Miscellaneous News

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 to make them concede.

Click to expand...

Most of consumer products are based on Western tech. Can Russia buy Indian made BMW with rupees and still get software support from BMW?. Those BMWs may not easily configured for Russian market. This assuming Indian BMW corporate are brave enough to deal with sanction violation on large scale.
Thats why those Toyotas that has less sophistication and global parts and certain level of leniency from Japan are easily available. The only middle path is either Gold or some of the Arabic currencies where Indians earns alot. and than Arabs deal in trading with Japan and Korea.

They still have trade surplus despite 32% rise in Japanese imports.

Please, Log in or Register to view URLs content!

Middle East's trade surplus with Japan widened 5.4 percent to JPY 819 billion (USD 6.1 billion) last month, with Japan-bound exports from the region increasing 12.1 percent from a year earlier.
Crude oil, refined products, liquefied natural gas (LNG) and other natural resources, which accounted for 95.8 percent of the region's total exports to Japan, rose 13.1 percent. The region's overall imports from Japan expanded 32.3 percent on demand for automobiles and machinery.

Click to expand...

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.

Click to expand...

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?

Click to expand...

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?

Click to expand...

very unlikely though

antiterror13 said:

very unlikely though

Click to expand...

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.

Click to expand...

good luck!