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A new world order? BRICS nations offer alternative to West

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Re: A new world order? BRICS nations offer alternative to West

#51

What's this alternative offering exactly? Corruption? Police state? Crime? Poverty? Yeah, no thanks. Get your shit fixed and then we'll talk.

The alternative offering is this: "BRICS nations launched the New Development Bank as an alternative to the World Bank and the International Monetary Fund".

Re: A new world order? BRICS nations offer alternative to West

#52

I have a hard time believing any country which requires an international bailout will get more favourable terms from the New Development Bank than the IMF, as if they did, they could just convert the yuan into dollars and be better off at China's expense. What am I missing?

Fascinating. If I read the Wikipedia article, initial capital is paid in dollars. However all the bonds they issued are RMB-denominated. I wonder who the buyers are.

https://en.wikipedia.org/wiki/New_Development_Bank

Re: A new world order? BRICS nations offer alternative to West

#54

Earlier quoted context omitted.

Lived in China. World class cities. Amazing public transportation locally and continentally. Low inflation. Extremely low crime. No random gun violence. Amazing natural and historic wonders.

All that plus traffic much worse than an American could imagine and 500+ 2.5 PPM days. Ultimate had to leave because the wife couldn’t handle the AQI and we had a baby on the way.

True. Although I would take the traffic issues over randomly getting shot any day.

Re: A new world order? BRICS nations offer alternative to West

#55

Earlier quoted context omitted.

That's right. But the side with the bigger guns get to decide. Regardless, China does not want to use its military on Taiwan. They would much rather have a peaceful reunification.

China’s leadership is constantly telling the world, however, that they might use their military if X happens, they simply don’t after X happens each time. If we judge china by it’s actions, you are correct, but if we judge china by what it says…

The X factor here is the US.

Re: A new world order? BRICS nations offer alternative to West

#56

Earlier quoted context omitted.

There is a Popeyes in Hong Kong airport.

We have Popeyes in South Africa, we just don't like it.

You guys have NANDOS which I am always sincerely thankful for, but don’t get many chances to visit living in west coast US.

Re: A new world order? BRICS nations offer alternative to West

#57

Earlier quoted context omitted.

All that plus traffic much worse than an American could imagine and 500+ 2.5 PPM days. Ultimate had to leave because the wife couldn’t handle the AQI and we had a baby on the way.

True. Although I would take the traffic issues over randomly getting shot any day.

It turns out that most people don’t get randomly shot in the USA (most gun violence is suicide or with people that are already looking for trouble), but everyone gets stuck in traffic.

The traffic didn’t bother me that much, I just went to work at 6AM and came back around 3 PM. The problem was the air pollution, when you start affecting life expectancy and unlike gun violence isn’t easy to avoid.

Re: A new world order? BRICS nations offer alternative to West

#58
post #8
post #2

This is, by far, the most important story of the decade and explains a lot of what we're seeing. The implications for the US Dollar are especially dramatic.

This explains nothing. It is a side-effect of poor domestic monetary and social policies that call into question the long term stability of Western democracy.

The poor domestic monetary policy is the equivalent of one or two fewer lifeboats but make no mistake: the end of the petrodollar is the iceberg.

Re: A new world order? BRICS nations offer alternative to West

#59

Earlier quoted context omitted.

True. Although I would take the traffic issues over randomly getting shot any day.

It turns out that most people don’t get randomly shot in the USA (most gun violence is suicide or with people that are already looking for trouble), but everyone gets stuck in traffic. The traffic didn’t bother me that much, I just went to work at 6AM and came back around 3 PM. The problem was the air pollution, when you start affecting life expectancy and unlike gun violence isn’t easy to avoid.

https://www.bbc.com/news/uk-65092102
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