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(https://www.mining.com/wp-content/uploads/2023/12/gold-price-hits-all-time-high-dec-1-2023-2087.jpg)
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(https://cms.zerohedge.com/s3/files/inline-images/gold%20record.jpg?itok=AcGOmC8Y)
(https://cms.zerohedge.com/s3/files/inline-images/bfm32EE.jpg?itok=oDDlVTPy)
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Gold chart 2000-2024
(https://us.v-cdn.net/6027503/uploads/editor/66/o34ee59axx91.jpg)
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(https://caribbeannewsglobal.com/wp-content/uploads/2023/11/oecd_prj-2025.jpg)
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Fiat vs. gold
WCU = basket of the fiat currencies of the 20 major economies in the world
10 years chart
(https://s43022.pcdn.co/wp-content/uploads/2024/01/King-World-News-Gra-I-1112024-1024x544.jpg)
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(https://www.visualcapitalist.com/wp-content/uploads/2024/02/GDP-Growth-Forecasts-in-2024_02062024.jpeg)
Asia winning, I would say
India big winner
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The World's Largest Consumer Markets In 2030
(https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/ConsumerMarkets_Site.jpg?itok=8-5qImrZ)
zerohedge.com (https://www.zerohedge.com/personal-finance/these-are-expected-be-worlds-largest-consumer-markets-2030)
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Which Country Owns The Most Vehicles Per Capita?
(https://www.visualcapitalist.com/wp-content/uploads/2024/02/Vehicles-Per-1000-People_02162024.jpeg)
visualcapitalist.com (https://www.visualcapitalist.com/vehicles-per-capita-by-country/)
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I'm not sure why this thread has no replies from other members. Probably because you just post data and graphs without commenting. In my case I think having a small percentage of physical gold is advisable for diversified portfolios, I don't think I'm de-dollarising anything. What you can buy with gold has risen a lot over the years not so much because of the appreciation of gold as because of the devaluation of the dollar, and with paper gold it is easier to manipulate the price so that it does not rise so much. But bitcoin, which is basically digital gold, has increased its purchasing power much more in proportion.
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just found this
quite interesting I think
(https://www.birchgold.com/wp-content/uploads/9-types-of-scams_800.jpg)
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(https://pbs.twimg.com/media/GHGC8oPXsAAaC2j?format=jpg&name=medium)
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China Tops Global Diplomacy Index
China has the most diplomatic posts abroad out of any country in the world, according to the Lowy Institute’s 2024 Global Diplomacy Index, published Sunday. Close on its heels comes rival global superpower, the United States.
As the following chart shows, China and the U.S. are the world heavyweights when it comes to diplomatic efforts, with a total of 274 and 271 posts abroad, respectively.
China overtook the U.S. as the world’s leading diplomatic nation back in 2019 and has maintained the position ever since.
According to the institute, Beijing has a higher number of diplomatic postings than Washington in Africa, East Asia and the Pacific, as well as Central Asia, following the U.S. withdrawal from Afghanistan.
Meanwhile, the U.S. is ahead diplomatically in Europe, North and Central America and South Asia.
Both nations are now matched for posts in the Middle East and South America.
A number of so-called middle powers are also strengthening their networks though.
Türkiye rose to rank three this year (up from rank 5 in 2023), while India is now in position 11 (up from rank 12 in 2023). These two countries have the fastest growing networks of the Index. Of India’s 11 new posts since 2021, eight of them have been in Africa.
(https://cdn.statcdn.com/Infographic/images/normal/20138.jpeg)
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'A Rocky Road To De-Dollarization' - Pepe Escobar Interviews Sergei Glazyev
Sergei Glazyev, the Minister for Integration and Macroeconomics of the Eurasia Economic Commission (EEC), the policy arm of the Eurasia Economic Union (EAEU)
"The idea of the currency is that there are two baskets: one basket is national currencies of all countries involved in the process, like the SDR, but with more clear, understandable criteria. The second basket are commodities.
If you have two baskets, and we create the new currency as an index of commodities and national currencies, and we have a mechanism for reserves, according to the mathematical model that will be very stable. Stable and convenient.”
Then it’s up to feasibility: “To introduce this currency as an instrument for transactions would not be too difficult. With good infrastructure, and all Central Banks approving it, then it’s up to businesses to use this currency. It should be in digital form – which means it can be used without the banking system, so it will be at least ten times cheaper than present transactions through banks and currency exchanges.”
zerohedge.com (https://www.zerohedge.com/geopolitical/rocky-road-de-dollarization-pepe-escobar-interviews-sergei-glazyev)
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Asia's rise is very clear in the charts... Global reserve currencies have changed throughout history. Whoever has been strong has deserved to be the reserve currency. We think we are building better civilizations every year, but the law of the jungle still works... :) It is clear that the US has become less influential in North Africa and West Asia than it used to be. In other words, they are no longer strong enough to make the money they print valuable to minimize the destruction caused by the COVID-19 virus. If this situation continues, the global reserve money will change hands one day, but I have no prediction on the timing, and if that happens, gold may be an intermediate transitional stop.
