The Real War

[jazz]

We have 2 fronts to worry about in this business and country. First is the WEF/ESG/UN agenda. 2nd is below.

Guys, be aware and careful. Canada exports a lot of our goods to countries looking to leave the USD system especially ag commodities.

What would happen if the US refused to let a vassal state like Canada settle in local trade currencies or even gold.

Anyway USD hegemony is on the wane, unless the US is going to fight an actual war with china and russia and the ME at the same time.

Yesterday China made hundreds of billions of oil contracts from Saudi and at the same time started dumping USD.

[Taiga]

I saw a newscast that Turkey and Egypt
are join the BRIC nations to form their own gold backed reserve currency.
When all this happens I wonder if it will trigger a collapse of the USD? Or war.

[sumdumguy]

Maybe wise to convert some of our Canadian dollars to foreign money now. By foreign, I mean not US dollars. Looks like Wokeville is being left on the last raft sailing, prolly the raft with a slow leak. 👎

[biglentil]

I saw a newscast that Turkey and Egypt
are join the BRIC nations to form their own gold backed reserve currency.
When all this happens I wonder if it will trigger a collapse of the USD? Or war.

The band will continue to play as the titanic sinks. Like the Titanic there were not enough life rafts, very little time and most people were too oblivious to see it coming. US is defenseless against the much superior hypersonic Russian ballistic missiles. Its an unwinnable war, US dollar hegenomy is finished, but like a spoiled brat that begins to lose at monopoly the Biden administration might just flip the table.

Smells like a reset coming as in 'Great'. Timing is not an exact science. I don't know about you, but I would rather be a minute early than a second late getting into the life rafts. The draft of the titaanic sinking will likely take all fiat life rafts with it, so better get into something real and far removed.

[jazz]

I saw a newscast that Turkey and Egypt
are join the BRIC nations to form their own gold backed reserve currency.
When all this happens I wonder if it will trigger a collapse of the USD? Or war.

We sit in a funny place. BRICs are going to establish a yuan rubble gold commodities backed currency. Our commodities resources reserves and land could soar in value but would we be locked out of the export markets?

It’s safe to say no oil or LNG from Canada will make it to the Far East now. US and probably Europe will be our only customers. If US Saudi relations go south could be a lot more of our energy going to the those countries.

But what about potash wheat canola etc? US and Europe don’t need any. China is taking most of that.

[jazz]

US is defenseless against the much superior hypersonic Russian ballistic missiles. .

poseidon torpedo, sarmat and khinzal have check mated the US.

All Putin has to do is tell Biden that Poseidon is sitting in NY harbour and the eastern seaboard is mass evacuated.

[biglentil]

We sit in a funny place. BRICs are going to establish a yuan rubble gold commodities backed currency. Our commodities resources reserves and land could soar in value but would we be locked out of the export markets?

It’s safe to say no oil or LNG from Canada will make it to the Far East now. US and probably Europe will be our only customers. If US Saudi relations go south could be a lot more of our energy going to the those countries.

But what about potash wheat canola etc? US and Europe don’t need any. China is taking most of that.

It maybe not so much the commodities soaring in value as much as dollars losing purchasing power. There is a mountain of USD treasuries that are going to be coming back to the US to roost. Conducting business in a hyperinflationary environment is next to impossible which will exacerbate supply chain issues.

[jazz]

This guy goes into a pretty deep explanation of the world to come, where fiat will be playing second fiddle to commodities.

Talks about countries storing wealth in physical commodities vs paper. Maybe Flea beatle is on to something.

[ajl]

A general shift in the world economic axis from North America and Europe toward the BRICS will result in commodities and other goods from NA and Europe being bought only when they are cheap enough. This means that both commodities and real estate here will be going down in value.

[biglentil]

The price fix may backfire horribly if Putin sells oil in gold. A financial nuc on Western banks net short metals. Price of gold would double overnight according Pozsar, an analyst at Credit Suisse.