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Chinese banks cause alarm as capital flight measures intensify

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Re: Chinese banks cause alarm as capital flight measures intensify

#241
post #229

Earlier quoted context omitted.

And that in turn might cause them to start a war... Because when the regime has nothing to lose all bets are off, even though it makes no sense whatsoever. They will have to distract from their culpability somehow.

I really wish we wouldn't speculate about China starting a war. It's completely baseless and comes across as some sort of china-man-bad xenophobia.

Have you read about this "danger zone" argument? What do you think of it?

https://noahpinion.substack.com/p/book-review-danger-zone

Re: Chinese banks cause alarm as capital flight measures intensify

#242
post #229

Earlier quoted context omitted.

And that in turn might cause them to start a war... Because when the regime has nothing to lose all bets are off, even though it makes no sense whatsoever. They will have to distract from their culpability somehow.

I really wish we wouldn't speculate about China starting a war. It's completely baseless and comes across as some sort of china-man-bad xenophobia.

The person you're replying to said this might cause China to start a war. He did not say it was a sure thing, he simply said this is how things often are.

In no way was the comment china-man-bad xenophobia.

Re: Chinese banks cause alarm as capital flight measures intensify

#243
post #229

Earlier quoted context omitted.

And that in turn might cause them to start a war... Because when the regime has nothing to lose all bets are off, even though it makes no sense whatsoever. They will have to distract from their culpability somehow.

I really wish we wouldn't speculate about China starting a war. It's completely baseless and comes across as some sort of china-man-bad xenophobia.

Baseless? China's policy is reunification.

Why xenophobic? America man invaded Iraq on a whim, and Russia man invaded Ukraine after having a policy of reunification

Countries are exerting might-is-right

Re: Chinese banks cause alarm as capital flight measures intensify

#244
post #132

Earlier quoted context omitted.

The point that roenxi made is that color revolutions in Russia and Kazakhstan would encircle China from the West and North in addition to the existing U.S. allies Japan and South Korea from the Southwest. It isn't a moral statement, just one realistic scenario that China is afraid of.

You’ve pretty much eliminated all agency that exists in those countries and their people. This is the only way to support Russia and China today. By using a “Great Power” theory which pretends smaller countries have no agency and their people have no value, other than how they affect the interactions of those larger countries. The U.S. is also surrounded by a bunch of countries. Somehow those countries aren’t clamori…

There's no power close to the US that could counterbalance it.

If there was an equivalent south American power, you might see Mexico and central American countries looking to escape American influence, but no such power exists

Re: Chinese banks cause alarm as capital flight measures intensify

#245
post #62

Earlier quoted context omitted.

> A few weeks ago I was pretty sure that Beijing would not be that stupid... The US is executing the same broad strategy against both China and Russia - surrounding them with US-friendly states who then get military support. It seems to be working extremely well against Russia since they can barely get Russian troops into the Donbass safely. While I, personally, agree that it would be stupid I can certainly see that…

Were the countries around China coerced to be friendly with America somehow? I’m pretty sure the CIA do a lot of evil shit to maintain American power around the world but I’m really not sure they are this omnipotent. I think these countries are simply more scared of China than they are the US, until that changes China will be surrounded by US friendly countries.

Yes. Japan lost WW2, and was forced into said agreement, and then the US went to war in Korea.

That doesn't mean that dealing with the US isn't better than dealing with China, of course, but the US military bases are there to ensure that the empire stays intact, both from external attacks and internal division

Re: Chinese banks cause alarm as capital flight measures intensify

#246
post #62

Earlier quoted context omitted.

> A few weeks ago I was pretty sure that Beijing would not be that stupid... The US is executing the same broad strategy against both China and Russia - surrounding them with US-friendly states who then get military support. It seems to be working extremely well against Russia since they can barely get Russian troops into the Donbass safely. While I, personally, agree that it would be stupid I can certainly see that…

The obvious question should be is why states around Russia and China choose to be U.S. friendly, whereas states around the US also choose to be US friendly. For example, why does Canada KK pose restrictions on China despite them investing a ton of money in Canada, and the Philippines, barring a short neutrality under the ridiculous Dutarte also chooses to impose restrictions on China, and be closer to the U.S., despi…

Well first, match context, there's neighbouring countries and regional countries. Countries neighbouring PRC, i.e. land connected are just as friendly towards PRC, and by friendly I mean relatively geopolitically aligned because PRC settled borders with 12/14 of them (India/Bhutan hold out) and they know they're too close to PRC to step out of line. This is similar to US, except US who only has 2 land neighbours, CA/MX, both of whom she knocked the shit out historically into compliance. The you have regional countries, expecially once limited to maritime access, they hedge, just like South America is now hedging PRC against previously almost uncontested US influence.

