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Volker R. 🇩🇪
Econ Lessons
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Comments by "Volker R. 🇩🇪" (@volkerr.) on "BRICS Expansion u0026 Challenge to United States Dollar? Simply No." video.
Though Turkey - not the bird 😂 - is in NATO - they’ve tried to mess with USA regarding military equipment etc. They’ve ended up with high inflation and a dysfunctional state. 😅
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@ThomasTomiczek no. It’s Moscow and St. Petersburg. 2/3 of Russian population (not people) live in more or less rural areas or in local towns… on low standard and low income
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It’s all about trust. And Russians don’t even trust each others. Nor does anybody else trust Russia. Nor do these totalitarian leaders trust each other. So that’s all we need to know how it will end up… 😂
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Polish Zloty is fixed to the Euro. So it’s basically Euro 😊 Aber es stimmt. Der Zloty ist stabil 👍🇺🇦💪
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@EconLessons you’re a bit too focused on Poland. Poland is nice but it’s not strong enough to stay without EU.
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BRICS was an invention by British Jim O’Neill - former chief economist of Goldman-Sachs (both German names btw.😊). It was meant as marketing gag to push their mutual funds sales..😎
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It’s good to have BRICs out there. That shows the world it’s better to rely on western currencies, especially the US Dollar and the Euro 😜 Simply because it’s free markets behind them..
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In USA there is no social system protecting you - other than in Germany. We unfortunately have such a system that you’ll get all you need, even when you don’t work. And guess who has to pay for all those „refugees“ and lazy ones…😮😩
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