QUOTE(AVFAN @ Oct 28 2025, 10:38 AM)
china has said that it doesn't seek to replace the $ as the world's reserve currency.
because it carries a heavy burden as per triffin's dliemma - u will need to incr currency supply becos every country will need it.
and that has been the downfall for all previous world reserve currencies, incl the british pound sterling.
current info indicates more likely BRICS will offer an alternative system bypassing the $. an alternative, not a replacement.
member countries can trade in their own currencies; if trade with digital yuan, deficit or surplus can be exchanged for gold.
that is already working; gold vaults already in place in shanghai & hong kong; more planned for singapore, UAE, maybe saudi.
at the same time, USA appears to want to move to a stablecoin system backed by fiat $.
private issuers take deposits, buy short term treasury bills, profit from the yield, issue stablecoins.
this, conspiracy theorist say have the ultimate goal to devalue the stablecoin and so devalue-inflate away the $38 tril debt!
another possibility is to have a stable coin backed by gold.
whatever, next few years will see a lot of turbulence. becos we now see declining trust in the $, and all fiats for that matter.
holding some physical gold may well turn out to be the wisest thing one can do at this time.
agreed with you. All countries especially BRICS and certain countries in G7 find US are not only not playing fair but misused the trust on USD and SWIFT for personal gain.
Imaging all countries going into casino with US to play and US act as banker too.
During those older days,
All countries need to exchange to USD in order to join in.... that is fine as long the exchange fees are minimum
Now, the banker casino can stop you from taking the wins out
when all countries like China & Japan wins big and gathering enough winning fiat money, thinking can open a new casino nearby.
Each time the casino banker/US up the stake and printing a lot of new fiat money for members to fight for win again.
Indirectly making those winning money a miniature amount of money comparing with US casino have now.
A lot of countries are fed up bailing out out of control free spending US plus slap on their face like they own him for that.
If BRICS leads to some sort of fiat currency backup arrangement
example Gold back currency, everyone will think twice to print new money as it will affect their exchange currency hard.
It also create a balance check of gov not overspending as everyone know how much gold the country holding.
It also will create a situation where US need to "show hand" how much Fort Knox are holding the US gold reserve.
It might crash China, Japan and the rest of the countries if indeed there are that much gold inside.
If there is significant less than that or "kosong" vault, can say bye2 USD
(I think US will start wars around the globe than dare to declare this news to cover up)
This post has been edited by Iceman74: Oct 28 2025, 01:59 PM 
Apr 10 2025, 03:04 PM
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