Joncash2 @ Joncash2 @lemmy.ml

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2 yr. ago

I'd bet a trillion dollars that the trade won't shift to the RMB. The main reason is simple, that's not what China wants. I'm so tired of western analysts not understanding a god damn thing about what China is doing. They see the US wanting the dollar to be the main trading currency so they assume because USA wants it, China HAS TO WANT IT BECAUSE CHINA HAS TO OPERATE EXACTLY THE SAME WAY. It's so ignorant it makes me puke. It's the same thing with them droning on and on about war with Taiwan.

How about we take a I dunno a god damn minute to see how China is changing trade? Currency swaps. I'm not going to delve deep into how it works, research it if you're curious. But basically the countries exchange like a trillion dollars and every time a transaction occurs, money is pulled out of that pool. The reason China loves this is because essentially no monetary transaction has occurred. If you were ever wondering how China keeps growing as their trades on swift go down, this is how. The best part is nothing is transparent about any of this. China can show or hide what ever the fuck they want. Which leads directly to articles about China lying about their economy. Which they are, as the IMF discovered China is hiding trillions and trillions of currency from these exchanges. This isn't me saying this, this is the god damn western IMF saying this.

So then, if this is working for China, someone needs to explain why the fuck China would even want to be the main trading currency.

He's been doing it for decades now. Hell here's an article from 2023.

https://www.newsweek.com/xi-jinping-dinner-us-ceo-elon-musk-apec-1844614

I knew he was a Chinese agent. America has already lost. I just wonder what China will do with the keys to the world now that America has literally just gave it to them without a fight.

I won't say that won't happen. But interestingly, China isn't trying to make their currency a hegemonic currency. Instead, they've been promoting currency swaps that use both local currencies. And it's picking up speed. All the BRICS nations are making currency swap agreements amongst each other. As I said in another post, I have no idea if this can go global. But it's something I hope we can all work towards. Any currency hegemon is bad for the world. The strangest thing is it appears China agrees, regardless of what western propaganda says about China.

Not sure it will change. The global south and more importantly BRICS has created a system where local currencies are used. It's basically a currency swap. If this can be extended to all nations there won't be a currency hegemon at all. Of course while it's been working well for the countries that are doing it, it's hard to say what the effects would be on a global scale. Still, we should work towards it. Note I am not talking about the BRICS currency, which is not real. Not even sure why it gets brought up at all.

*Edit. This is an article about the expansion of China's currency swap deals.

https://watcher.guru/news/brics-push-currency-swap-with-29-countries-worth-550-billion

Note that while this is about China, all BRICS nations are making currency swap deals with each other. It's just easier to find articles about China doing this because China is so massive.

I mean depends on how you look at it. In many ways, the world NEEDS to get off it's dollar addiction. Having a hegemonic currency isn't great for humanity as a whole. And Trump is doing the very best I've ever seen at helping the world cure itself of this problem. Not great for USA, but an important step for how geopolitics will work moving forward. Unless you meant doing everything wrong for Americans, then yes, Trump is awful.

Oh god, what an allegory to the current state of USA. You have the symbol of America performing to an empty theater having upset everyone in the audience except for 2 people/countries. It's coming collapse wasn't a big deal because everyone had already left the theaters. It does seem to be somewhat predictive of the future.

Not quite? China already has 1, the type 003. Which while gas powered is able to carry a similar compliment as the Nimitz class and more than the French Charles de Gaulle.

Your also ignoring that China has 2 types of Amphibious Assault ships as well, the type 075 and 076. In terms of pure numbers, if you removed all of the US carriers, China will have a similar number of aircraft in their navy. The quality and abilities of these aircraft would be wildly in USA's favor, but that's not what you said.

I mean, not that I'm OK with any of this. But Trump said he's not willing to commit to defending Taiwan a few days ago. If Taiwan is on the table, god knows how much money China will be willing to shower on to him and USA. His insane plan might work for a few years while he's in office. He's willing to sell what no one else ever was and damn the longterm consequences.

But as an American, he might just be stealing the money to keep America afloat for his term, so I guess that's nice?

No one knows. Here's a video of Trump from a few days ago saying he's willing to concede Taiwan.

https://youtu.be/Iv4N2uCZGhk

With that offer on the table, who knows how much China would be willing to pay Trump. Trump is just in it for himself. He just put a trillion dollar chip on the bargaining table.

I meant on a geopolitics level. China really doesn't play the geopolitics games. They pretty much just do what they think is right for the nation (right or wrong) and tells everyone else to take care of their own shit. Today, this plan of doing nothing looks to be very successful.

*Edit: Obviously internally they're doing a shit ton of stuff for their nation and their people. But externally, not so much.

Or really paying attention to other nations as well. In fairness, they literally said that's what they plan to do. Which lead people to say China only cares about China. Which is true. The question becomes why SHOULD China care about the internal politics of other nations?

You are right, USA being bad does not make China good. All this shows is USA was always bad. It's just mask off now. Every nation should be looking to independently secure their networks now. No one can be trusted. But if we are honest, it was always this way, the world just got complacent.

China: I will do nothing and the world will fall to its knees before me.

I didn't know how to respond at the time to your statement. Because while I agree, the world doesn't seem to work that way. But now, it's fucking over. We're cutting the planet into slaves and 3 empires.

https://youtu.be/Iv4N2uCZGhk

God I hope my people make it out of this in one piece.

Fuck, fuck, fuck, fuck, fuck. Your prediction is coming true.

https://youtu.be/Iv4N2uCZGhk

Fuck Trump, fuck America, fuck everything that is happening right now. Fuck

Sure. So we go by votes? What about Hawaii, Barcelona, Ireland, I could go on. Those are all nations that have been swallowed to history where western nations are OK with the oppression of people. What makes the difference, what is the deciding factor? I dunno, but any way you judge it, every nation is doing this today.

Why do you think Trump is asking for Greenland? They're been trying to be independent for some time now the the Dutch won't let them. Obviously they don't want to be swallowed by USA, but they're so small they might not have a choice. So no maps here, what are we basing it on? How does it work?

I'm just talking about very bad and less very bad. But yes, regardless now the outcome is negative.

It's far more than historical reasons, Taiwan is complicated at best. I'm not going to claim I know who's right or wrong or literally anything on the topic. All I can say is my personal opinion and on that I hope Taiwan will find a way to keep it's independence regardless of their official standing in the world.

On the chip act. Yes, I agree, very much so...

Yeah, but we have to hope as a species that's what China decides. Looking at their history, that's actually likely. But we're basically gambling on a sane decision from the CCP. That's not a place I want to be. Though in fairness, I think most people here would agree with me.

I'm not sure what Taiwan has to do with a supply chain, but yeah, Taiwan falling to China would absolutely be part of the agreement. And as insane as what I'm about to say, especially since I'm Taiwanese, Taiwan would be a tiny footnote if this all goes through. It's nuts that the entirety of the democracy's survival is completely dependent on the will of 3 people and 2 of them have already proven to be completely insane and the third one no one is happy with.