Is it the right time to convert GBP to Thai Baht considering the exchange rate and Thailand's potential joining of BRICS?

@Glyn *********

Where Are You Glyn? Hops All Is Well With. You. Be Safe

Have absolutely no idea why you think the pound is pegged to the dollar, care to explain? It's scary how many people are convinced they know it all but are clueless. A currency is largely, but not exclusively, dependant on how much cash you have in reserve, ie if the shit hits the fan economy wise, your capability of buying your way out of it - now go and google it! Thailand has more than the UK or Germany. The baht isn't going anywhere and is only a fag paper behind the Yen as being seen as a safe haven.

@Tom *********

Right so it’s Bit Coin then ???

@Bolton ***

Drink a lot?

@Peter ********

that being said I’ll consider he’s on the piss

@Bob *********

he's Irish so maybe reading it wrong way around lol 😆

@Bart *************

yes I need the same lol 😆

@Doug **********

and a frustrated grammar teacher looking for a job.

Mikki git her point across, that was the intent.

Should have been a comma pst and.

@Mikki **********

I’m a hardcore Republican, and by the way, it’s “You’re”.

@Steve *********

💯💯💯💯

@Doug **********

Your a disgrace to JFK, and MLK Jr. It's true leftism is a mental disease. But hey it's all in good fun. Thanks for the exchange ❤️💛💚

Children....play nice !

Every war since WW1 US leaves weapons and equip behind.

But we always bill and get paid later. It's only been a couple of years since Britain paid its final bill to us for for WW2, down to the last bullet and choc. bar.

Last 5 wars, US lost, yet, when dust settles, we were paid for all losses.

US is about 240 years old, been at war or action 228 of them.

US is in the 'war business', all we make are weapons, and mercenaries for rent.

Halliburton, Prince, Z et al.

@Mikki **********

Cages ? You’re just a fool and not very well educated based on your grammar. I’m not tolerant of those who believe conspiracy crap. Good luck

@Doug **********

I doubt if Trump is the most evil person he met ..come on man.

Evil is droning American and innocent kids being put in cages (Obama) or leaving Americans behind and billions of weapons in Afghanistan (JB Admin).

Look I agree I stay away from politics but we live in a world today that give children puberty blockers and sex reassignment surgery. And transgender story time ..evil is not letting the children alone.

But honestly , if someone says someone is evil it's hyperbolic. I'm a Christian and biblically both parties have forsaken God

By the way I needed my masters to work for DCFS child abuse investigation.. Got my PhD just for fun (education) I made mid six figures when I became a manager for the Dept ..but I love time learning .

Dude it was not clear Trump tried to overthrow the government or he would have legally been charged and convicted of insurrection. Trust me if they had that on him he would have been nailed to the wall ...they didn't

And NP just admitted she was in charge of calling the NG but didn't...and takes responsibility now.

Trump is no saint but he is not demon . Thats hyperbolic language not reality.

I also went to theology school...you want talk about evil....evil is real and unfortunately woke left don't know what it really looks like.

I have no dog in the fight. All I know is we are in big trouble no matter who is selected.

But hey your in Thailand. Let the Trump derangement syndrome go..

And if your friend really worked in a such high position, then he knows the real evils of government and how the CIA has destroyed so many lives like when they flooded the inner cities poor black communities with drugs or forcing a medical procedure on people .

The SUPREME Court just ruled forced COVID 19 mRNA Spike protein shots are UNCONSTITUTIONAL....tell that to the 1000s of patriots who were discharged from the service for refusing to take the jab....that's evil

I agree we agree in most things and thank you for a Great Banter back and forth. No hard feelings it was fun...America is on borrowed time no matter who gets in office because it's about the ruling class and the rest of us SERFS ..One Love 💚💛❤️

@Mikki **********

As mentioned, CA is a different world and I have lived in San Jose and worked several years in Silicon Valley/Palo Alto/San Ramon as I’m high tech and SV was where the $$$ were. Overall, we agree, just in different ways. My ex is also a PhD and tenured Professor as a 2nd career. Comfortable gig. All politics suck and one of my friends worked with Trump in the West Wing, quickly resigned early in the first term and calls the most evil person he has ever met. No other way around it, but most elected Republicans now ignore and overlook what was a clear attempt to overthrow the gov’t. That’s when they lost my vote

@Doug **********

we do agree , the extreme right is too much. By the way I have a masters and PhD, lived on the east side and worked in the toughest parts of SF, Velajo, San Jose, East Palo Alto, Oakland.

But back then it was very safe for those who lived there. . And everyone looked out for each other but not anymore.

With all due respect people like you will list not manipulated stats instead of walking down those streets yourself. I walked the walk. Your playing backseat quarterback. .

But I guess since I'm a minority I should bow down to your white privilege and believe you rather than my own eyes.

The fact is both parties are there for power. And I was a MLK, JFK, Democrat. .the party has lost its way.

@Mikki **********

Why would I live in the hood ? I’m well educated and quite successful. 40yr Anti-Trump Republican. There are educated successful Republicans, then there are the MAGA crowd like MTG, Boebert, and Bannon. You must have Ben a horrible law enforcement pro if you’re clueless about violent crime. Look at the stats of every large city. You’re a 🐑 as you believe everything that the Republicans are spewing. I am a thoroughly disgusted Republican as the party can not even agree amongst themselves

@Doug **********

funny from someone thats not here . But you're probably right , Detroit , shit hole west side Chicago, Miami etc are all safe.

Im sure you never lived in the hood bro. But it's cool , it takes all types to make the world turn around

As far as Bannon? The guy will be doing time. You must be woke Democrat. I'm independent but used to be democratic.

But you see you Democrats today aren't the Kennedy , MLK Jr, Rosa Parks, Angela Davis Democrat. Peace and love bro

@Mikki **********

Google it. I am also from the US. Chicago, NYC, Houston, Miami, pick a city. SF is a special case. And it’s called the Selective Service, not a draft, and it’s been enforced for over 50 years

You watch too much of Steve Bannon

@Doug **********

sorry you are completely mistqken unless you're privileged and live in the safest areas. Doug I'm from the USA , retired law enforcement working for child protection services.

