Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 1:53pm On Jun 10, 2024 |
WrriterNg: ⚡Ukraine has trillions of dollars worth of critical minerals in their country.
Vladimir Putin cannot be allowed to access that money and those resources because he will share it with China - Senator Lindsey Graham And you want to steal it. Warmongering thief. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 1:51pm On Jun 10, 2024 |
WrriterNg: ⚡A man who tried to open Pakistan's first gay club was admitted to a mental hospital by Pakistani authorities. No dulling. Straight mental hospital because that is exactly what it is. Even Satan did not go for unclad Adam, he went for Eve. But here, the sick west and it's zombies supporters on nairaland want us to marry them as Adam and Steve. Mental retards. |
Foreign Affairs › Re: Old Ukrainian Men Sent To War Against Russia Go Viral (Photos) by Appleyard(m): 8:47am On Jun 10, 2024 |
anonymous1759: Shut up! Niaraland is not meant for only western propaganda. allow us to decide whose side to take . That’s journalism not forcing us to believe one side of the story.
Whenever the west don’t report Ukraine-Russia war just know that Ukraine is losing heavily. If you’ve alternative news about the west post it . Nairaland is not meant for only western puppet’s, we still have people that do justice to reasoning. Gbam!  |
Foreign Affairs › Re: Old Ukrainian Men Sent To War Against Russia Go Viral (Photos) by Appleyard(m): 8:46am On Jun 10, 2024 |
MrProlific95: How much does Russia pay for your active propaganda.
@Seun take note of this guy, hes is actively working against Ukrain and Israel
@Seun Protect your website and shut this guy down before your website is taken down again, you know what I am saying
He Doesn't hide his anti Semitism So the United Nations that has added Israel to the list of "child killers" is anti-semitic? The ICC that issued an arrest warrant for Benjamin Netanyahoo is anti-semitic, right? It's comments like yours above that made Bob Marley cry "Emancipate yourself from mental slavery." |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 7:08am On Jun 09, 2024 |
WrriterNg: ⚡The Ural company Fores announced a prize of 15 million rubles for the first downed F-16 fighter. The director of the company, Sergei Shmotyev, announced this at SPIEF. These Russians are funny. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 11:53am On Jun 08, 2024 |
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Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 8:20am On Jun 08, 2024 |
BentizilL0: You should not be talking here again if you have shame, none of your so called prediction called prophecy came to pass.. 1. Argentina won the world cup not France 2. Ivory coast won the Afcon not Nigeria 3. Russia did not nuke Ukraine in 2023 4. China did not invade Taiwan as you prophecy 5. Russia also did not bomb Poland..
Now tell me, who would want to take someone like you serious?..  You and that Reddit thief is in same league, nobody even dey reply him again. He don outlive his relevance..
Evidence plenty of your fake prophecy, you better go sit down one place..   |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 3:23pm On Jun 07, 2024 |
WriteerNg: ⚡Russia has the right to supply weapons “to regions from where attacks will be carried out on sensitive facilities of countries supplying weapons to Ukraine,” Putin says. It's time to up the ante. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 7:53am On Jun 07, 2024 |
WriteerNg: ⚡3 times more than at the beginning of the invasion.
Russia now concentrated a record 550,000 troops military near the border with Ukraine and in the occupied territories, Ukraine's Military Intelligence GUR says. The preparation for NATO suicide forces is in full swing. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 7:52am On Jun 07, 2024 |
WriteerNg: ⚡Russia is now the 4th largest economy in the world (PPP). So much for sanctions. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 12:19pm On Jun 06, 2024 |
usmanpogo: Appleyard just corrected you, you can't nationalize a company outside your territory, you keep using the word "nationalize" in the wrong context.
The transfer of a company (private) to the Government (public) is the simplest definition.
In this context, if France did "nationalize" those mines as you've stated then it'll no longer be the property of Niger.
