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0 sats \ 0 replies \ @Solomonsatoshi 6h \ parent \ on: Day 006: "Be not wise in your own eyes; fear the Lord, and turn away from evil" spirituality
Witch hunt.
Mostly Jewish shadow bankers have been behind the western governments who have dominated global hegemony over the last 500 years..
All those systems are governments!
Often less centralised and more distributed than a modern nation state but governments none the less.
They all rely as you yourself acknowledge upon common and agreed rules and means of resolution.
The Theocracy of the Catholic Church in Europe was government...you appear to assert it wasn't- delusional sophistry!
The theocracy in Iran is government.
Islamic State / ISIS are forms of theocratic governments!
Smaller more primitive economies and society can happily operate under more primitive forms of government but you have not and cannot show any example of where there was no government...even if you cannot see that governments can take and do take many different forms to the one of the modern nation state.
You are right that China is reliant upon food imports but it has many options to import as nearly all nations have a trade deficit with China and are eager to export their food commodity exports to China. China now offers the best prices for many commodities and dominates global commodity markets because of it.
Africa, S.E.Asia, Australasia are all major suppliers of food exports to China because China pay good prices and buy large volumes.
Most industrialised nations import food as they have the advantage of making greater trade surpluses by manufacturing which adds value and concentrates capital and wealth creation.
China is in no danger of food shortages with its Trillion dollar annual trade surpluses.
USA in contrast has not enjoyed a trade surplus for decades and can only pay for its extraordinarily wasteful food consumption by printing money.
N.Korea is now gaining military technology from Russia, and so is China.
Russia is now firmly caught within the orbit of Chinas economic empire and is selling its oil and gas to China and India at significant discounts to global market prices all thanks to the US sanctions placed upon Russia.
The US sanctions have failed to end the war in Ukraine- Russia is emboldened because it can sustain its military adventures with the support of China and N.Korea and USA is exposed as unable to stop the growing power projection of Chinas military proxies- Russia, Iran and N.Korea.
The US is failing and Trump claims that he can have been shown to be hollow words not backed up by any definitive action.
China and its BRICS coalition are increasingly assertive in the face of declining US power.
Agree with much of what you say here- although in WW2 Russia lost an estimated 24 million and China 20 million.
https://www.nationalww2museum.org/students-teachers/student-resources/research-starters/research-starters-worldwide-deaths-world-war
But for sure the US era of global hegemony has not been without brutality- take the 1 million Indonesians murdered on CIA orders to remove Sukarno or the removal of Mossadagh in Iran.
Today China and Russia witness the decline of viability of the US empire and seek to carve out their now, wider power spheres. It probably will be a more multi-polar world.
The transition might be messy. The new norm might be too...
Try managing without one and see how it goes for you.
You will be screeching desperately for government before long.
Governments and their provision of property rights and law enforcement form the basis of wealth creation.
Without them there has never been a prosperous sustained economy.
Why?
Because without rule of law you have anarchy and it is extremely difficult to do much let alone invest in complex infrastructure and productive capacity required for a prosperous economy.
Good question.
Does anyone know the answer?
Surely France and Britain must have significant gold reserves?
China, Russia, Iran and now India.
The tables are turning and the USA is increasingly exposed as a paper tiger without much real influence in the world where now China dominates global trade and BRICS nations are increasingly challenging US hegemony.
Chinas CIPS and mBridge trade payments protocols mean BRICS nations can now continue to trade outside of SWIFT and SWIFT sanctions are increasingly ineffective.
Saudi Arabia has already joined BRICS, and mBridge.
Trump is managing the decline of US hegemony.
Is it the French people or government (or both) that you see as being resistant to Bitcoin?
Note- I have zero knowledge of French Bitcoin culture/adoption.
The point is close to where FED can cut rates but the market will not follow.
US Debt is reaching unsustainable levels and the market for USTs is insufficient to absorb the growing deficits.
Rising rates could now swiftly tip the US into insolvency- this is what Trump is seeking to avoid but it is increasingly difficult.
Tariffs provide a short term income flow but cripple the US economy in the medium term.
Trump in crisis mode managing the decline of US hegemony.
The Petrodollar really is under existential threat.
Primarily from China who have supported Russia and Iran by buying their oil and supplying them with the full range of manufactured goods required to maintain a modern state and to wage war on US allies and associates.
India has long been aligned with Russia and is drawn into the Chinese led axis against western imperialism.
No major economy can afford to alienate China now that China has won the trade war- and now that the Chinese mercantile economy is dominant China must and is seeking greater power and control over tertiary infrastructures like international trade payments and protocols. India has chosen the mercantile strength of China aligned to the military force of Russia.
US petrodollar hegemony is not far off being toppled.
Fast approaching USD$40T DEBT= Insolvency.
Who will buy the $7T USTs that need to be sold before Christmas???