Weakening IDR

[centurion]

I am not speaking about that.
I am speaking about the US position in the world.

Soviets were waiting decades for the US to collapse and world communism to take over.

 

[jstar]

Talking about trade and Russia:

An Indonesian trade and economic delegation -which was led by the Deputy Trade Minister and the Chief Economic Minister- visited Russia very recently. After president Prabowo’s visit to pave the way of course.

The meetings in Kazan concluded with several important agreements. All to improve bilateral trade and even stimulate a more intense technological cooperation. (Side-note: Russia wants to help Laos with nuclear energy.)

And RI will keep on buying oil from Russia.

 

[snpark]

Not for nothing Trump and his billionaire friends visited Beijing. They probably got some results as well; Boeing etc.

They got only what Xi wanted them to have. Chinese are pretty smart and crafty.
Trump returns thinking he outplayed Xi but in reality he got screwed I'm sure.

A "pledge" to invest blah blah in USA is not the same as China lending DT a few hundred billion to balance the books for a month and pay for the new helipad or swimming pool

 

[Balifrog]

That’s the trade balance. Not for nothing Trump and his billionaire friends visited Beijing. They probably got some results as well; Boeing etc.

Promesses are cheap....

Nothing concluded before the US manufacturer receives a FIRM order.
And not a L.O.I. !

Remember the 1 trillion deal with Saudi ?

 

[serious_fun]

Whichever way the US $ turns, 60% of US workers who are struggling to make ends meet are being screwed. And the Brookings Research Institution finds that one-third of the 175 million middle class struggles to afford basic necessities such as food, housing, and child care.

The Great Squeeze , just one of many articles discussing the hardship of those earning less than US$200k per annum.

 

[serious_fun]

They got only what Xi wanted them to have. Chinese are pretty smart and crafty.
Trump returns thinking he outplayed Xi but in reality he got screwed I'm sure.

A "pledge" to invest blah blah in USA is not the same as China lending DT a few hundred billion to balance the books for a month and pay for the new helipad or swimming pool

I read that the Chinese promised to buy some soya beans...though Brazil already provides more than what China requires.

 

[Balifrog]

The Great Squeeze , just one of many articles discussing the hardship of those earning less than US$200k per annum.

When I see people crying with that kind of money
You have idea of the median salary in France ?

The median annual salary in France is approximately €32,500 gross (around €26,000 net) for full-time workers. For a more detailed breakdown by monthly or hourly rates, the compensation generally falls into the following ranges:

General Overview

• Gross Annual Median Salary: ~$32,500
• Gross Monthly Median Salary: ~$2,700
• Net Monthly Median Salary: ~$2,000 - €2,200 [1, 2, 3]

In 2025, salaries in France reflect the deep disparities in the job market.

• The average net salary reaches €2,735 in the private sector, compared to €2,530 in the public sector.
• Significant gaps persist depending on the profession, region, and skill level.
• The median salary, estimated at €2,183, remains well below the average, revealing a strong concentration of high earners.

Ho, and we pay petrol 2,10 € (2,45 USD)per LITER ! Thats 2,45 × 3,8 = 9,30 usd per gallon.....

 

[snpark]

Euro popped up again this afternoon

 

[Balifrog]

Euro popped up again this afternoon

J.D.Coke becomes cheaper and cheaper....

 

[pantaiema]

From the video clip above, President Prabowo remarked that people in villages do not use US dollars, so exchange rate fluctuations would not affect them. I’m not sure whether he truly believes that or is simply trying to justify the situation. In reality, fuel subsidies, soybeans, and wheat are all imported and paid for in US dollars. Some fishermen have even stopped operating because of rising fuel costs.

I think one of his main weaknesses is that he does not sufficiently check conditions on the ground, as he is often occupied with international trips and relies mainly on reports from his ministers with intention to just please him

This is just an example directly from the people

 

[centurion]

The amount of continuous bad economic news in last week is astonishing:

-Government downplaying foreign exchange risk;
-Chinese investors publicly complaining in an unusually blunt letter to the President;
-In Bali, new PMA investments on low and medium risk business lines suspended by governor's request;
-Rumor of Indonesia planing to create Export Entity for strategic commodities, where all export will go trough (Danantara buys and sels), this came out in Bloomberg today so it is not just a rumor;
-Losing the status of biggest SEA stock market to Singapore yesterday;

 

[harryopal1]

Perilous times. So much depends on a negotiated peace in the Middle East. Even if the US and Iran agree it seems that Israel will continue its aggressive campaigns that will continue to destabilize. If the Indonesian government can maintain subsidies on fuel then things may not run amok. But with so many millions of people living day to day it will not take a lot of inflationary creep to see major demonstrations. It makes one wonder to what extent the slaughter of leftists in 1965 is still seen by militarists and senior members of government as a justified reaction to unrest and to what extent this will shape reactions to contemporary mass demonstrations.

 

[centurion]

Perilous times. So much depends on a negotiated peace in the Middle East. Even if the US and Iran agree it seems that Israel will continue its aggressive campaigns that will continue to destabilize. If the Indonesian government can maintain subsidies on fuel then things may not run amok. But with so many millions of people living day to day it will not take a lot of inflationary creep to see major demonstrations. It makes one wonder to what extent the slaughter of leftists in 1965 is still seen by militarists and senior members of government as a justified reaction to unrest and to what extent this will shape reactions to contemporary mass demonstrations.

No mate, stable countries are more resistant. Inefficient and corrupt countries are more vulnerable. And that is showing now. Shock could be war in middle east, if not that, something else.

 

[serious_fun]

... it seems that Israel will continue...

As the popular phrase goes: "Every Single Time"

It makes one wonder to what extent the slaughter of leftists in 1965 is still seen by militarists and senior members of government as a justified reaction to unrest and to what extent this will shape reactions to contemporary mass demonstrations.

Agreed. Needless to say, any unrest can be manipulated/diverted/managed in order to further other agendas: throw a few agents provocateurs into the crowd and wait for reactions.

 

[serious_fun]

-Rumor of Indonesia planing to create Export Entity for strategic commodities, where all export will go trough (Danantara buys and sels), this came out in Bloomberg today so it is not just a rumor;

Discussed here.

The irony is painful. A policy intended to strengthen the rupiah could weaken it over time.

 

[serious_fun]

The new Danantara scheme discussed again in The Straits Times.

Analysts have questioned whether routing exports through a single state-linked entity would actually solve the problem.

“Bluntly speaking, that leakage is the stated rationale, but control is the actual objective. Prabowo is uncomfortable with private – particularly foreign – intermediaries managing the flow of Indonesia’s most valuable exports. That’s a political instinct, not a technical fix,” said Mr Achmad Sukarsono, Associate Director at consultancy Control Risks.