How China and Russia will kill the US Dollar (with gold)
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- Опубліковано 27 чер 2024
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Is this the end of the US dollar for good? Well, that might be if China and Russia ever get their way. And the way they are possibly intending to do this, has everything to do with gold.
For most of human history, gold or silver has been used as a backing for currency. Even in the case where humans used less valuable coins or notes for trade -- like in the early British pound or ancient Chinese paper money -- these items were always backed by an equivalent amount of something real. However, this changed in 1971, when the US dollar was pulled off the gold standard. Meaning for the last half a decade, no money had any ties to a tangible thing of value.
But this could be all about to change. As a new partnership between China and Russia means that there has been a lot of under-the-table gold dealing, as well as the possibility of a new global reserve currency created by BRICS that could be backed by gold.
Let me know your thoughts below.
0:00 - Is this the end of the US dollar?
0:28 - Why gold matters to money
1:48 - The war against the greenback
3:27 - Masterworks insert
4:41 - Russia and China's gold partnership
5:31 - The BRICS currency and gold
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Presented by Sorelle Amore.
Written by Leon Hill.
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#China #Russia #BRICS
Do you think this is the end for the dollar?
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Do you think a nation will do digital currency backed by gold?
no. but you're too smart and pretty not to watch.
@@robryan8983 I hope I grow up to be as pretty and smart as Sorelle
@@mynameisneb That would make it a stable coin. How would you digitize assets? You need to cover "all the money". To suggest something like that Gold would have to be prices at millions per ounce. Then of course other metals like silver would be 8:1, the rate it comes out of the ground minus whats used in production.
What will likely happen is each country will create their own CBDC then later on start backing with with their local commodities like the Saudi coin will be oil, here in Canada Maple Syrup/beer/communism and the US endless wars and hegemony.
I can only suggest that if you havent, look into coins like XRP or any ISO20022 compliant crypto. I am super bias with XRP that also can be used without the internet, xPoP that could come in handy on the cusp of WWlll.
A little respect fellas. Sorelle, the dollar is still very strong in the world. Weakened yes and in trouble do to the 32 trillion in debt. Gold backed currency in the BRICS nations, to me, I believe means they distrust each other in the BRICS. More about they distrust one another rather than lets destroy the dollar. Although China wants to dominate, the dollar is not in danger of being extinct.
It baffles me how many Americans still believe "we are America, that could never happen to us", and I am an American living here in America. It is the same they say about hyperinflation, removal of Constitutional rights, and every other thing that continues to happen just slow enough for them to not realize it but just fast enough to be alarming to those paying attention.
The world's populace is suffering the boiling frog fate. The country's citizens that have had world attention of their governments totalitarian violent attacks over the past three years are te few that DO see what's happening. Canada, New Zealand and Victoria in Oz.
Doesn't really matter when your not in control. You can only fix things in your own sphere .
Yeah, Trump called for suspension of Constitution
Yep they are boiling the frogs for sure.. I jumped out when the water was still cold 😁
The 6th definition of the word job from the World Book Dictionary, job- a piece of public or official business managed dishonestly for private gain. used in a sentence Who makes a trust of charity a job and gets an act of Congress to make it legal to rob.
Also, Saudi Arabia is stating that it will accept other currency for oil instead of exclusively the US dollar.
Yep. Apparently it will allow China to pay in yuan.
Nothing but a bluff. USA and UK rule with an iron fist over energy.
The Saudis know better than to place themselves in sanctions that could leave them unprotected from their other enemies.
Sadam learned this lesson himself.
Saudi Arabia will likely have Iran at it's doorstep if it keeps it up. The USA is ending globalization, Saudi Arabia may be in dire straights because of that
Nice.
Yes but when? This has been talked about for many years. Haven't seen it happen yet
At this rate the next form of currency is going to be food, water, ammo, or the ability to shelter others safely. You know , like the Mad Max movies.
Awesome breakdown! Thanks for all your good work 🙏🏽👍🏽
Also, Saudi Arabia wanted to become a BRICS member and already accept the RMB. Iran also wanted to become a member of the BRICS. It will add more and more power to the BRICS currency and Venezuela also joining hands with BRICS. (Venezuela has the largest amount of oil reserves in the world with more than 300 billion barrels in reserve.) If it's happened BRICS currency is not only backed by gold but also by Petroleum. Like USD currently. And it makes the BRICS currency much more powerful than any Currency ever in human history.
I totally agree with you 👍💯
Saudi Arabia is eager to become a nuclear power asap.
Yep. And when all else fails. They take you to war. Gerald celente
Forget the "If" it is actually only a matter of 'when'.
Countries are standing in line to become the next victim of America. A reason to join BRICS faster.