As regards the Chinese taking over projects in Uganda or other African countries, I believe those projects fall under the purview of the private sector. I believe there are certain clauses that allows a foreign company to take over projects in the private sector of another country, I'm certain this is not the first time these things happen. I'm certain these countries have legal advisers, the question is, are there any discrepancies prior to the take over ? Certain conditions has to be meet before a take over could happen. He love to live in his alternate world of reality. I'm not quoting him hereafter. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 12:03pm On Jun 06, 2024 |
obedience4: How did France nationalised dose mines?? How did China nationalised projects it's built in Africa, Did the Chinese not took over Uganda airport after failure of paying debts.
Do you know how many local business have been taken over by forgien power, through deals and loans Try not to sound intelligently stupid when corrected. Contracts have clauses, especially those dealing with debts, and when those terms are broken by one party failing to meets its obligation, the other party activates the clauses in order to try and get it money back. Contractual clauses are not nationalization. You don't nationalize what is not in your territory. China didn't nationalize that airport. The take over is simply a contractual clause in dealing with the host nation that was too desperate and foolish to accept the inclusion of such clauses. Accept your wrong and move on. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 11:53am On Jun 06, 2024 |
Simeonjoe1: Armoured vehicles burn same as over dozens advance T90M littered over the field.
But the issue here is 1vs1! Who has better targeting, accuracy, rapid rate of fire adaptability, LMAO. Talking about adaptability, maybe you should read western news outlets crying out loud how Russia has successfully adapted and overcome all so-called 'game-changing' weapons they introduced into the Ukrainian war theatre. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 10:27am On Jun 05, 2024 |
WriteerNg: ⚡fReEdOm 🤡 🤡 🇺🇸 🤡 🤡 Freedom in the mud. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 9:32am On Jun 05, 2024 |
obedience4: You should stop mentioning me, Still waiting for the imaginary USN destroyer warship that was hit.
Am not asking you what France took from its formal colonies, No sir, that's not my problem right now Maybe France did exploited it's formal colonies, that maybe true, I have no issues with that, But what the difference between what Russia is doing and WHAT France did,, sooner or later the Russians would nationalised dose mines
What am pointing out is THIS, you guys have painted Russia to be the saviour of Africa They don't want anything from the continent, no no they are here to save us from the evil west, they are here because they feel the pains the continent is passing through and want to deliver us from the evil tasks masters And boom uranium mines
the sooner you know and understand, there is no saviour coming to save Africa, that the African continent is just a pawn in the bigger chess game of diplomatic and political power the better for the continent
You Guys like using the word "slave" and "master" alot here, So the conclusion of the whole matter is that case of same CHAINS but different MASTERS I tried as much as possible not to comment on posts as yours because your lot just spew emotionally driven garbage most of the times. How would Russia nationalize mines that are not located in its country? Just because you have nothing to say about Niger favoring relations with Russia as against France that has been exploiting them for years. You came out with this nonsense that sooner or later, Russia would nationalize those Uranium mines that are located in Niger. Please, be informed. A country can only nationalize what is within its territory. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 9:01am On Jun 05, 2024 |
WriteerNg: ⚡Berkshire Hathaway stock crash 100% Companies are going bankrupt all over the west, but the story is different in a sanctioned Russia. What an irony? |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 8:52am On Jun 05, 2024 |
WriteerNg: ⚡Pentagon seeks books on Russian military strategy.
The Pentagon expects to purchase 600 copies of each book by mid-June.
The Western military gets surprised every month by a new facet of Russian warfare, which they had not thought of.
Russia seems to have great strategists, who write new books every day, so to speak, by marrying new technology to new developments.
The Pentagon want to learn why their Ukrainian “pupils” are consistently losing, when applying NATO strategies. Because Nato has never fought a near-peer war all its life. And now that it has met its match, it is in complete disarray. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 8:49am On Jun 05, 2024 |
Simeonjoe1: Russia makes the best tank. T90M is the best tank system in the world.
