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if you liked this infrastructure investment remember to rate or comment on itunes
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Aug 24, 2023 23:13
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Fat-Lip-Sum-41.mp3 posted:why would anyone who has seen the EU want to establish a currency union yes thats what my post said
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Aug 24, 2023 23:13
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its a good post
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Aug 24, 2023 23:16
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I agree it was a good post OP
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Aug 24, 2023 23:18
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It was a perfect post.
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Aug 24, 2023 23:23
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Orange Devil posted:They literally had a moment like last year or earlier this year where they all compared notes about the last decade and collectively realized the US was loving with all of them and blaming it on the others. come on dude, the uae and saudia arabia are literal extensions of US neocolonialism they literally woudl nto exist if it wasnt for the US lol
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Aug 25, 2023 00:33
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The BRICS currency that has been floated is not a currency union, nobody has suggested that. It is for settling international trade accounts. Like bancor was going to be. stephenthinkpad posted:Its pretty amazing that all relevant ME join at the same time. AnimeIsTrash posted:come on dude, the uae and saudia arabia are literal extensions of US neocolonialism I don't think America controls the Saudi government. I also don't think your second sentence is true, KSA existed for almost a decade before Aramco. Even if true though, it doesn't support your first sentence, India probably wouldn't exist as a unified polity without the British but it's hardly subservient.
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Aug 25, 2023 05:36
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In Training posted:Has there been a lasting draw down in Yemen? I know there were talks when Iran & ksa first met but I never really saw much follow up reporting. Seems like still no real lasting peace but the war is at least on pause. A lot of talk about the Ansar Allah / Houthis being independent from Iran, haven't seen anything about how they'd continue to arm themselves without Iran's backing. As of a week or two ago the website of the Combined Maritime Force (led by the USA) said they're still running an economic blockade of the Ansar Allah but it's janky wordpress poo poo so idk how often it gets updated. Famine is still ongoing mostly because of this and a devaluation of the currency, particularly in KSA aligned govt controlled areas. There's a number of factions within the country and they need to all come to an agreement. Mostly cribbed from these two pages. https://www.aljazeera.com/news/2023/7/7/analysis-peace-yemen-remains-distant https://www.cfr.org/global-conflict-tracker/conflict/war-yemen
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Aug 25, 2023 09:31
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https://new.thecradle.co/articles/welcome-to-the-brics-11 https://www.youtube.com/watch?v=D7WIWGWlKOE some talk about de-dollarisation in there. tl;dr is that it's too soon, especially because the BRICS bank having loans in USD means they have to be careful about pissing off the US too much. also separate from BRICS is new membership in the NDB quote:In parallel, the BRICS' New Development Bank (NDB) has welcomed three new members: Bangladesh, Egypt, and UAE. Yet their road to prominence from now will be even steeper. sounds like a lot of the new BRICS countries are an attempt to reduce the power of the petro-dollar. also the figures he cites for oil is: quote:BRICS 11 instantly becomes an oil and gas powerhouse, controlling 39 percent of global oil exports, 45.9 percent of proven reserves and 47.6 percent of all oil produced globally, according to InfoTEK. also just as an aside, it's always incredibly striking to see china's economic power in graph form  also looking at debt in relation to G7 countries' GDP is really something (esp japan):  in the podcast, he mentions that china wanted 10 new members and india wanted 3. i wonder which countries are the ones that india didn't want and was it about those members in particular or was it just the number diluting india's voting power too much. there was some talk about algeria and indonesia and it is unusual that no asian country entered so i bet that's two of them. crepeface has issued a correction as of 06:58 on Aug 26, 2023 |
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Aug 26, 2023 06:30
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I check the Opec+ list, they have 5 of the top 6 Opec+ oil producers in Brisc already, only Kuwait is missing. It's pilossible they want to get all the opec+ countries in first, and announce some kind of new replacement mechanism to petrodollar in the next summit. They could just use petroyuan but I don't think Beijing want to use yuan to directly replace dollar. Supposedly Indonesia was not in this year because they applied too late.
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Aug 26, 2023 08:29
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michael hudson and pepe escobar on BRICS/de-dollarisation. lots of detail here. https://www.youtube.com/watch?v=live?g32m8XaSnEE
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Aug 26, 2023 16:54
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buh bye USD... I HARDLY KNEW YEE...
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Aug 26, 2023 18:03
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stephenthinkpad posted:I don't think Beijing want to use yuan to directly replace dollar. Seems like it's going to happen to an extent just because everyone want's them anyway. I wonder to what extent they're comfortable with that. Might be one of the things driving what's seemed a pretty quick rush into talking about a BRICS currency, trying to avoid too much use of yuan.
