(Thread IKs:
fart simpson)
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China has already said that they are in favor of a bancor like system replacing the dollar hegemony. Dedollarization right now wont lead to that immediately, but the aftermath where china is one of the big winners may eventually lead to it.
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Mar 30, 2023 15:50
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| # ? Jun 10, 2024 22:33 |
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https://twitter.com/zeke_speek/status/1641267590751481856?t=oL4rHeqgw_tstSx2SaiPjw&s=19 Saudis joining SCO as well
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Mar 30, 2023 16:03
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Ardennes posted:The Ruble was still pegged to the dollar even if it was a closed currency, so you could say it still rested on dollar hegemony to a certain extent. I think the Rupee was generally free floating but the Indian government had tried to tie it to some degree to the Pound. dollar. Indira Gandhi tied it with the dollar at a fixed exchange rate for a while when the nehruvian industrialization plans created a base of heavy industry and the demand for consumer goods began rising. This was pre the IMF-BCCI wombo combo so states had a lot of breathing room still.
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Mar 30, 2023 16:54
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We just need to go back to food vouchers. Rebrand your government covid app so people can use it to get big jugs of milk from local cvs every month. Stuff a pound of cheese to grade schooler's backpack to save on distribution overhead. Also each person get 5 yard of fabric from post office to make clothes. Just select your preferred color in the last page of your tax return.
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Mar 30, 2023 17:12
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stephenthinkpad posted:Just use gold and oil and iron ore as basis of international trade. we tried that and uh
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Mar 30, 2023 17:17
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There needs to be an international reserve currency, International businesses won't want to have a bank account in every country they do business in. Nations don't want to take on debt in many denominations just to make use of it. It limits exposure to forex issues. Dollar was stable enough and global enough to work. If you use gold you will have to do large moves of bullion occasionally and gold is not 100% price-stable either. Or you have all the gold in a vault somewhere and countries just trade claims on it but the vault will be in USA or England anyway, like a hostage. USA saw that being the issuer of reserve currency means trade deficits don't matter and every nation will need to aquire US debt i.e. rolling loans to USA to support the military superpower that enforces the dollar back on them
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Mar 30, 2023 17:27
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its okay to just say 'drat capitalism is duck taped together there seems to only be a choice between bad outcomes'
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Mar 30, 2023 17:30
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OH MY GOD THATS BANCOR'S MUSIC
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Mar 30, 2023 17:30
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god dammit gradenko, i already read too many threads.
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Mar 30, 2023 17:32
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That's why you should work toward direct currency settlement and balanced trade. And only use gold to settle on the small bit of deficit.
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Mar 30, 2023 17:35
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Antonymous posted:There needs to be an international reserve currency, International businesses won't want to have a bank account in every country they do business in. Nations don't want to take on debt in many denominations just to make use of it. It limits exposure to forex issues. Dollar was stable enough and global enough to work. ever heard of bancor
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Mar 30, 2023 17:38
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Zodium posted:god dammit gradenko, i already read too many threads. I got my arm in a sling for a month so I'm deciding to make it everybody's problem by reading even more than I already did
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Mar 30, 2023 17:38
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lol at every liberal on Reddit saying “China is a currency manipulator. This is a BAD idea.” over and over in lockstep
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Mar 30, 2023 17:47
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fart simpson posted:ever heard of bancor i like the first draft where keynes doesn't even try and just calls it "bank money"
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Mar 30, 2023 17:52
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fart simpson posted:ever heard of bancor quote:Dominique Strauss-Kahn, the former managing director of the IMF, was asked by a BBC journalist about his thoughts on how the global economy ought to be reconfigured in the aftermath of the 2008 events. His astonishing answer was:
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Mar 30, 2023 17:58
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When china said it was a good idea to bring in the bancor there was a US dude that said "sure about as good as a time to do it" and the dollar lost a few penies against the euro so obama called him to retract his statement
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Mar 30, 2023 18:02
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fart simpson posted:ever heard of bancor lovely creature design imo, also effects limitations made it look like Luke was just fighting a puppet between the stop-motion shots
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Mar 30, 2023 18:27
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crepeface posted:https://twitter.com/zeke_speek/status/1641267590751481856?t=oL4rHeqgw_tstSx2SaiPjw&s=19 looking forward to US academia and political think tanks all suddenly deciding that Saudi Arabia is the bad kind of totalitarian instead of the good kind of authoritarian in a couple years
