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Weka
May 5, 2019

That child totally had it coming. Nobody should be able to be out at dusk except cars.

Here's a fun visualization of largest trading partners, it's out of date though, China is Germany's biggest trading partner now.

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HallelujahLee
May 3, 2009

im seeing a pattern here jack

Centrist Committee
Aug 6, 2019

Weka posted:

Here's a fun visualization of largest trading partners, it's out of date though, China is Germany's biggest trading partner now.



this owns, where did you find that?

Raskolnikov38
Mar 3, 2007

We were somewhere around Manila when the drugs began to take hold
the Serbian-Montenegrian axis

Azathoth
Apr 3, 2001

Legit thought Russia would have more primary connections.

Weka
May 5, 2019

That child totally had it coming. Nobody should be able to be out at dusk except cars.

Centrist Committee posted:

this owns, where did you find that?

https://www.visualcapitalist.com/cp/biggest-trade-partner-of-each-country-1960-2020/

It's got 1960 and 2000 too.

HallelujahLee
May 3, 2009

looking like china is growing larger very fast

ikanreed
Sep 25, 2009

I honestly I have no idea who cannibal[SIC] is and I do not know why I should know.

syq dude, just syq!
The best thing about dedollarization takes is all the neoliberals who can't understand free trade

Cpt_Obvious
Jun 18, 2007

Liberal I talk to made fun of me for using "export" when referencing dollars, like it was an inappropriate term for money.

croup coughfield
Apr 8, 2020
Probation
Can't post for 56 days!
you have it or you don't. all there is to it

Weka
May 5, 2019

That child totally had it coming. Nobody should be able to be out at dusk except cars.

ikanreed posted:

The best thing about dedollarization takes is all the neoliberals who can't understand free trade

The BEST thing is the hypocrisy?!

Lpzie
Nov 20, 2006

i love this collapse... i will of course remian here and collapse alongside it as is my duty...

Centrist Committee
Aug 6, 2019

yes, ha ha, yes

Orange Devil
Oct 1, 2010

Wullie's reign cannae smother the flames o' equality!
lol @ Latvia and Lithuania in that graph.

crepeface
Nov 5, 2004

r*p*f*c*
https://thecradle.co/article-view/24080/de-dollarization-kicks-into-high-gear

some examples that haven't come up in the thread already:

quote:

Less than four weeks ago, Banco Bocom BBM became the first Latin American bank to sign up as a direct participant of the Cross-Border Interbank Payment System (CIPS), which is the Chinese alternative to the western-led financial messaging system, SWIFT.

quote:

The deal between Russia and Bangladesh for the construction of the Rooppur nuclear plant will also bypass the US dollar. The first $300 million payment will be in yuan, but Russia will try to switch the next ones to rubles.

quote:

Russia and Bolivias bilateral trade now accepts settlements in Boliviano. Thats extremely pertinent, considering Rosatoms drive to be a crucial part of the development of lithium deposits in Bolivia.

hydrocarbons:

quote:

The Shanghai Petroleum and Natural Gas Exchange went into business in March 2018. Any oil producer, from anywhere, can sell in Shanghai in yuan today. This means that the balance of power in the oil markets is already shifting from the US dollar to the yuan.

The catch is that most oil producers prefer not to keep large stashes of yuan; after all, everyone is still used to the petrodollar. Cue to Beijing linking crude futures in Shanghai to converting yuan into gold. And all that without touching Chinas massive gold reserves.

This simple process happens via gold exchanges set up in Shanghai and Hong Kong. And not by accident, it lies at the heart of a new currency to bypass the dollar being discussed by the EAEU (Eurasia Economic Union).

Centrist Committee
Aug 6, 2019

crepeface posted:

https://thecradle.co/article-view/24080/de-dollarization-kicks-into-high-gear

some examples that haven't come up in the thread already:





hydrocarbons:

the dollar share of reserve currencies slid 10 times faster than the average in the past two decades

Lol

Hubbert
Mar 25, 2007

At a time of universal deceit, telling the truth is a revolutionary act.
love 2 love in north america while de-dollarisation unfolds

Burn Zone
May 22, 2004



Hubbert posted:

love 2 love in north america while de-dollarisation unfolds

Maximo Roboto
Feb 4, 2012


lmao the Greater East Asian Co-Prosperity Sphere asserts itself, out of nowhere

Azathoth
Apr 3, 2001

Maximo Roboto posted:

lmao the Greater East Asian Co-Prosperity Sphere asserts itself, out of nowhere

*a chill runs up the spine of everyone in Korea simultaneously*

thechosenone
Mar 21, 2009
So like, is there any way to graph the sensitivity of the USD's value in relation to the amount of it used by other nations? I'd be curious to see the correlation between how much the currency is used and how fast it's value changes.

Edit: those sentences sound basically the same, I'm just wondering if there's a number I could look at that would provide lols.

thechosenone has issued a correction as of 01:41 on May 4, 2023

Maximo Roboto
Feb 4, 2012

Seriously though why is the yen up like that

crepeface
Nov 5, 2004

r*p*f*c*
de-dollarisation defanging sanctions

https://apnews.com/article/cuba-russia-lavrov-latin-america-b09894e3d6e64971fd00dd99ba332a35

quote:

HAVANA (AP) Russian Foreign Minister Sergey Lavrov condemned U.S. sanctions on Cuba on Thursday as he visited the island and met with top leaders, including newly re-elected President Miguel Daz-Canel.

Lavrov was on the last leg of a Latin American tour that has taken him to Brazil, Nicaragua and Venezuela.

The Russian foreign minister met with Daz-Canel and semi-retired but still influential leader Raul Castro, according to photographs published by the Communist Party newspaper Granma, although no further details were offered on the content of the meetings.

