MikeCristo8
@MikeCristo8
Remember what I said a week ago. The elites now hold dollar bills that they can’t even give away. #Zimbabwe
Also remember what I said a couple weeks ago. American banks will stop taking dollars (this is probably already in the works). We are at the end of the dollar system.
The stock market is funded by U.S. Treasury bonds hidden inside NGO’s.
BRICS countries are not asset driven as in bonds. They are commodities driven as in exchanges for industrialization. BRICS doesn’t need dollars, they need commodities (precious metals).
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— Michael Pettis (@michaelxpettis) October 26, 2024
It's easy to see why many BRICS countries are wary of seeking an alternative to the dollar. The nine-nation group consists of 5 surplus economies and 4 deficit economies, with surpluses in 2023 collectively amounting to…https://t.co/wzF6K9Mtyl via @scmpnews
Precious metals exchanges are the new BRICS currency. The hard asset is the basis of the new BRICS monetary system.
If commodity exchanges are the new currency. And the dollar is a credit based system. BRICS countries never need to use the (credit) dollar system ever again.
You don’t need capital investment to trade commodities as your new currency.
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Janet Yellen and Jerome Powell haven’t figured this out yet.
Source(s):
https://x.com/MikeCristo8/status/1849895141768880468
https://x.com/MikeCristo8/status/1849941573267751002
https://x.com/MikeCristo8/status/1850245746714677287
https://x.com/MikeCristo8/status/1850246815276564874
https://x.com/MikeCristo8/status/1850256327999983722
https://x.com/MikeCristo8/status/1850300698241687648
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