SG.gov should get Brunei to help defend her SGD.
-
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.
Serious Singapore spend so much USD to prop up SGD?
- Thread starter hbk75
- Start date
Why not allow the SGD to float to $1.60
$1.69 will be perfect.
1. The ROOT of currency fluctuations now are caused by RUS aggression in UKR. RUS did NOT just simply decided to militarily roll in UKR overnite. It was LONG planned, as far back as 5yrs ago. RUS planners took into account most aspect of the war - socially & economics, not just militarily, & rehearsed for years with trial balloons sent over the yrs before making its move into UKR.
In terms of economics, wars are highly expensive & can run into trillion$. Thus its need to bring down the US dollar so that it can pay for troops & equipment - material & parts from local & foreign sellers by rising its roubles. PrezPutin alone is believed to have a net worth of US$40billion & most are believed to be in US currency. All he needs to do is just throw US$1billion into the currency market - sell US dollars to buy RUS roubles, & traders will follow suit to sell US dollars & buy RUS roubles which will see the rouble rise, as happened.
This is just one aspect of the economic war that RUS had waged not just on US but also on all Humanity in terms of oil & resources. However, its liner thinking planners had made a mistake in presuming Humankind will just roll over & be enslaved.
2. RUS is not the only nation with resources. Others too have resources & Humanity turned instead to ALTERNATIVES. US already long knew RUS plans, & made preparations. The FED rate hike was not meant to curb exuberant spending. It was meant to curtail RUS efforts to bring down the US dollar. As US dollar is the currency reserve of the World, based upon its democracy, Rule of Law & military might, many would throw their savings into safe & strong US than other currencies, even PRC citizens with cash under their pillows. The FED rate hike was to ensure such happens, with more returns on savings to attract savers. With the rush to turn savings into US dollars, it propped up the US dollar naturally.
3. Singapore too has US currencies in its national currency reserves. It is monitored regularly by finance professionals, to buy & sell when the rates are favorable, akin to money changers, & had long profited by such measures. Today, they may had spent huge amounts to sell the US dollar to buy the S$dollar in order to prop up our own national currency, it had merely used such profits to do so. It had lost nothing, as there is still S$billions EXCHANGED for US dollars, & may even had profited.
4. Japan, Malaysia & other nations had watch their own $ dollar devalued against the US dollar. It may had been INTENTIONAL, as they are EXPORTING nations. By keeping their dollar low, their export would flow & revenue earned, more so in post covid era. As they are agrarian societies, they would be self sufficient to keep their citizens fed without or with minimal IMPORTS, mostly only needed by the rich such as mercz, BMWs, etc.
Singapore has little exports & furthermore protected by fair trade agreements, with its strong S$ dollars, most citizens & biz entities will not suffer much, with much to gain instead. Thus, there is no need to over fear.
As US is an exporting nation, it will worry if their US dollar rise too much, making their exports expensive & creating loss of jobs in US. The FED is watching closely, & any further rate hike will be only to help end the war in UKR. Rate hikes are only just one tool, there are MANY other tools to use. The RUS planners should be sacked. If they had lived during ancient times, they would be beheaded for their failures, to fool PrezPutin into thinking it can win the war in UKR & RUS be a World leader.
In terms of economics, wars are highly expensive & can run into trillion$. Thus its need to bring down the US dollar so that it can pay for troops & equipment - material & parts from local & foreign sellers by rising its roubles. PrezPutin alone is believed to have a net worth of US$40billion & most are believed to be in US currency. All he needs to do is just throw US$1billion into the currency market - sell US dollars to buy RUS roubles, & traders will follow suit to sell US dollars & buy RUS roubles which will see the rouble rise, as happened.
This is just one aspect of the economic war that RUS had waged not just on US but also on all Humanity in terms of oil & resources. However, its liner thinking planners had made a mistake in presuming Humankind will just roll over & be enslaved.