During his visit to the island nation, which for decades was a staunch Moscow ally, Lavrov condemned the American economic sanctions on Cuba, and blasted the U.S. for seeking to impose its will on the world, according to a dispatch on the state media outlet Cubadebate.

Earlier in the day, Lavrov met with his Cuban counterpart Bruno Rodrguez and took part in a wreath-laying ceremony at a memorial in Havana for Cuban independence hero Jos Mart.

Rodrguez, for his part, rejected what he called the expansionist aspirations of NATO and the sanctions imposed on Russia.

Cuba has had an extensive relationship with Moscow since the 1960s, when it joined the bloc of socialist countries led by the then Soviet Union, receiving many vital imports fertilizers, industrial equipment, spare parts and, above all, oil in exchange for sugar.

Russia, along with Venezuela, is one of Cubas few suppliers of oil, sending an undetermined amount to the island, which is undergoing a severe energy crisis.

Also, two weeks ago, Cuban banks started to accept payments with MIR cards, a payment system in Russia that allows Russian tourists to make cash withdrawals and convert rubles to Cuban pesos.

MIR cards are accepted in other partner countries of Russia, including Turkey and Vietnam, and are operated by the state-owned Russian National Card Payment System.

Weka
May 5, 2019

That child totally had it coming. Nobody should be able to be out at dusk except cars.

Maximo Roboto posted:

Seriously though why is the yen up like that

It's only like 5.5% of total foreign reserves so that 3% gain is a shift of 0.165% of total foreign reserves.

Lpzie
Nov 20, 2006

i dumped a lot of usd in to the yen markets last month. that might be partly why,,,

Centrist Committee
Aug 6, 2019

thechosenone posted:

So like, is there any way to graph the sensitivity of the USD's value in relation to the amount of it used by other nations? I'd be curious to see the correlation between how much the currency is used and how fast it's value changes.

Edit: those sentences sound basically the same, I'm just wondering if there's a number I could look at that would provide lols.

yeah id like to know that too, probably need to know a lot more about chinese monetary policy

Centrist Committee
Aug 6, 2019

I said in the number thread that cutting russia off from swift was the nuclear option and lol turns out that was a dud

crepeface
Nov 5, 2004

r*p*f*c*
nah, you were right, it's just that Russia had spent 2008-2022 setting up a big trampoline that made the nuke bounce off and hit the West in the crotch with a big donk sound

crepeface
Nov 5, 2004

r*p*f*c*
https://twitter.com/delta_defence/status/1655090793504440320?t=nGO8eEP_oPJQxrAMalqHhw&s=19

bvj191jgl7bBsqF5m
Apr 16, 2017

Í̝̰ ͓̯̖̫̹̯̤A҉m̺̩͝ ͇̬A̡̮̞̠͚͉̱̫ K̶e͓ǵ.̻̱̪͖̹̟̕
I get dedollarized every time my wife goes shopping

Centrist Committee
Aug 6, 2019
I support your multipolar household op

crepeface
Nov 5, 2004

r*p*f*c*
https://twitter.com/spectatorindex/status/1656290125880623104?s=20

dead gay comedy forums
Oct 21, 2011


the fact that international politics have moved past the stage of "well there's no such thing as financial neutrality" is yuuuuueg

Azathoth
Apr 3, 2001

dead gay comedy forums posted:

the fact that international politics have moved past the stage of "well there's no such thing as financial neutrality" is yuuuuueg

There's a great episode of the ALAB Podcast where they talk about how sanctions are literally equivalent to outright war. They develop the argument quite well, but the gist of it is that when one country attacks another, the way they win is not by defeating each other in pitched battle but by doing sufficient damage to the other's industrial base.

So when one country bombs the factories of another to take said factories out of the war, sanctions accomplish the same thing by starving said factory of raw materials. Same thing with destroying a convoy of supplies, sanctions does the same thing by preventing said supplies from being imported. When the supplies are medical, sanctions kill just as surely as a bullet, and when sanctions reduce overall life expectancy, it kills just as surely as dropping bombs.

But conducting war by sanctions plays much better on the evening news, since the violence is sanitized behind economic "choices". Countries have, of course, understood this for a long time but it looks like there's finally a critical mass to move away from the dollar to reduce the ability of the West to fight in this way.

Fat-Lip-Sum-41.mp3
Nov 15, 2003
A blockade is an act of war. Sanctions do the same thing as a blockade. Of course it's an act of war.

Cpt_Obvious
Jun 18, 2007

It's like a marine drop in the drone line.

evilmiera
Dec 14, 2009

Status: Ravenously Rambunctious
I don't want to trade in dollars, yuan, euros or pounds, get us started on Credits or Eurodollars or something.

dead gay comedy forums
Oct 21, 2011


Fat-Lip-Sum-41.mp3 posted:

A blockade is an act of war. Sanctions do the same thing as a blockade. Of course it's an act of war.

Postmodernity muddled the waters enough that even that vocabulary got trashed. When I explain that Cuba suffers a blockade, for all intents and purposes, even to this day a lot of people get surprised. Just because there aren't destroyers stopping ships from getting there doesn't mean that it isn't functionally the same.

And that's important to emphasize, always. That "of course" gets missed by a lot of people, and that's the point: even happens to some people on the receiving end of sanctions (especially the ones in a class position of some relevance) think they are "misunderstandings". Getting it clear cut as an act of aggression and elaborating why to people is one of those things that it's good for us Marxists to do

Fat-Lip-Sum-41.mp3
Nov 15, 2003
"Enhanced diplomacy," not war.

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crepeface
Nov 5, 2004

r*p*f*c*

evilmiera posted:

I don't want to trade in dollars, yuan, euros or pounds, get us started on Credits or Eurodollars or something.

:gb2gbs:

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