Comments by "MSD Group" (@MSDGroup-ez6zk) on "Germany’s Deindustrialisation Explained" video.
-
11
-
3
-
3
-
3
-
2
-
2
-
1
-
USA has de-industrilisation? LOL, you must be joking.
FYI, the USA has signed an agreement with Saudi Arabia for petrodollar. This means all Saudi petrol will be sold in the USD only and its profit will be invested in the USA. That's why the USA has shifted its industry from train rails based into more cars, commercial jets etc that need more petrol.
Imagine in the 1960s only 9 million cars. If the USA had produced cars by itself since that time, it would be impossible for the world to have 1.4 billion cars today. Hence the USA has to share its technology with its allies, mostly to its allies who can produce things cheaper and faster, and the same time prevent its technology be shared with other countries that are not the USA allies. That's why nowadays the technology behind cars is mostly the same. GM has given its technology to South Korea and Vietnam.
Imagine 1.4 billion cars worldwide rely on petrol made by ExxonMobil etc.
The worst thing is if you see the USA's democratic history, every time the Democrat party won, ExxonMobil etc would hit a new net profit record in human history, thanks to the Petrodollar and the USD status as the world's only currency.
How the Exxon hit a new net profit record?
When the Democrat party wins, they will always start with wars. When a war is created, thanks to Brent and Texas Crude oil, the oil price will increase. Thus the increment of oil price will increase every goods/services related to petrol such as wages. Thus inflation occurs worldwide including in the USA.
When inflation increases, the Fed will increase its interest rates. Thus people like us who rely on loans should take 2nd jobs etc to keep the goods we buy like a house, a car etc. To do do 2nd job, you need more petrol. Thus the petrol demand will increase further. The net profit becomes greater if the USA and its allies in the Middle East control its oil supplies.
Meanwhile, the net profit of ExxonMobil is good for the USA economy, this is bad for the world as it will increase the CO2 gas emission worldwide.
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
@marcoottaviano527 yup agree. This is on purpose too. Why?
See the USA's democratic history. Every time the Democrat party wins, ExxonMobil etc will hit a new net profit record.
How could this happen? Petrodollar. A petrodollar is an agreement between the USA and Saudi Arabia where Saudi will only sell its oil in the USD and then it will invest its profit to the US. Thus the higher the petrol price, the higher the USD.
the world policy on the USD as its only main currency also plays an important role.
To implement this agreement, the USA has shifted its industry from train-based to more private cars, commercial jets etc. FYI, in the 1960s, only 9 million cars were owned in the world. Now, 1.4 billion cars are in the world. You can see a huge demand for oil every day.
When democrat party wins, the USA will always involve in any war.
Thus it will trigger the oil price increase. This price increment will trigger other goods to increase too such as wages. Thus inflation occurs world wide including in the USA.
To control this inflation, the Fed will increase its interest rates.
People like me and you including society with debts or public debts will suffer. To keep the goods we have from loans such as a house, people will take 2nd jobs. Thus the demand for oil increases.
When the world demand for oil increases, ExxonMobil tandem with the manipulation of the world oil supply, will hit a new net profit record in human history.
The worst one is, that the richer ExxonMobil is the more Co2 emission is created.
1
-
1
-
1