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Post by Entendance on Oct 30, 2023 13:03:43 GMT -5
321Gold Bob Moriarty: '...The BRICS nations are far better led and frankly better armed than the Debt Based systems of the West now in a state of final collapse...'
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Post by Entendance on Nov 2, 2023 3:27:57 GMT -5
TV BRICS is an international network of partner media outlets in the BRICS+ countries. TV BRICS unites: 24-hour broadcasting in English, Chinese and Portuguese, TV broadcasting blocks in BRICS+ countries, tvbrics.com information portal in 4 languages, TV channel with broadcasting in Russia, as well as more than 60 media partners and about 20 international partner film festivals in Brazil, Russia, India, China, South Africa, Argentina, Venezuela, Cuba, Zimbabwe, Mozambique, Kazakhstan, Armenia and other countries. The international editorial board of TV BRICS regularly produces and distributes media content and news in Russian, English, Chinese, Portuguese and Spanish through the national media of its partners.
TV BRICS interacts with more than 10 national educational institutions, as well as with a number of international public organisations, and has the partner status of a number of official departments of state administration bodies in the BRICS+ countries. TV BRICS is an official partner of UNITED NATIONS
'...World prices are still linked to the dollar, so these calculations generate a lot of losses. In addition, we face high uncertainty in pricing, so at the next stage it is necessary to detach the prices of world exchange goods from the dollar and move to quoting world exchange goods in other units. And what are these other units? This is where the idea of introducing a new world settlement currency arises, which would become a common denominator for the formation of world prices for exchange goods. We are working on this problem. We have a model of such a currency. It is based not only on a basket of national currencies of the member countries, but also on a basket of exchange commodities. The model shows that this currency will be very stable and much more attractive than the dollar, pound and euro...'
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Post by Entendance on Nov 3, 2023 4:51:24 GMT -5
'The day of reckoning for unproductive credit is in sight. With G7 national finances spiraling out of control, debt traps are being sprung on all of them, with the sole exception of Germany. Malinvestments of the last fifty years are being exposed by the rise in interest rates, increases which are driven by a combination of declining faith in the value of major currencies and contracting bank credit. The rise in interest rates is becoming unstoppable...'
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Post by Entendance on Nov 4, 2023 5:04:14 GMT -5
'Bank of America alerted customers on Friday that their deposits may be delayed due to a problem impacting multiple banks. Customers at Bank of America, Chase, U.S. Bank, Trust and Wells Fargo have complained of issues on Friday morning. In a message to customers on Friday, Bank of America said “some deposits may be temporarily delayed.” The message said the deposits from Friday may be delayed due to an “issue impacting multiple financial institutions.” “Your accounts remain secure, and your balance will be updated as soon as the deposit is received,” the Bank of America message read. “You do not need to take any action.” Neither the Federal Reserve nor the U.S. Treasury Department were immediately available to comment. None of the banks provided a comment.'
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Post by Entendance on Nov 5, 2023 17:24:18 GMT -5
'...Iran urges a new system The communication originating from Tehran is steadfast on this particular matter. Iran perceives signs of civilizational decline across the Western world. The prevalence of civil unrest, unemployment, and homelessness is widespread. Internationally, the US has faced numerous failures in Iraq, Afghanistan, and Syria. From a political standpoint, this signifies the ascendance of the BRICS nations, the establishment of new trade pathways, and the redistribution of economic influence towards the Global South. According to Khamenei, the current trajectory of historical events is leading toward the emergence of a new global order characterized by the interplay of three distinct civilizations...'
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Post by Entendance on Nov 6, 2023 4:02:31 GMT -5
'An under-appreciated fact about next January's BRICS expansion is that the addition of Saudi Arabia, Iran, UAE, Ethiopia, and Egypt will bring huge strategic maritime trade advantages to BRICS in the Middle East ... and potential consternation to the G7 and its allies. Iran, the UAE and Saudi Arabia adjoin the critical Strait of Hormuz and are central to the Persian Gulf energy trade. Saudi, Egypt and Ethiopia border the Red Sea, with Ethiopia (via its use of Djibouti) influential to the Bab-el-Mandeb Strait between the Red Sea and Gulf of Aden. And the critical Suez Canal runs right through Egypt. Not to forget that Iran, UAE and Saudi are members of OPEC. In one fell swoop, BRICS will soon have far more influence in global maritime trade flow through the Suez, Red Sea and Persian Gulf, especially in the vital global transport of oil and gas.'
