When the Petro dollar is gone US will be as poor as the church mouse. Thus with the destruction of the Petro dollar the Unipolar world of USA is hanging in the balance and will soon be gone in the dustbin of history. On the other hand there is now a rush with a domino effect by many countries of the South to join and support the Multipolar World as initiated by Russia, China and the BRICS countries. With the death of the Petro dollar hopefully the evil tendency of the US and its satanic hordes of barbaric allies to create troubles, wars of aggression, turmoils, choas and hostilities all over the world will be curbed and thus allow the world to have more peace and harmony. Southernglory1 Thursday, 26th September, 2024
A normal kopitiam at night in Singapore. Typical night life of the average Singaporeans in a govt built housing estate.
9/26/2024
The barbaric West headed by the USA is ganging up again to destroy China
Debt trap not good for Africa...but good for America
The Americans are taking the lead to frighten the African countries and the rest of the world about debt trap for building infrastructures in their countries. To the Americans, poor countries that cannot afford to pay must remain poor and undeveloped, must not borrow money to develop their countries. Debt is bad.
Debt is good only for the Americans. The Americans have chalked up more than $35 trillion of debt and growing rapidly and this is good. All the Americans are in debt, with their credit cards, spending like no tomorrow. But Africans and people of the Global South must not spend like the Americans, must not incur debt, must not borrow to buy a house or a car. Such expenditure would end up in debt traps.
By the way, there is another type of debt trap that is good and the Americans and the West would not talk about it. African states are in debt to American and western banking institutions by as high as 80% of their total debt and have nothing to show for it. On the other hand, their Chinese debt amounts to only 10 to 12% of their total debt. And these are for infrastructure development, in highways, rails, ports, cities, schools, hospitals, bridges etc etc. They all all visible to the eyes and are long term assets to these countries.
And the interest rate of Chinese loans are the lowest with many interest free loans to needy countries. The interest rates charged by the American and western banking institutions are obsessively high, often twice the rate charged by China. Why are the Americans and the West silent about these horrible debt, not talking about them? These are the real debt traps that the African and Global South countries are saddled with for decades and unable to pay back, resulting in these countries forever remaining poor and undeveloped, remaining as shit hole countries.
The Americans and the West cannot hide the debt traps they created for the African and Global South countries. By not talking about them does not mean that no one knows. By attacking China as a diversion would not work. The truth is in Beijing, where practically every African leaders are there to negotiate for more trade and cheap loans from China. And China does not disappoint.
The African leaders are not stupid. They are seeing with their own eyes what had happened to their countries after centuries of plunder, pillage, exploitation, looting and neglect by the western colonial powers. They are taking the future of their countries into their own hands, to rebuild their countries to become modern and developed states, with cheap loans and technology from China. They are not going to be deceived by the West and controlled and robbed by the West anymore.
No more debt traps from the Americans and the West. Americans and Europeans, get out of Africa!BRICS or QUAD - When would India be booted out?
Common sense will tell us that no country can straddle
two boats at the same time and be able to claim being loyal to both
sides. It cannot work. One side is going to be betrayed.
BRICS
must settle the India issue in order for further progress. Otherwise,
that 'Sword of Damocles' will continue to hang over its head. BRICS
cannot afford sensitive information being leaked to the QUAD and vis a
vis the USA. Either such sensitive information be denied to India or
India must be barred or removed from BRICS. It cannot go on forever.
There
must be a new ruling stipulating that whichever country joins any
alliance with the USA as partners must be prevented from joining BRICS.
Putin already put in place a new rule that forbids countries joining the
sanctions against Russia must not be allowed to join BRICS. That should
be the way forward for BRICS to be constructive and safe. It is no use
crying over spilt milk later on by not doing the necessary to prevent
any sabotage of the agenda of BRICS and its de-dollarization objective.
Allowing the devil into the house is easy, but getting rid of the devil from the house is going to be difficult.
Anonymous
Mahathir destroyed the country for generations, not just during his Premiership
Mahathir destroyed the country for generations, not just
during his Premiership. It will take another generation or two to
reverse his education policy, even if they were to try to do it. It will
take generations to get rid of the deep-seated corruption within the
establishment. It will take decades to attract back the talents that he
drove away during his premiership, mostly to the benefit of Singapore,
especially the Chinese. The incentives for doing that are just not there
for those who wants to return to serve the country,
I would not
just blame Mahathir alone. It was already a festering disease of
corruption within the racially endowed ruling establishment even before
he came to power, but he was the one that made it worse with his never
ending New Economic Policy that basically alienated the Chinese and
Indians. Most of these non-Malay Malaysian talents were later to become
of great benefit contributing to Singapore, people like Goh Keng Swee
and Hon Sui Sen among others.
In Malaysia, Goh and Hon would
never have been given the chance to rise in positions to serve the
Malaysian Government. The pro-Malay establishment would never allow
that. Meritocracy never had a chance in Malaysian politics, only
cronyism and racial factors matter.
It is really ironic that
Malaysia, with all the natural resources became a pale shadow of its
southern neighbor that was to arouse deep jealousy and spiteful behavior
from Mahathir and his cronies. Now, with UMNO in the coalition,
fighting corruption is a mountain to climb for Anwar Ibrahim, if he were
to try. This is the biggest problem to overcome.
Anonymous
Global South fighting to be free from American hegemony
It is a no brainer that the US$ hegemony had been
created for the rest of the world to be disadvantaged in so many ways.
Why is there a need for the rest of the world wishing to trade with each
other having to use their own currencies to buy US$ in order to enable
their trade to go through. In the process, the USA and Western banks
were able to rip them off with exchange rate conversion differentials.
The same as using credit cards for purchases overseas, changing foreign
currencies into US$ and then converting it back later to local
currencies.
Having said that, it was no coincidence that the
USA's dirty agenda were numerous, and the world had been stupid enough
to agree. First was to enable Western banks to cream off the currency
conversions both ways. Second, this enabled the USA to monitor the
volume of transactions and the countries doing the trading and allowed
the USA to plan their economic policies, such as what to plant in
agriculture and how much to cater to next seasons demands. They could
also monitor trade in other areas like metals, energy, raw materials and
consumer products.
BRICS new system will do away with the
expensive exchange loss conversion between local currencies and the USA,
thus making trade between BRICS members cheaper and easier to be
conducted. It also denied the USA the privilege of tracking who are
involved in those trade, big or small. And the USA had no means to know
how to tailor its foreign policy having to work on the blind, like in
agriculture planning. The recent cancellation by China of 1.5 million
tons of wheat purchases from the USA and Australia is one instance of
how that is going to affect the global supply chain. The USA is not
going to be playing the status of the food basket for the world. USA
farmers are now at sixes and sevens trying to tailor demands, with China
now sourcing cheaper food from Brazil and Russia, all done outside the
US$. That is de-dollarization coming into focus globally.
Last
and not least is the weaponization of the US$ hegemony working against
the rest of the world. Time to put this evil out of business for good.
Anonymous