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

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

#121

Post by tim333 »

zrn900 wrote: post #100
contingencies wrote: post #61

Earlier quoted context omitted.

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 pl…

>Your establishment has gone from "Ukraine will get to Moscow in 3 months"

I think you are getting your information from some weird bubbles or Russian propaganda. I don't think anyone establishment said anything like that. If anything they expected Ukraine to collapse.

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

#122

Post by tim333 »

zrn900 wrote: post #109
contingencies wrote: post #107

Earlier quoted context omitted.

Most of your points are vague, opine or circumstantial and rely on an us-and-them sense of reasoning. This and the use of first person and a plural second person do not lend weight to your argument. I myself hold three citizenships and am part slavic, raised irreligious and to hold America in a very dim light. I lived much of my life in China, but find myself moving to the US for good reason. Nationalism is an infant…

> Most of your points are vague, opine or circumstantial and rely on an us-and-them sense of reasoning That's what you did with "Most of the people I know". The rest are literal references from actual Angloamerican establishments. You are literally contradicting what NYT, Reuters et al bluntly say. Take it up with them and tell them that they are wrong. > I myself hold three citizenships and am part slavic, raised ir…

>99% of the people will never own a house [in the US]

is just nuts

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

#123

Post by racional »

zrn900 wrote: post #100
contingencies wrote: post #61

Earlier quoted context omitted.

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 pl…

Even NYT admits that 'the world' is literally with Russia.

That's very clearly not what the article says. Its key themes are that the world is "fragmented" and "ambivalent", and that Western sanctions haven't helped as much as hoped. At no point does it paint a picture of a world that is plainly "with Russia". In fact the article's most telling chart (the one that aligns abstaining UN votes with population) speaks directly against this assertion you're making.

Your establishment has gone from "Ukraine will get to Moscow in 3 months"

This is simply nonsense; absolutely no one has said anything about Ukraine getting to Moscow.

to "Ukraine doesn't need its territory to win"

That's the view of that one opinion piece. It's definitely not the consensus view of the political leadership in countries supporting Ukraine.

You people are delusional and speak delirious.

You are clearly misinformed about a lot of things -- and even when an NYT article is right in front of you, you can't seem to read its main points correctly.

Whether that means you are delusional or speak delirious -- is up to you, man.

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

#124

Post by tim333 »

pmontra wrote: post #73
mark_l_watson wrote: post #50

Earlier quoted context omitted.

I once spent 25 minutes having coffee with the CIA director (just the two of us) and once Secretary of Defense Melvin Laird slapped me on the back after I gave a presentation, giving me effectively an ‘atta-boy’. I was just a computer programmer, but I did OK. My friend, times change, and we need to re-evaluate the world situation, and what is in our best interests. Someone in this thread mentioned England’s reach of…

England disengaged because they could not afford to run their empire anymore. They ended up as a vassal state of the USA. They were lucky because they remained in the same general cultural area. I wonder whom the USA will be a vassal to. BTW the UK and France resisted that disengagement when they attempted to keep Suez from Egypt in 1956 but that expedition failed, also because the USA didn't like it.

>England ... ended up as a vassal state of the USA

I think is a bit unfair. The state is the UK and we cooperate with the US but are not especially told what to do by them. I note with Ukraine the UK were the first to supply anti tank weapons, long range missiles, allow strikes on Russian territory with their weapons and so on and the US tagged along after.

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

#125

Post by tim333 »

JumpCrisscross wrote: post #82
MangoCoffee wrote: post #35

Earlier quoted context omitted.

>We rely on being the world’s reserve currency, "Saudi Arabia ends 80-year petrodollar deal with US for multi-currency sales" https://www.indiatoday.in/business/story/saudi-arabia-ends-8... "No empire lasts forever, no dynasty continues unbroken" edit: Since the U.S.'s war on terrorism, the U.S. has said that every trade done in dollars is de facto done on U.S. soil and thus subject to U.S. laws. I'm surprised that m…

The petrodollar era ended between the 90s and 2000s. The Saudis switching from swapping U.S. dollars for oil to swapping yuan for dollar-pegged Saudi riyals is peak nothingburgerism. (Did you know the British have always sold oil for pounds?)

Yeah, for international trade I don't think it matters what currency you use. USD GBP Dogecoin or whatever. It's mostly for convenience people use USD. For domestic stuff the currency is important as people have their wages and bills in that.

