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Hugely important news from Andy in next week's episode

A

Amphius

Member
"The next meeting of the BRICS Finance Track at the level of finance ministers and central bank governors is scheduled for 27 Feb"

Andrew, is this the meeting, 2 weeks today, where the launch details and name of the new BRICS gold-backed token will be decided? If so, could you wait until you have the lowdown before recording the next episode ("I really do hope to provide more information on the launch of this gold-backed currency, and its name, by 1st March")?
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The three stages should be phased in steadily, building on proven success because this can't go wrong. They've had plenty of trials.
 
TomL said:
I haven't seen gold mentioned anywhere in the new payments system
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Have you read this yet? -- https://unitfoundation.org/

Selected from this white paper / abstract:

Fractal design ensures that the composition of each UNIT token’s basket of underlying assets (or “reserve basket”) is invariant across the nodes of the network as it scales. The intrinsic value of each UNIT token always remains proportional to the total value of the UNIT reserve basket measured in gold and is expected to remain less volatile than the value of any of the components of the basket.

The UNIT token is not a cryptocurrency since the intrinsic value of each UNIT token is linked to a basket of underlying assets, which includes 40% gold. At the same time, the UNIT token is not a stablecoin, since its value is not directly derived from the basket of underlying assets and by design, there no mechanism for reverse conversion of the UNIT into the basket of underlying assets. After an initial period, the market value of UNIT tokens is expected to become primarily a function of supply and demand, not of the value of the underlying basket.

New UNIT tokens can be emitted (or “minted,” the terms used interchangeably in this document) at UNIT nodes in exchange for depositing assets corresponding to the current value of the UNIT reserve basket, measured in gold.
 
NotJoKin said:
Have you read this yet? -- https://unitfoundation.org/

Selected from this white paper / abstract:

Fractal design ensures that the composition of each UNIT token’s basket of underlying assets (or “reserve basket”) is invariant across the nodes of the network as it scales. The intrinsic value of each UNIT token always remains proportional to the total value of the UNIT reserve basket measured in gold and is expected to remain less volatile than the value of any of the components of the basket.

The UNIT token is not a cryptocurrency since the intrinsic value of each UNIT token is linked to a basket of underlying assets, which includes 40% gold. At the same time, the UNIT token is not a stablecoin, since its value is not directly derived from the basket of underlying assets and by design, there no mechanism for reverse conversion of the UNIT into the basket of underlying assets. After an initial period, the market value of UNIT tokens is expected to become primarily a function of supply and demand, not of the value of the underlying basket.

New UNIT tokens can be emitted (or “minted,” the terms used interchangeably in this document) at UNIT nodes in exchange for depositing assets corresponding to the current value of the UNIT reserve basket, measured in gold.
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No I have not seen that before. Thanks for sharing. Is this UNIT system being mentioned in direct relation to the new BRICS payment system?
 
TomL said:
No I have not seen that before. Thanks for sharing. Is this UNIT system being mentioned in direct relation to the new BRICS payment system?
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I can't tell you exactly how all these parts fit together, esp. how this paper and its authors connect with Glazyev and his proposals. I just asked about that under another topic (Gold, Silver and more - Interesting Reads).

But reading through it, they certainly do seem to be on the same page, though I had thought that Glazyev had come to the conclusion that the system would work better and more elegantly simply using gold and not a basket of commodities. Not sure now.

Having said that, there's no reason to think that there are not multiple centers working on this problem and that the final solution (which I believe to my core to have already been worked out at the top of BRICS+) will be the best of the best of the solutions.

We'll see. But all have the same in common -- gold as the anchor and measuring stick and NO one national fiat currency to be the global reserve currency that could be, and undoubtedly would be again, abused.

And everything we've watched over the past 3 years, especially, and more w/China, corroborate this in terms of the intense accumulation of gold, esp. among the BRICS/BRICS+ and the wannabe BRICS++s.
 
NotJoKin said:
I can't tell you exactly how all these parts fit together, esp. how this paper and its authors connect with Glazyev and his proposals. I just asked about that under another topic (Gold, Silver and more - Interesting Reads).

But reading through it, they certainly do seem to be on the same page, though I had thought that Glazyev had come to the conclusion that the system would work better and more elegantly simply using gold and not a basket of commodities. Not sure now.

Having said that, there's no reason to think that there are not multiple centers working on this problem and that the final solution (which I believe to my core to have already been worked out at the top of BRICS+) will be the best of the best of the solutions.

We'll see. But all have the same in common -- gold as the anchor and measuring stick and NO one national fiat currency to be the global reserve currency that could be, and undoubtedly would be again, abused.

And everything we've watched over the past 3 years, especially, and more w/China, corroborate this in terms of the intense accumulation of gold, esp. among the BRICS/BRICS+ and the wannabe BRICS++s.
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Thank you. Appreciate it
 
Glazyev has never stated that it would be gold only. Other people read his work and claimed that the 3 part composition (gold, commodities, national currencies) would be too complex, but not with this approach described in the UNIT paper.
 
I thought it would be too complex, but when you see the checks & balances in the design, it becomes clear.
 
TomL said:
So did the BRICS Payment system get started? I haven't heard anything about it.
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I wouldn't expect it to start until the Oct BRICS+ summit, but you never know. The BRICS+ Finance Track meeting of finance ministers and central bank governors is taking place today.
 
Amphius said:
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I think this will still be just another planning and discussing meeting.

Lula is NOT one that I would believe Putin trusts, aligned as he is w/his globalist/NATO/neocon enemies who have done everything they can think of to destroy him, his capacity to lead Russia, and his global reputation.

That doesn't mean he doesn't want Brasil in the fold, but I sure don't trust Lula to do anything that would alienate him from his globalist overlords. Just the fact that it will be a side meeting at the same time as the G20 meeting tells me this is not the "main dish."
 
Great. Andrew Bail-in. Maybe it's time to write to the PM. I downloaded a copy of the draft legislation Jim & Daniel have been working with. Conveniently it refers to 'state', meaning an individual US state, but here it could mean the UK nationally.

I wonder, though, if this will attract unwelcome attention at this time, just when they're plotting the skulduggery round the Britcoin.
 
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