To: bull_dozer who wrote (209082 ) 12/2/2024 6:51:36 PM From: TobagoJack Respond to of 217573 >> THE F*CKING F*CKS re <<Proposal for a 50-year Treasury bond convertible into gold issued at the initiative of President Trump on July 4, 2026 >> Gold might well find a use-case going forward because gold is gold. Just that contractual gold, meaning promise-of-gold, is not quite the same as gold-gold. btw, trump's 100%-duty threat against the BRICS nations w/r to (1) BRICS 'money', and (2) de-dollarisation are likely off base, because unclear what the Trump proposes to do as nations express sovereignty in the construct of SWIFT, and recognising that Team China is one of the biggest supporters of the Dollar system right now. (1) there is no proposal on the table for BRICS 'money'. There is a move to use mBridge to replace / swap out SWIFTen.wikipedia.org mBridge (a.k.a. Multiple CBDC Bridge ) is a multiple central bank digital currency platform developed to support real-time, peer-to-peer, cross-border payments and foreign exchange transactions using CBDCs . Based on a blockchain called the mBridge Ledger , the platform is designed to ensure compliance with jurisdiction-specific policy and legal requirements, regulations, and governance needs. [1] Currently five entities are jointly developing mBridge. They include the Hong Kong Monetary Authority (HKMA), the Bank of Thailand (BoT), the Central Bank of the United Arab Emirates (CBUAE), the Digital Currency Research Institute of the People's Bank of China (PBC DCI), and the BIS Innovation Hub Hong Kong Centre (BISIH Hong Kong Centre). [1] The Saudi Central Bank joined in June 2024. [2] (2) the schema is a way for nations to engage in own-currency based trade, meaning Russia sells its resources for digital Ruble, and etc etc ... and China sells whatever it sells for any currency including CNY, and Team Members such as Brazil ... India ... S Africa ... and 13+ observer states can trade in whatever currency as they please as long as the mBridge can lock in a deal in real time ... by so doing, the need for USD is sharply reduced, and can be swapped out by use of any own-currency that chooses to list on mBridge, or is listed on mBridge (meaning China can choose to issue digital manifestations of Euro, EuroDollar, GBP, Yen, AUD, CAD, USD, gold, ... PAXG, BTC, ETH, ... dog coin, whatever) for liquidity purpose as long as there is a market (3) By so doing, mBridge might co-exist with or replace SWIFT en.wikipedia.org as the planet chooses, and the more SWIFT is weaponised, the less needed it shall beSpoiler Recommendation: GetMoreGoldAlways ... because BRICS+ can do-in SWIFT faster should SWIFT f*ckaround Euro? shall be very unfortunate unless it digitises and mBridge chooses to support the Euro. However, as in alas, just-saying, China has little reason to insist on its trade be carried out in CNY terms, because money is money, unless it is a money that commits suicide by sanctioning others (4) Interesting VLOG that inspires imagination ...VIDEO (5) BRICS vs G7