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Africans, Asians, Latin Americans and others Have Been Subsidizing the West for Decades

 
Anonymous Coward
User ID: 50416618
United Kingdom
01/04/2021 06:52 AM
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Africans, Asians, Latin Americans and others Have Been Subsidizing the West for Decades
That is done in many ways, one is through the special privilege currencies like USD, Euro, Pound and Frank have internationally. Thanks to the special privileges those currencies enjoy, issuers of those currencies can print them nonstop, well aware of the fact that those currencies can "chase" goods and services around the world.

If other countries do the same, they immediately suffer hyperinflation like in Venezuela or Zimbabwe, not so those privileged Western countries.

Sadly, those countries could lose their privileges soon.


Present Printing Speed of the EZB:

100 000 Euro per second

or ca. 10 billion per day

or ca. 4 trillion per year
 Quoting:
Anonymous Coward
User ID: 79140629
Czech Republic
01/04/2021 07:01 AM
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Re: Africans, Asians, Latin Americans and others Have Been Subsidizing the West for Decades
China was nothing until Western manufacturers moved production there.

Greed is what it was all about.
Increased profits for shareholders due to cheap labor.

They did the same with Japan before moving to China.

Now they will leave China for probably India or something.
Anonymous Coward
User ID: 79140629
Czech Republic
01/04/2021 07:04 AM
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Re: Africans, Asians, Latin Americans and others Have Been Subsidizing the West for Decades
And they are not subsidizing the West.

Westerners would be making more money of those factories were still in the West.
Anonymous Coward (OP)
User ID: 50416618
United Kingdom
01/04/2021 08:15 AM
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Re: Africans, Asians, Latin Americans and others Have Been Subsidizing the West for Decades
That is done in many ways, one is through the special privilege currencies like USD, Euro, Pound and Frank have internationally. Thanks to the special privileges those currencies enjoy, issuers of those currencies can print them nonstop, well aware of the fact that those currencies can "chase" goods and services around the world.

If other countries do the same, they immediately suffer hyperinflation like in Venezuela or Zimbabwe, not so those privileged Western countries.

Sadly, those countries could lose their privileges soon.


Present Printing Speed of the EZB:

100 000 Euro per second

or ca. 10 billion per day

or ca. 4 trillion per year
 Quoting:

 Quoting: Anonymous Coward 50416618



The West is facing gigantic threats from the Global South, it could lose some 40 trillion USD annual income.

At this moment, the Global South is in the process of freeing itself from western economic/financial/monetary oppression and exploitation.






FYI:

Almost 100% of the world's,

1. Resources

2. Industrial capacities and

3. Markets

are concentrated in the non-white regions Africa, Asia and Latin America.


[link to www.atlasdigitalmaps.com]




Quote:

EUROPE & USA Scared to lose 40 Trillion USD Annual Income !


EUROPE & USA are scared to lose 40 Trillion USD (1/3 of the global GDP) annual income when the USA world order collapses.

Most of us are not aware, and that is so by design, that the economic model that was imposed by the USA in 1945 was in simple terms,

1. to take wealth primarily from Africa and Latin America, and also from Asia and,

2. to give it to Europe and North America.

Of course in reality that happened in very complex ways, say in the form of declining prices for commodities and rising prices for industrial goods, manipulation of exchange rates of currencies, creation of "soft currencies" and "hard currencies", manipulation of interest rates, manipulation of credit ratings, petrodollar, global reserve currency status of the USD, USD denominated debt, derivatives, etc.

Europe and USA could do that because they controlled the global financial system, now they are about to lose that control.
WalrusRider

User ID: 77947460
United States
01/04/2021 08:18 AM
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Re: Africans, Asians, Latin Americans and others Have Been Subsidizing the West for Decades
I reject the bullshit notion that we owe anything to anybody, if that is where you are going.

Also, the "oppression" of the dollar is not our fault. That rests entirely with the ruling elite, and they're not our people.

We who live in the west suffer greatly under them as well.

Last Edited by WalrusRider on 01/04/2021 08:21 AM
In 1967, Polish mercenary Rafal Ganowicz was asked what it felt like to take a human life. He replied: "I wouldn't know, I've only killed communists.”

Every single billionaire who has not openly come out against globalism and wicked leftist ideology is an enemy of humanity, as are their minions.





GLP