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Get Ready for the Next Game-Changer: the Digital Yuan
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A China yuan banknote featuring late Chinese chairman Mao Zedong and a computer keyboard are seen reflected on an image of Chinese flag in this illustration picture taken November 1, 2019. REUTERS/Florence Lo/Illustration - RC14C5905790

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A new, radical paradigm shift is in progress. The U.S. economy may shrink as much as 40% in the first semester of 2020. China, already the world’s largest economy by PPP for a few years now, may soon become the world’s largest economy even in exchange rate terms.

The post-Planet Lockdown world – still a hazy mirage – may well need a post-Planet Lockdown currency. And that’s where a serious candidate steps into the fray: the fiat digital yuan.

Last month, the People’s Bank of China (PBOC) confirmed that a group of top banks started trials in electronic payment in four different Chinese regions using the new digital yuan. Yet there’s no timetable yet for the official launch of what is called the Digital Currency Electronic Payment (DCEP).

The man with the plan is PBOC governor Yi Gang. He has confirmed that apart from the trials in Suzhou, Xiong’an, Chengdu and Shenzhen, the PBOC is also testing hypothetical scenarios for the 2022 Winter Olympics.

While DCEP, according to Yi, “has made very good progress,” he insists the PBOC will be “cautious in terms of risk control, especially to study anti money-laundering and ‘know your customer’ requirements to incorporate in the design and system of DCEP.”

DCEP should be interpreted as the road map for China leading to an eventual, even more groundbreaking replacement of the U.S. dollar as the world’s reserve currency. China is already ahead in the digital currency sweepstakes: the sooner DCEP is launched the better to convince the world, especially the Global South, to tag along.

The PBOC is developing the system with four top state-owned banks as well as payment behemoths Tencent and Ant Financial.

A mobile app developed by the Agricultural Bank of China (ABC) is already circulating on WeChat. This is in effect an interface linked to DCEP. Moreover, 19 restaurants and retail establishments including Starbucks, McDonald’s and Subway are part of the pilot testing.

China is advancing fast on the whole digital spectrum. A Blockchain Service Network (BSN) was launched not only for domestic but also for global trade purposes. A large committee is supervising BSN, including executives from the PBOC, Baidu and Tencent, according to the Ministry of Industry and Information Technology (MIIT).

Backed by gold

So what does this all mean?

Well connected banking sources in Hong Kong have told me Beijing is not interested for the yuan to replace the U.S. dollar – for all the interest across the Global South in bypassing it, especially now that the petrodollar is in a coma.

The official Beijing position is that the U.S. dollar should be replaced by an IMF-approved Special Drawing Rights (SDR) basket of currencies (dollar, euro, yuan, yen). That would eliminate the heavy burden of the yuan as the sole reserve currency.

But that may be just a diversionist tactic in an environment of all-out information war. A basket of currencies under the IMF still implies U.S. control – not exactly what China wants.

The meat of the matter is that a digital, sovereign yuan may be backed by gold. That’s not confirmed – yet. Gold could serve as a direct back up; to back bonds; or just lay there as collateral. What’s certain is that once Beijing announces a digital currency backed by gold, it will be like the U.S. dollar being struck by lightning.

Under this new framework, nations won’t need to export more to China than they import so they have enough yuan to trade. And Beijing won’t have to keep printing yuan electronically – and artificially, as in the case of the U.S. dollar – to meet trade demands.

The digital yuan will be effectively backed up by the massive amount of Made in China goods and services – and not by a transoceanic Empire of 800 Bases. And the value of the digital yuan will be decided by the market – as it happens with bitcoin.

This whole process has been years in the making, part of serious discussions started already in the late 2000s inside BRICS summit meetings, especially by Russia and China – the core strategic partnership inside the BRICS.

Considering multiple strategies to progressively bypass the U.S. dollar, starting with bilateral trade in their own currencies, Russia and China, for instance, set up a Russia-Chian RMB Cooperation Fund three years ago.

Beijing’s strategy is carefully calibrated, like playing go long-term. Apart from methodically stockpiling gold in massive quantities (just like Russia) for seven years now, Beijing has been campaigning for a wider use of SDR while making sure to not position the yuan as a strategic competitor.

