Comments by "MSD Group" (@MSDGroup-ez6zk) on "Wendover Productions"
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@Kun..07 Bro, you have to understand how the petrodollar works. It is not stable but it has been manipulated to non-USA allies. The USA has mechanisms to manipulate its currency's values such as Swift codes and economic sanctions.
When countries trade to others using swift codes, they have to open their bank accounts in the USA. So when China wants to buy goods from India. China exchanges its currency to the USD in China and then brings this USD to the China bank account in the USA thus transferring this money to India's bank account in the USA. Soros and Goldman Sachs have used this technology.
That's why by using the above system, the USA knows which month a country needs the USD more than the other 11 months in a year.
For example
1. USA allies
a. the UK - 1 USD = 1 Pound
b. European - 1 USD = 1 Euro
c. Jordan - 1 USD = 0.3 Jordan dollar
d. Singapore - 1 USD = S$1
e. etc
2. Non-USA allies
a. Indonesia. In 1969, 1 USD = Rp 7.5. In 2017, 1 US D= Rp 2000. In 2018 when Soros came, 1 USD = Rp 16,800.
b. Iraq, in Saddam's era 1 USD = 0.3 Iranian dinar. Now 1 USD = 1400 dinar after the US sanctions.
c. Venezuela. Last year 1 USD = 2,722 Venezuelan Bolivar. Now 1 USD = 1.5 million Bolivars thanks to the US sanctions
d. iran. Last year 1 USD = 21,000 Iranian Real. Now 1 USD = 42,000 real.
The question is why the USD is only stable in its allies?
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@Kun..07 If you want to see how the USD is manipulated by using a petrodollar, you can see the sample below.
Petrodollar is an agreement between President Nixon and King Abdullah from Saudi Arabia. With this agreement, Saudi sales its oil only in the USD and invest the profit to the US. Meaning when the oil price is high, the USD is high in value too but not vice versa.
If you see 20/20, a US TV program, where the US 20/20 anchor interviewed Shah Iran, Nixon stated that in 1970, the USA had the biggest FDI in the world which was about USD 500 billion from Saudi Profit on its oil sales.
When the USA is in war, thanks to Brent (the UK) and Texas (the USA) crude oil index, Saudi and many oil producers sell their oil with the same volume but at higher prices. Those indexes keep telling the world due to the war, the supply of oil is in danger. But actually every day, there will be new oil minings found in the world.
Thus when the USA is at war, anything related to the oil such as transportation, wages etc will increase. This gives pressure on all local currencies in the world and triggers inflation.
The pressure on local currencies is getting worse when the USD value is increasing too thanks to the petrodollar. The cost of borrowing monies like Sri Lanka has experienced and the cost of importing goods will increase too. Thus, this gives pressure on local currencies and triggers inflation. The USA is no exception.
To control US inflation, the Fed will increase its rates. Thus this will give extra pressure on local currencies as the USD will go back home. This you can see from the US inflation rates since the war began.
To maximise the profit from the war, the USA will escalate the war so it creates fear in countries surrounding the targeted country to request security from the US such as buying weapons etc. For example, Europe's debts doubled this year during the war compared to during the Covid19. The same thing happens to Taiwan too.
When the contracts have been signed, the money flew to the USA. This will reduce the inflation rate in the USA and increase its economic growth like you can see now.
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@jorgeamadosoriaramirez8953 the problem is the US is creating systems that manipulate the world for its own interests.
Once, The UK ex PM, Winston Churchill, has stated "to control a country, control its energy. To control the world, control its currency".
The UK controlled the world energy through colonized nations that are rich in natural resources like the USA (the USA is the richest country on earth on its natural resources), Canada (the fourth richest country on earth on its natural resources), Australia (the eighth richest country on earth on its natural resources), South Africa has the biggest diamond mining on earth, etc.
Because of this, the pound was the most powerful currency on earth up to the 1970s.
The USA manipulates the system through Bretton Wood which has forced the world to use USD. By using the Petrodollar agreement, the USD is pegged against the oil price. To support this petrodollar policy from trains and mass public transport systems to cars and any petrol consumers policy. The US then forced the world to create roads and globalisation to sell more cars, jets etc in order to support the petrodollar agreement. The result of this policy is global warming. CO2 from cars is the 2nd largest gas contributing to global warming. And what the USA has done to this wrongdoing? Nothing. Even the USA has not asked to apologise for this to the world. Many countries lost their lands due to global warming and have experienced every day tornado alikes.
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