Karora Resources Inc T.KRR

It may have begun

[MaterialsMan]

Pretty good article on Kitco regarding BRICS and de-dollarization. Appears that the first major commodities trade (this one involved China and France) was settled in other than dollars. That of course does not include Russia. They are not allowed. Interesting factoid:An ex U.S financial bigwig was actually responsible for coining (no pun intended) the BRICS acronym. He is supposedly a strong proponent of other currencies being used for trade. Says using dollars only just ain't right. The most important revelation, even though it is being talked about, involves the important part that gold is expected to play as the situation evolves. Stay tuned.

[Pandora]

Todays news: https://www.msn.com/en-us/money/other/brazil-china-strike-trade-deal-agreement-to-ditch-us-dollar/ar-AA19f0F5

[Sage4Puck]

It might be the start of something good as we see the US government keeing the print-money switch on permantly. 

[NineLives]

Just reign in the paranoia. The US can print everyone out of this world. If the Western worlds financial system fails so does every country, yea good for Gold no worries, lol. Every little step by China will drag Gold up and good for KRR. But talking about a system failure, isn't going to happen. All deposits in the US insured for $250k that's 80% of deposits covered. Just a lot of

[MaterialsMan]

 I just have to ask, no offense intended. Where have you been?. This is not paranoia. IT IS  REALITY. #1. The FDIC is broke. There is no money except for a potential bail out system. How can you possibly believe the gov't line. I agree that printing money based on modern monetary theory has staved off disaster until now. But, the BRICS thing is not going to be solved by printing

[NineLives]

Hi MaterialsMan. Sorry had a power failure, couldn't reply. In terms of world reserves the Chinese currency only has a 2.8% impact where as the US dollar is 59%. Plus Russia although increasing their trade in Yaun have difficulties converting to other currencies due to Chinese capital controls. Check Aljazeera news. They covered this whole issue quite extensively. The experts spoken to don

[MaterialsMan]

NL, Thanks for responding.  You certainly have some points to consider. There are varying opinions on both sides of the debate. Only time will settle the outcome. Nice to have some non confrontational dialog.

[NineLives]

MM thanks yes all good points from everyone. It all becomes even more confusing when you look at Brics. The Indians have a huge mistrust of the Chinese. I think both countries are just playing each other in this arrangement. One large border skirmish and the agreement could crumble quite quickly. I believe once Modi gets the boot then the Indian parliament will put this trade agreement under

[diggin78]

Services inflation is out of control. Prices once reserved for NY and San Francisco are now becoming common in smaller mid sized cities. Why not? Our home prices increased 50% over the last 5 years, so let's see how far we can push the rest of it. Why can't we all be like sf and ny? Is that what we want? Seems like more people are celebrating inflation than fearing it where I live and that

[NineLives]

Yes it is scary, inflation of at least 10% is now embedded in the system. That's not going to change. The poor will get poorer which usually means more strike actions coming like in Europe. Mentioned gouging earlier, in the UK they scrutinize petrol prices religiously and many cars run on diesel. The wholesale price of petrol and diesel are exactly the same right now yet diesel at the pumps

[diggin78]

Don't be fooled into believing that inflation is under control. It'll be with us for a while, especially given the government's inability to allow any real financial pain. We need a thorough washing to bring folks back to their senses. Here's a sliver of anecdotal data for you-  My wife's friend is paying 2700 a month in childcare for 2 kids. that's twice our mortgage

[Pandora]

An excerpt from Martin Murenbeeld's Gold Monitor: The US Dollar as a Reserve Currency There has been a significant increase in articles and reports on the future of the US dollar as a reserve currency – notably in the wake of US financial sanctions on Russia after it invaded Ukraine. The unintended consequences of US sanctions include a perceptible shift of dollar reserves into non-dollar

[MaterialsMan]

Pandora, Martin Murenbeeld's take on this seems pretty cut and dry. He sounds very convincing. I still say, let's wait till August when the BRICS nations get together to see what happens.

[MaterialsMan]

Saw a stat today that reminded me of your post. This probably sounds unbelievable and it may require a fact check. Acccording to the piece I saw, the inflation rate while we were on the gold standard never exceeded 1/10th of 1% in any given year. Sounds impossible Fact is, I spent part of my working career during that time period. We really did not care that much about getting a raise because