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Entry Submitted by Vee at 2:00 PM ET on August 21, 2023
Sorry for the typo’s on that post.. seems inevitable for me.
I listen to the Jim Willie video..on Arcadia Economics @ 31:20 min..
He pretty much states what I was going to convey in my post.
That the BRICS will insist that countries seeking to join it will not be able to deal with the US in buying its debt.. They may be able to keep a % of FRN-securities for trade. But with all these other counties in-joining and resources, why would they need to ?
They will pull the rug out from under this debt base system, I don’t know what he means by attacking the dollar.. but de-dollarizing is pulling the rug out of its reserve, commodity base value.
It will be FLAT d**d until it can show it has a tangible asset value.
Which makes me believe that congress has to do something. BUT.. it was the Presidents that made Executive orders to change the currency status. SO what can congress do ? Can Biden do anything ? Are we to wait on Trump to return ? This will put the RV out for a while then. SO must for the gurus intel if that’s the case.
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Vee
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