Goldtent TA Paradise

BRICS Gold backed Currency and an Aussie MP telling it as it is

1. silver fox says:

   July 7, 2023 - 10:46 pm at 10:46 pm

   That’s great news about a gold backed currency. I wonder if it will be used only for international settlements, or will if it also be issued as a common currency.

   Tremendous first speech by the Aussie MP.

   Much thanks and cheers to AussieDigger.

2. Strider says:

   July 8, 2023 - 2:11 am at 2:11 am

   Love to hear the thoughts of our Tenters on the implications of this development. Not just the “end of the dollar” stuff. Timing and tactics are what I’m after!

   • Nightingale says:

     July 8, 2023 - 7:26 am at 7:26 am

     see reply in the post.

3. Nightingale says:

   July 8, 2023 - 7:25 am at 7:25 am

   RE: Strider.

   For BRICS countries to create one NEW BRIC-currency then when not to fail like EU and EURO, all BRIC countries need to consolidate their debt and such seems impossible or imaginable in recent finaNcial World. Armstrong did an article last week and I agree.

   https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/brics-to-replace-the-dollar/

   As for alternative thinking … to give a BRIC currency any chance then debt should be in-existent and such is something that is plausible in a New to create World. Not specifically the Great Reset ‘they’ are planning BUT mainly to the fact that such RESET is the only way out from the tentacles of Globalist and ‘them’. Humanity needs to start anew and fresh and such is only possible in a debt-free world nor possible to have/create debt. Humanity can do a reset without ‘them’.
   A BRIC currency either backed by Gold or commodities is possible in a total debt free world and possibly based on GDP; as it’s the productivity of the people who makes an economy and opposite of any ‘financial system’.

   As for TIMING … still such can takes some years as possibly the ‘system’ first needs to implode as to avoid parallel systems. CRASH & BURN before FENIX.

   See here my former post on USD: https://goldtadise.com/?p=557134
   Check this CHART and not only observe the CHARTED CYCLES but the GREEN vERTICAL FIB lines marking END-2027 as a TOP which certainly could drag on a little longer; say a year+ for setting TOPPING pattern.

   Therefore the ‘tactics’ are to to park FIAT into assets which could retain value in transistion from Old to New AGE. Then then one comes back to: Physical Ag/Au and possibly RE depending on the type of RE. I scratched my head multiple times thinking about this where MEGA DEFLATION needs to be taken into account as well which means that lots (if not almost ALL) things will lose value due too lost demand as for either shrinking population or no-bid(s) as people became complete broke, having no money to buy any.

   IMO.DYODD.