But now the post-Planet Lockdown environment is shaping up as ideal for Beijing to make a move. Even before the onset of the Covid-19 crisis the predominant feeling among the leadership was that China is under a full spectrum attack by the United States government. Hybrid War already reaching fever pitch implies bilateral relations will only get worse, not better.

So when we have China as the world’s largest economy by both PPP and exchange rate; still the strongest growing major economy, barring the first semester of 2020; productive, innovative, efficient and on track to reach a higher technological level with the Made in China 2025 program; and capable of winning the “people’s war” against Covid-19 in record time, all the necessary elements seem to be in place.

But then, there’s soft power. Beijing needs to have the Global South on its side. The United States government knows it very well; no wonder the current hysteria is all about demonizing China as “guilty” on all – unproved – counts of fostering and lying about Covid-19.

An “impending arrival”

A key advantage of a sovereign digital yuan is that Beijing does not need to float a paper yuan – which by the way is being sidelined all across China itself, as virtually everyone is switching to electronic payment.

The digital yuan, using blockchain technology, will automatically float – thus bypassing the U.S.-controlled global financialized casino.

ORDER IT NOW

The amount of sovereign digital currency is fixed. That in itself eliminates a plague: quantitative easing (QE), as in helicopter money. And that leaves the sovereign digital currency as the preferred medium for trade, with currency transfers unimpeded by geography and, the icing on the cake, without banks charging outrageous fees as intermediaries.

Of course there will be pushback. As in non-stop demonization of neo-Orwellian China for straying away from the whole purpose of bitcoin and cryptocurrencies – which is to have freedom from a centralized structure via decentralized ownership. There will be howls of horror at the PBOC potentially capable of seizing anyone’s digital funds or turning off a wallet if the owner displeases the CCP.

China is on it, but the U.S., UK, Russia and India are also on their way to launch their own crypto-currencies. For obvious reasons, the Bank of International Settlements (BIS), the Central Bank of Central Banks, is very much aware that the future is now. Their research with over 50 Central Banks is unmistakable: we are facing an “impending arrival”. But who will take the Biggest Prize?

(Republished from Strategic Culture Foundation by permission of author or representative)
 
The China/America Series
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  1. Interesting article (just skimmed through it though; will read it later, God willing).

    Pepe, please correct the following typo:

    impeding arrival –> impending arrival (2 occurrences in the text)

  2. anon[164] • Disclaimer says:

    But then, there’s soft power. Beijing needs to have the Global South on its side. The United States government knows it very well; no wonder the current hysteria is all about demonizing China as “guilty” on all – unproved – counts of fostering and lying about Covid-19.

    China also needs to separate Europe from the United States. On the soft power front, this can be done through strategic investments in the entertainment industry with the aim of ultimately displacing Hollywood (used generically for music, movies, books, and videogames). How hard would this be? I don’t think it would really be that hard. Hollywood’s revenue is small compared to China’s overall economy. Of course, China hasn’t had a great track record so far in picking properties to invest in, but this doesn’t have to be the case forever. American SJWs have ruined their entertainment industry with extreme political correctness. This would seem to be an ideal time for China to become an alternate financing power for up and coming young artists who don’t want their movies all-female, anti-male, or diversity checklisted. Even if China lost billions, it’s still a good over all investment in terms of PR. Look how well Frozen 2 did. Why? Because it features Europeans without odious diversity included. That’s rare these days. China can’t fund that kind of stuff in order to appeal to Europe and culturally separate them from the Americans? Let Hollywood remake Cinderella with a trans POC fairy godmother. Let China finance (or make themselves) the things the rest of the world actually wants to see. Upshot: People will like China more and the U.S. less. That’s certainly worth a few billion annually.

    • Replies: @Dumbo
    , @showmethereal
  3. Dumbo says:
    @anon

    That’s an interesting idea, but it would have to be with the Chinese being like the anti-Jews and financing European creators, more than being like Beijingwood and trying to sell only Chinese films.

    Why? One, because on average Europeans tend to be more creative, second because it would buy them the soft power they need in Europe, and three, because most people of all races (even Asians!) seem to prefer to see films with white people in them. And I say this as a fan of Asian (well, mostly Japanese) movies. I think it’s just the larger phenotypical variation of white people that is more visually interesting.

