Miscellaneous News

Butt-hurt Trudeau and Canadian politicians were upset that the Chinese government ignores them so they cook up more election interference and now threatening Canadian politician nonsense. I think the CPC only cares if relatives of the Canadian politician aren't any corrupted officials that are bankrolling and laundering money.

FriedButter said:

If I did the math right. Of the ~500,000 people who took the survey. About ~115,000 had prepared or attempted suicide, which is a ~23% rate. It is that high? Wow.

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Bunch of failures. How hard is it to off oneself? Japanese society is made up of at 23% total failures.

The British economy is just as productive as it was in 2008, but with a weaker pound and worse income equality.

Don't overthink it. The sun has already set on the British empire.

Now why oh why doesn’t China give America the time of day?

birdlikefood said:

I re-read the lyrics of “American Pie”, and there is such a passage:

"Now for ten years we've been on our own
And moss grows fat on a rolling stone
But that's not how it used to be
When the jester sang for the King and Queen
In a coat he borrowed from James Dean
And a voice that came from you and me"

Yoon doesn't know or pretends not to know?

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Good explanation thread:

The Telegraph

Protesters protect themselves from a drone surveillance state:

Japan protests:

eprash said:

What would be a realistic scenario if US defaults? How would it affect people in other countries?

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very unlikely though

antiterror13 said:

very unlikely though

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The market disagrees. Credit default swaps are literally at all time record highs. I messed around with derivatives just as the original Covid scares slammed markets, and made a pretty penny. This time around I am too scared of messing around with derivatives so just sitting on gold. Gold has been kicking ass too.

CMP said:

The market disagrees. Credit default swaps are literally at all time record highs. I messed around with derivatives just as the original Covid scares slammed markets, and made a pretty penny. This time around I am too scared of messing around with derivatives so just sitting on gold. Gold has been kicking ass too.

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good luck!

Chevalier said:

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Anglo mouthpieces are in visible pain when they are forced to report that China has secured the mother lode of cobalt and nickel in the Congo despite Anglo American attempts to force African nations to hand over control of cobalt mines to anglo Americans.

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Finally the Russians come around to sense and realise Indians were trading the subcontinent equivalent of the US dollar for precious limited resources Russian crude oil.

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indians really should only pay for goods in yuan or gold; everything else is ephemeral

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TK3600 said:

This is the dilemma of dedollarization. Dollar might be crap, but you might replace it with a worse crap. Someone like China could swallow the crap just to inflict political damage on US, but not everyone can afford that. Furthermore smaller country can give political concessions in exchange for making a country accept bad currency, India is too big for concession.

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Simple terms explain in supermarket scenario below:

Indian mart has spices, pharmaceutical drugs
Middleast bazaar has oil, gas, spices
Russia has grains, barleys , gas, oil, military equipment
Brazil has beef and poultry
African country has minerals and fertilizers
SEA nations has rice, fruits
China has finished products ( electronics, cars, trains, infrastructures, military equipment, finished goods) aka Supermarket

By trading in Renminbi all the nations can choose to trade for finished product from China or China will pay in a voucher (Renminbi) if they do not want to exchange for finished goods, Chinese supermarket voucher are recognized to exchange amongst other products with other countries.

Imagine an Indian mart want to also issue a voucher that can only exchange with spices and drugs, most would rather have China supermarket voucher which they can get everything, that's the case of USD hegemony because China accepting USD as interchangeable w their voucher , once China and others stop accepting USD voucher -it's gameover.

Getting your currency accepted is not done in one day , it's take decades of industry diversification so you become the supermarket and your "voucher" can be accepted