Liberal Forum

Sumela » 20 Feb 2024, 12:41 pm » wrote: ↑

20 Feb 2024, 12:41 pm

Yikes.  BRICS is becoming a COMMODITIES POWER HOUSE.   Murica is becoming a *** POWER HOUSE.  

Venezuela - the #1 in oil reserves. 18% of all oil.  Soon to be assisted by Russia and China.  

Soon, 7 of the top 10 oil producing countries will be BRICS COUNTRIES. 
67% of oil production.

And 6 of the top 10 natural gas countries will also be BRICS COUNTRIES. 
59% of NG production.

https://www.rt.com/news/592766-venezuel ... rics-soon/

ConservativeWave » 20 Feb 2024, 7:27 pm » wrote: ↑

20 Feb 2024, 7:27 pm

From what I'm hearing China's economy is in a free fall right now... Real Estate and the Stock Market are IMPLODING... People, Money, and Businesses are the LEAVING CHINA at break neck speed... and even the Chinese PEOPLE are starting to get fed up with Xi, and are PI$$ED off !!  NOT to mention the FACT that Russia probably isn't doing much better... With China, Europe, and now Britain in recession... it's HARD to see who will be buying oil from Russia !

As far as BRICS goes... the Dollar isn't going away... the BRICS countries want another currency that they can buy oil with... ok, FAIR ENOUGH... It REALLY shouldn't impact America that much... NO other currency in the world has the debt markets, and the monetary infrastructure that the dollar does... and BRICS CERTAINLY does NOT !!  IF the worst happens, it maybe to FORCES the U.S.A. to STOP running $33 Trillion deficits... BUT THEN, China and MOST of the rest of the world are in WORSE shape than the U.S.A... AND, IF the dollar should run into problems... America and the west have enough gold to provide a backstop, INFLATE the price of gold to WHATEVER level is required, and maybe BACK a "Euro-Dollar" with GOLD... and we move forward !

SOME people might get hurt.. but It won't be the end of the world... HOWEVER, People in America are now TALKING about getting the debt under control... and IF we throw the Democrats OUT of OFFICE, and most of the RINO's also... THEN we have a CHANCE to do it !!  WE were in a similar place in the mid 1990's... it took a Republican House and Senate, Newr Gingrich, and a President who was willing to do what was necessary (Clinton was FORCED into it)... and it took about 8 years... BUT, we DID it... UNTIL we started spending like drunken sailors again !