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Thread: BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks

  1. #31
    Senior Member Morocco modwiz's Avatar
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    Quote Originally posted by That Guy View Post
    Apparently some dragons do.
    Apparently? Got some back-up for your wisdom? I figure to let you state your case before commenting further. If just ignorance, please say so.

    You and I have not yet matched wits. Care for a go?
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    "Great minds discuss ideas; average minds discuss events; small minds discuss people."-- Eleanor Roosevelt

    "Misery loves company. Wisdom has to look for it." -- Anonymous

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    Quote Originally posted by modwiz View Post
    Apparently? Got some back-up for your wisdom? I figure to let you state your case before commenting further. If just ignorance, please say so.

    You and I have not yet matched wits. Care for a go?
    This would good for the record, done in a civil manner.

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  5. #33
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    Quote Originally posted by Ria View Post
    This would good for the record, done in a civil manner.
    Should be fun, care for some popcorn ?



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    Oh ,that guy ,i was thinking ''dragons'' to the lines from say the book of man .What were you referring to. i think i will join you spiral.

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    Quote Originally posted by Ria View Post
    This would good for the record, done in a civil manner.
    Modwiz Apparently? Got some back-up for your wisdom? I figure to let you state your case before commenting further. If just ignorance, please say so.

    You and I have not yet matched wits. Care for a go?
    i sincerely don't understand what you two are implying..

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    Senior Member Catsquotl's Avatar
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    Quote Originally posted by Elbie View Post
    nobody. but it swaps well for (agricultural) goods and services.
    as it is, BRICS countries are already using their own currencies for mutual trade, settling the difference in gold..which is the way you make gold edible.

    if any new international currency is up and running and used by BRICS, it'll be backed by gold..while petrodollar remains backed by guns.
    it is then logical to expect the US will continue their wars initiative globally, while the brics block will continue their effort to expand trade mutually and increase gold reserves.

    #the five founding BRICS contires are only part of the alliance..there are 130+ countries in addition.
    I know it swaps well.
    I am glad there is gold backed money again instead of debt based.

    That said I was expressing my wish for a future where one day money is a thing of the past once we see sharing should be done from the heart. Gifting what we can and helping each other selflessly.
    That's why I said it is a good first step.

    With Love
    Eelco
    Have a great day today

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  12. #37
    Tot Founder England The One's Avatar
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    Mud slanging will be not be tolerated on the public forum and as such post will be deleted if this happens.Please do not promote this

    May i suggest that any concerns you have you do it via pm

    Cheers
    No one person can ever change the truth, but the truth, once learned, can and will change the person

    You must be the change you wish to see in the world when you are through changing, you are through


    theonetruth forum status theonetruth facebook

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    Quote Originally posted by Eelco View Post
    I know it swaps well.
    I am glad there is gold backed money again instead of debt based.

    That said I was expressing my wish for a future where one day money is a thing of the past once we see sharing should be done from the heart. Gifting what we can and helping each other selflessly.
    That's why I said it is a good first step.

    With Love
    Eelco
    i wasn't having a go at you..just reminding everyone of what is happening in other parts of the world we don't get to hear much about.
    sure, i too wish i was able to produce as many kilos of apples and tomatoes to swap it for desireable amount of say honey and various tools..without money. ..but there'd be electricity/gas supply people knocking on my door and they'd want money.

    there's a length more to go before we achieve moneyless society..

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  16. #39
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    Quote Originally posted by Eelco View Post
    I know it swaps well.
    I am glad there is gold backed money again instead of debt based.

    That said I was expressing my wish for a future where one day money is a thing of the past once we see sharing should be done from the heart. Gifting what we can and helping each other selflessly.
    That's why I said it is a good first step.

    With Love
    Eelco
    We would have to change as a species so much we would be unrecognisable to live without money, esp when you consider that most of the really vital jobs are unpleasant & very mundane such as maintaining the sewers or cutting broccoli etc etc

    Money itself isn't the problem, its the banks that "create" money & the corrupt banking & financial systems that lie, defraud & swindle that are the problem.

