Miscellaneous News

Eventine

Junior Member
Registered Member
I mean, I haven't exactly hidden which side I'm on lol.

As a US citizen, working in DOD-land no less, it should be understandable that I want the US to do as well as possible. As a result, I do indeed consider China to be our #1 competitor. After all, I wouldn't be so disaffected about our (many) failings if I didn't want us to do better.

With that said, just because we're rivals doesn't mean that I have any ill-will towards the PRC. I personally believe competition is healthy, and that by having another country around who can actually punish our failures, we are more incentivized to innovate and better ourselves. Ideally, we would be able to achieve a peaceful but competitive co-existence, wherein both nations feel "pushed" to explore more, discover more, invent more, etc. than the other side. I believe that such a dynamic would be the best outcome not only for us, but for CN as well. I don't even think such a dynamic requires animosity between the sides.

However, this is obviously not the reality that we're trending towards. Instead of taking measures to materially improve our position, we instead dump resources into the same senselessness that got us here, opting instead to take petty potshots at China's own efforts to improve theirs. As others have said, yes, CHIPS and other similar acts have been cobbled together as a response to CN initiatives. While I am entirely on board with them in principle, the efforts themselves are often ensnared in political showmanship, lobbying concessions, and bureaucratic red tape, resulting in little more than big promises, high costs, and little gain. It is going to take a lot more than just throwing money, tax breaks, and slogans at our problems to fix them; and unless we're wiling to take such measures, no amount of ankle-biting sanctions or histrionic headlines is going to stop you guys from surpassing us.

As a bit of an aside, since the DC-fellating think tankies et al. are the ones doing some of the worst damage, calling them out for their imbecilic shrieking is actually doing us a favor. Just one example of how you guys giving us a wake-up smack every now and again is beneficial (not to mention, probably highly cathartic for folks on the CN side - and rightfully so, given how we've treated it).


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The main issue is that Republicans - and the deep state faction they represent - are not on board. Only the Democrats have pledged indefinite support. But there is a significant fraction of the political elites in the US who are, in fact, quite sympathetic to Russia. This should have been obvious during the Trump years, when the policy was to try and get Russia on the US's side - never mind Crimea - against China. Basically the reverse Nixon, but with the added dimension that the US's radical right are fans of Russia and would side with them against the "woke" liberals on a values basis.

As the election draws near, and the Republicans' strategy unify around bashing China and striking a peace deal with Russia, the Democrats are caught between a rock and a hard place.
 

FairAndUnbiased

Brigadier
Registered Member
I applaud 9dashline’s jingoism but this is very important. When you strike, you want to strike as hard as you can. You want to appear unthreatening and let others open their big mouths and look stupid. I can’t believe I’m saying this but this reminds me so much of the Ip Man where he fights the American and the American dude does not shut up the entire time. Each strike from the American guy that doesn’t knock him out only makes him stronger. Although he seems at a disadvantage, in the end Ip Man beats his ass.

In a similar vein, any economic war must be total and followed up by the strongest military action the world has ever seen. Any hesitation and you end up like Russia. The most important lesson you can take from this whole fiasco in Ukraine is to not let politics and emotions decide action!

in this sense, it’s best for china to not do anything yet in order to conserve her strength.
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, 50% labor participation, etc. it just chooses to ignore them for fear of looking weak.

It's like how a weightlifter might choose to ignore symptoms of diabetes for fear of looking weak. Everyone thinks the weightlifter must be super fit because "only if you have good health can you afford to weightlift". But that's not true. Many have chronic diseases that they ignore because they don't want to think about what happens when they become weak from disease, especially if they've been beating up alot of people. Ironically that makes it so that when the disease finally does strike in an unignorable way, it is often too late for treatment.
 

xypher

Senior Member
Registered Member
I think it is fake news by Bloomberg. Read between the line is that India won't breach Western sanctions but those sanctions and price cap only apply when using Western financial institutions for banking, insurance, or shipping. Otherwise, I don't see how India would get any Russian oil as price is definitely north of $60 at the moment even with discounts.
Urals price is below the cap atm -
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. I think supapowa got the message sent to them through the Modi documentary and Adani's destruction, and is now begging their masters for forgiveness that way - India is a paper tiger economically.
 

pmc

Major
Registered Member
Urals price is below the cap atm -
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. I think supapowa got the message sent to them through the Modi documentary and Adani's destruction, and is now begging their masters for forgiveness that way - India is a paper tiger economically.