Given that we lost our manufacturing base a long time ago, I'm actually amazed we haven't lost our economic power already.
Weapons...the weapons industry never left. "Security agreements" with every nation that has an embassy in Washington are an eternal cash cow. As regional nationalism replaces alliances (aka vassal states) the geopolitical landscape will go through tectonic shifts accompanied by the resulting social-economic tsunamis. This ain't gonna be pretty. Uncle Sam is getting desperate. And there is nothing more dangerous than an old senile man at the wheel of a fast moving object.
the us manages to keep it up with all the wars they lead around the world, so dont worry about your american economic power
@@fernandosousa4657 i know right. imagine trump😂
@@persona5305 get a life
Are you talking about Australia? On the long term, your economy will decline. But the Chinese need to have customers that are capable, untill their standard is high enough. Then they will smash you.
The fact you inserted "Goldmember" when you started talking about gold is brilliant editing. Hilarious.
I'm glad she is continuing to do this. Important matters needs a good spokesperson, thanks Sorelle!
It's a true shame, the 'we the people,' no longer have any say or control over our lives and destiny. A handful of people, are setting the stage for tremendous human suffering and death all around the world. Perhaps this is why so many young people have no goals or ambition, because they know there is no true freedom or future, only debt slavery?
oh you poor innocent us american
And we the people are really the indian group Mongol or so called black(Iroquois) that had their own constitution. The u.s has always been a corporation and the original flag was the moorish flag. This flag used to be seen when people spoke at the white house.
We were just given the illusion of having to have a say.
30 years ago I saw in Germany a graffiti and I believe it's still standing there that says 'if voting had the power to steer our future, it'd be banned long ago'.
I do not believe that voting is an illusion, on a small scale it DOES make a difference but it does not have a say whatsoever on geopolitical scale.
@Mama Bush 😅right? The illusion
Barry Obama in his 4th term
Some additional food for thought for you, guys: in October 2022 for the first time in Russia's history Chinese Yuan overtook US Dollar as #1 in trading volume on the Moscow Currency Exchange. Yuan now accounts for over 40% of all trading volume on the exchange, up from just 1% a year ago.
but thats not surprising, with all the sanctions for invading Ucraine
@@Ni7ram that's not the point. it's an example of how the situation can change from 'everyone wants usd' to 'everyone wants to get rid of usd' very quickly.
@@Simon-d yes and no. things can change fast? sure. but in this case, even russia wants USD.. they are just not letting get them. why would the rest of the world, in a synchronized manner, not want USD?
of course it can happen, but seems very unlikely.
what you are saying, would be alarming if happened in, i dont know, the entire european union. that would indeed be alarming. or another big country.
but in this case, its happening for a war. russia is using Yuans because they have no other option, and no other countries to sell their stuff
lift the sanctions, and im sure they will be flooded with USD again
Love your videos 👍
Easy to listen to
Great info! Keep it up
This is the biggest story on the face of the earth and not many people are aware.... 🐑
Very true.
what do you think the war is about?
@@dantronics1682 The war is about stealing resources and installing the Rainbow empires “ values “ on Russia .
Lots of us are aware, but the MSM has got their head in the sand. The only one brave enough is Tucker. He actually had Jimmy Dore on the other day.
If you want war stuff, Canadian Prepper (w/D. Pyne), Redacted, Kim Iversen and Dore of course.
Putin has wanted to take down the USD for decades knowing that everyone is paying for the US's perpetual wars. Russia and the Saudis signed a military deal a couple summers ago so that the Saudis dont wind up like Gadaffi/Saddam or almost Assad as Russia protected Assad. Syria was over the Qatar Turkey pipeline. Just follow the money because if it was about democracy they'd listen to all of us that are against the war and a democratic vote would end it.
@@dantronics1682 That's what I keep telling people and they think I'm nuts, I live in WA state among NPC's.... I don't even care about warning people.... Just working on getting outta here as fast as I can to the sticks.... I have chickens, garden, bees but I am in the middle of the most populated are in the state....
The US always defends its USD with waging war elsewhere. Since BRICS seems to be a direct threat to US hegemony over the world, this scenario of BRICS challenging USD could very likely lead to a world war.
Also, it's a good reason to stash some gold.
Well, so nuclear war?
Gold, silver, and brass are my precious metals.
Food, water, a backup power source, medical supplies, land you can grow food on, all the usual prepper stuff - enough to last a few years - will very important, too, I'm afraid.
@@nickliu5981 nukes aren't real. Hoax just like science 👍🏻
It is hard if not impossible to fund a war without tangible assets.
@Rafael Morales In America, what is learned in school is often not the best or most accurate information. Definitely be skeptical and do your best to be objective with what you find on your own time using more than just Google. If you start now, your eyes will be opened to a world you never were taught existed. I'm not saying you are wrong, but I am saying there is likely a lot more to what you were taught than the complete truth.
