[Scythian]

M'sia & Thailand joining BRICS, US should trust Singapore much more than others

US must invest heavily in Singapore

[moonrab]

Australia contemplating to join too...
Yeah!!!👏👏👏

[moonrab]

M'sia & Thailand joining BRICS, US should trust Singapore much more than others

US must invest heavily in Singapore

Mai hai Malaysia la..

Silicon Valley of SEA le..
Major Powerhouse Manufacturing of Semi- conductor ok...
Microsoft, Amazon, Google, Intel, etc all need to invest in Malaysia la..

Luan luan kong, all Malaysian in SGtalk will hoot you hor...🤣

[revealer]

Everyone is eyeing 4 cheap Russian oil.

[moonrab]

Everyone is eyeing 4 cheap Russian oil.

Dedollarisation too...
Malaysia has been advocating for it long time ago...
Since Ah M days

[teaserteam]

Dedollarisation too...
Malaysia has been advocating for it long time ago...
Since Ah M days

Don't think dedollarisation is the aim of Thailand and Malaysia.  They won't benefit any unless they can use their currencies for trading but who wants their currency?

Indonesia thinks OECD is a better bet for them.. they think BRICs will be turning into an anti-West group which is not their objective.

While Indonesia shares many of BRICS’ goals, for now, it is pursuing its own path, different from the other major emerging economies. A wise decision given the uncertainties about where BRICS is heading amid concerns that BRICS is turning into an anti-West group, led by China and Russia. Besides, all the BRICS countries are having major economic problems thus raising questions about the group’s effectiveness in championing global economic reforms.

https://www.thejakartapost.com/opinion/2...hanks.html

[moonrab]

Don't think dedollarisation is the aim of Thailand and Malaysia.  They won't benefit any unless they can use their currencies for trading but who wants their currency?

Indonesia thinks OECD is a better bet for them.. they think BRICs will be turning into an anti-West group which is not their objective.

Move to de-dollarise

Nambiar agreed that Malaysia’s decision to join BRICS suggests that Asean nations are hedging their bets to “de-dollarise” given that Washington has weaponised the US dollar through the increasing use of unilateral sanctions.

In the interview with Guancha, Anwar backed comments by Brazilian president Luiz Inacio Lula da Silva criticising the dominance of the US dollar in international trade.

“Last year Malaysia had the highest investment ever, but the currency was still attacked. Well, it has eased in the past few weeks. But it doesn’t make sense, it goes against basic economic principles,” he said.

Nambiar said Anwar has clearly stated that Malaysia should explore de-dollarisation and even supported the idea of an Asian Monetary Fund.

I think Malaysia really means business in De dollarisation. Bolei..👍

[Manthink]

Everyone is eyeing 4 cheap Russian oil.

Why not ? The Russians is now helping to lower Global Inflation against an increasingly broken system plagued by USD-Saudi Oil deal that began after WW2.

Oh wait!!! The Saudi already quit this contract with US Gov on 9 June 2024.. just 6 months  after they join BRICS...LOL !

Many pple still unaware how big a shift is this going to be in the coming New World Order..



2 Jan 2024 - Saudi officially joins BRICS 

https://www.reuters.com/world/middle-eas...024-01-02/

[Manthink]

8 Jun 2024 - Saudi officially quits USD-Oil deal by letting the 50 years old contract lapse.
This 50-years old contract was signed by the United States and Saudi Arabia on 8 June 1974



https://watcher.guru/news/saudi-arabia-d...-yuan-euro

[Manthink]

Guess who backup the Saudi to have the guts to do this against the USA ?

 

https://cryptorank.io/news/feed/dc319-pe...n-jeopardy

[teaserteam]

Move to de-dollarise

Nambiar agreed that Malaysia’s decision to join BRICS suggests that Asean nations are hedging their bets to “de-dollarise” given that Washington has weaponised the US dollar through the increasing use of unilateral sanctions.

In the interview with Guancha, Anwar backed comments by Brazilian president Luiz Inacio Lula da Silva criticising the dominance of the US dollar in international trade.

“Last year Malaysia had the highest investment ever, but the currency was still attacked. Well, it has eased in the past few weeks. But it doesn’t make sense, it goes against basic economic principles,” he said.