But what happen when a 🇷🇺 T90M face 30 decades old lightly armoured 🇺🇸M2 Bradley fighting vehicle? You mean the Bradleys that has been burning or captured in Ukraine?. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 9:57pm On Jun 02, 2024 |
Kingsnairaland: https://vm.tiktok.com/ZMreeLytG/
China used it Satellite to show the damaged USA aircraft Carrier lol that USA have been hiding lol
Yemen blow open a big hole in carrier ship as the USA ran out of the red sea
Even cnn said there was a disturbing image of the ship. That's Yemen using old tech to attack and score against an aircraft carrier. Imagine what would happen to the carrier strike group if they were to face Zircons and Avangard. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 9:46pm On Jun 02, 2024 |
WriteerNg: ⚡The first Greek Air Force officer is already in Kyiv as an instructor for Ukrainians in handling F-16 fighter jets, which were provided free of charge to Ukraine by NATO member countries, Greek media claims. What some folks don't realise is that some of these so-called instructors could be working as spies, for Russia. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 1:04pm On May 30, 2024 |
Simeonjoe1: Ukrainian forces successfully hit and destroyed a Russian S-400 battery with at least one MGM-140 ATACMS tactical ballistic missile in Donetsk Oblast.
1x 96L6E radar destroyed 2x TELs destroyed 1x likely 55K6E command post destroyed 1x TEL heavily damaged
Picture 1 and 2 shows the S400 launching multiple interceptors which obviously failed to hit their target.
Picture 3&4 shows ATACMS impact. Try again... No S400 unit is deployed in Ukraine. They are stationed in Russia and Belarus. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 8:51am On May 30, 2024 |
Ibime: We were talking economics, now you are talking nonsense and rehashing the nonsense in your mind
If oil costs $70 best believe the price paid will be the rupee equivalent of $70. That's benchmarking
China is not accepting rupee, only Russia who have no choice will accept rupee. Imagine calling someone your partner and you can't accept his currency.
The above tired and clichéd diatribe should be crumpled and thrown into the waste bin. I jump and pass Your sense of economic interplay is based on jingoistic assertions as against the reality on ground. We speak reality, not some fancy fairytale world. I told you, your analysis is warped. If Ibime benchmark and list Ibime for sale at a cost of $70, and Procashtip buys Ibime for the said amount but pays in Naira equivalent and not in the actual $70, does Ibime gets to hold real dollars? No, because Procashtip did not use ollars either. So, in effect, the transaction at both ends didn't involved dollars. Your benchmarking same-effect claim is warp and irrelevant. The dollar hegemony is dying gradually for sure.  |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 6:20am On May 30, 2024 |
WritterNg: ⚡If you ever feel useless or stupid remember that the US government spent $320,000,000 on a pier in Gaza that broke down and sank a few days after completion.
😂 🤣 🤡 🤡 🇺🇸 🤡 🤡 The way corruption is ripping the US off is shamefully pathetic. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 6:11am On May 30, 2024 |
shoodboi2: The guy matter tire me. I'm still yet to see anything concrete in his madness other than leading hundreds of thousands of Ukrainians to their death. He is a psychopath. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 7:44pm On May 29, 2024 |
Ibime: Rubbish from Putins desk. The world is already multipolar. USSR had their sphere of influence and already failed. Multipolarism is what Hitler and Japanese emperor tried. Nobody likes chaos.
