Miscellaneous News

Michaelsinodef

Senior Member
Registered Member
what Russia do for exercises with foreign countries and what they do internally very different.
why do you think there is that Fuel tank type pod in the center. and what kind of missions they are training that need external 9000kg of fuel.
View attachment 89353
The PLAGF has exercised with russian ground forces and well, there's really no praise from various leaks (soldiers/officers telling friends/relatives, and various hardcore military entusiast/analysts etc.).

In fact the assesment was pretty damning, although people still thought they might have 'saved' stuff or the likes.

Well what has happened in Ukraine has shattered that perception lol.

Yes, Russia's military isn't as weak as what is described in western media or the likes, but it is clearly inferior to the PLA (conventionally) based on the various stuff we can see in regards to the PLA (as well as insider info and the likes).
 

FriedButter

Brigadier
Registered Member
Please, Log in or Register to view URLs content!

China warns ‘irretrievable consequences’, ‘unbearable price’ amid US’ Taiwan remarks swings

Wu Xinbo, dean of the Institute of International Studies at Fudan University, told the Global Times on Tuesday that going back and forth on the Taiwan question shows the US is taking the possibility of militarily intervention in the Taiwan Straits more and more seriously. And it also suggested that the US may have a ready plan if conflicts do happen, but they have not made such a decision politically.

"What China needs to be concerned about is not what the US said but what they do. Regarding its Taiwan policy, we can see a slew of major adjustments from the Biden administration, including hollowing out the one-China principle, strengthening substantive relations with the island, and elevating Taiwan's global presence," Wu said.

It seems like China is expecting that the US will probably fight a war with China over Taiwan and they 100% know Biden and the Whitehouse is lying about the one China policy.

Remember that the Whitehouse backtracked Biden comments over Taiwan less then 1-2 days ago. Jake Sullivan said the same thing. He is Biden national security advisor, which means the Neocons are planning something with Taiwan.

Wang said at Tuesday's press briefing: "We treat our friends with fine wine. But for our enemies we have shotguns."
 

pmc

Colonel
Registered Member
The PLAGF has exercised with russian ground forces and well, there's really no praise from various leaks (soldiers/officers telling friends/relatives, and various hardcore military entusiast/analysts etc.).

In fact the assesment was pretty damning, although people still thought they might have 'saved' stuff or the likes.

Well what has happened in Ukraine has shattered that perception lol.

Yes, Russia's military isn't as weak as what is described in western media or the likes, but it is clearly inferior to the PLA (conventionally) based on the various stuff we can see in regards to the PLA (as well as insider info and the likes).
Ukraine is particular case nothing to do with military. it has gradual increase in intensity after population distribution happens. there is no weopons that can deal with forest and trenches better than Russians. look at low altitude flying with fuel tanks.
They wont be designing airforce with weapons / platforms for such extreme capabilities if there doctrine and training suboptimal.
 

Michaelsinodef

Senior Member
Registered Member
Ukraine is particular case nothing to do with military. it has gradual increase in intensity after population distribution happens. there is no weopons that can deal with forest and trenches better than Russians. look at low altitude flying with fuel tanks.
They wont be designing airforce with weapons / platforms for such extreme capabilities if there doctrine and training suboptimal.
Man, I still remember when you first joined this forum, even though I didn't join that much earlier than you.
But I still remember how people basically labelled you a russian jai hind.

Although, the last couple of months (especifically the time before Ukraine conflict) I thought you had gotten better.

But seems like you haven't truly changed lol, actually no, would not say you at jai hind levels, but rather just at the jai level?
 

pmc

Colonel
Registered Member
Man, I still remember when you first joined this forum, even though I didn't join that much earlier than you.
But I still remember how people basically labelled you a russian jai hind.

Although, the last couple of months (especifically the time before Ukraine conflict) I thought you had gotten better.

But seems like you haven't truly changed lol, actually no, would not say you at jai hind levels, but rather just at the jai level?
i have very clear understanding by just looking a complexity of product. i gave you hint of 9000kg fuel load on Su-34. you still not understood what this is about. as it is related to much bigger capability not in the picture.
Look at Ruaf operations in Africa and Middleast. This scale of operations need several hundred Airlifters and all the pilot training/maintenance in hot desert in post covid environment. they can surely invest alot more where it counts in strike platforms and missile tech much beyond anyone else.
 

Bellum_Romanum

Brigadier
Registered Member
Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

Menu
POSTED IN
Please, Log in or Register to view URLs content!

