“BRICS Nations Just Issued A New Currency BACKED BY GOLD To Crash The US Economy” | Peter Schiff
As BRICS comes out with a new currency plan & saudi arabia ditches the us for iran and russia… everything going into chaos as described by Peter Schiff
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13 Comments
Fiat currencies end up at their intrinsic value, 0.
American elites will start new wars to distract instead of taking hard work for rebuilding the nation.
The one thing that we, the people, must understand is that, in the corporate oligarchy that we most certainly are, individuals are regarded as pawns in an economic system that is designed to maintain the wealth of the corporate oligarchy, not the people themselves, except to the extent that they are little more than "consumers." That means that their "well-being" is not too much of an issue– only their sought-after buying power. The reason for this is that our laws are actually written by special interests and spoon-fed to the people we elect. This became the norm after the 2010 Citizens United decision which legalized unlimited, undisclosed bribery of our candidates and office-holders under the pretense of "freedom of speech."
We just can’t even play baseball anymore, cause even though the guy is on the base, 1st, 2nd, or 3rd; “no one is safe anymore.”🤔😏😁🤪🤷🏻♂️
Good for them
Chat GPT says the BRICs country will not have a universal currency for a long time, they will just use their own individual currencies until then
Digital tokens or fiat currency will have the same risk as having gold at home… the world is going to hell
Governments, politicians, Banksters, religions, bureaucrats and those who trust their lies are antiques that will be replaced by idealistic idiots.
ITS NOT A PRIVILEGE AND ITS NOT CHOOSEN ITS BEEN FORCE ONTO THE WORLD NOW THE WORLD IS UNITED AND WILL NOT ALLOW THE FASCIST REPUBLIC TO LOOT THE WORLD WITH FIAT !!!!! KEEP DUMPING PEOPLE !!!! LET THE EMPIRE BURN !!!!!!!!!!!!!!!!
I agree with Schiff. Although I don’t think hyperinflation is worst case, it’s the only case. No way in hell will the voters and politicians allow the painful corrective choices that will avoid hyperinflation.
So Biden refuses to meet with McCarthy to discuss ways to reign in the growth of the debt (impending debt limit default). Republicans tend to prefer spending cuts where Democrats prefer tax increases. Why can’t both sides bring both of these ideas to the table to get us to a balanced budget?
His observation about prior low interest mortgage refinancing assumes that the homeowner is going to stay put. Interest is front loaded on the loan. In this situation the borrower has essentially extended his time before paydown of principle.
Can someone reference an official BRICS announcement of a gold backed currency?