BRICS mBridge "Dollar Killer" Goes Live

[Hispo]

🍑

To me, it would not much sense to go for a devaluation of the USD, specially because of how do many countries see that currency as a store of value (at least in the mid term, it is not one in the long term). Though, during these recent debates and appearances Trump has had in public, he has shown his ignorance on how tariffs are supposed to work and how they are not going to benefit the United States people by taking money from China, but rather force businesses in USA to pay more to the State for the same importation goods they all need from abroad.
If tariffs are that difficult to understand for Trump, then I would not be surprised in the case he got convinced that devaluating their own currency would be good. Someone could put the case in front of Trump that devaluation would increase the competitivity of the USA to export more and more companies would be encouraged to keep their facilities in the continent, rather than moving to China. However, the secondary and unexpected effects are to be taken seriously.

[paxmao]

What some of Trump voters do not seem to understand - I am talking mostly about low income black & latino communities - is the effects of what Trump has in mind in their economies. I guess not knowing about economy is one of the reasons they are low income in the first place, but:

- devaluation causes strong spikes of inflation. If they think they are bad under Biden, just wait for true inflation.
- Low income people are the ones mostly buying cheap Chinese goods. Tariffs on these will immediately hit their economies.

And make no mistake, due to tariffs loopholes that Trump says is going to close, many of those cheap Chinese products are de-facto at 0% tariff today.

They simply do not understand what is going to happen.

[BADecker]

^^^ You're just upset because Trump's cancelling of Federal Income Tax doesn't reach to your country.

[paxmao]

^^^ You're just upset because Trump's cancelling of Federal Income Tax doesn't reach to your country.

I tend to distrust politicians that promise less tax but do not tell you what will they cut on. The usual answer is "efficiencies in government"... does it ring a bell?

But look, the low income black and latinos are happy with it... who am I to disagree?

[BADecker]

^^^ You're just upset because Trump's cancelling of Federal Income Tax doesn't reach to your country.

I tend to distrust politicians that promise less tax but do not tell you what will they cut on. The usual answer is "efficiencies in government"... does it ring a bell?

But look, the low income black and latinos are happy with it... who am I to disagree?

Trump out-Bidenning Biden,

[paxmao]

^^^ You're just upset because Trump's cancelling of Federal Income Tax doesn't reach to your country.

I tend to distrust politicians that promise less tax but do not tell you what will they cut on. The usual answer is "efficiencies in government"... does it ring a bell?

But look, the low income black and latinos are happy with it... who am I to disagree?

Trump out-Bidenning Biden,

He won't, but he can promise it as usual. The low income Latinos and Blacks, with due respect, are not there for being top of their class in general.

[BADecker]

~

Trump out-Bidenning Biden,

He won't, but he can promise it as usual. The low income Latinos and Blacks, with due respect, are not there for being top of their class in general.

Federal income tax cancellation works... math and logic.

[damnrancho]

Do you think the organization will do something useful?

[BADecker]

^^^ World trade without the USD is here. But the US can join as long as it accepts simple membership like any other country or business.

[Hispo]

^^^ World trade without the USD is here. But the US can join as long as it accepts simple membership like any other country or business.

But would not that be counter productive to the whole idea the BRICS is trying to do with their alliance, though? It is about the replacement of the USD as global medium of exchange in favor of they new currency.
By the way, the United States has such a bad relations with the main members of BRICS, that a membership would be rejected by Russia and China.
Still, I am curious though, assuming USA had a pass to join , what would be the conditions put onto the table for the biggest economy on the planet to get in the alliance?

It sounds almost sub-real if you think a bit about it.

[coolcoinz]

Do you think the organization will do something useful?

Nope, it won't. The goal of BRICS is not to give people any freedom and you can bet on this because China has its hands in it. The goal is to weaken the USD, just like Roger Ver was trying to weaken BTC by launching BCH and Craig Wright tried to do the same with BSV.

Unfortunately for Russia and its allies, the rest of the world will not joint hem and drop USD. Imagine Europe, which along the US is helping Ukraine, joinins Russian monetary system to weaken the US.

