r/NewsWithJingjing • u/vocal_izer • Apr 13 '23

Media/Video Lula: "Why can't we do our trade backed by our currency?"

476 Upvotes

93% Upvoted

73 comments sorted by

84

u/PatricLion Apr 13 '23

us$ is weaponized by unending printing of fiat money ，confiscated accounts，
why bother ，when alternative is available

-24

u/[deleted] Apr 13 '23

alternative is…?

49

u/bengyap Apr 13 '23

There will be a way when the world wants an alternative. Don't be smug. Everyone knows that the US is not going to be trusted as they will weaponize the USD. They can steal the USD at a whim. So why trust it. Remember that all currencies are built on trust and the US, with some stupidity, had destroyed that very trust that had made them rich and powerful.

Everyone knows to plan carefully as any transition will be opposed by the existing hegemon. Transition will be slow, like a trickle and then the execution will come suddenly. We're living in interesting times as we get the front row seat in witnessing the epic collapse of the rather short-lived American empire.

-35

u/[deleted] Apr 13 '23

and ironically, this common currency usage had led to an unprecedented period of global development.

‘everyone knows that the US is not trusted’

well, actually you will find that everyone uses the dollar because they do trust the US government.

that’s literally it. Trust in our government is what makes the dollar such a common tradable commodity.

29

u/Flvs9778 Apr 13 '23

USD is the petro dollar it’s value is that you need it to buy oil from opec. Trust in the dollar is waning because we were and continue to be irresponsible with that power.

With the digital rmb and normalization of countries trading in their own currencies. USD still has the massive majority of global currency exchange and will for a while if we don’t change our behavior it won’t be by the end of the century.

-19

u/[deleted] Apr 13 '23

oil isn’t the basis for the stability of a fiat currency. Who told you that?

The dollars vast use in commerce is due to the trust in the stability of the US government.

Same reason why China buys so many US treasury bonds and holds part of our national debt.

Its a good investment. Very good.

20

u/bengyap Apr 13 '23

well, actually you will find that everyone uses the dollar because they do trust the US government.

A slight correction. People DID trust the US government. But not anymore. All Middle East countries had no choice. But not anymore. The ME countries know that they had been played one against another. They have waken up. The world has changed. No one really trust the US government. Whatever "allies" that the US has are on shaky grounds. They dare not cross the big bully now. They are getting bolder today because there is a big guy in the room. The bully is getting smaller. The big guy is getting bigger.

-5

u/[deleted] Apr 13 '23

Are we speaking on nation economic level, or a personal level?

Nations wouldn’t buy US treasury bonds or our national debt if we weren’t a stable investment.

Nations gobble our national debt up because its as close to a non risk investment as possible.

Even China holds US treasury bonds, and a fuck ton of em. Because its just good business sense.

That was why nations like dollars.

Now, on a personal level. If you want to invest your life savings into yuan, feel free.

I think you will find liquidating your assets into usable resources very difficult if you are anywhere other than China.

-31

u/ScumbagJulian Apr 13 '23

It isn't short lived average age for an empire is 250 years. Another one will pop up. What will stop china from becoming a hegemony?

26

u/bengyap Apr 13 '23

The US was never an empire for 250 years. It was only 100 years when it became an empire. Before that, they stole the land from the natives and genocided them.

Nothing will stop China from becoming the hegemon. China has inherent internal qualities and strength. Even when they were down and humiliated at moment of weakness, it will rise and they did. The Chinese hegemon will not be the one like the brutal American empire but will be one who will lead the world in greater prosperity.

-8

u/bentbrewer Apr 14 '23

Sad that anyone believes this to be true.

11

u/elBottoo Apr 14 '23

Whats sad is how indoctrinated most haters are. they always use the "butbutbut china will be many times worse, u wait and see"

except china in the last 15 years in Africa has already done more for the continent than ur country in 100++ years.

Similar in South east asia and latin america.

9

u/bengyap Apr 14 '23

Yeah. A lifetime of indoctrination and propaganda does make one ignorant and can't see the obvious. I am so sorry for you.