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Aug 29, 2023 12:16
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Zoltan Pozsar had thought that commodities will just replace the dollar. He had a number of interesting thoughts and ideas about all of this last year. Zoltan FT from 6 days ago. malding about brics. quotes from many economy people who talk about how BRICS is changing the game, but the article author cries and says they are wrong. quote:Zoltan Pozsar, head of the macroeconomic advisory firm, Ex Uno Plures, believes that system is at a tipping point. “The global east and south are renegotiating the world order,” he says, highlighting the drive in the global south for de-dollarisation and a rethink of the IMF and World Bank. “The west dreamt of the Brics as a lapdog, that they would accumulate dollars and recycle them into Treasuries, but instead of that they are renegotiating how things are done.” Mr Hootington has issued a correction as of 12:32 on Aug 29, 2023 |
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Aug 29, 2023 12:25
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Interesting short read, thanks Hoots. Zoltan is a fantastic name for a professional prognosticator "Bretton Woods II was built on inside money, and its foundations crumbled a week ago when the G7 seized Russia’s FX reserve." That's a pretty good pick a week after. Full piece is here. https://static.bullionstar.com/blogs/uploads/2022/03/Bretton-Woods-III-Zoltan-Pozsar.pdf
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Aug 29, 2023 12:45
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Weka posted:Interesting short read, thanks Hoots. Zoltan is a fantastic name for a professional prognosticator I think he did 2 other notes in a similar vein around the same time period.
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Aug 29, 2023 13:09
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Mr Hootington posted:Zoltan Pozsar had thought that commodities will just replace the dollar. He had a number of interesting thoughts and ideas about all of this last year. any way to bypass the paywall? the chrome bypass-paywalls extension isn't working for me on FT
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Aug 29, 2023 14:26
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Mr Hootington posted:Zoltan Pozsar had thought that commodities will just replace the dollar. He had a number of interesting thoughts and ideas about all of this last year. quote:China, for example, has no desire to see India or Brazil join them on the top table at the UN Security Council — nor is it in favour of a multipolar world, whatever it may say in public. i love how they can just say this poo poo without needing to even give a reason why quote:“At a meeting of the China International Development Co-operation Agency there was a lot of discussion about the different kinds of collaboration going on. They talked about south south, north south and triangular co-operation. What is clear is there is a multiplicity of discussions on development and investment issues and these conversations no longer all flow through a western lens.” lol so malding Doktor Avalanche posted:any way to bypass the paywall? the chrome bypass-paywalls extension isn't working for me on FT works for me. skill issue.
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Aug 29, 2023 14:59
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use archive.is
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Aug 29, 2023 15:00
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crepeface posted:i love how they can just say this poo poo without needing to even give a reason why And that quote doesn't hold up to even the slightest scrutiny. China doesn't need to worry too much about who's on the (permanent) Security Council because how could any combination be worse than the majority being the US, the UK, and France? Also China isn't invading other countries.
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Aug 29, 2023 16:48
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Doktor Avalanche posted:any way to bypass the paywall? the chrome bypass-paywalls extension isn't working for me on FT hah, all i had to do was hit f5, apparently it passes through on reload!
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Aug 29, 2023 18:49
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crepeface posted:i love how they can just say this poo poo without needing to even give a reason why Everybody always assumes everybody else is exactly like them. This is why so many of the wildest accusations are projection.
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Aug 29, 2023 19:01
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Mr Hootington posted:Zoltan Pozsar had thought that commodities will just replace the dollar. He had a number of interesting thoughts and ideas about all of this last year. can someone explain why these people are so upset? from what i can tell brics despite being a huge trade bloc hasnt really done anything major, outside of country to country trades
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Aug 29, 2023 20:09
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AnimeIsTrash posted:can someone explain why these people are so upset? from what i can tell brics despite being a huge trade bloc hasnt really done anything major, outside of country to country trades they've gone mad. china mad
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Aug 29, 2023 20:15
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AnimeIsTrash posted:can someone explain why these people are so upset? from what i can tell brics despite being a huge trade bloc hasnt really done anything major, outside of country to country trades The idea of so many countries being able to trade between each other without relying on the dollar is terrifying to the hegemony.
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Aug 29, 2023 20:18
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lol at anglos losing 1% control and going mad
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Aug 29, 2023 20:29
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AnimeIsTrash posted:country to country trades
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Aug 29, 2023 21:07
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yes you send them things and they send things back
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Aug 29, 2023 21:35
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turmp thread retards ftw
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Aug 29, 2023 21:37
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ClassActionFursuit posted:Also China isn't invading other countries. *incoherent screaming about south china seas and debt trap diplomacy in africa*
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Aug 30, 2023 01:18
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crepeface posted:*incoherent screaming about south china seas and debt trap diplomacy in africa* they want a new chinese exclusion act so bad
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Aug 30, 2023 01:49
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AnimeIsTrash posted:can someone explain why these people are so upset? from what i can tell brics despite being a huge trade bloc hasnt really done anything major, outside of country to country trades get it now!?!
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Aug 30, 2023 02:14
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crepeface posted:get it now!?! lmfao
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Aug 30, 2023 02:20
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crepeface posted:get it now!?! lol.
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Aug 30, 2023 02:40
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a thing often reminds me of another, unrelated thing.
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Aug 30, 2023 02:58
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AnimeIsTrash posted:can someone explain why these people are so upset? from what i can tell brics despite being a huge trade bloc hasnt really done anything major, outside of country to country trades they are scared because America no longer raping the world means they, or more likely their children or grandchildren, may have to get a real job.
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Aug 30, 2023 05:04
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crepeface posted:get it now!?! Jesus Christ
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Aug 30, 2023 06:24
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crepeface posted:get it now!?! oh my god lmfao
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Aug 30, 2023 06:32
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crepeface posted:*incoherent screaming about south china seas and debt trap diplomacy in africa* I had somebody go off about Tibet just last week lol
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Aug 30, 2023 08:35
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crepeface posted:get it now!?! holy poo poo lmfao
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Aug 30, 2023 09:30
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