You can sell whatever in whatever currency you like, but guess what, you will still benchmark to the dollar and only sell in currencies that have the ability to maintain parity to the dollar, which China does. Thereby achieving the same effect
80% of the countries in this world are unable to guarantee stability to the dollar, nobody will sell oil to you in Naira, Rubles or Turkish lira knowing it could lose value tomorrow
China is a parasite of the USA, that's why they keep touting their Mutually Assured Economic destruction mantra. If USA goes down, China goes down. Their whole economy is dependent on USA and the West. Below are Chinas volume of export by country, by materiality China serves as the workhouse of the West, who can switch production elsewhere if China decide to commit financial suicide. Capital dictates outcomes. He who pays the piper dictates the tune. Self delusion is a disease worst than ALS. There was never a multipolar world as far as western economic and political diktats are concerned. At least, not until the unprecedented economic rise of China since the past two decades to the present time, and the military reassertiveness of present-day Russia, a decade after the demise of the Soviet Union. The combination of these two is causing a global shift, giving nations that were once subjugated and unable to take daring steps the freedom to live free from the shackles of western gunboat diplomacy. Now, so-called dictators like Assad can stay in power because powers like Russia says so when the west says he must go. That's multipolarism. African nations can now dare to kick out French and US military bases from their countries because they got the backing of Russia and China driving the multipolar world, something that was unthinkable many years ago. That's multipolarism. Dozens of nations are now running to join BRICS because it gives them the yardstick to at least act independently as sovereign nations, on equal terms and respect to their statehood, away from the US-led western economic and political chokehold. Multipolarism undermines the US-led western diabolic and oppressive economic and political hegemony. Take it or leave it, multipolarism is real, is alive, and is here to stay. No, you're not allowed to trade oil in any currency other than the USD via the Brentton Wood arrangement, and the US made sure of that, especially against third-world states. Saddam tried it, and Qaddafi attempted it, and we all knew what happened to them. Stop making excuses for the west who are not even hiding their evil deeds anymore. The dollar is declining in use and that's a fact. Nations that are pivoting away from the dollar don't give a dime about benchmarking in it. Your analysis are warped.  India just inked a huge deal with Russia on oil in billions. And guess what? It was settled completely in Rubles. In fact. JP Morgan reported that in 2023, a fifth of all oil crossborder trades were done in non-dollar currencies. And that trend is increasing to other commodities as we speak. Nations are now actively seeking alternatives to the dollar in order to safeguard themselves from the US weaponizing it. If BRICS comes up with a form of currency next year as being envisaged, the dollar global usage would plummet even further. China is a parasite to the USA? Just as the USA is pathetically dependent on China to stay competitive in the consumer goods market. Yellen was in Beijing last month practically begging China to not overproduce goods so theirs can stay competitive. LMAO.  Even Ursula has been dispatched by the EU to China on the same topic. I don't even know what to say to you on this.... The earlier you realise that western hegemony is declining along with their "soft power" the better for your sense of reality. China isn't responsible for the pathetic US supply chains problem and deteriorating infrastructure that's fast looking like the Eleventh plague of Biblical Egypt. In fact, USA and the collective west now relies more on China than China relies on them. Japan, Hong-Kong, South Korea and a host of the nations you posted up there aren't the west. You're losing it Ibime. China had been conducting deals lately in currency other than the dollar. Last year and early this year, it performed a huge trade deal with UAE, Russia, and Iran in currencies that does not include the dollar. Not to mention it recent dumping of billions of dollars worth of US bonds. China says you can shove your financial suicide myopic assertions down your western blinded jingoistic make-belief. Times have change, and more changes are in the offing. Once again, welcome to multipolarism.  |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 9:53am On May 29, 2024 |
shoodboi2: I don die 🤣🤣🤣 So what is Zelensky fighting for at this point? Reality does not matter to a drug addicted comedian. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 6:18pm On May 27, 2024 |
Procashtips: You're a correct time waster.
Operation SIO. long over due. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 6:17pm On May 27, 2024 |
shoodboi2: Maybe you should pay attention to your own links.
Your link states that your so-called deputy supreme leader was in office until 13 March 1989. Your link also states that the current Supreme leader, Ali Khamenei, was appointed after the death of the previous Supreme leader in June 1989.
June comes three months after March, unless you have your own special calendar where June comes before March.