-16

u/ScumbagJulian Apr 14 '23

What's gonna stop china from turning brutal. When college students protest in china they pull out the tanks. In America they shoot one or two college student not the whole college.

They are two sides of the same coin. Being cutthroat tends to bring you to the top.

9

u/bengyap Apr 14 '23

Referring to the Tiananmen Incident, the government had to take actions as the students were turning violent. Soldiers were killed and burned and it went on for too long. The student leaders were advocating deadly violence on western TV. It was an unfortunate incident. A regrettable incident, for sure. The incident led to a better China. The CPC leadership, since then, knows better how to deal with this. The China you see today, is testament to this. The people are happy and is supportive of the CPC.

-14

u/ScumbagJulian Apr 14 '23

The people are happy and supportive of the CPC. You aren't in the CPC, they censor this incident. Yes they learned from it, they learned how to stomp it out. It started out as protests. Sit in's, hunger strikes. Why are you so willing to free yourself of these chains for the chains of a "benevolent" master. I'd take freedom over benevolence in any life.

12

u/Acceptable-Eye4240 Apr 14 '23

Ah yes you know what really happened in tiananmen Square, more than people who actually lived through it. You aren't in the cpc either so how would you know what they're hiding? American police have been far more brutal at much less provocation and that's a fact.

-4

u/ScumbagJulian Apr 14 '23

Look at hong Kong.

This isn't America vs China, this is looking at problems inherent with authoritarianism.

Yea America is authoritarianism. Poor trained cops get you that. Both sides hire them. Two sides of the same coin America just happens to be tails.

I've been to china however I've used their restrictive network. Is the grass that green on the other side? No it isn't.

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3

u/FlavioRachadinha Apr 14 '23

There is a genocide going on in America right now. The world largest incarcerated population, white supremacist, guns out of control, school shootings... America will fall and not due extern factors but intern

1

u/ScumbagJulian Apr 14 '23

Yea no they will fall from internal conflict. No genocide is taking place though by definition. Yea corruption got to the US. Does this make China infallible? No

21

u/PatricLion Apr 13 '23 edited Apr 13 '23

China is Brazil‘s top trading partner，close to 2 B $, their central/local banks set up local cross currency swap， this will bypass us$ ...Brazil would reduce exposure to us$ risk, bc ￥and China’s interest rate are relatively stable

BRICS now joins with oil producing countries ，their new currency will be very strong ，totally independent of us$

-6

u/[deleted] Apr 13 '23

sounds good. my only question is why are they making such a fuss about it?

5

u/PatricLion Apr 14 '23

one would appreciate freedom from us$，

when their assets are confiscated ， frozen

35

u/[deleted] Apr 13 '23

The amazing nine fingers !!!

Look the difference of this guy with the last one that Brazil had on presidency.

Nine fingers is the perfect president to help BRICS and allies in achieve sucess on this mutual cooperation !!

8

u/Cabo_Martim Apr 14 '23

That is the Kraken.

i will call him Leviathan when Haddad Stop cosplaying Paulo Guedes

82

u/External-Ad-2942 Apr 13 '23

USA can't survive in a fair world.

25

u/DepressionFc Apr 13 '23

otto von bismarck said it best

6

u/DarkWifeuo Apr 14 '23

What did he say ?

33

u/DepressionFc Apr 14 '23

The Americans are a very lucky people. They're bordered to the north and south by weak neighbors, and to the east and west by fish.

9

u/[deleted] Apr 14 '23

an attitude which later became lebensraum! yep, the Nazi expansion into eastern europe was actually an attempt to mimic America’s westward expansion

-22

u/MaryPaku Apr 14 '23

You have any financial common sense? of cause Brazil want to use their own currency, and if China agree to this China will be the biggest loser the Brazilian Real is super unstable, anyone won't want to take that at all.

13

u/Big-Source-8861 Apr 14 '23

They aren't going to use real in BRICS...

15

u/MonoDede Apr 14 '23

BRICS rising?

