Laces & braces codes are for kids. They don't mean anything. (ok, i guess to some idiotic boneheads believe in them) Only ones i believe in are:
Yellow laces on cherry red boots = Ronald McDonald
Blue laces on black boots = Batman
...I'm a traditional skinhead, hating nazis. I wear whatever color laces that look good in my opinion & same colour braces that i.e. the contrast colour on my fred perry shirt is.
(and by the way, some people say that red laces mean communist / anarchist, so those urban legends vary on the place ;) )