2. RUS is not the only nation with resources. Others too have resources & Humanity turned instead to ALTERNATIVES. US already long knew RUS plans, & made preparations. The FED rate hike was not meant to curb exuberant spending. It was meant to curtail RUS efforts to bring down the US dollar. As US dollar is the currency reserve of the World, based upon its democracy, Rule of Law & military might, many would throw their savings into safe & strong US than other currencies, even PRC citizens with cash under their pillows. The FED rate hike was to ensure such happens, with more returns on savings to attract savers. With the rush to turn savings into US dollars, it propped up the US dollar naturally.
3. Singapore too has US currencies in its national currency reserves. It is monitored regularly by finance professionals, to buy & sell when the rates are favorable, akin to money changers, & had long profited by such measures. Today, they may had spent huge amounts to sell the US dollar to buy the S$dollar in order to prop up our own national currency, it had merely used such profits to do so. It had lost nothing, as there is still S$billions EXCHANGED for US dollars, & may even had profited.
4. Japan, Malaysia & other nations had watch their own $ dollar devalued against the US dollar. It may had been INTENTIONAL, as they are EXPORTING nations. By keeping their dollar low, their export would flow & revenue earned, more so in post covid era. As they are agrarian societies, they would be self sufficient to keep their citizens fed without or with minimal IMPORTS, mostly only needed by the rich such as mercz, BMWs, etc.
Singapore has little exports & furthermore protected by fair trade agreements, with its strong S$ dollars, most citizens & biz entities will not suffer much, with much to gain instead. Thus, there is no need to over fear.
As US is an exporting nation, it will worry if their US dollar rise too much, making their exports expensive & creating loss of jobs in US. The FED is watching closely, & any further rate hike will be only to help end the war in UKR. Rate hikes are only just one tool, there are MANY other tools to use. The RUS planners should be sacked. If they had lived during ancient times, they would be beheaded for their failures, to fool PrezPutin into thinking it can win the war in UKR & RUS be a World leader.
Abit cool story. Where got dump 1 billion will cause rubles to go up and USD to drop. U know USA printed how much 1 billion dollars over the years? Also USA got export wat? Likely is export inflation to the work only.
All globalist central banking system kaki lang, nothing to win or lose. Think of it as a friendly football match.
1. It is estimated that $1 trillion dollars are exchanged in various currencies DAILY in currency markets worldwide. With FINancial TECHnologies, billion$ can be traded at light speed thru the click of a mouse with proper regulations in place.
In currency markets, the fluctuations can be wild. Just with a mere $1000 deposited in forex, one can make 30% in returns within just one day at the right time when those who throw hundreds of millions such as companies, sovereign wealth funds or individuals with deep pockets to move the markets up or down during the trading day, not just one time but a few times daily.
Other traders when combined Worldwide would have trillion$ to seize the opportunity, & rush in to capitalize inorder to make that 30% ROI DAILY, far BETTER than saving in banks which only pays an average 2-3% ANNUALLY. Thus, the currency movements.
Equally, one can lose 30% if the day's trade is entered not in one's favor. Currency trading is NOT for the timid & those who can't afford to lose their hard earned money.
2. USA is a Rule of Law country & does NOT simply print money as it wishes, or else it would end up as a banana republic. Each US$ printed is BACKED by USA's nett worth, & payable thru the treasury bonds it holds for interests to depositors according to the terms & conditions of those treasury bonds. The annual GDP of USA is $25 Trillion a year, & its debts are $30 Trillion. There is enough to pay off treasury bond depositors for interest, after allocating its annual budget which can be streamlined if it wishes to beat inflation. Should it be unable to pay off its debt, how much would selling Manhattan Island fetch? It would be trillions as it is near NY strategic port.
USA, being a highly developed & resource rich nation, produces & exports much of trade goods & services to the World, even oil, as well as being consumers of imported goods, thus its trillion dollar GDP.
Lol. USD is backed by guns. Seems like now ppl start to realized that u can print money but cannot print oil and gas.
Its kiasu. Cannot lose.
But think of how much more rich people from neighbouring countries will be dumping their worthless currencies for S$.