In fact, I think the history books will associate this collapse with the 2008 mortgage crisis and make references to that period. Undoubtedly difficult times will await us, undoubtedly it will be a painful process, but I would always prefer to live in these days than to witness World War II.
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Asia's rise is very clear in the charts...
Amen! :D
(https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/Confidence_in_Global_Economy_202.jpg?itok=IyAqdTdL)
Go Indonesia!
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(https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/PopGrowth_Site.jpg?itok=y0H47nBD)
visualcapitalist.com (https://www.visualcapitalist.com/mapped-population-growth-by-region-1900-2050f/)
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Asia's rise is very clear in the charts...
Amen! :D
(https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/Confidence_in_Global_Economy_202.jpg?itok=IyAqdTdL)
Go Indonesia!
I'm surprised that Philippines is still up there. If this is true, the Government's PR team must be doing a good job ;D I'm not putting my own country down but seeing how it's becoming heavily influenced by the US (once again) to the point that it's considered as an American colony, I'd expect lesser interest and confidence. Add to that the increasing threat to security due to the resurgence of drugs and terrorist activities.
Anyway, yeah, Go Asia. It's your time.
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I'm surprised that Philippines is still up there. If this is true, the Government's PR team must be doing a good job ;D I'm not putting my own country down but seeing how it's becoming heavily influenced by the US (once again) to the point that it's considered as an American colony, I'd expect lesser interest and confidence. Add to that the increasing threat to security due to the resurgence of drugs and terrorist activities.
Anyway, yeah, Go Asia. It's your time.
Frankly surprised by the information that "the Philippines is an American colony". I must have missed something. Please can you give more information on the following questions:
1. what is the generally accepted description of "colony" (as applied to this situation) ?
2. Can you provide arguments and facts that support the assumption "the Philippines is an American colony" ?
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Yes, I know... I tend to post graphics that don't refer very much to the subject of this thread... It's just that I like them and there is no better place on the forum :D Anyway, let's feed today this thread with something that belongs to his title!
Escobar: Will BRICS Launch A New World Order In 2024?
And that brings us to the key geoeconomics dossier: the BRICS at the forefront of bypassing the US dollar in international finance.
Last week, top Kremlin adviser Yury Ushakov announced that BRICS will work towards setting up an independent payment system based on digital currencies and blockchain.
No single currency for the foreseeable future
Ryabkov added more crucial elements to the debate, saying this week that the BRICS are not debating the implementation of a single currency:
"As for a single currency, similar to what was created by the European Union, this is hardly possible in the foreseeable future. If we are talking about clearing forms of mutual settlements such as the ECU [European Currency Unit] at an early stage of development of the European Union, in the absence of a real means of payment, but the opportunity to more effectively use the available resources of the countries in mutual settlements to avoid losses due to differences in exchange rates, and so on, then this is precisely the path along which, in my opinion, BRICS should move. This is under consideration."
The key takeaway, per Ryabkov, is that the BRICS should not create a financial and monetary alliance; they should create payment and settlement systems that do not depend upon the shifty "rules-based international order."
zerohedge.com (https://www.zerohedge.com/geopolitical/escobar-will-brics-launch-new-world-order-2024)
So, it will be a blockchain based currency - probably some sort of stablecoin - but it will be used only as a means of settlement for International trade. This BRIC currency isn't designed to replace national currencies - like the Euro did in Europe.
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(https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/PopGrowth_Site.jpg?itok=y0H47nBD)
visualcapitalist.com (https://www.visualcapitalist.com/mapped-population-growth-by-region-1900-2050f/)
It is not at all clear to me that this is going to happen, since in Spain a long time ago it was predicted that the population would fall due to the low birth rate of the native population, and yet the population continues to grow due to immigration and the birth rate of the immigrant population. The 2.5B inhabitants that Africa is supposed to have are going to stay there and not come to Europe? Because many of them are coming nowadays.
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(https://pbs.twimg.com/media/GJTDCZtWMAAHIp_?format=jpg&name=large)
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Asia's rise is very clear in the charts...
Amen! :D
(https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/Confidence_in_Global_Economy_202.jpg?itok=IyAqdTdL)
Go Indonesia!
I was surprised to see my country being on the fourth spot on that list. I thought we are still behind with our closest neighbors but based on that chart we are doing great in there so I think this just the beginning and I do hope that it will keep on climbing to see a more stronger economy despite facing some external and internal conflicts. Mabuhay!
