Russia making lots of deals in the middle east

[TheDan]

Saudi - https://www.reuters.com/world/middl...ary-cooperation-agreement-between-2021-08-23/
Nigeria - https://www.reuters.com/world/nigeria-signs-military-cooperation-agreement-with-russia-2021-08-25/
Egypt - https://newscentral.africa/2021/08/26/egypt-signs-military-cooperation-deal-with-russia/
UAE next? https://www.jpost.com/international/russia-hosts-jordans-king-hints-at-uae-deal-677530

Saudi is the most surprising to me. I guess this petrodollar thing is over...

 

[pronstar]

. I guess this petrodollar thing is over...

Then we lose reserve currency status.

We’re on the road but not there yet.

There will be war.


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[Aus_Schwaben]

Probably buying a lot of U.S. gear from the Taliban for evaluation. I would say the same for the Chinese but their hackers probably already have all of the specs, laboratory testing, and field testing results.

After the first Gulf War, I know the Russians were out on the battlefield gathering whatever U.S. gear they could find for the same reasons.

 

[oldag]

Power vacuum will be filled.

 

[TheDan]

Then we lose reserve currency status.

People say we shouldn't be the world police, but that's the only thing keeping USD as the reserve currency. If Saudi really is seeking military aid from Russia, and this isn't just some crazy saber rattling, it's over.

IMO we should just pull the 5th fleet now. I'm sure they'd all love a nice vacation in Hawaii. Don't give the Sauds any more free rides. Let the shipping lanes get raped by piracy, and all the tribes fight each other.

There will be war.

yes

 

[Axxe55]

Quite possibly it could be about controlling the oil and the flow of oil and where it's going, and to whom it's going to.

 

[pronstar]

People say we shouldn't be the world police, but that's the only thing keeping USD as the reserve currency. If Saudi really is seeking military aid from Russia, and this isn't just some crazy saber rattling, it's over.

IMO we should just pull the 5th fleet now. I'm sure they'd all love a nice vacation in Hawaii. Don't give the Sauds any more free rides. Let the shipping lanes get raped by piracy, and all the tribes fight each other.

yes

If the dollar loses reserve status, our way of life will change dramatically.

Government will be forced to massively downsize, which it needs to do anyway.

With the latest spending package, 60% of GDP is government spending and that just isn’t sustainable…especially when they can’t print their way out of it.

But the swamp will circle the wagons and centralize as much power as possible.

I think this will be when “we the people vs. the government” kicks off, and it will be painful.


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[Darkpriest667]

If the dollar loses reserve status, our way of life will change dramatically.

Government will be forced to massively downsize, which it needs to do anyway.

With the latest spending package, 60% of GDP is government spending and that just isn’t sustainable…especially when they can’t print their way out of it.

But the swamp will circle the wagons and centralize as much power as possible.

I think this will be when “we the people vs. the government” kicks off, and it will be painful.


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Yup and Im mining away crypto because the USD will be worthless.

 

[TheDan]

Yup and Im mining away crypto because the USD will be worthless.

I'm stacking silver and lead

 

[easy rider]

Power vacuum will be filled.

This^^^ Trump may have been a blowhard, but nobody wanted to test his resolve. Biden is the epitome of weakness. Who is afraid of the U.S. now?

 

[TheDan]

our way of life will change dramatically.

Yes, but not necessarily for the worse.

The transition will definitely be painful for many. The prescription for being as comfortable as possible through it is simple, however...

1. Learn to garden.
2. Get your savings out of the bank and put it in crypto and precious metals.
3. Mind your business. In both colloquial sense and literal.

the swamp will circle the wagons and centralize as much power as possible

That is something that concerns me a bit... A dying animal can still do a lot of damage as it's thrashing about.

 

[oldag]

Yup and Im mining away crypto because the USD will be worthless.

The same crypto whose value can disappear in an instant?

 

[Darkpriest667]

The same crypto whose value can disappear in an instant

Yes, just like the USD, except bitcoin is not unlimited and hell neither is DOGE coin for that matter. There is no central authority that can just PRINT more. It's decentralized and capped.