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Mar 30, 2023 18:30
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lol keynes' clearing union was very different from the IMF we ended up with
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Mar 30, 2023 18:31
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stephenthinkpad posted:That's why you should work toward direct currency settlement and balanced trade. And only use gold to settle on the small bit of deficit. balanced trade would have locked China, Taiwan, SK, Japan, maybe Germany etc into a slower development route. idk that much about what keynes proposed. But balanced trade with bullion movements to settle accounts was the norm only 100 years ago and you can read about if it worked well
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Mar 30, 2023 18:33
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Mister Bates posted:looking forward to US academia and political think tanks all suddenly deciding that Saudi Arabia is the bad kind of totalitarian instead of the good kind of authoritarian in a couple years I can't believe the people who did 9/11 would do us like that
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Mar 30, 2023 18:35
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Mister Bates posted:looking forward to US academia and political think tanks all suddenly deciding that Saudi Arabia is the bad kind of totalitarian instead of the good kind of authoritarian in a couple years it will be interesting if you suddenly see the lawsuits against Saudi Arabia for 9/11 start back up in US courts
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Mar 30, 2023 18:39
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https://www.youtube.com/watch?v=nLYpWTilvHg this guy slaps
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Mar 30, 2023 18:44
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stephenthinkpad posted:Just use gold and oil and iron ore as basis of international trade. In a universe where seizing actual, physical assets that exists in the real world, to satisfy debts denominated in poo poo that hardly exists at all, is something other than the explicit purpose of lending money since 5000 BC.
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Mar 30, 2023 18:45
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eSports Chaebol posted:it's really simple and there's one objective ranking: incorrect william henry harrison was the best us president by a huge margin let alone anything even close
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Mar 30, 2023 18:46
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The true story of Jurassic Park American Imperialists don't want you to see!!! https://twitter.com/ruima/status/1641493473793835008?t=EoSQbKuNZzfIPNC8eCm2cQ&s=19
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Mar 30, 2023 18:47
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Mister Bates posted:looking forward to US academia and political think tanks all suddenly deciding that Saudi Arabia is the bad kind of totalitarian instead of the good kind of authoritarian in a couple years not likely - guess who funds those think tanks
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Mar 30, 2023 18:48
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Best Friends posted:not likely - guess who funds those think tanks the saudi ruling class is smarter than the american one
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Mar 30, 2023 18:54
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DiscountDildos posted:The true story of Jurassic Park American Imperialists don't want you to see!!! 
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Mar 30, 2023 19:02
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interesteing
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Mar 30, 2023 19:08
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tristeham posted:the saudi ruling class is smarter than the american one the virgin British royal family and Camelot enjoyer versus the chad Saudi royal family be-er
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Mar 30, 2023 19:29
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Antonymous posted:balanced trade would have locked China, Taiwan, SK, Japan, maybe Germany etc into a slower development route. yeah but what if it was on the blockchain
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Mar 30, 2023 19:37
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https://twitter.com/KenRoth/status/1641481190518472709
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Mar 30, 2023 21:07
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i am genuinely amazed how little control america actually has over the saudis i was certain they wouldve had that entire family on lockdown its crazy
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Mar 30, 2023 21:45
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why do you post every single tweet kenneth roth makes?
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Mar 30, 2023 21:45
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Spergin Morlock posted:why do you post every single tweet kenneth roth makes? ok fine lets try something from someone more respectable https://twitter.com/tedcruz/status/1641526709374558215
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Mar 30, 2023 22:18
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Some Guy TT posted:ok fine lets try something from someone more respectable when I occasionally try to listen to ted cruz I usually make it 5 to 10 seconds before I have to turn it off lol
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Mar 30, 2023 22:28
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1000 year war? How about we just hang loose for the next 999 years and only worry about it the night before.
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Mar 30, 2023 22:32
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1000 year war makes perfect sense when facing the 1000 year reich
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Mar 30, 2023 23:01
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| # ? Jun 10, 2024 22:33 |
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https://twitter.com/guardian/status/1641261748962447361 i too agree that these are equally bad ideas
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Mar 30, 2023 23:03
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