[BADecker]

Do you think the organization will do something useful?

Nope, it won't. The goal of BRICS is not to give people any freedom and you can bet on this because China has its hands in it. The goal is to weaken the USD, just like Roger Ver was trying to weaken BTC by launching BCH and Craig Wright tried to do the same with BSV.

Unfortunately for Russia and its allies, the rest of the world will not joint hem and drop USD. Imagine Europe, which along the US is helping Ukraine, joinins Russian monetary system to weaken the US.

But that is what competition is all about.

You can make war and destroy. Competition. Or you can build a better money system for competition that builds thing up rather than destroys.

The US/Nato money systems have a back door built in where they create new money. Done right, it works. And done like it is being done, the banking system creates double... once for the 'citizens', and a second time for themselves... all at the same time. Deflation built in.

Anything negative about BRICS as a method to rule the world.has been in action with the USD for more than 100 years. That's why the nations want to get out of it. And that is why it is so successful... not because it is good.

[paxmao]

Do you think the organization will do something useful?

Nope, it won't. The goal of BRICS is not to give people any freedom and you can bet on this because China has its hands in it. The goal is to weaken the USD, just like Roger Ver was trying to weaken BTC by launching BCH and Craig Wright tried to do the same with BSV.

Unfortunately for Russia and its allies, the rest of the world will not joint hem and drop USD. Imagine Europe, which along the US is helping Ukraine, joinins Russian monetary system to weaken the US.

But that is what competition is all about.

You can make war and destroy. Competition. Or you can build a better money system for competition that builds thing up rather than destroys.

The US/Nato money systems have a back door built in where they create new money. Done right, it works. And done like it is being done, the banking system creates double... once for the 'citizens', and a second time for themselves... all at the same time. Deflation built in.

Anything negative about BRICS as a method to rule the world.has been in action with the USD for more than 100 years. That's why the nations want to get out of it. And that is why it is so successful... not because it is good.

The only country that could even think of competing with the US dollar would be China - and I am saying competing just to follow this through, because no country would like to have money that is controlled by the CCP. Even all the "BRICS" working together are simply not trustable enough for the capital markets, but again following just for the shake of it....

China is in the middle of a ridiculously large bank crisis. We are talking thousands (I am not exaggerating) of banks that lent to local construction companies have to write 40% of bad debt. Not a coin you'd use.

[BADecker]

~

But that is what competition is all about.

You can make war and destroy. Competition. Or you can build a better money system for competition that builds thing up rather than destroys.

The US/Nato money systems have a back door built in where they create new money. Done right, it works. And done like it is being done, the banking system creates double... once for the 'citizens', and a second time for themselves... all at the same time. Deflation built in.

Anything negative about BRICS as a method to rule the world.has been in action with the USD for more than 100 years. That's why the nations want to get out of it. And that is why it is so successful... not because it is good.

The only country that could even think of competing with the US dollar would be China - and I am saying competing just to follow this through, because no country would like to have money that is controlled by the CCP. Even all the "BRICS" working together are simply not trustable enough for the capital markets, but again following just for the shake of it....

China is in the middle of a ridiculously large bank crisis. We are talking thousands (I am not exaggerating) of banks that lent to local construction companies have to write 40% of bad debt. Not a coin you'd use.

The USD Federal Reserve Bank is about to fall. BRICS will be important then. If they have a solid base by then, the US may want to join. https://bitcointalk.org/index.php?topic=5502432.msg64305751#msg64305751

[Spitogatos]

Putin is cunning, he does all this for a reason

[BADecker]

Putin is cunning, he does all this for a reason

But it is the US that is aggressive.     

[paxmao]

Putin is cunning, he does all this for a reason

Which does not mean he has always a good reason or that he is doing anything smart. Sometimes stupid is simply stupid, not a psy-op.

[BADecker]

Putin is cunning, he does all this for a reason

Which does not mean he has always a good reason or that he is doing anything smart. Sometimes stupid is simply stupid, not a psy-op.

But Putin is right this time. Even Biden admits it...

https://x.com/nicksortor/status/1811518783636537655