What Do India, China, Russia, and Now Saudi Arabia Have in Common for the New BRICS Currency?

'India ditches US dollar in Russia trade – Reuters
New Delhi turns to Chinese yuan and Emirati dirham to pay for coal from sanction-hit country'

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Brics was 20 years ago dude.

India and china are mortal enemies.

The world has changed alot since then.

Um, ya, Saudi Arabia joining and now
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ALgeria is so...20 years ago. I'm not hurrahing BRICS, I'm warning people with FRN holdings that the world is moving to make the FRN obsolete. And it is moving quickly due to the sanctions on Russia which even the EU broke today in order to get oil and gas. Wake up their kiddo!

[link to www.al-monitor.com (secure)]
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Iran weighs benefits of BRICS membership
While joining the bloc has its upsides, it will be extremely difficult for Tehran to get full benefits from BRICS without the complete lifting of Western sanctions.
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In a groundbreaking development, Iran has made its first-ever import arrangement using cryptocurrency, according to Iran's Tasnim News Agency.

“This week, the first official import order registration worth $10 million was successfully completed using cryptocurrency," said Alireza Peyman-Pak, the head of Iran's Ministry of Industry, Mine and Trade. He didn't provide any other details about the transaction, such as which cryptocurrency was used or where the imports were coming from.

This week's $10 million import order is just the beginning, as Iran works to sidestep sanctions and pursue trade with other U.S.-targeted economies. "By the end of September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries,” said Peyman-Pak.
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The signing last week of a multi-pronged memorandum of understanding (MoU) between the Saudi Arabian Oil Company – formerly the Arabian American Oil Company - (Aramco) and the China Petroleum & Chemical Corporation (Sinopec) is a critical step in China’s ongoing strategy to secure Saudi Arabia as a client state. As the president of Sinopec, Yu Baocai, himself put it: “The signing of the MoU introduces a new chapter of our partnership in the Kingdom…The two companies will join hands in renewing the vitality and scoring new progress of the Belt and Road Initiative [BRI] and [Saudi Arabia’s] Vision 2030.” The scale and scope of the MoU is enormous, covering deep and broad co-operation in refining and petrochemical integration, engineering, procurement and construction, oilfield services, upstream and downstream technologies, carbon capture and hydrogen processes. Crucially for China’s long-term plans in Saudi Arabia, it also covers opportunities for the construction of a huge manufacturing hub in King Salman Energy Park that will involve the ongoing, on-the-ground presence on Saudi Arabian soil of significant numbers of Chinese personnel: not just those directly related to the oil, gas, petrochemicals, and other hydrocarbons activities, but also a small army of security personnel to ensure the safety of China’s investments.
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Nothing to see here. For the AC who scoffed at OPEC joining BRICS. Good luck in the future. The handwriting is on the wall. The greater majority of the worlds population is done with the petrodollar, the only ones who 'don't get it' are Westerners.

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Thread: Brrrrrreaking: China ending paper trading in Precious Metals On MONDAY, could be HUGE

Getting it yet?