Absolutely brilliant!! Thank you :)
Love it! Haven’t checked you out in a minute. Keep it up! Yer an algorithm breaker.
Gold & Silver will never go out of style 🛡️👊⚔️
Great vid. Thanks
Incredible and pretty simple explanation, thanks a lot.
It's always a good time to invest in gold, but now you'd have to be crazy not to.
You do realize that if too many people invest in gold they can always do a rug pull and say "screw gold, let's use X instead (crypto, for example)", essentially taking the money of the people by dumping gold onto them. At the end of the day, the value of gold is almost as fictitious as the value of any other currency because it's not directly tied to its uses. The only things that are ALWAYS good to invest in are things that have intrinsic value
@@Vlad-bs1js like uranium?
@@Vlad-bs1js Thank you. Question: What can you use gold for? can you eat it? Then we have those fosil fuel backed currencies. All right, but the world tries to cancel out all emissions. So what will the people do with their fosil fuels? Of course they will still sell it, but it will be less worth. Because of the Europe ban of fosil fueled cars for example.
That part in the video with modern art really got me. People don't quite see how everyone tries to suck the money out of them.
What will rise in value is land where the climate crisis hits the least
@@neverrl3379 gold is univeral money, which has proven itself over many centuries. There is a video on the internet called Gold For Bread, It's about the hyperinflation in Zimbabwe. Gold is a way to protect your wealth from inflation. When the value of paper money has become ZERO gold wil still get you stuff, cause it's a medium of exchange.
Hi, Sorelle. Thank you for the video. What the BRICS nations are doing is both brilliant and paradigm-shifting. When Nixon took the US dollar off the gold standard over 50 years ago, all he did was facilitate a long, drawn-out economic decline for his own country. Other forces like globalization and outsourcing also helped to shift the balance of power. The sun is setting on the Age of America, but I'm afraid that not enough people fully appreciate that.
Great podcast well done
Glad to see your back Sorelle. Such important content you are sharing because we are living through a big shift that most do not see coming. There is one currency already backed by something tho. Thats Bitcoin and it is backed by energy. Keep up the great content
Bitcoin is not backed by energy. It needs energy to operate which has to be paid for by fiat currency. The fiat currency is what backs and supports Bitcoin. Its "value" is based upon all of the fiat currencies in the world that prop it up and support it. When hard times come, markets and currencies tank, and so does bitcoin.
"Bitcoin and it is backed by energy." - how can I can convert bitcoins back into energy? :)
Dear Sorelle, on behalf of the human race, I am so proud of what your doing, in a totally honest, open and brave way, to reveal and explain, what's really going on.
I pray for you, because we need voices and knowledge like you have, and yes, its hard is hard and burdensome, to have this knowledge, but rather that than living on a lie.
One of my favourite prayer is from KJV, Luke 12,2: "For there is nothing covered, that shall not be revealed; neither hid, that shall not be known"
Unfortunately so many people do not want to be Enlighted for real, or is under very strong mind control from "The spirit of time".
Stay tune🙂. Henrik Berg
Thanks for the info!!! This is useful to know?
Thank you so much, I love your videos.
It's not gold but economy and technical innovation that decides it all. England squeezed Spain out of its collonial gold by embarking on the Industrial revolution. This is the real battleground. Well, yes - along with hard power and resources.
Exactly, russia and third world countries are still stuck in lesson one in economy and political science
They don't understand how they became in their situation... Not because of the money... Because they can't manufacture a pen to write down the lesson
This is no longer the case. The industrial revolution allowed England , but only for a limited time to produce plenty of goods. But it has zero value as the other nations can duplicate technology. Or to duplicate and develop technology you need ressources and you only can get these ressources with reliable currency !
@@antoinemozart243 that's why china wants to conquer Taiwan (there is something called the secrets of the industry )
the whole world cannot go to the next level unless you have chips (you cannot buy nor make them in case there are economic wars
"But it has zero value as the other nations can duplicate technology"
Globalization made this very hard
even though from time to time china steal western innovations since they are incapable of supporting scientific research,
if you want to play our camp and your camp ..... who supported the eastern camp to come back into the world scene ... was the western camp but of course with limits
@@antoinemozart243 I see... Thank you!
Thank you for the video Sorelle.
You're welcome 😊
Fascinating interior design behind her.
Thanks for all the amazing information. Amazing to be living at this time and seeing all this unfold in real time
A simple analysis that anyone can understand
I would love to see gold used again. Would be nice to have. However, even if the Us was to adopt gold also, will not fix such issues as inflation, corporate greed, and the separations of the rich and poor.
