Comments by "MSD Group" (@MSDGroup-ez6zk) on "DW News"
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I have seeen all financial statements and balance sheet from countries who use dollarisation. One thing that those countries have the 2nd same mistakes, rely on a country. When they have decided to use dollar, they have to generate the dollar that they dont produce their own. Hence they have to borrow money and generate their own from their markets. As the USD is one of the most expensive currencies and mostly it is manipulated, it will mostly create troubles for export. That's why their import mostly higher than exports, their debts are higher than others and the bad thing is if they fight with the USA, the USA can play on the USD supply.
Stable? Their data doesnt show the impact of the fed interest rates.
If there are other world currencies sell cheaper than the USD, why does Argentina use dollar? Argentina can also look at ASEAN who mostly use local currencies to imports goods and borrow money in their own currencies. Hence they see USD is just like other world expensive currencies like Pound. No matter how expensive the USD is, it won't broke them. When the USD is going down, their GDP automatically increase like today as all goods, income etc thanks to Breyton wood are measured in USD. If the USD drops in value, all countries in the world who don't use USD can pay debts faster and be rich.
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I have seeen all financial statements and balance sheet from countries who use dollarisation. One thing that those countries have the 2nd same mistakes, rely on a country. When they have decided to use dollar, they have to generate the dollar that they dont produce their own. Hence they have to borrow money and generate their own from their markets. As the USD is one of the most expensive currencies and mostly it is manipulated, it will mostly create troubles for export. That's why their import mostly higher than exports, their debts are higher than others and the bad thing is if they fight with the USA, the USA can play on the USD supply.
Stable? Their data doesnt show the impact of the fed interest rates.
If there are other world currencies sell cheaper than the USD, why does Argentina use dollar? Argentina can also look at ASEAN who mostly use local currencies to imports goods and borrow money in their own currencies. Hence they see USD is just like other world expensive currencies like Pound. No matter how expensive the USD is, it won't broke them. When the USD is going down, their GDP automatically increase like today as all goods, income etc thanks to Breyton wood are measured in USD. If the USD drops in value, all countries in the world who don't use USD can pay debts faster and be rich.
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