Tuesday, August 29, 2023

"It's tough to make predictions, especially about the future." Y. Berra


To my credit, I did caveat my forecast of 14 August concerning the BRICS and the FED implementing central bank digital currencies.

That was a worst case speculation on my part - one based on credible sources spanning over a year in advance of the two meetings concluded last week.

https://www.forbes.com/sites/davidbirch/2022/08/16/follow-the-yellow-bric-road-to-a-new-digital-reserve-currency/?sh=290111c2f949

https://medium.datadriveninvestor.com/this-new-money-will-destroy-the-us-dollar-d301fdd2bbab

https://www.zerohedge.com/geopolitical/what-are-brics-planning-august-22nd-durban-accords

And, speculation on a BRICS currency continues even after last weeks meeting.  

https://coopwb.in/info/when-will-brics-currency-be-released/

Clearly something slipped shortly before the meeting in South Africa - https://www.theguardian.com/world/2023/aug/23/xi-jinping-brics-china-fails-to-give-key-speech

Truth is, we may never know what Xi himself was prepared to announce.  He does not go abroad to make little speeches.

So, in retrospect, instead of using a BIG announcement to justify a major power grab, the FED, and fellow central banks, merely appeared to signal incompetence or impotence with regard to major economic trends of the sort the FED had claimed to have been established to manage.

https://www.zerohedge.com/markets/central-banks-just-made-it-clear-they-arent-control-and-dont-pretend-be

Hey, at least the FED, and it's masters of the universe cabal, chose a beautiful place to meet.


UPDATE: 9/10/23  Oh ....  Xi and the masters of the universe (Davos crew) decided to use the G20, not BRICS(+) to roll out the CBDC and global digital ID .... https://rumble.com/v3gf1mz-alert-g20-announces-plan-for-digital-currencies-and-digital-ids.html


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