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Deleted member 23272

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You know, regardless of your stance, as long as you're a "decent human being" the news about Iran and Saudi Arabia resuming diplomatic ties should be taken as positive news, its not really up for debate imo.

And yet what do you see from the West?

This is the biggest geopolitical development of the week and outlets like Foreign Policy magazine have yet to write about it.

Other outlets can only moan about how it was a diplomatic coup and China stepping into America's territory.

Capture.PNGCapture 1.PNGCapture 2.PNG
Like this is petty, it would be embarassing for us if Chinese diplomats and Hu Xijin ran their mouths like this at an American achievement, Americans should be categorically ashamed of themselves for exhibiting this attitude towards a major milestone for peace.

But they are right about one thing, this is a new reality they'll have to get used to. The world has already been bi/multipolar economically for years now, increasingly its becoming one in technology, and as of yesterday, it just became so diplomatically. All that's left for Washington is finance, military, and culture. The clock is ticking and Chinese are patient.

However, just because Chinese are reserved and patient, doesn't mean we can't come out with outbursts of pride every now and then. And just as @siegecrossbow said, yesterday was one of the proudest I've felt as a Chinese in years.
 

coolgod

Colonel
Registered Member
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Who Benefits From Confrontation With China?​

By
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The editorial board is a group of Opinion journalists whose views are informed by expertise, research, debate and certain longstanding
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. It is separate from the newsroom.

Americans’ interests are best served by emphasizing competition with China while minimizing confrontation. Glib invocations of the Cold War are misguided. It doesn’t take more than a glance to appreciate that this relationship is very different. Rather than try to trip the competition, America should focus on figuring out how to run faster, for example through increased investments in education and basic scientific research.
Much of the shift in China policy has been justified as necessary for national defense. National security considerations can provide a legitimate rationale for limiting some types of trade with China. But it can also provide a legitimizing vocabulary for protectionist measures that are not in the interest of Americans. In the long term, the best guarantee of American security has always been American prosperity and engagement with the rest of the world.

That’s true for China, too.
Guessing the SVB collapse shook the US pretty hard. Yellen preparing for another begging mission to China in 3,2,1.

美帝国主义者很傲慢,凡是可以不讲理的地方就一定不讲理,要是讲一点理的话,那是被逼得不得已了。

Xi should probably give a victory speech after the trade war with the US is over.
 

Overbom

Brigadier
Registered Member
This is not even a rural bank, this is a bank in one of the richest areas in the US lol lmao
Whats funny is that its the "safe" US treasuries that caused them to collapse. The bank received a lot of deposits (print print baby!) last year but due to government regulation they had to invest that money in "ultra safe" ways (ie. US treasuries lol). So thats what they did.

Problem is that they bought the US treasuries with very low yield, and then the FED started hiking rates, and now when the bank needed to sell some of its US treasuries it was holding, surprise surprise, no one wanted to buy them because they had a yield of 1 or so percent while out there the current treasuries have a yield of >3.5%. So they had to give a big discount in order to get that liquid cash from selling them.

Venture Capitalist firms learn the news that the bank is basically fucked because like stupid monkeys they were holding a depreciating (papa FED going to keep increasing rates) asset and they noped the fuck out. News spread around and from a few withdrawing their money, everyone started doing it lol.. And that's how they got a delicious bank run. The regulators had to get involved because at that point the bank didn't have enough cash at hand to service all these withdrawals.

In any case, the bank's assets are enough to cover the deposits, but the problem is that they are not immediately accessible (investments, loans, bonds etc). Most likely everyone, in the long term, will get a 10-15% haircut on their deposits (except the <250k accounts).

So what's the lesson from of this mess? Buy US treasuries with low yield (when everyone knew that inflation was coming and that the FED would have to hike rates) and get fucked now. What's funny here is that the bank was forced by the regulators to buy these toilet paper bonds lol

Anyone else remembers all these idiots who were buying US treasuries 30-year bonds with 1 or 1.5% yield..
 

taxiya

Brigadier
Registered Member
So what do you guys think of this?


My opinion is that I agree with this. Having a decent proficiency in English to pursue higher education is already a necessity for a lot of universities across the world (and/or working in English-speaking countries), so why not for Chinese?

The thing is - You are going to study and/or work in China, not in the UK, US, Australia or Canada. What can you even do in China without being able to understand and utilize Chinese on a daily basis, at the very least?

Besides, Chinese is one of the 6 official langauges of the UN - The status and prestige of the Chinese language needs to be lifted even higher on the international stage than it is at present. Furthermore, with the steadily increasing Chinese soft power across the Global South, its prime time that the Chinese language become one of the lingua francas of the world too.
That is a strange proposal if SCMP report is believable. There is 汉语水平考试 been in place for decades doing exactly the same thing. There is no way a foreigner without passing it being admitted into Chinese universities because China don't provide non-Mandarin based courses.
 

CMP

Senior Member
Registered Member
Whats funny is that its the "safe" US treasuries that caused them to collapse. The bank received a lot of deposits (print print baby!) last year but due to government regulation they had to invest that money in "ultra safe" ways (ie. US treasuries lol). So thats what they did.

Problem is that they bought the US treasuries with very low yield, and then the FED started hiking rates, and now when the bank needed to sell some of its US treasuries it was holding, surprise surprise, no one wanted to buy them because they had a yield of 1 or so percent while out there the current treasuries have a yield of >3.5%. So they had to give a big discount in order to get that liquid cash from selling them.

Venture Capitalist firms learn the news that the bank is basically fucked because like stupid monkeys they were holding a depreciating (papa FED going to keep increasing rates) asset and they noped the fuck out. News spread around and from a few withdrawing their money, everyone started doing it lol.. And that's how they got a delicious bank run. The regulators had to get involved because at that point the bank didn't have enough cash at hand to service all these withdrawals.

In any case, the bank's assets are enough to cover the deposits, but the problem is that they are not immediately accessible (investments, loans, bonds etc). Most likely everyone, in the long term, will get a 10-15% haircut on their deposits (except the <250k accounts).

So what's the lesson from of this mess? Buy US treasuries with low yield (when everyone knew that inflation was coming and that the FED would have to hike rates) and get fucked now. What's funny here is that the bank was forced by the regulators to buy these toilet paper bonds lol

Anyone else remembers all these idiots who were buying US treasuries 30-year bonds with 1 or 1.5% yield..
97% of depositors have accounts at SVB exceeding 250k by very significant quantities. You don't run a startup without operating cash in the millions. So the haircuts will be massive.
 
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