Earlier quoted context omitted.
I didn't say the US has been suppressing them. The international banking cartel along with the US Federal Reserve have, in order to prop up the value of federal reserve notes.
Okay, how did those actors do it then?
Danish pension fund divesting US Treasuries
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Re: Danish pension fund divesting US Treasuries
#832Earlier quoted context omitted.
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Re: Danish pension fund divesting US Treasuries
#833Earlier quoted context omitted.
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Re: Danish pension fund divesting US Treasuries
#834Earlier quoted context omitted.
Just one example: Elon Musk (at that time part of US government) tried to directly influence German elections by prominently featuring AfD (German right-wing extremists).
But why would anyone listen? That's the real question. People can say anything they want but most people are going to ignore crazy.
These people are extremely good at "social" media like Tiktok etc. And the algorithms massively reward rage content and the platforms do not remove fakes.
Re: Danish pension fund divesting US Treasuries
#835Earlier quoted context omitted.
I’m sorry for using figurative language on the internet where Dutch people are around. The full relevant part is below: > Denmark isn’t an “ally.” An alliance is a mutual relationship. Denmark offers the U.S. nothing. It’s a country the size of Maryland… In the construction “it’s not an X, it’s a Y,” X and Y are read in contrast to each other. Denmark isn’t an “ally” in the sense that it can’t offer meaningful aid to…
Ahh, the True Scotsman equivalent of not quite an ally. FFS man, at least own your words and stop weaseling, I have absolutely no problem with figurative language, I was speaking English before you were born.
Not a valuable, meaningful, or significant ally. Your reading of what I wrote erases the scare quotes around "ally" and renders the comparison to the size of Maryland a non-sequiter.
Re: Danish pension fund divesting US Treasuries
#836Earlier quoted context omitted.
> subsidize their local industries that rely on exports to the point that it's a smooth transition to more of a consumer economy. There's an implication here that the country *wants* to become a consumer economy, and not remain an export economy. Furthermore, it relies on the leadership wanting to wind down that production, and not use that subsidy to further bolster their industrial capacity & crush global prices, i…
Why would a country want to remain a manufactured-good export economy, rather than having the stronger position of a consumer economy that lives off the wealth of the rest of the world? Why grind away relentlessly in industries with tiny profit margins, when there are high-margin innovation-driven industries that your economy can advance to? Why stick with producing clothing, when you can move on to cars? Why stick w…
> Why would a country want to remain a manufactured-good export economy, rather than having the stronger position of a consumer economy that lives off the wealth of the rest of the world?
1) A consumer economy is not required to extract wealth from other countries.
2) A consumer economy is metastable by design:
(2a) It inherently requires the buy-in of other nations to want to export to you in the first place, which is not guaranteed.
(2b) The wealth of the consumer economy is primarily derived from salesmanship and not the product itself, which is also metastable.
3) Knowledge work is not barred to an export economy, and can similarly be performed there without having to become a consumer economy.
> Why grind away relentlessly in industries with tiny profit margins, when there are high-margin innovation-driven industries that your economy can advance to?
(Previous point (3) similarly applies here)
> Why stick with producing clothing, when you can move on to cars? Why stick with cars, when you can move on to chips? Why stay with chips, when you can move on to the next new technology that the entire world wants, but which only your economy can produce because it grew the industry from scratch and everybody is playing catch up?
1) None of these decisions are mutually exclusive. Why throw away the $10 you picked up just because you saw $100?
2) Establishment of a new industry is not assured. Failure can still occur, even when billions are thrown. (see Abu Dhabi & GlobalFoundries semiconductor fab venture)
2b) Not very new industrial move needs to be made. Tech leapfrogging can occur at a later date.
3) The demand for those """lower end""" products do not evaporate. Unless a sensible smartphone-like revolution comes for clothing / cars (i.e. The unification of multiple former products under a new product), the industry's products & demand will rarely change. The tastes will shift, but the fundamentals of the product & the industry will remain.
4-IMPORTANT) Margins are not obligated to trend towards zero, and can in fact increase as more people make the same mental conclusions as described and abandon their own industries, eventually leading to an oligopoly / monopoly scenario that is harder to retake back.
