Comments by "Valen Ron" (@valenrn8657) on "Think School" channel.

$1000 USD paper currency allows India to buy $1000 worth of products in the US and other countries. Countries with higher protectionist policies against foreigners result in high protectionist currency being less valuable.
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Gold's worth is based on supply and demand just like a country's "paper" currency. You failed basic supply and demand factors that set the price for a particular item.
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@СергейШестаков-в9щ The claim "The moment the gold exchange of dollar was denied - USA already defaulted on their promises" is a FALSE narrative. I can still buy gold in USD. Gold's worth can fluctuate based on demand and supply.
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@СергейШестаков-в9щ Countries with higher protectionist policies against foreigners have resulted in high protectionist currency being less valuable. As long as China has an anti-foreigner Negative List (protectionist), its RMB is viewed as less valuable. Facts: Russia's and China's higher protectionist policies make the respective currencies less valuable. USD strength is based on demand and supply, and the ability of USD recipients to invest (purchase) products in and from the US and other countries that accepts USD. From Trade Barrier Index New Zealand's tariff score is 2.92 Australia's tariff score is 3.03 UK's tariff score is 3.94 (post-Brexit, U.K. 'on track' to join CPTPP sometime in 2022) Japan's tariff score is 4.05 US's tariff score is 4.54 Germany's tariff score is 4.88 (common with the EU's customs union) EU's tariff score is 4.88 Russia's tariff score is 6.16 (highly protectionist) China's tariff score is 6.8 (highly protectionist)
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@СергейШестаков-в9щ Gold Production by Country 2022 1. China (399.7 tonnes) 2. Australia (312.2 tonnes), CPTPP, FiveEyes 3. Russia (281.5 tonnes) 4. United States (253.2 tonnes), USMCA, FiveEyes 5. Canada (193.0 tonnes), USMCA, CPTPP, FiveEyes 6. Indonesia (190.0 tonnes) 7. Peru (155.4 tonnes), CPTPP 8. South Africa (123.5 tonnes) 9. Mexico (121.6 tonnes), USMCA, CPTPP 10. Ghana (101.8 tonnes) For gold production, the Three Eyes member countries (USA, Australia, and Canada) have 758.4 tonnes combined. The USA is doing both gold and USD. USA, Australia, and Canada are NOT resource-poor EU!
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@СергейШестаков-в9щ Countries With the Largest Gold Reserves in the World. As of March 2022, these five countries have the largest gold reserves 1. United States: 8,133.5 tons. 2. Germany: 3,359.1 tons. 3. Italy: 2,451.8 tons. 4. France: 2,436.5 tons. 5. Russia: 2,301.6 tons. ----- From GPAS__2021 pdf Pension (mandated nanny state saving funds) vs GDP ratio for 2021 Five Eyes/Five Passport Group, Australia, $2,333 billion, 174.8% (CPTPP member, Nordic model), Australia's mandated large-scale savings started in the1980s under the Labor government. Canada, $3,080 billion, 192.5% (CPTPP member, Nordic model) United Kingdom, $3,564 billion, 135.1% (near CPTPP member, Nordic model) United States, $32,567 billion, 156.5% (I don't have data for NZ) Notice the Five Eyes group has similar pension assets to GDP ratio results Large-scale mandated savings funds enable the government to issue government bonds and large-scale bond buyer markets! EU Finland, $279 billion, 104.3% (Nordic model) France, $166 billion, 6.5% Germany, $548 billion, 14.5% Italy, $231 billion, 12.5% <----- PIIGS Netherlands, $1,900 billion, 214.4%, (Nordic model) Ireland, $197 billion, 49.4% <----- PIIGS Spain, $44 billion, 3.6% <----- PIIGS The EU lacks strategic savings coordination. Non-EU, Europe Switzerland, $1,163 billion, 164.3% (Nordic model) North America Mexico, $259 billion, 24.9% South America Brazil, $195 billion,14.3% Chile, $243 billion, 99.2% (CPTPP member) East Asia, South East Asia China, $285 billion, 1.9% Hong Kong, $199 billion, 58.3% Japan, $3,613 billion, 73.6% (CPTPP member) South Korea, $968 billion, 61.0% Malaysia, $279 billion, 83.0% (CPTPP member) South-Central Asia India, $184 billion, 7.1%
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@СергейШестаков-в9щ >It's a fact. Any foregin bank can't anymore come to USA and tell - here's your 10 billion USD - i want it in gold bullions, as you have promised. Reminder, US government debt is mostly owned by the US pension funds, and foreign banks are in the small minority. Countries like China are keeping the USD high relative to the RMB.
