USA China Cold War

[Jimih]

Cunning Chinese are acting oversmart as always

 

[Suryavanshi]

Mate I used to believe just getting higher GDP numbers would make us independent and ideally it should but why is it not true?
How do US financial system exert control?
We have our one banks like HDFC and ICICI which are churning out loans and selling in valuation.
Fast forward 20 years later they should be big enough to support our loan requirements.
We have our own payment system like UPI and Rupay which can act as an alternative to western transactions network.


The only thing lacking seems to be venture capital firms and equivalent of PWC and Ernst Youngs.

 

[Trial By Fire]

Mate I used to believe just getting higher GDP numbers would make us independent and ideally it should but why is it not true?
How do US financial system exert control?

GDP is not really a valid or relevant metric tho. Having a SOVEREIGN ECONOMY with export value mostly created by domestic companies is important. If a big chunk of Indian GDP does not stay in India but is pulled out by the investors which own the companies generating that GDP, then it's meaningless.

Just look at discrepancy between median wage and GDP in India, it's horrendous.

How does the US financial system exert control? Well, that is a very broad question that requires a detailed answer, but I'll keep it as short as possible to not make it seem to some people as if some AI Bot is writing this.

Basically, it's the USD's status as the world's reserve currency. It took two world wars and the Great Depression to dethrone the sterling with the USD. The fact that countries are succeeding in reducing their attack surface to US sanctions by engaging in more bilateral trade does reduce the perception of US power (keep in mind sanctions never worked as well as the PR would have you believe).

The fact is that trade-related foreign exchange flows are a tiny fraction of investment-related foreign exchange trading. The level ebbs and flows, but a Bank of International Settlements study put it at 60x the level of trade flows.

Moreover, unless the two countries engage in close to balanced trade (not likely) one country will wind up accumulating the currency of anther country.

Like what just happened with Russia and us, where Russia now has accumulated billions of Indian rupees in Indian banks which it can't use.

Why is winding up with rupees different than winding up with the dollar? The US has the most liquid and deep capital markets, so countries that wind up holding them can park them in financial assets. As the Asian crisis showed, central banks lacking foreign exchange reserves were unable to defend themselves from currency crises, which put them at the mercy of the IMF.

After that episode, the Asian Tigers managed their affairs so as to influence currency pricing so that among other things, they’d run trade surpluses and accumulate foreign currencies, mainly the dollar.

By contrast, India does not have a lot in the way of investible assets, so it’s not as if Russia could readily sell much of its holdings to investors. The only other sort of part that would want rupees would be a country that was running a trade deficit with India. But are there remotely enough takers of that sort?

Having a more finanicialized economy is an advantage in the “desirable financial asset” category, even though, as we have seen, financialization beyond a certain model's level is sub-optimal for growth (this per the IMF).

The latest trial balloon out of China is to use the SDR. But the SDR has been around for a long time and not gotten much of anywhere. You need a serious central bank behind it for banks to be willing to handle trade and investment payments. And who is in charge of that central bank?

Keep in mind incumbency also produces network effects in the form of all that payment system infrastructure. For instance, banks are very much concerned about fraud. Visa and Mastercard by virtue of the enormous volumes they run, have excellent fraud detection and protection. A newer network runs the real risk of incurring much greater fraud loss.

Does the bank eat them? Or the network? If the network, it will likely wind up having to impose higher interexchange fees to recover higher fraud losses. That means lower net proceeds to merchants, meaning merchant will avoid using them to the extent possible.

The US will inevitably lose its dominant position due to the continued fall in the relative importance of the US economy. But a lot of people cheering its demise are way too optimistic as to how quickly that will take place.

 

[ezsasa]

Cunning Chinese are acting oversmart as always

Xinhua forgot to mention that Ming period pottery also comes with anti-crustasean coating.

 

[shade]

@Suryavanshi By the way, here's something you should know. The Great Satan is the biggest fraud in this history of civilizations and therefore do not trust them about anything they say, including about this supposed "massive gold reserves" they are meant to have.

They won't allow an audit and they won't publish bar numbers. Maybe they could return to a gold standard albeit through a digital currency most likely, but even that won't save them, since their gold reserves are obviously empty, because every time there's a bill floated through Washington demanding they do an audit on their nation's gold supply it gets shot down.