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

#126

Post by slavaukro123777 »

zrn900 wrote: post #108
AtlasBarfed wrote: post #106

Earlier quoted context omitted.

Even if you're right and I haven't looked at it the specific one cuz I don't really care, it's a short-term result. Russia is in the early midst of a complete demographic meltdown even before the war. The invasion Ukraine happened cuz this is the last disposable generation Russia could muster for invasion. Of course this is just hastening their demographic decline in the next 10 years. Combine that with the fact that…

> Even if you're right and I haven't looked at it the specific one cuz I don't really care That. Therein lies the problem that destroys the Angloamerican-led world order and the countries that are under its yoke from within: You prefer a certain version of reality that appeals to what you believe and feel. As a result, you literally ignore anything that contradicts those and amplify whatever supports those - which al…

[flagged]

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

#127

Post by AtlasBarfed »

zrn900 wrote: post #108
AtlasBarfed wrote: post #106

Earlier quoted context omitted.

Even if you're right and I haven't looked at it the specific one cuz I don't really care, it's a short-term result. Russia is in the early midst of a complete demographic meltdown even before the war. The invasion Ukraine happened cuz this is the last disposable generation Russia could muster for invasion. Of course this is just hastening their demographic decline in the next 10 years. Combine that with the fact that…

> Even if you're right and I haven't looked at it the specific one cuz I don't really care That. Therein lies the problem that destroys the Angloamerican-led world order and the countries that are under its yoke from within: You prefer a certain version of reality that appeals to what you believe and feel. As a result, you literally ignore anything that contradicts those and amplify whatever supports those - which al…

You're the one in deny all the demographic data.

The compounding problem for Russia is that not only is the war killing a million plus people. Probably by the end of it it scared off 5 million other people in emigration and probably 20 million more in the coming years

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

#128

Post by mlindner »

lawn wrote: post #4

It's mentioned in the article, but the reaction to the sanctions seem fairly severe? Russian banks went down en masse, the spread of foreign currencies was larger than the official numbers, and people were queuing outside the banks to withdraw money. Of course, the Russian narrative is that this will hurt the west more than it will hurt Russia...

I think this was also intended to help push the last foreign companies out of Russia. If they can't do currency exchanges easily then it increases reasons to get out of country.

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

#129

Post by baybal2 »

JumpCrisscross wrote: post #69
SXX wrote: post #62

Earlier quoted context omitted.

> The semiconductor shortage is pretty big What semiconductor shortage? Who is affected by them? Russia is buying literally everything through Turkey, Kazakhstan and other ex-USSR countries. US and EU exports to ex-USSR countries are booming. Of course Russia can't just sneak up some giant oil refinery or LPG equipment, but semiconductors are super easy to smuggle. Even more so since they have unlimited budget.

> What semiconductor shortage? Who is affected by them? Russia is buying literally everything through Turkey, Kazakhstan and other ex-USSR countries Which increases cost and lag time. It also means they’re restricted to commodity components; it’s even harder for them to have custom components fabricated. Blockade runners have always been a thing. The point of the blockade is to increase cost, lag and uncertainty. Tha…

[dead]

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

#130

Post by zrn900 »

racional wrote: post #123
zrn900 wrote: post #100

Earlier quoted context omitted.

> 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 pl…

Even NYT admits that 'the world' is literally with Russia. That's very clearly not what the article says. Its key themes are that the world is "fragmented" and "ambivalent", and that Western sanctions haven't helped as much as hoped. At no point does it paint a picture of a world that is plainly "with Russia". In fact the article's most telling chart (the one that aligns abstaining UN votes with population) speaks di…

> That's very clearly not what the article says. Its key themes are that the world is "fragmented" and "ambivalent"

That's what it says, like how Bloomberg does. Except, NYT cannot tell it as Bloomberg tells it so it must make it so that the establishment that it backs has still some chance. It has not. 80% of the world increased its business with Russia, including even Europe, despite all those sanctions.

> You are clearly misinformed about a lot of things -- and even when an NYT article is right in front of you, you can't seem to read its main points correctly.

Say the people who have been roped into believing all kinds of sh*t ranging from nonexistent WMDs to 'ghost of kiev'. When called out, NYT just admitted that yes, it was a lie, but it was 'good for morale so it was ok'.

You people who subscribe to the Angloamerican Western media have no business talking about being misinformed.

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