    Which is of course not an abstract, but a bunch of people who use trickery of every kind to keep themselves in power whilst skimming huge amounts off the top for themselves.

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  18. #40
    Senior Member Catsquotl's Avatar
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    I have a dream. That one day my childrens childrens children will have realized that a value token(mony) is no longer neccsary. that they pierced through the illusion of it all. My statement came from that dream.
    As it is I realize full well that I will not be around anymore when that happens.

    Until then I will work and use the tokens soceity pushes on us and hope that in the mean time I will see the emergence of a token system that is fair and wont allow for too much misconception, slavery and what not.

    With love
    Eelco
    Have a great day today

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  20. #41
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    Russia and gold ,at least what they are declaring for now.

    Found this interesting:

    In late November I wrote an article suggesting that it could be in Russias interest to put the rouble on a gold exchange standard. The salient points were the Russians could easily make it stick, inflation would be tamed, and importantly Russia would divorce herself from the currency war being waged against her by her NATO enemies. The immediate consequence of such a move would almost certainly drive gold prices higher, if only because bullion banks would be forced to reconsider their short positions, in the knowledge that Russia would probably become a more aggressive buyer to build her reserves.

    This move would be very good for Russia, if you understand Austrian economic theory, but would be judged reckless by mainstream macroeconomists. So it is obviously a prerequisite that President Vladimir Putins advisers would have to lean strongly towards sound money theories, if they are to advise such a move. Whether or not this is the case we do not know; the only thing we can do is look at the evidence and try to see things from Putins point of view.

    Putin is an old-fashioned mercantilist, tolerating mild dissent to preserve the appearance of democracy, but ruthless with anyone who gets in his way. He runs Russia like a business, always looking for the commercial advantage in alliances. For this reason he decided some time ago that Russias future lay as a dominant partner with China in a Eurasian super-state, and so the Shanghai Cooperation Organisation (SCO) was founded in 2001. Its a natural: Russia has the resources and China the manufacturing. The SCO will have half the worlds population under its control when India joins, and will heavily influence another billion Asians. Even Turkey, a NATO member and previously an applicant to join the EU, intends to join the SCO instead.

    The West pushed Putin in this direction, by refusing to engage with him after the Litvinenko affair in London, and by financing unrest in Georgia and Ukraine. These activities have only served to heighten Russias sense of insecurity and renewed her determination to secure her borders.

    An important feature of the SCO is that China, Russia and most of the other members have been buying gold. China has been buying since 1983 at least, but for Russia this is a relatively new activity, having lost her official reserves at the time of the Russian financial crisis in 1998. Nevertheless, she has been aggressively buying so that she has more than tripled her holding since 2005 to 1,207 tonnes, now the worlds fifth largest holding. Importantly, during the recent rouble crisis Russia continued buying gold at a time when she might have been expected to preserve her dollar reserves.

    Circumstantial evidence perhaps, but Russias gold policy clearly tells us Putins advisers favour the stuff. Of course, the reasons may not be economic, but strategic. What if his intelligence services have evidence of the lack of gold in western central bank vaults? What if the Central Bank of Russias gold dealers are setting a trap for the heart of the Wests financial system, and can break the bullion banks when they please? Both these are possible, and they may be fundamental to Russias defence strategy, given the war being waged is more financial than military.

    We can only speculate, but there is an overriding aspect of the future that Putin is almost certainly considering: his legacy. If this matters to him he will want Russia to not only survive but for her to be top-dog, with him as the architect. He has almost certainly been made aware of MacKinders Heartland Theory: he who rules East Europe commands the Heartland; who rules the Heartland commands the World-Island; who rules the World-Island controls the World. Nor is this mumbo-jumbo; MacKinders point was that the World-Island, the inter-linked continents of Europe, Asia and Africa is the largest, most populous, and resource-richest of all possible land combinations. Russias partnership with China through the SCO substantially achieves this, particularly since China now also controls Sub-Saharan Africa.

    When Putin has secured Russias borders, he will need to deal with organised crime, eliminating it as much as possible. He will have to change the way he does business and enhance private property rights. Russia with her low taxes will then be an attractive place to do business in and with. And finally, he will have to secure the currency from the increasingly inevitable collapse of the global currency system.