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I was surprised to see my country being on the fourth spot on that list. I thought we are still behind with our closest neighbors but based on that chart we are doing great in there so I think this just the beginning and I do hope that it will keep on climbing to see a more stronger economy despite facing some external and internal conflicts. Mabuhay!
As I understand it, this is a survey asking people how they see the future of the their country,
so your countrymen seem to be very optimistic about the future.
This spirit is very important imo, because without optimism it's very difficult to build something...
Go Pilipinas! :D
Today's picture is about ...The World's Top 50 Largest Banks By Consolidated Assets
(https://cms.zerohedge.com/s3/files/inline-images/50-Largest-Banks-2024_03-2.jpg?itok=Q_-Sxwli)
... no Pilipinas there... :D
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De-dollarization
Goldization :D
(https://www.crescat.net/wp-content/uploads/Picture1-64-2048x1566.png)
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I'm not sure why this thread has no replies from other members. Probably because you just post data and graphs without commenting. In my case I think having a small percentage of physical gold is advisable for diversified portfolios, I don't think I'm de-dollarising anything. What you can buy with gold has risen a lot over the years not so much because of the appreciation of gold as because of the devaluation of the dollar, and with paper gold it is easier to manipulate the price so that it does not rise so much. But bitcoin, which is basically digital gold, has increased its purchasing power much more in proportion.
Yes, I totally agree with your point.
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(https://pbs.twimg.com/media/GJms1N8WIAAtZVf?format=png&name=900x900)
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Digital (De)Dollarization?
Nation States Target Dollar Diversification
Despite the U.S. contributing approximately 25% to global GDP, the U.S. dollar currently makes up nearly 60% of global foreign exchange reserves, a significant lead over its closest competitor, the euro. However, this dominance is being increasingly scrutinized. Recent U.S. monetary policies, combined with the strategic use of economic sanctions, have prompted some nations to consider alternatives to the greenback.
In parallel, the European Union is actively working to bolster the euro’s role in international trade, aiming to provide a viable alternative to the dollar, especially in energy transactions and other key commodities. This effort is part of a broader strategy to enhance the euro’s global standing, which could further diversify currency dependencies in international markets.
Moreover, China is advancing the yuan in international trade, particularly through its Cross-Border Interbank Payment System (CIPS), challenging the dollar-centric Clearing House Interbank Payments System (CHIPS). This initiative has seen success, with a notable increase in the yuan’s share in global FX turnover and its use in commodity trade settlements, however global foreign exchange reserve balances of yuan remain small around 2.5% at time of publishing.
Inter-governmental organizations such as BRICS (comprising Brazil, Russia, India, China and South Africa), the Association of Southeast Asian Nations (ASEAN), the Shanghai Cooperation Organization (SCO), and the Eurasian Economic Union, which collectively represent a significant portion of global GDP, are also expressing interest in using local currencies for trade invoicing and settlements. Some members have shown a willingness to trade in yuan, further indicating a shift in global currency dynamics.
Structural reforms and new settlement systems are essential for currencies like the yuan and euro to challenge the global dominance of the dollar. However, a clear shift towards reducing dollar-dependency is evident, simultaneously fueling interest in digital currencies such as Bitcoin, stablecoins, and CBDCs.
morganstanley.com (https://www.morganstanley.com/im/en-us/financial-advisor/insights/articles/digital-dedollarization.html#:~:text=As%20CBDCs%20become%20more%20widely,currencies%20such%20as%20the%20dollar.)
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A poll conducted by the Institute of Southeast Asian Studies found that 50.5 percent of respondents in the ten ASEAN member countries would choose the Asian power in 2024, while 49.5 percent would pick the United States.
This has changed from 38.9 percent and 61.1 percent, respectively, just one year ago.
(https://cdn.statcdn.com/Infographic/images/normal/32058.jpeg)
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(https://cdn.statcdn.com/Infographic/images/normal/30225.jpeg)
According to Forbes’ Real-Time Billionaires List, as of April 2, Mukesh Ambani (66) is the richest man in Asia, with a net worth of $116.1 billion. Ambani is the chairman of Reliance Industries Limited, a conglomerate that focuses not only on petrochemicals, but also textiles and telecommunications.
He ranks 11th on Forbes’ worldwide list, which is headed by Bernard Arnault & family (LVMH) with $221.8 billion, Jeff Bezos (Amazon) with $197.5 billion and Elon Musk (Tesla, SpaceX, X formerly Twitter) with $189.0 billion.
In second place - and some 32.8 billion dollars behind - comes 61-year-old Gautam Adani who is the chairperson of the Adani Group, a conglomerate that deals with businesses exporting and importing raw materials and finished goods, including coal trading, mining, oil and gas exploration, as well as ports, energy and agricultural commodities.
