sovecon

joined 5 months ago
[–] sovecon@lemmygrad.ml 1 points 2 months ago

unfortunately not :/

[–] sovecon@lemmygrad.ml 6 points 2 months ago* (last edited 2 months ago)

The evidence we have is that Swiss banks are likely key in how sanctions against Russia are being avoided.
https://www.bloomberg.com/news/articles/2022-09-20/swiss-imports-of-russian-gold-climb-to-highest-since-april-2020

[–] sovecon@lemmygrad.ml 7 points 2 months ago* (last edited 2 months ago)

it depends on what you mean by BRICS, the EU, and imperialism.

Usually what people are referring to is the breakdown of something called Dollar Recycling and usually this gets lumped in with the specific way the US ruling class impose their economic will over the rest of the world.

Often people start with a history lesson beginning just after WWII, and I can link a video if you'd be interested, but in short:

  1. The US Dollar is used by all countries to settle trade. When countries buy and sell oil, they do it in US Dollars. When Argentina sells grain to Brazil, they do it using US Dollars.

    spoilersidenote: It's not actually "Argentina" or "Brazil" doing this. The businesses in these countries put in purchase requests for US Dollars at the Chicago Clearing House or some other bank, and then they pay a fee to exchange their currency for US Dollars, and then trade with each other, and then pay the bank to exchange it back.
    sidenote 2: Sometimes these businesses go to their own country's central banks to exchange the money so the central bank acts as a middle man of sorts.
    .

  2. If a business in the US wants to buy something from abroad, it can just do so without having to worry about where to get US Dollars from since it always uses US Dollars anyway. When French businesses, for example, wants to buy something from abroad, they has to first sell something to get the US Dollars they needs (often to the US) or they have to use a US bank or clearing house to exchange Euros for US Dollars.

  3. Chinese businesses is becoming the largest trading partners of many countries, not the US ones anymore. So many countries can get US Dollars without having to sell to US businesses.

  4. What is likely going to happen is that the BRICS countries (probably better referred to simply as the China Trading Block since all of the other countries are in a subservient role) will make their own crypto currency similar to Tether which is backed by US Dollars that China has in abundance.

  5. This means that there is now a competing currency to the US Dollar but which can easily be exchanged for US Dollars without needing to use any US Banks at all. Thus the power the US businesses have will be weakened.

[–] sovecon@lemmygrad.ml 1 points 2 months ago

That's about what I expected. It's the same in the west. Very few people are ardent neoliberals but many just support their team (if they are politically active at all).

[–] sovecon@lemmygrad.ml 0 points 2 months ago* (last edited 2 months ago)

i watch kevin walmsley for the info he provides. i (and everyone else) can think for themselves haha. the info he shares is good but his conclusions and biases are wrong and can easily just be ignored.

as for my other comment, i do still believe that and i have actual evidence of it now.

[–] sovecon@lemmygrad.ml 2 points 2 months ago

sounds a bit anarchist

[–] sovecon@lemmygrad.ml 10 points 2 months ago (3 children)

I don't think slur is the appropriate word to use here.
There are people who simply support China because it isn't the US. For example, one of the best sources for economic news about China is Inside China Business. He lives in China and supports China but he literally thinks that the reason for China's success is that God is rewarding them for being the largest Christian nation and punishing the US for abandoning the faith. I don't know what other word to describe this guy and people like him as.

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

am i one of these few MLs?

[–] sovecon@lemmygrad.ml 10 points 2 months ago

When I was studying Standard Chinese I was talking to my tutor about the youth organization and he said it's basicall required to be a member to qualify for state assistance. Kind of like a formality like selective service is in the US. So for that org I would guess about 99% of the people are not ardent MLs.

You also bring up a good point that was really matters is if the public support the party and if the party is supporting the people.

[–] sovecon@lemmygrad.ml 9 points 2 months ago (4 children)

I agree with your conclusion very, very much.

This wasn't meant to call anyone out but just genuine curiosity. Some of the sources I get news about China from are definitely not supporting China for any reason other than it's not the US. (Inside China Business is a great channel but he literaly thinks China is being rewarded by God for being the largest Christian nation and America is being punished for abandoning the faith).

[–] sovecon@lemmygrad.ml 4 points 2 months ago

I think it's probably less than half. Some of the big names who make their living talking should be thought of skepitcally but as long as they support outcomes we want it doesn't matter too much.

Not sure if what I said makes sense tho

[–] sovecon@lemmygrad.ml 0 points 2 months ago* (last edited 2 months ago)

i have a source now if you are genuinely curious.

 

I found a much longer version of that classic AI meme.

"And now you have these capitalists, this is their new hoax: they take, they buy a brand new shiny means of production. a bit beautiful new machine. and they have these workers--who are totally not being treated fairly in this county folks, ok. totally exploited--they pay these workers a certain amount. could be 10, could be 20, could be 15. and with their labor they build the product. but the capitalist turns around and sells the product at a huge markup. they call it a profit. and they call it a profit."

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