  4. A123 says:

    Even China admits that China’s economy is collapsing (1).

    Amid a widespread shutdown of manufacturing operations, industrial production – a measure of manufacturing, mining and utilities activity – declined by 13.5 per cent over the first two months of the year, combined data for January and February showed.

    Retail sales, a key metric of consumption in the world’s second largest economy, fell by 20.5 per cent, again the first decline on record. This was well below the median forecast of a group of analysts, conducted by Bloomberg, which predicted a 4.0 per cent contraction.

    A permanent move away from crisis-fragile, unreliable China based suppliers is underway in the U.S. and elsewhere. Therefore, these losses are not coming back. (2)

    White House Manufacturing Policy Advisor and lead on execution of the Defense Production Act, Peter Navarro, appears on Fox News to discuss the ongoing initiatives to secure, produce and/or manufacture critical healthcare products in the U.S.

    There are multiple reports in media today about the White House assembling a variety of new policies and regulations to go full wolverine on ‘America-First’. USTR Lighthizer, Treasury Secretary Mnuchin and Commerce Secretary Wilbur Ross are leading the effort.

    Congratulations. You have proved that the term Chutzpah must be Chinese in origin. Nothing else could explain the attempt to push a success story when everyone in the entire world, including the Chinese, are admitting failure.

    PEACE 😷
    _______

    (1) https://www.scmp.com/economy/china-economy/article/3075314/coronavirus-caused-dramatic-collapse-chinas-economy-warning

    (2) https://theconservativetreehouse.com/2020/05/04/white-house-advisor-peter-navarro-discusses-america-first-manufacturing-realignment/

    • Replies: @anon
    , @sally
    , @Daniel H
    , @Anon
  5. anon[146] • Disclaimer says:
    @A123

    Even China admits that China’s economy is collapsing (1).

    Desperate propagandist is desperate propagandist. I’m sure they don’t pay you enough for this.

    Bank of America forecasts a ‘shocking’ 22 million jobs lost in April, unemployment spike to 15%

    https://www.businessinsider.com/unemployment-surge-millions-jobs-lost-april-report-bank-america-coronavirus-2020-5?r=US&IR=T

    • Agree: Alternate History
    • LOL: A123
  6. Miro23 says:

    There will be howls of horror at the PBOC potentially capable of seizing anyone’s digital funds or turning off a wallet if the owner displeases the CCP.

    There is that, and I wonder how many governments actually bother to ask what their citizens want from a currency. If they did take the time to ask, then the answers might be:

    – A currency in note values from 5 Euros to 500 Euros (or dollars)

    – No restrictions on depositing or withdrawing any amount in cash or electronically.

    – No explanations required of where it is going or coming from (unless part of an open criminal investigation).

    – Currency and debt issued by a government office (no private central banks) with issuance exactly linked to economic activity. No QE or “Monetarism” or ZIRP ideas.

    – As little government debt as possible.

    – Interest rates set by the free market. More demand for investment /speculation = higher rates.

    – Currency freely exchangeable for other currencies and gold.

    The principle here is that money belongs to citizens in the same way that the rest of their property does, and it is absolutely not the governments affair. “Monetary Policy” is a misnomer when government only prints notes and issues debt to match regular economic activity, rather like it builds and maintains a road network.

    • Replies: @Mefobills
  7. Miro23 says:

    The official Beijing position is that the U.S. dollar should be replaced by an IMF-approved Special Drawing Rights (SDR) basket of currencies (dollar, euro, yuan, yen). That would eliminate the heavy burden of the yuan as the sole reserve currency.

    It’s also rather deceptive that the world has to have a “reserve currency”.

    It’s convenient if all internationally traded goods are priced in US dollars but it generates the need for dollar balances and an unjustified higher valuation for the dollar (since it’s the world’s unit of exchange).

    Rather than a fake SDR, the alternative would be to use real currencies on a case by case basis. If you want to import Russian oil, then buy the required amount of roubles, or to import Chinese whatever, then buy Yuan.

    The advantage here, is that no currency will have a special advantage and will truly reflect the economic situation of the country involved. For example, German exporters currently hide behind the euro as the weaker Mediterranean countries keep its value down (and German exports competitive). And the Chinese have been happy for the last 30 years to have a yuan undervalued relative to the US dollar (helps develop their export industry).