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@supernatural_forces >Many years back, the only reason why Libya/Gaddafi was invaded/attacked and Gaddafi was murdered because he was in the process of introducing Dinars and Dirhams (A Gold backed Currency) Your narrative is false. From OEC, Libya's 2019 oil exports, total $26.3 billion Italy = 18% China = 16% <------- LOL Germany: 15% Spain = 14.6% UAE= 5.73% France = 5.5% USA = 5.29%
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@vortexgaming6775 >Most countries back their currencies with gold reserves but America don't The US backed its military with gold. The US decoupled civilian and military-related economic factors. In the end, it's real firepower and logistics that win the hot war. The large-scale mandated pension savings among Five Eyes countries are about enabling the civilian side to buy large-scale government bonds to fund future potential total wars. Large-scale pension funds can invest in gold assets. From GPAS__2021 pdf Pension (mandated nanny state saving funds) vs GDP ratio for 2021 Five Eyes/Five Passport Group, Australia, $2,333 billion, 174.8% (CPTPP member, Nordic model), Australia's mandated large-scale savings started in the1980s under the Labor government. Canada, $3,080 billion, 192.5% (CPTPP member, Nordic model) United Kingdom, $3,564 billion, 135.1% (near CPTPP member, Nordic model) United States, $32,567 billion, 156.5% (I don't have data for NZ) Notice the Five Eyes group has similar pension assets to GDP ratio results Large-scale mandated savings funds enable the government to issue government bonds and large-scale bond buyer markets! Five Eyes for improved situation awareness and mandated pension savings are lessons from WW2. EU Finland, $279 billion, 104.3% (Nordic model) France, $166 billion, 6.5% Germany, $548 billion, 14.5% Italy, $231 billion, 12.5% <----- PIIGS Netherlands, $1,900 billion, 214.4%, (Nordic model) Ireland, $197 billion, 49.4% <----- PIIGS Spain, $44 billion, 3.6% <----- PIIGS The EU lacks strategic savings coordination. Non-EU, Europe Switzerland, $1,163 billion, 164.3% (Nordic model) North America Mexico, $259 billion, 24.9% South America Brazil, $195 billion,14.3% Chile, $243 billion, 99.2% (CPTPP member) East Asia, South East Asia China, $285 billion, 1.9% Hong Kong, $199 billion, 58.3% Japan, $3,613 billion, 73.6% (CPTPP member) South Korea, $968 billion, 61.0% Malaysia, $279 billion, 83.0% (CPTPP member) South-Central Asia India, $184 billion, 7.1%
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@supernatural_forces >Putin was forced to attack Ukraine. Firstly, Nato has been putting their offensive weapons at the doorsteps of Russia by justifying that they are saving Ukraine's sovereignty from Russian possible aggression That's a FALSE narrative. Read the Ukraine Constitution 1996, Article 17 that disallows foreign military bases after 2017. CONSTITUTION OF UKRAINE Adopted at the Fifth Session of the Verkhovna Rada of Ukraine on 28 June 1996 Article 17 The location of foreign military bases shall not be permitted on the territory of Ukraine. Yanukovych breached the Ukraine Constitution 1996, Article 17. After 2017, Ukraine's constitution is incompatible with foreign military bases hosting either NATO or CSTO. If Yanukovych didn't sign the military base rental extension, Russia would be kicked out of Crimea. Putin's narrative is FALSE. ---- In 2009, Venezuela buys S300 missiles with Russian loan while Putin complains about NATO's 2018 Aegis Ashore in Poland In 2018, Venezuela buys SU-30 fighter jets from Russia. The Cold War is back. The US needs to zero-sum this Russian BS. Date: March 4, 2021, Guyana Foreign Affairs and International Cooperation Minister Hugh Todd has said that two Venezuelan Sukhoi SU 30 fighter jets entered the country’s airspace.
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@supernatural_forces You argued "Many years back, the only reason why Libya/Gaddafi was invaded/attacked and Gaddafi was murdered because he was in the process of introducing Dinars and Dirhams (A Gold backed Currency)" conspiracy theory. From OEC, Libya's 2019 oil exports, total $26.3 billion Italy = 18% China = 16% <------- LOL Germany: 15% Spain = 14.6% UAE= 5.73% France = 5.5% USA = 5.29% Your conspiracy theory is debunked. On 16 August 2003, Libya formally admitted responsibility for Pan Am Flight 103 (Lockabie bombing) in a letter presented to the president of the United Nations Security Council. "On 10 March 2011, France was the first country in the world to recognise the National Transitional Council as the legitimate government of Libya". United Nations Security Council Resolution 1973 was adopted by the United Nations Security Council on 17 March 2011 in response to the First Libyan Civil War. The Security Council resolution was proposed by France, Lebanon, and the United Kingdom. Muammar Gaddafi played stupid games and win stupid prizes. The US supported France (EU)'s and UK (EU)'s, and Lebanon's United Nations Security Council Resolution 1973. NATO wasn't used until United Nations Security Council Resolution 1973 since it was vetoed by Turkey. ---
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@СергейШестаков-в9щ Who owns the US national debt as of Feb 2022. Foreign = $8T (China only has $1.11T) vs Fed Reserve = $5.79T Intragovernmental Holdings = $ 6.3T US banks = $ 4.68T US nonbank = $ 4.98T Subtotal: $ 22T Many large-scale pension funds park their money with US government bonds.
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@СергейШестаков-в9щ Reminder, Russia's inflation(15.1%, June 2022) is higher than the US's (8.525%, July 2022).