    This ultimately is the importance of gold for Russia, and the fact she has been acquiring it aggressively suggests Putin knows it. Remember that Putin is not like a western politician driven from one trivial crisis to another and wholly reliant on a central bank to handle money matters. Elvira Nabiullina, the head of Russias central bank was previously his personal economic adviser, and is almost certainly his personal appointee. Through her, we can assume Putin controls the central bank.

    Given that Putin is actively considering a move towards some sort of rouble-gold convertibility, it comes down to timing. Ideally, Russia would probably like to add further to its reserves, though we dont know how much non-monetary gold Russia owns. It is quite possible Russia has additional gold to the 1,207 tonnes declared so far. If so a first step would be to declare the full position, which may trigger a similar declaration from China, there then being no point in China continuing to conceal Russias true position. The more gold Russia actually has, the more likely it is to want to announce its intentions sooner rather than later.

    To a large extent timing will be down to NATO. If NATO escalates its involvement in Ukraine, with or without more financial sanctions, Russia might respond to stabilise the rouble by announcing a gold standard. The good news for us lesser mortals in the West is that at least a financial war is better than a nuclear war. Unless, that is, it becomes one.

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    Senior Member Morocco modwiz's Avatar
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    Quote Originally posted by Ria View Post
    This would good for the record, done in a civil manner.
    Dragon civility. Born under that sign. It all depends on what gets served. Ignorance is rubbing me the wrong way. One of the reasons I left briefly. Coming back meant not biting my tongue any longer. I was asked back.

    People would be well served giving some thought to their posts. Someone might take them up on their ignorance. Like LS and Stoat.

    A little mindfulness would help keep the noise down.
    "To learn who rules over you simply find out who you are not allowed to criticize" -- Voltaire

    "Great minds discuss ideas; average minds discuss events; small minds discuss people."-- Eleanor Roosevelt

    "Misery loves company. Wisdom has to look for it." -- Anonymous

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  24. #43
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    Quote Originally posted by The One View Post
    Mud slanging will be not be tolerated on the public forum and as such post will be deleted if this happens.Please do not promote this

    May i suggest that any concerns you have you do it via pm

    Cheers
    I responded to a public post, Malc. Public ignorance is not PM business. Clarity benefits all. I would ignore him before PMing him. However, point has been made. Pufferfish identified. With PM not an option, cease and desist will follow. Any buffoonery will be ignored.

    Malc, I left out of frustration with ignorance. Just so you know. Seething quietly is unhealthy.

    I must say, seeing voyeuristic popcorn being pulled out makes me disinclined to "entertain", so no worries, mate.
    Last edited by modwiz, 21st February 2015 at 16:31.
    "To learn who rules over you simply find out who you are not allowed to criticize" -- Voltaire

    "Great minds discuss ideas; average minds discuss events; small minds discuss people."-- Eleanor Roosevelt

    "Misery loves company. Wisdom has to look for it." -- Anonymous

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    Quote Originally posted by modwiz View Post
    Apparently? Got some back-up for your wisdom? I figure to let you state your case before commenting further. If just ignorance, please say so.

    You and I have not yet matched wits. Care for a go?
    Lol, hold your horses Rad, easy, easy, there is an old Teutonic tale where a dragon is filled with gold ( ate it), some hero slayed the dragon and it rained gold.

    dear god, half a page of shock and awe in two hrs time, lol

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    Quote Originally posted by modwiz View Post
    I responded to a public post, Malc. Public ignorance is not PM business. Clarity benefits all. I would ignore him before PMing him. However, point has been made. Pufferfish identified. With PM not an option, cease and desist will follow. Any buffoonery will be ignored.

    Malc, I left out of frustration with ignorance. Just so you know. Seething quietly is unhealthy.

    I must say, seeing voyeuristic popcorn being pulled out makes me disinclined to "entertain", so no worries, mate.
    Oi, there was nothing personal towards you in my response, how the hell did this manage to semi explode into this, all the troops came out, the popcorn is being prepared, dear god, wtf???

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