    • Replies: @showmethereal
  8. Anon[397] • Disclaimer says:

    Very reasonable, China, the first country to use paper as money, also the first country to abandon paper money.
    Like we see in many cases, it’s not the competitor under the same system who will end you, it’s the new system.

    • Agree: Alternate History, Andy
    • Replies: @Astuteobservor II
  9. Get Ready for the Next Game-Changer

    A new, radical paradigm shift

    Get ready to be drowned in marketing cliches before the second sentence. Game-changer, eh? New, radical paradigm shift?

    Is that really who we are? That’s not who we are. Tell me it’s not who we are! LMAO

    • Replies: @Anonymous
  10. antibeast says:

    Good article. Here’s my take on the following points raised in the article:

    A key advantage of a sovereign digital yuan is that Beijing does not need to float a paper yuan – which by the way is being sidelined all across China itself, as virtually everyone is switching to electronic payment.

    This is immaterial whether a currency is in paper or electronic form as the financial system for international trade/settlement is now done electronically.

    The digital yuan, using blockchain technology, will automatically float – thus bypassing the U.S.-controlled global financialized casino.

    Correct. The value of a digital yuan is to allow an international trade/settlement system to function outside of the USD-based global financialized casino.

    The amount of sovereign digital currency is fixed. That in itself eliminates a plague: quantitative easing (QE), as in helicopter money. And that leaves the sovereign digital currency as the preferred medium for trade, with currency transfers unimpeded by geography and, the icing on the cake, without banks charging outrageous fees as intermediaries.

    Not necessarily. Bitcoin, for example, is designed to issue more coins based on algorithms encoded in its blockchain network. A sovereign digital currency designed exclusively for an international trade/settlement system could facilitate cross-border money transfers, bypassing traditional banking/financial intermediaries.

    Of course there will be pushback. As in non-stop demonization of neo-Orwellian China for straying away from the whole purpose of bitcoin and cryptocurrencies – which is to have freedom from a centralized structure via decentralized ownership. There will be howls of horror at the PBOC potentially capable of seizing anyone’s digital funds or turning off a wallet if the owner displeases the CCP.

    There’s a tradeoff between centralization and decentralization. Central Banks are centralized authorities issuing paper currencies which confer anonymous ownership. Distributed Ledger Technologies used in cryptocurrencies such as Bitcoin offer decentralized issuance but not anonymous ownership because they can be tracked through their blockchain networks. In practical reality, all digital money today can be tracked because they have to go through banking/financial intermediaries. Whether money flows should be made transparent to public authorities is a policy not a technology issue.

    China is on it, but the U.S., UK, Russia and India are also on their way to launch their own crypto-currencies. For obvious reasons, the Bank of International Settlements (BIS), the Central Bank of Central Banks, is very much aware that the future is now. Their research with over 50 Central Banks is unmistakable: we are facing an “impending arrival”. But who will take the Biggest Prize?

    The current system requiring currency reserves in Central Banks which flows through the international banking/financial system for foreign trade/settlement is obsolete because they’re based on the analog era of paper currencies backed by gold reserves. There is no need for currency reserves in a crytocurrency-based blockchain network because credit is created in real-time and issued automatically by the algorithms encoded in the blockchain network.

    • Replies: @Mefobills
  11. Well connected banking sources in Hong Kong have told me Beijing is not interested for the yuan to replace the U.S. dollar

    They couldn’t if they wanted to. There isn’t enough trust in the dictators who run communist China. And there won’t be for generations to come.

    And they’ll never back it with gold, but even if they did, it won’t mean anything. They could revoke at any time.

    • Replies: @onebornfree
  12. Pft says:

    Well, I can guarantee any digital currency will not be backed by gold since gold has no more value than paper. After all, you cant eat it or do much with it beyond what its already used for and there is plenty of gold for productive purposes,

    What is the real reason for the push behind digital currencies? Keeping in mind China is basically the testing ground for the elites who made China what it is today. The real reason is totalitarian control over every individual. Going digital and eliminating cash means every transaction can be monitored and controlled.

