Comments by "MSD Group" (@MSDGroup-ez6zk) on "ShanghaiEye魔都眼"
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I don't get it why BRICS is living in the west propaganda about each member swap value? The value of each member currency should be determined by the need of two countries trading, not just because Ethiopia doesn't produce anything thus the value of local Ethiopia currency against a group. No. Why? Each country has different demand. For example, Ethiopia has large reserves of metallic minerals such as gold, platinum, iron, nickel, and chromite, as well as fertilizer raw minerals like potash and phosphate. These minerals may have no value to South Africa as South Africa has similar natural resources, but Ethiopia may be needed by China, Russia etc who don't have those natural resources. So, value of Ethiopian currency for swap in China may not be the same in South Africa.
In the west, value of local currency depends on the west perception on what they see on those countries.
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@reneboisselle The world has lost respects to the USA as it yell loudly on Ukraine but it was a genocide doer in Afghanistan and now it supports genocide in Palestine. It has dark history too like genociding, manipulating its currency, slavery, looting other countries wealth, doing money laundry, killing its own presidents etc.
that's true. For the world, why does it need the US now?
The USA economy is a small market with 300 million population but full of competitors, manipulated USD, corrupt politics system, unfair trading, high tariffs, embargoes etc.
It is a time for the world to focus on global south with 6.7 billion market but less competitors, rich on natural resources, rich on human capital, more fair trading, no manipulated currency, no high tariffs, no embargoes, no warmongers, etc.
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