Nambiar said Anwar has clearly stated that Malaysia should explore de-dollarisation and even supported the idea of an Asian Monetary Fund.

I think Malaysia really means business in De dollarisation. Bolei..👍

Talk only as they wanted to join BRIC.  The traders will go with whichever currency can bring the best benefit to them.  CNA has an article about Chinese traders don't want to use Yuan for trading.    Can't blame them when Yuan exchange rate with USD kept dropping.

https://www.channelnewsasia.com/east-asi...ey-4370181

[Scythian]

Last time, Biden did not invite PM Lee to democracy summit in white house, hope he will invite PM Wong this time

[revealer]

Talk only as they wanted to join BRIC.  The traders will go with whichever currency can bring the best benefit to them.  CNA has an article about Chinese traders don't want to use Yuan for trading.    Can't blame them when Yuan exchange rate with USD kept dropping.

https://www.channelnewsasia.com/east-asi...ey-4370181

Rightly speaking,  when currency value drops,  the country’s export should rise as the goods become cheaper.  But China’s export fell.  What happened? Damn susah liao.

[sgbuffett]

Brics gather steam as a group of developing economies. Singapore and Japan are developed economies don't have to be in BRICS.

Many countries join BRICE expecting some benefits of trade with China...likely exporting raw materials to China..China today is biggest consumer of natural resources.

The advanced countries play at a different financial and technological level.

[moonrab]

Last time, Biden did not invite PM Lee to democracy summit in white house, hope he will invite PM Wong this time

Out of topic!
Please start a new thread and not disturb our conversation. 
Thanks..bye🤭

[moonrab]

Talk only as they wanted to join BRIC.  The traders will go with whichever currency can bring the best benefit to them.  CNA has an article about Chinese traders don't want to use Yuan for trading.    Can't blame them when Yuan exchange rate with USD kept dropping.

https://www.channelnewsasia.com/east-asi...ey-4370181

Yap
Although quite a few countries indicated de dollarisatiom, but still cannot see fruitful result. 
The strangest amongst all, US never make any noise at all..!!!..🤔

[theold]

Next will be Cambodia, Laos, and Vietnam. Indonesia, one leg in, one leg out, a cheering fan.

It is a common currency.

[moonrab]

Next will be Cambodia, Laos, and Vietnam. Indonesia, one leg in, one leg out, a cheering fan.

It is a common currency.

Yuan?...

[Scythian]

Yuan?...

Will Singapore leaders again asking other Asean leaders to choose between US and China?

[moonrab]

Will Singapore leaders again asking other Asean leaders to choose between US and China?

Wrong la...
Singapore reserves base on a pool of foreign currencies la..🤣🤣🤣

Like you meh, so stupiak must die die choose one..🤣

[sgbuffett]

Yap
Although quite a few countries indicated de dollarisatiom, but still cannot see fruitful result. 
The strangest amongst all, US never make any noise at all..!!!..🤔

Many countries enthusiastic about de dollarisation actually owe alot of money in USD like Malaysia and Argentina so they actually need and want dollars.

What they are hoping will happen is the USD to be talked down so it is easier for them to settle their USD denominated debts.

But USD keeps going up.why? The appetite for US stocks and govt bonds is insatiable!!!....Look at singaoore investors after losing so much in Singapore stocks they all switch to buying US stocks to do that they need US$

[watchfirst9]

Many countries enthusiastic about de dollarisation actually owe alot of money in USD like Malaysia and Argentina so they actually need and want dollars.
What they are hoping will happen is the USD to be talked down so it is easier for them to settle their USD denominated debts.
But USD keeps going up.why? The appetite for US stocks and govt bonds is insatiable!!!....Look at singaoore investors after losing so much in Singapore stocks they all switch to buying US stocks to do that they need US$

For the past ten QE years, many economies in the world loan in USD
and also huge USD are invested by Fund managers into around the world.

As the rate increase, funds pull out from these economies and return home 
for higher returns or debt payment. 
Similar for country level, these cause currencies to depreciate as there are sudden
rush out. 
If countries can trade in other currencies or even commodities for few, 
they will not use up dollar reserve and can defend their currencies better. 

As for appetite
https://wolfstreet.com/wp-content/upload...-debt_.png

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