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The internal contradictions are sharpening.
The internal contradictions are sharpening.
I’m cackling in public…
To each their own. I left Reddit a year ago and have never felt the slightest urge to go back. Just too toxic and lib for me.
And nothing of value was lost…
At least 40% of the high tech bits are dependent on China: https://lemmygrad.ml/post/4933952
North Atlantic Treaty Organization (since Kenya is on the Indian Ocean)
I saw that someone went through and downvoted nearly every comment. Out of spite I upvoted each and every one of those, nullifying their efforts. Praxis!
Found you!
Come back here and I’ll bite your leg!
TLDW: China could overwhelm Taiwan’s “defenses” in less than an hour, giving The WestTM no chance at stopping them.
A classic source is Cheryl Payer’s The Debt Trap. I never really understood what a balance of payments crisis was until I read it.
Obligatory (watch till the end!): https://yewtu.be/watch?v=-xZQ0YZ7ls4
Cute! That metal fork has me a little worried though.
Now you have forced me to go THERMONUCLEAR!
The article explains later that Japan expected the US Federal Reserve to cut interest rates much sooner. But that hasn’t happened, hence the need to sell.
After BRICS, Japan is now dumping U.S. bonds and mitigating the losses it incurred from adverse interest rate bets. The latest data shows Japan has offloaded $63 billion worth of U.S. and European sovereign bonds by March 2024. The U.S. bonds sale represents nearly one-sixth of the Central Bank of Japan’s portfolio.
Japan is following in the footsteps of the BRICS alliance, which has been dumping U.S. Treasury bonds for more than a year. Offloading the bonds was the only way for Japan to reduce their losses on the interest rate cut bets.
Freakin emphasis freakin added.
Based. o7