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Post by Entendance on Nov 7, 2023 4:25:16 GMT -5
'The PBoC is in a hurry to buy enormous amounts of gold, indicating it’s preparing for substantial changes in the dollar-centric international monetary system. Based on information from industry sources and my personal calculations, total gold purchases by the Chinese central bank (reported and unreported) in Q3 accounted for 179 tonnes. Year-to-date the PBoC bought 593 tonnes, which is 80% more than what it bought in the first three quarters last year. Its total estimated gold holdings are 5,220 tonnes, more than twice what’s officially disclosed at 2,192 tonnes...'
The People's Bank of China is covertly buying large amounts of gold...
New BRICS currency "almost ready," pending "political consent"
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Post by Entendance on Nov 8, 2023 9:06:14 GMT -5
'...The days of Europe enjoying continuous prosperity while West Asia suffers the consequences of western-Israeli policies are long gone. The Axis of Resistance - in conjunction with the growing clout of multipolar powers like Russia and China - now possesses the capabilities and options that could challenge the western axis, from Washington to Brussels and Tel Aviv, and fundamentally reshape the global energy market as we know it.' Axis of Resources: Gaza war spells disaster for Europe’s energy security
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Post by Entendance on Nov 10, 2023 4:57:10 GMT -5
'...Pakistan’s leadership and policymakers do not only need to consider the potential economic benefits but also consider diplomatic implications. The country is deliberating seriously on the prospects of joining the bloc. The economic benefits of joining BRICS, for Pakistan, seem to outweigh the challenges posed by gaining its membership. The country could mitigate its dependence on the United States for trade, as BRICS memberships would open new ventures for Pakistan to diversify its trade. The bloc has established two institutions, the Contingent Reserve Arrangement (CRA) and the New Development Bank (NDB), to support the members economically, which holds grave importance. The former is supposed to assist the member states in overcoming the challenges of the short-term balance of payment, as it holds a capital base of over 100 bn USD. On the other hand, the NDB provides funding to the BRICS members without stringent conditions, unlike the International Monetary Fund (IMF). Pakistan is a staunch advocate of a multipolar world. BRICS membership would position it alongside other states that share similar ideologies. Pakistan’s alliance with emerging economies is imperative for its prosperity...' How Pakistan Could Benefit from BRICS Membership?
Every ten years or so, the United States needs to pick up some small crappy little country and throw it against the wall, just to show the world we mean business. -Michael Ledeen
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Post by Entendance on Nov 11, 2023 8:24:47 GMT -5
'...The big question is how far and where will the huge public anger and contempt lead to. A historic revolt is underway. What comes next? Can it be mobilized constructively to overthrow decadent dictatorships of capitalist oligarchy that have dominated Western states under the guise of democracy? One thing is evinced. The Western elite systems are damaged beyond repair and rehabilitation. The crucifixion of the Palestinian people has created a Pandora’s Box. Western corruption – deep, systematic, historical corruption – is now out and can’t be stuffed back in again by the elite rulers trying to cover up. The genocidal crimes of the Western powers cannot be unseen or explained away this time. The duplicity and bankruptcy are damaging to the existential core. Ultimately, however, there may be hope for a better, fairer and more just world. But first of all, the old Western-dominated order has to go, despite the immense pain and suffering entailed...' Ukraine Proxy War & Gaza Genocide Fatally Expose Western Hypocrisy and Moral Bankruptcy
'Biden could end this with one phone call. With. One. Phone call. Anyone who tells you otherwise is either lying or ignorant. This mass slaughter is happening because Washington wants it to happen...' Biden Could End All This With One Phone Call
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Post by Entendance on Nov 14, 2023 8:50:13 GMT -5
Western economic dominance is over – Lavrov
Bullion Star infographic dramatically illustrates gold price suppression by U.S.
As the world’s preeminent money, now and throughout history, gold is seen by governments and monetary authorities as strategically critical and often a matter of national security. Not least in the United States, where although the US government and US banks downplay gold, it is precisely because they are terrified of gold’s rise, that these entities are heavily involved in the gold market in a nefarious manner. This visually stunning new infographic from BullionStar puts the spotlight on the deep involvement of the US Government and Wall Street banks in the gold market, and their nefarious manipulation of precious metals prices, illustrating:• The supposed size and location of the US Treasury Gold Reserves but the fact that the US Gold has not been properly audited in over 70 years. What is the US Treasury hiding?
