Bitcoinia (Bitcoin Art) on Nostr: Interesting info on BRICS new Currency white paper. Not that it is a replacement for ...
Interesting info on BRICS new Currency white paper. Not that it is a replacement for BTC or anything but interesting to see what they are up to. Its somewhat decentralized (not like BTC) compared to existing USD, is backed by a basket of commodities including Gold (we know how this ends) and each country holds its own amount of these commodities and these are not stored in one place, is run on a decentralized ledger where each sovereign acts as a node.
A BRICS currency might be important milestone to know about as it offers a competitor to US Govt Bonds and would slowly defund the US Govt and empire. Once more sovereign Govts see US Govt Bonds as a bad buy a BRICS currency may be somthing they opt for instead.
Demand for US Govt Bonds are decreasing due to US Govt doing stupid shite like deleting Russian USD Govt Bonds and stealing Venezulean Gold (via Bank of England) on top of creating so much debt that they can't be considered able to pay it back in the future.
US Govt Debt grows as 3.5% of GDP and GDP itself grows at 3% meaning slowly but surely the debt will become a larger and larger part of where GDP goes to. They will then issue more debt to pay for this worsening the problem creating a debt spiral of epic proportions.
Buy Bitcoin
https://www.youtube.com/watch?v=mignVMGTEvo
#bitcoin #btc #macro #gold #brics #plebchain
A BRICS currency might be important milestone to know about as it offers a competitor to US Govt Bonds and would slowly defund the US Govt and empire. Once more sovereign Govts see US Govt Bonds as a bad buy a BRICS currency may be somthing they opt for instead.
Demand for US Govt Bonds are decreasing due to US Govt doing stupid shite like deleting Russian USD Govt Bonds and stealing Venezulean Gold (via Bank of England) on top of creating so much debt that they can't be considered able to pay it back in the future.
US Govt Debt grows as 3.5% of GDP and GDP itself grows at 3% meaning slowly but surely the debt will become a larger and larger part of where GDP goes to. They will then issue more debt to pay for this worsening the problem creating a debt spiral of epic proportions.
Buy Bitcoin
https://www.youtube.com/watch?v=mignVMGTEvo
#bitcoin #btc #macro #gold #brics #plebchain