What are you talking about? A return to gold would end the grip of the Federal Reserve overnight. Read your history man.
A return to gold will not only end the Federal reserve but the Dollar too.
@@antoinemozart243 the problem is gold has already been captured they can print gold now just like federal reserve notes so how is China going to fix that?
@@dc4632 I completely agree with you, but this fake gold ( paper gold) printed like a fiducial currency is based on arbitrary value ( mixing real gold with paper gold) .How long it will resist when countries like China buy a huge amount of physical gold. It will increase the distorsion between toilet gold and real gold and a parallel market will certainly emerge.
The United States currently holds the largest gold reserves in the world, with over 8,000 metric tons, which is more than the combined reserves of the 11-member nations of BRICS (Brazil, Russia, India, China, and South Africa) and the six new countries that recently joined the bloc (Saudi Arabia, the UAE, Egypt, Argentina, Iran, and Ethiopia)
I'm ready!
The US 🇺🇸 Dollar 💵 is toast 🥪
no Joe says he never gonna let to be economy destroyed
Thnx to the almighty Allah
toast got value
Fact that India was the first to propose de dollarozation in 2018
Great video 😃
Can anyone tell me the reasons for the loss of purchasing power whilst the US dollar was backed by gold from 1930 to 1970. Genuinely interested as I thought the main issue was that mass money printing allowed because the gold standard was removed. But according to the chart used the US Dollar lost as much purchasing pre the gold standard.
Inflation of the money supply makes each unit worth less. Even if it is backed by gold. That caused the fall in value before 1971.
Cheers, seems simply when you write it down ! Was locked into the idea that the gold standard put some kind of limitation on the increase in the money supply. In which case what can be done, if anything to keep purchasing power in money?
After Bretton Woods, countries gave the US gold for US dollars, to be able to trade with the US (the new economic superpower). Meanwhile, the US just printed US dollars to buy things like oil (apparently the gold standard was just for other countries). Mass money printing always eventually results in inflation, AKA loss of purchasing power, but who cares? Just print more! In the 60's some countries were not cool with this and wanted their gold back, but there wasn't enough gold! To avoid this embarrassing situation, Nixon ended the convertibility of dollars back into gold. Problem solved.
@@garthmonday Cheers , so we can safely assume then at nobody that matters is at all interested in sound money.
A gold standard only works if you stick to it. The US didn't, and printed far more money than they had actual gold reserves to back that money. Other countries started to figure this out and so exchanged their dollars for gold as fast as they could. This caused the US gold reserves to drop critically low, and produced inflation as all that money came back into the US economy.
In 1971 Nixon eventually realized that the jig was up and that the US would soon run out of gold. He was basically forced to then take the US off the gold standard. This screwed over everybody who still had US dollars, because the dollar price of gold went through the roof (which is the same as saying that the gold value of the dollar fell through the basement). People who had accepted US dollars at $35/oz of gold found that they could only get 1/10th of that when they tried to actually do the exchange. The US had effectively committed the single greatest act of financial fraud in history.
Really interesting video! Awesome, thanks!
Would it be correct to say that it'll be harder for US Reserves to implement Quantitative Easing if other nations place more value into gold? More easing will devalue USD more & less reliance on USD will also devalue it until it becomes worthless?
The United States of America, with 8,133.5 tons of gold. ... US have twice as much gold than Russia and China combined. Do your research Fake News.
Germany, with 3,362.4 tons of gold. ...
Italy, with 2,451.8 tons of gold. ...
France, with 2,436.2 tons of gold. ...
Russia, with 2,298.5 tons of gold. ...
China, with 1,958.3 tons of gold. ...
Switzerland, with 1,040 tons of gold.
Thank you so much
I like the way you take a sponsorship and convert it into a story and make money out of the story by getting people to invest in your sponsor. 👏🏻👏🏻👏🏻
Hmmm...clever yes but a little underhanded. It doesn't build your credibility.
Yeah pretty sleazy. I'm seeing it more and more with Masterworks-sponsored channels. Gross.
Well I have no money to invest 😂 so I won’t be investing! All the ads on YT are from average Joe’s claiming they’ve got the next best system for making money, trying to get poor desperate people to sign up for some course on making money. So sad. Money is the root of all evil, just look at the people ruling the world 🤦🏽♀️
👀 I finally did it! I just bought a plane ticket to Iceland 🇮🇸 but I didn't pay using gold
Woooohoooo!
Crypto. If the plane crashes in the ocean you only need to remember 12 words whereas gold in your pockets you'll be eating dinner on the Titanic.
good for you , soon even with gold you cant pay ticket ,
@@hunterslaptop7024 Do you understand the difference between physical gold and a currency that can be exchanged for gold at any time? It can be the same bytes on the account
Great post , kudos. ❤
Thanks!
heyyy saw you today at Yellow Flower! haha what a surprise! just wanted to say that I appreciate what you do and share on the internet 🙏😁
It’s good to have you back!
