Brics Currency

Not exactly bullion but you guys are always tossing around economics and such. What do you think? A new world order on the horizon?

 

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No.

All the BRICS are far more dependent on the more stable and established economies of NA and Europe. China is keeping busy and the people quiet by exporting, it is in the interests of China to refrain from rocking the boat too much, although 50 years or less will bring big shifts of influence.

Brazil is dependent on resources exports, largely to China. (see above), and India is probably the most promising as they try to channel internal growth but are hampered by a heavy layer if irrationality (religions actively hostile to change)

Over the next century world hegemony will shift to China, possibly in a new west Pacific alignment, in a natural process that the historically minded can see in the rise and fall of the many empires that have come and gone in the last 2 or 3 thousand years.

Spain and Portugal felt able to divide up the 16th C world, now they slumber in the sun. Britain ruled once the Dutch competition was eliminated by a merger of rulers in the late 17th C. until the beginning of the 20th C, a century that saw the rise of the USA as top dog on the block and the retirement due to old age of the British from active world domination.

It is undoubtable that the US will follow a similar pattern over the next century, but it is a consolation that in general the decline of all empires in the last few centuries have led not to the destruction of the ex-Empires states but their reinvention as theme parks and holiday resorts.

In summary the currencies of the BRICS will depend on the currencies of the first world for their strength, so although there is plenty of room for short term arbitrage do not bet the farm on steady and real rises in values.

 

Good........son in law had Glen Beck on the other nite and they was discussing the 'threat' of the BRICS and the end of the US Dollar as the 'go to' currency.

 

Sure isn't on my worry list.

 

There is absolutely nothing anyone in a position of power or influence likes more than a 'threat'.

Without a steady supply of threats who needs them for protection or solutions?

 

Or fear, for that matter......

 

I don't think order is anywhere on the horizon. The Internet, technology and global markets are going to keep beating down developed countries, and lifting underdeveloped countries. Somewhere the twain shall meet on some geek's chart in 2040 and the former 10's and former 1's will be 5's.

With China, don't forget in the early 90's they were talking about how today would be the century of Japan. Well, that didn't work.

I don't believe it will be anyone's century. It will just be one long running freak show. And that's the happy face scenario.

 

You do realize Glenn Beck was even too crazy for the Fox Network, right? Now that's what you call CRAZY!

 

All this sounds good and logical , but China isn't exactly the most stable nation as it's run on fear . Factor in Religion and fanatics the nuclear threat between India and Pakistan and the future is anyones guess .

 

Mr. Green: I'll post a link to an Armstrong commentary I got last night, in a few minutes. Make what will of it. He's ridiculed quite often as being flakey and he sure does have some grammar and spelling issues. But I think this commentary is dead on. Or least closer to the future than the butterflies and unicorns pablum from BLS.

http://armstrongeconomics.com/2015/04/06/economic-evolution-the-sixth-wave/

 

Could happen at any moment, China could probably collapse the U.S. dollar in minutes if they wanted to. (they hold over a trillion dollars in bonds but most likely the same people that control the United States control China, so it probably won't happen.)

 

That is not the reason. As you said, if China called in its debt, (at least if they did it all at once) the dollar would fall considerably, and that would disrupt international markets. With China, being the number one exporter at this time, they would suffer along with the rest of us, possibly more.
In addition, China likes holding our debt for a number of reasons, it fits in well with their growth strategy of keeping the yuan weak.

So there is little chance of China collapsing the dollar, but it has nothing to do with some hokey conspiracy as you eluded to, just sound economics.

 

A lot will depend on the outcome of the current world war. The banksters are setting themselves up to score either way.

 

I think that China will eventually enter into a mutual defense pact with the US ( maybe South Korea also) in the next few years if the US political system stays reasonable. Mainly to protect against North Korea, the radical muslim groups, and the new 'USSR'. A vigorous Economy means more to China than politics IMO.

 

If a person really believes this, then I hope you are buying bankers' stock rather than bullion.

 

Both.

 

good! That's thinking for the longer term.

 

To be honest, I like to get insurance for whichever way it goes. This is why I am into guns, grub, gold, silver, platinum, stocks, land and what have you.

Mark my words. The banksters are going to push for a gold standard after their engineered collapse of the mighty dollar comes to a spearhead. They will then consolidate power and after a while run with fiat again. Rinse and repeat, rinse and repeat.
Sorry, I had to delete your last paragraph as it was political. There is an alternate website that Peter runs for World events, politics, and religion.

 

Do you know something that the rest of us don't? China and North Korea are long time allies. China and Russia have also been getting very cozy in the last few years. (although whether or not they are dedicated allies is possibly up for question)

When sanctions were placed against Russia last year, China pledged to help if it was needed or desired by Russia.

 

No, just a thought exercise