The Great Satan is easily the most perverse form of oligarchy known to man, it uses all the bread and circuses, all the tyranny of bad morals, all the psychological trades picked up from the 20th century and is and has been using the tools it granted itself after the world trade center was demolished.

1) The Federal Reserve Act of 1913 says it will back each Federal Reserve Note in circulation with forty cents of gold.

They don't do this.

2) The Federal Reserve Act of 1913 says that bankers are to be held personally responsible if they fail.

They are not.

3) The Federal Reserve Act of 1913 says if a Fed bank is insolvent, it is to become the property of the US.
It doesn’t.

4) The Federal Reserve Act of 1913 says that insolvent Fed banks shall forfeit their shares in their Regional Fed.

They don’t.

5) The Federal Reserve Act of 1913 says that it will use its profits to supplement the gold reserve and pay down any US debt.
It definitely doesn’t do this. lol

6) The Federal Reserve has 3 mandates —people now only talk about the dual mandates, which are stable prices and low unemployment—the third mandate is to keep long term interest rates constant.

They don't do this.

7) The Federal Reserve Act of 1913 says that the Fed will maintain parity of all forms of legal money issued by the US and strengthen the gold reserve.

They don’t do this.

8) The Federal Reserve Act of 1913 says the Fed Board will audit Fed banks at will.

They don’t do this.

9) The Federal Reserve Act of 1913 says its by-laws are not to violate US law.

They do.

10) The Federal Reserve Act of 1913 says that Fed banks cannot discount stocks or commercial paper.

They do.

11) The Federal Reserve Act of 1913 says each Fed bank will maintain a surplus fund from its profits, up to 40% of its paid-in capital stock.

They don’t do this.

12) The Federal Reserve Act of 1913 says the Fed Board will supervise Fed banks.

They don’t.

13) The Federal Reserve Act of 1913 says Fed banks will publish complete details weekly of their assets and liabilities, as well as the nature of their transactions.

They don’t do this.

14) The Federal Reserve Act of 1913 says the Fed is required to write off worthless assets on its books.

It doesn’t do this.

15) The Federal Reserve Act of 1913 says it is to have reserves in gold equal to 35% of its deposits.

It doesn’t do this.

16) The Federal Reserve Act of 1913 says it will maintain a gold account at the Treasury.

It doesn’t do this.

17) The Federal Reserve Act of 1913 says the Fed’s franchise will be forfeited if they violate law.

It is not.

18) The Federal Reserve Act of 1913 says that Federal Reserve Notes will be redeemed for gold.

They’re not.

19) The Federal Reserve Act of 1913 says Fed bank owners will be held responsible for all regional Fed bank operating expenses, debts and contracts.

They aren’t.

20) The Federal Reserve Act of 1913 says Fed member banks will not repurchase US treasuries that have maturities greater than six months.

They do.

21) The Federal Reserve Act of 1913 says US Treasury yields are to be paid in tax-free gold.

They aren’t.

Gold is mentioned 53 times and on 11/25 pages. The word gold is littered throughout the Federal Reserve Act of 1913, basing one promise after another on GOLD. It was the ONLY reason the legislation passed.

The Federal Reserve Act of 1913 says the Federal Reserve will not pay any income tax, its shareholders will receive a 6% dividend or the yield on a US 10-year treasury (whichever is lower) and also to have all their travel expenses paid.

They did manage to uphold these parts of the Federal Reserve Act of 1913

Their biggest weapon, their financial power is set to implode majestically and when it does, they are going to crash HARD.

Afaik they removed the Dollar-to-Gold convertibility in 1920 since during the great depression people were exchanging their dollas for yellow metal in droves.
Since then their currency is (((fiat))) i.e dependent only on money printer go brrrrrr backed by US gubmint.
Not good as a global currency.

Btw they do hoard gold but it is for their own purposes, not for plebs, whole planet is made a chutiya by the US dolla while they hoard everything of actual value like Gold, technology, military hardware, IP, Advanced machinery etc.

Gaddaffi wanted his own country, all nigga countries of Africa and eventually Arab countries also to sell Gold for Oil instead of green paper from white guy in DC, you saw what happened to him.

It's also why they go after Russia all the time, vodka-lovers have it all buried under thier humongous country.

