More News, Rumors and Opinions Thursday PM 9-12-2024
MikeCristo8: BRICS and Saudi Arabia are Divorcing from the US Dollar
Wednesday, 11 September 2024
The Fed will raise rates by 25 bps.
The Fed isn’t going to bail any of you people out including Elon Musk.
Oil price gonna collapse.
The U.S. is definitely worried about BRICS.
BRICS (including Saudi Arabia) are divorcing themselves from the dollar right now.
Got commodities?
Unpopular opinion.
Jerome Powell needs the dollar to collapse.
BRICS is working to bring down the dollar.
Blackrock is funding the U.S. Treasury through the exchange stabilization fund.
Stocks only go up.
Why do you think BRICS is turning to gold-backed currency?
You can’t industrialize using an inflationary fiat currency.
Because prices of raw materials always go up.
Gold is the liability that settles your trade imbalance (of raw materials) during industrialization.
This is why the dollar is being rejected.
The dollar is an inflationary currency.
Saudi Arabia is saying the quiet part out loud.
They’ve already made the switch to petroyuan.
Sprinter: Saudi Arabia has said it is open to using petroyuan to pay for oil instead of petrodollars.
I told you all the Fed and BoJ need to crash the dollar by October 1.
Source(s):
https://x.com/MikeCristo8/status/1833871318598721966
https://x.com/MikeCristo8/status/1833872620678467760
https://x.com/MikeCristo8/status/1833875529650606088
https://x.com/MikeCristo8/status/1833931309045199085
https://x.com/MikeCristo8/status/1833934884689289635
https://x.com/MikeCristo8/status/1833938434488238385
https://x.com/MikeCristo8/status/1833941523383370076
https://x.com/MikeCristo8/status/1833950104287674736
https://x.com/MikeCristo8/status/1833999783553581409
https://x.com/MikeCristo8/status/1834010827550269650
https://x.com/MikeCristo8/status/1834042301318086910
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Pimpy They have to do something about that parallel market. The reason why it's so successful is because people prefer to get the US dollars if they can. If businesses and travelers want to get more bang for their buck, they don't have a problem with selling the US dollars for more Iraqi dinars, more than the official exchange rate. It puts Iraq in a pickle...Do they raise the rate of the Iraqi dinar or do they lower it?
Fnu Lnu [Response to Guru Pimpy's 9-10-2024 "The parallel market will be overturned." PIMPY: When they say raise the dollar exchange rate, that's not good for us. That means the dollar is rising up against the dinar...] FNU LNU: The solution is so basic and simple it defies this hand wringing. Why is it such a mystery? The way you control the "parallel market" is to raise the damned official rate such that there is no profit margin to be had. I will maintain that this is a red herring and some sort of stall tactic.
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