than a big enough market to sell currency into. More than selling currency the US sells their military coming in to shitkick things so that business keeps running, war is a racket isn't just a book, and their response to countries not doing trade in dollars is going to be no longer playing world police in the ways and places that keep business running for those countries. When other countries treasuries start dropping the dollar in a big way and it stops being the most common currency for world trade is the time to worry and that isn't happening for the most part.

>Do you really want a world where Americans don't run everything?
>If we don't invade countries for fun, someone else will.
>We're the best alternative
I've heard this many times back in the early 2010s from Americans

>>55937618
>their response to countries not doing trade in dollars is going to be no longer playing world police in the ways and places that keep business running for those countries.
Yeah I've heard this argument many times that Americans invade countries for their own good

>>55937651
I'd rather we didn't play world police and let everyone else deal with their own problems because it's been too long since that was the case and everyone is getting real uppity. Point remains brics isn't anything anyone is actually concerned about.

>>55936777
Yeah I seriously doubt this is going to happen in practice lmao. Doesn’t US have largest gold reserves anyways

>>55937651
It’s not about invading, it’s about lack of protection. When countries stop wanting to play ball with the US and we pull our military out then that makes a country a target for takeover by some other hostile foreign country.

>>55937687
It's a little bit about invading but is largely about providing protection for a region or country. Go read war is a racket, the US does a lot of good with its military and it's responsible for a lot of technological advancements that make life better for everyone including the internet we're posting on but they very much do war for profit sometimes.

>>55937679
Oh yeah, we've got the absolute biggest reserves. So much gold. Enough for everyone and more down at old Fort Knox haha.

No, you're not allowed to see it.
Yes, we'll kill you if you try.

>>55937679
From the country that brought you "Covid Lockdowns 1: Vaxxed to the Maxx", and "No Inflation In This Nation" we bring you the new smash hit of this fiscal quarter "World's Largest Gold Reserves: Shinierer Edition 3D". Based on a true story bro!

>>55937679
The largest unaudited reserves of gold yes.

>>55937593
You think putin has dollar?

>>55937679
Well yeah they have xd
They wont lie about it xd

>>55936777
Yeah... the world can`t keep up with the infinite money printer anymore... This is really bad for US...

>>55937870
Wrong pic

>>55936857
>I got that from telegram

>>55937703
LOL the chanks locked themselves down into a fucking financial collapse, cope chang cope

>>55936777
Most non-western countries will be out of US bonds by 2025 at the current rate. World War Tour 3 coming to a country near you.

>>55936777
It's bullish for gold. Glad I loaded up before the summit.

>>55936798
>armed marxist revolution
The rednecks are the ones with the guns though. And more importantly, they know how to shoot.

>>55936777
>BRICS
>Broke Retards In need of Chinese Support

>>55936798
>armed Marxist
Armed with what, easily hurt feelings and a crushing sense that their parents see them as a mistake?

anyone link me the brics + chainlink thread from yesterday? I cant find it in warosu.. thx

>>55939881
lol

>>55936777
Kekels, shitskins and bugz will always be what they always have been.

>>55939881
this

>>55939867
hmm listen to what this redneck has to say

I've been sellin' my soul, workin' all day
Overtime hours for bullshit pay
So I can sit out here and waste my life away
Drag back home and drown my troubles away

It's a damn shame what the world's gotten to
For people like me and people like you
Wish I could just wake up and it not be true
But it is, oh, it is

Livin' in the new world
With an old soul
These rich men north of Richmond
Lord knows they all just wanna have total control
Wanna know what you think, wanna know what you do
And they don't think you know, but I know that you do
'Cause your dollar ain't shit and it's taxed to no end
'Cause of rich men north of Richmond

I wish politicians would look out for miners
And not just minors on an island somewhere
Lord, we got folks in the street, ain't got nothin' to eat
And the obese milkin' welfare

Well, God, if you're 5-foot-3 and you're 300 pounds
Taxes ought not to pay for your bags of fudge rounds
Young men are puttin' themselves six feet in the ground
'Cause all this damn country does is keep on kickin' them down

Lord, it's a damn shame what the world's gotten to
For people like me and people like you
Wish I could just wake up and it not be true
But it is, oh, it is

Livin' in the new world
With an old soul
These rich men north of Richmond
Lord knows they all just wanna have total control
Wanna know what you think, wanna know what you do
And they don't think you know, but I know that you do
'Cause your dollar ain't shit and it's taxed to no end
'Cause of rich men north of Richmond

I've been sellin' my soul, workin' all day
Overtime hours for bullshit pay

“

https://tasteofcountry.com/oliver-anthony-rich-men-north-of-richmond-lyrics/

>>55936908
>watching 3rd world countries desperately try to claim global relevance through BRICS is highly enjoyable stuff,
Agreed, it is enjoyable to watch. These dumb fuckers don't think they have to INVENT shit like phones or computers, or the internet or rockets...they actually think they can summon up parity through some press conferences while they do the same corrupt, shitty, short-sighted, IP thievery they always do.

Watching this fall apart will be funny. Someday they'll learn to push humanity forward if they want to be big shots. Right now, they're like, "We're big boys now. Mommy said so"

>>55937024
That's funny. US neocons trying to destabilize BRICS since the year 633. Good luck with that
https://en.wikipedia.org/wiki/Shia%E2%80%93Sunni_relations