Miscellaneous News

Chevalier said:

https://twitter.com/i/web/status/1973744748751171824

i take it the “bide your strength” China has gone and the dragon has finally awoken, especially after the bs Anglo Australian intelligence operatives pulled in HK in 2019.

There is also a perverse sense of schadenfreude here, like forcing the anglo Australians to pick up the tools (RMB, dedollarisation) to smash their Anglo compatriots and masters in Washington.

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I'm not agreed with this, letting rmb circulated outside china too much is not good. PBoC would have less control on currency. Rather focus on production and technology with goal of close to autarky.
Better bring flash iron making and gradually reduce import.

resistance said:

I'm not agreed with this, letting rmb circulated outside china too much is not good. PBoC would have less control on currency. Rather focus on production and technology with goal of close to autarky.
Better bring flash iron making and gradually reduce import.

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Most institutions prefer to hold onto RMB with the expectation that it will rise in value against eh USD and in any case, they can use that RMB to buy products from the worlds factory: China.


i sincerely hope that after this trade war, this technology war, that western politicians, particularly Anglo politicians understand that the China bogeyman card is political suicide.

resistance said:

I'm not agreed with this, letting rmb circulated outside china too much is not good. PBoC would have less control on currency. Rather focus on production and technology with goal of close to autarky.
Better bring flash iron making and gradually reduce import.

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I think this has less to do with currencies for the trade and more about Australia demanding China pay an +$15 premium per metric tonne above the spot price.

BHP insists on an annual pricing model anchored to the Platts Iron Ore Index while Chinese buyers want quarterly contracts priced more closely with spot levels, which are about $15 lower per metric tonne.

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Sardaukar20 said:

Yeah you've just reminded me of that "skull throne" dude. This is his latest tirade about rice.

https://twitter.com/i/web/status/1973464726547079418

He is calling half of the world "uncivilized" for eating rice. Including some of the US's close allies. Off course. To him civilization means: "Blood of the Blood God! Skulls for the Skull Throne!".

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He is just salty because he knows his skull wouldn’t pass QC to be able to count as a real skull for a skull throne and get chucked on the rejects pile. Just like anyone would do with a watermelon like this.