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3:54
bigger story is what putin and xi did
3:56
last week to sum it up they basically
3:59
solidified their reordering of the
4:01
unipolar order yes let me repeat that
4:04
they shook hands agreed to completely
4:06
reorder the control of power in the
4:08
world shifting power from the dying
4:10
western system that is headed towards a
4:12
great reset under the leadership of
4:14
klaus schwab putin literally said this
4:17
he said this in his own words about the
4:19
world neo-liberal order listen
4:22
to
4:26
that
5:34
putin and china are preparing for this
5:36
world economic forum led one world power
5:39
and they believe it will collapse under
5:41
its own failed neo-liberal weight and
5:44
just look at what's happening in sri
5:46
lanka in the netherlands in canada all
5:49
manner of neo-liberal agendas collapsing
5:52
those countries now what's been missed
5:54
in all of this is that russia and china
5:56
have been much more effective in
5:58
draining their own swamps of deep state
6:01
actors this is very important those deep
6:03
staters that the world economic forum
6:06
rely on to carry out their wishes the
6:08
united states europe australia canada
6:11
they're all drowning in these deep state
6:14
rats that run these governments putin
6:17
started in the late 1990s to drain the
6:19
swamp in russia and western countries
6:22
are now controlled by the swamp big big
6:25
difference and the same thing happened
6:26
in china by the way now perhaps the
6:28
biggest difference of all is that the
6:30
united states and europe are moving to a
6:33
consolidated digital currency that won't
6:35
be backed by anything
6:38
and it won't even be backed by any one
6:40
specific government it will be the new
6:42
liberal world order government that the
6:44
world health organization has talked
6:46
about it won't be backed by gold it
6:48
won't be backed by silver it won't be
6:50
backed by fossil fuels not anything
6:53
nothing simply the neoliberal power
6:55
dynamic backed by the military strength
6:57
how sustainable is that
6:59
gold and silver precious metals have
7:01
sustained for over 4 000 years they've
7:04
helped dynasties build and sustain on
7:07
the backs of precious commodities that's
7:10
how it works and china and russia have
7:12
been buying up and hoarding as much gold
7:14
and silver as they can get their hands
7:15
on and firming up their countries
7:17
currencies while democrats in the united
7:19
states are trying to combat inflation by
7:21
printing even more money yes that's
7:23
right the new inflation reduction act is
7:26
simply printing billions of dollars that
7:29
we don't have so i'm gonna ask you this
7:31
then which solution do you think makes
7:33
more sense
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Get it yet? The West is being left in the dustbin of history.



Last Edited by St Tidbits the Odd on 08/15/2022 02:45 PM

When BRICS largest economy has to do this...

https://twitter.com/_/status/1549790086656581640

real great trade alliance.

Guess who is going to stop taking fiat backed by nothing but your labor\or lack there of?

What is backing fiat is the promise to use force to make people work like slaves for free.

Even Zimbabwe is seemingly joining with their new, gold currency. Getting the picture?

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https://imgur.com/a/L1OZuKj

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“Following the successful launch of the gold coins on 25 July 2022 and in response to public demand, the bank shall introduce and release into the market gold coins in units of a tenth ounce, quarter ounce and half an ounce
for sale with effect from mid-November 2022,” Reserve Bank of Zimbabwe governor John Mangudya said this week.

The coins, which can be purchased from approved banks, were introduced to combat rampant inflation driven by locals exchanging Zimbabwean dollars for US dollars. In July, Zimbabwe's price inflation rate was over 250%.

The coins have "liquid asset status," according to the Zimbabwe central bank. That is, they're "capable of being easily converted to cash and [are] tradable locally and internationally...[and] may also be used for transactional purposes."

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Last Edited by St Tidbits the Odd on 08/15/2022 05:29 PM

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Iran And Russia Move To Create A Global Natural Gas Cartel
Russia and Iran are building the foundation for a potential natural gas cartel.
The Russia-Iran alliance aims to control as much of the two key elements in the global supply matrix as possible.
“Gas is widely seen as the optimal product in the transition from fossil fuels to renewable energy, so controlling as much of the global flow of that will be the key to energy-based power over the next ten to twenty years", according to a senior source who works closely with Iran’s Petroleum Ministry.
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Will the American dollar be dropped as the major currency for international trade?

Saudi Arabia recently announced that they may soon drop the petrodollar as the money benchmark in which their oil export prices are quoted. They would now be using the Chinese Yuan.

This is a shocking development.

Saudi Arabia has functioned as an American protectorate in the Middle East, doing her bidding in Yemen, Iraq and elsewhere. There are now plans by America to use Saudi Arabia to establish a ‘Middle East NATO’. This is aimed at curtailing the revolutionary, national independence aspiration of countries in the region who have thrown off, or want to throw off, historical neocolonialist and imperialist yolk.