33

u/adastrasemper Apr 13 '23

Based Lula

13

u/magiclampgenie Apr 14 '23

100%! Also, the reason why the Americans paid Sergio Moro to lock him up!

10

u/FunkyTraits Apr 14 '23

The collective west has become the collective waste.

6

u/sickof50 Apr 14 '23

The middleman is going to be unemployed.

2

u/NoTry598 Apr 18 '23

that why I'm looking forward very much to the revolt against biden

-2

u/[deleted] Apr 17 '23

[removed] — view removed comment

3

u/sickof50 Apr 17 '23

Sad human believe's all this stuff. Smh

2

u/[deleted] Apr 20 '23 edited Apr 20 '23

War on Terror 9/11 Larry Silverstein Mikhail Gorbachev The Westington House Scandal Latin American Puppet Dictators Operation Condor Bin Laden and Saddam Hussein CIA Agents The Clinton Chronicles Waco Siege Kinder Egg Surprise The Clinton Blowjob Scandal Nixon Watergate Scandal The Fake Tibetan Protest of 2008 Staged Coup of Colombia Kandahar massacre War on Terror Patriot Act PRISM Edward Snowden The Guantanamo Bay Illegal Occupation CIA black sites Human Rights NSA mass surveillance Warrantless Wiretapping 4th Amendment violations Julian Assange whistle-blower manhunt Ecuadorian embassy refuge Corporate interests worker's rights healthcare rights free education Police militarization incarceration rate fake weapons of mass destruction Petrodollar warfare Israel "special" relationship ban on boycott Free Palestine USS Liberty attack by IDF Mossad cover up false anti-semitism accusations depleted uranium mutinions war crime ignoring the Geneva Convention Agent Orange My Lai Massacre Contras 1973 Chile coup CIA backing puppet dictators Illegal Occupation 1954 Guatemalan coup d'état United Fruit Company Cuban Missile Crisis and the Turkish Missile Crisis Bay of Pigs Iran Contra Operation Northwoods Area51 Saudi lobby American Cover-Up of Trials of Unit 731 Abu Ghraib torture and prisoner abuse MKUltra Tuskegee syphilis experiment Suspension of Habeas Corpus Sedition Acts civil rights Martin Luther King murder Cointelpro Bombing of Libya Bombing of Yemen Bombing of Syria Intervention in Yugoslavia Philippine Genocide of 1900 Choctaw Trail of Tears Andrew Jackson illegal Overthrow of the Kingdom of Hawaii the Illegal Colonialism of American Samoa Guam and other Pacific Islands the Economic Embargo on Mexico haole invasion the rape of Okinawa Jarhead rapists migrant caravan ICE children in cages Kinder surprise

2

u/[deleted] Apr 20 '23

joe ate a child

-50

u/[deleted] Apr 13 '23

[deleted]

48

u/bengyap Apr 13 '23

What is a country going to do with a bunch of dollars?

Actually, the bunch of dollars can and will be stolen at any time. So the smart thing to do is to avoid using the dollar. When there is a will, there is certainly a way. The world knows they must dedollarize to protect themselves from the greedy Americans.

Just need to plan carefully and execute swiftly when it comes to things like this.

-40

u/[deleted] Apr 13 '23

[deleted]

33

u/bengyap Apr 13 '23

Sure. You think the world is that stupid huh? :-)

27

u/TheRightRed Apr 13 '23

LOL, over a year later, and nearly all economists are suggesting that the sanctions had nearly a zero percent effect on GDP. In fact, it has positive effects Internationally by showing the world you don't need the dollar, and the US sanction isn't what it used to be, thus proving the chinese alternative viable to Saudi Arabia, Iran, Brazil and many others to come. BRICS, BABYYYYY! DE-DOLLARIZATION HERE WE COME!!!

