The impact of currency devaluation varies; it can be beneficial for borrowers. Many countries take on debt. However, nations like Japan, the UK, Canada, Belgium, and other developed countries holding US debt should be concerned.
China will not decouple from the US dollars but keep it on a VAD machine. In the meanwhile, in the BRICS countries, they can use their own currency to trade or cryptocurrency such as tether. No need to go through the SWIFT. US farmers recently have a hard time gauging the correct type of grains to plant in the next seasons. Instead China having been buying from countries that US have sanctioned.
@@alexjohansson5232 Whenever the US prints a lot of money, others have to follow, otherwise their exports become expensive. So when these countries print money, the savings of the people get diluted. The further down the chain of supply, the more inflation will be felt. It’s how inflation is exported from the US.
The faster the de-dollarisation is the better. It must be done as soon as possible so the US can test its own medicine and slow down its hegemony worldwide.
@@HaroldKimTV apparently, you condone stealing...like what the Brits did in the 1800s, etc etc etc. I hope no enemy comes to your house someday and steal your stuff and you say that's not right
## Singapore's Trade Decline and Malaysia's Hi-Tech Rise: Replacing Singapore Amid the Globally Anticipated Incoming U.S. Great Depression and Global Expectation of Dollar Collapse to Pariah Status ### Trade Threatened by Thailand Land Bridge The Thailand Land Bridge undermines Singapore's maritime trade, creating challenges for its economy, especially as a potential U.S. Great Depression looms. ### Malaysia's Emergence as a Replacement for Singapore in the Hi-Tech Sector 1. **World-Class Infrastructure with Cost Advantage**: - Malaysia's world-class infrastructure, combined with a lower cost of living, attracts tech firms seeking stability during economic downturns. 2. **High-Value Added Investment Incentives Amid Land Scarcity**: - Government support for high-value added industries could draw investment away from Singapore, where land scarcity and high living costs leave businesses stuck with limited growth opportunities. 3. **Race to Lead the Global Chip Powerhouse**: - Malaysia is positioning itself in the race to become a leader in the newly emerging global chip industry, enhancing its competitiveness against its peers among Asian tigers, including South Korea, Japan, and Taiwan. 4. **New Rush for Global Supply Chain Alternatives**: - Global hi-tech companies are flocking to Malaysia, utilizing its world-class infrastructure and explosive semiconductor sector for viable supply chain options, especially amid shifting U.S. trade relations with China and Russia. ### Conclusion As Singapore's trade declines and the U.S. economic situation worsens, Malaysia is poised to rise as a replacement for Singapore in the global hi-tech sector. This transition could occur as early as 3 to 5 years, significantly contributing to Singapore's subsequent downfall, driven in part by the Thailand Land Bridge's impact on trade dynamics. As Malaysia emerges as the newly ascendant Asian tiger, it is set to reshape the region's economic landscape.
When the US prints a $100, it costs 7 cents but the US demands $99.93 in goods and raw materials from the global South. The US gains a low inflation and interest rate from this inflow of cheap goods and material - that actually cost 7 cents to the US but attracts nominal value of $99 worth of goods. For the US this means rather than just 7 cents worth of goods circulating its economy, it has $99 worth of goods, as a result it can increase its money supply through credit expansion to bridge this gap. Meaning US speculators (and its middle class) can borrow the difference in the gap (btw actual and nominal cost of goods) cheaply to invest in its property and stock market. This represents a significant transfer of wealth to US middle class households with 58% holding stocks and 66% property owners This continuous inflow of borrowed money (credit) leads to further rises in the valuation of property and stocks, representing a continuous transfer of wealth - to the middle class, who are able to increase their consumption and investment from the capital gains they earn thru investments and property. Leading to further printing (or credit growth) for more consumption and speculative investment. The problem is, manufacturing industry (and jobs) declines while the service industry (lawyers, accountants, hedge funds, banks, private equity etc) increases. This stems from holding down the price of goods through imports while increasing the productivity of service workers through technology-enabled transaction turnover i.e. the more transactions service workers engage in the more the nominal value of service productivity. For example, a car salesman is no longer wholly productively judged by the amount of physical goods (cars) he sells but by the amount of financial transaction (such as loans and insurance) he creates attached to such car sales.
