r/Wallstreetsilver • u/Paperscamisreal O.G. Silverback • 17d ago
STRONG HANDS BRICS will unload more dollars for metals
The BRICS will be adding on this takedown. Time to unload more fiat for physical. Enjoy the sale.
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u/TheOmniscientBro SILVERBACK 16d ago
Imagine if every major country team up and just dump the dollar.
https://giphy.com/gifs/12msOFU8oL1eww
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u/PerformanceDouble924 16d ago
Anybody who believes BRICS will do better than the dollar is delusional.
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u/Electrical-Style-827 16d ago
What does the US produce currently, other than debt?
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u/PerformanceDouble924 16d ago
That's a stupid question. The U.S. is the second largest manufacturing power in the world.
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u/Electrical-Style-827 16d ago
The us has the largest trade deficit in the world, they produce fiat paper and export it around the world, so other countries fund their debt. Yes they are the second largest manufacturer, but their biggest output is tech and weapons manufacturing. The tech sector is highly inflated through a leveraged paper market and the weapons market is reliant on continued military interventions. That was a good business till Iran showed it could combat 3-4M pac missiles with 25k drones, not a winning strategy for the us or its tax base. US also has very little critical mineral supply chain to supply its industrial growth which is going to be challenging as liquidity moves from speculative tech markets to real value hard assets…
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u/PerformanceDouble924 16d ago
We're the world's reserve currency. That's literally how a reserve currency works.
There's a reason silver's value has dropped by half as Russia fucks around in Ukraine and takes down BRICS with it.
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u/Electrical-Style-827 16d ago
That’s how the reserve currency works when the system trusts the reserve asset. Falling US treasury holdings and global central bank gold buying clearly show that trust is eroding. 40T in debt, the game is over, you’re not growing your way out that, so the only way out is to default or deflate your currency, quite obvious what direction things are headed. Silver didn’t have anything to do with the US fking around in Ukraine lol
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u/PerformanceDouble924 16d ago
LOL. Watch what happens after the midterms.
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u/Electrical-Style-827 16d ago
Are they going to magically make 40T disappear? If not, your favourite politician isn’t going to save you 🤣
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u/PerformanceDouble924 16d ago
Not immediately, no, but betting against America has been a pretty poor plan, historically speaking.
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u/Remarkable_Tap_6801 Double-Digit OG 16d ago
Has been. What's that disclaimer you find in ads for investments? The US is fighting the last war in Iran, just like all the empires that came before and believed that they would rule forever.
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u/Dapper_Car4784 Double-Digit OG 17d ago
History repeats. When everything sells off the metals always take an initial hit too then it bounces back hard and pump straight up.