 

[shade]

Mate I used to believe just getting higher GDP numbers would make us independent and ideally it should but why is it not true?
How do US financial system exert control?
We have our one banks like HDFC and ICICI which are churning out loans and selling in valuation.
Fast forward 20 years later they should be big enough to support our loan requirements.
We have our own payment system like UPI and Rupay which can act as an alternative to western transactions network.


The only thing lacking seems to be venture capital firms and equivalent of PWC and Ernst Youngs.

One reason is the bulk of capital that flows here in the form of loans, and companies need big loans come from abroad, either from the US itself or the vassal economies, even tech is from the vassal economies, owned by companies that carry Western debts.
The second reason is the USD being the global currency, and the world banking system being connected by SWIFT, also controlled by the West.

You can see what is happening to Russia right now through Western sanctions, they can't trade in USD, and neither can receive any quality foreign investment except Uncle Chong puts into their katora.

Basically if you're the enemy of the West your country is a leper, nobody will trade with you, sell you any good stuff or invest unless the other party is also a leper, i.e Iran.

China today is the only country that can standup to the West because they have the industrial capacity, population base, farmland and mineral reserves( either their own or Russia's ) and this is by design of the kikes so we have a new Cold War with China being the boss Other Superpower, and they are pushing their RMB in international transactions heavily over the dollar, and are the main beneficiaries of de-dollarization

 

[Blademaster]

Gold is a financial security for Indian households.

Also all that temple gold

yes but what about western households? They are also bound to hold some gold too. If you are going to bring in Indian households to compare, then we need to bring in western, chinese, and far east households to compare.

 

[Suryavanshi]

yes but what about western households? They are also bound to hold some gold too. If you are going to bring in Indian households to compare, then we need to bring in western, chinese, and far east households to compare.

Op-Ed: How much gold do Americans own?

Did you know that 23% of U.S. households have more than one refrigerator?

www.latimes.com

Not much it seems.
Gold isn't a cultural thing there.

 

[Jimih]

Not much it seems.
Gold isn't a cultural thing there.

It was before 1933.

But a Presidential Executive Order by President Roosevelt in 1933 changed it all.

Generations after that lost interest in Gold.

 

[Suryavanshi]

So let's analyze this.
Suppose we import a lot of raw material from Angola and pay them in rupee they accept.
They now have a lot of INR. There is another nation Mozambique who wants to buy weapons from us but they don't want to pay in dollars. They have good relation with Angola so they accept INR as payment from Angola for their trade.
Now Mozambique also has INR and they can now buy weapons. The acceptance of INR from Mozambique makes it convenient for Angola to stock up on INR.

Is this how global currency is made?

 

[Jimih]

Is this how global currency is made?

Global Currency/Reserve Currency is made when:

The currency must be from a country of considerable economic size with open and liquid financial markets. The country also must enjoy a significant position in the global market, encouraging trade in its currency. Besides, the currency must be stable and easily convertible into domestic currencies.

Russia is now hesitating to accept more INR as they are finding it difficult to convert it to other currencies and trade it internationally.

Russia has now Billions in Indian Rupees in their reserves due to massive crude oil sales to India.

 

[shade]

Chinese Malware Hits Systems on Guam. Is Taiwan the Real Target?

The code, which Microsoft said was installed by a Chinese government hacking group, set off alarms because Guam would be a centerpiece of any U.S. military response to a move against Taiwan.

www.nytimes.com

https://www.washingtonpost.com/technology/2023/05/24/china-hack-guam-taiwan/

Recommended soundtrack with article



Meanwhile a half-assed denial has also come out

China denies claim it hacked critical infrastructure in Guam

'The allegation by the US side that the Chinese government is 'supporting hacking' is completely distorting the truth,' said Liu Pengyu, the spokesperson for China's embassy in DC.

www.dailymail.co.uk

"We dindu nuffin :^) "

Whenever y'all feel bad about us getting whacked by the Ching every now and then, take heart in knowing that even an alleged Superpower get's molested by 11, Jinping and his small army of C&C Generals H4x0rm3n

 

[skywatcher]

China plans to land astronauts on moon before 2030, expand space station, bring on foreign partners

China plans to land astronauts on moon before 2030, expand space station, bring on foreign partners

Officials with China's burgeoning space program say they plan to place astronauts on the moon before 2030 and expand their space station. Monday's announcement comes amid against the background of a rivalry with the U.S. for reaching new milestones in outer space that reflects their competition...

apnews.com

BEIJING (AP) — China plans to place astronauts on the moon before 2030 and expand the country’s orbiting space station, officials said Monday.