• Five massive Wall Street banks dominant the gold market, trading gigantic trading volumes of COMEX gold futures in a giant paper trading game.
• The international gold price is set by paper gold trading in New York and London, and not by physical gold demand and supply, a flawed pricing that causes physical shortages and high premiums.
• Although Wall Street banks have been prosecuted for manipulating precious metals and their traders jailed, the same banks still continue to operate with impunity in the gold market.
• There is continual gold price suppression during New York (NY) trading hours, with returns during NY hours a fraction of returns outside NY hours. This is statistically impossible.
• A US Government group, the Plunge Protection Team (PPT), oversees interventions into markets. This PPT was infamously active in the US silver market during February 2021 where it oversaw a ‘tamp down’ of the silver price to prevent a financial system crisis.
• The US Government, Wall Street and the US mainstream media constantly work to prevent gold gaining in popularity. This is done to protect the US financial system and the reserve status of the US dollar.
• That this price manipulation can’t go on forever. When it fails, the gold price will again be determined by the forces of supply and demand for physical gold.
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Post by Entendance on Nov 16, 2023 6:37:58 GMT -5
'...China, Russia, and BRICS+ Do not be misled by China’s official gold reserves. China has been accumulating gold since the Peoples Bank was appointed under China’s Regulations on the Control of Gold and Silver, dated 1 July 1983. For nineteen years, China accumulated gold during a prolonged bear market as Swiss banks and others gave up on gold and sold down bullion holdings for their customers. Western central banks reduced their holdings and leased gold into the market, never to return. Only when the Peoples Bank had accumulated enough gold that it finally rescinded the ban on personal ownership, opening the Shanghai Gold Exchange in 2002, subsequently advertising to encourage people to acquire gold. And in all that time, China invested heavily in mine production and refining capabilities, importing enormous quantities of bullion from the West and doré for refining. For forty years now, China has been a Hotel California for gold, with virtually no bullion leaving. Why this obsession? Between hidden stocks and the private sector, I estimate that between the state and the people China could have accumulated over 50,000 tonnes, representing roughly 25% of all gold mined throughout history. This gold habit has spread beyond China to Asian partners in the Shanghai Cooperation Organisation. And belatedly, Russia began following the same course as China in the wake of sanctions imposed on her by the West in early 2022.
Russia tried to get a gold-backed trade settlement currency on the BRICS agenda at the Johannesburg summit last August. It was a move which appeared to have been supported by some nations, presumably frustrated at the devastating costs to their own economies of the lack of credibility in their own currencies and a desire to be paid for their exports in something better than other BRICS members’ currencies. China and India were not so keen. The inscrutable Chinese take a long view, letting the Americans make all the monetary policy mistakes, from which they have ultimately protected themselves by accumulating a huge chunk of the world’s above ground gold stocks. China does not wish to be blamed for destabilising the dollar by being party to such a radical step as backing any official gold substitute currency. Furthermore, paying for commodity imports in her own fiat currency is preferable to her than paying in renminbi backed by gold. India remains thoroughly Keynesian in its monetary policies, and her increase in gold reserves has been minor in the context of both her population and economy. The Indians are not fellow travellers. But Russia takes on the presidency of BRICS from January, so her proposals to incorporate gold into trade settlement will get another airing.
New BRICS members include Saudi Arabia and the United Arab Emirates who certainly prefer gold-related payments for their oil and gas exports to national fiat currencies. Interestingly, almost all the Shanghai Cooperation Organisation membership, associates and dialog partners attended the Johannesburg BRICS summit, strongly suggesting that BRICS and the SCO will be merged. That being the case, we can expect Iran and other oil and gas exporters to join. Russia’s case for a gold backed trade settlement currency is likely to be advanced again. Furthermore, Russia herself would benefit enormously from backing the rouble with gold, allowing her to reduce interest rates from current crippling levels. Not only has Russia accumulated the fifth largest official gold reserves at 2,330 tonnes, but she can mobilise bullion held in two state funds believed to total a further 10,000 tonnes. Furthermore, the lesson of how Hamburg drained the Bank of England of its gold in 1799 by interest rates being raised to 17.5% gives us (and the Russians with interest rates nearly at a similar level) a clue as to how to bolster her reserves on a gold standard even further, draining western capital markets of their physical liquidity. Conclusion: the fundamentals for gold appear to fully support the technical case in our headline chart.'