    A hint is the patent taken out by Microsoft and announced a week before Gates left MS last month (Gates is still one of MS largest shareholders)

    The patent is:

    “A sensor communicatively coupled to or comprised in the device of the user may sense body activity of the user. Body activity data may be generated based on the sensed body activity of the user. The cryptocurrency system communicatively coupled to the device of the user may verify if the body activity data satisfies one or more conditions set by the cryptocurrency system, and award cryptocurrency to the user whose body activity data is verified.”

    Social credit here we come. You want to eat, be a good puppy.

    Now, there is a high probability the global elite will move away from the US as the main reserve currency. Thats because its the US turn to be looted and subject to austerity measures (non-elite only), much like the EU nations who gave up control of their own currency and adopted the Euro.

    My guess is the new reserve currency will be carbon based and controlled by a global committee representing the major nations and tied to carbon emissions. Carbon footprints will be monitored and controlled using the new digital currency with 5G and the IoT along with digital ID .

    As an example. With Microsofts new patent, and Big Data monitoring each individuals transactions and purchases, and smart meters monitoring energy consumption, it will be possible to monitor each individuals carbon footprint. Based on this and 24/7 surveillance MS assigns you a social credit score. Based on your score you receive an allotment of carbon credits and an equivalent amount of digital currency deposited to your account. Once you deplete either your allotment of digital currency or carbon credits (based on your consumption), no further transactions will be allowed unless you borrow additional carbon credits or digital currency, at interest.

    Stuff like steak will cost more in terms of carbon credit and digital currency than fake meat. Which is why Gates is also invested in fake meat along with Agribusiness Giants like Cargill and Tyson Food. Explains why meat supplies are being reduced (nothing to do with covid).

    This will also apply on a macro level to countries. The amount of digital currency allotted to each country is tied to its permitted carbon consumption and allotted carbon credits. Countries exceeding either must borrow from the global authority and may be subjected to austerity measures and punitive carbon taxes.

    Something like that anyways.

  13. A crypto currency run by a monopoly doesn’t actually act like the original idea. Only if it is decentralised to the point that China just floats it, accepts it as legal tender, and then leaves it running as a trustless commodity standard, then it will do well. But this is an abandoning of monetary policy, and that is a lot to ask for from any authority. Then again, the Chinese do have it in them to be wise.

    • Replies: @PetrOldSack
  14. onebornfree says: • Website
    @RichardTaylor

    “There isn’t enough trust in the dictators who run communist China.”

    Nor in the dictators who run the US ,or any other country, for that matter. Or if there is, there shouldn’t be [for an individual, that is].

    Bottom line: putting one’s faith , longterm, in any government created/enforced fiat currency, digital or otherwise, is a mugs game. Always was, always will be.

    Regards, onebornfree

    • Replies: @Johnny Walker Read
  15. The amount of sovereign digital currency is fixed. That in itself eliminates a plague: quantitative easing (QE), as in helicopter money.

    So China’s just reinventing Bitcoin, basically. Do you see why some people accuse them of lacking in creativity?

    For obvious reasons, the Bank of International Settlements (BIS), the Central Bank of Central Banks, is very much aware that the future is now.

    So the Rothschild’s BIS is in on it, eh? I feel so reassured now. 🙁

    • LOL: Old and Grumpy
    • Replies: @Senzo
  16. Rahan says:

    *The digital yuan, using blockchain technology, will automatically float *

    They float down here, they all float…

  17. Rahan says:

    On a connected issue, can someone help me out with info?

    These days if you deposit or withdraw 10K in cash, the authorities are instantly alerted. Because “muh Free World”. I read up a bit, and apparently it started circa 1970 when Nixon went after money laundering, and was probably “only going to be applied for a while”, but we know how these things go. Once they start, they spread out and self-perpetuate and even develop defensive sub-institutions.

    What I couldn’t find was–what was the original limit.

    Was it also 10K back in 1970?

    Because an online calculator tells me that 10K from 1970 is today 66K. So if it really was 10K all that time, then this “invisible noose” around the citizen’s freedom to do with his money as he will, has tightened sixfold through mere inflation.

    Anyone?

