This is fine! The USD is worthless! Any day now, BRICS will take over!
(media.conspiracies.win)
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Russian government allowed larger limits for the tax free cash and bank transfers for the private persons who want to move USD to USA and Europe. So they buy remnants of dollars here to bring them to US and Europe.
Question: What usually happens when amount of free USD owned by private persons on the West rises?
Also, it is 80RUR/$ today, not 82. http://cbr.ru/eng/
Kek
https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=RUB
Some moneychangers who even afraid to send roubles to anybody or anything to Russia like fucking cowards, put some random rate on their site and you believe in that shit?
I can just go to nearest bank office and freely exchange roubles to dollars or dollars to roubles in cash, or do it from home in case of bank account.
Can you? Obviously not. Because you have "freedom and democracy" instead of right to sell and buy any currency. And you somehow think that you could tell me something about USD/RUR exchange rate.
Fascinating. Tell me moar! :)
So you live in Russia?
Yes.
Just one more question!
🤣😂🤣
Just kidding.
I'm definitely crazy from the point of view of sheeple, as most sane persons here. :)
It's perfectly fine if a country don't want to use other country currency. Other countries don't need USA shitty currency too. And looking at the growing gold prices seems even Americans don't like USA shitty currency too.
Don't be afraid, your beloved USD (in some form, CBDC f.e.) will survive. Sort of. You just will not be able to buy real things around the world for USD you print endlessly, so you will have to return to manufacturing of something useful in USA to exchange on the world market.
I'll be waiting for Snap-On tools and Wrangler jeans made in USA by hands of qualified American guys f.e..
Muh E-Coin
Dollar milkshake theory. Google it and understand that and eurodollar market.
Contast that to the global and US CB tightening cycle.
Think through the effects of that on FX markets and sovereign credit markets.
Come to the other side of that phase with the next easing.
What will happen? Who will benefit? How? Who would be the losers, if they accept this?
The markets are so manipulated it is difficult to predict any of this. I try to think through it and there's so many anomalies and variables I can't foresee how it plays out, especially with the fiat currencies.
The price of gold is manipulated
The currency exchange rates are likely manipulated.
Interest rates are definitely manipulated.
Price of oil is manipulated.
I do not believe that natural, genuine market forces are at play. Such as simply supply and demand.
I agree on all counts.
It is useful to stay at top level:
Globally in demand, productive assets and materials (natural resources) will appreciate in value (against any fiat/de jure "money") on the long term, but short term dips and peaks will happen
The transition away from USD and USA lead dominance (SWIFT, USG debt) will continue, but slowly and with fits and starts and slowdowns. It won't be a "one day crash" event, it takes decades
CBs will turn paper cash into CBDCs (it is CBs liability, after all). They will first push it in eCommerce and person to person transactions. 2nd phase, they will push CBDCs for gov transactions (taxes, fines, etc) and physical store transactoins.
Gold will retain it's place, but it will also be tokenized and rehypocated and turned into all sorts of derivates. Price diff between LBA and Shanghai will diverge for physical settlement. Physical demand will always remain.
IMF and BIS will try to coordinate an alternative to USD's diminishing world reserve currency status by iinstuting a basket of currencies model, probably backed by physical natural resources, but US/UK/EU will want too much control/share of the basket and "the rest of the world" (let's call them BRICS+++) will say "FU, we have the people, we have the growth, we have the demographics, we have the natural resources, we have the real non-financial GDP growth" and go on their own. That, or they will just take over BIS/IMF and push their plan on it. The role of US/UK/EU/NZ/CAN/AUS (let's call them NATO++) will diminish, due to lack of resources/demographics/people/production capacity/non-financial GDP growth.
All this will take a long time and wars will be fought over it: currency wars, trade wars, trade barrier wars, information wars, tax wars and finally localized/controlled physical wars.
That's way things happen and have happened in history.
Of course, ANYTHING can happen, and there might be various "unforeseen factors X, Y and Z" that break down everything and it's jus total chaos.
But money and their controllers run this world, not US politicians or BIS/IMF officials.
Well Russia CB has buying gold to reduce the net circulation and using oil to backstop the selling of their currency. This clever strategy is creating a commodity peg what coincides with a secular commodity bull market.