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Post by Entendance on Nov 20, 2023 7:54:42 GMT -5
'Questa volta Washington ce l’ha fatta e come si prevedeva già da qualche mese è riuscita ad evitare che l’Argentina si legasse ai Brics. Il compito è stato abbastanza semplice: è stata scongelata una nullità in sonno, tale Javier Milei , un anarco – ultra – capitalista, ovvero un arruffone appartenente al Wef che vuole distruggere qualsiasi proprietà o bene pubblico e vuole sostituire la divisa argentina con il dollaro. Questa linea di pensiero o sarebbe meglio dire di psicopatia per la verità si adegua a quella di Murray Newton Rothbard che era stato allievo di Ludwig von Mises l’ideologo del neoliberismo, ma che non aveva mai avito un seguito decente o di qualche interesse, se non nell’oscura mente di mediocri buffoni come appunto questo Milei. il quale fra le altre cose ha nel suo programma l’eliminazione immediata della sanità pubblica e considera la giustizia sociale come a giustizia sociale è un “concetto aberrante” Ora certamente gli Usa avranno pagato molti milioni di dollari per pagare l’ascesa, la visibilità e la campagna presidenziale a questo tizio che probabilmente è collegato al carrozzone degli States da moltissimi anni, ma è stato tenuto sempre in terza fila come un cane rabbioso e sguinzagliato solo nell’emergenza, ovvero nella prospettiva del passaggio del Paese ai Brics. Però in questo caso sono proprio gli argentini che si sono voluti dare la zappa sui piedi rivelando uno scarsissimo acume politico e mostrando come la sintesi della cultura ispanica con quella italiana crei soltanto futilità enfatica e credulità nella protesta pour soi meme. Ma probabilmente in futuro non ci sarà possibilità di ribellarsi alla pazzesca ricetta Milei visto che la sua vicepresidente sarà Victoria Villarruel, proveniente da una famiglia di militari di alto rango che parteciparono alla dittatura e che adesso respinge le critiche alla giunta militare Insomma tira già una brutta aria. Milei non è nient’altro che un violento cretino che ha scelto questo momento per dichiarare di volersi convertire all’ebraismo e non sembra nient’altro che un clone vivente delle più stupide distopie globaliste. Le sue “idee” anche se si fa un certa fatica a considerare tali un miscuglio di slogan e di assurdità, come ad esempio le città “charter” ovvero centri urbani creati su terreni acquistati da super ricchi e governati direttamente da essi come una ricostruzione in provetta del feudalesimo. Ma questa specie di toro che mugge rumorosamente perché altri lo tengono per le palle e gli mettono in tasca dei soldi non è riuscito ad ottenere anche la maggioranza parlamentare e dunque non troverà un cammino facile per imporre le sue follie. Ma gli Usa non possono certo mollare la presa e allora la presenza di un vice presidente che rivendica ad alta voce la strage dei desapparecidos butterà tutto il peso dell’esercito alla difesa di questo carne sintetica della politica, ma soprattutto della collocazione dell’Argentina nel Washington consensus, ovvero nell’area di rapina dell’America. Aspettiamoci una qualche notte dei generali nei prossimi due anni.'
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Post by Entendance on Nov 21, 2023 9:14:12 GMT -5
'...As an important voice of the Global South representing a large part of humanity, we believe that BRICS has a vital role in a widespread international effort to achieve a just and lasting peace...' -President Cyril Ramaphosa
'...The collective West, as a single entity of a global minority – that is how it is associated...'
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Post by Entendance on Nov 22, 2023 11:46:55 GMT -5
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Post by Entendance on Nov 27, 2023 5:40:51 GMT -5
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Post by Entendance on Nov 28, 2023 11:36:25 GMT -5
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Post by Entendance on Nov 30, 2023 0:37:20 GMT -5
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Post by Entendance on Dec 1, 2023 5:01:31 GMT -5
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Post by Entendance on Dec 2, 2023 5:47:25 GMT -5
BRICS continuing to gather momentum, and in particular the inclusion of Saudi Arabia puts enormous pressure on the US Dollar...