Gains lower inflation at the rest of the world expense. US’s biggest export is the USD and global inflation. Countries with weak fundamentals suffer more with higher inflation while stronger currencies are dragged along abide at a slower rate. If USA is like Timbuktu, the local Big Mac meal would have costs USD50 by now.
it's ok if you don't keep borrowing money to finance that...but it seems the country keeps borrowing money and giving it to the middle class as you said...so is it just to placate the masses for political points? Meanwhile you destroy the so called country loved by its citizens for their own personal gain?
This guy is spot on. He also made a speech at EUI. Please Google his name and you can watch a few of his speeches. The other 3 worth watching closely are Professors John Mearsheimer, Jeffrey Sachs and Kishore Mahbubani.
The actions of the USA's administration and legislators in freezing the USD deposits of Russia and Afghanistan held in Western banks had alerted other countries of the high risk in holding USD as reserves. Hence this movement away from the holding and the use of USD will continues until USA put it's house in order. This may take some time to do if at all possible. US debt had gone pass the USD 35trillion mark and seems to continue to increase daily. Very worrisome of a debt repayment default happening.
just like in 1970, they will come up with a new thing, making it seem valuable, to make countries and people lap it up...we will see. Remember when they decoupled the USD from gold? Exact same thing was happening then as it is happening now. and to make it have value, they tied it to the oil reserves in Saudi Arabia by giving them so called protection in exchange for making the USD the medium of exchange. Let's see what they will come up next? Maybe tie it to Bitcoin...😂😂😅😅🤣🤣
"Rules based order" rhetoric is irritating but what's really irksome is "our shared values".US government has no values except greed jealousy and revenge.
That's a blatant LIE. All vassals states must be subjected to US$ usage. G7 n fake BRICS must accept US currency for payment of goods n services. Hypocrites deceivers
Their problems are that the Anglo-American international system was built on unfair trades, and theft of the resources is now no longer working. The good old days are now vanishing dreams
The same people who scream about the end of the dollar will the same people who line up each year for the latest iPhone. Unless the world stops buying American products and services, don't even hallucinate about replacing the US dollar
@@wtIUpITp1E0wMsydV19c0FUmIXvCUIt's less about goods like Smartphones. Many use Chinese or Korean alternatives. The main dominance is the tech sector. TH-cam, Facebook, etc.
Yes, it will happen. There will be 2 systems. China & Russia will make it happen. With $35 trillion debt with no desire to resolve...that will be $40 trillion soon
As chris says, the bases/nato are an empire enforcement mechanism. The shipping lanes are not protected but controlled by the empire even In far away seas.
Because it was backed by their military. Whoever refuse to use the usd, like Iraq and Libya, got some doses of American style "freedom and dêmókrazy"...
The world’s strongest military protects the USD. Which nation dare to challenge it? Saudi Arabia agreed to sell its oil only in USD otherwise the US will attack it like it did to Iraq and Libya.
China cannot even create jobs for millions of Chinese graduates! Millions of jobless Chinese n even came to S'pore to commit thefts in our homes in Bukit Timah n Holland Road ! George Yeo stop becoming CCP mouthpiece! So embarrassing, George Yeo!
Absolute TRUTH!! God is about our autonomy in who we are individually, this idea is extended to who we are as a people, and as a country!! We all have something to bring to Humanity's table, as a people, and a country.
Mr Yeo. Your colleagues in the Singapore cabinet today do not share your objective view of the geopolitics situation and are still leaning towards the western hegemons.
Even US allies must tap into this 'alternative' market or see their markets decline as the dollar trade shrinks. Every central bank is hedging their dollar reserves with gold which is still a primary monetary resource. The western financial institutions may not join China's "Belt & Road", but they need their products to travel on that infrastructure. Europe is now painfully aware that decoupling/derisking/deleveraging from China also means foregoing the market for 350M middle-class Chinese CONSUMERS, who are soon to be joined by 350M more BRICS+6 consumers. That is more than the populations of the US and EU. Where else in the world are they going to build such a consumer market. Some analysts will look to India, with the world's largest population, but India has 350M BEGGARS that have no opportunity for mass consumer spending.
No one seems to be commenting on the true extend the US is parasitising on the rest of the world. We, the users of USD, are subsidizing the uncontrolled spending of the US government. We ARE subsidizing the US funding of the Ukraine war and the Gaza war! Every shipment of arms to those two wars are subsidies by us... the USD users! Think about that. Do we want that?
