>Pay $60 for digital game
>It’s just a license
>Can’t share the game or sell it
>Servers shut down and left with nothing
Remind me again how this is the future?
When Saudi oil was traded in dollars ONLY, it allowed the U.S. Treasury to book a loan (sell a bond) to poor counties and through exchange rates to acquire dollars to get Saudi oil.
Then through double entry bookkeeping, this allowed the U.S. Treasury to book this loan as a deposit (liability) on the Treasury balance sheet, where the U.S. Treasury emitted interest-yielding bonds and created financial assets along the way.
Then when poor countries couldn’t pay off their dollar loans, the IMF came in with SDR’s and as part of the contract the poor countries had to sell off their public domain (ports) to U.S. oligarchs where they charged poor countries fees to offload goods on their own land.
By the U.S. only importing Saudi oil it allowed oil to be artificially priced at $70 bbl where the U.S. Treasury was able to emit even more interest-yielding bonds.
When Xi told the Saudi’s and the Gulf Cooperation Council, King MBS, sh’t hit the fan!
(Central Banks)
Bernanke wrote a blank check for the whole entire system after the Lehman failure.
The extraordinary thing is, they’re doing this from a position where they’ve destroyed their own balance sheets. The central banks basically ramped up bond prices by reducing interest rates to zero and below, so they bought government securities at the highest possible price, and now the interest rates are rising, they’ve got exactly the same problem as the Silicon Valley Bank that went bust.
How do Western central banks rescue the financial system where they themselves are bust?
Through the QFS, and by having digital payments gold-backed CBDC’s go through the BRICS New Development Bank QFS, this means there is no way to launder money.
Drug lords need paper dollars to launder money. If FedNow sends a payment through QFS, it will demand an open-sourced distributed ledger of the U.S. financial system to detect fraud through QFS.
Why do you think ALL these Western dignitaries are visiting Xi? Through digital payments, politicians can’t launder money through QFS.
It also forces the U.S. (E.U.) to revalue their financial assets to $2,500 physical gold v fictitious paper gold.
The elites do NOT want to do this.
The BRICS alliance (about 5 billion people) also have some history of socialism.
Why does China have have 6% GDP for 20+ years? They have learned through a combination of public and private enterprises with a highly regulated state apparatus, and in almost 50 years have lifted the majority of their population out of poverty.
They used the dollar to take them as far as they can go, but it no longer serves their purpose where they can continue with their “common prosperity” economic development.
The BRICS alliance is unlike the Western alliance.
In Treasury secretary Janet Yellen’s Beijing speech, she talked about wanting China to pivot more towards western values of a rentier class F.I.R.E. (finance, insurance, real estate).
This is how the western elites have become very wealthy, and she wants China to pivot towards that model of development versus an industrial capitalism development.
Like it or not, there are new sheriffs in town, and their names are NOT Joe Biden or Tony Blinken.
The dollar is a 90 year project that has outlived its usefulness. Why? Because the U.S. exploited the world for Bill Gates et al’ gain.
So when I say OPEC will turn the dollar off, as uncomfortable as that seems, in their eyes, the U.S. has abused its dollar position evidenced by 800 military bases around the world to conform the world to the US’s dictats.
Why is China buying corn from Brazil and they cancelled U.S. corn imports?
By buying Brazilian corn, this allows the Chinese to help Brazil set up their own resource reserve currency based in part on their agricultural exports and other commodities they may export.
While China may want to internationalize the yuan, this reduces the amount of yuan a country like Brazil will need to hold in its reserves for trade settlement.
BREAKING: Bank of America, $BAC, secretly opened credit card accounts in customer names, double charged overdraft fees, and withheld promised perks from users.
It has been fined $150 million over junk fees.
It's really crazy how in America you can gamble on every sport and play blackjack from your phone not to mention lottery being shoved down your throat all the time. Like they are encouraging the fuck out of gambling addiction at every sporting event and show but they want to protect retail from buying some bitcoin gimme a fuckin break I thought this was supposed to be America