...Von Greyerz confirms that the world is now witnessing the end of a currency and financial system. Interestingly, the Chinese forecast this in 1971 after Nixon closed the gold window, and we were reminded of von Mises' words of wisdom,"there is no means of avoiding the final collapse of a boom brought about by credit expansion". History tells us that we have now reached the point of no return. So what's next - where to from here? US Debt to GDP at 130% and sitting at $34 trillion USD Japan's Debt to GDP at 260%...
Matthew Piepenburg December 3, 2023
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Post by Entendance on Dec 5, 2023 7:52:57 GMT -5
'...Central banks gobbled up gold over the summer and the buying spree has continued into the fall. Globally, central banks added another net 42 tons of gold to their reserves in October. China continues to be the biggest gold purchaser. The People’s Bank of China added another 23 tons of gold to its hoard in October as it expanded its official reserves for the 12th straight month. Since the beginning of the year, the People’s Bank of China increased its reserves by 204 tons, and it has added 255 tons since it resumed official purchases in November 2022. As of the end of October, China officially held 2,215 tons of gold, making up 4% of its total reserves. Most people believe the Chinese hold even more gold than that off the books...'
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Post by Entendance on Dec 6, 2023 7:50:58 GMT -5
Russia-UAE relations at all-time high – Putin
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Post by Entendance on Dec 7, 2023 3:02:04 GMT -5
The Russian president was welcomed in the UAE and Saudi Arabia to discuss further cooperation on oil prices and the strengthening of trade ties
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Post by Entendance on Dec 8, 2023 3:18:33 GMT -5
Noted among Putin’s entourage in Saudi Arabia: Chechen leader Kadyrov and central bank head Elvira Nabiullina...
40 Countries Want To Join The Bloc...
Gold's Gain Means End of US Dollar-Based System is Near
Scarcity is holding the gold price up, Maguire and Hemke agree on LFTV
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Post by Entendance on Dec 9, 2023 4:39:02 GMT -5
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Post by Entendance on Dec 14, 2023 4:48:16 GMT -5
Putin Holds Year-End Presser Along With Annual Q&A Session in Moscow
Exciting news from COP28!
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Post by Entendance on Dec 17, 2023 0:37:43 GMT -5
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Post by Entendance on Dec 19, 2023 5:53:09 GMT -5
On January 1, 2024, six new countries will formally join the BRICS grouping. This infographic shows the share of each country in global exports.
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Post by Entendance on Dec 20, 2023 2:55:59 GMT -5
Newly elected President Javier Milei had previously expressed his reluctance to join the bloc
Dec 23, 2023
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Post by Entendance on Jan 1, 2024 8:42:04 GMT -5
The growing coalition of BRICS countries, along with other major players like China, Russia, India, and Saudi Arabia, is reshaping the global market and challenging the dominance of the West, potentially leading to a shift away from the dollar as the sole settlement currency for oil. Market Dynamics and Gold Accumulation The biggest event in the market happened recently, with Saudi Arabia and OPEC potentially shifting their stance towards the West. Countries like China, Russia, India, and Saudi Arabia are accumulating massive amounts of gold, off the charts and without disclosing the true extent, hinting at a major shift in the global economy. The suppression of interest rates creates an illusion of wealth and prosperity, making gold and silver the “canary” that needs to be killed. The West signaling a loss would cause the gold price to go parabolic very quickly. The rest of the world is using the market against the West, slowly accumulating and taking possession of the majority of the world’s commodities. The rest of the world sees things differently and are accumulating all of the gold and silver, indicating a shift in the market dynamics. Geopolitical Shift and BRICS Coalition The growing Coalition of countries, the BRICS, is gaining legitimacy, credibility, and critical mass, signaling the end of the US hegemony. The growing coalition of BRICS countries, excluding the West, is a significant geopolitical shift that is reshaping the global market. BRICS countries are seeking to be more reliant on themselves rather than the West, pushing back against Western capitalism and the pillaging of the world’s commodities. The BRICS countries are challenging western dominance in the right way, reshaping the market in 2024. Dollar Supremacy and Global Economy There will be a move away from the dollar as the sole settlement currency for oil, which could be a very dangerous mistake to ignore. The next system will have to be pegged to something, like a gold back currency, based on commodities and transparency. The world’s reliance on the dollar for buying oil is an exorbitant privilege that could be challenged by a new BRICS settlement currency. The illusion of dollar supremacy is maintained by low interest rates and a low gold and silver price, as they are a barometer of the health of the system. ↕️
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