de-dollarization

Hawkeye10 said:
Did you see where the leader of Brazil decided to not go?

Me Thinks that the Americans blackmailed him.
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No, I missed that. Brazil's economy is an integral part of the Global South. I'm trying to find a map of projected BRICS countries but it's Sunday so...
 
IBDaMann said:
You are economics challenged. You probably need help counting your change.


Yep. I totally agree. You can only use fiat currency on which to build a modern economy. You believe otherwise and you are mistaken.


You believe that fascism is simply disagreeing with your ignorance-based delusions.
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no.

you just love the totalitarian aspects of fake money and are a shit human being.

why is counterfeiting illegal smart guy?
 
IBDaMann said:
Nope. Our exports are mostly fuel (16%), non-electronics-based machinery (12%), Electronics-based machinery (10%), vehicles (8%), Optical/Technical/Medical equipment (5%), gems and precious metals (4%), pharmaceuticals (5%), plastics (4%), organic chemicals: (3%), commodities (3%), chemical products: (2%),
fruits/grain/seed (2%), cereals (1%), iron/steel items (1%), residues/waste/animal fodder (<1%), inorganic chemicals/precious metal compounds/isotopes (<1%), ... and the remaining categories are all less than 1%.

Explosives constitute less than one-third of one-percent of US exports. Of those, more than one-third are for commercial purposes, i.e. construction, demolition and mining, and are not suitable for military purposes. About one-sixth of exported explosives are fireworks and are only for entertainment. Another one-sixth are commercial pyrotechnics. Military ordnance shares the remaining less-than-one-third of explosives with propellants and detonators and thus represents only a small portion of an insignificant percentage of US exports.
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wrong.

our main export is violence.

you;re fucking stupid.
 
goat said:
I'm hearing Türkiye will tell NATO to go fuck themselves and join BRICS.
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It depends on what you mean by "fuck themselves." Turkey would never leave NATO, but they are definitely trying to join BRICS. They also very much want to be in the EU. They have been on hold for the EU for 20, and in a sense for 40 years. It just is not going to happen any time soon, but BRICS might happen soon.

goat said:
Poor and developing countries are dedollarising faster than economists could imagine
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Actually, most developing countries are dollarizing as quickly as they can. There are fewer alternatives than there used to be.
 
Walt said:
It depends on what you mean by "fuck themselves." Turkey would never leave NATO, but they are definitely trying to join BRICS. They also very much want to be in the EU. They have been on hold for the EU for 20, and in a sense for 40 years. It just is not going to happen any time soon, but BRICS might happen soon.


Actually, most developing countries are dollarizing as quickly as they can. There are fewer alternatives than there used to be.
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The west has reached maximum saturation. It has nowhere else to go but down. Europe will get hit the hardest, but it will become obvious, even to you, that the US is in a 1931 type depression. Developing countries will be forced to ask BRICS for help. We did this to ourselves, Walt.
 
goat said:
The west has reached maximum saturation. It has nowhere else to go but down. Europe will get hit the hardest, but it will become obvious, even to you, that the US is in a 1931 type depression. Developing countries will be forced to ask BRICS for help. We did this to ourselves, Walt.
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China's development help, both charity and loans, is collapsing.

The America I live in is nowhere near a Great Depression level.
 
Walt said:
China's development help, both charity and loans, is collapsing.

The America I live in is nowhere near a Great Depression level.
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You didn't address maximum saturation. Every economist knows a global collapse is right around the corner. Most are comparing it to 1929 or worse. That's why the US is pushing hard for WW3.
 
goat said:
You didn't address maximum saturation. Every economist knows a global collapse is right around the corner. Most are comparing it to 1929 or worse. That's why the US is pushing hard for WW3.
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Brics hopes to be up and running in time to insulate their members from the collapse of the West and the systems they set up after WW2.

I dont think there is anywhere enough time for that....the collapse is already in progress.
 
Hawkeye10 said:
Brics hopes to be up and running in time to insulate their members from the collapse of the West and the systems they set up after WW2.

I dont think there is anywhere enough time for that....the collapse is already in progress.
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When the Dow drops 50% or even 60%, Walt will be calling it a correction. He'll deny the 7 million families foreclosed on. JPP republicans will call them lazy and tell them to get a job. I saw it with my own eyes in 2010.
 
goat said:
The west has reached maximum saturation. It has nowhere else to go but down. Europe will get hit the hardest, but it will become obvious, even to you, that the US is in a 1931 type depression. Developing countries will be forced to ask BRICS for help. We did this to ourselves, Walt.
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that's a little bleak.

america will be made great again by trump.

negativism isn't intelligence.
 
goat said:
When the Dow drops 50% or even 60%, Walt will be calling it a correction. He'll deny the 7 million families foreclosed on. JPP republicans will call them lazy and tell them to get a job. I saw it with my own eyes in 2010.
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You know my opinion on the wisdom of investing into Almost Never Right Walt.
 
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