88efa7 No.377486
American Economic “Doom Loop” Meets Feared Gold-Backed BRICS Currency
By: Sorcha Faal, and as reported to her Western Subscribers.
An informative new Security Council (SC) report circulating in the Kremlin today first noting the virtual Shanghai Cooperation Organization (SCO) summit, which was hosted by India on 4 July, brought the focus onto geopolitical tectonic shifts, global threats and new opportunities for Eurasian powers, says The New Delhi Declaration of the Council of Heads of State of the Shanghai Cooperation Organization placed special emphasis on the need to boost economic cooperation and remove barriers in international trade amid the socialist Western colonial powers sanctions spree, and this morning, the Reserve Bank of India unveiled its roadmap to take the Rupee global.
https://sputnikglobe.com/20230705/sco-sets-course-for-de-dollarization-security-and-sustainable-growth-1111678054.html
https://www.rt.com/india/579252-indian-rbi-global-rupee/
Along with the Shanghai Cooperation Organization moving against the socialist Western colonial powers, this report notes, the BRICS Alliance of Brazil, Russia, India, China and South Africa announced today that it’s set to introduce a new currency backed by gold, in contrast to the credit-backed US Dollar, with the decision coming a month ahead of the bloc's summit in Johannesburg—an announcement that follows American economic experts assessing last week: “The initiative, principally driven by Russia and China – the world’s largest gold producers – aims to link the new currency to a specific weight of gold…This strategy leverages their gold-rich status and presents a formidable challenge to the dollar’s pre-eminence”.
http://infobrics.org/
https://rumble.com/v2ybx2q-brics-plans-to-introduce-new-gold-backed-currency.html
https://nextnewsnetwork.com/2023/06/26/gold-backed-brics-currency-a-death-knell-for-the-dollars-global-rule/
With Deputy Chairman Alexander Babakov of the State Duma hinting last month that a gold-backed currency could have a digital component, and be supported by other commodities, including rare-earth elements, this report continues, in order to facilitate the historic change of global finance, CEO Andrey Kostin of Russia’s second-largest bank VTB observed today: “We’ve all faced the Euroclear and Clearstream problem…We believe that one of the Persian Gulf states could host the new financial depository, given the concentration of the capital in that region…The entire financial infrastructure is built in the West…We propose to create new instruments which would respond to the needs of national currency and market regulation”.
https://www.chards.co.uk/guides/brics-summit-2023-is-the-gold-backed-digital-currency-coming/1198
https://www.rt.com/business/579275-russia-alternative-eu-clearing-houses/
With socialist Western colonial controlled Euroclear and Clearstream being the main providers of settlement and related securities services for cross-border transactions involving domestic and international bonds, equities, derivatives and investment funds, this report details, their usefulness in global trade transactions is now outmoded for a world that will never exist again, as best documented in just published international affairs articles like “Eurasian Leaders Focus On Common Goals And Sidestep Disagreements” and “Why Russia And The US Will Never Go Back To The Pre-2022 State Of Affairs”.
https://www.rt.com/india/579264-sco-meeting-common-goals/
https://www.rt.com/russia/579246-russians-believe-west-wants-destroy-them/
____________________________
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88efa7 No.377490
>>377486
Joining the BRICS historic announcement of a new gold-backed currency to take on the US Dollar, this report concludes, is the just published article “Biden, Senior Officials Set Off To Tout Notorious 'Bidenomics' Across US”, wherein it cites White House communications director Ben LaBolt declaring: “You aren’t done hearing about Bidenomics”—a declaration that follows the Wall Street Journal economic article “Bidenomics 101” published a year ago, wherein it observed about demented Supreme Socialist Leader Joe Biden: “The President doesn’t appear to know anything about how the private economy works”—as to what Bidenomics has accomplished, the just published leftist New York Times article “America Is Living On Borrowed Money” reveals: “The United States now borrows heavily during periods of economic growth to meet basic and ongoing obligations…It’s increasingly unsustainable…Borrowing is expensive…A mounting share of federal revenue, money that could be used for the benefit of the American people, goes right back out the door in the form of interest payments to investors who purchase government bonds…Rather than collecting taxes from the wealthy, the government is paying the wealthy to borrow their money”—and the just published economic article “CBO Report Illustrates The Cause Of Our Debt Problem: It’s The Spending, Stupid!” most gravely warns: “The combination of rising debt and rising interest payments creates a ‘doom loop’ where interest accumulates faster than the interest gets paid down”.
https://www.nytimes.com/2023/07/05/opinion/debt-crisis.html
https://sputnikglobe.com/20230706/biden-senior-officials-set-off-to-tout-notorious-bidenomics-across-us-1111690153.html
https://thefederalist.com/2023/07/05/cbo-report-illustrates-the-cause-of-our-debt-problem-its-the-spending-stupid/
[Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]
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6c91fd No.377498
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6c91fd No.377505
If Iceland did it back in 2010, why can't modern America do the same?