..bro I'm in California Bay area visiting family , walk the streets of Oakland and San Francisco ....

If it's so safe and great come on back, I'm sure Gavin needs the tax base or maybe you don't believe what you hear?

I talk from first hand experience

@Mikki **********

Violent crime is way down in large cities and there is no draft being implemented. You believe everything you’re told ?

@Doug **********

If true it just shows how the government misuses it's time and our money..

People should be more concerned about A weekend at Bernie's ,double energy prices, and double everything else.

The draft for men and women being reinstated, 1 trillion dollar every month in interest payments to the debt

And what about safety? American big cities are incredibly unsafe. It's ironic , when POTUS visited SF a secret service agent got robbed by gunpoint..the irony

Dude it's easy to jab one side but both sides are corrupt imo....one love ❤️💛💚

@Steve *********

Yeah, and a couple of Republicans introduced a bill to rename the US coastal waterways after Trump. The whole party is a sh1tshow and I’m a Republican

@Mark *****

I agree with you there Mark

@Ally ***********

I wish them luck.

@Ally ***********

have to disagree. I don’t see many sleeping giants. I see only one and that’s India. All the rest sucks big time. I’m married to Brazil so please don’t try to lecture me about Brazil 😂

@Burnard ***********

totally agree 👍🏽 what I’m saying is just that China is the strongest of the pack. And like you say they’re already weaker than any competitive country

@Burnard ***********

one of my favourite sayings:

don’t listen to what they say. Watch what they do…

@Per ********

There are many sleeping giants among BRICS nations.. the only thing holding them back has been their insurmountable national debt.. once this gets wiped there will be a level playing field and they will flourish economically.. combine this with an asset backed currency moving forward and these countries will no longer be at the mercy of the West.. who have hitherto pillaged their natural resources for a pittance.. economic equality is just around the corner.. and the BRICS movement is simply one of the vehicles to drive it forward.. they don't need a common currency if exchange rates are harmonized.. and this is the intention once the infrastructure is ready!

@Per ********

China also has some Sanctions difficulties. They also have the worst economy, they have had, in decades.

@Ally ***********

Meaning they will accept BRICS payment (whenever they agree on one) but they are not going to stop using the Dollar & Euro (the currency of there biggest markets). If they say so, they lie. And, in the end, they may change their announced intention (they frequently do) if it looks like the BRICS currency is a Lead Balloon.

They are just keeping their options open but just watch. With that subset of countries it is more important to see what they do. Not what they say.

But still, look at the countries that are all clamoring to join the BRICS. The inclusion of most of them will bring any prospective currency down, not up.

Btw, the "Rich" countries you mention are, primarily, politically unstable.

@Ally ***********

the BRICS countries are all weak economies with only one real strong economy which is China. And even China is still dwarfed by United States

In other words who would like to hold all these shit currencies on their balance sheets 🤷‍♂️ no one is the answer

Hence why BRICS will only become successful with a common currency. This has been on the table for a long time. But the path to a common currency is mission impossible. It’s never going to happen

The US dollar will be just fine even without all these 3rd world countries backing it. It might weaken a but nothing to be afraid of

The BRICS countries will never come to a conclusion on a common currency. Equally no country will hold any of that shit instead of dollar. It’s a one big show

@Burnard ***********

As at 1 Jan 24 the original 5 country BRICS alliance had doubled to 10 countries.. those 10 include 5 of the biggest oil producers in the world.. meaning 5 of the top 10 largest oil producing nations.. and some of the richest nations on the planet.. so not 'poor' by any stretch of the imagination.. and with the exception of the efforts to sanction Rus.sia.. they are not sanctioned either.. and with another 10 Asean countries set to join BRICS (including Thailand) this demonstrates the desire for the rest of the world to move away from the USD.. of course they will still want to trade with the US.. but it will be on their terms going forward.. so the US must step into line!

@Burnard ***********

exactly…. Spot on 🎯

Like I have been saying. It’s a big fat NOTHING burger 🍔

@Burnard ***********

yes,

I find that Thailand is quite happy to convert my $ to Baht every month.

@Ally ***********

by whom?

@Christopher *******

You've completely lost me.. if China is a BRICS nation and the US has ditched the fiat dollar and become part of the BRICS financial system.. why is there a problem trading with China.. the Yuan will replace the USD as the world's reserve country during this process.. the propensity for international trade will be unaffected.. but this is dependent upon the rainbow dollar being asset backed.. it will be because that decision has already been made.

@Christopher *******

Planning for the day when China is at war with, and cannot trade with the USA and other Western countries?

@Ally ***********

we are a third of their economy U.S. imports of $3.2 trillion were imported from China, and 32.4% of total U.S. trade deficit was with China

@Ally ***********

I think you are missing the economics point

@Christopher *******

You are missing the point.. the fiat dollar is dead and buried.. it has to be replaced with a new asset backed dollar.. that move is akin to joining the BRICS nations in economic terms.. and ensures continuity of trade.. the US will probably be one of the last countries to convert.. because the pResident has to be removed before that can happen.. fyi it will be known as the rainbow dollar moving forward.

@Chris ********

this is all perfectly fine as long you understand that your money DOESN’T appreciate!

Money debasement is corroding the value of your money with an annual rate between 7 and 12%

Money debasement is also known as money printing or stock to flow

@Robert ***

exactly 👍🏽

Like I say it’s the biggest nothing burger in history

@Toby *****

spot on 🎯

@Sri *********

not true. Like all assets gold fluctuates.

