6 states siding against a supreme court decision to deny access to federal authorities seems big, if thats happened in my lifetime I've not heard of it before

you are viewing a single comment's thread
view the rest of the comments

[–] Kaplya@hexbear.net 41 points 9 months ago* (last edited 9 months ago) (2 children)

This is just the equivalent of rich kids who live off their parents’ wealth throwing tantrum. At the end of the day, nobody dares to cut ties from the family wealth. Sure, some might be crazy enough to do it, but most of the time it doesn’t end well for them.

No country is ever going to give up the dollar just to trade with Texas. Literally nobody. This is how the US impose its sanctions and embargo against Cuba and all the Bad Countries.

[–] HamManBad@hexbear.net 33 points 9 months ago (2 children)

What if Texas joins BRICS? deng-cowboy

[–] Kaplya@hexbear.net 18 points 9 months ago* (last edited 9 months ago) (1 children)

BRICS Bank Aims to Increase Local-Currency Borrowing to 30%

Dollar funding will continue to dominate, CFO Maasdorp says

But the majority of the bank’s funding — about 70% — will continue to be denominated in dollars, he said.

“The bank’s capital is in US dollars. Our reporting currency is US dollars. So the dollar is hot-coded in the DNA of the bank,” he said.

No shot. Everyone’s dragging their feet about de-dollarization at BRICS. My biggest disappointment of 2023, after all the encouraging talks about doing it during the 2022 summit.

[–] bbnh69420@hexbear.net 14 points 9 months ago* (last edited 9 months ago) (1 children)

I gotta be honest, nothing has made me despise dollar hegemony like your posting. Truly removed the blinders I had that had me coping re: BRICS

[–] Kaplya@hexbear.net 10 points 9 months ago* (last edited 9 months ago) (1 children)

As you should. I try to raise awareness about how dangerous the dollar can be because too many people think that the US empire is on the brink of collapse just because it is losing a few wars currently, forgetting that the US has lost near every war since 1945 except maybe for the 1991 Gulf War and still managed to dominate the world like nothing has happened.

[–] bbnh69420@hexbear.net 5 points 9 months ago* (last edited 9 months ago)

Accurate materialist analysis is anathema and antithetical to Western mindsets, even those with slightly wider lenses

[–] invo_rt@hexbear.net 8 points 9 months ago

Messin with Texas xi-square-up

[–] italktothewind@hexbear.net 20 points 9 months ago (1 children)

I see what you mean

fwiw I don't think it's happening anytime soon, but crises such as these repeating (growing larger each time) plus the US' power globally declining = after a few decades, probably balkanisation, sure

[–] Kaplya@hexbear.net 14 points 9 months ago

If the dollar loses its hegemony status, then likely. But it’s going to be a while away, probably decades like you said.