subversive_dev @ Transform2942 @lemmy.ml

I sail the high seas of the Lemmyverse, posting snarky + Lefty comments

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Joined

2 yr. ago

The only good shitlord

Rebecca Watson is a longtime Poster going back to the blog days. Her feminism and sardonic wit has sent many a "nice guy" into fits of rage

Stay shanty, Lemmy

"Performance talent doesn't exist, also: Ayn Rand"

Who is "we" and why do they get to decide whether other countries exist?

Be the poster you want to see in the Lemmy

Well probably because:

• Lemmy is explicitly a reddit clone
• The vast majority of lemmy users are recent emigres from Reddit
• Reddit is still much larger and more influential

Yes, people have just barely discovered the technique to make the AI do this

You can tell this comm prioritizes high quality by the word "shit" in the name

Yield to the endless call of the Dark Deep

It's a reference to 1984

True but homicide / suicide yes

It looks like this is the closest thing to what you are looking for.

This is the way. All your threads are belong.

someone builds a lemmy PWA so every user can have their own interface with api to the instance.

Fellow traveler, I'm happy to tell you that's how it is already!

The URLs like m.lemmy.world are just a convenience, and you can use Voyager, mlmym, Alexandrite and the rest on ANY Lemmy instance, whether they have set up a convenience URL or not.

I did a little research. It doesn't look like the scale of these efforts are large enough to show up in the graphs yet.

In other words, I think we are in the "hype" part of the adoption cycle of "dedolarization" - announcements and partnerships and symbolic gestures, but the hard work of actually accomplishing the change still lies ahead.

So...the US dollar is the world's "reserve currency". Most international trade is actually conducted in USD, and central banks have to hold billions of USD in reserve as part of their basic operations.

This gives the US two massive geopolitical advantages:

• Because central banks like to hold their reserves in US Treasury bonds (which are considered safe but also pay interest) it artificially lowers the interest rate on those bonds. It's estimated this saves the US hundreds of billions of dollars annually in borrowing costs.
• Unless you want to use literal truckloads of cash, the only way to obtain and hold USD is through the global dollar-denominated banking system, which itself MUST comply with US sanctions. In practice this means that the US can "sanction" individuals, companies and countries - and thus nearly freeze them out of global trade and finance.

I think it's best to see BRICS as a direct response to that reality. The more these countries trade with each other in their own currencies, the more they weaken "dollar supremacy".

Over time, (20 years?) I personally would predict that the effectiveness of the US sanctions will degrade to the point of irrelevance. You can already see this (IMO) in the "chip wars" and Huawei's "escape". I think the proportion of global trade denominated in dollars will steadily decline, and borrowing costs will start to normalize to the rest of the world, and possibly spike.

Welcome to the wonderful world of Standard Fruit Company

What tools do you use to precisely work cast iron into a small hole to create your die?

Easy materials to get from your local 1st century hardware store