@Sri *********

I will be happy if you would drop me some stock names to check out ☺️

@Sri *********

you’re touching on a really good point. I’ve had India on my radar for a long time. The India stock market is on a crazy rampage 🚀🚀🚀

But there are two reasons why I’m not in the India stock market

1) I have zero knowledge about it

2) currently I’m playing the Bitcoin and crypto game because it’s about to go parabolic

Once the Bitcoin and crypto market is over I will rotate into high performance stocks. Perhaps looking closer to India 🇮🇳

@Per ********

if you can invest in Indian stock try it's booming defence and railway stock. It's given more then 100% return

@Sri *********

Here you see the performance of all asset classes over 14 years

In order to be status quo you must outcompete the M2 which is ranging between 7 and 12%

@Sri *********

you’re not taking the money debasement in consideration then!!

@Per ********

You can't do big earning but you can exchange for money for same value anytime. If you want high return try mutual fund, stocks

@Sri *********

Gold is the poorest performing asset class

….and yes you’re actually loosing value by holding Gold

@Jeff ******

never said it was

The O P said that

the question marks are a clue to my comment

@Peter *********

Sterling isn’t in any way pegged to the dollar

@Jeff ******

Thanks fir the thoughts Jeff. Perhaps you are right, but frankly I just don't get it. As well, I am at the time of life, 76, when I am interested in preserving capital and keeping pace with or somewhat exceeding inflation. For me, my days if investing in moose pasture and speculative mining stocks are well behind me. Still it is hard to argue the amount of capital that is invested on the bitcoin market. I did check out Blackrock on this and they do have a Bitcoun ETF.

@Mark ********

I don't blame you, but its mainstream now and whilst the whole thing is nuts the fallout of any collapse would be too much for major economies who are regulating it more and more. My opinion it's safe to jump on now, the predictions over the next couple of years by respected analysts are nuts!

@Jeff ******

Just not interested in bitcoin at all.

@Mark ********

really? The biggest investment house in the world (blackrock) are telling you you’ll miss out!

@Brian *******

you mean 'was '... influence is declining rapidly...heading quickly towards a multi polar world

@Andrew ******

Then you don't understand how powerful the USA is

@Brian *******

it already is a big problem for US ... especially with Saudi Arabia and UAE joining ...apart from 3 of the worlds largest economies china India and Russia .. with potentially the 2 largest economies in SE Asia Indonesia and Thailand maybe joining soon

@Brian *******

🎯

@Robert ******

no it’s a joke

@Jae ****

BRICS isn’t even visible on the financial map 🤷‍♂️

@Mac ********

Whichever it is. Cash is king.

@Mac ********

you get it ✅

@Jae ****

But not a bed of roses for BRICS:

Brazil: Political instability and corruption scandals.

Russia: Sanctions and economic isolation.

India: High unemployment and inflation.

China: Slowing economic growth and high debt levels.

South Africa: Political uncertainty and governance issues.

Thailand: Economic recovery post-pandemic, political uncertainty, and tourism dependency.

G7

United States: Strong economic growth, technological innovation, and a robust financial sector.

Germany: Industrial powerhouse, strong manufacturing sector, and fiscal stability.

Japan: Advanced technology, high levels of innovation, and strong export economy.

United Kingdom: Global financial center, strong service sector, and high levels of foreign investment.

Canada: Stable political environment, rich natural resources, and strong banking system

@Jae ****

The problem with that is? Given the EU GDP (18bil) is the largest one on the planet so hey let’s vote for Brexit to annoy the world no 1 trading block! 😂

@Mac ********

humans love to spread fear to create panic. One of the most £ucked things about us

@Ronald ********

exactly 👍🏽

@Mike ******

No

@Ian ****

correct ✅ however all FIAT currencies has dependancy

@Simon *******

explain please

Good discussion fellas with good valid points raised.

Enjoyed the posts in a good debate.Thanks

@Mark *****

and they never own the land … you omitted to mention that . You spend millions of baht to build a house your wife only actually legally owns . And if you divorce … all your money is gone . But let’s not worry about trivialities like that .

My point really is most people from abroad buy condos , not all as you say , but most . Ask the owners of The Met condo project in Sathorn Road Bangkok . They paid a lot of money for expensive condos ( hundreds of them in that building and yes they are nice , ) but … here comes the punchline … developers bought the small land in from of The Met and are now building a huge sky high condo right in front of it so the owners of The Met are rushing to ( unsuccessfully ) sell before the only view they have left is of the air conditioning condensers which will soon spring up in front of them . The developers of 125 Sathorn ( the name of the condo being built in front of The Met ) specifically designed the building so all the air condensers face The Met so the nicer front view is clear for the new condo owners . In the process they obliterated the view for The Met owners , and made it impossible now to rent out or sell . Dozens of foreigners investments gone .

The house agents wouldn’t mention that to prospective buyers of course .

I’m not saying you were not successful but you did something unusual for foreigners and my advice was directed at the majority of foreigners who come here with blinkered vision , throw there money down and then lose it all years later .

At least admit I’m right about condo ownership … it’s a terrible investment

@Harry ********

Point being, thousands of foreigners are building houses in Thailand that have familes here. Their investment in a family home makes great sense, counter to your point of not investing here. Single, I would not invest (for profit), with a family, so many other factors are involved. Making a general statement of not to invest in Thailand is, at best, misguided advice.

@Mark *****

I am informed , and it says it all … your wife’s an agent !! So maybe with inside information you made money , 99% of people will lose . If you want to leave your family something then buy in a safe country eg UK just as an example where property is easy to sell ( unlike Thailand ) and it goes up in price ( unlike in Thailand ) . Buying land and subdividing it is good if you have inside help and is not suitable for most people . Most people will only know about buying a co do … huge mistake unless you like the nightmare of ever trying to sell it ( along with thousands of other condos to compete with ) and not getting your money back . And NO I have never bought a condo in Thailand because my brain still works

@Harry ********

You obviously don't know the property market on the islands then, and nothing of land sales. I'm retired, my wife is a part-time agent. Bought plots of land here a few years ago, subdivided and made millions in that short period. I'm not talking about condos in BKK. Smart investments are great...and if you have a family, and want to leave them with something when you pass, a property investment is a very, very, smart idea. You sound woefully uninformed.

