Comments by "MSD Group" (@MSDGroup-ez6zk) on "Sean Foo" channel.

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  11. If you see the 18 April 2024 Bloomberg report. China, India and Indonesia contributions to the world economic has been increasing sharply. China now supports 21% of the world's economic growth, India has 14%, the USA is only 11% and Indonesia is 3.7% while European countries contribution is about 0.1 1o 1% only. This figure shows that the world doesn't need the USA and European anymore. Trading in between China, BRICS and global souths is enough. Now the USA exports inflation world wide through petrodollar. This inflation would make your country poorer than before. For example in Indonesia (not my country), in 1997, 1 USD = Rp 2,000. When Soros came 1 USD = Rp 16,800. This means overnight when the USD was manipulated, Indonesians wealth's were dropped by Rp 16,800/Rp 2,000 = 7x. The question is why do you want to trade with the USA if the USD is manipulated and makes you poorer instantly. As petrodollar is being used now, thus it is good to find countries who sell their oil not in the USD. If you buy oil from countries who sell in the USD, you just make your countries poorer. Mahathir when he was a Malaysia PM, he found a brilliant way to beat Soros. He asked all entrepreneurs in Malaysia to bring the USD back while he reduced the demand of the USD by prioritizing who can exchange Ringgit with the USD such as Malaysian students overseas. This Mahathir's way then was adopted by China nowadays. When the USD is manipulated, kill it by reduce the demand. When no one buys it, it will drop significantly. Remember, when you trade using the USD, you just make your own family poorer then before
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  41. I will give you an example how danger it is the USD manipulation. I will give you an example from Indonesia. Indonesia is not my country but what Soros did there was interesting due to the catastrophic he made after manipulating USD. 1. Wages. Let say Freeport McMoran paid me Rp 10 million/month for my wages. a. In 1969, 1 USD = Rp 7.5. Thus Freeport McMoran has to prepare Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month wage. b. In 1997, 1 USD = Rp 2,000. Thus, Freeport McMoran has to prepare Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month wage. c. In 1998, Soros came. 1 USD = Rp 16,800. Thus, Freeport McMoran has to prepare Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month wage Gees Freeport reduced its obligation USD 1.3 million/month/person --------------------------------------------->USD 595/month/person while the workers only have 1 life only. You can see how USD manipulation can save Freeport pocket deeply. By manipulating USD, Freeport McMoran can save USD 1.3 million - USD 595/USD 595 = 99.99% expenses on wages while Freeport has experienced 100% of sales were in USD and sent directly to the USA from its buyers and the increment of gold price. 2. Debts. According to Rizal Ramli, ex Indonesia ministry, the total debts of Indonesia in 1997 was USD 366 billion. In 1997, 1 USD = Rp 2,000. thus total Indonesia debts in local currency were USD 366 billion x RP 2,000 = Rp 732 trillion. In 1998, Soros came, 1 USD = Rp 16,800. Thus, the total debts of Indonesia in 1998 became USD 366 billion x Rp 16,800 = Rp 6,148 trillion. Gees, thanks to Soros, Indonesia total debts Rp 732 trillion -------------------------------------------------------------> Rp 6,148 trillion. This is a gain of Rp 6,148 trillion - Rp 732 trillion = Rp 5,416 trillion. now compare to what Suharto has corrupted. In 1997, Indonesia spent Rp 100 trillion for its budget that year. If 30% of Indonesia spending was corrupted by Suharto, he would receive Rp 100 trillion x 30% = Rp 30 trillion/year. If Suharto has corrupted for 30 years, this means he has earned Rp 100 trillion x 30% x 30 years = Rp 900 trillion. Now you can compare which one was the worse one, the Suharto corruption vs the Soros USD manipulation? Rp 5,416 trillion vs Rp 900 Trillion?
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