Comments by "MSD Group" (@MSDGroup-ez6zk) on "‘We do not have a problem with China’: Malaysian Prime Minister Anwar Ibrahim" video.
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@rainieresguerra-uw7on LOl have you experienced call the US debt trap?
Only the USA allies have a better currency.
A. USA allies
a. The UK - 1 USD = 1 Poundsterling
b. the European - 1 USD = 1 Eiuro
c. Singapore - 1 USD = 1 Singapore dollar
d. Jordan - 1 USD = 1 Jordan dollar
e. etc
B. Non-uSA allies
a. Iraq. In the Saddam era, 1 Iraqi dinar = 3 USD. Now 1 USD = 1400 dinar
b. Indonesia. In 1969, 1 USD = Rp 7.5 but after getting closer to the USA, soros came and 1 USD = Rp 16,800 in 1998.
c. Venezuela, in 2023, 1 USD = 2,722 Venezuelan Bolivars. Now 1 USD = 31 million Bolivars.
d. Iran, every year, the USD has been manipulated 2x value.
e. etc
Imagine you are living in Iraq and Iraq has USD 1 million debts. In the Saddam era, USD 1 million debt would equal USD 1 million * 0.3 dinar = 333K dinar. Now 1 USD = 1400 dinar. It means, its USD 1 million will be worth to USD 1 million x 1400 dinars = 1.4 billion dinars. Can you see that by manipulating USD, Iraqi debts in local currency have increased by 1.4 billion/333K = 4,240 % overnight?
Imagine, your father is living in Venezuela. He has a heart disease and requires USD 10/month for his illness medicines that are imported directly from the USA.
In 2023, 1 USD = 2,722 Bolivars. It means he needed to work hard to get USD 10 x 2,722 Bolivars = 27,220 Bolivars to get his USD 10 medicines.
Now 1 USD = 31 million Bolivars. It means that a year later he has to work hard USD 10 million x 31 million Bolivars = 310 million Bolivars.
My question is how hard people can work to buy medicines worth 310 million Bolivars that used to be only 27 K bolivars or an increment of 11,388% in price in a year?
Imagine you work in the Freeport mining in Papua Indonesia. It pays you Rp 10 million/month as a wage.
a. In 1969, 1 USD = Rp 7.5. It men's Freeport has to prepare Rp 10 million/Rp 7,5 = USD 1.3 million/month as your Rp 10 million/month wage.
b. In 1997, 1 USD = Rp 2,000. It means Freeport has to pay Rp 10 million/Rp 2,000 = USD 5,000/month as your Rp 10 million/month wage.
c. In 1998, Soros came and 1 USD = Rp 16,800. It means Freeport has to prepare Rp 10 million/Rp 16,800 = USD 595/month as your Rp 10 million/month wage.
can you see by manipulating the USD, Freeport can save USD 1.3 million/USD 595 = 2,184% on monthly wages?
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