## Singapore's Trade Decline and Malaysia's Hi-Tech Rise: Replacing Singapore Amid the Globally Anticipated Incoming U.S. Great Depression and Global Expectation of Dollar Collapse to Pariah Status ### Trade Threatened by Thailand Land Bridge The Thailand Land Bridge undermines Singapore's maritime trade, creating challenges for its economy, especially as a potential U.S. Great Depression looms. ### Malaysia's Emergence as a Replacement for Singapore in the Hi-Tech Sector 1. **World-Class Infrastructure with Cost Advantage**: - Malaysia's world-class infrastructure, combined with a lower cost of living, attracts tech firms seeking stability during economic downturns. 2. **High-Value Added Investment Incentives Amid Land Scarcity**: - Government support for high-value added industries could draw investment away from Singapore, where land scarcity and high living costs leave businesses stuck with limited growth opportunities. 3. **Race to Lead the Global Chip Powerhouse**: - Malaysia is positioning itself in the race to become a leader in the newly emerging global chip industry, enhancing its competitiveness against its peers among Asian tigers, including South Korea, Japan, and Taiwan. 4. **New Rush for Global Supply Chain Alternatives**: - Global hi-tech companies are flocking to Malaysia, utilizing its world-class infrastructure and explosive semiconductor sector for viable supply chain options, especially amid shifting U.S. trade relations with China and Russia. ### Conclusion As Singapore's trade declines and the U.S. economic situation worsens, Malaysia is poised to rise as a replacement for Singapore in the global hi-tech sector. This transition could occur as early as 3 to 5 years, significantly contributing to Singapore's subsequent downfall, driven in part by the Thailand Land Bridge's impact on trade dynamics. As Malaysia emerges as the newly ascendant Asian tiger, it is set to reshape the region's economic landscape.
Yes fully agreed. It's time to humble the arrogant and becoming a bully to others. It is actually nothing new, human reaction towards this kind of nature is to gradually and surely send a strong message to the bully to behave themselves respectfully. Only the u.s choose to be indirectly blind to the fact. If I can think of it on a small scale, although it may be difficult on a large scale but it is not impossible. It's about time u.s behave like a proper human.
Time for US to step down from its number one position in the world order. I expect the dedollarization of the USD to accelerate in future, as BRICS alternative monetary system takes increasing importance.
Politicians and central banks are two separate entities. Dedollarization is just politics played by politician and businessmen all over the world doesn't care about it.
I have made over $700 k from a $ 100k capital so far since I decided to make and see changes in my money, I have had a succession of payouts from trading Forex, I recently diversified some into dividend paying Stocks and for long term hold, so it doesn’t matter the inflation again
Wow, well the Forex market is the biggest market in the world and definitely very profitable as I have heard severally but I haven't traded before which I will like to do now, can you guide me on that
Throughout history, world reserve currencies come and go. U.S. dollar is no exception. One day, U.S. dollar will no longer be the most dominant currency.. just a matter of time..
Fantastic video🔥🔥! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??
Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies.
If you are trading without a professional guide... Ah, I laugh, because you will stay where you are or even suffer huge losses that will prevent you from trading, this has been one of the biggest problems for new traders.
In light of the increasing extrajudicial sanctions imposed by the United States, it is prudent for global nations to explore alternatives to the US dollar. Diversifying our financial systems can enhance economic sovereignty, foster resilience, and promote fairer trade practices. Embracing this transition could lead to a more equitable and stable global economy.
Even if the BRICS countries adopt their own financial messaging system, the SWIFT system would still function as it does now for the rest of the world. Parallel Systems: The BRICS system would operate alongside SWIFT, providing an alternative for transactions between BRICS countries and potentially other interested nations. Global Usage: SWIFT is deeply integrated into the global financial system, with over 11,000 financial institutions in more than 200 countries using it. It would continue to be the primary system for countries outside the BRICS alliance.
Indeed, we do need to rethink! We need an alternative, how can the edgemontic Dollar has its own way wildly while other countries are suffering? We need an alternative to balance the lopsided chaos.
Absolutely agreed with Mr. Yeo!!
Weaponizing the dollar was the biggest mistake the US made and that triggered its downfall. Which nation wants to be the next target?
US IS THE AUTHOR OF ITS OWN MISFORTUNE.
There Is No Need For America To Look To The Left And RightTo Blame.
😊
But Dollar is still the king
@@ZuhaBuba Yes, sure. The question is for how long ? Just look at the gold price . British pound Sterling was once the King.
@@ZuhaBuba Not for long!
India, Philippines, Japan
When the US prints money, our savings are diluted, this is the tax for using the dollar.