I'm stacking silver and lead

Really hard to divide silver unless you have the correct tools to do so. You gonna pay an entire coin of silver for a loaf of bread? I have silver for if all of society fails, not just the USD. People will still want some sort of medium of exchange. "


Dogecoin - Circulating Supply 131.06B DOGE

Bitcoin - Circulating Supply 18,800,887.00 BTC

USD M1 Supply
Observation:
Jul 2021: 19,402.0 (+ more)
Updated: Aug 24, 2021
Units:
Billions of Dollars,
Seasonally Adjusted

19.4 trillion versus 18 million or 131 Billion.. And for the naysayers that say "well doge is muh infinite" Only 5 billion a month can be created. It would take 3880 months of maxed DOGE production to equal the amount of USD in M1 supply. For those who don't want to do the math that's 320 years. Suffice to say I think crypto is pretty healthy and if the internet or all electronics in the world die I have the ultimate currency anyway lead and a lot of water.

 

[easy rider]

The way things are looking, bullets is the way. If you can't buy with them, you take it with them.

 

[TheDan]

Really hard to divide silver unless you have the correct tools to do so. You gonna pay an entire coin of silver for a loaf of bread? I have silver for if all of society fails, not just the USD. People will still want some sort of medium of exchange. "

That's an argument against gold, not silver. If you look back at grocery prices pre-Fed a loaf of bread or a dozen eggs was about 10￠. Steak was 25￠/lb. I normally sell duck eggs for $5 a dozen, but would happily take a pre-64 dime. $5 would buy two dimes currently, but I'd rather have the real money in the long run.

All PMs are more liquid than you might expect. Any local coin store would be able to easily make change. I bet many coin stores have more cash in them than banks

BTW, I'm not anti-crypto at all. I think the technology is fantastic and love the decentralization. I'm not sure anyone at the local farmer's market is taking crypto yet, tho.

 

[Darkpriest667]

That's an argument against gold, not silver. If you look back at grocery prices pre-Fed a loaf of bread or a dozen eggs was about 10￠. Steak was 25￠/lb. I normally sell duck eggs for $5 a dozen, but would happily take a pre-64 dime. $5 would buy two dimes currently, but I'd rather have the real money in the long run.

All PMs are more liquid than you might expect. Any local coin store would be able to easily make change. I bet many coin stores have more cash in them than banks

BTW, I'm not anti-crypto at all. I think the technology is fantastic and love the decentralization. I'm not sure anyone at the local farmer's market is taking crypto yet, tho.

Oh I'm not anti commodity based money either, but silver is a hard metal, gold is softer and actually easier to split physically. That's what I was saying.

 

[oldag]

Yes, just like the USD, except bitcoin is not unlimited and hell neither is DOGE coin for that matter. There is no central authority that can just PRINT more. It's decentralized and capped.





Really hard to divide silver unless you have the correct tools to do so. You gonna pay an entire coin of silver for a loaf of bread? I have silver for if all of society fails, not just the USD. People will still want some sort of medium of exchange. "


Dogecoin - Circulating Supply 131.06B DOGE

Bitcoin - Circulating Supply 18,800,887.00 BTC

USD M1 Supply
Observation:
Jul 2021: 19,402.0 (+ more)
Updated: Aug 24, 2021
Units:
Billions of Dollars,
Seasonally Adjusted

19.4 trillion versus 18 million or 131 Billion.. And for the naysayers that say "well doge is muh infinite" Only 5 billion a month can be created. It would take 3880 months of maxed DOGE production to equal the amount of USD in M1 supply. For those who don't want to do the math that's 320 years. Suffice to say I think crypto is pretty healthy and if the internet or all electronics in the world die I have the ultimate currency anyway lead and a lot of water.

Umm, no.

And it can disappear in an instant. Literally. Not even going to start listing the ways you can lose that bitcoin.

With USD you do have some warning.

 

[Darkpriest667]

Umm, no.

And it can disappear in an instant. Literally. Not even going to start listing the ways you can lose that bitcoin.

With USD you do have some warning.

Yeah we have that warning now. I've completely moved away from liquidity in USD at this point. But you're right oldag. You've always been right. I have no idea what I am talking about. You make 2000 posts a year and about 6 have been worth reading.

 

[Sam7sf]

I will be growing fruit and other crops. One thing you can count on with democrats in power: people will be hungry and need medicine.

 

[MTA]

I will be growing fruit and other crops. One thing you can count on with democrats in power: people will be hungry and need medicine.

I always think about the overwhelmingly large number of people who need medications to survive and what that will look like when this all comes crashing down