Don't forget india has given China the middle finger by selling weapons to Philippines which is pissing off the chinnese. Their whole "brics is replacing NATO" narrative is falling apart in real time.
Russia has been the arm dealer for India. what ur referring to is India selling out older Russia-supplied arms to the Phillipines; effectively, 2 of US's supposed allies are in bed w the Ruskies. Uncle Sam needs to spank these 2 w some kind of sanction
India cut back drastically on buying Russian arms since 2022. They're spending 5x the money on buying us stuff since. Also they're supplying the Philippines navy with sophisticated weapons which is pissing off the chinnese
[ add to it, that over 61% of global trades are settled using the US Dollar; you have the makings of a de Facto global currency. Invisible posted this info on post 1075; on page 54, https://bbs.clutchfans.net/threads/its-a-matter-of-bidenomics.320222/page-54#post-14974759 but, because he is an economic illiterate, he used this info to support his parroted claim that there should be no deficit spending. LMAO boy, did he get the wrong connection !!!
The % that's not traded on the dollar is because we have sanctions and curbs on those countries. If the US dropped sanctions on every country and allowed everyone to do whatever that number would be in the 90s. It sincerely blows my mind how some rich people @AroundTheWorld are utterly naive and braindead about economics. How do you become a CEO being so clueless
For someone who doesn't care about my macro opinions, adoo do loves washing whatever comes out of my ass with a shitfaced grin. Keeps reciepts for more too. I wouldn't mind debating him if he ever bothers to venture forth with his understanding and his own model but his Napoleon complex won't let him concede anything.
I think he's an accounting tool. Not good with people. Great with numbers in front of his face. Adoodle takes everything I write at face value. I should post a picture of a bunch of random Skittles and tell him there are a hundred pieces. Bad very bad! Invisible why U no count right???
This is who our resident pair of Odd Balls want you to believe. MMT brained Stephanie Kelton writing checks no one can cash. Mentions Japan... Says we can avoid Lost Decade. Mentions post-WW2 debt load. No mention of financial repression regime it took for the government to retire all that debt. Japan is still going through their round of financial repression. No mention of waste. No mention of her failure to address the 2021-23 inflation boom unseen since 70s stagflation. Even "MMT experts" (you can't call them legit economists. Most economists think MMT is a joke or fairy tale like Trickle Down Economics) break with Kelton because she's fine with the current government not raising taxes despite past inflationary boom and uncharted deficits. Oh well... Pick everything here apart because no one else will take their own time to do their own research.
You're literally talking in this thread about russian/chinnese central banks buying up gold as some scary prediction for the future of the dollar. For your own sake you need to stop being red pilled by morons on Twitter. You're turning dumb
yet, you can't even name one ! i can name a few economists who support fiscal expenditures---leveraging the benefits of being the de-facto global reserve currency--- to simulate economic growth for the USA ; also Mohamed Aly El-Erian, Charles Kindleberger and Robert Samuelson, just to name a few more
again, ur confused and mixed up. ur referring to Russia. central banks buying gold has no impact on whether the US will seize their US-based assets. it has a strong impact on their already weakening currencies---fueling infationary pressure---in particular China and India a little more than a year ago, Russia/India/China started this economic ménage à trois to de-dollarize transactions among them. https://bbs.clutchfans.net/threads/russia’s-10-b-treasure-in-the-u-s-should-be-turned-against-putin.315575/#post-14055940 this stupid move has weaken their respective currencies,--fueling inflationary pressure---in particular India and China, in their international trades not involving the threesome. to counter this alaming trend, their respective centeral banks had to buy a lot more gold in order to prevemt their currencies from falling more, countering the inflationary pressure
Another massive W . Dems have done more governoring this week alone than the republican party has done in a lifetime