He is succeeded by Zhong Shanshan (69), with a net worth of $64.5 billion. Shanshan is the founder of beverages company Nongfu Spring as well as the founder of Beijing Wantai Biological Pharmacy Enterprise, a private Chinese company and major supplier of Covid-19 testing kits.
zerohedge.com (https://www.zerohedge.com/personal-finance/these-are-asias-richest-billionaires)
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(https://i.ibb.co/z7BWDFK/1.png)
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A poll conducted by the Institute of Southeast Asian Studies found that 50.5 percent of respondents in the ten ASEAN member countries would choose the Asian power in 2024, while 49.5 percent would pick the United States.
This has changed from 38.9 percent and 61.1 percent, respectively, just one year ago.
.....
I looked at the data, decided to double-check. It's just some weird "arithmetic"... Please check in Excel by calculating the given data using the "average" formula. I get, to put it mildly, a different picture ... Where is the problem?
(https://i.postimg.cc/8k0FgQ92/2024-04-15-20-26-00-1-Excel-Preview.png) (https://postimages.org/)
Somehow now I have doubts about the data from Statista ...
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....
And here the picture is not very revealing, well, except that the value of gold is rising, as in an asset that is still considered a "safe haven". Yes, the price is rising in the historical period, which itself reflects two key processes:
- demand growth -> buying growth
- inflationary processes in countries.
Now let's look at these 2 processes:
1. Demand growth The process is caused by 1 factor - active purchase of gold on the world market. And a subtle but important clarification - since 2018/2019 gold has become extremely actively purchased very actively, and 2019 became a "champion" in terms of volumes of purchased gold. And this trend was set by one country..... And that is Russia. Let's think about why Russia suddenly suddenly started buying gold on the world market! Let's not waste time, everything is very simple - an attempt to protect themselves from sanctions, which began to have a very negative impact on the country's economy.
The second major buyer, in the same period became.... China! I think it is not necessary to discuss the reasons, as they are identical :)
I think you will notice another global price increase during this period. Information about this "unexpectedly favorite gold couple" can be easily found in open sources. For example https://www.bloomberg.com/news/articles/2019-05-02/central-bank-first-quarter-gold-buying-at-highest-since-2013.
2. inflation. A "natural" process for many economies of the world. And in the US, and in China, and in Russia and many others....
Let's look at how inflation affects the price of gold in other currencies. Let's take the U.S., and "a couple" - China, Russia, as the most active buyers of gold.
Source: https://goldbroker.com/charts/gold-price/usd#historical-chart
Period - last 10 years (let's see the real picture)
(https://i.postimg.cc/4NvPXRhx/2024-04-15-20-59-19-Gold-Price-in-US-Dollar-USD-Live-Price-and-Historical-Chart-Gold-Broker-com.png) (https://postimages.org/)
(https://i.postimg.cc/Hs13GknN/2024-04-15-21-00-13-Gold-Price-in-Chinese-Yuan-CNY-Live-Price-and-Historical-Chart-Gold-Broker.png) (https://postimages.org/)
(https://i.postimg.cc/g2YDJtvq/2024-04-15-21-00-58-Gold-Price-in-Russian-Ruble-RUB-Live-Price-and-Historical-Chart-Gold-Broker.png) (https://postimages.org/)
PS Especially "strong impression" is made by the country which has 40% of the world's natural resources, the largest producer of gold, the largest player in the oil/gas world market.
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I looked at the data, decided to double-check. It's just some weird "arithmetic"... Please check in Excel by calculating the given data using the "average" formula. I get, to put it mildly, a different picture ... Where is the problem?
(https://i.postimg.cc/8k0FgQ92/2024-04-15-20-26-00-1-Excel-Preview.png) (https://postimages.org/)
Somehow now I have doubts about the data from Statista ...
I think the author, Katharina Buchholz, has considered the different population of those countries.
For example, given that Philippines 120 millions people and Indonesia 280 millions...
...maybe the survey didn't ask 100 Philipinos and 100 Indonesians, but 40-50 Filipinos and 100 Indonesians
...or they asked 100 Filipinos and 100 Indonesians but at in the final numbers (those in the graphic) they weighed the answers from Indonesia double compared to those from the Philippines
A good question for
Katharina Buchholz
Data Journalist
[email protected]
https://www.statista.com/chart/32058/preference-for-us-china-as-ally-among-asean-countries/
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(https://pbs.twimg.com/media/GLSreJfXUAAOjTk?format=png&name=900x900)
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I looked at the data, decided to double-check. It's just some weird "arithmetic"... Please check in Excel by calculating the given data using the "average" formula. I get, to put it mildly, a different picture ... Where is the problem?