Thanks!
What happens to trade as prices rise in BRICs and falls in Dollars? This could become the catalyst of USA manufacturing re-emergence. RSVP your counter thesis.
There is no chance of the BRICS toppling the US Dollar. Perhaps one day it will be toppled but they are not going to do it and nor is the Euro. Before then we may see some sort of multi-polar world with a few different competing currencies. Although that will be difficult for the simple reason that single currencies do not work. It is better to have more currencies in the world than fewer for all the different countries and economic regions of the world that have different needs and circumstances. It is very difficult to get vastly different countries to agree on giving up control and forming a single currency. Even if you can do that it is then very difficult to keep such a flawed idea and currency going.
Awesome! 👏 Thank you for educating us. Nice to see a fresh face, other than the normal ones… I enjoyed your content. Keep up the good work.
normally ppl like are very much vulnerable against lies and propaganda
Nice arms!! Good report
Do BRICS Bucks play into their crypto "social credit" system?
Seems less likely, since backed by gold?
Thank you!
Not sure at all! Maybe?!
I'm wondering the same. It's probably gonna be CBDC backed by gold 🙄
@@mynameisneb cbdc will be backed by whatever is already backing the country's currency, its not a new thing like bitcoin, in otherword a £ will still be a £ regardless of if its physical or digital
CBDC are backed by nothing, same as all western currencies.
Most of the country's involved in BRICS dont have a social credit nor have I head anything on implementing them system so I dont think so
Important to note that the BRICS Alliance is also a Security Alliance . Along with countless gov't sprinting to joining up with the New Development Bank, it would appear that there is no remaining option for the western debt ponzi to survive for much longer.
The clock is ticking ⏰
BwahahahahahahaaHahahahahahahaaaaa 😂 I seriously doubt Russia has the capacity to provide for anyone's security let alone other BRICS nations. No such security alliance exists.
Russia has its own version of NATO called CSTO with some former Soviet nations and its troops were not even able to prevent conflict between Tajikistan and Kyrigistan recently. The Russian "peacekeepers" all fled. Furthermore, in Armenia, the Russian "peacekeepers" again fled and failed to protect Armenia who lost a lot of territory to Azerbaijan backed by Turkey. Russia is being greatly embarrassed in Ukraine in a second war they instigated and are now losing badly. They have lost over 140,000 of their best full-time trained regulars and are now relying on ordinary citizens and prisoners as cannon fodder to keep Putin and his ego in power a bit longer after their disastrous military operation.
China is only out for itself. It has alliances with nobody except perhaps for North Korea who they tolerate. China engages in debt trap diplomacy all over the world which is creating more enemies for them not friends. China just like Russia is often left red-faced and embarrassed when they attack countries they perceive to be smaller or weaker militarily and lose badly. India is only concerned with their own issues and they themselves often get embarrassed when attacked by other countries. Their leaders prefer to do Yogi in tights while being attacked. The Saudis are just playing part of the game. It is well known that they are not fans of the Democrats and Biden administration with good reason. That will all change in 2024. The Saudis know they will not be able to rely on Russia or China militarily. There really is only one option for them.
This will not go ahead without a war.The U.S. Will be finished.This be like the downfall of the British Empire.
This could be why U.S.is pushing for ww3
@@amossimon3438 most likely yes
Still looking for an answer to this one:-
If so many countries are stockpiling gold, why is the price not rising? Does supply and demand not operate with PM for some reason? If so, why?
Great video, looking stunning
With the BRICS buck being linked to gold what would happen to the price of gold?
If you have dollars it would skyrocket
It depends on whether the "BRICS Buck" is actively traded and how much more people trust a currency supported by Putin, Modi, and the CCP, more than they do the US Dollar and Federal Reserve. I would suggest not much. Despite its faults without America the world is going to be such a mess. I don't see China replacing the US but more likely eventually suffering the same fate as the USSR. It doesn't matter how much gold you have if you have no freedom and the government can just take everything you have and put you up against a wall.
And don't forget that some countries are also signing up to use BRICS as a currency soon
LMAO 😂 That aint going to happen. It is mostly countries humouring the laughing stock Putin and playing part of the game. If you think a BRICS currency will ever happen and people would actually trust such a currency backed by the likes of Putin, the CCP, Modi and other basket case economies and dictatorships more than the FED despite its faults then you are delusional.
Ms. Sorelle's voice is so smooth and relaxing it could be one of these YT sleep sound videos.
Great topic, great video and you look fabulous.
