Good morning All
Who's actually check their so called honesty that they are printing so much monies ah?
Who dares to certify and check on their declaration?
They could say anything any amount and figures they want to be printed!
Any World's Treasury to confirm and certify?
Wah, daylights monies robberies or laundering ah?
Anyone dares to check shall meet his or her maker!
Yellen aka Yelling said extraordinarily measures meant hey start printing more!
The whole Daft World just kept mum?
This type of business who don't know how to operate ah?
1 comment:
De-dollarization is obviously not a sign of keeping mum. It is going to be a discreet, unrelenting, masterstroke in the making to mitigate the US$ hegemony. That is why Trump is rattled and using threats against those trying to use less of the US$. Trump threatens tariffs on countries distancing themselves from the use of the US$. That indicates that de-dollarization moves are hurting the US$ under the radar, deny as much as the USA likes.
It looks like the USA is just making hay while the sun still shines today, by spending like no tomorrow over the last couple of years, using its money printing privilege to flood the world with US$.
The USA is terrified of the consequence of losing the US$ hegemony, which will make its sanctions totally ineffective and curtail its spending spree. Not that sanctions are still working like a charm in making countries collapse. In fact, countries are finding ways to overcome that and most have succeeded. How then could Cuba, North Korea, Venezuela, Iran and Russia still be standing despite all the sanctions that the USA and its allies imposed on them?
The biggest effect of overcapacity of US$ will hit USA citizens more than others with countries not investing much in US bonds and treasuries other than the Anglo-Saxon countries. They are going to pay more for imports with all the tariffs being touted, while the US$ itself continues to depreciate in buying power inside the USA.
Amidst all that is happening inside the USA, China is exporting 'deflation' by providing the rest of the world with cheaper and cheaper products, which the USA does not want and which China in time do not want to even export to. Since other countries in the Global South are going to open up their markets to China without using tariffs to curb such imports, who do we think where China's exports are going to move to?
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