@Mark *****

you sound like an agent , they are always spouting this nonsense because it’s their job . Compared with the uk where property both for rent and sale is in short supply and huge demand , I can think of no country outside of China where there is such a huge glut of un sold units and thousands upon thousands of condos to rent , than Thailand . Prices are the same as 10 years ago and even then they can’t sell

@Harry ********

Do you understand the property market here? My wife has bought and sold land here for the past three years and has made millions. Great investment opportunities here. And for my family, I spent 7M baht for land and house, equilvalent rental at least 70K/month (4 bedroom with pool). Over say 30 years, my rent alone would be 25M and myt familyt would have nothing. Instead, whenever I pass, my wife and kids have a free house for a couple decades (or rent the house out). At that point the land would likely be worth more than the house. Sorry, investing in property here makes much more sense if you have a family here. No brainer.

@Mark *****

not in property it isn’t . Why invest here . Just invest in your own country , bring the money here as and when you need it

@Harry ********

If you don't have a family here, that makes sense. If you do, investing is fine.

@Harry ********

Best recommendation I ever heard

@Harry ********

this is how winning is done 👍🏽

@Harry ********

Spot on,make your money overseas and spend it in Thailand

@Harry ********

Spot on my man 🎯

@Lena ******

At last, i hear from someone who has stepped outside the matrix and has woken up.. you are absolutely correct.. it was invented by said agency to fund their black ops' under the BO criminal regime.. and BR is cab. al owned and a tool for market manipulation.. a massive part of their control mechanism.. glad to see you are wide awake 👏

@Ally ***********

WOW 😮 every single detail you wrote is so factual wrong. I’m in awe of your writing. I had many discussions with people about this subject over the years. But your take is the wildest at most wrong ever 🤣

I can’t even wrap my head around your facts. Unbelievable 🤣 so absurdly wrong that I won’t even debunk any of it although it’s so easy to do

Just wishing you good luck with your amazing imagination… unthinkable! How are you doing this 🙈🙊🙉

Just two question. How much time did you actually spend on educating yourself on the subject. And what’s the source.

@Per ********

Your lecture overlooks the fact that bit coin is (or has been) the primary currency of the evil child traff. icking industry.. it suited them because it is not uniformly regulated across the world.. and despite your assurances to the contrary transactions are not easily traceable.. however the fuse has been lit under that monstrosity of a business and the war against it is being won globally.. the only cryptos that will be likely to survive are XRP and XLM.. and they will be asset backed moving forward using gold (on Ripple) and silver (on Stellar).. and they will sit on a universal quantum platform that tracks all transactions.. BTC will not survive and will not exist in the new world.. this decision has already been made.. your history lesson is actually irrelevant.. because the past does not dictate the future.

@Ally ***********

Let me help you to understand some of your fundamental misunderstandings:

✅ Bitcoin was created as a consequence of 2008 Financial crisis. Simply to avoid something similar happening again

✅ in the early days of Bitcoin criminals did use Bitcoin. However they quickly realised what a terrible mistake that was! And apparently you’re now doing the same mistake! Here’s the fact. Bitcoin is a blockchain and anyone can trace all transactions all the way back to inception. That’s right also the criminals transaction. Do you know why criminals stopped using Bitcoin 😏

All jokes aside criminals prefer untraceable FIAT money. Criminals also use cars, mobile phones, escalators, aircraft’s etc. do you also claim these things were all invented for the sake of crime… asking for a friend 😏

✅ Bitcoin will crash again. Just like any other asset, equity or stock. No surprise Sherlock. But sitting on your hands saying naaah is simply stupid AF. Take what the market gives you and the Bitcoin market is about to go parabolic while you’re moaning.

✅ when Bitcoin crash that’s the time you buy up big and wait.

1) Buy low

2) sell high

3) Rinse

4) repeat

6,5 million percent so far and the worlds best performing asset ever in history. Even NVIDEA looks pale in comparison

Everyone gets their Bitcoin at the price they deserve. Perhaps you’re just not mature enough hence not getting your Bitcoin at the current price. That’s all perfectly fine. My job isn’t to convince you!! Because you will pay the price in one or the other way later 🤷‍♂️

The smart money gets it. Your investment regardless if it’s pension or something else gets it hence you’re getting it indirectly. Try to stop evolution and you shall fail. Perhaps try to stop AI too 😏

@Per ********

He’s a complete fool

You can be rude when people spout this pish about BTC without understanding it. If it's good enough for Larry Fink of Blackrock( $30 TRILLION AUM) then it should be good enough for the rest of the world. It's the hardest ASSET in the world!!

@Ally ***********

you have a lot to learn about the subject. Not being rude

@Per ********

The currency was originally created to hide the spoils of illegal activities.. has been mined by the same criminals ever since.. and has been artificially supported by them to look attractive.. it will soon bomb again.. but next time the freefall will have no bottom!

@Doug **********

spot on 🎯

@Andrew ******

exactly what I’ve been saying 100 times in this forum 😅

However I look at the dollar from two perspectives

1) currently the US dollar is down trending since the swing top on September 28. This downtrend is completely normal and expected as cyclical price action. This is what I call the macro economical chart structure. Eventually the DXY will trend up again in a few years

2) is more the long term holistically view. Because all currencies today are FIAT and because they’re all Ponzi schemes. It means that this circus will eventually come to an end. I call it the big reset and is something which happened many times in the history. Simple because a FIAT currency based on money debasement cannot sustain itself. US debt is increasing with a pace of 1 trillion dollars for every 100 days. Currently approaching 35 trillion. For comparison the US military budget is just shy of 1 trillion. Eventually all FIAT currencies will collapse. Make sure you’re in US dollar when that happens because the dollar will be last man standing. Just don’t expect this to happen anytime soon

My final comment is related to the wall of worries in this post. All the absurd moaning that BRICS will kill the dollar as the world’s reserve currency. That’s complete nonsense. BRICS can shout as much they like. At the end of the day they’re dwarfed by the United States and Europe. Furthermore BRICS consists purely of political unstable countries and troublesome countries. BRICS is a big fat nothing burger. It’s like saying a group of convicts will take control of the world

Finally we have the petrodollar discussion. Again a nothing burger. Yes it will weaken the dollar short term. But that’s about it. It will never change the world order

And repeating myself again… I’m not advocating for the US or their dollar. I’m just looking at the charts and data

@Ally ***********

interesting view .. hopefully you are correct ...the sooner the change the better

@Per ********

the US dollar will now be on a slow downward trend ...