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@supernatural_forces You haven't realized the main reason for mandated large-scale pension savings funds that are operating in Five Eyes that enables large-scale government bond purchases.
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@supernatural_forces >he should repent Repent? Sorry, my religion doesn't advocate for multiple women as wives, hypocrite.
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@СергейШестаков-в9щ >Russia has 10000+ sanctions. Putin's Russia is a classic European imperialist power. European powers such as France, Spain, Germany, Portugal, Netherlands, and the United Kingdom lost their imperial empires. >How much sanctions USA has ? Before Euromaidan, Russia successfully used political and economic leverage to dissuade Ukraine from signing the E.U. deal. In the months prior to the Vilnius summit, Russian President Vladimir Putin engaged in a trade war with Kyiv, blocking nearly all imports from Ukraine and cutting energy supplies to the country. In turn, this reduced Ukrainian exports by 25 percent and shrank the economy by 1.5 percent. Ukraine Constitution 1996, Article 17, disallows foreign military bases after 2017. CONSTITUTION OF UKRAINE Adopted at the Fifth Session of the Verkhovna Rada of Ukraine on 28 June 1996 Article 17 The location of foreign military bases shall not be permitted on the territory of Ukraine. After 2017, Ukraine's constitution is incompatible with any foreign military bases hosting by either NATO or CSTO. Yanukovych breached the Ukraine Constitution 1996, Article 17. If Yanukovych didn't sign the military base rental extension, Russia would be kicked out of Crimea. Putin's narrative is false when Yanukovych breached the 1996 Ukraine Constitution's Article 17.
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@supernatural_forces >You have to read/ study if you want to go in depth. When the paper would be Devaluated to near 100% then Paper's value would turn to zero and system will collapse. It is propagated to us as Hyperinflation Learn the reasons for the Euro was created with a large 342 million population base Eurozone change demand factor for effectively renamed Deutsche Mark. As one of many major factors, the currency's worth is related to its usage demand. Learn from Sri Lanka when they run out of foreign currencies. Sri Lanka is a small nation, hence its currency means little to other countries. US Federal Reserve (USD) is also engaged in an official monetary union with several countries e.g. El Salvador and Ecuador, hence creating +354 million population USD zone. US immigration is part of increasing its currency's market base as an alternative to the imperialist annexing another country method. The UK lost its currency strength when the Sterling zone disintegrated via Commonwealth's Imperial Preference (custom union) was dismantled as a price for US supporting UK's WW2 adventures. Major Commonwealth members such as Australia and Canada switched from Sterling to Dollar based decimal currency after WW2. USSR's disintegration wasn't the 1st European empire to collapse. >Regarding polygamy, its actually better for women and the society. Preaching virtue while demanding repentance while supporting polygamy shows their own hypocrisy. Polygamy promotes selfish actions from a few men. I don't support the monopolistic behavior of some men who argues for polygamy. >Porn has a very devastating effect on men's psychology and their behavior towards women. Women's bodies don't change from porn to having a polygamy relationship i.e. many women as wives. Don't blame women for men's behavioral issues.
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@СергейШестаков-в9щ >How exactly does this data contests my claim of incoming hyperinflanion of USD? Your argument is hypocritical when Russia's inflation rate is higher than the US's.
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@СергейШестаков-в9щ >Ukraine constitution and laws are bullshit You can't handle the truth on Yanukovich's Ukraine constitution breach and Putin's interference in Ukraine BEFORE Euromaidan.
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@СергейШестаков-в9щ >Do you realise what hyperinflation Look at your own mirror, hypocrite.
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@СергейШестаков-в9щ Look at your own mirror.
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@СергейШестаков-в9щ 1. 1863–1864 January uprising, Russian Empire crushed Polish, Lithuanian, and Ukrainian insurgents uprising. 2. Soviet–Ukrainian War occurred between 1917 to 1921, a war between the Ukrainian People's Republic vs the Bolsheviks i.e. Ukrainian Soviet Republic and Russian Soviet Federative Socialist Republic (modern-day Russian Federation). These "old world" issues existed before the US being a superpower. The US's involvement with Ukraine is by Ukrainian descendants who fled the Soviet–Ukrainian War that occurred in 1917. The worst nightmare for Russia is when Polish and Ukrainians have influence over US firepower. Imperialist "Grand Duchy of Moscow" has been attempting to dominate the Slavic peoples for a long time.
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@СергейШестаков-в9щ >Oh so that somehow Pardons what benificiaries of Euromaidan did? How cute! Again, you can't handle the truth on Yanukovich's Ukraine constitution breach and Putin's interference in Ukraine BEFORE Euromaidan. According to the 1937 Soviet constitution, as amended in 1944, Ukraine had the right to “enter into direct relations with foreign states, to conclude agreements, and to exchange diplomatic and consular representatives with them” and to maintain its own military forces. Like the Russian SFSR, the Ukrainian SSR retained 'the right of free secession from the USSR' (art 69). Putin's Russia is land grabbing like old-school Imperialist Russia.
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