There has been a lot of propaganda of late talking about the BRICs will replace the US
or China Yuan will etc.. this is flat-out silly talk designed to influence unsuspecting
people for political purposes.
This chart BKF/SPY is a comparison chart BRIC and the US. However, BRIC is now BIC
since Russia has been cut out by US sanctions. In my view, BIC is appropriate Flick my BIC
used to be a commercial for lighters back in the day. FLICK is all that BIC can do. Why?
1. US has only 5% of the Global population which produces 25% of the Global GDP.
No BRIC country can even compare.
2. US is not going to be invaded by Mexico, Canada, or Cuba.
3. The Global economy cannot function without a World reserve stable currency. For that
to occur a currency must I repeat MUST be able to be a net import thereby EXPORTING $s
to the rest of the world and still, reaching max employment of 3.5%. In other words, US
production & consumption is so high we need to export low-level jobs to other parts of the
world to meet our consumption demands while freeing up labor to do more technologically
advanced production. Not a single BRIC nation can even come close to matching the US in this
regard.
4. BRIC has a long history who will print more relative to their counterparts rendering their
currency worthless relative to the USD. Even China with 1.4 Billion people are totally dependent
on US consumption. China only floats 2% of the Yuan currently. totally insufficient to meet global
demand even if people desired it. Floating the Yuan for China and leaving it to market forces to
value it would be a complete disaster for the totalitarian Regime.
5. BRIC are well known for their rampant corruption problems. its one thing to agree we all hate
the US and another, to agree with themselves on what the rate of their currency is. Honestly, they
would kill each other at the onset.
All those who disagree are more than welcome to put their money where their mouth is and go out
and buy BIC. It's one thing to say what you believe and another to have skin in the game and accept
the financial consequences in what they say and believe.
As the great poet Mike Tyson Famously said "Everyone has a plan until they get punched in the mouth".
Don't be fooled by propagandists and lose your hard-earned money!
or China Yuan will etc.. this is flat-out silly talk designed to influence unsuspecting
people for political purposes.
This chart BKF/SPY is a comparison chart BRIC and the US. However, BRIC is now BIC
since Russia has been cut out by US sanctions. In my view, BIC is appropriate Flick my BIC
used to be a commercial for lighters back in the day. FLICK is all that BIC can do. Why?
1. US has only 5% of the Global population which produces 25% of the Global GDP.
No BRIC country can even compare.
2. US is not going to be invaded by Mexico, Canada, or Cuba.
3. The Global economy cannot function without a World reserve stable currency. For that
to occur a currency must I repeat MUST be able to be a net import thereby EXPORTING $s
to the rest of the world and still, reaching max employment of 3.5%. In other words, US
production & consumption is so high we need to export low-level jobs to other parts of the
world to meet our consumption demands while freeing up labor to do more technologically
advanced production. Not a single BRIC nation can even come close to matching the US in this
regard.
4. BRIC has a long history who will print more relative to their counterparts rendering their
currency worthless relative to the USD. Even China with 1.4 Billion people are totally dependent
on US consumption. China only floats 2% of the Yuan currently. totally insufficient to meet global
demand even if people desired it. Floating the Yuan for China and leaving it to market forces to
value it would be a complete disaster for the totalitarian Regime.
5. BRIC are well known for their rampant corruption problems. its one thing to agree we all hate
the US and another, to agree with themselves on what the rate of their currency is. Honestly, they
would kill each other at the onset.
All those who disagree are more than welcome to put their money where their mouth is and go out
and buy BIC. It's one thing to say what you believe and another to have skin in the game and accept
the financial consequences in what they say and believe.
As the great poet Mike Tyson Famously said "Everyone has a plan until they get punched in the mouth".
Don't be fooled by propagandists and lose your hard-earned money!
Comment:
BRICs continue to devalue against the US with no end in sight.
Comment:
BRIC vs SP 500 continue to get hammered. As I said the "BRIC" propaganda pushing is silly.
Comment:
BRICS continued to devalue against the
P500
while the BRICS money supply increased by another 10 trillion units.
P500
while the BRICS money supply increased by another 10 trillion units. 
Comment:
BRICS Update
Comment:
I heard so much nonsense about BRICs I couldn't stand it anymore so I posted this chart. Almost 2 years later, here are the results. BRICs ETF BRK has been destroyed by the SPY. As expected!
Don't be fooled by bots on social media.
Don't be fooled by bots on social media.
Comment:
As mentioned before saying BRICS will replace the US is just Silly.
Real Macro Economic Investing
www.patreon.com/Realmacro
www.patreon.com/Realmacro
