BRICS countries already preparing for their transition out of the US dollar based system of trade and finance
As stock market share price charts illustrate, since the crash of 2008/2009 there seems to be no limit to steadily rising prices. As long as money can be created out of nothing and big banks are no longer accountable, investors will continue buying shares. In this situation the sky is the limit and it’s not only in the US that more billionaires are being created almost daily, the same is happening all over the world. Oxfam reported in January 2015, that the wealthiest 1 percent now own more than half of the global wealth. That’s up from 40% estimated in the year 2000.
Not only stock market prices but also property prices and US Treasury bond prices have been rising together for the past 6 years. Here’s the explanation for the fact that the poor are not complaining and most of the work force can still pay their food and energy bills:- Food and energy prices have not been rising in synchronization with other rising statistics. In the last 6 to 9 months, wholesale prices on the global market have in fact been falling in step with the prices for gold, silver and other tradable precious metals. That wouldn’t make any sense except when we understand how economists and accountants in the BRICS countries and some of their partners are reckoning the trade deals.
As these BRICS countries prepare for their transition out of the US dollar based system for international trade and finance and into the alternative system planned and promoted by BRICS, they are already starting to do their debit and credit accounting and especially their long term economic planning in terms of a new gold and silver based international currency. To cut a long story short they are already calculating and predicting their trade balances in terms of the true, future market-determined prices of gold and silver as they will be in a year or two when the US dollar is ditched as reserve currency, not as they are published today in grossly manipulated, under-valued commodities because of the fraudulent paper gold and silver racket going on in London and New York. And because the Mega Farmers Cooperatives and Trade Corporations in these BRICS countries are being coached into converting cash balances into gold and silver bullion as fast as they can without unduly depressing the prices, they don’t care if all the everyday commodities like wheat, sugar, meat, petrol and chocolate, even oil and gas are likewise priced and sold in decreasing US dollar digits. As long as they all quickly convert their traded earnings from whatever currency they accept into US dollars and immediately buy gold and silver bullion from London and New York, the apparently decreasing food and energy prices don’t mean much. It just means that more and more countries are by-passing the US dollar in trade and accounting. It also means that for now the man in the street is still able to pay the same price for food and energy as in the past.
Soon the alternative international trade and finance system will eclipse the US dominated system and then precious metals and hard assets like property or energy reserves will be needed to back credit notes. Then all the fraud and corruption in the Western Central Banking system will be exposed and ended. Then the relatively wealthy middle classes of the Western nations will be impoverished. Then the relative superior wealth and power of the East will be revealed. The only thing that can stop this transfer of wealth is another world war in which winner takes all. So it’s not conspiracy theory to suggest that the US will soon escalate wars and revolutions as a way of sabotaging the alternative international trade and finance system. .