The impact of currency devaluation varies; it can be beneficial for borrowers. Many countries take on debt. However, nations like Japan, the UK, Canada, Belgium, and other developed countries holding US debt should be concerned.
China will not decouple from the US dollars but keep it on a VAD machine. In the meanwhile, in the BRICS countries, they can use their own currency to trade or cryptocurrency such as tether. No need to go through the SWIFT. US farmers recently have a hard time gauging the correct type of grains to plant in the next seasons. Instead China having been buying from countries that US have sanctioned.
@@yvvonelee5026 Thank you China for not buying food from Europe. Finally, we started to have afordable prices.
Is the USA the only country guilty of printing money?
@@alexjohansson5232
Whenever the US prints a lot of money, others have to follow, otherwise their exports become expensive. So when these countries print money, the savings of the people get diluted. The further down the chain of supply, the more inflation will be felt. It’s how inflation is exported from the US.
Mr Yeo is from the old school and understand the geopolitical situation of the present times.
Dont under estimate the US. Certainly when it come from a pro Western ex politician
…without the US he could be speaking Japanese 🤭
...so, without the u.s. you would be writing in Japanese, hai ??@@PP-vf1kx
He speaks the CCP anti-American narrative. China wants that soft power America has
Really??
I have been waiting for this moment since 2009, finally it's happening. Bye bye America
bye，and have：one world，one canneNCy and one US $(one note) bye！1 China😂😅😂😅
So well n succinctly expounded. Tks Mr Yeo
The faster the de-dollarisation is the better. It must be done as soon as possible so the US can test its own medicine and slow down its hegemony worldwide.
When a dog start to bite every hand that feeds him, he doesn't last long.
the China dog ?
The snake can't help itself. It exists to bite. The dollar is the goose that lays the golden eggs for the snake. Yet, the snake is biting it to death.
Well-spoken Mr. Yeo.
America is a big balloon waiting to burst..
No one talks about all the gold and art that was pilliaged by the US after they invaded certain countries.
The price of war is not free. It makes sense to get all those gold and reserves.
@@HaroldKimTV u are joking right?
exactly...
@@HaroldKimTV apparently, you condone stealing...like what the Brits did in the 1800s, etc etc etc. I hope no enemy comes to your house someday and steal your stuff and you say that's not right
@@noefvon This is part of history. This is already done, it is the past. You cannot change it. The economics of war is not free.
Most countries always wanted to leave the dollar and now they can do it without being killed.
The USD almost makes everything expensive world wide to increase in value while the average struggle
s an Australian I believe we should concentrate on Asia and the Global South more
They don't want you now
## Singapore's Trade Decline and Malaysia's Hi-Tech Rise: Replacing Singapore Amid the Globally Anticipated Incoming U.S. Great Depression and Global Expectation of Dollar Collapse to Pariah Status
### Trade Threatened by Thailand Land Bridge
The Thailand Land Bridge undermines Singapore's maritime trade, creating challenges for its economy, especially as a potential U.S. Great Depression looms.
### Malaysia's Emergence as a Replacement for Singapore in the Hi-Tech Sector
1. **World-Class Infrastructure with Cost Advantage**:
- Malaysia's world-class infrastructure, combined with a lower cost of living, attracts tech firms seeking stability during economic downturns.
2. **High-Value Added Investment Incentives Amid Land Scarcity**:
- Government support for high-value added industries could draw investment away from Singapore, where land scarcity and high living costs leave businesses stuck with limited growth opportunities.
3. **Race to Lead the Global Chip Powerhouse**:
- Malaysia is positioning itself in the race to become a leader in the newly emerging global chip industry, enhancing its competitiveness against its peers among Asian tigers, including South Korea, Japan, and Taiwan.
4. **New Rush for Global Supply Chain Alternatives**:
- Global hi-tech companies are flocking to Malaysia, utilizing its world-class infrastructure and explosive semiconductor sector for viable supply chain options, especially amid shifting U.S. trade relations with China and Russia.
### Conclusion
As Singapore's trade declines and the U.S. economic situation worsens, Malaysia is poised to rise as a replacement for Singapore in the global hi-tech sector. This transition could occur as early as 3 to 5 years, significantly contributing to Singapore's subsequent downfall, driven in part by the Thailand Land Bridge's impact on trade dynamics. As Malaysia emerges as the newly ascendant Asian tiger, it is set to reshape the region's economic landscape.
