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From what I understand, Russia and India was doing direct currency trade and Russia got tons of rupees in India banks and couldn't buy anything with it because India doesn't export lot of of industrial products. The Russian oil exporters want yuan instead and the Indian government said no you can't use yuan you can use the rupees to buy our Indian bonds (which is a lol). Those all made previous round of news. And then *something* happened and the Indian crude oil importers started paying in yuan. This news was reported as rumor not officially by any government/corperate press. That something was never made news so we don't know how and why the Indian government budged. We don't know where do Indian importers procure all the yuan either because they also have a trade deficit with China. Maybe they are secretly buying yuan with USD on the international market. stephenthinkpad has issued a correction as of 14:23 on Jul 17, 2023 |
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Jul 17, 2023 14:18
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| # ¿ May 18, 2024 22:46 |
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https://twitter.com/GUnderground_TV/status/1682329881663635456?t=p9biyk4tjP7YmLe8NC8y6w&s=19
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Jul 25, 2023 00:37
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Question, can the gold backed currency only use for global trade, like you don't use it domestically daily consumption, you don't use it for investment. But only for trade? Or its impossible for the Brics countries that issue it to limit its used? The USD index is wildly affected by the US interest rate, I don't know how you affect the gold backed index. Throwing national gold reserve into the global market is the only way I guess?
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Jul 25, 2023 13:17
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Introducing the Goon Energy Cube. Each Energoon equals 1 gigajoule of energy.
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Jul 26, 2023 02:00
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Oceans 11
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Aug 24, 2023 13:42
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DiscountDildos posted:Isn't Argentina a bit of a wild card if that ancap weirdo who only wants to trade with the "civilized nations" wins the upcoming election? I don't know how good his odds actually are but he could make things awkward. Yeah Argentina is a wild card, but you can say that of all of latin america right wing parties. So you are kinda always working with half of SA countries closely and other half not so closely. However Argentina is already borrowing RMB, they may choose to resist closer relationship in other ways. Like for example AR is talking about buying chinese fighter planes (2nd hand Pakistani JF17?), but US quickly got got one of the European countries go over to AR and offer them half clearance priced F16. It's funny the west rather use the F16 to cockblock China's MIC instead of giving the F16 to Ukraine.
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Aug 24, 2023 14:30
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Maybe just change the current thread title to reflect it. I think de-dollarization and BRICS future overlaps cover pretty similar geopolitic/finance news topics. It's the same West vs Non-West power struggle.
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Aug 24, 2023 17:12
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crepeface posted:wait, this is confirmed!? seems huge. not heard poo poo about UAE wanting to join This MBS guy is no joke.
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Aug 24, 2023 17:54
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I read an analysis that the big loser of this round of expansion is Indonesia because it's the biggest applicant country by population. Its pretty amazing that all relevant ME join at the same time. Next time when they expand south/central Asia, they probably will get Pakistan, Bangladesh, and Kazakhstan to join at the same time so CIR will each get a buddy country to join.
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Aug 24, 2023 18:49
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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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Does anyone remember one of the reasons Saddam got the full force of US fire power because he tried to switch from USD to Euro to sell oil? Poor guy just moved maybe 10 years too early. If he just hunker down in the 00s, he could be still alive and partying with MBS and Assad right now.
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Sep 14, 2023 14:53
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There is way more yuan trade outside of Swift.
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Oct 22, 2023 14:37
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captainbananas posted:You're not wrong, but it is important to understand that the senior careerist leadership on both sides has been largely trained/conditioned to think about this sort of problem in game-theoretic terms. I think thats the reason all the western companies (MacDonold, all car plants) selling their assets in Russia for 1 ruble have the condition of buying their plants back on the contracts. That's what the hook is. Russia leaves a legal way for these companies to get their assets back, as long as Russia can get their 300 bil foreign reserve back. (Narrator voice) It's not happening.
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Dec 22, 2023 13:02
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Ghost Leviathan posted:I think someone said that probably one of the best case scenarios for Europe is becoming an open-air museum and tourist trap for people from countries that actually have economies. Turns out the Italians are the smartest guys in Europe.
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Jan 1, 2024 06:56
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Can not wait to hear how much Russian money will US court award to all kinds of crazy war tourists/Robert Levinson cases. Plus I heard some early Kinzhal strikes in Ukraine were against foreign military advisers buildings, so they don't even need to make up too much poo poo.
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Jan 5, 2024 00:52
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Oglethorpe posted:nigeria about to be introduced to freedom and democracy through forced regime change I was thinking GWOT or some borderland ethnic minority is going to take up arms.
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Feb 16, 2024 20:55
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I heard from an in-the-know Chinese podcast that Yellen was very upset about Chinese banks buying gold and it was a big topic in her visit to China.
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Apr 25, 2024 10:46
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That's why the US unleashed 301 investigation to Chinese shipping, threatened sanction on Chinese banks that specialize in Russia/Iran (Kunlun bank etc), criticized China for "overproduction" and a couple more things I can't remember off the top my head, after Yellen's visit. Because China didn't agree on any of Yellen's demands. Edit, oh yeah performative "3x tariff on Chinese steel". BTW Indian banks are buying massive gold too. India is a classic example of hedging, can always count on good old India to look out for their own interests, not some stupid US lackey like Japan and Australia. stephenthinkpad has issued a correction as of 15:15 on Apr 25, 2024 |
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Apr 25, 2024 14:18
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| # ¿ May 18, 2024 22:46 |
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PERPETUAL IDIOT posted:What podcast is this? I'd be interested in checking it out. It's 观棋有语 on bilibili, but I don't remember they discussed Yellen in which recent episode.
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Apr 25, 2024 18:30
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