A video explaining the weakening of PHP vs US dollar

It is more fun criticizing

It is not so much of the war.    Its our deep attachment to USD as currency for trade   Maybe the corruption iissue,  fundamentals of economics (huge trade deficits) increasing ratio of debt to US (now Php 19 trillion), decline in OFW remittance.  

It also reflects defects n reporting system   Despite reported advances in use of non fossil fuels renewable in in our energy sector, the sudden spikes and in fuel prices and talks about oil deregulation belies the claim.  The country is still highly dependent on oil an coal.

Things to be done:

1.  Fiscal discipline,   Stop being a social state;

2   Push harder the non renewable energy drive; domestic coal and oil production and exploration.  

     (including moringa seeds for fuel)

3.  Encourage more agricultural and industrial productivity

4.  De couple from USD.  (like a BRIC country)

5.  More credible, honest to goodness leaders

 

Americans must prepare for great reset ($ devaluation); US strategy to erase its $37 (now 38 trillion )debt, and restore US financial health sans cutting deficit and additional taxes

It is more fun criticizing

There is no way by which US can physically pay back its $37 trillion debt.  Not by taxation or reducing its fiscal deficit.  US spending is at $3 trillion a year, and its debt service amounts to $1.2 trillion a year or nearly 15%  of total GDP.

How will US erase its debt (some say that this has began when Donald Trump signed its strategic reserve executive order)  purportedly to preserve Bitcoin and gold value. under a national emergency declaration    It will soon be a law

Here how it goes:

1.   Gathering bitcoin valued at $132 billion bought by US govt and/or seized in drug operations illegal

       gambling.

       Inventory of Gold,  8133 tons valued at $733 billion lodged in US treasury ledger at $42.22

2.  The reset:

       The bitcoin will be revalued now at $100,000 up to 10x  $1,000,000 or  $1.3 trillion

        And gold at $20,000  for a $5.2 trillion reset (gold hovers at $3-4,000 per ounce

       The US will set this to be in motion in 2026 and will be completed in 2027.  It is mathematically

        impossible to pay this 37 trillion debt:   reducing deficit and increasing taxes.  The solution is

        a reset done before in 1933 during the time of fmr Pres FDR

3.  The consequence:

     The US dollar will devalue by up to 70%,  (your savings and retirement will be worthless prices of

       house will double.  Life will be hard.  The govt in order to preserve its treasury will steal the value

      of gold and currency.  It is a legalized govt sponsored theft of US citizen wealth

4.  Who will be affected:

      This is the same reset made by FDR under EO 6102.   They are just repeating this

      Who are the losers?

      Wage earners -  the wages will be devalued.  

      Pension funds, pensions

      Savers

      Who will gain, benefit from this:

      The FED, 

      The US govt

       The politicians

      The govt showing its teeth, avarice and confiscatory power

5.  What you can do:

      1.  Lessen cash bank holdings - maintain balance good for 90 days

      2.  Like the survivalists:  concentrate on having food and water and power

      3.  Befriend people with farms and shelters.   

      4.  Have physical good assets.  Not the certificate.  A certificate shares with 100 others claim

           on physical gold.  Hide them well not in bank safety deposit box because US agents can 

           seal or confiscate the same

It took a while sometime for me to understand this and summarize this

BRICS sets new reserve and payment currency

It is more fun criticizing

Russia and the rest of BRICS (Brazil India China South Africa are set to name a new currency to end

dollar dominance in international finance:  reserve and payment system  Such a move can be detrimental

to the stability of the dollar as USA is experiencing:    high inflation, high govt budget deficit  high 

level of public debt ($30 trillion)  Its all ready printing more money - and for as long as money it is printing is being absorbed by the rest of world as payment for oil and other goods its value would remain stable as a thing of value of choice. 

When it is no longer used as reserve as payment currency, the dollar being printed will be piling up in USA and trigger hyperinflation as in Nigeria Sri Lanka, and Venenzuela

BRICS sees decline in importance of dollar in international finance. Others see this as a move in warfare by USA to end US dominance.

Others see USA initiating  war to end economic dominance of the countries being invaded or threat to the dollar.