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7 comment(s). Last comment by chinaman 2024-06-02 13:36

speakup

27,038 posts

Posted by speakup > 2024-06-02 09:24 | Report Abuse

in usa got trump
in malaysia got najib, tun m, and more

Posted by EngineeringProfit > 2024-06-02 10:04 | Report Abuse

They are "golfing buddies"

Posted by EngineeringProfit > 2024-06-02 10:04 | Report Abuse

....and in cuci money

Posted by GreatDreamer > 2024-06-02 11:05 | Report Abuse

Anything wrong with Trump, Najib , Tun even Anwar? They become leader through election. They have plenty supporter during their time.

May be u think election is not best way to choose leader. Or u think majority should follow minority!

chinaman

3,302 posts

Posted by chinaman > 2024-06-02 13:23 | Report Abuse

whoever be US president, US govt still bankrupt at the end, USD melting become toilet paper.....The federal government’s total public debt stood at just under $31.46 trillion as of Feb. 10, according to the Treasury Department’s latest daily reckoning. Nearly all of that debt – about $31.38 trillion – is subject to the statutory debt limit, leaving just $25 million in unused borrowing capacity.

chinaman

3,302 posts

Posted by chinaman > 2024-06-02 13:28 | Report Abuse

China Dumps $101,900,000,000 in US Treasuries in 12 Months As Fed Governor Dismisses ‘Imminent Demise’ of US Dollar

chinaman

3,302 posts

Posted by chinaman > 2024-06-02 13:36 | Report Abuse

The BRICS nations, originally comprised of Brazil, Russia, India, China and South Africa, are looking to establish a new reserve currency backed by a basket of their respective currencies.

The potential BRICS currency would allow these nations to assert their economic independence while competing with the existing international financial system. The current system is dominated by the US dollar, which accounts for about 90 percent of all currency trading. Until recently, nearly 100 percent of oil trading was conducted in US dollars; however, in 2023 one-fifth of oil trades were reportedly made using non-US dollar currencies.

Central to this ongoing situation is the US trade war with China, as well as US sanctions on China and Russia. Should the BRICS nations establish a new reserve currency, it would likely significantly impact the US dollar, potentially leading to a decline in demand, dedollarization

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