China should move reserves out of US Treasuries​

China should move FX reserves away from US assets to preempt possible asset seizure and invest in energy and raw materials
By
Please, Log in or Register to view URLs content!
MAY 24, 2022
Print
China-yuan.jpg
A clerk counts renminbi banknotes at a bank in Huaibei city in east China's Anhui province. Photo: AFP
This
Please, Log in or Register to view URLs content!
first appeared in Guancha.cn (“Observer”), a Chinese-language news and opinion site. Yu Yongding is a Chinese economist who formerly served on the Monetary Policy Committee of China’s central bank. The article is compilation of Yu’s speech delivered during the 2022 Tsinghua Wudaokou Chief Economist Forum on May 14. It has not been reviewed by Yu himself.

China should buy less US Treasury bonds, buy more commodities and strategic materials, and shift away from exports to domestic consumption.


It also should try to fulfill the Sino-US trade agreement as much as possible. It should spend its forex reserves. All these will help promote renminbi internationalization and improve the security of China’s overseas assets. (Translator’s summary)
Today, I want to talk about the reform of the international monetary system, the security of China’s foreign exchange reserves, and the renminbi internationalization.
After the collapse of the Bretton Woods system (a monetary management system based on a link between gold and the United States dollar in 1944 to 1971), the exchange rate of gold was replaced by the US dollar. The status of the US dollar was not weakened but strengthened.
Those who study international finance were confused by such a trend.
When the dollar was backed by gold, people did not have confidence in it. How come everyone trusts the dollar when it is not backed by gold?
The only reason is that people’s confidence in the dollar has not been shaken by the collapse of the Bretton Woods system.

The international monetary system, which is now called the dollar standard, has a fundamental internal contradiction. The word contradiction is neutral without any derogatory meaning.
The US has to maintain a current account deficit in order to provide the world with dollar supply. In fact, it is providing the world with a reserve currency.

After decoupling from gold, the US dollar is purely a legal tender, which has no intrinsic value. Its value is based on American credit. What is credit? It refers to a condition that the purchasing powers of money and debt remain roughly the same. A hundred-dollar debt should not be devalued to ten dollars because of currency depreciation.
With the growth of world trade, the international demand for the reserve currency, mainly the US dollar, is also increasing.
The greater the US trade deficit, the greater the chance that the dollar will eventually depreciate. The possibility that the US will fail to comply with its credit is also growing. This issue is essentially a dilemma.
The US had a net foreign debt of US$15 trillion at the end of 2021 while the US’ foreign debt-to-GDP ratio kept surging. The dollar can still remain stable due to many reasons.

Many countries in the world, especially China, have a strong demand for the US dollar as a reserve currency. They accumulate their foreign reserves by purchasing the US treasury bonds, which represent a large portion of the US foreign debt.
Among these countries, Japan, China, Luxembourg, the United Kingdom and Ireland have purchased US$3.6 trillion of US treasuries.
If the rest of the world divests or stops buying US treasuries, the dollar will depreciate. At the same time, the inflation caused by the US’ extremely expansive monetary policy will further weaken the dollar’s status.
For quite a long time, foreign investors have been worried by the rising net foreign debt-to-GDP ratio, national debt-to-GDP ratio of the United States, as well as the extremely loose monetary policy implemented by the US over the past ten years. All these may worsen the US’ balance of payments situation while inflation will fuel the dollar depreciation.

