KEY POINTS
-A new BRICS currency is currently not on the agenda, said India's Foreign Minister S. Jaishankar
-His remarks come ahead of a BRICS summit to be held in August in South Africa
-Brazil and South Africa's leaders recently made statements about an alternative to the U.S. dollar
India has shut down speculation in recent weeks that the BRICS nations were planning a common currency to derisk their economies from the kind of devastating sanctions that the United States has levied on Russia and other countries by leveraging the greenback's global dominance.
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1,487 comment(s).Last comment by IDQWE001 2023-10-04 18:00
Posted by IDQWE001 > 31 minutes ago | Report Abuse
Xi brought the entire country to wrong direction, end up local Chinese suffered.
Unfinished housing units could not stay, due to jobless and pay cut home buyers no money to pay housing instalment causing financial crisis. Banks bought those rubbish bonds all in chain reactions.
Posted by IDQWE001 > 31 minutes ago | Report Abuse
Xi brought the entire country to wrong direction, end up local Chinese suffered.
Unfinished housing units could not stay, due to jobless and pay cut home buyers no money to pay housing instalment causing financial crisis. Banks bought those rubbish bonds all in chain reactions.
Xi behaves like tikus not able to solve property buble, flood and financial crisis. CCP dogs are very irresponsible talk only not using money to buy bonds and unfinished housing units to support CCP.
I have underestimated the pandemic of 'let it root ' in the eastern taiko country. This virus is so strong and reached the top level in less than 12 months.
Pinky and 50 cents are much much lesser nowadsys. You watch too much western medias tyttytainment & CCP medias lor. Unable to accept the truth...then keep and protect nicely your fantasy dream in your safe la.
Tyttytainment is very syok lor...watch CCP or western tyttytainment to enjoying great pleasure while releasing dopamine. No need to use the brain to think or question the contains.
Posted by IDQWE001 > 31 minutes ago | Report Abuse
Xi brought the entire country to wrong direction, end up local Chinese suffered.
Unfinished housing units could not stay, due to jobless and pay cut home buyers no money to pay housing instalment causing financial crisis. Banks bought those rubbish bonds all in chain reactions.
Xi behaves like tikus not able to solve property buble, flood and financial crisis. CCP dogs are very irresponsible talk only not using money to buy bonds and unfinished housing units to support CCP.
Xi don't know what to do just hiding inside lubang, his silly supporter got angry and sad because this is the facts but nothing could be done. Very pity.
When typical chinese has nothing to back-up their view, this is what normally they would do to manupulate us thru their own understanding of moral or racial card hijacking our emotion feeling of guilty.
You are right most of the CCP supporters trying to play race cards it manupulates all Chinese MUST support CCP. CCP does not represent 100% China. Communism and Socialism are not original from ancient China. Those are rubbish from Europe culture.
Some CCP dogs not even could master his ancient language, his parents must be shame on him.
CCP dogs could be communists, Coummunism and sociolism are failure system western rubbish.
whether it is pinky or 50 sen, u think u are so above China meh, u think its very funny meh? China is far better managed than either America or Malaysia.
The eastern taiko got a good opportunity to transform itself into the world number 1 superpower economy few years ago. Sad to say the opportunity is gone due to failure in reforming its outdated political structure.
The BRICS currency will be likely being realized. Their summit is scheduled on 22 Aug 2023.
It will not be a surprise that It will come to pass like how those empires/powerful nations have risen and collapsed consequently. Now, the US Dollar which was a powerful currency from a power country is experiencing uncertainty/vulnerability in light of the possibility of the adoption of another currency from the members of the BRICS.
When typical chinese has nothing to back-up their view, this is what normally they would do to manupulate us thru their own understanding of moral or racial card hijacking our emotion feeling of guilty.
You are right most of the CCP supporters trying to play race cards it manupulates all Chinese MUST support CCP. CCP does not represent 100% China. Communism and Socialism are not original from ancient China. Those are rubbish from Europe culture.
Some CCP dogs not even could master his ancient language, his parents must be shame on him.
CCP dogs could be communists, Coummunism and sociolism are failure system western rubbish.
qqq is anti Chinese who always said negative assets and deflation are good, he does not understand his ancient language and lost his own identity.
Posted by IDQWE001 > 24 minutes ago | Report Abuse
When typical chinese has nothing to back-up their view, ===========
typical Chinese don't need any thing to back up their views. They are defending their country, their culture, their way of life , their civilisation. .... and why a malaysian Chinese or an american should attack them?
deflation? I think a lot of people don't mind if prices of food, cars, consumer products and even houses come down. the only problem is it never happens....prices only up no down and that is a real problem.
