881–890 of 913 posts
Earlier quoted context omitted.
Bitcoin doesn't really solve the trust issue, because it covers half the transaction. If I send you a bunch of bitcoin in exchange for oil, how do I ensure the oil shows up? There are fixes to that problem, of course, but it's not bitcoin itself that's the solution.
50% of a transaction verified is a whole lot better than 0%
Earlier quoted context omitted.
All IMF participating states have allocations of SDRs. By your definition, the IMF is "pegged" to the currency of Afghanistan.
I'm afraid you may have misunderstood. The SDR is a time-varying basket of USD, EUR, RMB, GBP, and JPY. At time of writing Afghanis are not part of SDR, even though Afghanistan owns some SDR.
Presumably the IMF is not bound by the typical RMB capital controls that limit its utility for commercial entities and individuals.
Earlier quoted context omitted.
Thats a feature not a bug. The Chinese government spend a lot of money keeping the value of the RMB low.
This is actually an interesting point. Wouldn't it be bad for China if the US isn't the reserve currency/the RMB gains a lot more in value relative to the USD? It would proportionally, negatively, affect their export profits, no?
plus it would make Chinese debt more expensive as well.
Earlier quoted context omitted.
I'm struggling to understand what you are trying to say? That biden wanted to grow the USA to 600 million people? That trump is also trying to do that?
It seems you are clearly understanding? You are likely just confused because you do not understand that the overarching objectives of the "uni-party" or "deep state" system hold fast, it's just that each political sporty ball team has to play things different and tell different lies in different ways to different cohorts in order to keep the system operating. So, e.g., Biden says we need 300M more immigrants and his…
Earlier quoted context omitted.
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…
The Yuan is not a freely convertible currency, so not really an option here. The Euro isn't terrible, but it has structural issues in that member states all must take out debt in what is for monetary policy purposes a foreign currency. This generated a debt crisis 10 years ago, which has been papered over, but the structural issues remain unresolved. Also, the Euro has been around now for 25 years. That's not long en…
Earlier quoted context omitted.
Don't come to me if you weren't aware that populism is a left/right spectrum.
if you wanna cheer for fascism, you should do so openly. no one is fooled anymore, and no one will think any higher of you for being in denial about it
3rd sentence. I guess take it up with the "fascists" who wrote the article? lol
Earlier quoted context omitted.
My outsider's POV: the fact that there's a Gestapo-analogue in place already tells me that an electoral solution alone is almost certainly no longer sufficient (or at least, unlikely to be effective) at this point. The Democrats have also had very weak messaging ahead of the midterms. Like, pathetically weak in the current context. This is to say nothing of the hypothetical where the US makes moves against allies' te…
> the fact that there's a Gestapo-analogue in place already tells me that an electoral solution alone is almost certainly no longer sufficient (or at least, unlikely to be effective) at this point Read up on the American Whig Party and President Andrew Jackson. Or, more recently, Poland. This is absolutely still in a reversible field. > Democrats have also had very weak messaging ahead of the midterms Utterly leaderl…
I'll read up on the Whig party, though if you have ledes that'd be good to start with, I'd love some links.
Earlier quoted context omitted.
The British didn't really make unforced errors like Germany did, though. They mostly were forced into a fire sale situation as they were fighting for their lives. Even with everything they sold off, they were still within an inch of surrendering. The French story is similar. They may have been in a slow decline, but the war threw them off a cliff. It's hard to look at what the US is doing and not become extremely ang…
(As a US citizen self-identified moderate) I think I understand some of the intentions of de-dollarization. Being the reserve currency is an exorbitant privilege of forcing the world to allow the US to essentially print money that the world ends up using. It is not a privilege that "the average American" gets to enjoy for many, many reasons. It might be telling that no other nation is trying to fill that role of rese…
My money is on the last possibility. Honestly that might be the best outcome, even if it's the riskiest. A nuclear-armed Ukraine never would've been invaded. A nuclear-armed Taiwan will never be invaded. A nuclear-armed Canada will never be invaded. At this point, honestly I'd heartily endorse giving Denmark a nuclear triad of their own.
Earlier quoted context omitted.
The lowest common denominator, racial ("shared blood", "tribal", and also "culture" in this context) perspective is exceeded time and again, and the ones that do exceed it are the most free, most prosperous, and most powerful - NATO being a clear example, but also all the Pacific alliances around China. The poorest and least safe are the ones that follow your advice, places like Somalia. Or look at the US and NATO te…
>the ones that do exceed it are the most free, most prosperous, and most powerful - NATO being a clear example You're beating it around the bush. Tell me how many Spaniard would voluntarily sign up to die to defend Bulgaria if shit were to hit the fan. THat's how you measure if strength of alliances stand the test of time, or if they're just worthless pieces of paper from a bygone era of peace and prosperity wrapped…
A lot and the evidence is overwhelming. Look at wars all over the world. Russians even sign up to defend Syria, for example. Americans sign up for wars all over the world, which have always been fought with allies - WWI, WWII, Korea, Vietnam, Iraq, Iraq again, Afghanistan. Georgia helped the US in Iraq, along with many others. NATO fought alongside the US in Afghanistan.
> What were you trying to prove with this?
It's evidence of my claim; see the GP.
What's amazing is, despite being handed these wonderful things that made peace and prosperity, and being born and raised in them, people are programmed to say it can't work. Those people are the problem. Instead of opposing them or quitting, get to work - it almost couldn't be easier; someone else has already solved the problem. Compare the people who had to develop the Enlightenment, human rights, the post-WWII international order.
> bygone era of peace and prosperity
The era is what you make it - you are responsible for it. What are you making it, including with these words? Why aren't you solving the problems? The people who built the post-WWII international order, based on human rights, had just been through WWI and were fighting WWII - hardly an era of peace and prosperity - and look what they did.
Earlier quoted context omitted.
if you wanna cheer for fascism, you should do so openly. no one is fooled anymore, and no one will think any higher of you for being in denial about it
https://en.wikipedia.org/wiki/Trumpism 3rd sentence. I guess take it up with the "fascists" who wrote the article? lol