@Ally ***********

Again, no substance. I play the market in front of me and play it very very well

@Doug **********

People that make such conceited statements without doing some serious research should consider building themselves a padded cell.. preferably one without windows.. so they can't hurt themselves when they realise just how foolish they were in such a public forum.. and so that the world can't see the embarrassment on their face.. when the universe proves that my forecasts were pretty close to the reality that unfolds.. until then people can wallow in their self-acclaimed superiority and continue to massage their own egos.. but one day soon they'll realise they simply didn't understand the reality of the world we are living in!

When people hurl insults it's usually because they have no substance to share.. being rude and disrespectful to complete strangers does not make you righteous.. neither does it make you more intelligent.. you are at liberty to believe whatever.. though this will likely be exactly what the establishment wants you to believe.. people are still living inside the matrix.. and cannot see clearly because of a lifetime of blue-pilling.. once you step outside the matrix the fog will lift..but unfortunately cognitive dissonance prevails!

@Ally ***********

You can’t even construct a proper sentence and your rambling has zero evidence, fact, and it’s just grammatical jibberish . Clueless and on the verge of illiterate. 40 years of banking/finance ? In a country that is not a player on the world stage, and, I still do not see any high level experience. Are you on shrooms by chance ?

@Doug **********

The creation of globalist infrastructure among the cab. al owned crimi. al banks is not a glowing reference imo.. and having done so under any US regime prior to won't instil anybody with 'knowledge' that is relevant today.. because the world has been changing rapidly over the last 7 years.. and unless people understand how and why this is happening they will not grasp what must happen next.. coming from a background of over 40 years in banking and finance myself it was hard for me to accept at first.. until i realised i needed to forget everything i thought i understood from my former career and re-educate myself in the here and now.. people need to start with a clean sheet of paper and want to fill it with some truth.. meaning truths learned today.. otherwise their thoughts will continue to be guided by historic conditioning.. unfortunately many people are asleep at the wheel when it comes to understanding the journey they are on!

@Ally ***********

Hilarious, your unreadable short story response, which is a grammatical disaster, clearly shows you’re not a senior financial pro. I’m absolutely far more knowledgeable and very well qualified to say that your assessment makes you appear to know it all, while pros know you’re full of crap. Qualifications ? Retired Wall St veteran. I designed HSTS Forex for the Wall St big boys as well as consult for JP Morgan, Wells, Citi, and GFI. Highly qualified to clearly state you’re a buffoon and are clueless about the current state of the US banking system, nor do you have any understanding how the health of large banking institutions are measured. The current FCF and reserves of the “too big to fail” institutions allows them to far exceed CET1 requirements. For the wanna-be’s, like you, please do tell how the system is on the verge of collapse. If there was a worldwide deep depression, the BRICs collapse, most of Europe’s largest institutions fail, and the US remains standing. And, regardless of the Petro agreement, when the sh1t hits the fan in the world, even the BRICs are running, not walking, to buy into the safety of the US. No wonder you’re not retired and had to migrate to a cheaper location as good financial pros have more money than they know what to do with and it’s a rough problem to have. But please, do tell all about your vast FOREX and banking client experience ? 🤣🤣🤣🤣

@Ally ***********

yes 👍🏽 although having different opinions about certain things we’re not that far from each other

@Per ********

Totally agree.. at last 😁

@Doug **********

I find it incredible that people rush to make judgements about the intelligence of others without having the slightest idea about them or their education.. their egos tell them 'they' are far more intelligent and far more knowledgeable.. so they dismiss opposing opinions as being baseless.. rather than considering the fact that they are the ones who might be uneducated and uninformed.. people can believe what they want but shouldn't castigate others for sharing a different point of view when there is no evidence to prove their own theory.. this mostly results from 'cognitive dissonance' and sadly swathes of humanity have been conditioned that way since birth!

@Ally ***********

I wish soooo much you will be right 🙏🏼🙏🏼🙏🏼

The CBDC is the end of freedom as we know it. But people like to be screwed so they believe that a digital currency will change the world to the better. The same people also believe a digital currency is the same as bitcoin or crypto. Boy are they wrong 😑

@Per ********

CBDC's are an effort to control us.. alongside a social credit score system et al.. they will not succeed as a CB invention!

@Per ********

Nope.. all hyperbole!

@Per ********

The guy is a complete fool

@Ally ***********

Do not listen to a single word from this fool as this is a completely clueless statement on currency markets and the US banking system

@Ally ***********

Correct ✅

you did not suggest BRICS would create a currency. However it’s been on the table for a while now

@Ally ***********

I get your point 👍🏽

However the Euro is not threatened as such. If we shall talk about the end of our current monetary system then I see a total collapse happening sometime in the future.