We should but we won't.
I lost respect for Australia when they boycotted China to make America happy
American should thanks netanyahu for speeding the downfall of US
When the US prints a $100, it costs 7 cents but the US demands $99.93 in goods and raw materials from the global South. The US gains a low inflation and interest rate from this inflow of cheap goods and material - that actually cost 7 cents to the US but attracts nominal value of $99 worth of goods.
For the US this means rather than just 7 cents worth of goods circulating its economy, it has $99 worth of goods, as a result it can increase its money supply through credit expansion to bridge this gap.
Meaning US speculators (and its middle class) can borrow the difference in the gap (btw actual and nominal cost of goods) cheaply to invest in its property and stock market. This represents a significant transfer of wealth to US middle class households with 58% holding stocks and 66% property owners
This continuous inflow of borrowed money (credit) leads to further rises in the valuation of property and stocks, representing a continuous transfer of wealth - to the middle class, who are able to increase their consumption and investment from the capital gains they earn thru investments and property. Leading to further printing (or credit growth) for more consumption and speculative investment.
The problem is, manufacturing industry (and jobs) declines while the service industry (lawyers, accountants, hedge funds, banks, private equity etc) increases. This stems from holding down the price of goods through imports while increasing the productivity of service workers through technology-enabled transaction turnover i.e. the more transactions service workers engage in the more the nominal value of service productivity. For example, a car salesman is no longer wholly productively judged by the amount of physical goods (cars) he sells but by the amount of financial transaction (such as loans and insurance) he creates attached to such car sales.
It's time to stop that gambling.
Gains lower inflation at the rest of the world expense. US’s biggest export is the USD and global inflation. Countries with weak fundamentals suffer more with higher inflation while stronger currencies are dragged along abide at a slower rate. If USA is like Timbuktu, the local Big Mac meal would have costs USD50 by now.
it's ok if you don't keep borrowing money to finance that...but it seems the country keeps borrowing money and giving it to the middle class as you said...so is it just to placate the masses for political points? Meanwhile you destroy the so called country loved by its citizens for their own personal gain?
Other countries are used to make US buy things for practically free. And yet US still wants to bully all the countries. Biggest Bully In The World.
This is probably the main reason why the US dollar is universally despised. It's a straight up scam.
The American shell game is up. The rest of the world is moving away from USD, and the pace is quickening.
Countries are seeking alternatives true, but the USD is trading normally against its 1972 DXY benchmark.
@@petersinclair3997 it takes time. Someone posted a comment that Rome didn't fall in a day.
This guy is spot on. He also made a speech at EUI. Please Google his name and you can watch a few of his speeches. The other 3 worth watching closely are Professors John Mearsheimer, Jeffrey Sachs and Kishore Mahbubani.
All these guys are clear compromisers of US dominations. Cannot reject US $
Bircs is good for the world he is right
The actions of the USA's administration and legislators in freezing the USD deposits of Russia and Afghanistan held in Western banks had alerted other countries of the high risk in holding USD as reserves.
Hence this movement away from the holding and the use of USD will continues until USA put it's house in order.
This may take some time to do if at all possible.
US debt had gone pass the USD 35trillion mark and seems to continue to increase daily.
Very worrisome of a debt repayment default happening.
just like in 1970, they will come up with a new thing, making it seem valuable, to make countries and people lap it up...we will see. Remember when they decoupled the USD from gold? Exact same thing was happening then as it is happening now. and to make it have value, they tied it to the oil reserves in Saudi Arabia by giving them so called protection in exchange for making the USD the medium of exchange. Let's see what they will come up next? Maybe tie it to Bitcoin...😂😂😅😅🤣🤣
Boycott western Japan n Taiwan products
The "rules based order"! What a clown order. 🤣🤣🤣🤣🤣🤣🤣🤣
"Rules based order" rhetoric is irritating but what's really irksome is "our shared values".US government has no values except greed jealousy and revenge.
Has anyone got a copy of those rules??? I have never seen any of them
@@willfiala1859 my world, my rules....😂😂😅😅🤣🤣
Whose rules? Whose order?
Whose winners?
Whose losers?
@@willfiala1859Well, those rules are in the air - very well hidden - no one can see but can only imagine.
US toilet paper💩💩💩💩💩
Chinese yuan is toilet paper ! 😂
@@SuperEmouse...yanks Will be poor overnight...
Sorry, toilet paper is printed from virgin paper pulp, but the American dollar is printed from used clothing.