So, obedience4, how is it possible for the current Supreme leader to dissolve an office that stopped existing three months earlier, in order to "make his position safe" as you claimed?
Do you see that you are not okay? You just looked for a link online and posted it without even reading what you posted. Yet, you call yourself an expert in Iran affairs, but don't even know that Iran no longer has a deputy Supreme leader, or that the dates of your claims don't match.
As usual, I expect you to begin twisting things to suit your narrative. I swear you would make a good detective.  |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 6:12pm On May 27, 2024*. Modified: 4:32pm On May 28, 2024 |
Ibime: Talk materiality not caveman analysis
This is what drives dollar demand, trillions of our pensions and savings being held by BlackRock and co, not few billions held by countries, not to mention the money held by individuals and companies who are transacting in dollar daily
That's before we even get to other asset managers, 2 of whom individually hold more than all countries combined.
90% of BlackRock holdings are in America or Europe or friendly nations
That's the materiality aspect, not to mention the fact that nobody in the world will hold their assets in Yuan, when Chinese themselves don't use Yuan but renmibi which is only for internal Chinese to use..
Two conditions always apply to the dominant currency of the world. It must be freely traded and the issuer must be the dominant naval power in the world. That has always applied whether it was the Roman Denarius, the Spanish Real, the British Pound or the American dollar and that's not changing anytime soon.
You also think countries like India will take leadership from the Chinese who are their geopolitical enemies and constantly pressuring them with Pakistan and the likes. Don't let BRICS fool you, nobody trusts their future to the autocratic Chinese whose Government have few humanist values. You keep missing the point because you're living in self-denial. Companies no matter what they represent in monetary value are just companies subject to financial rules and financial trends imposed and driven by state actors. Stop wallowing in your make-believe world. If the dollar's gradually declining use accelerate to a significant level, it's companies like BlackRock that would first start turning the tides away from it and towards the new trend to ensure their own safety. BlackRock isn't a brainwashed religious extremist-like company wired to die with a crumbling fiat paper.  The current geopolitical landscape is one driven by a desire to embrace multipolarism as against western hegemonistic powerplay. Indian and China has their beef long before they decided to join forces with other states to form BRICS. And that's where folks like you are missing it. No one is nor would be taking orders from anyone...Everything is done on the basis of equality, with mutual respect for each and everyone involved. In BRICS and in the new world order it has brought, there are no second class nations or subordinate states. No one cares whether you're practicing plutocracy, autocracy, stupidcracy, or demoncrazy (as in the so-called west)...just a group of nations coming together to achieve a common goal....economic fairness, parity, and freedom from years of diabolic western economic and political diktats, sabotage and unfair praftices.Who could ever have thought there would come a time when Saudi Arabia would dare sell oil to a major buyer in a currency other than the dollar? Well, it happened, and that is history now. Thanks to multipolarism, the new sheriff in town.  |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 12:52pm On May 27, 2024 |
Ibime: Come back in 2 decades if you are still alive
I just told you BlackRock alone has more Assets Under Management than all countries reserves combined, with jara left, you still dey do caveman analysis, counting billions in foreign reserves when people are holding trillions in dollar denominated assets
Your father never used dollar 20 years ago, today you use dollar in various forms from paying for courses to crypto. Don't sound childish. BlackRock is a company, not a state. It is subject to state financial rules and regulations. If push comes to shoves and the governing state where it or it's subsidiaries operates introduce monetary policies that undermine the use of the dollar, BlackRock would simply have to comply, sell of its dollar holdings since it cannot use them overwhelmingly in its business dealings with certain clients and third parties. So, it's holdings are immaterial in terms of financial market regulations. Talk of the people that matters ... States and their financial regulating agencies and organizations. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 4:34pm On May 26, 2024 |
Ibime: Here is something you don't understand
Dollar as a percentage of countries foreign reserves has been declining since 2000 with the introduction of the Euro currency, but countries foreign reserves are increasing exponentially so in actual terms. dollar holdings are rising
The Euro was supposed to be the dollar killer. It took marketshare but the overall dollar holdings increased
Countries that used to have $50bln in reserves are having $300bln plus now
50% of $300bln is better than 80% of $50bln
The Euro chopped the 30% but overall dollar demand is rising amongst countries, not to talk of the common man across the world who always holds dollar. How many Nigerians were holding dollar in 2000 compared to now? Even 90% of the Putards on this thread have held or used dollar, something the average Nigerian didn't do 20 years ago.
