Since the last report, BRICS has expanded and more countries have applied to join. The plan to dethrone the US Dollar is moving along slowly but surely like a frog in a boiling pot.
“The Ministry of Finance organised an online meeting of BRICS Deputy Finance Ministers and Central Bank Governors. It was the first event in the BRICS financial track with the participation of new members of the association.”
It was mentioned in the last report that it was unclear if the Chinese Yuan would replace the US Dollar as the world’s reserve currency. It appears the goal of BRICS is allow countries to trade in any of the BRICS nations currencies.
However, China has the highest GDP in the bloc so naturally countries would trade in Yuan.
“Vladimir Putin says oil producing countries are thinking of and are already accepting payments for oil in yuan.”
“You see the U.S. Treasury created more dollar “reserve assets” held by foreign central banks abroad ($150+ Trillion), both Ponzi Financial assets and dollar reserves for the petrodollar oil trade, than the U.S. Treasury debt and stock market valuations.
For every dollar that gets repatriated back to the U.S. Treasury asset side, you must remove a corresponding one dollar from the Treasury liability side, which also corresponds to commercial banks liability side because a commercial bank holds Treasury bond collateral. Banks have made more deposits (loans to the investors) that are created than the asset side of a bank’s balance sheet.
Right now, those dollars being repatriated back to the U.S. Treasury are currently being bought up byBlackRock.Exchange Stabilization Fund (ESF) which has a balance of roughly $25 Trillion. Again $150 Trillion of financial assets abroad and perhaps another $100 Trillion as central bank *oil reserves.OnceBlackRock‘s ESF is drained, and Blackrock goes insolvent, commercial banks will be forced to call in their Dollar loans which are currently parked in the stock market. The stock market will eventually go to zero.Why? Because the world’s gold held by foreign central banks will ALL pledge their gold reserves to back the renminbi as a gold-backed global “reserve asset” in the oil trade payment settlement.”
Note,“the world’s gold held by foreign central banks will ALL pledge their gold reserves to back the renminbi as a gold-backed global “reserve asset” in the oil trade payment settlement.”
If the Chinese Yuan/Renminbi were to be backed by assets such as gold, it would become a highly favorable replacement for the US Dollar.
This will force the United States to protect US Dollar dominance by either forming a gold-backed currency or even call on the world for another “Bretton Woods” to change the global financial system.
“No competition, no progress.” — Bela Karolyi
Another important factor to mention is that nearly half of global oil production is now under BRICS. This is twice as more as the US share in global oil production. Not only is the US Dollar under threat of competition but so is global oil production.
The global financial system is constantly evolving, and it is likely that there will be significant changes in the future. Factors such as technological advancements, regulatory reforms, economic shifts, and geopolitical developments can all contribute to changes in the financial system.
Economic shifts and geopolitical developments have greatly influenced the evolution of the global financial system in several ways:
Trade and investment patterns:Geopolitical developments, such as the rise of new economic powers and shifting alliances, have led to changes in trade and investment patterns.
Regulatory reforms:Geopolitical developments, such as geopolitical tensions or changes in international relations, can lead to changes in regulatory frameworks. Governments may implement new regulations or alter existing ones to address economic shifts or geopolitical concerns, impacting the operations of financial institutions and markets.
Capital flows and currency exchange rates:Geopolitical developments and economic shifts can influence capital flows and currency exchange rates. For example, political instability or a shift in economic power can lead to fluctuations in currency values and affect international capital flows, impacting global financial markets and the stability of the financial system.
Global economic integration:Economic shifts, such as the rise of emerging markets or changes in global economic dominance, have led to increasing economic integration and interdependence. This has implications for financial markets, as they become more interconnected, and it necessitates coordination and cooperation among countries and financial institutions to maintain stability.
Technology and innovation:Economic shifts and geopolitical developments have also contributed to technological advancements and innovations that are shaping the financial system. For example, digital currencies and fintech solutions are emerging as a result of economic and geopolitical changes, which are redefining the ways in which financial transactions and services are conducted globally.
Overall, economic shifts and geopolitical developments are integral in shaping the global financial landscape, and their impacts on the evolution of the financial system are multifaceted and far-reaching.
Note,“Economic shifts and geopolitical developments have also contributed to technological advancements and innovations that are shaping the financial system.”
One thing is clear, BRICS is causing the US to step up and compete which will force progress. However, while these geopolitical events unfold, the speculated Quantum Financial System (QFS) is also slowly but surely being implemented. It is inevitable that money will eventually go completely digital. Once NESARA/GESARA is implemented along with full disclosure, money will become a secondary need.
The Star Trek universe is actually a great example of what society and civilization would look like post-NESARA/GESARA.