The broader answer is because PRC hasn't (had chance to) done what the US did, kick the shit out of their neighbours or exploit shit kicked countries near their adversaries and coerced geopolitical compliance that over generations becomes ingrained on a cultural level. PH/JP/SKR/TW are structurally coupled to US post WW2, and all had very strong anti-US sentiment across society and politics earlier on in their existence, but lacked power to kick US out and generations of US influence and increased dependence in more than just economics now makes them bias compliance towards US interests.

Canada good example, used by British to wage existential war on US, and US seriously considered annexing Canada until British was comprehensively defeated and Canada stopped becoming geopolitical threat. Even then Canadian domestic politics was antiUS project until well into the 70s, meanwhile anytime Canadian leadership tried to depart from US strategic interests, it gets reigned in. Ditto with Mexico, and rest of Americas via Monroe Doctrine.

The TLDR is US empire wasn't built on friendship, it was built on opportunistically ruining / exploiting ruined countries and turning them into vassels structurally to be friendly, until over generations, people start drinking the koolaid and the cause becomes reversed. Alternatively, like in South America, beatings will continue until geopolitical compliance improves. Money and influence ops is rarely enough to dislodge such alignment. Which raises the unpleasant implication that countries around PRC won't be friendly until PRC successfully asserts regional hegemony and it can't convincingly do that without basically kicking US out of east Asia forcefully. Sometimes the only way to win over geopolitical "friendships" is by kicking the old friend out and demonstrating implications of trying to remain unfriendly.

Re: Chinese banks cause alarm as capital flight measures intensify

#247

Earlier quoted context omitted.

If they were really scared of more NATO invading Ukraine is the fastest way to get a larger border with NATO (win or lose).

"Russia only feel their borders are safe when there are Russian soldiers on both sides of them" is a saying I read recently.

They have the worlds largest stockpile of nuclear weapons… nobody has adequately been able to explain how NATO or someone else would invade such a country.

Re: Chinese banks cause alarm as capital flight measures intensify

#248
post #62

Earlier quoted context omitted.

That possibility makes me really nervous. A few weeks ago I was pretty sure that Beijing would not be that stupid, and simply stick with sending tons of dual-use goods, to keep up the plausible deniability. But Chinese rockets hitting Ukrainian kids in Kyiv/Europe? That would trigger dramatic sanctions. I don't think that is priced into the current world stock market.

> A few weeks ago I was pretty sure that Beijing would not be that stupid... The US is executing the same broad strategy against both China and Russia - surrounding them with US-friendly states who then get military support. It seems to be working extremely well against Russia since they can barely get Russian troops into the Donbass safely. While I, personally, agree that it would be stupid I can certainly see that…

It's very baffling why, after Russia conducted multiple invasions of bordering countries, the states elsewhere became "US-friendly". Russia is the victim. Yes? Thirteen time zones of territory, and their prime time TV is filled with sadistic dreams of marching into Europe, and we know what happens when the Russian army comes. It's just.... a mystery.

Re: Chinese banks cause alarm as capital flight measures intensify

#249

Earlier quoted context omitted.

It’s definitely the end of the US dollar as the global reserve currency, but you’re acting as if we had a choice when idiot dictators are committing shortsighted mayhem. Decoupling will be painful, but not as painful to the US as it will be to China.

It'll be painful for the entire world including US citizens which elect future presidents.

I think my impression of Xi as some kind of Machiavellian genius was shattered in his confrontation with Justin Trudeau. The idea that China or Xi are ready to try going it alone is fanciful. Western governments and rightwing media are perfectly capable of creating an anti-China narrative strong enough for nobody to be electable on a pro trade with China situation.

Re: Chinese banks cause alarm as capital flight measures intensify

#250

Earlier quoted context omitted.

It's not stupid. It's bold and almost risk-free. The US aren't the only people allowed to do proxy wars.

> It's not stupid. It's bold and almost risk-free. It's stupid and risky for either the US or China to escalate a war that threatens to become a global conflict between nuclear powers. I wish saner heads urging restraint would prevail.

So, China and Russia can just point on a map and say "I want that, and I have nukes, so, you know, WWIII".

If we are going to play this game, let's have it all out now, because that's no way to live. We all agreed a long time ago that this is not what nukes are for, and if someone wants to lay new rules, they should be ready for what's coming.

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