Long story short, even if America holds 90% of the current world's wealth, the moment gold becomes the new standard for world commerce, the value of $ could become worthless. It could be a slow process or a very fast one. "There is no secret ingredient. it's only you. Belief gives power."
@marcomongke3116 so what if the US decides to ban China from SWIFT banking like they did Russia?
Lol gold becoming the standard for world commerce, do you even listen to yourself when you type out your ridiculous and fantastical comments?
@@emilio2647 they cant cause they buy too much of their stuff
@@CurioNox8 But you seam to forget that we wont be able to buy anything anyway since the dollar will be worthless anyway. Might as well drag china down to
They already have their own system . And be sure, they will make it accessible to the Bricks.
And if someone with enough of the shiny metal were to wait for such a point in time to flood the market, would that not drive the price of gold down there by tanking the economies of others? Sounds very much like something the US would do and plan for.
interesting
Well there is a reason why whole planet begged for 30 years to abolish gold-based monetary system.
@Lotus Petal US holds the biggest reserve of gold and US is also the biggest buyer of gold. Something like 8300 tons of gold with the next country, Germany holds like 3500 tons. The gap keeps growing every year.
Federal Reserve Bank holds it in NYC, not the US Gov't. That bank is a private corporation & would likely keep it to start a new currency.
US doesn't have the gold it says it has. The FED hasn't been independently audited for years. There are also many gold ETFs where the ownership of the gold is not well defined, i.e. gold can have many owners without anyone knowing who the owners are.
Interesting stepladder.
Amazing outlook.
Add to this the U.S. debt ceiling negotiations (if they can be fairly called that), and I don't have a good feeling about the future. BRICS will have a field day and the US's elected officials will be to blame--why we vote in the most incompetent people (on both sides of the aisle) eludes me.
The US spending is out of control and something Americans should be very concerned about as it is a national security threat. None of them seem interested in reducing the debt and spending or changing the current central bank. #EndTheFED
Woah girl!?! You have been working out! Just in a few months. Nice gains, looks good love your videos
Thank you for the information it strikes the nail squarely on its head in addition to striking so are you... strikingly beautiful...Thanks Sorrelle
Informative and esthetically pleasing
Hell to the Yeah
The power to pull up in your Aircraft Carrier, fill up, hand them some paper with a promise in ink backed by nothing but the Aircraft Carrier. Then turn around and start shooting at said country as every country knows you'd better accept that paper promise.
Great post Sorelle. I appreciate all the information you are sharing here.
Wow that's awesome 😎👍
You forgot to mention a very important aspect. Circumvent US sanctions.
It's not a matter of killing the dollar.
It is returning to what should be. The gold standard
Is there a known timeline or estimate for when this hits the fan? I need to diversify ASAP😬
Could be next week. Could be in 2-3 years.
I'm looking to the BRICS summit in August as a possible watershed moment.
Don't wait another day. Whatever notions we had about how economies work are about to get blown out of the water. The world is not what it seems. Gold, arable land and water. And books, the real thing, not the kindle version. That is where I have my money on.
I would do this sooner than later.
@@josephgutknecht4514 Thanks for the tip. I saw something on digital currency by July. I think it was on Glen Beck. Not Sure.
Also, the situation in Ukraine then, will be pivotal. I think.
How did gold and silver gain this value? Could something be substituted for gold/silver?
Lead, maybe uranium.
Beanie babies .
Because it's so shiny! 😋
Seriously, I've never understood the value of gold and "precious" stones.
You can't even eat or drink it.
It only shows the skewed priorities of mankind.
@@robertvermeer5951 ha! Try eating a bitcoin. 😆. Now take a piece of gold anywhere in the world and you can exchange it for something of value.
@@castanol Bitcoin has the same problem.. no intrinsic value.
Gold is nothing more than an exchange tool, just like paper money. So the question is how can it back money with value??
Peter Schiff did a good job explaining this on The Duran last week.
I love watching your videos. ❤ 💙
That's why inflation is as high as it is. Of course, not the numbers they say on the news, it's at least double that. But keep regular people busy and focusing on barely scraping by to notice what is truly happening. USD is backed by hopes and dreams, ohh and the infinite money printer from the fed. American dream? Ha.. what's that...
Sorelle. One thing i am having trouble understanding is the role of gold and CBDC. Russia and China are ahead of most countries when it comes to CBDC. The treasury of the British government are advertising for someone to be Head Of Central Bank Digital Currency as i write this. It is said Britain could be running a form of CBDC by 2024, Russia and China Are already running pilot schemes, so what role will gold play in all of this ? CBDC are just a form of digital ones and noughts, how can you link those to gold.