-33

u/[deleted] Apr 13 '23

[deleted]

26

u/TheRightRed Apr 13 '23

At any point in time, America will coup you, Invade your economy, and make you, your family and your economy and most of your industry cease to exist (and all kill millions of people) . Yeah, no, that's not a hard choice between "but but this guy has a majority state owned economy with price controls nooooo and um even though they never have before they could like maybe I'm not sure about this but? LEGALLY steal my business AHHH!!! THE HORROR!" meanwhile the US "i made the world believe you have WMDS, invaded your country, bombed it to the stone age, killed hundreds of thousands of your civilians, privatized your economy and sold it off to the highest bidder, and I'm going to hang you now!" Also, i didn't say the Yuan will be dominant. i said the dollar will fall like a ton of brics (pun intended), and a multi polar world should have multiple currencies.

-3

u/[deleted] Apr 13 '23

[deleted]

20

u/TheRightRed Apr 13 '23

"Any country i don't like (non-white) is a shithole country, Ummm China and India have maybe the lowest intensity border war in history that is literally just one person getting shot after a 20 man brawl, so economy bad? BRICS has differing national interests, NEVER in history have countries with differing national intrests come together for the process of mass wealth accumulation definitely not like the EU because... that was on the same continent.. where is India, China, and Russia again??? definitely not on the same continent or interconnected in any way, ANYHOW, let me run you through some future economic speculation that means next to nothing" - Ebola guy

-18

u/OkieDokey308 Apr 13 '23

Lol yah you can see Russia winning so hard right now are you a Russian bot?

8

u/Thankkratom Apr 14 '23

Have you not seen those leaked papers..?

3

u/TheRightRed Apr 15 '23

What? I've said nothing about russia winning anything. What are you even referring to? You can't "win" an economy, lmao. Are you saying this because i said Western sanctions have had a near zero effect on the russian economy? This is true, and Western journalists are the ones i received this speculation from. Are you saying this in response to me commenting on the recent success of BRICS? Because A. There are other nations in BRICS and B. Maintaining an economy that keeps millions of people alive is always good, no matter what nation this is, i am completely indifferent on the russian invasion of ukraine besides the fact it was unethical, immoral and stupid. Inter-imperalist wars are no concern or mine, but i hope the Ukraine defends their sovereignty and independence as well as their people.

17

u/[deleted] Apr 13 '23

You are one damaged individual. Or collecting some sweet sweet troll account paychecks.

13

u/md655 Apr 13 '23 edited Apr 13 '23

Sanctioning Russia led to the dollar collapsing even quicker since the rest of the world is fed up with your Amerikkkan nonsense and hypocrisy and noticed how weak the empire is maintaining its hegemonial dominance compared to previous eras and so they began trading in their own currencies, directly attacking the power and influence of the (petro)dollar as the world's reserve currency.

That's what you consider an own? Because your empire is declining in power, your leadership is weak (electing two demented, senile presidents in a row) and the internal contradictions of your capitalist system are burning the whole place down with a bourgeois political system so entrenched in upholding capital that it refuses to give workers even the most basic of all concessions (affordable housing, healthcare, education and decent infrastructure).

Even though I'm not the biggest fan of Bernie, it's hilarious how the US doomed itself even further by not giving in to his milquetoast demands because all he tried to do was salvage the unsalvageable and reform a fundamentally evil empire. I hope they do it again next year during the next presidential election. Keep shooting yourself in the foot Amerikkka.

8

u/DepressionFc Apr 14 '23

Stealing Russia's foreign reserve pissed everyone off. Still can't believe they did that lol

28

u/cia_nagger229 Apr 13 '23

you can still exchange your reals for dollars, when needed, instead of obligatory

16

u/adastrasemper Apr 13 '23

I'm sorry for your medical condition. Judging by your username it seems your brain has sustained damage from Ebola virus.

13

u/KyccoGhostDestroyer Apr 13 '23

No one want our shitty currency nobody makes trades with Brazil, only China, Russia, India, South Africa the entire south America and Europe.

-6

u/LifeWeek5779 Apr 14 '23

Because no one wants to hold Real or Rubble.

1

u/lutavsc Jun 08 '23

Dude is lit