@KingKong9888 I feel pity for this poor US president that he has to pretend to be the leader of the world while everybody knows by now that he just has to follow the orders coming from Israel.
@MacleodFinance What probably amazes me the most is that stackers buy and sell their silver (retail) based on what the criminals at comex want us to believe is a fair price for the PAPER stuff…
Why haven’t we by now not all shifted to the price that Shanghai is telling us to be a correct price
@BrissonWil55004@GoldSwitzerland Historical average gold silver ratio of 15 and a future gold price of 10.000 makes a silver price of 666. No need to think of anything else behind that number…
@Jonehmk@BRICSinfo So is this why Canadians shouldn’t try to defend themselves when Trump will soon invade their country, and just simply hand over power??
@Ayocapue @BRICSinfo USA is doing like Russia, invading Ukraine and then accusing that country of starting a war…
USA just started a trade war and is now accusing China!
What a world we live in….
@StevanVoor6733@krekelstein3 Zelfs indien deze kosten niet aangerekend worden, dan wordt iedereen toch genaaid met ons post-Bretton-Woods papieren Fiat geld systeem. Daar zorgt inflatie wel voor (streefdoel zogezegd 2% maar in realiteit veel hoger)
Fiat geld (papier): de grootste diefstal ooit
Central banks don't fight inflation, they cause inflation. Sometimes they cause low inflation, sometimes high inflation. But they never fight inflation.
https://t.co/gxtTktgx5v
NEW - South African President: "We've reached an agreement to invite Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and UAE to become full members of BRICS. The membership will come into effect from January 2024."
Saudi Arabia
Iran
The United Arab Emirates
Egypt
Ethiopia
Argentina
Have all officially been invited to join BRICS.
They will become full BRICS members in January 2024.
The day has finally arrived.
#BRICS and #GOLD - My thoughts – Saddam Hussein
+ The current BRICS initiative for a new gold-backed currency could put in danger our fiat currencies like the USD, EUR, YEN and GBP. It could create massive inflation, a debt explosion, and a massive wealth transfer from West to East.
+ After Nixon took the US off the gold standard in 1971, Kissinger established the petrodollar with the Saudis and OPEC. The USD was no longer backed by Gold, but by Oil.
+ Anyone who has tried in the past to jeopardize this, has had a really hard time. A first example is Muammar Gaddafi from Libya. A second example is Saddam Hussein from Iraq. But there are many others. I will explain them both here in 2 tweets.
+ Saddam Hussein was an Iraqi politician, and was the president of Iraq at the time of his death in 2003.
+ As the Iraqi leader, he nationalized the Iraq Petroleum Company, and diversified the Iraqi economy.
+ He advocated stopping the use of the USD for oil trading. By doing so he challenged the USD on the world stage.
+ He established many major economic and oil deals with China and Russia which were worth billions of Euro.
+ He started a war with Iran (1980-1988) and with Kuwait (1990-1991). A 39-country coalition led by the US, defeated Iraq in 1991.
+ The UN then placed sanctions on Iraq, and Iraq was excluded from the USD payment system.
+ The following economic problems created popular revolts that were violently suppressed by Saddam Hussein (1991).
+ Saddam Hussein more and more adopted an anti-American stance, and finally decided in 2002 to completely dump the USD, the currency of the ‘enemy’, for the more multilateral Euro. From then Iraqi oil was only sold in Euro, and no longer in USD.
+ At the same time Saddam converted his ‘Oil for Food’ fund of 10 Billion USD to Euro.
+ Iran quickly follows and also starts selling its Oil in Euro. With the 2 biggest oil reserve nations in the region selling in Euro, it was very likely that other OPEC nations would soon follow.
+The move from USD to Euro for such an important commodity international sent shockwaves through the world markets, and put into question the USD as the global world currency.
+ As a result, the value of the USD fell versus other fiat currencies. The flight from the USD would have had a severe inflationary impact on the US economy, with higher interest rates and a contraction of growth. The petrodollar agreement had artificially propped up the dollar for years, enabling the US to continue living beyond its means.
+ Only one year later, in 2003 the US and its allies decided to invade Iraq. They falsely accused Iraq of having WMDS – weapons of mass destruction, of having ties with Al Qaeda, and of being responsible for 9/11. All those accusations were proven to be false afterwards. But the harm was done.
+ In 2005 just before Saddam’s trial the death sentence was restored, Saddam was then hanged in 2006. And after his death, Iraq completely fell apart.
+ The killing of Saddam Hussein meant the end of the move of selling oil in Euro instead of USD.
+ The USD was no longer menaced.
2/2
Please retweet if you like what you read. Muammar Gaddafi’s story was published in a previous tweet.
