With inflation high and oil prices crossing US$100 soon, is Fed trying to export inflation by engineering a stronger USD?
-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
Global US-Dollar Shortage - Are We Already in a Recession?
- Thread starter Byebye Penis
- Start date
spot on!
US is world top oil producer
US Gov Shut-down may be immient if last ditch talk fail this Sat morning.. Next 70hr is cruical
Oh please. They've been playing this game for ages.
Either they will come to an agreement before or soon after the deadline.
So when the real thing cum, nobody can point finger at these AMDK wolves mah... Just look at how they stir their "Forever War" around the world
Dollar Surge Is Bringing ‘Pseudo Tightening’ to Southeast Asia
https://www.bloomberg.com/news/arti...-bringing-pseudo-tightening-to-southeast-asia
Yeah...u see our oil pump price, GST and water price trend, u know we are tightening
Southeast Asian central banks are using tools other than rate hikes to defend their currencies against the surging dollar as bets on higher-for-longer Federal Reserve rates take hold.
Indonesia is keeping a tight leash on liquidity by selling bills while Malaysia’s interbank rate has risen to the highest since July. The shift comes despite earlier calls for peak rates in Southeast Asia as the threat of food and energy-related inflation pressures as well as elevated Fed rates spur caution.
Indonesia is keeping a tight leash on liquidity by selling bills while Malaysia’s interbank rate has risen to the highest since July. The shift comes despite earlier calls for peak rates in Southeast Asia as the threat of food and energy-related inflation pressures as well as elevated Fed rates spur caution.
June play was US Debt, now plays close shop, Nov plays share market sell out
Now main show is Gold Makan by Central Banks at record good price below 1900 sirpok level
It is an open secret since day1
No choice...because US has become one of world top producer for oil
https://www.google.com/amp/s/oilpri...-Offset-By-Booming-US-Oil-Production.amp.html
OPEC+ Cuts Offset By Booming U.S. Oil Production
By Tsvetana Paraskova - Sep 25, 2023, 7:00 PM CDTDespite the fact that U.S. oil producers are now deploying the lowest number of drilling rigs in more than a year and a half, America's crude oil production is set to hit a monthly record in September-at 13 million barrels per day (bpd), according to estimates by Rystad Energy.
Production growth has slowed due to the discipline U.S. shale producers have shown in the past two years, but a slower increase still means that output is headed higher, the energy research firm says, as carried by The Wall Street Journal.
The expected monthly record in September will match the record output from November 2019, the only other month in which U.S. production hit 13 million bpd-just a few months before the pandemic crippled demand, sank oil prices and led to production cuts across the board.
U.S. crude oil production is set to increase even more until the end of the year, with October and four-quarter output estimated to average 13 million bpd-13.1 million bpd, according to Rystad Energy's analysis based on regulatory filings, satellite imagery, and pipeline flows.
Even at a slower pace, American production is growing and offsetting part of the OPEC+ cuts, although the extended Saudi and Russian supply reductions are set to tighten the global oil market more than previously expected.
Asean can easily sell their products using local currency. Otherwise they will face inflationary pressures. And peg each to other's currency at a fix raterate
So if one falls, all fall, if one rises, all rise.
Then, we will be back in 1960-70 the pre globalization years... Gxgx Cik for this brilliant idea
https://thediplomat.com/2022/11/why-asean-needs-a-region-wide-digital-payment-system/
Asean kickng start the action plan in may2023
https://www.aseanbriefing.com/news/...nsactions-reducing-reliance-on-the-us-dollar/
https://thediplomat.com/2022/11/why-asean-needs-a-region-wide-digital-payment-system/
Asean kickng start the action plan in may2023
https://www.aseanbriefing.com/news/...nsactions-reducing-reliance-on-the-us-dollar/
https://www.google.com/amp/s/www.cn...-unity-with-new-regional-payments-system.html
That's according to each country's respective central bank.
The move comes after the five Southeast Asian countries signed an official agreement late last year. At the recent ASEAN summit in May, leaders also reiterated their commitment to the project, pledging to work on a road map to expand regional payment links to all ten ASEAN members.
The scheme is aimed at supporting and facilitating cross-border trade settlements, investment, remittance and other economic activities with the goal of implementing an inclusive financial ecosystem around Southeast Asia.
Analysts say retail industries will particularly benefit amid an expected rise in consumer spending, which could in turn strengthen tourism.
Regional connectivity is considered crucial to reduce the region's reliance on external currencies like the U.S. dollar for cross-border transactions, particularly among businesses. The greenback's strength in recent years has resulted in weaker ASEAN currencies, which hurts those economies since the majority of the bloc's members are net energy and food importers.
That's according to each country's respective central bank.
The move comes after the five Southeast Asian countries signed an official agreement late last year. At the recent ASEAN summit in May, leaders also reiterated their commitment to the project, pledging to work on a road map to expand regional payment links to all ten ASEAN members.
The scheme is aimed at supporting and facilitating cross-border trade settlements, investment, remittance and other economic activities with the goal of implementing an inclusive financial ecosystem around Southeast Asia.
Analysts say retail industries will particularly benefit amid an expected rise in consumer spending, which could in turn strengthen tourism.
Regional connectivity is considered crucial to reduce the region's reliance on external currencies like the U.S. dollar for cross-border transactions, particularly among businesses. The greenback's strength in recent years has resulted in weaker ASEAN currencies, which hurts those economies since the majority of the bloc's members are net energy and food importers.
https://www.google.com/url?sa=t&sou...AQFnoECDAQAQ&usg=AOvVaw2wwfmPggHBJ4TTdUkQSsmq
More read up for those interested
More read up for those interested
Similar threads