So true 👍👍 Time for an alternative
BRICS WAS NEVER MEANT TO DETHRONE THE US$. BRICS SIMPLY OFFERS THE WORLD AN ALTERNATIVE TO FREE THEMSELVES FROM US$ ENSLAVEMENT😂😂
That's a blatant LIE. All vassals states must be subjected to US$ usage. G7 n fake BRICS must accept US currency for payment of goods n services. Hypocrites deceivers
👍👍👍
china debt trap ?
And Sg wasn't allowed to join BRICS for its support of Ukraine while freezing Russian assets.😂 other Asean countries have joined.
@azreyevans1843 - u think Singapore so stupid bto join? nothing good will BRIC do
US golden goose is dying by suicidal abuses of power. At best the goose has developed into a lame duck if not half dead.
Their problems are that the Anglo-American international system was built on unfair trades, and theft of the resources is now no longer working.
The good old days are now vanishing dreams
The same people who scream about the end of the dollar will the same people who line up each year for the latest iPhone. Unless the world stops buying American products and services, don't even hallucinate about replacing the US dollar
@@wtIUpITp1E0wMsydV19c0FUmIXvCUIt's less about goods like Smartphones. Many use Chinese or Korean alternatives. The main dominance is the tech sector. TH-cam, Facebook, etc.
Yes, it will happen. There will be 2 systems. China & Russia will make it happen. With $35 trillion debt with no desire to resolve...that will be $40 trillion soon
Such irony, U$UK was hoping to bleed Russia dry, but they ended up bleeding themselves dry, they are self isolating themselves. LOL
U.S. PRINTED GREEN PAPER WILL SLOWLY TURNING TO WHITE TOILET PAPER.
They are like a old mobile with a punctured tyre trying hard to outdrive China which is a sports car. 😂
As chris says, the bases/nato are an empire enforcement mechanism. The shipping lanes are not protected but controlled by the empire even In far away seas.
What ever you said is true and fact, thanks for explaining in details. God bless you
All of Asia should have started boycotting the use of US Dollar
Say's who?
Very good, excellent, thank you 😎
IOUs paper is not an "underlying asset"
Very good explaination🎉
ASEAN nations joining BRICS will make headache for USD even severe.
BRICS should make their own currency like euro 💶
Big thanks to Mr. Yeo
It's weird. A currency that can be printed out of thin air remains strong.
Because it was backed by their military. Whoever refuse to use the usd, like Iraq and Libya, got some doses of American style "freedom and dêmókrazy"...
Most USD aren't printed , it's just numbers in the bank account.
The world’s strongest military protects the USD. Which nation dare to challenge it? Saudi Arabia agreed to sell its oil only in USD otherwise the US will attack it like it did to Iraq and Libya.
It's heading for a meltdown starting from this month . Wait till the Moscow BRICS is over , and hear out for the all important announcement
That is the power of U$ propaganda, the very best!
Got all my US dollar bills taped and rolled ready for the toilet, happy inflation USA
Go China 🤜🤛👏🙌👐 We are with you.
China cannot even create jobs for millions of Chinese graduates! Millions of jobless Chinese n even came to S'pore to commit thefts in our homes in Bukit Timah n Holland Road ! George Yeo stop becoming CCP mouthpiece! So embarrassing, George Yeo!
Absolute TRUTH!! God is about our autonomy in who we are individually, this idea is extended to who we are as a people, and as a country!! We all have something to bring to Humanity's table, as a people, and a country.
Dedollarization will bring 10,000 percent inflation to America .
Democracy means people’s choice too, to decide. So now there’s USD & BRICS. What’s wrong with that?
Ditch it all
As quick as the US $ cease to be international currency it will be better for the world
Imperial arrogance will face its match. This train has left the station.
Dedollarization is the future. There is no turning back.
STOP CORRUPTION IN OTHER ECONOMIES.
Mr Yeo. Your colleagues in the Singapore cabinet today do not share your objective view of the geopolitics situation and are still leaning towards the western hegemons.
Your colleagues are enjoy big salaries and some living in big houses and pay little for it.
US is like now standing with one more leg.
China is in trouble! 😂
U$ is akin to a Stage 4 cancer!