(https://i.postimg.cc/8k0FgQ92/2024-04-15-20-26-00-1-Excel-Preview.png) (https://postimages.org/)
Somehow now I have doubts about the data from Statista ...
I think the author, Katharina Buchholz, has considered the different population of those countries.
For example, given that Philippines 120 millions people and Indonesia 280 millions...
...maybe the survey didn't ask 100 Philipinos and 100 Indonesians, but 40-50 Filipinos and 100 Indonesians
...or they asked 100 Filipinos and 100 Indonesians but at in the final numbers (those in the graphic) they weighed the answers from Indonesia double compared to those from the Philippines
A good question for
Katharina Buchholz
Data Journalist
[email protected]
https://www.statista.com/chart/32058/preference-for-us-china-as-ally-among-asean-countries/
I was honestly thinking the same thing. But no. I'll tell you why. The first explanation is purely arithmetic. The sum of the population in the block "for China" - about 388 million, "for the U.S." - 290. Total - no matter how you twist the numbers - the result indicated in the "analyte" does not work out. And let's be honest - to speak for all people is probably very wrong, you will not claim that 580 million respondents were surveyed !???
The second and simpler explanation: not a very successful attempt at manipulation. This is from personal long experience of reading different sources of information. What I wrote earlier on "discrepancy of statements in statistics and reality" - this is not a complaint to you, it is just informing you that the source of information, to put it mildly.... is a liar, whether intentionally or not is a good question :)
Very often, journalists write to convey what they need to convey, and at the same time they do not squander such "tricks" with figures and with presenting information in a "favorable way". Therefore, I try to check all the data that cause doubts or may distort reality. Nothing personal, just issues of "information hygiene" :)
PS I always recommend to check those materials that you do not like (contradict your opinion), as well as those that fully coincide with your point of view - believe me, "life will play with other colors" :).
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(https://cdn.statcdn.com/Infographic/images/normal/32027.jpeg)
Norway producing almost all electricity from water.
Impressive
Vietnam producing 40% from water!
Does Vietnam have big rivers?
Who knew
-
I looked at the data, decided to double-check. It's just some weird "arithmetic"... Please check in Excel by calculating the given data using the "average" formula. I get, to put it mildly, a different picture ... Where is the problem?
(https://i.postimg.cc/8k0FgQ92/2024-04-15-20-26-00-1-Excel-Preview.png) (https://postimages.org/)
Somehow now I have doubts about the data from Statista ...
I think the author, Katharina Buchholz, has considered the different population of those countries.
For example, given that Philippines 120 millions people and Indonesia 280 millions...
...maybe the survey didn't ask 100 Philipinos and 100 Indonesians, but 40-50 Filipinos and 100 Indonesians
...or they asked 100 Filipinos and 100 Indonesians but at in the final numbers (those in the graphic) they weighed the answers from Indonesia double compared to those from the Philippines
A good question for
Katharina Buchholz
Data Journalist
[email protected]
https://www.statista.com/chart/32058/preference-for-us-china-as-ally-among-asean-countries/
I was honestly thinking the same thing. But no. I'll tell you why. The first explanation is purely arithmetic. The sum of the population in the block "for China" - about 388 million, "for the U.S." - 290. Total - no matter how you twist the numbers - the result indicated in the "analyte" does not work out. And let's be honest - to speak for all people is probably very wrong, you will not claim that 580 million respondents were surveyed !???
The second and simpler explanation: not a very successful attempt at manipulation. This is from personal long experience of reading different sources of information. What I wrote earlier on "discrepancy of statements in statistics and reality" - this is not a complaint to you, it is just informing you that the source of information, to put it mildly.... is a liar, whether intentionally or not is a good question :)
Very often, journalists write to convey what they need to convey, and at the same time they do not squander such "tricks" with figures and with presenting information in a "favorable way". Therefore, I try to check all the data that cause doubts or may distort reality. Nothing personal, just issues of "information hygiene" :)
PS I always recommend to check those materials that you do not like (contradict your opinion), as well as those that fully coincide with your point of view - believe me, "life will play with other colors" :).
Statista has nothing to do with the numbers
If you had followed the link that I posted you had found the original source
https://www.iseas.edu.sg/wp-content/uploads/2024/03/The-State-of-SEA-2024.pdf (https://www.iseas.edu.sg/wp-content/uploads/2024/03/The-State-of-SEA-2024.pdf)
If you have a problem with the numbers you should go after the authors of the survey, not after Statista
The State of Southeast Asia 2024 Survey Report
is published by the ASEAN Studies Centre at ISEAS - Yusof Ishak Institute
If you have any comments or enquiries about the survey, please email us at [email protected]
Joanne Lin
Melinda Martinus
Kristina Fong
Indira Aridati
Pham Thi Phuong Thao
Damon Chee
The authors are researchers at the ASEAN Studies Centre, ISEAS – Yusof Ishak Institute.
