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Chinese yuan becomes Russia's main foreign currency, replacing dollar and euro

unn.ua

91–100 of 131 posts

Re: Chinese yuan becomes Russia's main foreign currency, replacing dollar and euro

#91
post #87

Earlier quoted context omitted.

> All time high as of producing small amount of very expensive stuff You’ve made a series of wrong, uncited claims. This is another one. > Is USA capable of producing huge number of electric motors? Siemens is the world’s largest manufacturer of electric motors. They have massive plants in Germany, Ohio and Missouri [1][2]. Toshiba, the second largest, in Houston and Canada [3]. ABB, third largest, with plants across…

Again, spending a lot is not the same as having large number of machinery produced. Dollar bills don't blow up BTRs, cheap energy is cool but Russia too has cheap energy. They also have cheap people who can use that cheap energy to build huge numbers of cheap stuff that blow up expensive things. It's like India going to the moon at cost that would be considered pocket change in the USA. Ping me when Ukrainian drones…

> spending a lot is not the same as having large number of machinery produced

You’ve made a series of wrong, uncited claims. This is another one. (And the last one I’m responding to. You are not arguing in good faith.)

You called out electric motors. By mass and production volume, China is outstripped by Allied production.

> cheap energy is cool but Russia too has cheap energy

Much less than America production-wise. We’re counting volumes and mass, right?

> like India going to the moon at cost that would be considered pocket change in the USA

You really keep picking terrible examples to spitball on.

The SSLV’s launch cost per kg is over 3x Falcon 9’s [1][2]. American access to space is orders of magnitude cheaper and more extensive than India, Russia and China’s combined, despite massively higher labour costs and design requirements.

That said, India actually got to the Moon. Can’t say as much about Russia [3].

[1] https://www.newspace.im/launchers/isro

[2] https://en.m.wikipedia.org/wiki/Space_launch_market_competit...

[3] https://en.m.wikipedia.org/wiki/Luna_25

Re: Chinese yuan becomes Russia's main foreign currency, replacing dollar and euro

#92
post #83

Earlier quoted context omitted.

> they are far from running out of this stuff(soldiers of any kind with any equipment) before the west They destroyed their veterans in the opening gambit. Mowing down unequipped numpties at staggering loss ratios isn’t a problem for Kyiv so long as its ammunition supplies are assured. > Russians have criminal level of tolerance for lost lives Russia is an empire. Moscow isn’t sending its children to the front, it’s…

I know, it's a brilliant system: Send your soldiers to force unarmed men in the other end of your empire go fight for you in Ukraine. I've seen some stats showing that now %10 of military age Tuva people fought in Ukraine. In Moscow that was about %0.2. Russia has a moat here, Ukraine and the West can't pull anything of that sort. Also, the mentality of Russian people or slavs in general is very prone to conspiratori…

> Russia has a moat here, Ukraine and the West can't pull anything of that sort

The West is the moat. Ukraine’s war production is almost entirely in the West.

> I have relatives who are offended by the west despite living in EU, having their life quality depended on the success of EU but root for Russia to win and "show the arrogant west who's the boss

Yeah, sort of like the most-fervent proponents of American doomerism frequently being Americans.

Re: Chinese yuan becomes Russia's main foreign currency, replacing dollar and euro

#93
post #89

Earlier quoted context omitted.

So for all practical reasons there is very little they can use them for. They can of course invest into India economy to get even more Rupees.

Not too long ago, I pondered the question of "what would I do if I were an evil tsar sitting on a billion rupees". My best answer was to recruit Indian mercenaries for meat attacks. But it is possible that New Delhi would not like that. India doesn't suffer from a lack of young disposable men, but it also cares about its international reputation.

> recruit Indian mercenaries for meat attacks. But it is possible that New Delhi would not like that

Mm hmm [1].

[1] https://www.bbc.com/news/world-asia-india-68767470

Re: Chinese yuan becomes Russia's main foreign currency, replacing dollar and euro

#94
post #5

Earlier quoted context omitted.

> If I were in charge, the first thing I would do would be to close most foreign military bases. We can have the strongest military in the world and have them largely based in the US. The strategy behind the foreign military bases isn't just about having the strongest military in the world. They serve two purposes: First, we want to preserve the credible threat of boots on the ground anywhere in the world within just…

I don’t argue with your main points except to question if it is worth the money now. I was in the defense industry for 25 years, and my comments above are just my opinions on what is in the best interests of the US taxpayer today in 2024. I am questioning the value of having 800 military bases in foreign countries in 2024. What was once a good idea may not be worth the money and resources now. What does the US give u…

"What does the US give up not protecting the rest of the world?"