Not to mention Financial institutions. BlackRock alone has more dollar denominated assets under management than all countries in the worlds reserves put together. Just dey play with your caveman analysis from Putins desk Your jingoistic analytical underplay vis-a-vis the US dollar and the harsh realities of the current global economy intertwined in US geopolitical bullying is not only self-glorifying but pathetically myopic. Now, take a gad damn seat, grab a world map, list out the countries in it, and divide them into developed and developing nations. Done? Now, ask yourself, among the developing nations of the world, how many of them have recorded growth in their foreign reserves for the last decade, particularly since COVID-19, Let alone "exponential growth? Let me help you... 75% of all the developing nations of the world have experienced a decline in their foreign reserves for the past years. This is unprecedented because you have more nations in the "developing class" than you have in the "developed class." Now. Among the developed nations, how many of them have seen a huge rise in their share of US dollars in their foreign reserves? How many of them hold the dollar as a percentage of their foreign reserves account than their own national or regional currency as in the case of the Euro? Even among the developed nations, many are looking for ways to cut down dependence on the US dollar. Contrary to what you want to believe, those central banks whose foreign exchange reserve has increased for the past 20 years, their percentage in US dollars has dropped significantly from 70% to 60 between 2000 to 2022. The threat to the US dollar as a base currency is real. No thanks to the US government weaponizing it as a geopolitical and economic weapon to inflict pain on perceived adversaries. This has set alarm bells ringing across the world, particularly in the wake of the Ukrainian crisis. Nations that were in the past merely considering looking for alternatives to the dollar have been given an excuse to take actionable steps in that direction. For instance, for the first time since the Brenton Woods arrangement, Saudi Arabia and the UAE settled oil trades in currencies other than the US dollar. The emergence of BRICS has added more fuel to the already heating fire. Guy, there is a reason why the potential incoming Donald Trump's economic team is now considering ways to stop nations from moving away from the US dollar. Even recently, Biden's economic officials decry the threat facing the US dollar. And it's rightly so. This excerpt said it all... "The US economy’s share in the world’s output is falling as emerging economies, especially China, continue to outgrow the US and its Western partners. China, the US’s biggest economic competitor, is now the main trading partner to more than 120 countries, with exports amounting to more than US$3.6 trillion (£2.8 billion). This risks leaving the US behind in the race for global trade dominance. Over the last 20 years, China’s share of the global economy has more than doubled from 8.9% to 18.5% while the US’s share declined from 20.1% to 15.5% in purchasing power parity terms (which compares prices of specific goods to determine currency purchasing power). Last year, the BRICS economies (fast-growth developing countries Brazil, Russia, India, China, and South Africa) overtook those of the G7 (developed economies US, Canada, UK, Germany, France, Italy, Japan, and Germany) based on their share of world GDP in purchasing power parity terms. " With more nations poised to join the BRICS, and with a new currency set to debut possibly next year when the next BRICS summit is held in Brazil coming year, the dollar's decline is set to continue. No one is saying that the dollar will lose its supremacy tomorrow. It would take one or two decades for that to happen. However, the path has been laid, and from all indications, there is no going back. |
Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by Appleyard(m): 7:12am On May 25, 2024 |
Ibime: Reflect it in the price make we see I'm not debating it's value. I'm talking about it's steady growing decline in usage. |