Y’all watching China

a reply to: Ahabstar

He got caught contradicting himself and now he's stuck. First he said the value of the dollar dropped when the value of gold dropped. Then he said the price of gold was fixed and that it didn't move. He blurts out whatever crap is in his head and then accuses anyone who catches him of not understanding the issue.

Same old crap - different thread.

originally posted by: Vroomfondel
FFS!

Its not MY concept. Its BRICS.

They are not even remotely considering a rare earth backed commodity, that's your inane idea. FFS, stop making things up.

a reply to: JAGStorm

We are ALL Actors , and ALL The Worlds a Stage . REALITY CHECK in Progress...........

originally posted by: Vroomfondel
a reply to: AugustusMasonicus

FFS!

Its not MY concept. Its BRICS.

Go argue with them if you think you know more than they do.

Wow - you really are freaking ignorant. Reading comprehension is not your friend. He never even heard of you...

Do you really expect ANYONE to believe you know more about international economics than Brazil, Russia, India, China and South Africa? I know you are a supremely arrogant POS but damn...I never thought you would go that freaking far to assert your imaginary superiority...

The lunatics have taken over the asylum.

a reply to: nerbot

Dark. But I increasingly think this is true.

Some sinister aspects that seem to be sideline plays but will be pulled into focus as it all develops. I hope I'm wrong though.

originally posted by: AugustusMasonicus

originally posted by: Vroomfondel
FFS!

Its not MY concept. Its BRICS.

They are not even remotely considering a rare earth backed commodity, that's your inane idea. FFS, stop making things up.

Do you ever tell the truth? The OP suggested the idea of a rare earth based currency from BRICS based on another thread here. You keep saying it is me making things up, then you attack me for it. Nice straw man. (Its all you have so stick with it) All I did was comment on the subject of, stay with me now.... THIS THREAD. So stop accusing me of making things up and try, ffs sake, please try to pay attention.

Iran has applied to join BRICS. Russia is Iran's ally, and China is the primary customer of Iranian oil. Iran's significant oil deposits are probably desirable to the other BRICS nations. Argentina has also applied to BRICS. Argentina has large deposits of oil, metals, and beef production. The resources of Iran and Argentina are strategic if BRICS successfully create a commodity-based currency. After Russia pegged the Ruble to gold earlier this year, the likelihood of a BRICS commodity-backed currency significantly increased.

link

Its nearly a sure thing that it will be a commodity backed currency. It could be gold, since South Africa and Russia are major producers along with other BRICS nations to varying degrees. The US and Canada are the only G7 countries that produce any significant amounts of gold. However, China, Russia, Brazil, India and South Africa possess roughly 74% of the worlds known rare earth material reserves. G7 countries possess roughly .06%. I think BRICS could control their currency very easily with rare earth metals backing it. Why would they choose a commodity that allows the US any significant degree of control when they don't have to, and the whole purpose is to destabilize the US economy and devalue the dollar?


You act as if BRICS has to clear their plans with you before they do anything. Just be honest for once. You have NO idea what they are planning to do. I commented on the OP and the possibility that it might just be in BRICS best interests to create a currency backed by materials they possess in great quantities and we do not. If you don't understand that then this topic is too far over your head for you to continue.

Psst…whole bunch of Lithium (and gold for that matter in seawater). Like off the coast of LA and while extracting…how about ditching the sea salt to for fresh water?

The dried up Salton Sea I hear is loaded with rare earth minerals now. The water dissolved the minerals and they settled out as the water evaporated. The EPA is going to keep them from harvesting that for a bit I am sure. People at the Tippy top have to keep China as the source of all this or they will suffer the loss of their free money from the Red Chinese Gov.

originally posted by: Arnie123
a reply to: JAGStorm

That's basically saying, as we've been saying, the capacity to mine rare earth is within US ability and can be of significant advantages.
I can think of just two areas off the top of my head, however, A.) you're just proving alternatives to chinas claim as top miner simply because we don't want to do it and B.) See Augustus post above.

