Miscellaneous News
- Thread starter bd popeye
- Start date
I think you havent listened to Putin. he always try to put Germany in uncomfortable situation and that i am using polite words.
This white shirt guy is from Germany seeking traditional values in Russia. Every one is smiling.
I don't think that it's even possible for the RMB to replace the USD as the reserve currency. Being a reserve currency means that it has to be widely circulated and available in the greater market. The US runs a trade deficit so that means that dollars constantly flow towards the global market so any country that does a decent amount of trade will have access. In contrast, China has a very large trade surplus so currency is take out of the global system and flows into the country.
China knows all this so while they've made steps towards buying more things using RMB instead of USD, they haven't tried to replace it as a reserve currency. They're moving in that direction, but more as an initiative in partnership with other countries instead of trying to do it on their own. Also, I think that the most important goal isn't to replace the USD altogether; it's enough to provide an alternative to SWIFT.
antiterror13
Brigadier
and I don't believe China want it either ... not yet anyway
I think USD is the only choice for now
I think USD is the only choice for now
You're making these kinds of statements again! You consider celebrating Halloween a sign of a country's modernization, and you still see the acceptance of Western culture as the standard of modernization. You're beyond redemption.
supercat
Colonel
This is what you get if your country is ruled by financial crooks instead of engineers: nonsensical false promises. BTW, if you have the patience to listen to the video clip, you will find out that Scott Bessent is incredibly delusional. He claims that they can form a "democratic rare earth supply chain", as though RE technology and expertise have anything to do with democracy.
Headline that didn't age well:
Headline that didn't age well:
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Forget Halloween, you don‘t see women being forced to wesr hijab. That by itself is a huge achievement.
Its interesting how they're pretending China is allowing Nexperia chip export, when the actual published Chinese rules is slavery:
- Only companies that's ran out of chips and facing shutdown can apply, meaning China can keep them in perpetual near shutdown state kill-able at a moment's notice
- The companies can't change to a different supplier, because unless they instantly switch the entire volume over, they'll cease to be in crisis and as such lose Nexperia supply before their new supplier ramps up.
- Companies can only get the chips if they pass comprehensive review, which means they have to disclose anything and everything China requires, continuously. These rules also obviously imply the companies cant stockpile chips, or buy them on someone else' behalf.
China offered them a bomb collar in exchange for being allowed to live, and they're celeberating, lol
This will not happen.