100+ nations to simultaneously pull out of the dollar system? Feat. Andrew Schectman - LFTV 118

[Goldhedge]

If you know... you know. If you don't, you'd better start paying attention!

100+ nations to simultaneously pull out of the dollar system? Feat. Andrew Schectman - LFTV 118​

In this week’s Live from the Vault, Andrew Maguire sits down with the founder of Miles Franklin Investments, Andrew Schectman, to address the exacerbating levels of global financial anxiety, as people flock to gold, seeking alternatives to traditional banking.

The two precious metals informers explore the dynamic expansion of BRICS and SCO nations as they continuously form new relationships, united in a common goal of economic betterment away from the US dollar hegemony.

 

[STMF2X]

I switched to gold years ago based solely on these commercials

 

[hmt5000]

Yea. African diplomat told Kamala Harris during her last visit, "everytime China visits we get a new hospital. Everytime America visits we get a new president".

 

[sanction]

I think I will thrive in our new world.

 

[Emma tenywa]

The gold standard would level the playing field, but switching away from the dollar is not something that will happen overnight

 

[Viking]

The gold standard would level the playing field, but switching away from the dollar is not something that will happen overnight

It is happening as we speak. Not overnight but right before your eyes. SKOL @Emma tenywa !!

 

[Goldhedge]

The gold standard would level the playing field, but switching away from the dollar is not something that will happen overnight

The BRICS

The term BRIC was originally developed in the context of foreign investment strategies. It was introduced in the 2001 publication, Building Better Global Economic BRICs by then-chairman of Goldman Sachs Asset Management, Jim O'Neill;[12] the term was coined by Roopa Purushothaman, who was a Research Assistant in the original report.[13]

...and now the Saudi's. That's 21 years ago.

After Obama hit Iran over the head (2012) with the SWIFT system stick (instead of being intelligent and 'threaten' them with it...) the rest of the world went "Whoa Nellie!" (So much for the "independent" SWIFT system!) That's when the rest of the world created their own interbank transaction settling system OUTSIDE of the US. The ONLY nation that didn't join was the US!

It so happens that Saddam sold oil for Euros and Ghadafi was about to sell oil for gold Dinars in Africa. The US MIC figured out they needed some 'democracy' and so it was implemented.

The fact that the BRICSS are now moving away from the US fiat debt enslavement system and nothing has happened with regards to the US bringing democracy to the BRICSS is telling.

If you toss the chicken bones you'll begin to see the future.

 

[Mr.Fitzwell]

The BRICS

The term BRIC was originally developed in the context of foreign investment strategies. It was introduced in the 2001 publication, Building Better Global Economic BRICs by then-chairman of Goldman Sachs Asset Management, Jim O'Neill;[12] the term was coined by Roopa Purushothaman, who was a Research Assistant in the original report.[13]

...and now the Saudi's. That's 21 years ago.

After Obama hit Iran over the head (2012) with the SWIFT system stick (instead of being intelligent and 'threaten' them with it...) the rest of the world went "Whoa Nellie!" (So much for the "independent" SWIFT system!) That's when the rest of the world created their own interbank transaction settling system OUTSIDE of the US. The ONLY nation that didn't join was the US!

It so happens that Saddam sold oil for Euros and Ghadafi was about to sell oil for gold Dinars in Africa. The US MIC figured out they needed some 'democracy' and so it was implemented.

The fact that the BRICSS are now moving away from the US fiat debt enslavement system and nothing has happened with regards to the US bringing democracy to the BRICSS is telling.

If you toss the chicken bones you'll begin to see the future.

 

[hmt5000]

It truly is amazing. We went from "nobody is leaving the dollar".... to "well a few nations are doing person to person trade in their own currency, it no big deal"... to "The countries signing on to this are poor and its just 5 of them".... to "OK, so half of the world is leaving the dollar.... We still have Europe and most of Asia using the dollar"... We'll see how long that last one stays true.

 

[Joe King]

We still have Europe and most of Asia using the dollar"... We'll see how long that last one stays true.

France just bought LNG using RMB.