Deutsche Bank becomes first foreign yuan clearing bank in Europe

Post by vrganj » Thu, Aug 13, 2026, 1:30 PM UTC

codedokode wrote: post #113

jillesvangurp wrote: post #57

Earlier quoted context omitted.

One consequence of the transition to renewable energy and electrified transport, is that oil imports will start to decline. And the dollar is of course the currency of choice for that. The US economy and other countries that export fossil fuels will feel the impact over the next decade or so. The energy transition might go a lot quicker than people seem to expect. Currently about 20% of global car sales is electric.…

What's good in electric cars? If a large power plant is destroyed how are you going to charge your electric car to escape?

Post by usrnm » Thu, Aug 13, 2026, 1:30 PM UTC

victorbjorklund wrote: post #60

kachnuv_ocasek wrote: post #41

Earlier quoted context omitted.

It's as much "human nature" as being a slave was once the nature of some (chosen) peoples.

Conflict between humans is much much more nature than slavery was. Just look at animals. Flock animals often have conflicts which others. But none of them have ”slaves” (at least no how humans understand it)

Post by JimmyBuckets » Thu, Aug 13, 2026, 1:31 PM UTC

andsoitis wrote: post #94

JimmyBuckets wrote: post #43

Earlier quoted context omitted.

Essentially its the idea that the interaction between an incumbent power and rising "challenger" power inevitably leads to war between the two. I was expressing my hope that if this does happen, the war can play out in less destructive arenas - one of which is in the competition for reserve currency status which the US has held for the whole of the modern era. This article possibly points at China's first shots in th…

> Essentially its a very old (~2.5k year) idea that the interaction between an incumbent power and rising "challenger" power inevitably leads to war between the two. It sounds plausible, but if it is this old there must be a long list of examples. What are some of them?

Post by lordgrenville » Thu, Aug 13, 2026, 1:32 PM UTC

LarsDu88 wrote: post #99

JimmyBuckets wrote: post #43

Earlier quoted context omitted.

Essentially its the idea that the interaction between an incumbent power and rising "challenger" power inevitably leads to war between the two. I was expressing my hope that if this does happen, the war can play out in less destructive arenas - one of which is in the competition for reserve currency status which the US has held for the whole of the modern era. This article possibly points at China's first shots in th…

Its not an old idea at all. Its from a 2012 article by Graham Alison followed by a 2017 book on the rise of China specifically that Xi Jinping read and referenced. Its claimed to be an old idea, but its actually only recently become popular

Post by pjc50 » Thu, Aug 13, 2026, 1:33 PM UTC

jillesvangurp wrote: post #57

pizzathyme wrote: post #22

The US wields incredible negotiating power and hegemony because the dollar is the world’s reserve currency. Like the British pound and the Dutch guilder before it, if that loses reserve currency status it will be harder to borrow on favorable terms, which would affect the entire US economy. This is a big step in that perhaps starting to happen over the next few decades.

One consequence of the transition to renewable energy and electrified transport, is that oil imports will start to decline. And the dollar is of course the currency of choice for that. The US economy and other countries that export fossil fuels will feel the impact over the next decade or so. The energy transition might go a lot quicker than people seem to expect. Currently about 20% of global car sales is electric.…