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/biz/ - Business & Finance

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55540632 No.55540632 [Reply] [Original]

ALL HAIL GOLD BACKED BRICS!!!!!

Will the US actually collapse?

>> No.55540684
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55540684

>>55540632
yes

>> No.55540730
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55540730

>>55540632

>> No.55540746

The USD losing reserve currency status would be the best thing possible, so it won't happen

>> No.55540767 [DELETED] 
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55540767

>>55540632
image was blurry, here’s a clear version

>> No.55542790
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55542790

>>55540632
>id like to exchange my BRICS for gold, copper, and wheat please
> no
>but I thought it was backed by commodities?
> 1971 France wants to exchange its USD for GOLD
>Nixon, uhh no and also we are not on gold standard anymore kys frog

>> No.55542968

Fiat backed by gold is just fiat with an extra layer of lies, because who is going to audit them to confirm that they hold the gold reserves they claim to hold? It's goyslop for low IQ retards to gobble it up and the fact that paid kremlin shills and wumaos are shilling this 24/7 on this sorry ass site and your typical social media platforms is proof you know it's just another scam.

>> No.55542991

>>55540632
>Will the US actually collapse?
they'll go to war first

>> No.55543006

>>55542790
they probably won't do that for a while though. If it's "gold backed" and you can't exchange it for gold then it's not gold backed.

>> No.55543007

>>55540632
For the last time, you ankle biting third worlders: no.

>> No.55543011

>>55540684
Kek.

>> No.55543036

>>55542790
I thought about half of the USA's gold left the vaults before Nixon put a stop to the redemptions. USA was so far ahead of everyone else in terms of stack size that they still had the biggest stack despite the deduction. My guess is that bricsbux will be only redeemable for gold by member nations, so USA would not be able to redeem gold but India could redeem from Russia and vice versa. I'm pretty sure this is how they will do it

>> No.55543459

>>55543036
>Indian exchanges currency
>plz have wheat, copper, and gold delivered to my house
>transaction costs triple
>you now hold bags
China doesn't want a strong currency and wants to hold US debt as a means of leverage.

>> No.55543490

>>55543459
Do they really though? usd is slavery to n banking cartel everyone knows it

>> No.55543581

>>55543490
For now it's still advantageous for China to hold USD. The eroding of USD influence is a decades-long project, and when the time is right they will dump it.

>> No.55543761

>>55543581
How much more vulnerable do you expect the US to get before it's the right time?

>> No.55543777

>>55542790
Why do you think BRICS have been slurping gold so hard moron

>> No.55543782

>>55540632
What is this? An image for ANTS???

>> No.55543786

>>55543459
>hold US debt as a means of leverage.
>US just doesn't pay China because some BS reason
>China now has worthless paper
Awesome leverage bro.