> Dictators love autarky because it gives them complete control of the population. Populations should not love autarky, because it makes them poor and robs them of wealth and opportunity.
Wealth does not inherently manifest from (the ether / nothing), and neither does opportunity. Even in the EU, wealth is derived from the decisions of the State to create / retain wealth.
Re: Danish pension fund divesting US Treasuries
#837Earlier quoted context omitted.
> If, for example, China decides that it finally wants a consumer economy This is a fantasy that the CCP leadership will not entertain, because it would mean losing their control as the (export/industrial) king. Their national security descends from having that crown firmly in their hands & making everyone else reliant on their industries, and will do as much as they can to make sure it stays that way. A strong curre…
The CCP aspires to climb the value chain up to where the US is, which means shifting away from manufacturing to the high profit margin tech, biotech, and other science related industries. The manufacturing stage is just a stepping stone to getting to where the US already is. The end goal of the CCP is not to be a middling power, with middling wealth. It's to be the greatest power. That some in the US want to go down…
> The CCP aspires to climb the value chain up to where the US is, which means shifting away from manufacturing to the high profit margin tech, biotech, and other science related industries.
None of that requires a strong currency, only a strong industry.
That's what the CCP has done with their own currency, by deliberately weakening it & funneling the strength into drowning the global market with their industry's products. A strong currency runs counter to that by making their products more expensive as a result.
Had the RMB continued its original trajectory (2003-2015), it would've wound up at approximately 1EUR ~= 5RMB. Instead, the CCP made the decision to weaken the RMB to maintain industrial capability, and further expand into technological ventures without abandoning the other industries they've captured before.
> That some in the US want to go down the value chain and take China's manufacturing spot just as China zooms ahead of the US, is, well... It would be comical if it weren't so sad.
1) China is able to "zoom ahead" because they have a strong industry within their own borders, buffered from the political decisions of other countries.
2) The value of the lower parts of the chain is not obligated to be lower than the upper parts of the chain.
https://www.kenan-flagler.unc.edu/news/its-okay-to-move-down...
Re: Danish pension fund divesting US Treasuries
#838Earlier quoted context omitted.
What laws or presidential orders have the US Left done that shows how extreme they are?
The US Left doesn't represent a broad enough population to win most national elections; certainly not enough to pass national law. They win local elections in places like SF or Seattle that were Harris +52 (e.g. contrast with Maduro's fake election only claiming a 9 point margin) and are over-represented in Dem party donors , which influences Dem representatives. Nevertheless, they express extreme positions. Like "pe…
I asked for policies or laws they have implemented not whether they have expressed extreme views.
Re: Danish pension fund divesting US Treasuries
#839Earlier quoted context omitted.
It's quite silly how people talk about the "left" in the US. There's barely any left present in politics. Much less "far/extreme left" or anything close to that. Nobody is really fighting for UBI, nationalisation of large utility-like corps, redoing healthcare completely, wealth taxes, dismantling the two-party system. And these ate still fairly chill ideas that recently happened in other countries, far from "extreme…
The Democrats made small progress on healthcare. Insurers couldn't deny coverage due to existing conditions Kids could stay on parents until 26 even if they aren't in school There were also subsidies for the lowest income people to help pay for open market plans. This is something right? This is a step in the right direction? If one party wants this and the other wants to dismantle then the first is left and the latt…
It's bare minimum. It's "not-right". You don't normally call someone leftist for just saying "people should have access to healthcare without going bankrupt".
Re: Danish pension fund divesting US Treasuries
#840Earlier quoted context omitted.
Oh, I know. Let’s see how fast he tries to make Putin the good guy on Fox News. What are these rednecks going to do when MAGA goes into bed with Ruzzians! Cold War warriors gonna flip out. Just impeach the guy already. His mental capabilities aren’t far off Biden’s at the end.
> What are these rednecks going to do when MAGA goes into bed with Ruzzians! Cold War warriors gonna flip out. I'm assuming you're from outside the US, because literally everyone in the US is well-acquainted with MAGA wearing shirts like "better Russian than a Democrat"
What a retarded country it has become.