Comments by "MSD Group" (@MSDGroup-ez6zk) on "Geopolitical Economy Report"
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where did you buy Chinese goods from? Amazon?
If you 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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@katiecannon8186 To illustrate this, I will take an example from Indonesia (not my country).
Let say, Freeport McMoran pays me 10 million Rupiah/month.
1. In 1969, 1 USD = 7.5 rupiahs. Thus, Freeport has to 10 million/7.5 - USD 1.3 million/month
2. In 1997, 1 USD = 2000 Rupiahs. Thus, Freeport has to pay 10 million/2000 = USD 5,000/month
3. Now, in geopolitics, 1 USD = 16,800. Thus, Freeport has to pay 10 million/16,800 = USD 595.
Imagine how great the saving is when the USD has been manipulated.
Freeport obligation to pay wages has dropped from
USD 1.3 million --------------------> USD 595
While the golds are sold in USD. Is it inflation? Nope, but manipulation.
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@shambalkaran9258 Can you imagine how poor a country is after the USD is being manipulated since 1960?
For example, Indonesia - not my country.
In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year
Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
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@mariaaballi-gonzalez3716 Can you imagine how poor a country is after the USD is being manipulated since 1960?
For example, Indonesia - not my country.
In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year
Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
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