Turkey maintaining $5b import per month. highly unlikely Ural price below cap when Turkey imports are at record level. and Star refinery start in Feb.
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The main partner for imports was Russia in January 2023

In January 2023, the top country for Türkiye's imports was Russia with 5 billion 1 million dollars. The country was followed by Switzerland with 4 billion 337 million dollars, China with 3 billion 557 million dollars, Germany with 1 billion 807 million dollars, USA with 1 billion 229 million dollars. The ratio of first five countries in total imports was 47.4% in January 2023.

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taxiya

Brigadier
Registered Member
Just wonder how that works technically. The funds are in USD which means any transactions to that account is noticed by US government. I don't think the bank would ignore US sanction because US can block the USD transaction in and out of that bank if not specifically that account.

Unless, the US government only knows the total holding of USD of the bank without knowing individual accounts and their transactions. If so, I am seeing this WSJ report as preparing for an US sanction on the Chinese bank as "I don't know if you are sending USD to Iran and I don't care because you may." This would be the same thing US has been doing regarding "China sending lethal weapon to Russia". Truth doesn't matter.
 

coolgod

Colonel
Registered Member
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US Plans Emergency Measures to Backstop Banks After SVB Collapse​

  • Fed is said to plan easing terms for accessing discount window
  • Fed, Treasury are also preparing program to backstop deposits
The Fed is planning to ease the terms of banks’ access to its discount window, giving firms a way to turn assets that have lost value into cash without the kind of losses that toppled SVB’s Silicon Valley Bank. The Fed and Treasury are also preparing a program to backstop deposits using the Fed’s emergency lending authority.

Imagine if 东方某神秘大国 at this time decided to dump more US securities, things might get spicy.
 

plawolf

Lieutenant General
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US Plans Emergency Measures to Backstop Banks After SVB Collapse​

  • Fed is said to plan easing terms for accessing discount window
  • Fed, Treasury are also preparing program to backstop deposits


Imagine if 东方某神秘大国 at this time decided to dump more US securities, things might get spicy.

3…2…1 until western MSM starts blaming China for SVBs collapse as some 6D chess move to allow China to dump its US treasury holdings faster.
 

pmc

Major
Registered Member
The main issue is that Republicans - and the deep state faction they represent - are not on board. Only the Democrats have pledged indefinite support. But there is a significant fraction of the political elites in the US who are, in fact, quite sympathetic to Russia. This should have been obvious during the Trump years, when the policy was to try and get Russia on the US's side - never mind Crimea - against China. Basically the reverse Nixon, but with the added dimension that the US's radical right are fans of Russia and would side with them against the "woke" liberals on a values basis.

As the election draws near, and the Republicans' strategy unify around bashing China and striking a peace deal with Russia, the Democrats are caught between a rock and a hard place.
Germany have this American shift in mind. Germany whose prosperity is depended on China will face European revolt once US really push them to sanction China. Germany does not have much support any way except lower per capita Eastern EU whose demographics Russia is grinding down in Ukraine and through high inflation.
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Pistorius: It puts us under time pressure, of course at all times, because we always have to keep in mind that the Americans could also shift their focus for other reasons, namely towards the Indo-Pacific, which is a completely different reason than that of another American president. That is why I never tire of emphasizing that more efforts are needed for a coordinated European defense policy and for assuming the corresponding responsibility, while at the same time we always know that we can continue to rely on our transatlantic partner, the USA, in the future. But the balance can shift and we have to prepare for that.
 

Overbom

Brigadier
Registered Member
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US Plans Emergency Measures to Backstop Banks After SVB Collapse​

  • Fed is said to plan easing terms for accessing discount window
  • Fed, Treasury are also preparing program to backstop deposits


Imagine if 东方某神秘大国 at this time decided to dump more US securities, things might get spicy.
Sounds like printing but in more steps. Unless I am mistaken, If your asset has lost "value" but you then give it to them as if it was full value, then you are basically printing money
 
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