Always appreciate the critical effort posts even if I don't agree all the time. You say that the liberal faction of the CCP has won out and is thus throttling the dollar. Has there been a political shift in policy or change in personal to indicate this change towards redollarization as a strategy? Assuming and you are correct, can it really be ascertained if this is a change in strategic policy or a temporary tactical move anticipating some type of hemorrhage. Thus the shoring up of actual productive assets in Yuan while unloading its liabilities in speculative markets (US dollar debt) onto the global south (which is wrong, but could be leverage in a real moment of cleavage from the dollar)...? Perhaps a bit multi dimensional chess but China seems to be taking a very measured approach to dedollarization and I certainly wouldn't see them temporarily slowing that down as being out of their ballywick, if that's what they deem necessary in their estimation to achieve their ultimate goal. Of course none of us really know what that is
The US had to have it's own opium war. They really use the same schemes over and over. Especially with drugs. From the British opium war to the French connection and the mafia running the NY docks to the contras and Columbian cartels and US gangs in the 80s and 90s to Afghanistan and US pharmaceutical companies
Idk dummy here but seems like they're trying long term towards decoupling commodities from the US $ to Yuan. While also, buying, repacking and selling US bonds to finance belt and road initiatives makes that initial investment in the infrastructure project dependent on US dollars, all subsequent transactions will not be in dollars.
Seems pretty measured scaling back imo.
The belt and road initiative is the last gasp of the post cold war globalization and ironically is being led by China (from a westiod perspective). It seems like they are minimizing risks by leaving the financial investments in dollars while the physical commodities transition more and more to Yuans
So, now that the election is over. I would expect Russia to really press their advantage in UKR. That or just sit back and keep watching UKR step on rakes.
Good point. Also, between the antigenocide movement on the left and the anti-Ukraine war, mostly from the right the center still insisting that we give billions of taxpayers dollars while their constituents treats are being squeezed through inflation and austerity is probably missing the equivalent of a political layup.
Yeah, I mean, everyone here knows all this and I do agree. However, somewhere along the line our universal project has become alienating to men and a universal project shouldn't be alienating to half of the human race. It's a real problem that deserves to be thought about. What is it about left and liberal culture that is so unappealing? I think we need to articulate a left wing, emancipatory vision for masculinity and it's role in radical culture. I mean it's that or just say we don't care about them, that has no place in the left??
Always appreciate the critical effort posts even if I don't agree all the time. You say that the liberal faction of the CCP has won out and is thus throttling the dollar. Has there been a political shift in policy or change in personal to indicate this change towards redollarization as a strategy? Assuming and you are correct, can it really be ascertained if this is a change in strategic policy or a temporary tactical move anticipating some type of hemorrhage. Thus the shoring up of actual productive assets in Yuan while unloading its liabilities in speculative markets (US dollar debt) onto the global south (which is wrong, but could be leverage in a real moment of cleavage from the dollar)...? Perhaps a bit multi dimensional chess but China seems to be taking a very measured approach to dedollarization and I certainly wouldn't see them temporarily slowing that down as being out of their ballywick, if that's what they deem necessary in their estimation to achieve their ultimate goal. Of course none of us really know what that is