    Concerning digital currencies and IMF baskets and sheit. I think this is the time to point people to the Soviet “beznal” (базнал) meta-currency for additional research, which was used between their state businesses and factories, and couldn’t be translated into cash, only into goods or service. This financed their industrial revolution back before WWII.

    • Replies: @anon
  18. Senzo says:
    @Dumbo

    “One, because on average Europeans tend to be more creative”

    No, they’re really anything but.

    “I think it’s just the larger phenotypical variation of white people that is more visually interesting.”

    It’s what you’re used to. Chinese from the provinces visiting Shanghai would laugh about how all Europeans look the same, and the men and the women are indistinguishable.

    “because most people of all races (even Asians!) seem to prefer to see films with white people in them. ”

    Why are Kpop and Kdramas so popular the world over now.

    • Replies: @Hacienda
    , @Saul Goodman
  19. Senzo says:
    @Digital Samizdat

    “So China’s just reinventing Bitcoin, basically. Do you see why some people accuse them of lacking in creativity?”

    No, they’re not. Central bank digital currency is not blockchain-based – blockchain is too slow for transactional purposes.

    People accuse them of lacking creativity because a) they’re envious, and b) they’re uninformed.

  20. sally says:
    @A123

    Economics is for each member nation of the nation state system binary..

    Within the nation state the currency works just find.. and if the nation keeps its economic activity confined to the physical boundaries of the nation state in question, then all is well, What makes for rising or falling economy is a nation state that reaches outside of its physical boundaries, then whatever it uses for currency and its internal ups and downs become exposed to the globe.

    Both the USA and China are capable to close their borders and to ignore each other and all those other nation states as well. Inside the USA or China either one, the currency of choice will not matter. its just the higher order of the economy, basically the rich multinational corporations and their Oligarch owners will suffer and even fail.. Hope so actually.

    So Trump and Xi or going to use the populations their govern to face off over who is going to be king of the mountain. very interesting indeed to see if the governed populations go along with the plan. betcha there will be a private internet and bit coin currency.. its already happening.. private parties are putting up space vehicles and will use them to conduct the privately, owned internet which will be out of the reach of government to control. I see instead a private nation state independent system developing in the digital sphere.

    • Replies: @A123
  21. @anon

    Just FYI, the best way to deal with known retarded trolls is to ignore them.

    With zero comment replies.

    This works on real trolls and paid for trolls.

    • Agree: Mustapha Mond
  22. The blockchain is already technologically dépassé. It’s slow and wasteful of electricity. Future cryptos will be built on the hashgraph like that of Hedera: https://www.hedera.com/ .

  23. @Anon

    This will be huge if China actually succeeds and make it work.

    A tip to everyone, diversify your holdings now = across countries, not in a singular country or company.

  24. “But who will take the Biggest Prize?”

    USA, USA, USA …

  25. @Pft

    In that direction, ultimately accounting for resources and energy variables on a planetary scale. Whether to abuse, abstract, or plan some long-term goals. All else is subsequent.

    Thanks for exposing this closer guess. This will be copied and taken credit for by our “fulltime(financed) intellectuals”. These suggestions will be floated in academia. Times are prime for understanding the issues involved.

  26. @onebornfree

    Thanks, all great points. So many here staring directly into the base of the tree in front of them, unable to see the forest that stretches on for miles.
    Lockdowns: looks like an op, smells like an op, walks six feet apart like an op
    https://blog.nomorefakenews.com/2020/05/06/lockdowns-looks-like-an-op-smells-like-an-op-walks-six-feet-apart-like-an-op/

  27. Hacienda says:
    @Senzo

    He calls himself Dumbo for a reason.

  28. Anonymous[156] • Disclaimer says:
    @schnellandine

    Seriously. It is shocking how this site has turned into blatant CCP agit-prop. No country has been a bigger beneficiary of US-led globalism/liberalism than China, and China will be the biggest loser of the collapse of that system.

    • Replies: @Astuteobservor II
  29. Anonymous[156] • Disclaimer says:
    @Pft

    “ Social credit here we come. You want to eat, be a good puppy.”

    Yup. And this site (and the alt-right in general) is one of the biggest cheerleaders for such a thing. But hey, as long as we can debate how many people died at Treblinka, it’s all good, right?

