There are several countries that have taken action to move away from using the USD as a reserve currency when doing trading. Some of these countries include
Russia, China, Iran, Turkey, Venezuela, Brazil, India, ASEAN nations, Kenya, Saudi Arabia, and the UAE
Other countries that are creating new swap lines outside of the dollar include
Germany, France, and the United Kingdom.
This means that even the Eurozone itself is abandoning the dollar and preparing for a transition to a new central banking system.
https://www.truthandaction.org/23-countr...-dollar-2/
PAP is still sleeping and instead spend wasteful time fixing the Opposition and quarrelling over family matters
If pap keeping all USD and no gold how ah?
SG got 180B USA bonds.
![[Image: Foreign_Holders_of_US_Debt_2022_V1.jpeg]](https://www.visualcapitalist.com/wp-content/uploads/2023/03/Foreign_Holders_of_US_Debt_2022_V1.jpeg)
History shows it is extremely unwise to associate closely with countries like Argentina, Venezuela etc that has no fiscal discipline and economies have collapsed.
China has put itself in a weakened position tying it's fate to these sinking ships and collection of economic losers.
Some like Saudi keeps tons of USD and plows the dollars back to US as investments . They will not do the same for Yuan as the investments are far less attractive.
SGD is very strong and should never associate with these weak economies because it can only weaken us.
(12-04-2023, 04:48 AM)sgbuffett Wrote: [ -> ]History shows it is extremely unwise to associate closely with countries like Argentina, Venezuela etc that has no fiscal discipline and economies have collapsed.
China has put itself in a weakened position tying it's fate to these sinking ships and collection of economic losers.
Some like Saudi keeps tons of USD and plows the dollars back to US as investments . They will not do the same for Yuan as the investments are far less attractive.
SGD is very strong and should never associate with these weak economies because it can only weaken us.
SGD is pegged to CPF savings and HDB wealth
(12-04-2023, 04:48 AM)sgbuffett Wrote: [ -> ]History shows it is extremely unwise to associate closely with countries like Argentina, Venezuela etc that has no fiscal discipline and economies have collapsed.
China has put itself in a weakened position tying it's fate to these sinking ships and collection of economic losers.
Some like Saudi keeps tons of USD and plows the dollars back to US as investments . They will not do the same for Yuan as the investments are far less attractive.
SGD is very strong and should never associate with these weak economies because it can only weaken us.
History also tells us a huge military force is the key factor causing the fall of an empire.
Limited players are buying US bond. Dont be surprised the short term yield spikes to 10%.
There is no way US can bring down high inflation.
Economy-wise, the leading international trading currency has changed and will change further at a swift pace. It all happens in 2023.
Military-wise, the US is still the world's most powerful. It is likely to use this edge to its advantage.
(12-04-2023, 06:52 AM)theold Wrote: [ -> ]Economy-wise, the leading international trading currency has changed and will change further at a swift pace. It all happens in 2023.
Military-wise, the US is still the world's most powerful. It is likely to use this edge to its advantage.
2022 is starting to become evident
To avoid facing currency depreciation and sanction.
Pap abandon Singaporeans.
she is toking climate change and Green she going down with the ship
(12-04-2023, 04:48 AM)sgbuffett Wrote: [ -> ]History shows it is extremely unwise to associate closely with countries like Argentina, Venezuela etc that has no fiscal discipline and economies have collapsed.
China has put itself in a weakened position tying it's fate to these sinking ships and collection of economic losers.
Some like Saudi keeps tons of USD and plows the dollars back to US as investments . They will not do the same for Yuan as the investments are far less attractive.
SGD is very strong and should never associate with these weak economies because it can only weaken us.
You know nut lah.
The whole world is quitting US$.
The whole world is fool and only you making yourself as know-all.
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(12-04-2023, 04:48 AM)sgbuffett Wrote: [ -> ]History shows it is extremely unwise to associate closely with countries like Argentina, Venezuela etc that has no fiscal discipline and economies have collapsed.
China has put itself in a weakened position tying it's fate to these sinking ships and collection of economic losers.
Some like Saudi keeps tons of USD and plows the dollars back to US as investments . They will not do the same for Yuan as the investments are far less attractive.
SGD is very strong and should never associate with these weak economies because it can only weaken us.
people like u are looking for NOW and no foresight. Imagine 50yrs ago and China thinking like you not investing in Africa just because they are poor and corrupted ???? Remember in Venture Capital, when there is problems, there is opportunity.
(12-04-2023, 04:48 AM)sgbuffett Wrote: [ -> ]History shows it is extremely unwise to associate closely with countries like Argentina, Venezuela etc that has no fiscal discipline and economies have collapsed.
China has put itself in a weakened position tying it's fate to these sinking ships and collection of economic losers.
Some like Saudi keeps tons of USD and plows the dollars back to US as investments . They will not do the same for Yuan as the investments are far less attractive.
SGD is very strong and should never associate with these weak economies because it can only weaken us.
Now China's order for 160 Airbus aircraft in RMB saving the exchange charges to US$.
Plus all the trading with all countries in the world, the saving is in terms of billions of $.
When China uses RMB to buy from, say, France, France can use back RMB to pay for purchases of goods from China.
What is the problem of weak currency you talked about. Stupid.
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SgFett said "SGD is very strong and should never associate with these weak economies because it can only weaken us“
IF Singapore trades with other countries, how you trade if you "never associate with these weak economies"?
How stupid is your talk?
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Probably use chatbots to generate those nonsense
Us is just like money changer at change alley. They produced nothing just printing money