30 Heng Mui Keng Terrace, Singapore
(https://i.ibb.co/h9R3F4h/Asean-1.png) ..................................... (https://i.ibb.co/dL7zVZV/Asean-2.png)
In my previous reply I suggested to contact the author of the article
Katharina Buchholz
Data Journalist
[email protected]
You didn't
I did
Mrs Buchholz is not very happy about your allegations
Better to ask people directly before questioning in public their professionality
If I were you I'd briefly apologise to her,
do it here, she's watching
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....
Statista has nothing to do with the numbers
If you had followed the link that I posted you had found the original source
...
If you have a problem with the numbers you should go after the authors of the survey, not after Statista
The State of Southeast Asia 2024 Survey Report
is published by the ASEAN Studies Centre at ISEAS - Yusof Ishak Institute
If you have any comments or enquiries about the survey, please email us at [email protected]
Joanne Lin
Melinda Martinus
Kristina Fong
Indira Aridati
Pham Thi Phuong Thao
Damon Chee
The authors are researchers at the ASEAN Studies Centre, ISEAS – Yusof Ishak Institute.
30 Heng Mui Keng Terrace, Singapore
....
In my previous reply I suggested to contact the author of the article
Katharina Buchholz
Data Journalist
[email protected]
You didn't
I did
Mrs Buchholz is not very happy about your allegations
Better to ask people directly before questioning in public their professionality
If I were you I'd briefly apologise to her,
do it here, she's watching
We have an interesting situation :)
Someone does "research" and passes it off as the result of his professional activity. However, he makes mistakes accidentally or deliberately. Another source publishes this data. You stumble upon it, and cite the information here, trusting the professionalism of these people.
I check a couple dozen numbers from these studies, find inconsistencies, voice them, trying to get an opinion as to why such discrepancies, and ARITHMATICALLY, and .... Bingo - I must apologize to the author of the research ! :)
This seems nonsense to me :)
If the author of the research reads the correspondence, it would be very IMPORTANT for him, in terms of reputational benefits, to show why I am NOT RIGHT, where I am WRONG, if of course I am wrong ! Makes sense, doesn't it ? But the absence of such an answer from the author of the research - would not look good ... Do you agree ? Or am I wrong ? As always, I'd love to hear your opinion and arguments ! :)
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BRICS - The Project Of The Century
Membership doubled as of January 1
Since January 1, Saudi Arabia, Iran, the United Arab Emirates, Egypt and Ethiopia have joined the existing members (Brazil, Russia, India, China and South Africa) as new members.
(https://cms.zerohedge.com/s3/files/inline-images/Brics023.jpg?itok=hBqwkmYl)
(https://cms.zerohedge.com/s3/files/inline-images/BRICS-91a-chart-EN.jpg?itok=Wr8SA3OK)
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De-dollarization...
(https://i.ibb.co/D54C13K/1.png)
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What The Rising Gold Price Signals (Spoiler Alert: Nothing Good)
While commentators have focused on gold’s spectacular price rise, there is an underlying issue that is also taking place. The record setting gold price is signaling that the present fiat monetary order, which is based on the dollar as the world’s reserve currency, is coming to a financially unpleasant end.
Ever since 1971, when the Nixon Administration closed the “gold window,” refusing to redeem gold for dollars held by foreign central banks, the world has been on a “dollar standard” where bank reserves are held in Greenbacks.
If the Fed continues to print dollars to sustain government spending at this rate, the dollar will continue to lose purchasing power and foreigners will no longer want to hold them. Foreign central banks will then turn to gold. In fact, central banks are already increasing their positions in gold which has been a catalyst that has fueled the latest rally.
Not surprisingly, the Fed has not purchased much gold (or is not admitting publicly that it has) since it would be a bad look for the issuer of the world’s reserve currency to be abandoning its own currency for gold.
Besides the severe financial implications if the dollar is dethroned, there will be dramatic geopolitical repercussions from the loss of its hegemony. Just like the British pound was replaced as the dominant world currency after England insanely exhausted itself in fighting WWII and ending its empire, America will face a similar future when the dollar becomes just another money. Many will see it as a “blessing” if and when the U.S. Empire comes to an end.
While it would appear logical and morally sound to replace the present crumbling monetary order with one based on gold and silver, a far worse paradigm than even the present one is, no doubt, being planned.
The new system will be one of central bank digital currency (CBDC) which would give governments and bankers the power to monitor and control all aspects of economic and social life.
zerohedge.com (https://www.zerohedge.com/markets/what-rising-gold-price-signals-spoiler-alert-nothing-good)
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De-dollarization...
