Wednesday Evening Chat with MarkZ 7-10-2024
Wednesday Evening News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening Everyone!!! Can't wait to hear something fabulous this evening!!!
Member: Love the Gold Standard pic Mark has on tonights video…..hoping it happens for the world very soon
Member: IQD now listed on the money converter ,rate hasn’t changed but it wasn’t on the site yesterday
MZ: Nader did a great one today. So be sure to go watch it…..on the Iraq banking restructuring . overhaul and mergers……and changes by the CBI to banks…..Great article out of Iraq.
MZ: “ The BRICS will use a Gold Standard” Here you go. Part of what we have been looking for is a reset to a Gold Standard. I was told years ago that BRICS was a kill switch as a last resort to force everybody to switch back to a gold standard. This alternative gold backed financial system is put in place to force everybody to change.
MZ: Quote: The BRICS are definitely pursuing a Gold standard. For the West, this means one thing. If a Western Nation wants to trade with BRICS for certain goods, it needs more gold. If the West does not wish to trade with the BRICS for those items, then they must onshore/friendshore/reshore their supply chains sufficiently in natural resources to obviate the need for the BRICS resources. The question will be: Which is less expensive and less dangerous to do? -Vincent Lanci
MZ: We don’t have the infrastructure to survive without the BRICS countries. But there you go . BRICS has a Gold Standard for banking.
Member: It's inevitable……. for the U.S. dollar to survive. It has to be backed by something.....
MZ: In Iraq today there was progress in setting a timeline for removing the US forces….but they wont tell us that timeline. But overall it was a good day for news.
MZ: Lots of noise on the bond side. But I’m not allowed to share whats going on with it.
Member: I respect you Mark so much in every way. Thank you for respecting your Bond contacts. We are all anxious to hear and when it ok with them you will share. You are a GOOD man Mark.
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Member: Thanks everyone…have a great night
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The BRICS Will Use a Gold Standard
by VBL Tuesday, Jul 09, 2024 - 11:07
The BRICS are definitely pursuing a Gold standard. For the West, this means one thing. If a Western Nation wants to trade with BRICS for certain goods, it needs more gold. If the West does not wish to trade with the BRICS for those items, then they must onshore/friendshore/reshore their supply chains sufficiently in natural resources to obviate the need for the BRICS resources. The question will be: Which is less expensive and less dangerous to do?
-Vincent Lanci
The BRICS Will Use a Gold Standard
Contents: (1900 words)
Abstract: It’s All One Thing
Given the following realities; the BRICS and those that wish to trade with them must go on a gold standard in part or in whole. Why?
It’s all about supply chains and payment chains. The US must rebuild supply chains to remain self-sufficient in certain commodities or it must trade with the BRICS on the BRICS terms. And that means with Gold in hand
The BRICS, in turn, must build payment chains (and value-added portions of supply chains) to replace the SWIFT system. Either that or they must then remain dependent on the US. And that means with the USD in hand
The alternative to ignoring these choices between economic self-sufficiency and a Gold standard for continued international trade is: isolation, misallocation and misuse of resources, and finally escalation of war.
What follows is a description of the situation, a contextual overview of the BRICS plan, and how the G7 must continue to respond over the next 5 years.
1- The Currency:
The BRICS are in the process of creating a settlement medium (currency, medium of exchange) for international trade comprised of Gold and other assets deemed separable from Dollar influence.
Delivery and receipt of this Settlement Medium concurrent with the reciprocal goods ( the goods bought with the Settlement medium) exchanged for said Medium will make final all transactions negotiated.
This Currency will entitle to the bearer a uniform basket of assets (commodities, currencies, bonds etc) deemed worthy as stores of value amongst the users endorsing it. On demand and likely physically accessible to make participant accounts current
2- The Unit and Technology:
The currency will make use of Blockchain. In doing so this will serve as an immutable contract between negotiating parties. In combination with other precautionary measures,1 it will give reasonable assurances against fraudulent representations as to what the currency has actually backing it.
The combination of UNIT type prorata measurements, Blockchain type security, and Current Accounting economics it is believed will serve to solidify the nascent currency’s denomination, reliabililty, and value.
Read full article here: https://www.zerohedge.com/news/2024-07-09/brics-will-use-gold-standard