I was told, brics currency will be backed by commodities from all member countries,
USD is backed by xerox and HP and Epson printers
I was told, brics currency will be backed by commodities from all member countries,
cny is backed by hell notes.USD is backed by xerox and HP and Epson printers
cny is backed by hell notes.
Easy to use so what? USD being used as a weapon Liao. Dun u know china and Saudi Arabia are quickly off loading their ust
ccp ordering prc banks to offload usd now as cny is climbing well over 6.9. but order is only effective within prc. same prc banks outside prc are buying up usd instead. lol! truly phucked up.
USD is backed by xerox and HP and Epson printers
it's backed by yankee military which protects dictatorial al suuud regime and other petro states like uae kuwait qatar oman bahrain etc while the most technologically advanced and rich countries like oecd members (excluding oddballs like turkey or mexico) are also fully under yankee tutelage, they'd back yankee no matter what they do did or will do.
slanty tiongs only good at copying, even then, they fail most of the time.
to be fair, this is true for all slanties, not limited to tiongs only. all slanties only know how to copy and paste only.
i didn't say USD is easy to use, i said paper currency and electronic currencies are easy to use. gold minerals energy resources water fertilizer food agritech items are not easy to transact with.
did i say i approve of USD? i said it was stupd tiongs or russkies who backed this yankee dollar all this while until yanks turned their guns on them and now these two biggest and most loyal yankee pet dogs feeling the heat?
why didn't these pet dogs act before now?
lousy tiongs can't even launc 62 million dwt displacement warship/ships at one go, at one time, just one shot. in one instance. how lousy is that ? and it's hyped up to the moon or beyond by so many weak backward (or both) countries as some powerhouse monstrous industrial power never before seen in hsitory of humanity while an infamous tax evasion and money laundering hub (also a human trafficking hub) like stinkypura could launch 273,700 tonnes worth of ship at one time, at one go, with ease making it look like child's play all with a popn less than 6 million (what was it? 5.8 million back then? or sth like that).
how pathetic.
Still they dare to play nuclear against Russia or not?
Soon Saudi will sell oil to china in rmb Liao. Fuck joe Biden screwed up badly
UM NONOK IS GREATMaybe its time to put your faith in PAP?
expect regime change "soon" then
cia can do it well. they did it before in many of their protectorates as well as enemy states. suudi king faisal was also killed by cia, as cia control many agents incl many princes in suudi or in most other countries.
tiongs are like toddlers in front of yanks in these dirty games, i hope devious tiongs never indulge in games like these in first place settin a higher moral standards (if they have any remaining after mao wiped everything out in cultural revolution);
U never ask USA to try? USA is not as powerful as they were 20 years ago. Stop living in the past.
why russkie putler said he's dead scared of NATO which is only yankee others got no military?
why russkie putler said at onset of war that russkies are weaker than nato?
why tiongs lost face and after howling so much did nothing when yankees sent politicians to taiwan on plane?
soooooo scared against yanks for what?
why tiongs and russkies two biggest pet dogs of yanks don't want to dismantle UN so yanks can be punished as we all know there is no mechanism whatsoever for punishing yanks under UN and still tiongs and russkies desperate to uphold UN system which based in New York?
got answers meh?
Let me see.
All the hot money goes to the US as it appreciates and interest rates rises.
Many other countries are not raising their interest rates, like japan, and i heard jiu hu will follow suit.
So currency depreciates, more tourist arrivals. Hopefully.
US exports hit. High interest. High inflation. Recession. USD should fall no? Plus money taken out from stocks and shares.
Jiu hu on the other hand control inflation by subsidies. Interest rates under control. But subsidies cost gomen RM80 bil. More than what sultan of sulu wanted.
It seems there is a Hugh US Govt bond interest payment and redemption end Oct. To avoid default, new bonds has to be issued. Not assured China, Japan and Korea will throw in good money after bad currency bonds.Currencies hit over two-year lows as dollar rules
UK’s sterling crashed to a record low on mounting concerns that the new government’s economic plan will stretch Britain’s finances to the limit. —Reuters pic
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Monday, 26 Sep 2022 6:19 PM MYT
LONDON, Sept 26 — Emerging market currencies hit a more than two-year low today, as the US dollar strengthened on its rising safe-haven appeal, while stocks started the week in red on jitters about a global economic slowdown.
MSCI’s index of EM stocks declined 1.4 per cent, while the index for EM currencies fell 0.6 per cent. Both indexes were headed for their lowest levels since mid 2020.
UK’s sterling crashed to a record low on mounting concerns that the new government’s economic plan will stretch Britain’s finances to the limit, boosting the safe-haven dollar to 114.58 for the first time since May 2002, before easing to 113.22 against a basket of major peers.
“The dollar is on the run and that is always a challenging thing for the EM space,” said Jakob Christensen, head of global macro research at Danske Bank.
“UK’s fiscal plans shook markets as this may be replicated in other countries leading to worse fiscal situations and more aggressive central bank hikes in major economies which have indirect implications for emerging markets.”
China’s onshore yuan touched a 28-month trough, even as the country’s central bank announced fresh steps to slow the pace of the currency’s recent depreciation.
India’s rupee, too, hit record lows against the dollar. Traders told Reuters that the Reserve Bank of India likely sold dollars to contain the currency’s decline, which has been touching fresh lows for the last three consecutive sessions.
South Africa’s rand weakened 1 per cent as a firmer greenback, weakness in gold prices and aggressive stance on interest rates by major central banks weighed on sentiment.
The Turkish lira was also down 0.2 per cent.
The Russian rouble pulled back from a more than two-month high against the dollar in the previous session, as voting continued in referendums that could see four Ukrainian regions annexed by Russia.
“The geopolitical risk around Russia is weighing on neighbouring countries like Poland and Hungary,” Christensen said.
Central and Eastern European currencies were mixed against the euro.
Czech crown was flat after data showed consumer confidence touched almost two-decades low in September, as high inflation and surging energy costs bite.
The Hungarian forint slipped 0.2 per cent against the euro ahead of its rate decision on Tuesday where it is expected to deliver another 100 basis point hike. — Reuters
Its a very exciting time. Like a roller coaster. The plan was to lure european money into the US. Looks like its working.It seems there is a Hugh US Govt bond interest payment and redemption end Oct. To avoid default, new bonds has to be issued. Not assured China, Japan and Korea will throw in good money after bad currency bonds.
Increasing the US interest rate aggressively would attract suckers to hold their papers. Crypto is a key suuport for USD as it is link to USD. USD doomsday is held up by a dying horse last kick, and possibly more confiscation of foreign assets. Imposing fines on foreign entities is also an income source to support the currencies.
Just how long these can last?....
It seems there is a Hugh US Govt bond interest payment and redemption end Oct. To avoid default, new bonds has to be issued. Not assured China, Japan and Korea will throw in good money after bad currency bonds.
Increasing the US interest rate aggressively would attract suckers to hold their papers. Crypto is a key suuport for USD as it is link to USD. USD doomsday is held up by a dying horse last kick, and possibly more confiscation of foreign assets. Imposing fines on foreign entities is also an income source to support the currencies.
Just how long these can last?....