541–550 of 913 posts
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I know it's pretty common shorthand to describe American post-war interventions as "Imperialism". But Imperialism before Bretton-Woods was a very specific and intentional international policy - literally conquering and/or colonizing land to secure resources. Which is a bit different than America's "spheres of influence" thing today. The two are very linked - the tacit agreement of the postwar order was for America to…
Venezuela would like a word
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German here: I'd go to war (and likely will, with how it's looking currently) for any country that shares our values and is an ally or friend, that's being attacked by an evil force such as russia. And that of course includes my french brothers to the west.
... such as usa?
That said, yes, I would defend Europe against the US, even though I think that fight would be short, deadly and decisive if it really came down to it.
What a fucked up world we live in, just because idiots voted for a convicted felon.
China is intentionally undermining the dollar in order to try to make the Yuan the world currency[1,2,3]. My current hypothesis is that the growth in the _price_ of the US Stock market (eg S&P 500) is actually devaluation of the dollar. Compared to real money (Gold) the S&P500 is down over the past 10 years. [4] 1 - https://www.reddit.com/r/economy/comments/1o2s6qp/yuan_has_s... 2 - https://www.economist.com/china/20…
> My current hypothesis is that the growth in the _price_ of the US Stock market (eg S&P 500) is actually devaluation of the dollar. You mean devaluation is causing the growth of SP500, or the other way around?
It's kinda like saying during "My bread appreciated!" during hyper inflation.
IMO we're in one of the cases where "Number go up" is actually bad.
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Many of us see it, but many others seem to be embracing it and trying to hasten it for reasons unknown. They pine for the glory days of post-WWII US hegemony but are actively undoing the institutions that were instrumental in US economic and political power at that time. They have no coherent world view, they are severely confused, but unfortunately numerous.
I feel like many are going to upvote this because they think it is an indictment on the current administration but it isn't exactly.
Is it not? Quoting myself:
>> are actively undoing the institutions that were instrumental in US economic and political power at that time.
Who is undoing those institutions? That'd be the current administration.
Honest question: isn't it just a matter of time before US dollar loses its dominance, given that US has been losing its manufacturing business? I mean, can people really keep investing in the US market if they need less and less stuff produced by the US?
A weak dollar is good for manufacturing and a strong dollar is bad for it. China tightly controls to the Yuan to purposely keep it's value low to benefit it's manufacturing. The current US administration wants to something similar for the US to boost manufacturing. I think that's foolish and backwards thinking. The US doesn't really need more manufacturing; it had relatively low unemployment, a healthy economy, etc.…
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It’s not just that This is a gradual decline. From 70% in the 90s to 60% today. Today there are more options like the Euro that didn’t exist in the 90s. People can argue over EU economic stability, but it’s there as reasonable option.
As time goes on, fewer people are alive that predate the EU and more people will perceive it as a lasting institution. Additionally, we've now seen the EU survive the departure of a major economic power (the UK). More people are certainly willing to believe in the stability of the EU now. Another major currency is the Yuan, and some countries may be as willing to trade in Yuan to improve relations with China, so perh…
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> Not true. Some, like myself, love the idea of the shining city on the hill, although we often find the behavior of the actual city less than shining. Your first sentence says "not true". Your second sentence says "true". Your dislike of the current US regime/behavior causes you to forcast the decline of US influence. I'm not saying you should like current US behavior, just that there isn't good evidence for any dec…
Yep, and nobody ever goes on these types of threads and says the EU is collapsing, even though there's demonstrable evidence that things are not going great for the EU (the UK left, there is virtually zero economic dynamism or tech investment, Russia has seized 1/3 of Ukraine who was trying to join the EU, and the continent has no money, no navies and terrible demographics to compete globally in the next century). Pe…
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It’s not just that This is a gradual decline. From 70% in the 90s to 60% today. Today there are more options like the Euro that didn’t exist in the 90s. People can argue over EU economic stability, but it’s there as reasonable option.
As time goes on, fewer people are alive that predate the EU and more people will perceive it as a lasting institution. Additionally, we've now seen the EU survive the departure of a major economic power (the UK). More people are certainly willing to believe in the stability of the EU now. Another major currency is the Yuan, and some countries may be as willing to trade in Yuan to improve relations with China, so perh…
Is it? CNY seems to be about the same as CHF:
* https://en.wikipedia.org/wiki/Template:Most_traded_currencie...
In a similar range as AUD and CAD.
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Why is manufacturing so special? As opposed to something like software? Also, manufacturing in the US is growing not shrinking. For a long time.
Software can leave your country in a fraction of a second. Manufacturing is infrastructure. This is also basic. Manufacturing in the US is shrinking, comparatively with other countries that actually make things. People just think they can just play with numbers, categories and dollar values to hide it. The US has been playing a currency game since 1980 to make up for the loss of the free money it got for reconstructi…