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1. Chineseman 🟥 #nobot (iamal_pharius@poa.st)'s status on Monday, 03-Apr-2023 23:38:26 JST Chineseman 🟥 #nobot

   • :bible_wh::confederateflag:RMIV⛎:sonnenrad::yay:
   • teknomunk
   @RMIV @teknomunk USD doom loop caused by america's controllers utterly trashing its "rep". currently no one wants to buy american debt.
   
   Globally its used to invest, hedge, price goods, trade goods, back other currencies. When it goes, everything will go, and there is no good candidate to replace it. Commodities have some solid value but when insurance/lending goes away, industry output goes, then your commodities are worth less. Worst affected are those who use it as a store of value. some economists have been saying that USD inflation will lead to famines because poor countries need to compete for food using USD.
   
   Thats why you seen even the inconsequencial countries starting to diversify away from it now.
   
   removing the wealth factor, global recession likes to bring out caveman competition behavior. crime rates go up and suddenly no one wants to live in uncivilized urban zoos.
   
   For countries, unless youre a producer of "it", your probably not getting "it". For people, unless you can secure "it", you dont own "it"
   
   BRICS talking about a new currency is vapor. Even if they back it to rare earth or gold, everyone is on the USD system so much, there will never be equvi sized financial market to rival it. doesnt help that the people on the old system want to keep some kind of value and wont make the switch willingly.
   
   The pain will have to happen before a replacement take over.
   • Weaf :jv::nv: likes this.
   • 寮 (ryo@social.076.moe)'s status on Monday, 03-Apr-2023 23:58:15 JST 寮

     in reply to
     There's an alternative, and 3 out of 5 BRICS countries + Turkey are really boasting, as well as most of Asia technically being one without officially boasting it: the civilization state model.
     So each civilization being independently run and figure out their own shit, like how that has been the case throughout history until WWII, meaning that clearly this model just works.
     
     Plus the BRICS countries have almost all agreed to trade with each other using their own currencies (and so to skip the USD altogether), because if America has shown they can just cancel an entire country that's also quite a beefy military and economic power too off the system, I'm not surprised at all that more and more countries are dumping the USD.
     
     Right now it's mostly the poorer countries pulling out first, and it's a matter of time before the rest of the world follows suit.
     今も元気ハツラツ太郎 likes this.
   • :bible_wh::confederateflag:RMIV⛎:sonnenrad::yay: (rmiv@poa.st)'s status on Tuesday, 04-Apr-2023 01:30:34 JST :bible_wh::confederateflag:RMIV⛎:sonnenrad::yay:

     in reply to

     • teknomunk

     @IAMAL_PHARIUS @teknomunk so the whole world is about to get a lot “smaller” for basically everybody. as opposed to the globalist homogenized version we’ve been force fed basically our entire lives?

     “The man who lives in a small community lives in a much larger world. He knows much more of the fierce variety and uncompromising divergences of men…In a large community, we can choose our companions. In a small community, our companions are chosen for us. Thus in all extensive and highly civilized society groups come into existence founded upon sympathy, and shut out the real world more sharply than the gates of a monastery. There is nothing really narrow about the clan; the thing which is really narrow is the clique.”

     ~G.K. Chesterton

     luithe repeated this.
   • Chineseman 🟥 #nobot (iamal_pharius@poa.st)'s status on Tuesday, 04-Apr-2023 01:30:37 JST Chineseman 🟥 #nobot

     in reply to

     • :bible_wh::confederateflag:RMIV⛎:sonnenrad::yay:
     • teknomunk
     @RMIV @teknomunk i dont know about that. I just believe that a faltering global reserve currency will increase the chaos.
     
     "hey i cant sanction brazil anymore wtf"
     luithe likes this.