(https://i.ibb.co/D54C13K/1.png)
It certainly looks positive in the pictures, but.... Reality is quite different :)
China and dedollarization is a fake. The Chinese economy cannot exist without a freely convertible currency, and without the ability to buy for dollars and euros on the Western market.
It is enough to search for information on keywords "China does not accept payments from Russia in yuan, fearing secondary sanctions" as we will find out that China refused to accept yuan from its raw materials appendage russia, which tried to circumvent sanctions. It failed. Because the Chinese economy and financial system (leading and not dependent, eh ? :) ) is VERY afraid of the US sanctions, which will send China's already very sick economy into a "steep dive", from which it will never get out.
PS Learn how beautifully the Chinese "brothers" killed the Russian car industry in less than 1 year and now command the market, having gained a monopoly influence on the Russian car market.... This is an example of "friendly help from China" - something I have long warned the gullible supporters of "friendship with China" about. It is China, not the West, that is destroying their economy, financial system, resources, turning them into its appendages....
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The new system will be one of central bank digital currency (CBDC) which would give governments and bankers the power to monitor and control all aspects of economic and social life.
The "beautiful" outcome of dedollarization ! I'm sure all the "fighters against the dollar" will be very happy. Especially:
- total control of ANY of their transactions, their savings, their transactions.
- the ability to "in one" click block not only all their funds but also any payments from or to them.
- cross-chain implementation, will allow you to track, monitor and control government and central banks, all their transactions and wallets, even outside your CBDC !
Reminds me a bit of the historical example of China's fight against sparrows. China has decided to do some kind of de-sparrowization :) And they were so happy about it, they dreamed of stealing rice from the fields, and if we destroy it, we will live happily ever after. They did. More precisely, they destroyed sparrows for a long time and with the whole country. Exterminated. But the next harvest .... no, it didn't go up. it's almost completely gone! Why? Because the sparrows were stealing rice, but they were also killing pests. The "wise government of China and the people" decided not to think too much and just destroy... It's basically "shooting yourself in the knee". as well as going to the CBDC, through the destruction of the established financial system....
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Gold in USD (yellow)
Gold in fiat currencies basket (blue)
(https://i.ibb.co/ZXHbXRh/2.png)
That's why they call it Store of Value
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Gold, as a commodity, does have a predisposition to rise in price. But the nuance is that it is the price of the commodity, not the unit of valuation of other commodities.
Although we are now seeing a downward trend, in the 2024 timeframe, a rising price is more likely than a falling price (although no options are impossible).
Rising global tensions are pushing many countries to seek some financial safe haven. And if the attitude to cryptocurrency, at the level of governments, is still specific, everyone remembers gold as the oldest option for "preserving value". Another couple of indicators that can negatively affect the global economy - is the fall in the value of the dollar and the change in the discount rate. We are watching this, but it seems to be assumed that there should be no problems to push gold up even more.
But there is another interesting scenario - stagnation and problems in the Chinese economy, the outflow of Western capital and investors, and the worsening crisis inside the Chinese economy, which is beginning to experience a strong currency famine, may lead to the fact that China will be forced to start selling off its gold savings, because the yuan is not much in demand, and for example, payments to Russia in yuan, China has blocked, fearing further pressure and sanctions from the U.S., on whose money and technology the Chinese economy depends a little more than heavily.
Following China, Russia, whose economy is not yet dead, but is already convulsing, may start a massive sell-off.
At the same time, it should be remembered that these two countries have raised the price of gold since 2022, buying it in anticipation of Western sanctions, after Russia unleashed a terrorist war in Ukraine, and its tacit support from China. And as it turned out, expectations of "stability and independence" of the Russian economy were greatly exaggerated. Russia has lost the European gas market (sales have fallen to the level of the 1970s), and the oil market, although it still works, brings in less than 50% of past revenues. The "military" economy and problems at the front are burning up all revenues and reserves at a breakneck speed. So we have to sell something that is not yet banned or under sanctions. Revenues from oil, gas, uranium, diamonds, armaments, and many other previously major resources for export have been lost. That leaves gold. Therefore, there is a very high probability that gold will be dumped on the world market. How this will happen - directly from Russia or through its proxies and other rogue helpers who still have access to the world gold market - is not clear, but we can expect it with a high probability.
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(https://cms.zerohedge.com/s3/files/inline-images/Top-Growing-Emerging-Markets_web.jpg?itok=cNNngFmP)
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(https://cms.zerohedge.com/s3/files/inline-images/Top-Growing-Emerging-Markets_web.jpg?itok=cNNngFmP)
I was surprised with Guyana's percentage growth and of course it's huge deposit of oil reserves. Lucky for them they are rich in natural resources that might push it's economy up. I just don't know when will be fossil fuels become obsolete because of renewable energy.
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I was surprised with Guyana's percentage growth and of course it's huge deposit of oil reserves. Lucky for them they are rich in natural resources that might push it's economy up.