Why Deflation Is More Harmful Than Inflation When prices go up and the power of the dollar goes down, the economy is experiencing inflation.
While inflation means your dollar doesn’t stretch as far, it also reduces the value of debt, so borrowers keep borrowing and debtors keep paying their bills. Modest inflation is a normal of the economic cycle—the economy typically experiences inflation of 1% to 3% per year—and a small amount is generally viewed as a sign of healthy economic growth.
Inflation is also something consumers can protect themselves against to a certain extent. Investing your money, for instance, can help your earnings grow faster than inflation, helping you retain and grow your purchasing power.
While it may seem worse for prices to rise than to fall, deflation is generally less favorable and is associated with economic contractions and recessions. A deflationary spiral may turn hard economic times into recessions and then depressions.
Protecting yourself against deflation is also a little trickier than safeguarding against inflation. Unlike with inflation, debt becomes more expensive with deflation, leading people and businesses to avoid taking it on as they try to pay off the increasingly pricy debts they already owe.
During periods of deflation, the best place for people to hold money is generally in cash investments, which don’t earn much, if any, returns. Other types of investments, like stocks, corporate bonds, and real estate investments, are riskier when there’s deflation because businesses can face very difficult times or fail entirely.
Silly Xi understands the harmful of deflation so interest rate keep on dropping so as the currency RMB but qqq seems pretend not to understand. 10 times more silly. Lol.
Why Deflation Is More Harmful Than Inflation When prices go up and the power of the dollar goes down, the economy is experiencing inflation.
Silly Xi understands the harmful of deflation so interest rate keep on dropping so as the currency RMB but qqq seems pretend not to understand. 10 times more silly. Lol.
CCP deflation got nothing to do with others this is the results of CCP. Lol.
Without this ideology at the time when China was very poor and divided, the country would likely not able get itself out of the decline.
In those days when Europe was the safe haven for those criminalized figures who have offended the Pope/religious institution, have alway picked places like France/Switzerland as their hideouts. Until today Switzerland has got the reputation for fictitious/hidden identities to keep their plunders.
These criminalized figures invented communism and supported this ideology and now the same community decided to ban this ideology. Just an ideology. Just like someone wanted to defend secularism that allowed/sympathized with same sex marriage, tattoos , nose piercing or tolerating with designer drugs. At the same time, another person will oppose religiously.
Anyway, communism will not remain in China forever with the Chinese people. They can govern the country like how those Emperors ruled the lands from long time ago without any democracy, which is another form of ideology, from the Western continent.
Why Deflation Is More Harmful Than Inflation When prices go up and the power of the dollar goes down, the economy is experiencing inflation.
Silly Xi understands the harmful of deflation so interest rate keep on dropping so as the currency RMB but qqq seems pretend not to understand. 10 times more silly. Lol.
CCP deflation got nothing to do with others this is the results of CCP. Lol.
Communism is a proven failure political system such as East Europe, USSR, North Korea and Cuba, Xi brought the country to wrong direction. With all the current issues it will not collapse overnight, it will be dragged spirally, slowly and gradually under Xi administration.
The Chinese can adapt to many type of circumstances to survive such as living in any part of the world. They can live in different types of government, climate, politics and economy.
The Chinese government can adjust their administration gradually if needed be, to benefit the people and the country. Unless there could be a revolution, instead of a evolution, this huge country has got the means and talents to circumvent to challenges going forward.
The market in China is basically operating like a capitalist one instead of a communist one. There are private banking system and equities even from overseas that are supporting their economy.
The monetary policy is also not from the whatever communism that we are digesting now.
With the huge demand for consumption (oil, energy and durians...), their high productivity from the people and the confidence enjoyed on their currency (back by enough of Gold) any other country will put in their confidence for the market in China.
So, this huge market should try not to be entangled/engulfed by those negative impacts from the external economy by intervening the interest rate, demand & supply of money and employment. Again, it is believed that China has the means to do it today.
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Posted by IDQWE001 > 2023-07-18 09:23 | Report Abuse
KEY POINTS -A new BRICS currency is currently not on the agenda, said India's Foreign Minister S. Jaishankar -His remarks come ahead of a BRICS summit to be held in August in South Africa -Brazil and South Africa's leaders recently made statements about an alternative to the U.S. dollar India has shut down speculation in recent weeks that the BRICS nations were planning a common currency to derisk their economies from the kind of devastating sanctions that the United States has levied on Russia and other countries by leveraging the greenback's global dominance.