Pax Americana vs Pax Sinica vs Multipolar World

[Tim Sielbeck]

27 minutes ago, CarnelianClout said:

@R011

I don't consider Russia as an enemy. It's only like that because of American Interventionism in the region that caused them to go on the defensive offensive and protect their borders against foreign encroachment. If the US can do the Monroe Doctrine, what is so bad about other countries doing the same for their own borders? I would much rather the US abandon any and all support for Ukraine in favor of restoring relations with Russia completely, dropping all sanctions and economic restrictions. Would definitely improve the economic situation of the world and the life of the common man in the United States. Inflation isn't worth Ukraine. 

FIFY

[JWB]

49 minutes ago, CarnelianClout said:

Inflation isn't worth Ukraine.

US inflation has almost nothing to do with Ukraine.

[CarnelianClout]

4 minutes ago, JWB said:

US inflation has almost nothing to do with Ukraine.

Should stop sending billions of dollars to Ukraine and cease all sanctions on Russia. Would improve our economy greatly. 

[JWB]

2 minutes ago, CarnelianClout said:

Would improve our economy greatly. 

Hardly at all. Biggest problem with the US economy being the millions of people who refuse to get jobs.

[CarnelianClout]

2 minutes ago, JWB said:

Hardly at all. Biggest problem with the US economy being the millions of people who refuse to get jobs.

Which is not helped by the fact we have reckless spending. 

[R011]

55 minutes ago, CarnelianClout said:

@R011

I don't consider Russia as an enemy. It's only like that because of American Interventionism in the region that caused them to go on the defensive and protect their borders against foreign encroachment. If the US can do the Monroe Doctrine, what is so bad about other countries doing the same for their own borders? I would much rather the US abandon any and all support for Ukraine in favor of restoring relations with Russia completely, dropping all sanctions and economic restrictions. Would definitely improve the economic situation of the world and the life of the common man in the United States. Inflation isn't worth Ukraine. 

You might not think them America's enemy but they think the US is theirs.  Defensive?  They invaded Ukraine, not the other way round.  There was no threat to Russia.  On the other hand, it's Russia that threatens it's neighbours and European security.

And how would it i prove the life of the common American?  Ads I've already noted, the costs are trivial.  Even fuel prices are far more affected by decisions in Riyadh than Washington and Moscow.

[R011]

9 minutes ago, CarnelianClout said:

Should stop sending billions of dollars to Ukraine and cease all sanctions on Russia. Would improve our economy greatly. 

How?  Do you know how much is actually being spent on Ukraine compared to the US GDP, government spending, or the defense budget?  What has Russia to offer in return that can't be bought as cheap or cheaper elsewhere?

[Strannik]

No need for gas 😉  German energy intensive industries production is down 20% YOY. 

 

 

[Murph]

We are going to get into a war with China, and we will lose.  Thanks to the woketards, communists, and libtards who have destroyed our military and sent all of our ammo and weapons to the Kleptocracy of the Ukraine.  

[Strannik]

The plans for the BRICS gold backed currency - will see how this pans out

 

Edited July 8, 2023 by Strannik

[Strannik]

3 minutes ago, Murph said:

We are going to get into a war with China, and we will lose.  Thanks to the woketards, communists, and libtards who have destroyed our military and sent all of our ammo and weapons to the Kleptocracy of the Ukraine.  

That's a simplistic take.

[Murph]

Maybe but it fits Occam's razor.

[Strannik]

6 minutes ago, Murph said:

Maybe but it fits Occam's razor.

I am talking about your take on policies,  implementations and actors, not the outcome.

[Strannik]

22 minutes ago, Strannik said:

The plans for the BRICS gold backed currency - will see how this pans out

 

My guess it won't be a single common currency for BRICS nations like euro, but a new index/exchange currency used by local currencies for trade conversions.

Local currencies will continue and will be able to  become more dominant in mutual trade without the need for dollar/euro.

[Strannik]

13 minutes ago, Strannik said:

My guess it won't be a single common currency for BRICS nations like euro, but a new index/exchange currency used by local currencies for trade conversions.

Local currencies will continue and will be able to  become more dominant in mutual trade without the need for dollar/euro.

Possibly an example of a situation that this new fin. instrument may fix:

 

 

[Josh]

3 hours ago, Strannik said:

My guess it won't be a single common currency for BRICS nations like euro, but a new index/exchange currency used by local currencies for trade conversions.

Wouldn not that kill the whole point of standardization of a single currency and backing it with gold? IMO, if it isn’t a single currency pegged to a gold standard and freely traded, including as a physical currency, the effort is guaranteed to fail.

3 hours ago, Strannik said:

Local currencies will continue and will be able to  become more dominant in mutual trade without the need for dollar/euro.