So many countries rich in natural resources... but still underdeveloped with poor population...
Unfortunately having natural resources is no guarantee for economic improvement...
Today's graphic is about China's increasing funds lending role
"China has provided developing countries with over $1 trillion in committed funding through its Belt and Road Initiative (BRI), a massive economic development project aimed at enhancing trade between China and countries across Asia, Africa, and Europe."
(https://cms.zerohedge.com/s3/files/inline-images/Countries_Indebted_to_China_Web.jpg?itok=Qn8zpNJd)
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(https://cms.zerohedge.com/s3/files/inline-images/Top-Growing-Emerging-Markets_web.jpg?itok=cNNngFmP)
I was surprised with Guyana's percentage growth and of course it's huge deposit of oil reserves. Lucky for them they are rich in natural resources that might push it's economy up. I just don't know when will be fossil fuels become obsolete because of renewable energy.
When oil is discovered it will make them gain enormous wealth, they will probably be like the people of Arabia, they used to be poor people with extraordinary droughts, but for now they have become a very rich country and everything can be bought easily. Hopefully Guyana's prosperity will increase and have a good impact on the surrounding countries.
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(https://i.ibb.co/7YV1n1m/1.png)
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The BRICS countries account for 26% of the Earth's territory, 42% of the world's population (2.83 billion people), 27% of the world's GDP (gross national product reaches 18% of the world's national product) and 15% of world trade.
And everything looks beautiful, if only for one nuance..... Noticeably more than 50% of all figures are provided by CHINA. China, which has an EXPORT ORIENTED economy. China, which is now actively losing its western market and which critically needs .... yes, yes, to replace the markets that are "slipping out of their hands", which are becoming the BRICS members. Nothing personal - purely Chinese business :)
I would like to say separately about Saudi Arabia and UAE. They were counted on (by the BRICS ideologists) as a "joker up their sleeve" that would allow manipulating the oil market "on behalf of the BRICS". But.... these 2 countries form the prices for the key product of their economy 90+% in ...dollars, and they will not change this concept. They sell small amounts of oil for yuan, and only within the framework of bilateral projects, which are very few in these countries.
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De-dollarization is happening much faster than many people expected. China, Russia, Iran and many other countries have been using other currency such as Chinese Yuan for their business. Because of political differences with the United States many countries have opted for Chinese Yuan. Another reason is the growing Chinese economic cloud.
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(https://i.ibb.co/18G5ct9/1.png)
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(https://i.ibb.co/18G5ct9/1.png)
Perhaps that's what the picture looks like in dry statistics. But there are, as always, small nuances:
1. Everyone remembers the saying "There are three kinds of lies: lies, blatant lies and statistics. The modern world has adapted it to the reality, and it sounds like this: "There are four kinds of lies: lies, brazen lies, statistics and Chinese statistics" :)
2. Russia's GDP is the most fake number in these statistics. The reason is trivial - the war economy. On the one hand everything is fair - gdp is big. BUT ! It is the GDP of the military economy, where more than 40% of the budget goes to destruction and annihilation. In a day/week/month, 40% of the produced domestic product becomes shrapnel, smoke, burnt tanks, or dead servicemen of the Russian Federation.
3. g7 - An informal international club of seven economically most developed countries. And compare the composition of the BRICS . I do not want to offend BRICS, but it looks like a bunch of losers gathered around China and India, in the dubious hope that they will gold them...
4. and if we talk about statistics - let's look at the GDP of countries not only belonging to this or that organization, but also their partners ? :)
https://data.oecd.org/gdp/gross-domestic-product-gdp.htm#:~:text=Gross%20domestic%20product%20(GDP)%20is,and%20services%20(less%20imports).
I understand that you like BRICS, but you have to be realistic - it is not an alliance of creation, development and mutually beneficial relations. It has a completely different goal, which I have already mentioned many times. And there are no friendly relations in BRICS, this is a fact that cannot be denied.....
And the final, the simplest question - how many BRICS countries (except for the pariah countries), were able to give up interaction with the Western civilized market for a full cycle of interaction within the "great BRICS" ?
But the countries of the developed west easily refuse the products of China, Russia, Iran and the like....
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(https://i.ibb.co/XsNF2Rg/7.png)
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....
Beautiful charts, everything is fine, and well visualized. It is nice to see the work of good analysts who know how to handle data.
Only it is necessary to write before the chart - "* - data on gold reserves are not verified. The statistics is based on official statements. Audit of reserves has never been conducted".
Otherwise someone might think that these are real gold reserves :)
Peter90 don't take this as an attempt to take your posts as a joke, but we have to be objective in providing information ! If it is not proven and confirmed - we must write about it, otherwise it can be perceived as an attempt to manipulate.