Like most things from US nowadays, most are BS! You have this LBGT going berserk, now been pushed to other countries! Pervert values that have zero value to begin with! US nowadays already forgotten about equal rights! Those are old values, come new LBGT value! Where men can wear make up and skirt! And can use women toilet as well! Children are force to accept they are gender neutral! You have to refer children as 'they'! Parents have no control over their children! Boys can no longer play boys toys! Girls can no longer be girls! Instead children are force to play with neutral gender toys!
Same with current US dilemma! Do you know why US inflation is going high! Yeah, Biden print US dollar faster than US produce toilet paper! Currently oil price is stable, surely, inflation should not go up right! But then again, this is US, they can do anything and the rest of the world must accept it! Until BRICS currency becomes new normal, we will have to bare the nonsense from US for a while!
Do you know why bursa and ringgit perform badly! Yeah, it's because of US dollar! The Fed hike interest to 22 years high now! US dollar, the worthless paper currency instead becomes stronger! So you have too moch dollar circulating the world but also it's also very strong because of very high interest rate! But there's a catch! Once Fed force to decelerate by reducing interest rate, the dollar simply fall of the cliff! And the very high interest rate also makes US bonds very expensive! You may enjoy high yield US bonds now but down the road, who will buy lower yield US bonds! So yeah, the US dollar can easier lose it's value!
So yesterday, Powell made this hawkish announcement! Inflation still high! Another hike in September! But heck, we already knew September hike will be another 25 basis point! And it's going to break US economy sooner or later! Basically, what we see now is currency players preparing to dupe dollar! But we don't know when! They will push it higher and higher and higher! And dumbass will wallop it! Same like stock market of course!
BRICS currency: India unlikely to endorse the move; may just ignore
India is unlikely to endorse a common BRICS currency, which is being envisaged by some as an alternative to the US dollar, as it fears that it would increase China’s dominance in the bloc and also further strengthen the yuan.
“New Delhi is clear about not being part of the proposed BRICS currency as it sees it as China’s attempt to gain hegemony. But whether it will use its veto power to stop the attempt or allow other members to go ahead with their plans is a call that need not be taken immediately. It may take a long time for the plan to take a concrete shape because of the different levels of economic development of members,”
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3369 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by FortuneBull777 > 2023-08-26 15:32 | Report Abuse
Geoinvestment!