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Peter Schiff: BRICS nations should minimise US🇺🇸 exposure and trade among THEMSELVES, stop subsidising America's deficits 'BRICS nations have been vendor-financing the US economy, and ultimately this is going to come back to bite them. And I think they pretty much could figure this out. There are interests that...

65,414 görüntüleme • 2 ay önce •via X (Twitter)

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🚨💵Peter Schiff: Sanctions on Russia🇷🇺 marked the beginning of the end of the dollar as the world’s reserve currency “I was very critical at the time of the Biden sanctions against Russia, and I said that would come back to bite the US because I knew how critical the dollar’s reserve currency status was to propping up the US economy. I said that Biden just sent a very loud message, a warning to the world that they need to get rid of their dollars, that they could be the next Russia. If they do something that the United States doesn’t like, they’ve got that weapon. And so why would you want to enable the United States with a weapon to use against you? So I said this is going to result in a lot of selling of US dollars and US Treasuries. And that’s exactly what happened. The reason that gold is over $3300 an ounce is because central banks are getting rid of their dollars. And one of the reasons that the yield on US Treasuries just hit a new multi-year high and continues to rise is because we don’t have all the foreign buyers that Biden scared away. I think we’ve already established the precedent that the dollar is not sacrosanct. And if you’re a nation and you have US dollars, you have US Treasuries and you own them in good faith in that you would trust that they would be a reserve asset, a neutral reserve asset. We’ve already established a precedent that that’s not the case, that we can yank the rug out from under you whenever we want. So I think regardless of what Trump does now, if I was in China or any of these countries, especially China, because, you know, we vilify China, we say China’s our enemy. Okay, well, if China’s our enemy, why the hell do they want to leave themselves vulnerable by owning all of our bonds? And it’s not just Treasuries that they own. They own mortgage-backed securities. They have a tremendous amount of dollar-denominated assets, so I would be completely divesting as quickly as I could.” -Peter Schiff on Going Underground

Going Underground

16,526 görüntüleme • 4 ay önce

🚨Peter Schiff: China🇨🇳 is silently dumping the dollar, a US🇺🇸 dollar crisis is coming soon! ‘China is gradually weaning themselves off of the dollar. That’s why, if you look at their holdings of US Treasuries, they’ve actually gone down a bit over the years. If you look at all the new Treasuries we’ve issued over the years, the fact that the Chinese haven’t bought any of them is a big deal because they used to be a main buyer of these assets. Instead of buying more Treasuries, they’ve bought more gold. So if you look at US dollar debt as a percentage of all the reserves the Chinese own, Treasuries are a much smaller percentage of their total reserves than they once were, especially if you consider the appreciation of gold. I would guess the reason they’re not moving more dramatically is because they probably don’t want to cause a crash, the dollar to implode, the Treasury market to implode, because they are trying to sell and want to get a decent price. So I think they’re happy to slowly bleed it off to try to get that good price. They just have to worry about the impact on the dollar, because if they try to dump too many dollars at once, the dollar could go down, and especially if a lot of other countries see that and want to get out. There could be a run on the dollar. If all the holders decide they want to get out, they don’t want to be the last one holding the dollar, and so it becomes a rush, and we could be in a US dollar crisis relatively soon anyway… I think we’re heading for a real crisis in the US, and I think countries that are smart would be trying to get ahead of that by selling whatever they can, as quietly as they can, out of US dollars and any US dollar-denominated debt.’ -Peter Schiff on Going Underground

Afshin Rattansi

107,856 görüntüleme • 7 ay önce

Col. Lawrence Wilkerson: 'China🇨🇳 doesn't want a DIRECT WAR with the US🇺🇸, which would derail their victories in the overall competition.' 'I think the Chinese in particular are very, very concerned about where the empire is right now because they know, as Ricardo Alarcón told me one time about Cuba, a dying elephant can thrash a lot of grass. And the Chinese don't want their grass thrashed. They're doing well, they're winning the overall competition in the world—economic, cultural, military, you name it, they're winning. They don't want that to be derailed, and a war with the United States, an in-your-face war with the United States, would do that. They'd win. They would ultimately win. But it would be a Pyrrhic victory in many respects, given their progress right now. So it's a difficult thing for other people in the world to deal with. 60% of the world, 60% of the GDP hates our guts. And they would have an audience, if you will, immediately if they took us on. But they don't want to because they're winning. And if they're winning, why should they want to derail that to a certain extent by taking us on directly? They're going to have to if we persist in this kind of strategy. But I think they're crafty enough to figure out a way to deal with this otherwise, and they will do that.' —Col. Lawrence Wilkerson, former Chief of Staff at the US State Department Watch the full interview in the quoted post below👇

Going Underground

67,071 görüntüleme • 2 ay önce

🚨Col. Lawrence Wilkerson: 'China’s🇨🇳 Xi Jinping is moving to SUBSTITUTE the dollar with the renminbi and become the number one FINANCIAL POWER in the world.' 'China, India, Russia, and all the other countries are moving toward BRICS more rapidly than I would have thought, precisely because of the mistakes the US is making and their fear of those mistakes, as well as their comfort with China and the other members. So much of the meaningful commerce of the world is being generated there. Renewables. EVs. Batteries. Everything essential to survive this period of enormous climate crisis is generated there, for profit, massive profit in some cases, compared to what we're doing in this country. BRICS just has to hold on to what it's got. Watch what Xi Jinping has said in his latest edict, following right on from Deng Xiaoping and all the series of manifestos of Chinese communism: ‘After triumphing in every field of state power, the one I lack is financial power. I am now going to substitute the renminbi for the dollar in world trade. That makes me the number one financial power in the world.’ And furthermore it gets rid of SWIFT, it gets rid of sanctions, it gets rid of all the nasty things the empire does to other nations. We have almost 2 billion people under sanctions. If we decided tomorrow to lift them, it would take 10 years because OFAC would have so much trouble sorting through all the intricacies involved. Xi Jinping is going to get rid of that power, the power of the United States to sanction other people.' — Former Chief of Staff at the State Department, Col. Lawrence Wilkerson on the latest episode of New Order Watch the full interview in the quoted post below👇

New Order with Afshin Rattansi

74,794 görüntüleme • 5 ay önce

Hussein Askary: The War on Iran🇮🇷 is a WAR ON BRICS 'Trump already declared that he will not allow the BRICS nations to have any alternative system other than the dollar, and that US control in the world must remain. Joe Biden said this in 2022 when he visited Riyadh. He said, we will not leave the vacuum in this region. So there is a very clear intention not to allow the Global South nations to work together and prosper together. So we are back to the old British geopolitical idea of divide and conquer, divide and rule, where there are friends and there are enemies. And those who work with us, even in the Global South, they are our friends, they will be protected. Not anymore, as we have seen. But there is a deep philosophical difference here. When the Western powers, the colonial system, the imperialist system, believes in the zero-sum game, does not believe in win-win, that everybody could get a share of the pie. No, it's a pie, a small pie. And we want the biggest part. And we will give whomever we want, who is friendly to us, who obeys us, the rest of the pie. And this is what is very strange for people who are used to the zero-sum game imperialist, unipolar world idea, that no, we are the big guys, might makes right. I decide who eats and who does not eat.' -Hussein Askary, Vice-Chairman of the Belt and Road Institute, and Author of 'Extending the New Silk Road to West Asia and Africa' on the latest episode of New Order. Watch the full interview in the quoted post below. 👇 Hussein Askary

New Order with Afshin Rattansi

75,471 görüntüleme • 1 ay önce