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Eric Loh

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Everything posted by Eric Loh

  1. BRICS member countries have transacting trade in their own currency for years. As more trade are done in their national currencies, there will be less need for central banks to hold the violatile dollar reserves. The share of dollar in central banks reserves has fallen from 80% some years ago to about 55% current. It is likely to fall further to about 30%. The BRICS Clear system of settling trade in national currencies will accelerate the decline. Trump is scared stiff with the impending BRICS Clear. When that is fully operational, BRICS will tell Trump to go fly kite.Trump is a joke to threaten BRICS.
  2. I think you meant Trump will pardon himself. Biden has done nothing wrong to incriminate him. Meanwhile felon Trump has a litany of convictions and more pending after he leave office.
  3. The process of de-dollarisation is irreversible and gaining pace said Putin. Trump;s threats will just accelerate the process. Trump will meekly move away from those tough guy threats when he see Putin. Putin owned Trump.
  4. Trump had 4 years to stop the caravans of migrants and didn’t achieved anything. Doubt he can reverse the process this time.
  5. So not an open border. Every country entry whether for asylum or work has applications for advance permission to enter. They still have to present themselves at the point of entry and vetted for entry legibility. A study by the American Immigration Council that examined 11 years of government data concluded that an overwhelming 83% of immigrants attended their immigration court hearings. Not as you claimed 'most never showed up' .
  6. Going through the appropriate border process is not open border. You are seriously confused.
  7. Not a bit different but a total opposite of his boastful claim. Yes dialogue is a plus; not tariff threats. Her qoute below. “I can assure you... that we would never—we would not be capable—of proposing that we were going to close the border,” she said, adding: “Of course we do not agree with that.”
  8. There may be a soaring number of migrants and asylum-seekers at the US-Mexico border, there is no such thing as an open border. Are you suggesting that anyone can get into the US without much hassle? The reality is that the southern border is more fortified than it's ever been that accounts for the declining number of immigrants into USA. Biden inherited an immigration system in tatters and have tried to fix it but the Republicans have opposed every efforts at every turn. Open border policies is a myth and a propaganda tool by the GOP.
  9. Free press is not a crime but dictators think otherwise. We already foresee his dictatorial urge to go after free press during his campaigns. Now he has the power to be one.
  10. Trudeau and Trump were on the phone. Trump said it was a good call while Trudeau mulling the need to go on the offence if the trade war eventuate. No country win in a trade war and tariff is not a beautiful word.
  11. Tariffs should not be part of the immigration and border security equation. It looks like Trump is backing off his tariff hikes with Mexico after some vague assurances from the new Mexico President. Perhaps it was just a hollow threat or perhaps a heavy dose of flattery by President Manuel. .
  12. There was already a 40% dropped in arrivals to US-Mexico border after the former Mexican President clamped down on immigrants. Caravans are no longer reaching the northern border as they being detained within Mexico. The border situation is a scaremongering tactic by Trump.
  13. Largely symbolic as Chinese EVs were virtually locked out of the US by tariffs imposed by Trump and was targetted to help protect US car manufacturing jobs. Trump's tariffs are broad based on all imports with no specific target.
  14. I am actually looking forward on just how Trump will help the working class and the homeless when he promised big tax cuts for the rich.
  15. You mean like socialism?
  16. Great turnaround story after the Chips Act.
  17. He will made some insignificant modifications to the Chips and Science Act and claim success after making headlines attacking that it was a bad deal and will repel. Chip makers like Intel will thank Biden for his foresight.
  18. His "America First' tariff hikes in his previous Presidency on China, Canada, Europe, Mexico provoked retaliatory actions and negatively affected the economy. Only idiots will repeat the same insanity and hope for a different outcome.
  19. Agree. The patient will get a double whammy from inflation as well as rate hikes by FED. It will be a massive hit on borrowing costs for consumers and businesses and slow the economy. I still can't make the connection between higher tariffs to stop fentanyl. Must be a new economic theory from Trump U.
  20. Her return path has been laid under the amnesty bill to be tabled to Parliment in early December and passed for royal endorsement in April.
  21. Bringing in thousands of soldiers from another country to attack Ukraine is an act of escalation.
  22. I have no love for convicted felon. Not same as you.
  23. Putin has yet to call Trump to congratulate him on his election. Simply demonstrate who wear the pants in their relationship. Putin even said that he will not call him and expect Trump to initiate the call. How embarrassing.
  24. To be fair, there were 2 major escalations by Russia that prompted Biden's decision on the 18 November. - 10 Nov. confirmation of North Korean troops in Ukraine - 17 Nov. russia fired 200 missles and drones at Ukraine in largest attack since August. .
  25. The struck on the city of Kursk was to take out the command post of the Russian forces in the Kursk region. It was a strategic move by Ukraine. The cruise missles were UK not US and there were no troops deployed in the attack.
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