This bloody american empire that have blood on their hands needs to go
Reducing depence on dollar should be done by all countries
Even US allies must tap into this 'alternative' market or see their markets decline as the dollar trade shrinks. Every central bank is hedging their dollar reserves with gold which is still a primary monetary resource. The western financial institutions may not join China's "Belt & Road", but they need their products to travel on that infrastructure. Europe is now painfully aware that decoupling/derisking/deleveraging from China also means foregoing the market for 350M middle-class Chinese CONSUMERS, who are soon to be joined by 350M more BRICS+6 consumers. That is more than the populations of the US and EU. Where else in the world are they going to build such a consumer market. Some analysts will look to India, with the world's largest population, but India has 350M BEGGARS that have no opportunity for mass consumer spending.
No one seems to be commenting on the true extend the US is parasitising on the rest of the world. We, the users of USD, are subsidizing the uncontrolled spending of the US government. We ARE subsidizing the US funding of the Ukraine war and the Gaza war! Every shipment of arms to those two wars are subsidies by us... the USD users! Think about that. Do we want that?
Finally, you guys woke up and faced the reality by not walking blindly! 😊😊😊
## Singapore's Trade Decline and Malaysia's Hi-Tech Rise: Replacing Singapore Amid the Globally Anticipated Incoming U.S. Great Depression and Global Expectation of Dollar Collapse to Pariah Status
### Trade Threatened by Thailand Land Bridge
The Thailand Land Bridge undermines Singapore's maritime trade, creating challenges for its economy, especially as a potential U.S. Great Depression looms.
### Malaysia's Emergence as a Replacement for Singapore in the Hi-Tech Sector
1. **World-Class Infrastructure with Cost Advantage**:
- Malaysia's world-class infrastructure, combined with a lower cost of living, attracts tech firms seeking stability during economic downturns.
2. **High-Value Added Investment Incentives Amid Land Scarcity**:
- Government support for high-value added industries could draw investment away from Singapore, where land scarcity and high living costs leave businesses stuck with limited growth opportunities.
3. **Race to Lead the Global Chip Powerhouse**:
- Malaysia is positioning itself in the race to become a leader in the newly emerging global chip industry, enhancing its competitiveness against its peers among Asian tigers, including South Korea, Japan, and Taiwan.
4. **New Rush for Global Supply Chain Alternatives**:
- Global hi-tech companies are flocking to Malaysia, utilizing its world-class infrastructure and explosive semiconductor sector for viable supply chain options, especially amid shifting U.S. trade relations with China and Russia.
### Conclusion
As Singapore's trade declines and the U.S. economic situation worsens, Malaysia is poised to rise as a replacement for Singapore in the global hi-tech sector. This transition could occur as early as 3 to 5 years, significantly contributing to Singapore's subsequent downfall, driven in part by the Thailand Land Bridge's impact on trade dynamics. As Malaysia emerges as the newly ascendant Asian tiger, it is set to reshape the region's economic landscape.
Charmin Toilet paper is more useful than the $
use the dollar to wipe your a$$? 😂😂😅😅🤣🤣
The U.S. dollar will eventually become the best selling toilet paper. 😅
Yes fully agreed. It's time to humble the arrogant and becoming a bully to others. It is actually nothing new, human reaction towards this kind of nature is to gradually and surely send a strong message to the bully to behave themselves respectfully. Only the u.s choose to be indirectly blind to the fact. If I can think of it on a small scale, although it may be difficult on a large scale but it is not impossible. It's about time u.s behave like a proper human.
Yes I agree. The Global South is especially happy to dump the US Dollar because we are sick and tired of held to ransom by the USA.
Well spoken sir.
Singaporeans on the other hand mock the countries who joined BRICS saying that it's useless. They have no idea what's coming
US puppy,???
@@JamesJoe-pg6ywbecause of security,they lean on usa
Already came lah - ask Ukrainians about Putin. His goons are on Ukrainian soil. Brice? please.
Singapore is in shiat too. It took part in sanctioning Russia. Do not forget that !?
This is a major misstep for Singapore
Singapore like to show off. Number one obeying US and EU. Sanctions Russia but not Israel.
Singapore is a good banana but it always likes to become a white one, big and nice looking.
Sadly once the great LKY passed, SG has turned into a lame duck vassal of U$A.
Pretending to be significant.
ABSOLUTELY ! It is obvious !
Finally someone voices out. Btw, I hope this doesn't mean ah Yeo just realises this 😅
Truth 🙏🏽
#Humanityoverhegemony
Yes.. definitely the day of move away from dollar will come.. it’s matter of time.. if Us continue to use dollar as weapon
Time for US to step down from its number one position in the world order. I expect the dedollarization of the USD to accelerate in future, as BRICS alternative monetary system takes increasing importance.