A whole constellation of mostly rich allies and friends, many of which may be forced to join some hostile power, in the same way that Czechoslovakia was forced by Stalin to abandon the Marshall Plan (1946) and later absorbed into the Soviet Bloc outright (1948).

Aren't you happy to have countries like Italy, Germany and Japan as friends? Was it better or cheaper for an average American taxpayer when they were geopolitical adversaries? I doubt that.

Re: Chinese yuan becomes Russia's main foreign currency, replacing dollar and euro

#95

Earlier quoted context omitted.

Not too long ago, I pondered the question of "what would I do if I were an evil tsar sitting on a billion rupees". My best answer was to recruit Indian mercenaries for meat attacks. But it is possible that New Delhi would not like that. India doesn't suffer from a lack of young disposable men, but it also cares about its international reputation.

> recruit Indian mercenaries for meat attacks. But it is possible that New Delhi would not like that Mm hmm [1]. [1] https://www.bbc.com/news/world-asia-india-68767470

I know that individual instances happened, but with the amount of rupees that Moscow now owns, I'd expect to see a whole army raised...

Re: Chinese yuan becomes Russia's main foreign currency, replacing dollar and euro

#96
post #27
post #12

Earlier quoted context omitted.

With markup. That slows down the economy and makes everything more expansive. Whcih makes the economy not competetive on the international market. Keep it that way for a few decades and you get North Korea.

A few decades of war isn't helping anybody. Unlike the Russia, western politics shift because everything in the west is also getting expensive. Europe has seen this already.

Inflation in EU is like 2%?

Re: Chinese yuan becomes Russia's main foreign currency, replacing dollar and euro

#97

Earlier quoted context omitted.

> sanctions make very little difference short term. Giving more weapons to Ukraine is the only way to stop Russia Correct. Long term, the effects of a materially-high real interest rate, capital controls and the demographic and technological degradation of sanctions and the war directly are starting to show their teeth. Sanctions won’t stop this war. But they’ll facilitate degrading Russia so it is in no position to…

the west only cares about this to weaken russia. Weapons will only cost more lives. "Weapons will stop this war"? How? What's the end game? When it started the people believed it would be over in 3 days. Now all of a sudden people believe ukraine can destroy russia? How many more ukranian and russian soldiers must die? This war will not be stopped by weapons. Just like any other. But if it was, i can't see a defeated…

Every generation has a group of useful… that will support a new front of war.

That’s my conclusion with the comments here.

Re: Chinese yuan becomes Russia's main foreign currency, replacing dollar and euro

#98
post #47

Earlier quoted context omitted.

> Russian banks went down en masse Huh? In what world? > the Russian narrative Dont say such things after saying stuff like you just did above. You people live in such a delusional false reality propagated by your establishment that its worse than 2003. Ukraine is 'winning' despite losing, Russia is sinking despite becoming the 4th largest economy and having major increase in real wages, US economy is 'doing fine' ev…

> Russia is sinking despite becoming the 4th largest economy Sixth [1] to 11th [2], on track to being eclipsed by Indonesia and Mexico. > having major increase in real wages Real wages are up, yes, but real disposable income is flat [3]. This isn’t uncommon in a war footing [4]. Labour and necessities are diverted to the front, raising prices for both. That squeezes disposable income, which moderates price growth in…

>> Russia is sinking despite becoming the 4th largest economy

What part of it is 'sinking'? It increased its oil exports. It increased its other resource exports. Europe is still buying Russian gas and oil, except through India and its now called 'Indian oil'. It achieved independence in a lot of things that it was buying from the West, mixing it with homegrown products and global south imports. The sanctions HIT EUROPE MORE, with all the European companies losing their market share in Russia and their market share being taken over by Russian companies and Chinese ones.

The references are from REUTERS, none other than one of the Angloamerican establishment mouthpieces that sells every war including how they sold the WMD lies, and some aggregate of Wikipedia articles that are tangential and supposed to be relevant?

Here's what's relevant:

https://siepr.stanford.edu/publications/policy-brief/fragile...

> This isn’t uncommon in a war footing [4]. Labour and necessities are diverted to the front, raising prices for both. That squeezes disposable income, which moderates price growth in luxuries. The effect, if you’re measuring with a pre-war basket of goods, is rising real earnings and falling disposable income.

None of that is applicable to the actual reality that Russians themselves report, you are just flat out theorizing what 'should happen' with absolutely no connection to the actual reality.

Everything you say and believe is in line with things like 'ghost of kiev', "ukraine will reach Moscow in a month", "Russia wanted to conquer Ukraine in 3 months but it couldn't", "Chinese economy is set for a hard landing (yet) again" and all that sh*t.

...

Really, you people live in la la land. Your worst enemy is not Russia or China. Its you and your delirious 'I prefer to believe what I like to hear" attitude.