But if there are political tensions between America and Saudi, what will happen to the grandiose, militaristic plans?
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Shithole alliance

Um nope. Carry on though.

Thread: BRICS President Says Russia and India No Longer Need US Dollar

Thanks OP. Definetly interesting times. Maybe one would think it wise to place a % of their portfolio into hard assets like Gold and Silver. Hard silver is at $19 which is much lower than I bought it just a year ago.

Ah shit...they might go there
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https://twitter.com/_/status/1563471824947531777

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The other key development is that Russia is moving to rapidly step up its investment in the Iranian energy sector.

This is noteworthy because Iran is second-largest natural gas reserve holder in the world, behind Russia. Most of Iran's gas reserves are undeveloped, however.
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By the start of 2022, the Zimbabwean dollar was worth about 108:1 USD. And it’s now trading around 520:1.

But hey, that’s way better than the 35 quadrillion to 1 ratio of 2009…

There has been an interesting development, however. Instead of continuing with its failed policies, the central bank of Zimbabwe has begun issuing gold coins.

And the 91.67% pure, one ounce Zimbabwean gold coins are currently going for about $1,830 USD.

As of early August, about 4,500 had been sold to be used for local trade, which means they’re circulating as a legal currency in the Zimbabwean economy. That makes these gold coins the most stable currency in the world.

Now, personally I’m a bit skeptical and would love to see a full chemical assay to make sure the coins are actually as pure as the government claims.

Also, crypto would be MUCH better medium of exchange for day-to-day transactions than gold coins.

But (assuming everything is legitimate) Zimbabwe is at least taking a step in the right direction, which is more than most western governments can say for themselves.

Sure, the US, UK, and Europe don’t have anywhere close to Zimbabwe’s level of inflation, which was more than 200% in the last 12 months.

But since 1971, when the US dollar was decoupled from gold, the value of the US dollar has fallen by nearly 87%.

Even worse is that interest rates in the US (when adjusted for inflation) have been negative for most of the past twenty years. Anyone who responsibly saved their money in, say, a savings account, LOST money after accounting for inflation and taxes.
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Checkmate. Got physical ANYTHING?
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Towards the end of July, news emerged in the Russian media that Moscow and a number of its Eurasian allies are now reviewing a proposal to create an entirely new trading and pricing infrastructure for the international precious metals in order to both destroy London and New York’s monopoly over global precious metals pricing, and to stabilize the Russian gold market.

This infrastructure would take the form of:

– a Moscow World Standard (MWS) for precious metals trading, akin to the London Good Delivery List of the London Bullion Market Association (LBMA)

– a new international precious metals exchange (trading venue) headquartered in Moscow based on the MWS, and known as the Moscow International Precious Metals Exchange

– a Price Fixing Committee, with price discovery and new precious metals price fixings based on the MWS, and reference prices derived in the national currencies of participant countries or in new international settlement units

This article will review these developments, explain who has proposed them, explore the potentially wide range of countries that could participate in such a system, and look at the originators’ thinking on what gold and other precious metals pricing should be based on.

The reported sources discussing this new precious metals ‘proposal’ information primarily come from 3 Russian news sites, namely Prime (part of media group RIA Novosti), RBC business daily (part of RBC media group), and URA news (a Yekaterinburg based news site). All of the sources have been translated from Russian into English.

Russian Finance Ministry to Market Participants
Early on 28 July, in an article titled “The Ministry of Finance of Russia proposes to create the Moscow Standard for Precious Metals”, business news site Prime (RIA Novosti) stated that based on a letter sent from the Russian finance ministry to financial industry participants and seen by RIA Novosti:

“The Ministry of Finance of the Russian Federation proposes to create a new international standard for the precious metals market – Moscow World Standard (MWS) – to normalize the functioning of the precious metals industry.”

Later that same day, in an article titled “The Ministry of Finance explained the idea to create a new standard for the precious metals market”, RBC news site said that:

“The Ministry of Finance did not come up with a proposal to create a new international standard for the precious metals market, the ministry’s press service said.”