Of the 3,000 emails released from Hillary Clinton's private email server in late December 2015, about a third were from her close confidante Sidney Blumenthal, the attorney who defended her husband in the Monica Lewinsky case.
One of these emails, dated April 2, 2011, reads in part:
"Qaddafi's government holds 143 tons of gold, and a similar amount in silver ... This gold was accumulated prior to the current rebellion and was intended to be used to establish a pan-African currency based on the Libyan golden Dinar. This plan was designed to provide the Francophone African Countries with an alternative to the French franc (CFA)."
In a 'source comment', the original declassified email adds:
"According to knowledgeable individuals this quantity of gold and silver is valued at more than $7 billion. French intelligence officers discovered this plan shortly after the current rebellion began, and this was one of the factors that influenced President Nicolas Sarkozy's decision to commit France to the attack on Libya. According to these individuals Sarkozy's plans are driven by the following issues:
1. A desire to gain a greater share of Libya oil production,
2. Increase French influence in North Africa,
3. Improve his internal political situation in France,
4. Provide the French military with an opportunity to reassert its position in the world,
5. Address the concern of his advisors over Qaddafi's long term plans to supplant France as the dominant power in Francophone Africa."
Conspicuously absent is any mention of humanitarian concerns. The objectives are money, power and oil.
https://t.co/oaJPXAtZeh
#BRICS and #GOLD - My thoughts - Gadaffi
+ The current BRICS initiative for a new gold-backed currency could put in danger our fiat currencies like the USD, EUR, YEN and GBP. It could create massive inflation, a debt explosion, and a massive wealth transfer from West to East.
+ After Nixon took the US off the gold standard in 1971, Kissinger established the petrodollar with the Saudis and OPEC. The USD was no longer backed by Gold, but by Oil.
+ Anyone who has tried in the past to jeopardize this, has had a really hard time. A first example is Muammar Gaddafi from Libya. A second example is Saddam Hussein from Iraq. But there are many others. I will explain them both here in 2 tweets.
+ Muammar Gaddafi was a Libyan politician and was into Pan Africanism.
+ He was the leader of the African Union at the time of his death in 2011.
+ He had proposed a new Gold African Dinar to be used as a new currency for African oil trading.
+ A new Dinar that would be backed by Gold.
+ He advocated stopping the use of the USD for oil trading within Africa. By doing so he challenged the USD and EUR on the world stage.
+ As the Libyan leader, he nationalized the Libyan oil industry, deported the Italian population in 1970, and ejected all the Western military bases.
+ He established many major economic and oil deals with China, Russia and India which were worth billions of dollars.
+ From 1970 he used the new oil funds to implement social programs, emphasizing house-building, healthcare and education projects.
+ He offered free electricity to all citizens, zero percent interest rates for loans, declared home-owning to be a human right, offered all newlyweds $50K to buy a first apartment, free education for all, free medical treatment, free farmland and farmhouse and farm-equipment for those who wanted to farm, free foreign education abroad with a $2300 / month allowance, 50% of a new car offered by the state, almost free petrol for all, no external state debt, unemployment benefits as high as the wanted job, a percentage of oil sales going to each citizen bank account every month,
+ In 1970, a law was introduced affirming equality of the sexes and insisting on wage parity.
+ From 1977 onward, per capita income in the country rose to more than US$11,000, the fifth-highest in Africa, while the Human Development Index became the highest in Africa and greater than that of Saudi Arabia. This was achieved without borrowing any foreign loans, keeping Libya debt-free. The literacy rate went from 25% to 87% over this period.
+ The Great Manmade River was built to allow free access to fresh water across large parts of the country.
+ Libya became the richest and most literate country of Africa during his reign.
+ In 2011 there was however the Arab Spring. It created a lot of chaos, and political puppets came to the scene. During the civil war that followed, armed combatants rose up against Gaddafi and overthrew his government.
+ NATO supported the rebels, and without the NATO strikes it is unlikely that the rebels would have conquered Libya. General Gaddafi was finally killed by the rebels in the streets.
+ After his death in 2011, Libya had 3 major civil wars, knew massive inflation, human trafficking, cashless banks, and no stable access to electricity. Healthcare and education degraded a lot. The Golden Dinar was no more.
+ Some will say Gaddafi was loved, others will say he was a tyrant. He committed crimes on the one hand, and did a lot of good things for the country on the other hand. I will leave you the judge of that.
+ The killing of Gaddafi meant the end of the Golden Dinar, and of his Pan-African dream.
+ The USD was no longer menaced, the new gold-backed currency for trading African oil was never implemented, and the oil deals with Russia, China and India were stopped abruptly.
1/2
Please retweet if you like what you read. Saddam Hussein's story will be published in the next tweet.