We are seeing some of this on a case by case basis but by itself those trades don’t amount to enough to have any noticeable effect. A new currency backed by a gold standard I could see possibly working, though it’s hard to see how China and India would agree on the fiscal details of such a deal. Even then, I suspect it doesn’t see more use than the Euro.

Edited July 8, 2023 by Josh

[Strannik]

36 minutes ago, Josh said:

Wouldn not that kill the whole point of standardization of a single currency and backing it with gold? IMO, if it isn’t a single currency pegged to a gold standard and freely traded, including as a physical currency, the effort is guaranteed to fail.

Holding billions of yuans/rupees/rubles opens one to a significant currency exchange risks + these currencies not fully convertible.  Holding R5 (let's just call it this for now) pegged to gold and converting to local currency at any point when you need to buy locally doesn't.   No need to use $, no sanction danger - should work within the club.

Yes, it's not the same as a common currency, but as a first step it's substantial - see my previous post with issues currently arising between RU/IN due to a trade imbalance.

 

Edited July 8, 2023 by Strannik

[Josh]

2 hours ago, Strannik said:

Holding billions of yuans/rupees/rubles opens one to a significant currency exchange risks + these currencies not fully convertible.  Holding R5 (let's just call it this for now) pegged to gold and converting to local currency at any point when you need to buy locally doesn't.   No need to use $, no sanction danger - should work within the club.

Yes, it's not the same as a common currency, but as a first step it's substantial - see my previous post with issues currently arising between RU/IN due to a trade imbalance.

 

Oh I don’t think a common currency is remotely possible. But I think if all the BRICS members could agree on a value that was independent of their own currencies (gold seems a perfectly practical commodity to pick…though that means there is still fluctuations that are outside any country or block’s control), then they would have to adopt that currency side by side with their national currency (including in physical form…another hang up) for it to be taken seriously. If the currency doesn’t exist as a real entity internally in BRICS countries as well as internationally, I don’t think anyone outside BRICS will view it as a useful replacement.

The devil in the details would be when and how BRICS members transferred existing local currencies to the new one…clearly some windows of change would favor specific currencies. Also since gold is globally traded, third parties could attempt to manipulate the value before a swap. Also it seems to me member states would have to make a massive swap of local to R5 for anyone to take it seriously.

The basic concept seems workable; the details seem almost insurmountable. But I never would have expected the Euro to ever actually take effect either, so we’ll see.

[Strannik]

A good thread from a former central banker on gold:

* world has a safer way to transact than USD and can't be bullied, bribed, or blackmailed to use USD or buy US Treasuries (as it was in 1974 with petrodollar)

* The GCC and the Global South will be able to trade with Russia, China, and the Global East without incurring the risk of US sanctions, economic coercion, or fiscal stripmining of domestic budgets for international creditors. GCC becomes a Pole in the Multipolar world.

 

 

[Strannik]

The alternative reserve asset to USD/USTs is the traditional hegemonic asset to 1974 - gold. This time central banks are opting for self-custody because Fed and Bank of England have expropriated once too often.

Edited July 12, 2023 by Strannik

[Strannik]

Gold convertability

 

 

[Strannik]

India and UAE moving to trade in local currencies, away from dollar:

https://www.ibtimes.com/india-uae-sign-pact-trade-local-currencies-reducing-dependence-dollar-3705440

[X-Files]

 

[Rick]

On 7/8/2023 at 7:05 PM, Josh said:

Oh I don’t think a common currency is remotely possible. But I think if all the BRICS members could agree on a value that was independent of their own currencies (gold seems a perfectly practical commodity to pick…though that means there is still fluctuations that are outside any country or block’s control), then they would have to adopt that currency side by side with their national currency (including in physical form…another hang up) for it to be taken seriously. If the currency doesn’t exist as a real entity internally in BRICS countries as well as internationally, I don’t think anyone outside BRICS will view it as a useful replacement.

The devil in the details would be when and how BRICS members transferred existing local currencies to the new one…clearly some windows of change would favor specific currencies. Also since gold is globally traded, third parties could attempt to manipulate the value before a swap. Also it seems to me member states would have to make a massive swap of local to R5 for anyone to take it seriously.

The basic concept seems workable; the details seem almost insurmountable. But I never would have expected the Euro to ever actually take effect either, so we’ll see.

In the future, a common "currency" will occur and will be required. Revelation 13:16-17.

[seahawk]

On 7/17/2023 at 7:27 PM, Strannik said:

India and UAE moving to trade in local currencies, away from dollar:

https://www.ibtimes.com/india-uae-sign-pact-trade-local-currencies-reducing-dependence-dollar-3705440

Is it not amazing that the war in the Ukraine, a country which has not strategic relevance to the USA, will be the event that broke US global domination.