this post was submitted on 15 Jul 2024
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[–] Shinhoshi@lemmygrad.ml 24 points 4 months ago (2 children)

Critical support for destroying the USA empire to... checks notes the USA?

[–] yogthos@lemmygrad.ml 30 points 4 months ago (1 children)
[–] chesmotorcycle@lemmygrad.ml 16 points 4 months ago (1 children)

Wow, this is from 2014 no less.

[–] GrainEater@lemmygrad.ml 8 points 4 months ago (1 children)
[–] chesmotorcycle@lemmygrad.ml 8 points 4 months ago

Too good to be true! But the real article is also good.

[–] LarkinDePark@lemmygrad.ml 11 points 4 months ago

Xi's sitting back and doing nothing plan coming together.

[–] ahriboy@lemmygrad.ml 20 points 4 months ago (1 children)
[–] yogthos@lemmygrad.ml 21 points 4 months ago

don't see western media making fun of BRICS lately

[–] OmniDeficient@lemmygrad.ml 19 points 4 months ago

This article feels like someone giving the market a little nudge to hopefully trigger some tiny movements their trading supercomputer can take advantage of to make them a quick few hundred million. Source: I know less than nothing about the subject.

[–] redtea@lemmygrad.ml 18 points 4 months ago (1 children)

Owner of Forbes quietly admits to being annoyed at being saddled with loads of bitcoin, staff promise to fix that for them.

[–] simply_surprise@lemmygrad.ml 10 points 4 months ago* (last edited 4 months ago)

It almost works on me 😅

[–] Idliketothinkimsmart@lemmygrad.ml 14 points 4 months ago (2 children)

Bitcoin...which is valued in dollars?

[–] yogthos@lemmygrad.ml 10 points 4 months ago

I think the key there is that US doesn't control trade of bitcoin the way they do swift. Any country can send bitcoin to any other country as a form of settlement, and there's nothing US can do about it.

[–] Shinhoshi@lemmygrad.ml 8 points 4 months ago

Crucially, it's valued in other currencies too, and not just printed by the USA

[–] Rasm635u@lemmygrad.ml 12 points 4 months ago (2 children)
[–] rainpizza@lemmygrad.ml 19 points 4 months ago* (last edited 4 months ago)

Another mouthpiece of the empire but related to the economy.

[–] knfrmity@lemmygrad.ml 18 points 4 months ago (1 children)

She's a neoliberal economist (ie someone who lays down academic cover for the empire). She was the Federal Reserve chair under Obama and has been the Treasury Secretary under Biden.

Her earlier career included time at the Fed, during which she wrote a paper clearly stating the purpose of raising interest rates: to further oppress the working class.

[–] Shinhoshi@lemmygrad.ml 11 points 4 months ago* (last edited 4 months ago)

And then proceeded to hike interest rates at astronomical speeds during her tenure

https://www.visualcapitalist.com/interest-rate-hikes-1988-2023/

[–] ExotiqueMatter@lemmygrad.ml 9 points 4 months ago (1 children)

Yellen when sanctions backfire

[–] yogthos@lemmygrad.ml 7 points 4 months ago (1 children)

I absolutely love they picked that particular pic for the story.

[–] ExotiqueMatter@lemmygrad.ml 6 points 4 months ago (1 children)

This deserves to be an emoji.

[–] yogthos@lemmygrad.ml 6 points 4 months ago