Perhaps the hardest part to move away from are Visa and Mastercard - billions of bank accounts linked, many billions of automatic deductions happening, global acceptance & ATM access. I doubt we want to move to a Chinese system.
It used to be safe to immediately switch off when someone talked about gold, but I wonder if that's still true. The price soared in the second half of Trump I, and has taken off again since T2 became likely (and then a certainty). Maybe everyone is a gold bug in a foxhole?
The gold standard, I think, remains unspoken in polite company. However, the gold standard is not the same thing as gold in an investment portfolio. The latter may make some sense, although my own preference is for boring non-US assets.
Given Trump's current trajectory, the choice of Tulsi Gabbard as United States Director of National Intelligence and the pivot of influential conservatives like Tucker Carlson towards a pro-Moscow stance, I wouldn't be surprised if the US, under Trump, left NATO and joined the Russia's post-Warsaw Pact alliance, the Collective Security Treaty Organization.
The first I do every morning is have a cup of coffee (well, 3 to be honest) and check the news to see what America's Clown King is up to today. The range of possibilities is as wide as it is horrific. I've always despised and distrusted conservatives, but who would've thought they would have fallen en masse into line with someone as deranged as Trump? How can moderate progressives (my mob) win back popular support? Does Trump have to crash the US before his followers desert him?
My understanding of the BRICS from it Kazan summit is that they are not attempting to move away from the US$ but have been forced away by sanctions, China is repatriating its expiring US treasuries and earnings from US direct sales back to China and using them to lend to other nations to build infrastructure as part of its Belt and Road. The Altmedia espouse the idea the BRICS are attempting to leave the US and swift but not true. Mastercard and Visa are about to re-enter Russia and SWIFT won't be far behind is my prediction as Trump realises the possible repercussions of BRICS independent currency.
You did not mention Venezuelan gold that was stolen also but by the UK.
You suggested Europe as haven but they are all still satrapies of the Neocons and forever war in Ukraine but without military actions as they lack a military stronger than the RFeds gendarmes.
Not all institutions can be decentralised. Some will have to be moved. The interbank Forex market turns over $7 trn a day, and is cleared through a specialist cooperative bank in New York. You can imagine the damage that Musk's oprichniki could do if they gained access to the servers.
There is an interesting technical problem here. Anything like CLS bank has to be located in the New World, because the New World countries are the closest ones to the east of the International Date Line. In other words, the western-most country is at the end of the world's business day, so daily payments must settle there. Of course, Vancouver is a nice city.
If banks ever move to 24/7 settlement, this constraint will go away.
Perhaps the hardest part to move away from are Visa and Mastercard - billions of bank accounts linked, many billions of automatic deductions happening, global acceptance & ATM access. I doubt we want to move to a Chinese system.
It used to be safe to immediately switch off when someone talked about gold, but I wonder if that's still true. The price soared in the second half of Trump I, and has taken off again since T2 became likely (and then a certainty). Maybe everyone is a gold bug in a foxhole?
The gold standard, I think, remains unspoken in polite company. However, the gold standard is not the same thing as gold in an investment portfolio. The latter may make some sense, although my own preference is for boring non-US assets.
I certainly think this is a realistic prospect.
Given Trump's current trajectory, the choice of Tulsi Gabbard as United States Director of National Intelligence and the pivot of influential conservatives like Tucker Carlson towards a pro-Moscow stance, I wouldn't be surprised if the US, under Trump, left NATO and joined the Russia's post-Warsaw Pact alliance, the Collective Security Treaty Organization.
The first I do every morning is have a cup of coffee (well, 3 to be honest) and check the news to see what America's Clown King is up to today. The range of possibilities is as wide as it is horrific. I've always despised and distrusted conservatives, but who would've thought they would have fallen en masse into line with someone as deranged as Trump? How can moderate progressives (my mob) win back popular support? Does Trump have to crash the US before his followers desert him?
My understanding of the BRICS from it Kazan summit is that they are not attempting to move away from the US$ but have been forced away by sanctions, China is repatriating its expiring US treasuries and earnings from US direct sales back to China and using them to lend to other nations to build infrastructure as part of its Belt and Road. The Altmedia espouse the idea the BRICS are attempting to leave the US and swift but not true. Mastercard and Visa are about to re-enter Russia and SWIFT won't be far behind is my prediction as Trump realises the possible repercussions of BRICS independent currency.
You did not mention Venezuelan gold that was stolen also but by the UK.
You suggested Europe as haven but they are all still satrapies of the Neocons and forever war in Ukraine but without military actions as they lack a military stronger than the RFeds gendarmes.
Not all institutions can be decentralised. Some will have to be moved. The interbank Forex market turns over $7 trn a day, and is cleared through a specialist cooperative bank in New York. You can imagine the damage that Musk's oprichniki could do if they gained access to the servers.
There is an interesting technical problem here. Anything like CLS bank has to be located in the New World, because the New World countries are the closest ones to the east of the International Date Line. In other words, the western-most country is at the end of the world's business day, so daily payments must settle there. Of course, Vancouver is a nice city.
If banks ever move to 24/7 settlement, this constraint will go away.
we are in the prequel to Lionel Shrivers’ “The Mandibles“