I have been moving money into metals for a few years because i knew CBDC was coming; and you could lose a lot of money if they crash the banks to bring it in. But when that has happened what do i do with that metal ? What will i exchange it for ? to who ? at what rate and what will it be fixed on ? Or will you only be able to exchange it for some noughts and ones from the Central Bank, at their exchange rate ? Which kind of defeats the whole object of the exercise.
Maybe barter for goods or services?
@@kellysouter4381 Who will want to barter for it ? what will THEY do with it ? This is my point. Do you think they will let people pay their gas or electric bills with a lump of gold ? What will you pay your mortgage with, Silver ? So why would someone else take it and have the same problem ? Regarding bartering in general, how much gold would you give for a loaf of bread ? and if the baker accepted it what would he do with it, pay his bills ? I don't think it will be that easy to barter with metal and i think gold and silver will in effect be worthless to the general public. Governments will hoard gold to pay other governments for arms etc. but i am coming to the conclusion it will be useless to us plebs. We could end up selling it to the Central bank at a low premium because they know we are stuck with it.
Good point , agree .
Thanks for good information. I saw you today first time and then Subscribed you. Tell us how to buy BRIKS currency as soon as possible? And how can we store it.
love u report on BRICS. thanks
So, the problems with BRICS and any theoretical currency they attempt to produce is that there is no true economic cohesion between these nations. They aren't each other's primary trade partners, they aren't geographically collocated with each other like the EU, and and they have yet to agree on any centralized policy. The simple fact is, likely no single one of these nations trusts the other enough to subject themselves to a collective monetary policy, and that is before you get into the inherent nationalism of Russia thinking they should use the Ruple, while China would want them to use Yuan. Basically, I couldn't see these guys agreeing on pizza toppings, much less a comprehensive fiscal policy. Plus, the video is kind of glossing over one of the primary reasons that the U.S. dollar is currently used as a global currency, force projection. The rest of the world's navies combined are less than 10% the strength of the United States Navy. The U.S. got its reputation as the world's policeman because it basically governed international waters for 70 years to ensure that nations had access to secure trade. No other Nation on Earth is currently capable of that level of force projection. And history has shown us (and America has been on the other side of this a couple of times as well, we used the British Pound as our international currency through a good chunk of the 1800s) that the current Hegemony tends to be the dominant international currency.
Lol "they can't come to an agreement" 😂😂 yes I'm sure that will stop them from taking over the USD 🤣. This is why you should start supporting solar and EVs. To weaken BRICS. But either way they'll win 🤷
Your wishful thinking.
Spoken like your standard Peter Zeihan fanboy😅
Great education as always Sorelle & Team! One thing I'd like to add is it all has to do with the geopolitics and indeed the BRICS and so many other countries can no longer stand the atrocities the US government has been doing around the world since the end of WW2 and even more appallingly since it became the world's sole superpower with the collapse of Soviet Union in 1991. The US has been able to do whatever it wants to do without too much consequence thanks to their secret weapon the US$ hence why the first thing those countries who want to stop/challenge the US' sole superpower status is to get themselves less dependent on the US$ and to do so they have to start with removing the "Petro dollar" status (i.e. US$ as the main currency to trade oil and other main commodities). Currencies, gold, etc. are only tools to obtain/maintain power. Look up how many wars the US has waged around the world since the end of WW2 that they use to maintain their US$ as the world's most dominant currency. Another contributing factor why many countries want to challenge the US' sole superpower status is the domestic cultural & political shift within the US itself e.g. woke ideology, identity politics, extreme capitalism, and so on and so forth... instead of looking up to the US as the big brother who help them establish democratic societies that eventually improve living standards, many countries realise the US in conjunction with the global elitists have simply served their own self interest & greed through neo-colonialism / neo-feudalism.
This is no education this is bullshit conspiracy theory based on wrong assumption how macroeconomies work.
Hi Russian bot/stupid fucking Q-Tard
That's great news thanks honey!!!
I can't wait for that to happen
Technically, the US dollar was backed by oil, but that changed a little over a week ago when Saudi Arabia made their announcement to accept other currencies for oil. And the Russian gold backed Stable Coin crypto Currency might be the tool of BRICKS trade.
@davidford2825 I remember reading a report in the Washington Post how the Saudi Prince met with Chinese President Xi Jinping last year to discuss trade and how Saudi Arabia will start selling it's oil for yuans other than the US $.
It's pathetic enough already that if you aren't a borrower, you have no credit.
Even given that you DON'T BORROW BECAUSE YOU DON'T HAVE TO,
you're treated the same as someone who lives off of plastic and regularly files for bankruptcy
I've been thinking and expecting this also.. ..until I have changed my mind; I don't expect this to happen anytime soon.
good. it was about time.
"the east shall rule the west..."
"Coming soon..."