Russian-Ukrainian conflict

Now a new problem has emerged. After the Russian-Ukrainian conflict, the US has frozen US$300 billion in Russian banks. Such a move against a nuclear power, which was out of people’s imagination in the past, seriously damaged the credit of the US.
The status of the US dollar as an international reserve currency has been further impacted by other geopolitical factors. These are the current challenges faced by the international monetary system.
China has long accumulated US$3.3 trillion in reserves through dual surpluses, namely the current and capital account surpluses. I have a few comments on this phenomenon:
First, by any measure, China’s reserves meet the forex adequacy ratio requirement.
Secondly, China’s forex reserves have an extremely low yield and focus too heavily on overseas assets. As we have a surplus in the capital account, we borrow money and remit it to the US. Therefore, a considerable part of China’s forex reserves is borrowed, but not earned from the trade surplus.
The financing cost of such a part of forex reserves is very high. Although China has US$2 trillion of overseas net assets, its investment return has always remained negative for more than ten years, or almost 20 years.
This situation is in sharp contrast with the US. The US has a net debt of US$10 trillion but receives an annual investment income of hundreds of billions of dollars. The investment income of the US in 2021 amounted to US$200 billion. This is my second point.
The third point is that the geopolitical conflict between China and the US poses a serious threat to the security of China’s overseas assets, especially its forex reserves. In fact, I have been worried about this issue for some time. The US’s freezing of Russia’s forex reserves shows that it is completely possible for the US to seize China’s overseas assets, particularly forex reserves, if it deems it necessary.
In fact, an article published by the Financial Times in December 2013 raised this issue. If the US has a conflict between China, it can seize China’s overseas assets. The US will suffer losses, but China’s losses will definitely be bigger. It will cause a serious blow to the global economy.
Adjusting asset-liability structure
Here are two reasons why China’s overseas asset-liability structure needs to be adjusted:
First, it can boost its overseas investment income, which should not be negative year after year. This is a mismatch of resources and must be adjusted.
A very important part of the adjustment is to reduce the proportion of forex reserves in China’s overseas assets.
Second, it can improve the security of China’s overseas assets, especially forex reserves. The US-Russian conflict tells the world that not only the assets of the Russian central bank can be confiscated, but also the assets of the Russian oligarchs, who may be the friends of American people.
How to improve the security of China’s overseas assets is a very important issue we have to deal with.
China’s overseas assets include two parts: stock and flow.
In terms of stock, or so-called existing volume, there is not much that can be done to adjust the structure of overseas assets and liabilities. But still, there are several options.
First, China should reduce holdings of US treasuries and increase holdings of other forms of assets. In the past, we were worried about the devaluation of the dollar so we diversified our forex reserves to different currencies. In special circumstances, such as the conflict between Russia and Ukraine, such diversification is not very meaningful although it still can be an option for us.
Second, China can consider boosting its investment in strategic resource-producing countries, such as equity investment in Central Asia, especially in Arabian oil fields.
Third, China can consider confiscating foreign investors’ assets if the US seizes China’s overseas assets. However, we must be careful about this.
China should keep the promise and strictly protect the investment of foreign investors in the country.


Continued on the link:
Please, Log in or Register to view URLs content!


ERING GEO-POLITICAL NEWS
 

PiSigma

"the engineer"
Dark age... with Russian victory the massive nail in the coffin for western credibility.

Please, Log in or Register to view URLs content!

Western Civilization at a Crossroads: Dark Age or Renaissance?

Please, Log in or Register to view URLs content!


It has been many years since JFK and his brother died, and the better traditions of the republic which they died defending have been forgotten.

Rudyard Kipling once wrote: “East is East, and West is West, and never the twain shall meet, Till Earth and Sky stand presently at God’s great Judgment Seat.”

In his poem, Kipling was expressing his belief that cultures of the east and west were so intrinsically different that any hope for harmony or mutual interest was little more than a delusion.

As an unrepentant racist and British imperialist, Kipling was quite certain that he exemplified the best of western civilization, founded as it was upon global submission of the dark-skinned races to a British hegemon which was mandated to rule the world as overlords. This imperial view was founded upon a ‘master-slave’ ordering of society, an intense racism and a tendency to treat the individual members of society like hedonistic pleasure-seeking creatures incapable of acting upon any higher principles of justice, or goodness beyond their local immediate concerns.

None other than arch priest of British free trade, Adam Smith had laid out this view in his 1759 ‘Theory of Moral Sentiments’:
“The care of the universal happiness of all rational and sensible beings, is the business of God and not of man. To man is allotted a much humbler department, but one much more suitable to the weakness of his powers, and to the narrowness of his comprehension: the care of his own happiness… Nature has directed us to the greater part of these by original and immediate instincts. Hunger, thirst, the passion which unites the two sexes, the love of pleasure, and the dread of pain, prompt us to apply those means for their own sakes, and without any consideration of their tendency to those beneficent ends which the great Director of nature intended to produce them.”

How could such a worldview possibly mesh with the cultures of orthodox Russia, Confucian China, or the Arab world? To the degree that those cultures maintained their ancient traditions and values, it obviously could not, as only total submission to a hegemon could resolve the conflict.

This poisonous worldview was popular among many of the elites of Kipling’s day, just as it is in today’s ‘rules based international order’ driving the world towards total war.

Thankfully, this toxic worldview was never a true representative of ‘western culture’ as its advocates wished to believe.
On closer inspection of history, one finds not one, but two competing philosophies of natural law and self-interest operating under the banner of “western civilization”. And while the imperialists would wish theirs were the only option, the fact remains that the greatest developments such as the progress experienced during the
Please, Log in or Register to view URLs content!
,
Please, Log in or Register to view URLs content!
and
Please, Log in or Register to view URLs content!
were not animated by this worldview but something much more dignified. Where the imperial outlook rules by divide-to-conquer strategies of war, the anti-imperial outlook represents true Christian values by striving for peaceful resolutions and diplomatic solutions to conflict.