Monday’s announcement comes amid against the background of a rivalry with the U.S. for reaching new milestones in outer space, reflecting their competition for influence on global events.

That has conjured up memories of the space race between the U.S. and the former Soviet Union in the 1960s and 1970s, although American spending, supply chains and capabilities are believed to give it a significant edge over China, at least for the present.

The U.S. aims to put astronauts back on the lunar surface by the end of 2025 as part of a renewed commitment to crewed missions, aided by private sector players such as SpaceX and Blue Origin.

The deputy director of China’s space agency confirmed the twin objectives at a news conference but gave no specific dates.

Q: Is it possible for China to make a crewed lunar landing by 2030?
We all know how risky it is.

 

[Porkislayer]

Looks like Globohomo is preparing ground to demonize India eventually with the mushrooming of articles like these, a key part of such articles is peddling the narrative that the Indian Armed forces would be steamrolled by Chingchong in event of a war, therefore there is no point in the US courting India for an anti-China purpose.

However that doesn't answer the question about who will play the role of Ukraine against China? Indeed the greatest weakness of the modern pussified West is battle-losses, since it's the Ukies and some polacks doing the dying they don't care rn in the war against Russia, ofc Taiwan is simply too low population, and the SEAsian countries are busy taking it in both holes from West and China and enjoying the same

It's gonna be the mighty Phillipines Empire

 

[Azaad]

It's gonna be the mighty Phillipines Empire

This guy used to be a half decent analyst earlier before the Wuhan virus & specifically India's stance in the Ukraine war affected his mind . Both him & Bruno Macaes are suffering from the same affliction today.

 

[Porkislayer]

This guy used to be a half decent analyst earlier before the Wuhan virus & specifically India's stance in the Ukraine war affected his mind . Both him & Bruno Macaes are suffering from the same affliction today.

They’re good dogs. They used to wag their tail when their masters wanted them to, and now they bark at India, because their masters want them to.

 

[shade]

It isn't just the pinoy govt omg. Even the normal people are so US cock sucking. Worse than Punjabis and Kanedda

They worship the Americunts/US, they literally have white-fever, no surprise their islands are full of US bases, yet their own armed forces are thrash tier, like can you believe their air force doesn't even have F16s , Navy is also poor and shitty.

Meanwhile you have journalists putting out articles like this

Philippines paving the way toward a new Quad

MANILA – The Quadrilateral Security Dialogue, composed of Australian, India, Japan and the United States and better known as the Quad, has billed itself as a robust partnership centered and f…

asiatimes.com

This is literally what they will get if they dump us for the Peenoise or other SEAsian countries who enjoy Chinese investment

 

[AnantS]

They worship the Americunts/US, they literally have white-fever, no surprise their islands are full of US bases, yet their own armed forces are thrash tier, like can you believe their air force doesn't even have F16s , Navy is also poor and shitty.

Meanwhile you have journalists putting out articles like this

Philippines paving the way toward a new Quad

MANILA – The Quadrilateral Security Dialogue, composed of Australian, India, Japan and the United States and better known as the Quad, has billed itself as a robust partnership centered and f…

asiatimes.com

This is literally what they will get if they dump us for the Peenoise or other SEAsian countries who enjoy Chinese investment

View attachment 208803

Philipines is a safe bet for US to pour arms and boots on. Already US boots are stationed.

Criteria for becoming Ally of US
1) Be its bitch.
2) Be ready to pour men and money when asked
3) follow first two rules.

 

[ezsasa]

It's gonna be the mighty Phillipines Empire

if we use the paradigm "they get excited when they assume some country is going to send it's people to war on behalf of U.S" for ex "fight russia till the last ukranian" "fight china till the last Indian" , then their commentary and excitement makes sense.

it's basically the proxy war strategy, which is that commentators of his age group know most about, they get excited when ever where ever such possibility opens up. in our case they got most excited after our 2020 clash in ladakh, later found out that India is solving boundary disputes by means other than war.

 

[Overlord]

It's gonna be the mighty Phillipines Empire

LMFAO, the same pinoys which got steamrolled by japanese earlier & 'murica had to "advance in different direction".

Good going 'muricans