Post
Topic
Board Economics
Merits 1 from 1 user
Re: People keep talking how weak dollar and how bad usa economy getting
by
stompix
on 01/09/2023, 09:48:13 UTC
⭐ Merited by DrBeer (1)
People who love the US, and like an authoritarian world always say that a weakening dollar is impossible and there is no new world order. They are just trying to deny the truth, they don't want to accept what is happening. Indeed, de-dollarization is no longer a theory but is becoming stronger than ever. I am really waiting for a new world order, a fairer world for all countries.

A new world order is being formed and we should accept what is happening.


Yeah, yeah, let's invent a new metric to tell poor people they are not actually poor.
But since we're on Bitcointalk shouldn't we talk about wealth in Bitcoin" So let's look at those GDP numbers in BTC
Already done math:

Brics GDP:
China   589,171,528 BTC
India   105,428,505 BTC
Russia   66,057,674 BTC
Brazil   53,454,518 BTC
South Africa   13,951,694 BTC
Total 828,063,919 BTC

G7 GDP:
United States   763,990,033 BTC
Japan   164,033,953 BTC
Germany   140,302,857 BTC
United Kingdom   105,875,747 BTC
France   97,590,465 BTC
Canada   66,057,674 BTC
Italy   70,023,355 BTC
Total 1,407,874,086 BTC

So in BTC , BRICS is actually half of G7!
Now BRICS has added penniless Iran, Etiopia, Egypt, and a few others that barely mattes.
G7 has as allies and trading partners South Korea, Australia, Spain and the Netherlands who just by themselves have a bigger GDP than  Russia and India combined!

To see the harsh reality beyond those numgers just take a look at my topic:
Quote

Let's look at Brics:
Brazil - 3,746 India -16,246 China 4,145 Russia 4,138 South Africa
vs
Germany 371  Grin

So, how much does it matter that you have a 3 billion people when everyone just wants to flee those countries?
If the G7 is in such bad shape why is BRICS losing 4 million citizens that emigrate to G7 countries each year?

Quote
The top six countries of birth for new LPRs in FY 2021 were Mexico (14 percent), India (13 percent), mainland China (7 percent), the Philippines (4 percent), and the Dominican Republic and Cuba (3 percent apiece). Together, these countries represented about 44 percent of all new green-card recipients in FY 2021.

There is propaganda and there is reality! But don't worry, you can't miss it no matter how much you try to avoid it, it will hit you like a brick wall!