“’As a regulator of the industry, the Ministry of Finance redirected the proposal received by it to market participants to evaluate it and provide a position on the advisability of its implementation,’ the press service said."

So according to RBC, the Russian finance ministry did not propose the World Moscow Standard and the precious metals exchange idea, but merely forwarded it to industry participants in the Russian financial markets.

Then the question arises, who did create the proposal? For the answer, we turn to news site URA.
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The world used to trade oil in dollars in exchange for security from what used to be the mightiest military in the world. Now that the US has a army of pansies the world knows the US can't protect them anymore.

https://twitter.com/_/status/1566719433975939075

Get up, go outside, buy a few ounces of whatever. Your government hates you via Saul Alinsky. Don't get fricking murdered by zombies. Fasten your homes, hunker down for a bit and remain calm because when BRICS blows its top...we get the shrapnel unless prepared.

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Trade between BRICS partners, Russia and China, has been hitting record highs despite Western sanctions
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An Asian Bretton Woods?
Sep 7, 2022
·
Alasdair Macleod
The financial war between Russia with China’s tacit backing on one side, and America and her NATO allies on the other has escalated rapidly. It appears that President Putin was thinking several steps ahead when he launched Russia’s attack on Ukraine.

We have seen sanctions fail. We have seen Russia achieve record export surpluses. We have seen the rouble become the strongest currency on the foreign exchanges.

We are seeing the west enter a new round of European monetary inflation to pay everyone’s energy bills. The euro, yen, and sterling are already collapsing — the dollar will be next. From Putin’s point of view, so far, so good.

Russia has progressed her power over Asian nations, including populous India and Iran. She has persuaded Middle Eastern oil and gas producers that their future lies with Asian markets, and not Europe. She is subsidising Asia’s industrial revolution with discounted energy. Thanks to the west’s sanctions, Russia is on its way to confirming Halford Mackinder’s predictions made over a century ago, that Russia is the true geopolitical centre of the world.

There is one piece in Putin’s jigsaw yet to be put in place: a new currency system to protect Russia and her allies from an approaching western monetary crisis. This article argues that under cover of the west’s geopolitical ineptitude, Putin is now assembling a new gold-backed multi-currency system by combining plans for a new Asian trade currency with his new Moscow World Standard for gold.
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Add Africa as a whole now. This is what Qaddafi was working on before LIbya got bombed back to slave trading days. WHo stole their gold? What else happened there?

[link to mises.org (secure)]

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In “Africa’s Way Out of Monetary Colonialism,” the author explains why and how fiat money damages African economies and lives and points out that a common African gold currency, a long-held vision that many Africans still hold, is a way to effectively achieve monetary and thus economic independence. That being so, this article presents the nilar, a pan-African gold currency.

Why the Name Nilar?
Nothing is more symbolically and historically pan-African than the Nile River. The Nile is Africa’s and the world’s longest river. Its drainage basin includes a whopping eleven countries: the Democratic Republic of the Congo, Tanzania, Uganda, Rwanda, Burundi, Kenya, Ethiopia, Eritrea, South Sudan, Sudan, and lastly, Egypt, where the Nile crosses to reach the Mediterranean Sea.

The Nile is also the world’s most historical and culturally significant river. The Nile valley is home to some of the earliest and most remarkable civilizations. In short, the Nile River is the most iconic, mythical, and emblematic river in human history. A river that, for thousands of years, symbolizes life, development, and prosperity. Similarly, if implemented, the nilar would create a new life of stability and development for an economically unified Africa.
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https://twitter.com/_/status/1571003696154308610

I'm not saying 'this is good'. I'm trying to tell you wtf is going on. To little avail it seems. I'll just keep adding. That way I can SMH when ya'll bitch when the FRN goes 'poof'.

None of those countries have a fentanyl problem killing their youth at over a 100k a year like the US is.