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4a8a6c No.377575
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88efa7 No.377695
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88efa7 No.377757
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a4c159 No.377917
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fd171d No.377988
>>377505
Probably because the justice system in the US is fucking broken, as are all of the channels we have to make demands of the political class.
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35e24b No.378344
bumping factual rational news
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f585b9 No.378363
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5cc93c No.378427
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c96dc9 No.378457
America is run by deranged corrupt psychopaths.
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4a8a6c No.378512
Stalin could not have planned it better.
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3c5e9d No.378542
Isn't it sad that a country like India is in BRICS. They're the biggest barbarians on the planet. Nothing but a bunch of untrustworthy disgusting roaches. On average an Indian man isn't even worthy of licking an average Russian's boot. No idea why Russia would invite this cunthole of a nation into it's alliance.
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f6731a No.378556
>>378542
The Chinese are the biggest barbarians on the planet, but the US is not too far behind these days. You have to be stupid not to know nearly all governments are corrupted today and working against the interests of everyone else.
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0550c0 No.378560
>>378556
Fuck off you smelly pajeet currynigger niglet. Poo2loo people are the biggest untermensch on the planet. Even worse than the fucking pig fucking Muslims. Chinks maybe bad but at least they're not a bunch of street shitting bacteria.
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f6731a No.378588
America is on national suicide alert it seems.
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f6731a No.378601
>>378560
LOL. So what? There ain't nothing you glowing niggers can do about it. You wrecked your own Western economies already, and for what!? So others like India and Russia and China to have the upper advantage???? You all have dug your own graves.
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f6731a No.378602
>>378560
LOL. So what? There ain't nothing you glowing niggers can do about it. You wrecked your own Western economies already, and for what!? So others like India and Russia and China to have the upper advantage???? You all have dug your own graves.
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0fa43b No.378640
>>378560
I don't think half of Americans today are much better. In fact, I would suspect I'd be welcomed more in India than I would be in many States within the US today. :/
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0fa43b No.378641
America is run by deranged corrupt psychopaths.
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243c3c No.378708
Too bad, didn't have to end this way but stupidity prevailed in the West.
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243c3c No.378724
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f6731a No.378735
Too bad, didn't have to end this way but stupidity prevailed in the West.
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fa6aab No.378796
very bad leadership we have in the USSA
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4a8a6c No.379016
America is now a communist country hijacked by despots.
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c96dc9 No.379079
>>377486 (OP)
Joining the BRICS historic announcement of a new gold-backed currency to take on the US Dollar, this report concludes, is the just published article “Biden, Senior Officials Set Off To Tout Notorious 'Bidenomics' Across US”, wherein it cites White House communications director Ben LaBolt declaring: “You aren’t done hearing about Bidenomics”—a declaration that follows the Wall Street Journal economic article “Bidenomics 101” published a year ago, wherein it observed about demented Supreme Socialist Leader Joe Biden: “The President doesn’t appear to know anything about how the private economy works”—as to what Bidenomics has accomplished, the just published leftist New York Times article “America Is Living On Borrowed Money” reveals: “The United States now borrows heavily during periods of economic growth to meet basic and ongoing obligations…It’s increasingly unsustainable…Borrowing is expensive…A mounting share of federal revenue, money that could be used for the benefit of the American people, goes right back out the door in the form of interest payments to investors who purchase government bonds…Rather than collecting taxes from the wealthy, the government is paying the wealthy to borrow their money”—and the just published economic article “CBO Report Illustrates The Cause Of Our Debt Problem: It’s The Spending, Stupid!” most gravely warns: “The combination of rising debt and rising interest payments creates a ‘doom loop’ where interest accumulates faster than the interest gets paid down”.
https://www.nytimes.com/2023/07/05/opinion/debt-crisis.html
https://sputnikglobe.com/20230706/biden-senior-officials-set-off-to-tout-notorious-bidenomics-across-us-1111690153.html
https://thefederalist.com/2023/07/05/cbo-report-illustrates-the-cause-of-our-debt-problem-its-the-spending-stupid/
[Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]
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4a8a6c No.379176
Americans are far too stupid today, let it all burn.
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c96dc9 No.379328
Too bad, didn't have to end this way but stupidity prevailed in the West.
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181bda No.379360
bumping popular well respected news
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0fa43b No.379402
bumping solid stable news
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f585b9 No.379437
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b51ecc No.380548
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f6731a No.380778
bumping pragmatic news
fuck the gatekeepers 3.0
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4a8a6c No.381408
bumping important improved news
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4a8a6c No.381483
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f585b9 No.381557
bumping non-State-run news
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f6731a No.381754
If I had listened to pro-government gatekeepers years ago I'd likely be dead today. Thank God I never trusted them.
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c96dc9 No.382076
bumping real American news
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b51ecc No.382391
bumping popular legit news
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d0e21b No.382618
common sense news anti-slide
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310d29 No.382789
Too bad patriotism is punished while treason is rewarded today.
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c96dc9 No.382890
Too bad America is no longer a free country, no wonder the country is in such rapid decline.
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