Posts: 23,119
   
Threads: 6,634
    
Likes Received: 4,196 in 3,292 posts
Likes Given: 504
Exposing dedollarisation propaganda and understanding what is really happening....
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
>
Posts: 15,389
   
Threads: 1
    
Likes Received: 3,155 in 2,963 posts
Likes Given: 83
Posts: 13,301
   
Threads: 1,502
    
Likes Received: 3,257 in 2,448 posts
Likes Given: 9,460
(25-04-2023, 06:40 PM)RiseofAsia Wrote: ![[Image: IMG-5556.jpg]](https://i.ibb.co/HXY3wPc/IMG-5556.jpg)
That is precisely why Gold price will not go up, it will be impossible to peg a currency with Gold if it's value keep going up
Didn't they teach these Central Banks such basics in school? What a bunch of fools at the centrals!
Posts: 1,429
   
Threads: 83
    
Likes Received: 317 in 300 posts
Likes Given: 66
(25-04-2023, 06:18 PM)sgbuffett Wrote: By design since WW2, they took over the pound.
But that time must countries do not owe that much money in pounds....now USD denominated debt is crazy high...countries de dollarising actually are at risk of not keeping enough USD for their own corporations to service debt in USD.
All these are just paper backed by nothing
Posts: 26,928
   
Threads: 19,101
    
Likes Received: 2,260 in 2,102 posts
Likes Given: 24
Previously USD to SGD: 1.45/ 1.44 to 1.33. Now 1.34. Why gone case? It is related to the Middle East Economy. RMB, like other alternative currencies, are becoming widely available. It is not just the main driver, the Petro$. Last time, the US used to design their cities. Now, they created their own. Russia is supposed to take over what the US gives up. But the former is sanctioned by the West.
(This post was last modified: 25-04-2023, 09:00 PM by
theold.)
Posts: 4,451
   
Threads: 98
    
Likes Received: 1,270 in 1,008 posts
Likes Given: 282
The USD is difficult to replace, except that the US congress likes to play with roulette with the US debt ceiling. Sooner or later, either Republicans or Dems will carry a game too far and the US defaults. Then hongkan liao.
Posts: 15,389
   
Threads: 1
    
Likes Received: 3,155 in 2,963 posts
Likes Given: 83
IMF can only issues SDR special drawing rights ie the Rights to borrow
back by newly printed USD now quarantined meaning Banks will fail and move into ....fedPAY
new networks new ledgers....NWO.
IMF is a Bookkeeper
the newly if ok will be allotted on a quota basis on the rule based hegemony US corporation set of rules.
Gold on the other is Money meaning u drop i take u cannot report ahSir.
NB US corporation was challenged on her external debts and failed to pay meaning pokkai-ed on January
(This post was last modified: 25-04-2023, 08:54 PM by
singlon.)
Posts: 15,389
   
Threads: 1
    
Likes Received: 3,155 in 2,963 posts
Likes Given: 83
why newly printed US corporation Dola cannot be used in the IMF back to back?
POKKAI_ed on January 31st mostly likely interests not paid.
now quarantined
only way out for US is to bankcrupt Banks and move them into fedPAY
new networks new ledgers new rules
How abt ur payLah payNow payLater.....danger of bail-in as banks matching to the music coming from fedPay.
at the end u meet your master
sotong
with this sotong singlion ends his sing along session
(This post was last modified: 25-04-2023, 09:05 PM by
singlon.)
Posts: 11,689
   
Threads: 788
    
Likes Received: 3,628 in 2,977 posts
Likes Given: 500
De-dollarisation or not, it's clear that US is in decline. Their infrastructure can't keep up, and living there is no longer safe. Wealth is controlled in the hands of a very small number of people. They're not competitive hence need to put sanctions against those countries that have a chance at toppling them.
Posts: 15,389
   
Threads: 1
    
Likes Received: 3,155 in 2,963 posts
Likes Given: 83
during the malee as can b seen with a weakening yuan and Gold
China has carted Home 6000tonne of Gold not kimchua
Posts: 5,996
   
Threads: 904
    
Likes Received: 1,944 in 1,493 posts
Likes Given: 201
(25-04-2023, 06:44 PM)cityhantam Wrote: USD hits high against Yuan.....???
Sounds so scary!
![[Image: Screenshot-20230425-184134-com-google-an...270975.jpg]](https://i.ibb.co/Yh0gVrh/Screenshot-20230425-184134-com-google-android-googlequicksearchbox-edit-200452369270975.jpg)
Why scary when now 1 USD = 6.9 RMB when last Nov 2022, it was 7.3 RMB?
Now it is not as high as last Nov.
Posts: 40,624
   
Threads: 2,336
    
Likes Received: 5,887 in 5,127 posts
Likes Given: 4,090
(25-04-2023, 09:26 PM)webinarian Wrote: Why scary when now 1 USD = 6.9 RMB when last Nov 2022, it was 7.3 RMB?
Now it is not as high as last Nov.
Sgbutt trying to frighten people?
Posts: 18,479
   
Threads: 2,157
    
Likes Received: 4,899 in 4,165 posts
Likes Given: 728
(25-04-2023, 08:11 PM)Sentinel Wrote: That is precisely why Gold price will not go up, it will be impossible to peg a currency with Gold if it's value keep going up
Didn't they teach these Central Banks such basics in school? What a bunch of fools at the centrals!
I think you have been brainwashed by current Fed.
Current Fed has not performed its job properly
It has failed its initial objective.
Gold standard is the standard that create real growth due to its stable currency after pegging.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
>
(This post was last modified: 25-04-2023, 09:53 PM by
RiseofAsia.)
Posts: 18,479
   
Threads: 2,157
    
Likes Received: 4,899 in 4,165 posts
Likes Given: 728
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
>
Posts: 23,119
   
Threads: 6,634
    
Likes Received: 4,196 in 3,292 posts
Likes Given: 504
Yuan continues to weaken ....
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
>
Posts: 13,301
   
Threads: 1,502
    
Likes Received: 3,257 in 2,448 posts
Likes Given: 9,460
(25-04-2023, 09:50 PM)RiseofAsia Wrote: I think you have been brainwashed by current Fed.
Current Fed has not performed its job properly
It has failed its initial objective.
Gold standard is the standard that create real growth due to its stable currency after pegging.
You are so naive
The reason USA depegged from Gold is because the real economy does not work and cannot work based on a non-fractional
To go back to Gold standard is against the laws of entropy, once undone, it can never be put back together again
Posts: 18,568
   
Threads: 38
    
Likes Received: 3,875 in 3,510 posts
Likes Given: 1,027
(25-04-2023, 09:31 PM)cityhantam Wrote: Sgbutt trying to frighten people? ![Thinking Thinking](https://sgtalk.net/images/smilies/Animated/thinking_s.gif)
Another round of efforts to collapse china?
Users browsing this thread: 1 Guest(s)