Downvote this post. It will make the reality go away.

Re: Chinese yuan becomes Russia's main foreign currency, replacing dollar and euro

#99
post #96
post #27

Earlier quoted context omitted.

A few decades of war isn't helping anybody. Unlike the Russia, western politics shift because everything in the west is also getting expensive. Europe has seen this already.

Inflation in EU is like 2%?

Sure that's the official figure but people are annoyed that everything is %50 to %200 more expensive compared to 2-3 years ago without having their income growing at the same pace. This is because people feel the inflation different ways because different classes consume different stuff and the average doesn't mean much when you have your rent doubled and the food becoming %50 more expensive.

Re: Chinese yuan becomes Russia's main foreign currency, replacing dollar and euro

#100
post #47

Earlier quoted context omitted.

> Russian banks went down en masse Huh? In what world? > the Russian narrative Dont say such things after saying stuff like you just did above. You people live in such a delusional false reality propagated by your establishment that its worse than 2003. Ukraine is 'winning' despite losing, Russia is sinking despite becoming the 4th largest economy and having major increase in real wages, US economy is 'doing fine' ev…

Here's some independent data points. 1) Everyone I personally knew in Russia has left, and every international collaboration in science I have seen seems to have ended. 2) People I know who are full time online teachers report that Chinese have virtually overnight lost their spot as the most numerous students, replaced by hordes of Russians seeking to emigrate. 3) Indisputable military points of clarity from global n…

> Everyone I personally knew in Russia has left > People I know

Everyone I know in my home country which has absolutely no relation with any of these has also left. The 99.9% of the population have not. Your personal circle and the specific demographics you belong to do not constitute statistics.

> 3) Indisputable military points of clarity from global news are that Russia failed to capture Ukraine's capital after planning and attempting to do so

Angloamerican and satellite media outlets are not 'global', not to mention that all the 'experts' that they rely on are full of sh_t just like how they were back in 2003. Their sole job is to sell this war so that US and satellite taxpayer money can be channeled back to US defense corporations via Ukraine. The result is that Raytheon et al are posting record profits.

> 4) Russia's petro-diplomacy clearly backfired: the entire world

You people say these delirious things. 80% of the world has increased its business relations with Russia instead of decreasing it. India even told a bipartisan British parliamentary delegation to sod off when they went to India to lecture them about how they should cut their relations with Russia. Here's 'the entire world':

https://www.politico.eu/article/west-more-united-also-isolat...

https://www.nytimes.com/interactive/2023/02/23/world/russia-...

Even NYT admits that the West is isolated and 'the world' is literally with Russia. But you people contradict your own establishment mouthpieces.

Here in Europe we are still buying Russian oil and gas, even more than before, EXCEPT THROUGH INDIA, GABON and other intermediaries. Gabon, a tiny African country, increased its merchant marine to 100 ships in a few months just to sell Russian oil and gas to Europe. Europe's exports to Russia cratered, but its exports to Tajikistan, Kazakhstan and various neighboring countries skyrocketed with the EXACT percentage with which its exports to Russia cratered. Go figure. Everything is the same as before in Europe related to Russia, and yet imports are more expensive because it goes through intermediaries.

> the entire world has pivoted away from fossil fuels

Another self-propagated delirium that is the product of too much Angloamerican media consumption. Hasnt happened.

> I think any summary version of reality that includes Russia 'winning' at this stage

The summary version of the reality in which Russia is winning is this reality.

https://www.nytimes.com/2023/12/27/opinion/ukraine-military-...

"Ukraine Doesn’t Need All Its Territory to Defeat Putin"

Your establishment has gone from "Ukraine will get to Moscow in 3 months" to "Ukraine doesn't need its territory to win". They are making 'perception management' to manage you people as if you were idiots. And they seem to be succeeding too.

> The Chinese will suffer too, because this aids Xi Jinping's narrative of resisting the west during a period in which he is asserting authoritarian nationalism and increasing financial, economic and cultural controls.

Nobody needs to 'resist' 'the West'. Its bankrupt. Its capitalist class started to eat the societies alive by trying to profit from housing, healthcare, education and even basic foodstuffs as they exhausted the means to exploit other countries. Dollar lost its place as the foreign exchange currency and unused dollars are now flowing back to the US, causing inflation. 99% of Americans are estimated to be going to be never own a house whereas 80% of 30 year olds and 90% of 40 year olds own their houses in China, which they paid with their own money.

'The West' is so in knee-deep sh*t that this is what's happening there:

https://www.reddit.com/r/AmerExit/

You people are delusional and speak delirious. This is how it must have been in the late stages of Roman empire as it was nearing its end: Delusion and denial.

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