Absolute Power, and Absolute Greed, corrupts Absolutely, throughout Humanity's short history and absolutely bound to fail.
I don't know what it would mean for my country, most probably I would suffer as a result of dedollarization, but I am all for it.
it simply to reduce dependencies and risk, so it is good. maybe not good for US but good for other countries.
Spot on.
They can try but they will never be able to move away.
Gold
Ya, ask the Ex-Singapore Minister to convert all his saving to CNY or Russian Ruble. Better still convert all of Singapore's Foreign Reserves too.
It's only a matter of time!
@@tigading2177 Never argue with anyone who believed their own lie.
Politicians and central banks are two separate entities. Dedollarization is just politics played by politician and businessmen all over the world doesn't care about it.
Yes dedolarize asap
Good video🎉🎉🎉
The world is bigger than the seven.🎉
It’s like stepping into a 🎰 casino . Cash my true money for casino chips . And lose my true money plus the casino chips 😢
And also the withdrawal of gold bullion from vaults in rhe the US...
many economists and even americans have been highlighting this injustice since the 2000s
There is not comeback anymore.
There's no reasons for the world to use a country currency rather a collective currency. Reformasi hidup rakyat ♥️
What goes up must come down
Any bank in singapore is happy to take american dollar, be it from laundry shop, or politicians from far away land.
I have made over $700 k from a $ 100k capital so far since I decided to make and see changes in my money, I have had a succession of payouts from trading Forex, I recently diversified some into dividend paying Stocks and for long term hold, so it doesn’t matter the inflation again
Wow, well the Forex market is the biggest market in the world and definitely very profitable as I have heard severally but I haven't traded before which I will like to do now, can you guide me on that
I employ the expertise of a pro for that, Benjamin ravies because it isn't as easy as it seems
Hello 👋 I would love a way to reach out to him and does he charge a commission for his services? Kindly respond
Benjamin ravies (a Gma!L
Is he taking commissions for his services? Yes, I’m I still making money in the process? Hell yes!
Nice nice, I was going to ask for his mail but you have already shared that, thank you once again
Throughout history, world reserve currencies come and go. U.S. dollar is no exception. One day, U.S. dollar will no longer be the most dominant currency.. just a matter of time..
Fantastic video🔥🔥! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??
Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies.
If you are trading without a professional guide... Ah, I laugh, because you will stay where you are or even suffer huge losses that will prevent you from trading, this has been one of the biggest problems for new traders.
I think l'm blessed if not I have met someone who is as spectacular as expert mrs Janet..
Highly recommended🙌
Wow, I'm surprised to see Janet mentioned here as well. I didn't know she had been kind to so many people
I'm also a huge beneficiary of her..
I thought myself and my family were
the only ones enjoying Janet
trade benefits
We will not be hostage to the $ we must start using our own currencies to trade as well period.
Agreed with George Yeo 100%
In light of the increasing extrajudicial sanctions imposed by the United States, it is prudent for global nations to explore alternatives to the US dollar. Diversifying our financial systems can enhance economic sovereignty, foster resilience, and promote fairer trade practices. Embracing this transition could lead to a more equitable and stable global economy.
plus western extrajudicial terrorism using western electronic devices, the west (G7) have basically ended their electronic exports in the future!
Humankind does not tolerate injustices, oppression, and stupidity.
It is ludicrous and arrogant of the US to maintain 800 foreign bases.
Yes.
Interesting
He almost got it right. Who says we need the US and who says the new system will not be as good?
Bang on
Yes its really good that there is BRICS for all countries want a change.
China help build many building for other countries, it is the matter of time china will dominate the world soon
Even if the BRICS countries adopt their own financial messaging system, the SWIFT system would still function as it does now for the rest of the world.
Parallel Systems: The BRICS system would operate alongside SWIFT, providing an alternative for transactions between BRICS countries and potentially other interested nations.
Global Usage: SWIFT is deeply integrated into the global financial system, with over 11,000 financial institutions in more than 200 countries using it. It would continue to be the primary system for countries outside the BRICS alliance.
Indeed, we do need to rethink! We need an alternative, how can the edgemontic Dollar has its own way wildly while other countries are suffering? We need an alternative to balance the lopsided chaos.
😮 we can come out of this but it is going to require more time and planning for the future.