It's more like we made promises we didn't keep (like transferring financial aid, investments in infrastructure projects, etc) and instead Western countries still bleed part of Africa's economy dry and I can understand that they're fed up with it. I only hope that China and Russia won't just be a wolf in sheep's disguise, since they're also imperialist and it'd be naive to expect them to help Africa become a strong contender to their economies.
It seems you're not really familar with what's happening in Africa right now and I can't fault you for that because Western media has been terrible about reporting about what we're doing to Africa. (Please excuse me if I'm completely off here, I can only go with what you provided thus far.)
According to my research a lot of countries on the African continent are actively working towards dedollarization by building independent central bank transfer infrastructure to finally get rid of the shackles of Western neo-colonial soft power and China/Russia/BRICS are a god-sent for them.
And thinking that Putin doesn't have influence (and thus, he has to pretend otherwise) is kinda... ignorant?
I'm from Europe and I have no allegiance to China or Russia. I'm anti-imperialist and the only political label I can associate with that of anarchism. But yeah, sure, go on making me out to be some imperialist communist tankie fascist or whatever people throw around nowadays to discredit people they don't agree with without even knowing the political affiliations/leanings of someone.
Please explain "Russia / China tactics 101" and I'll take the time to counter what you consider to be (I'm paraphrasing) "imperialist aligned tactics" and that I have good reasons to have arrived at my conclusions (which you don't know about, even you read of all of my comments, because I haven't stated them anywhere in full detail, but please, give it a try, if you don't have anything better to do). I'm also open to being wrong and I tend to change my mind when presented with good data/evidence.
Since your posts in this thread are so utterly bereft of nuance ("Russia is evil!!11", "Censor what contradict's Western doctrine", "You have a dissenting opinion so I'll assume you're a fascist"), I'm really not sure why I even bother responding to you, but I'll give you the benefit of the doubt, hoping that you might be willing to engage in a meaningful debate.
Thanks for reducing the complexity of international politics to something I'd expect from a late night TV bizarre true crime documentary. You've certainly elevated the debate!
It's bizarre how people instinctively seem to get foam around their mouths once you disagree with their assesment of this war and the Western simulation of liberal democracy. I'm an anarchist and antifascist. At least get your terminology in order before you recklessly give in to your lower instincts of insulting people without having any idea what you're talking about. Appreciated.
I think your assessment of what the Fed is doing is either based on underestimating the complexity of the monetary system or you've been misinformed by people who don't have your interests at heart. Please check this comment where I provide a source for my assessment of what the Fed is doing: https://lemmy.ml/comment/1684511
Feel free to provide me with better sources that aren't like "everything is fine, don't worry, your money is safe and the Fed is doing this in your interest" without providing meaningful data to support that.
At first, raising interest rates in the face of high deficit-driven inflation can slow inflation down, which makes it seem like it’s working. This is because the Fed can potentially reduce the rate of bank lending, and thus slow the economy down a bit, even as those fiscal deficits keep pouring in. In other words, they’re not affecting the primary cause of inflation, but they’re subduing enough other things that they’re able to push back against the primary cause, indirectly.
Over time, however, raising interest rates and keeping them high in an environment where runaway government deficits and high government debts are causing inflation runs the risk of exacerbating inflation. High interest rates on large amounts of government debt (>100% of GDP) will result in even bigger runaway deficits, because now they are dealing with ballooning interest payments on the debt, and this ironically pushes more money into the economy.
However, high interest rates also exacerbate deficit-driven inflation, specifically during eras with unusually large sovereign debts and deficits (e.g. >100% debt-to-GDP and >7% structural deficits-to-GDP). Each increase in interest rates puts some disinflationary pressure on the private sector, but also results in even larger public sector deficits pouring money into the economy. If those public sector deficits are big enough, then high interest rates can actually be inflationary.
BRICS is slowly gaining steam, Saudis no longer selling fossil resources exclusively in Petro Dollar, African nations are calling for their members of parliament do derisk of a US dollar collapse by selling whatever dollars they're still holding, inflation is rising due to the FED raising interest rates.
Probably won't happen this year but I'd be surprised if the dollar didn't start dipping in 2024.
It's strange that this has been a talking point of the Right (I'm extreme left/anarchist and I've expected this development as well) and most people didn't take it seriously. Glad we're even more dependent on the US, now that their dollar is going to collapse. Yay!
The West is strongly pro-Israel and if you're against the fascist regime in Israel people simply assume you're an anti-semite, so at some point people just don't give a damn anymore, especially because a lot of people using that term don't really know what they're talking about. I don't understand how people can be so simplistic in their thinking as to equate "I'm against colonial settlers" with "I don't like jews and they shouldn't exist" but here we are.
In the end, it's just brown-skinned people suffering and people in Israel have already accepted the reality of armed IDF soldiers being everywhere and looking through their stuff. And don't get me started on the surveillance capabilities of Israel.
Cynicism doesn't really help anyone but at least it's a way to cope. Sigh.
Has there been any proof from any Fediverse admin who could confirm that troll farms are active on Lemmy/Fediverse? I'd be interested to read more about that. Thanks!
Edit: Would've expected that it's too small in comparision to the big players.
Smart move. Forcing South Africa's hand for a PR win doesn't make any sense. Lavrov has been touring Africa over the past weeks anyways.