For the Benefits of Others

Leaders will take initiatives and strategy to ensure their country is protected. 

1998 -  Mahathir pegged the ringgit at 3.8 to the dollar, blaming speculators for attacks on Asian currencies that cast the region in crisis. The peg lasted until 2005, and was widely credited with protecting Malaysia from the Asian economic crisis and the speculators.

 

2022 - Putin’s enforce ONLY ruble payments for his energy products. Namely oil and gas. He issued a decree on March 5, which allowed Russia to pay creditors from “unfriendly countries” using rubles instead of US dollars, Euros or Pound.

 

Then he linked ruble to gold at 5,000 rubles per gram. By pegging the currency to gold, strengthen the ruble with a gold standard. Meaning he has set a floor price for the ruble in terms of the U.S. dollar since gold trades in U.S. dollar. 

 

Gold traded at about US$62 per gram, it translates to (5,000/62) about 80.6 rubles per dollar. By demanding that buyers of Russian gas pay using rubles, the country’s natural gas is now linked to gold via ruble. 

 

Moscow could begin accepting gold directly in payment for its oil and gas exports – or even other commodities.

 

so......What sort of sanctions?

 

lesson here is - knowing what you able to offer, standing on your feet and understand how the system works, so no one able to push you with ridiculous crap. 

 

cut to 

 

losers who asking people to borrow more. 

 

When you in an environment that its not "regulated", whole supply chain monopolized unfairly, where "basic necessities" getting pricier day by day - then you "provide" a "scheme" to make them "borrow" money to top up their existing issues. 

 

 

You dont have money to buy, then you borrow the money to buy - you no longer have the money.

so mind telling me how to sustain and pay off your debt?

 

Two types of people - thoughtful individuals who know how to pay their hutang and another one who simply wont give a damn about it.

 

The interest rates of your debt can even higher than your principal borrowing due to an invisible system called "inflation" which you can never beat. 

 

simple - banks here asking you to pay up your car in 9 years while your house can be up to 30 years.

 

So you continue to wake up, sleep and pressured to be in this unfair system.

 

Please by all means, everyone deserved better.