This will be known as the big reset. And since all FIAT currencies has a dependence it will mean a total collapse of the current monetary system. History repeats 🤷‍♂️ no FIAT currencies have ever survived. Particular the current system is a massive Ponzi scheme not seen worse in history

You can only get rid of central banks when there’s a true decentralized monetary system in place!! So talking about no CB is nonsense unless you at the same time say decentralization

Meanwhile most CBs are rushing to implement CBDC which will become the biggest big brother move in history. 1984 was a children’s game compared to the upcoming CBDCs

I do not see a backed currency system happening again 🤷‍♂️ that ended in 1972

@Per ********

I never suggested there would be a 'BRICS' currency.. or a one-world currency of any description for that matter.. countries that are declaring an intention to join BRICS are simply moving to an asset backed currency.. which is a requirement for them to participate in the new world financial system.. and it is imperative for nations to retain their own (completely independent) currency units in order to maintain sovereignty.. hence the Euro cannot survive since the EU is not a sovereign state.. but a federation designed with the sole intention of removing a member nation's sovereignty.. so all EU countries will have to revert to their native unit of currency.. and after collectively wiping out all national debt across the world.. and equalising exchange rates.. every country will have a clean slate to begin building a better future for it's people.. no more creating money out of thin air and lending it to govt's.. which has been the means by which CB's have exerted political control over nations in the past.. CB's are unnecessary since they only serve their paymasters.. the functions that may still be required can be absorbed by the Treasury division of a sitting govt.. but will be run by true representatives of the people.. not business men looking to grift an unsuspecting public.. the whole concept of banking has to change since it's been a den of inequity since inception.. and that change is coming fast.. people need to go to Rumble or Bitchute and search terms such as qfs and nesara/gesara to get informed!

@Ally ***********

explain a world without a central bank…

I have the perfect solution for it. But most people are still not aware about what’s happening. Nevertheless central banks are not going away…. Facts

Meanwhile let’s talk about the BRICS currency.

Who control the currency?

Who decide the debasement policy

How will the debasement be controlled in relation to major financial events?

What about inflation?

A shared currency can ONLY work when it’s truly decentralized. No centralized currencies except the US dollar will ever make it as a new reserve currency

Now let’s talk about a decentralized currency 😏

@Ally ***********

yes I’m fully aware of the 50 year contract between Saudi and United States. I’m also fully aware why it’s called the petrodollar and the fact that it’s coming to an end

That said the US dollar is nowhere near a collapse. And when it’s time the the end of our current FIAT system the US dollar will be last man standing

I’m not advocating for the US dollar. I’m simply looking at facts

@Per ********

Do you know how the US Dollar gained it's 'petro' status.. that the agreement for SA to sell it's oil ONLY in USD expired this month.. and that the only reason for any country in the world to hold USD reserves.. ie. to be able to purchase oil.. expires with it.. the agreement with SA elevated the US Dollar to become the world 'reserve currency'.. but today SA can now accept (and indeed prefer) BRICS currencies.. every nation will now be dumping their USD reserves since they have no compulsion to hold them.. a simple supply and demand equation!

@Ally ***********

you describe my dream scenario. However central banks are not going to disappear anytime soon

@Per ********

There will be no 'central banks' in the future.. not in the sense you think of them today anyway.. very few people know who owns (or used to own) the Federal Reserve.. or the BoE for that matter.. I'll guarantee it won't be who people think it is! All CB's have to be removed to fix the world!

@Ally ***********

a BRICS currency is the biggest joke ever

Who’s going to control it?

Which central bank?

Russia, China, South Africa, India and Brazil creating a common currency…. Are you kidding me 🤣🤣🤣🤣🤣🤣

@Ally ***********

nonsense 🤷‍♂️

The US dollar is cyclical and is currently trending down. Nothing to worry about. And yes all FIAT currencies will eventually collapse. But again the US dollar will be last man standing

I’m not advocating for the US dollar. I’m just reading the charts and financial data

@John *********

brick weed

@Stuart *******

46

@Frank *********

not really as much as you realise, only for Western countries that are tied together.

@Juha ******

didn't say you was.

@Joe *****

I realize that and it is good for them to be free from unnecessary influence from the US.. All I am saying is that whatever happens to the US economy will be felt worldwide.

@Andrew ******

you are idiot. Can you read at all?

@Juha ******

that list is from 2014 ... At least check the dates 🤣🤣👌. Yen years ago !!

@Per ********

and the petrodollar is on its last legs now

@Andrew ******

@Andrew ******

BS

@Lisa ******

yes BRICS has had a definite impact on Chinese currency vs dollar, lol. It’s a nothing burger. It just shows that Thailand is growing closer to China.

@Juha ******

not sure when this was done ...china has been the no 1 country in PPPgdp terms since 2017 ... WTO uses PPP as it's a more accurate reflection of a countries wealth as opposed to GDP . Last I heard Russia had 4 th largest economy In Europe

@Frank *********

what way i am delusional?

@Joe *****

makes sense to me!

@Lisa ******

well I think the US just thought it would be too inconvenient for countries to trade outside the US dollar.

But after what countries are seeing the US do to poor countries by using the US dollar as a weapon to sanction countries, and then hold a coup, these countries obviously want out of this system and opted for trading in local currencies with BRICS, instead of US reserve.

It is far more inconvenient for these countries to be sanctioned by the USA, than to switch trading economy, hence the mass move away from the US dollar reserve.

@Joe *****

tbh this is the idea I had about it before this post but I don’t have any founding knowledge to know what’s right or wrong I’m just interested ha.

@Lisa ******

US reserve currency is what the US has abused to sanction countries it wants to coup or steal from.

Now that countries on BRICS do not need the US reserve currency anymore it's weakened the US and will continue to do so as more countries join BRICS and the US reserve becomes irrelevant.

@Frank *********

what you and the West failed to realise due to complacency, is that many countries are moving away from being reliant on the US reserve and becoming wealthier and free from sanctions and threats. US is losing its biggest weapon 😂😂

BRICS is the safe option for countries that the US can threaten with sanctions, as it has got away with for decades.

What you fail to realize is that if the US economy fails it will have a ripple effect on the world economy as many countries depend on US markets for their products.

@Joe *****

you are delusional.

@Andrew ******

not true. Russia 11th smallest economy.

@Joe *****

this is how loosing become evident 😏

@Joe *****

you’re not the sharpest knife in the kitchen are you? 😏

@Conny *********

the moon is full but we have no fish?

@Joe *****

then does relay on fiat of any other kind. I wait and pick up your assets...

@Conny *********

it's a good way of saying you are talking utter 💩

@Joe *****

that is a good way to say that you don't understand ...

@Per ********

you still sound like a desperate Western propagandist who has no idea what they are talking about.