But think of how much more rich people from neighbouring countries will be dumping their worthless currencies for S$.
This is the next big show .... Europe, UK and Japan already saw money printer USA's inflation get exported to them. But they are still US allies so they are swallowing cum in silence.
Sinkapore is just a small player when the other big economies like Brics start to ditch the greenback.
Saudi and the camel posse have already signalled which side they're going to choose when the global coordinated USD sell off happens.
Buy gold
Sinkapore is just a small player when the other big economies like Brics start to ditch the greenback.
Saudi and the camel posse have already signalled which side they're going to choose when the global coordinated USD sell off happens.
Buy gold
U see saudi actions recently seems like wanna de dollarize already. Dump ust and also closer to china and russia
They're deliberately crashing the world economy then use it as a pretext to usher in their one world digital currency... tied to your social credit score.
The blueprints and patents are already out there.
The problem is the US has been printing money like toilet paper and there's no solution to reverse that ... And they are using it for sanctioning opponents. MBS knows he's on the USA's kill list so it's an additional incentive to bet on the BRICS bloc.
This is the state of the chess pieces on the board. Everyone will wait and see the US mid terms reaults in November before the next move
I thought saudi wanna invite Winnie the Pooh to saudi and then sell them oil in RMB? If petrodollar status gone USA will become beggars
It would be unwise if traders & investors ditch the US dollar, because:-
1. Most of huge funds from nations & individuals had been dumped upon US treasury bonds. It pays out in US dollars, as per terms & conditions. If the US$ drops or devalue, those investors would see a loss in their savings, example:- Today US$ is at US$1.5 when bought. if US$ drops to US$1, then the investor would had LOST 50cts to each dollar. When extrapolate into millions, investors would cry. And USA would heave a sigh of relief of not needing to pay so much dividends on interest while living on its initial gains.
Equally, with a lower US$, its exports will become cheaper to the World, leading to even higher GDP & jobs creation. It does not need imports as it is one of the rare self sufficient nation on Earth. Next is Australia - it's not called the lucky country for nothing & China eyes big time on it for its rich resources.
2. Any nation is free to set up as the Worlds reserve currencies, including BRICS nations. But how trustworthy & abiding to the Rule of Law & economic strength, let alone military might, are they? China? - with billions of hard earned savings siphoned off in corruption & scams? Let's not even talk about the other nations within BRICS, as they are prideful & sensitive, & would rather live & sell delusions than realities to genuine investors. Who next to be World's reserve currencies, acrimonious & high unemployment EU?
3. Gold or other commodities such as oil, steel, etc are often proven investment choice. However, can one eat gold, or carry sufficient commodities to feed oneself let alone loved ones for life?.
Imagine if you are out in the desert or a dystopian future & need a drink. You have gold or whatever tradable stuff alone on you. You saw an African herder approach you, with water, but demanded batter trade - your gold for a cup of water, your choice. For sure, a brick of gold is worth more than a cup of water & he for sure will have no change for that gold brick. Your choice - to die of thirst or to die from starvation from the loss of your commodity.
Ultimately, it is still a form of monetary system - lightweight paper with true value reflected on it, trustworthy & exchanged according to international norms - would be a better system & needed for trade & progress to flourish, than heavy material goods alone on one's body, home or nation.
Last edited:
I don't think China wants to become the new reserve currency of the world. China is not ready and they still want to control the Yuan centrally. It's too big a role to fill after the debt fuelled USD has been running the world economy for decades. Moreover, USA is still an important market for Chinese exporters. Unless the Democrat neocons overplay the Taiwan card, China would still want USA as a trading partner.
But Saudi moving away from the petrodollar arrangement looks likely. Besides the diplomatic fallout between MBS and Democrats, Chinese petroleum import will only increase as they develop. US can only hit the Saudis on weapon sales used against Iran and Israel. Russia or China can fill that space
Brics says wanna create a combined currency like sdr. So will be pegged to commodities. Amdk happy printing money but never realized that they cannot print oil and gas.
Similar threads
