Thursday, August 25, 2022

 the video rebel says this is his final warning;


Several disturbing events are happening. The dollar, the pound, the euro and the yen should soon have zero value. In America that means Nationwide Food Riots and the cities burn to the ground.

China just forgave the debt of 17 African nations. That is an unusual move. What I believe they are doing is lining up support for the next big move which could happen at the 2023 BRICS (Brazil, Russia, India, China, South Africa) meeting in May in Beijing. Sergey Glazyev, Minister of Integration and Macroeconomics of the Eurasian Union, wants all BRICS members and everyone from the Global South to refuse to repay loans denominated in dollars, pounds, euros, and yen. From that day forward trade would be conducted either in a basket of commodity backed BRICS currencies or in local ones with trade accounts settled in gold.

Bloomberg just recently noticed that the velocity or turnover of money just shot up sharply. That will support higher prices. Shadow Stats has our real inflation rate in the US at 16.8%. Money turns over faster and faster as we go further along the inflation track. Why? If I know the price is going up every 3 months, then I should run out and buy 3 months worth of consumables and pay on my credit cards. When I get paid, I can pay off my cards. Meanwhile, people thinking like that will have cleared the shelves at the local market. America is not at that point yet but we have seen the hysteria of buying of toilet paper in the past. Even a slight increase in velocity could send the US into hyperinflation which I defined as starting at 25% for a reserve currency.

When people overseas see inflation ripping through America, they will dump cash, bonds and stocks and pile into commodities. This will force BRICS and the Global South to act. It will not be pretty. It could get so bad that to buy things from overseas Americans will first have two buy 2 ounces of gold for $20,000 to get a gold letter of credit. People overseas won’t accept US domestic dollars at that point.........more........

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