We've had discussions before involving rare earth minerals and they lead to moot points, so...

originally posted by: Vroomfondel
Do you ever tell the truth? The OP suggested the idea of a rare earth based currency from BRICS based on another thread here. You keep saying it is me making things up, then you attack me for it.

And you totally agreed with that inane premise and promoted it:

Your assertion about a commodity based currency being too volatile and easily manipulated is completely backwards. Currency backed by commodities is always more stabile and less easily manipulated than fiat currency or worse yet, digital currency.

It's not stable nor less easily manipulated.

Look, you're doing it again:

Its nearly a sure thing that it will be a commodity backed currency.

No, it won't, because they aren't so stupid to believe it would work.

China going to collapse from within...
They just received the warnings: take actions or total destruction from gods !

china will continue Its expansionist policies and be troublesome towards West & USA for decades...but exactly when China embarks on a 200,000,000 person Army build-up , remains 'Blowing in the Wind"

the USA, is indicated in Prophecy/forecasts, as being Mystery Babylon and is consumed by fire in all 50 States as battles rage both from invaders from within and aggressions from Cartels/religion zealots/migration hords of invaders as social order collapses completely...lawlessness reigns

a reply to: AugustusMasonicus

Wrong again as usual.

You don't think it could happen. Good for you. BRICS thinks it could. I will take their word over yours any day of the week.

Russia has already pegged the ruble to gold. It IS a commodity backed currency. It is very likely any currency developed by BRICS will be also. I refer you to the quote from the cited reference I showed you above. Remember that reading comprehension and paying attention thing I was saying....

After Russia pegged the Ruble to gold earlier this year, the likelihood of a BRICS commodity-backed currency significantly increased.

You aren't arguing with me, you are arguing with the professionals I am quoting. And you are losing.

BTW, are you ever going to address your earlier contradiction of a fixed price commodity that changes price when the commodity changes value even though its fixed and cant change? I was just wondering how long you are going to try to duck that beautiful piece of bs.

originally posted by: Vroomfondel
BRICS thinks it could.

They haven't even mentioned a commodity backed currency. Only the economically ignorant have.

SPAM

a reply to: Vroomfondel

if that does happen it means another space race , as there are trillions of rare earth metals up there

a reply to: TheRedneck
If China didn't care about human lives and only focused on economic profit, there would not be so many lockdowns all across China during the past 3 years. actually average life expectancy of China just overtook that of US from last year since US just let over a million die from the covid.
As for environmental issues and pollution, China does care about them, actually air pollution has been greatly improved during the past decades and China also puts billions on the development of clean energy. Your comments are just based on what you have been fed by propaganda, not facts.

a reply to: xizhimen

Your comments are just based on what you have been fed by propaganda, not facts.

Actually, they're based on multiple conversations with multiple Chinese nationals studying at a USA university.

But what do they know, right? They just live there. You're probably correct, since I've heard the same thing from the guy inside the TV and we all know he's never wrong.

TheRedneck

a reply to: Arnie123

I applaud your effort to try and educate the ignorant. This is a forum replete with those who have little power in reality and barely understand what is going on. It's why magical thinking pervades this forum. They connect dots in their limited reality best they can. The forum is really about denying ignorance. We need people who can think logically and understand reality as it is. But you have to wade through a sea of ignorance masquerading as secret knowledge with a torch of logic and critical thinking. It is a hard row to hoe.


V

a reply to: Variable

Thank you and you're correct. Some people just don't have that perspective to see logical patterns.

The OP went from Commodity backed rare earth elements, we've shown him why that wouldn't work, then the OP lashes out and screams it was the BRICS all along. Somehow, along the way, the conversation veered into gold back dollars and the fixing of gold prices, then back to screeches.

Often time, netiquette is a necessary trait to navigate the internet forum boards.

China blatantly lies about Taiwan being part of China, historically i dont ser it that way.

The same false argument was what Russia claim about Ukraine.

Country that lies so blatantly, can not be trusted, never .

The verdict , Premier Xi lies.