Where the imperial view demands that a total wall be placed between the interests of individuals and the welfare of the whole nation, the better renaissance traditions strive to harmonize the sense of personal freedom with the wellbeing of the nation, as echoed in America’s founding documents and Kennedy’s famous speech compelling Americans to ‘ask not what the country can do for you, but what you can do for the country”.

Unfortunately, it has been many years since JFK and his brother died, and the better traditions of the republic which they died defending have been nearly forgotten.

With their deaths, America drifted ever more into a disastrous enmeshment of forever wars and ‘greed-is-good’ deregulation, and consumerism that saw vital industries outsourced to cheap labor markets. During the Cold War with the Soviets; wars, assassinations, coups and other horrors were justified by both sides of this artificial Manichean clash in a race for total global dominance.
After decades of living in terror of nuclear annihilation, the world found hope in the early 1990s as the Soviet Empire, weakened under their own stagnation and lack of creative vitality, wilfully dissolved under the figure of Mikhail Gorbachev.

A new age was blossoming, as the Soviets were promised the best that western civilization had to offer with billions of dollars promised to be invested in projects across all former Soviet nations in exchange for the independence of Warsaw Pact states and an embrace of capitalism.

Of course, NATO was recognized as obsolete by many, and so the vocal promises made by James Baker and other leading American officials that the bloc would not encroach one inch upon the Russian Federation was assumed to have been made in good faith.
It did not take long for the former Soviet states to realize what lies had befallen them. Within a short time, Russia was hollowed out under the dark age of Perestroika looting overseen by the administration of Bill Clinton, Strobe Talbott and Talbott’s Russophobic assistant Victoria Nuland. The IMF regime imposed onto the former Soviet states ensured that industries were crushed, new oligarchs were built up on the riches of privatized state assets, energy prices increased, wages frozen and Balkanization permitted with a devastating illegal war launched by NATO onto Yugoslavia in 1998. NATO also continued to grow from 16 to 30 members with a broader ‘full spectrum dominance’ agenda encircling Russia with a missile shield that countless experts have warned can be made offensive in short notice.

Nowhere was this destruction most visible than in Ukraine which has today become the sparkplug for a potential thermonuclear WW3.
Enjoying one of the highest per capita economies of Europe in 1990, today’s Ukraine has fallen to the bottom of the list, ranking among the most corrupt states on Earth. Despites billions in IMF loans spent over 30 years, Ukraine’s economy is 2/3 what it was in 1990 and has lost its once powerful rocket/aviation and space industry that was once the most productive on Earth. Even its automotive industry has disappeared and the vast coal and hydrocarbon resources under her soil are inaccessible due to years of IMF conditionalities.

Energy prices have skyrocketed 1079% between the Maidan coup in 2014 and 2021, while overall use of energy has collapsed from 298.8 billion kW hours in 1990 to a dismal 148.8 billion kW hours today. Along with the destruction of industry and energy came the destruction of the people whose longevity has fallen with birthrates. Infant mortality has risen to 7 deaths per 1000, and the population has fallen from 52 million in 1990 to 37.3 million today. There is not one single demographic factor which does not indicate either the highest degree of incompetence by western technicians spread out over 30 years or the systemic intention to destroy a once great people for purely geopolitical ends.

These are the gifts of the ugly counterfeit of ‘western values’ which proclaimed absolute victory over the world in 1992 as ‘an end of history’. Then-senator Joe Biden displayed this dishonest agenda in his 1992 ‘How I learned to love the New World Order’ saying: “Having contained Soviet Communism until it dissolved, we need a new strategy of ‘containment’ based, like NATO, on collective action”.

The fact is that those advancing this paradigm were never the representatives of true western values, but were like Kipling, merely romantic Utopians ideologically committed to an age of total domination of the weak under a rule by the strong. This ideology underlies the downfall of every major empire throughout history, as it is only capable of destroying the diversity, and creative vitality so necessary for humanity to thrive and progress. It is a culture of dark ages, war and ignorance and it is everything that those leading figures of the renaissance and American revolution sought to extinguish forever from the face of the Earth.

See link for rest of article...
How did u get strategic culture site to work? Been giving me the 403 error for a month
 
Last edited:
Top