[theluckycountry]

$this->bbcode_second_pass_quote('', 'P')utin doesn’t hate the dollar and actually wants Russia to once again be able to use it with its partners for reasons of convenience, but it was the US that forced his country to de-dollarize and pioneer alternative financial instruments out of necessity.

Trump threatened over the weekend to impose 100% tariffs on those BRICS members that either help create a new BRICS currency or back any replacements to the dollar. This was in response to reports over the past year of Russia’s BRICS chairmanship about this group’s alleged plans. Influential members of the Alt-Media Community fueled this speculation with their wishful thinking claims, but the last BRICS Summit didn’t achieve anything of tangible significance, which was explained here.

Neither BRICS’ most passionate enthusiasts nor its most zealous critics alike can admit that no new currency is on the horizon and none of its members’ currencies will replace the dollar. While it’s true that they’re using national currencies more frequently, this was only due to the need to work around the US’ unilateral sanctions on Russia that were imposed after its special operation. Russia is still an energy and agricultural superpower so its partners couldn’t comply with them without hurting their interests too.

Therein lies the dilemma that Trump’s found himself in. Incipient de-dollarization trends pose a latent threat to one of the pillars upon which the US’ unipolar hegemony is maintained. It won’t materialize anytime soon, but downplaying or ignoring it could prove disastrous in the long term. At the same time, while the solution of lifting the sanctions is simple enough, it’s politically unfeasible in the current context given domestic and international pressures.

From Trump’s perspective, while the dollar would greatly benefit from this, his personal reputation and his country’s international one could be greatly harmed by the perception of them conceding to Putin’s demand for lifting the sanctions without anything in return. Likewise, the concessions that Trump might demand of him for this could be politically unfeasible for Putin, who isn’t going to pull his troops out of the entirety of the territory that Ukraine claims as its own. A compromise must therefore be reached.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')We still have plenty of Oil! Just not the growing amount needed to offset population pressures etc.

[theluckycountry]

Let me guess adam, a couple of lame one liners about Australia? A stupid picture? You really contribute nothing to the forum, you know that don't you? No in-depth analysis, not even a relevant story. Just dribble, Adam Dribble. But what could one expect from degenerate white trash.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'L')et me guess adam, a couple of lame one liners about Australia? A stupid picture?

[theluckycountry]

$this->bbcode_second_pass_quote('AdamB', ' ')

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')Go back to Reddit

[yellowcanoe]

The American dollar is great -- it's worth a lot more than the Canadian dollars I am paid in!

[careinke]

BTC just broke $100,000 USD and still rising, that's about $156,000 Ausie dollars. So, it is looking like a good Alternative. So far BTC has risen 143% YTD, Gold has risen about 29% YTD probably because it is too heavy to really fly, it has a hard enough time keeping up with inflation.

Peace is coming

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', 'S')o far BTC has risen 143% YTD, Gold has risen about 29% YTD probably because it is too heavy to really fly

[theluckycountry]

The funny thing is that when stocks rise in a bull market people tend to attribute it to the political party in power at the time. This is patent nonsense of course since the cycles in the markets assert themselves regardless. Trump's comment on the BC rise was "You're welcome" and of course the gullible voters (one here on record) believe it was his election that precipitated it, but the coinheads for the longest time claimed it would rise because of the "BC cycles" So which is it, a trump rise or a cyclical rise? Because it can't be both

This is the main reason serious investors steer clear of it, there is no rational basis to it, no metrics you can use to judge it's performance, and no foundation now either since the "BC is money" meme which was the basis of the white paper has been blown out of the water. The analysis side of it reminds me of a trend I saw back in 2006~7 where people were buying stocks based on Astrology. That worked then too, in a bubble everything rises

A wise investor spends more time focused on the market downsides than patting themselves on the back about the upside because the downside is the thing that will pull the rug out from under you and leave you sitting in the gutter. Most of the crypto's have disappeared into obscurity because people lost faith in them. BC just has a bigger faith base then most is all. Dogecoin, the oldest memecoin has surged an astonishing 150% since Election Day, eclipsing BC's gains. But does anyone here take Doge seriously? The doge-hodlers do, to them it's a better "bet" than BC.




But you see dogecoin is the Church of the latter day saints but BC hodlers believe theirs is the true faith, the Jehovas Witnesses. The church of the Davidians was obviously a false faith because it's gone and the Seventh Day Adventists (Etherium) claims it is the true way. What a circus

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('careinke', 'S')o far BTC has risen 143% YTD, Gold has risen about 29% YTD probably because it is too heavy to really fly

[careinke]

$this->bbcode_second_pass_quote('', 'L')ucky Claims: The funny thing is that when stocks rise in a bull market people tend to attribute it to the political party in power at the time. This is patent nonsense of course since the cycles in the markets assert themselves regardless. Trump's comment on the BC rise was "You're welcome" and of course the gullible voters (one here on record) believe it was his election that precipitated it, but the coinheads for the longest time claimed it would rise because of the "BC cycles" So which is it, a trump rise or a cyclical rise? Because it can't be both

[AdamB]

$this->bbcode_second_pass_quote('yellowcanoe', 'T')he American dollar is great -- it's worth a lot more than the Canadian dollars I am paid in!

[careinke]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('yellowcanoe', 'T')he American dollar is great -- it's worth a lot more than the Canadian dollars I am paid in!

[theluckycountry]

Well if you two have finished with your bullshit we'll get back on topic.

Trump warns BRICS nations against replacing US dollar

$this->bbcode_second_pass_quote('', 'W')ASHINGTON, Nov 30 (Reuters) - U.S. President-elect Donald Trump on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that would replace the United States dollar or face 100% tariffs.
"We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy," Trump wrote on his social media platform, Truth Social.
"They can go find another 'sucker'. There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America."

[AdamB]

$this->bbcode_second_pass_quote('careinke', ' ') Lucky is either not smart enough to understand Stats, or maybe he read how to lie with statistics, and is just not very good at it.
Peace

[theluckycountry]

I wonder if adam contributed to the thread? Or just did his usual whiny bitch routine, the latter I'll wager. Mind you if Australia dollars were the world reserve and we were 36 Trillion up the wazoo, if our nation was being run by a dementia case, and overrun by illegal immigrants, I'd probably find it hard to focus on reality too

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', ' ')Mind you if Australia dollars were the world reserve and we were 36 Trillion up the wazoo, if our nation was being run by a dementia case, and overrun by illegal immigrants, I'd probably find it hard to focus on reality too

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', '
')Gold has been falling since Trump won. The Chinese have made a significant gold discovery which will further push the price down.

[theluckycountry]

You just can't help yourself can you inke, your like a whore, going from thread to thread spreading your bitcoin legs in the hope others will jump in. That's the basis of BC, like all Ponzi schemes it relies on a never ending flow of new suckers.