Great vid as always and highly appreciate your channel. Should this play out as theorized the US’ counter would be backing their dollar with digital gold; i.e., Bitcoin. This, and I say this as a long time investor of both, would deal a colossal blow to physical gold, which is already stumbling on Bitcoin’s disruptive potential.
No such thing as digital gold, it will fail just like their toilet paper money. As this video says, no physical money in the banks only digital. Something real not lies and fairytales.
After FTX crash, who even trusts bitcoin?
@@kamchatmonk those who understand Bitcoin. Many don’t.
@@kamchatmonk FTX has literally nothing to do with Bitcoin you can hold a million dollars worth of Bitcoin in your head and travel with it it's the greatest invention in human history
@@kamchatmonk problem is even for people who work in tech it can take 100s of hours of learning about it before seeing what it is but once you see you'll never unsee it so it's only going to gain in adoption
Thank you Daisy Ridley you really have become a financial expert after Star Wars!
100% AGREE!
I keep hearing this scenario, but there's a HUGE HUGE difference between BACKED and REDEEMABLE. Who's gonna take the BRICS buck to Moscow and ask for its value in gold to be paid to him on demand?
lol Ya. Lemme trust in China who lies about anything and everything, Russia who lies about anything and everything, Brazil who lies and anything and everything, and India....who, I dunno, is just there..
That's the plan Moto; they're swappable on demand.
Why do western people believe that Gold is out dated I don't understand that at all because if any one of us Finds a real gold jewelry we take it. The western world is funny and I'll never understand it and don't want to because it's Stupid.
Because all hail the US petro dollar and fractional reserve debt slavery system.
@@pituguli5816 FACTS 💯
I love your content ❤
you are genius! just found your channel now. Amazing.
I don't see BRICS heading anywhere in a hurry to be honest. The Dollar is strongly backed and none of the BRICS countries trust each other's currency. The relationships between these nations isn't all that stable either. The Dollar will be fine.
The American currency is debt currency, sure the USD will still be around just won't be used as much worldwide.
@@Im_Not_From_Around_Here Your assuming most other countries arent also in massive debt. China prints money 10x the amount the US did during the pandemic on a monthly basis. Maybe the Dollar will fall, but everything else will with it.
Do not forget that Soudia Arabia wanted to join the BRICS.
As soon as the Russian win the war, we will say bye-bye to America fake dollar 🇺🇸. China will not allow the Russian to lose the war under any circumstances. If Russian loses the war, America will go after China 🇨🇳
@@zakariyazaki2874 You forget about Nato. Do you think they will let Russia win the war? Also, even if the BRICS countries are joined by Saudi Arabia, none of them trust each other. The China economy is in a collapse, the Russian economy is terrible, whose currency would they use? China's economy needs the Dollar to stay afloat considering their own currency is next to worthless. Do you think the US would stand by and do nothing to prevent this? This isnt the first time something like this has happened, just look at history.
Just something to ponder.
You have the best videos! I’m always waiting for your impartial opinion on the issues around the world 🌍 Hello from Russia! 🇷🇺
You understand that Russia will collapse soon.
Do you? 🤔
Good I cannot wait until it happens!
Bring it on. No more free money for Professional Charity Seekers in my country as the currency becomes worthless.
Declaring war against a small and helpless nation has always been one of America's favourite solutions to its financial problems. It will probably target one of the small African continental nations this time.
They are talking about UFOs now 😂 I think this warmongering technic is over done.. They ll orchestrate some intergalactic war now I guess lol
Well, if history has any analog and you're in the US, get ready for gold confiscation. Fine art sounds like a better hedge.
Fine art is not! There is an old saying in China, in troubled times, gold is bought, and in prosperous times, antiques are bought. If you buy artworks, you have to hold and protect them until the next prosperous time come, because artworks will be heavily devalued during troubled times.
@@user-pt8og3ls5x I think you missed the point.
m.ua-cam.com/video/lDDJF0hHMio/v-deo.html
@@jdailey4063 If you are afraid of gold confiscation, don't. You can buy physical gold, then divide your physical gold into daily-use quantities and store them in multiple safe places. If the circulation of gold is prohibited by law, then the black market trade in gold will explode. So you don't have to worry about not being able to convert your gold into domestic or foreign currencies. The most important thing is that gold can preserve its value when the purchasing power of fiat currency collapses.
@@user-pt8og3ls5x when you buy precious metals over a certain amount in the US from a dealer that transaction is reported. They're gonna come looking for it.
@@jdailey4063 Well, that's a problem. But it's not very hard to solve. If you have lot of cash, you can hire people to solve this problem, just like those super rich people hire lawyers and accountants to do tax avoidance. If you are not so rich, you can solve it by yourself.
Peter Ziehan shreds everything this person said to pieces.