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As Picard tells a bewildered but curious 21st century woman named Lily, inStarTrek: First Contact:
“The economics of the future are somewhat different. You see, money doesn’t exist in the 24th century.”
Lily replies, “No money? You mean, you don’t get paid?
Picard then says, “The acquisition of wealth is no longer the driving force of our lives. We work to better ourselves and the rest of humanity…”
(Quotes from “StarTrek: First Contact”)
So, people in the Federation don’t *have* to work, at least not to pay for housing or put food on the table. Replicators have all but eliminated starvation, or even the need to cook food. Housing is likely also made from replicable parts, making it free and easy to construct. People probably also get most of their regular clothes from a replicator as well. Indeed, pretty much any product can be had from a replicator, which means that the buy-and-sell nature of a capitalist economy has been made mostly obsolete.
I say mostly obsolete because there does appear to be a black market for products that are illegal or that don’t have an open-source code to enable replication. And people can and do shop with credits now and then, ostensibly for products that cannot easily be found far away from Earth, or alien products that are foreign to replicator programming.
Note: The nature of these credits or how they are distributed is fuzzy, and not well explained. It’s implied in the originalStarTrekseries that these credits are actual money, income from an employer (Starfleet, ostensibly). But by the timeStarTrek: The Next Generation came along, money as income for work had begun to be written out of theStarTrekuniverse, insofar as the Federation was concerned.
People are also able to run a business in some circ*mstances, but this is done as a free service and run by choice, not as business meant to turn a profit. For example, Benjamin Sisko’s father runs a restaurant in New Orleans called Sisko’s Creole Kitchen, which features real, not replicated, seafood on the menu. If there are any costs in running such a businesses, they are likely eliminated by a Federation sponsorship of some kind. Certainly, any wait staff or cooks at such an establishment would be working as volunteers, not paid employees.
So to answer your question, people do work and have jobs in the 24th Century, but they do whatever they do because they want to, as a learning or growing opportunity, or for fun and enjoyment. Work of any legal kind is encouraged as a way to better oneself and service the common good of humanity.
Note that we don’t see a lot of menial or make-work tasks being done by humans. It’s implied that machines have eliminated such work, although there are almost no robots around (save for the extremely advanced androids Data and Lore).
As to what most people actually commonly do for a living/career, it’s hard to say, from a show that focuses almost exclusively on Starfleet officers, who function as part of a semi-exploratory, semi-military organisation based on strict hierarchies, with some room for advancement.
We do see some civilian scientists on the show. And as as indicated by the presence of Deanna Troi on the Enterprise D, psychologists and therapists are always in demand. Doctors and nurses are also in high demand everywhere. Massage therapy is a recession-proof career today, and would still be in demand in the 24th century too. Pretty well anything currently in medicine is still around, and newer jobs are too, especially in exomedicine and exobiology (medicinal and biological study of alien species and viruses).
Jean-Luc Picard’s parents, and later his brother Robert and his brother’s wife, are farmers and vintners, but they are also an atypical family, who hold to a very traditional, pre-24th century (even pre-21st century) way of life, with old-fashioned values being the order of the day. Jean-Luc is implied, on a visit back to his ancestral home, to be almost a black sheep of the family because he abandoned the family vineyard for Starfleet.
People could be professors, school teachers, teaching assistants, custodians, and groundskeepers (like Boothby, who tended to Starfleet Academy’s grasses, trees and flowerbeds without any use of pesticides, and who readily dispensed counsel to those who would listen, such as Picard).
There are prison facilities in 24th centuryStarTrek, though they are ostensibly fairly small, with most crimes like theft, rape or murder being little-seen or heard of by then. There will be a need for prison guards to keep watch on the cells (just in case the forcefield cell doors fail). And not to mention there are police officers, detectives, and other personnel around to monitor for suspicious activity and conduct investigations into any incidents that occur. Terrorism still exists after all, as shown with the activities of the Maquis resistance, who were not happy when their planetary lands were ceded by the Federation to the Cardassians.
There’s also plenty of work for computer programmers, designers, holonovel writers, musicians, and artists. But work would be done without any expectation of compensation, and grants may not be needed since all materials for art or music production could be replicated, and information required for research is completely free. Librarians would surely be needed to sift through the vast quantities of data, although most Librarians would probably be sophisticated computers, not people.
In the Reddit discussion linked below, many people discuss their current professions, and whether or not their profession would exist in the 24th century ofStarTrek, and if so, would they still do the same work? One person points out that since there are still credits used in some form (and which may be ‘paid out’ as a guaranteed income of some sort), financial analysts would still be needed in some capacity, to predict how many credits are needed, and for what.