@Joe *****

since it makes you so happy…. BRICS imaginary and non-existing currency is a big fat juicy nothing burger 🍔

Happy now ☺️

And yes people should buy bitcoin as it is going on a rampage. All the smartest money allocators in the world have fully adopted bitcoin. It’s traded on Wall Street as the best performing asset in history.

Black Rock CEO Larry Fink and the rest of all major trillion and billion dollar AUM are heavy in Bitcoin

But you probably don’t know what an AUM is 😏🤡

@Joe *****

are you telling me you can’t read? I’ve contributed with tons of information in this post. You’re just trolling because you have no more arguments 🤷‍♂️

Shit happens and you’re the useful idiot left on the stairs

@Per ********

explain why you believe Western propaganda and that BRICS is a currency?

@Conny *********

well you made as much sense as a chocolate teapot.

@Per ********

it would be cool if you had knowledge 😂

@Jawed ****

India will become significant in the future. No doubt. But a BRICS currency is still not gonna happen. And if then it will never become important

@Lisa ******

China is big and the only real competition to US. Russia is a pile of shit. Basically Russia is the useful idiot for China. In reality China doesn’t care about Russia. So they’re just using the stupid idiot 🤷‍♂️

@Jawed ****

yes I did!

@Conny *********

happy to see other knowledgeable people in this discussion 🙏🏼

@Joe *****

explain this chart to me. I’ve removed all indicators to challenge you a bit

Yes, the measuring tool shows more than 6 million percent

@Lisa ******

you forgot india

@Andrew ******

100% correct

@Lisa ******

there are zero chance for a successful BRICS currency. It’s madness to believe they will become successful. Regardless how much you hate or love the US dollar it is the world’s reserve currency and will remain as such to the bitter end.

Talking about end… all FIAT currencies will eventually collapse. Simply because it’s the biggest Ponzi scheme in history. That said the US dollar will be last man standing and it won’t happen anytime soon.

You can relax ☺️

@Lisa ******

just remember this forum is filled with toxic people and clowns 🤡

Be careful who you listen to. Even me! Do your own research and trust nobody else than you. I work with these things and the most important learning is exactly to ignore media’s, experts and smart people

Personally I use this kind of discussion as an indicator of market sentiment. As an example this post shows me how bearish people are and how foolish others are. This gives you an edge in trading and investment

@Per ********

I think you are just pretending to know what you are talking about 😂

@Lisa ******

yes but it’s a fair question in this conversation so no hard feelings 😅

@Per ********

good old robots could

Of done that myself couldn’t I 😂

@Joe *****

🤣🤣🤣

You have absolutely zero clue what you’re talking about 🤣🤣🤣

@Joe *****

not really.... All Fiat is connected to USD since the Briton wood system.

If they break that the market doesn't have a clear fix point . Mr market hates that..m

@Per ********

you are so ridiculous and out of touch. US reserve currency will be history. US messed up thinking it would be too inconvenient for countries to not use their reserve currency.

But what is inconvenient for countries is using the US using reserve currency as a weapon to sanction countries.

Why do you think BRICS is so popular?

@Lisa ******

Directly from ChatGPT 😅

A reserve currency is a foreign currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves. It is used in international trade and financial transactions, and its stability and reliability make it a preferred medium for international settlements. The most prominent reserve currency is the US dollar, but other currencies like the euro, Japanese yen, British pound, and Chinese yuan also serve as reserve currencies to varying degrees. Having a currency used as a reserve provides significant economic benefits to the issuing country, including lower borrowing costs and greater economic influence globally.

@Joe *****

what is a reserve currency 👀

@Lisa ******

exactly ✅

@Per ********

this is good to know 😅

@Per ********

the only ones I think that made me think was uae, china and Russia. The rest I agree from my

Limited knowledge don’t seem to have their shit together.

@Lisa ******

the BRICS currency is doomed to fail

Look at the odd countries in BRICS. Which country should manage the currency. Which national bank? How should the currency be backed and by whom…. I can list hundreds more questions

Again look at the list. Most are poor and low performing countries with huge money debasement

The US dollar will remain as the most important currency for a long time

@Lisa ******

yes you will not hear anything good or truthful about BRICS in the West as its embarrassing for the Western governments.

@Per ********

there will be no US reserve currency thanks to BRICS. 😊

@Joe *****

yeah I didn’t hear it through mainstream I did a bit of research 🧐

@Per ********

good to have some of your knowledge! I visited Google 🤓. So there flexing? So many countries are joining it so I thought it was gaining momentum 😅

@Andrew ******

yes US and EU sanctions on Russia really backfired badly for them.

Now EU is stealing $50Billion of Russian assets to keep Ukraine war going. Which is a terrible decision for any country or business thinking about investing in the EU or US. As US and EU has shown they will illegally break rules and steal your money if they need to.

I think the US and EU know they are economically screwed for decades to come, so stealing Russian money is just an act of desperation.

@Joe *****

very true ...Russia now worlds 4 th largest economy .....helped by US sanctions 😂😂

@Andrew ******

no it won’t

@Per ********

the days of the US dollar being the reserve currency will be coming to an end

@Per ********

remind me what you do? 😂😂

@Joe *****

I work with these things daily

@Per ********

you do apparently 😂

@Joe *****

Nope you just don’t understand how macro economics works

@Joe *****

soon they will. They’re always brining these kind of BS news. Together with so called experts and financial advisors

All same same pile of 💩

@Per ********

mainstream media do not talk about the failing US and European economy compared with Russia and BRICS. 😂

@Per ********

petrodollar is already ending. Saudi ditched the US petrodollar last week.

BRICS countries will be immune to US sanctions, which has been the US main weapon of imperialism.

Not any more though, and we can see how Russia easily managed to deal with 16,000 sanctions, whilst becoming the biggest industrial economy in Europe

@Lisa ******

stop listening to mainstream media’s. They’re all spreading FUD

Russia is pissed off and trying to manipulate the marked. There’s a name for it…. The wall of worries (Google and you’ll see)

I work with these things daily

@Joe *****

was wondering if anyone would talk about the thread topic. Thanks.

@Per ********

ah do

You think? 🤔 i don’t know a lot but it sounded like big moves to me.

@Lisa ******

nothing will happen 🤷‍♂️ the only thing that will impact US is the end of the Petrodollar. BRICS is a nothing burger

@Joe *****

I do wonder what will happen to uk and USA it’s deffo going to have an effect.

@Per ********

with guildens mustard...a must !

@Rob ****

for all you stand up comedians

Yes the correct English term is Swiss Franc with C. However in German it’s Franke

So yes Swiss frank is a mix of English, German and a bit of Danish. Happy I could give you a good time

@Dan *******

sorry I don’t get out point. Did you not read the chart? It’s showing you the debasement of the Turkish lira. In other words Turkey is fucked big time hence reaching out for a life raft. But BRICS won’t save them

@Per ********

yes, if you bought in 2009 and had balls to hold on. But as of today and into the future ?

@Andrew ******

here you see Turkeys money debasement since March 2020… the numbers speaks for themselves. Only Argentina and Zimbabwe are worse

1200% in 4 years 😏

@Joe *****

explain it to me

@Per ********

you just don't understand 😂

@Barry *******

when you understand, you understand

Now take a look at money debasement from any other country worldwide

@Andrew ******

oh yes Turkey too, a NATO country 😊

@Barry *******

This….

@Joe *****

it has quite a few of the worlds largest economies already .. China India Russia UAE Saudi brazil and possibly Indonesia Thailand and turkey soon ... countries that combined have over two thirds of the world's resources !

@Per ********

not a knife issue I hope

@Per ********

ssshhhh, back under your bridge.

@Barry *******

can’t tell due to confidentiality

@Per ********

why what's he done ?

@Joe *****

desperate 🤷‍♂️ WTF should I be desperate about 🤔

@Joe *****

please explain to me you understand the difference between crypto and Bitcoin without telling me you don’t understand

Bitcoin is the best performing asset class in history. Second to none

You do you - I do me

@Joe *****

just a reminder that BRICS currency isn’t existing yet!!!

@Per ********

you seem desperate now 😂

@Rob ****

Nice to see your response.

@Joe *****

well you tell me why it is and I prove you wrong by facts supported by charts

Lessgo

@Per ********

why would I listen to you when you claimed BRICS isn't as good as crypto 😂😂😂

@Joe *****

you clearly don’t have a clue what you’re talking about 🤣🤣🤣

You keep repeating BRICS isn’t a currency. Listen dude… most people understand BRICS isn’t a currency. But perhaps the light bulb just flashed for you

In case you still don’t get it… the BRICS countries have been talking about the creation of a BRICS currency

This is old news but I’m glad you finally learned it

@Per ********

BRICS isn't a currency. 5 year olds know that and you don't.

You are just repeating Western propaganda 😂

@Daren ********

Swiss Monica's husband.

@Joe *****

why don’t you explain the BRICS currency like I’m 5. Should be fairly easy for someone like you

@Joe *****

tell me you understand the difference between bitcoin and crypto without telling me you don’t know the difference

@Joe *****

noob 🤷‍♂️ and you are…?

@Joe *****

list the countries and take a better look at

@Per ********

you claimed Crypto was better than BRICS, what a Noob 😂

@Per ********

40 countries that will be richer and safer 😊👍

@Joe *****

look at the 40 countries one more time 😏

@Joe *****

no I DONT think BRICS is a currency!!! What is being talked about is the creation of a BRICS currency. No one knows what this imaginary currency will be called

@Per ********

so if it's failing why are 40 countries applying to join 😂😂

@Per ********

you are really behind on what is currently happening.

You thought BRICS was a currency 😂😂

@Daren ********

on a serious note I wouldn’t keep my money in a FIAT currency. Yes I like the Swiss frank because it’s the world’s strongest currency. That said I would still not hold FIAT

@Daren ********

Switzerland money

@Per ********

who is Swiss Frank?

@Joe *****

BTW they’re NOT introducing a crypto currency!! What has been discussed for years is a BRICS currency.

Repeating myself… it’s NOT a crypto currency.

@Stephen ********

Gold is the poorest performing asset class!! Why the hell would you put your money in a loosing asset

@Joe *****

I know and it’s the biggest nothing burger in history. This has been discussed for ages and will fail big time

@Per ********

alternative is gold, tax free silver. Singapore for that

@Per ********

BRICS is not a currency, but it is introducing crypto currency to trade in.

@Martin *******

yabaland obviously

@Per ********

good luck when it goes south

@Larry ******

volatility is the price you pay for performance

Volatility is my game. Bring it on…

@Andrew ******

more nonsense from bitcoin scammers. Bitcoin is the only thing that is volatile

@Larry ******

maybe ...for a while ...but declines in currencies dont often happen quickly

@Larry ******

Bitcoin is on an open ledger for all to see. Ask the FED for an open book. How many have lost on inflation? Stock market manipulation and currency manipulating? Put the dollar onto a candid system backed by something then you have a basis for existing. Until then, it will go the way of all currencies.

@Stephen ********

spot on 🎯

@Larry ******

FIAT currencies are the biggest scam in history. Pure Ponzi schemes. Not backed by anything and yet central banks continue debasing by a rate between 7 and 12%

Bitcoin inflation is less than 1.5%. What’s not like. Best performing asset class in history. Annual appreciation for the past 14 years is 150% on average

US dollar trending down. Interest cut within 3 months will help the DXY to further retrace. +6 trillion dollars sitting on the sideline waiting anxiously to be deployed

Life’s good 😊

@Stephen ********

Good try. How many people have lost money on bitcoin scams? BRICS is just a desperation move. The dollar is strong and getting stronger. There are no currencies that are backed by tangible assets. Quit trying to scam people.

@Larry ******

the dollar is the scam..no audit, no oversight by government unlimited production, inflation and based on nothing. Your money is the banks property. A run on cash and your locked out.