  30. Saddam Hussein tried moving away from the dollar to the euro as the basis for his oil transactions shortly before we invaded and killed him and ruined Iraq, which we and our terrorist friends still (basically) control and plunder at will.

    Muammar Ghaddafi tried moving away from the dollar to a gold-backed pan-African “Dinar”-based currency shortly before we and our NAZO pals invaded and killed him and ruined Libya, which we and our terrorist friends still (basically) control and plunder at will.

    Iran wanted to eliminate the dollar in its oil transactions, and only Iran’s military strength allowed it to (for the time being) escape being invaded, destroyed and plundered via military means, although nearly as effective financial means are being currently employed to slowly strangle them into submission. Very likely once Trumpenstein gets re-elected, he’ll shortly thereafter go full-on murderous zionist butt licker and find/create a reason to attack Iran, ultimately with nukes, to ‘save the Iranian peoples from their dictatorial muslim fundamentalist leadership’ that they (mostly) elected democratically (but who cares about Iranian-style pseudo-democracy, anyway?).

    In all cases, draconian economic sanctions were tried (and failed) before military intervention was ultimately required.

    And now, as America considers enacting even more economic ‘sanctions’ against China (for alleged Covid-19 damages, apparently) China is considering introducing a digital currency, possibly based on a gold-backed yuan, to compete with the dollar, while Washington just equipped its nuclear submarines and bomber jets with low-yield tactical nukes and merrily sent them off to patrol China’s coast, eh?

    Not sure I like where this all appears to be headed……….

  31. A123 says:
    @sally

    Both the USA and China are capable to close their borders and to ignore each other and all those other nation states as well. Inside the USA or China either one, the currency of choice will not matter. its just the higher order of the economy, basically the rich multinational corporations and their Oligarch owners will suffer and even fail.. Hope so actually.

    So Trump and Xi or going to use the populations their govern to face off over who is going to be king of the mountain.

    That is the most optimistic take I have heard. I concur that the Elite SJW Globalist Oligarchs need to suffer and fail.

    The problem is that the U.S. needs to:
    — Close its borders to Chinese exploitation.
    — Remain part of the community of civilized nations.
    Enforceability becomes the catch. Not only does the U.S. have to avoid direct predatory attacks by China, it also has to have sufficient capability to deal with malicious Chinese infiltration by proxy.

    Hopefully other nations brutalized by the WUHAN-19 pandemic will come to the same conclusion about relying on inherently fragile supply chains through China. A robust block would be the best solution for containing China’s aggresion. Alas, it appears that the EU Is already caving. Immediate surrender seems to be the only action that Brown Shirt Macron of France is capable of.

    PEACE 😷

    • Replies: @Mefobills
  32. anonymous[400] • Disclaimer says:

    There will be howls of horror at the PBOC potentially capable of seizing anyone’s digital funds or turning off a wallet if the owner displeases the CCP.

    Yes, well founded fears. Author pens one article of Chinese triumphalism after another. There’s a lot of people who admire what a dictatorship can accomplish, how it can herd the population around for one project after another. After all, the highest value is development above all else. The Chinese are conformists like no other. We can’t do what they do because we’re not like them and furthermore don’t want to be like them. So if we’re inefficient in some ways as compared to them then so be it. Author seems to gloat over the downfall of America but we live here and wouldn’t want to see chaos. The author may visit China but isn’t a permanent resident so he admires them from a distance. Dictatorship of the technocratic elites, gee what a dream come true, can’t wait to get microchipped.

    • Replies: @Mefobills
  33. Mefobills says:
    @Miro23

    The principle here is that money belongs to citizens in the same way that the rest of their property does, and it is absolutely not the governments affair.

    Congratulations on twisted logic.

    The government is the people’s affair. Money’s true nature is law.

    Money and economy have many properties, and one of those can be explained by the Comet effect.

    A comet blasts your your town. Things are in ruins and fires abound. Do people go out to the bank and take out new loans, to then stimulate the local economy? No, they hunker down.

    The comet effect takes counter spending, which no “market currency” can ever do. Spending is required to then demand an output, that of recovering from the comet impact.

    I don’t get mad at gravity for being related to the earth’s mass. Sorry that money is part of the legal nature of civilization, and that we have chosen our creation as the means for settling transactions and debts.

    If somebody wronged you, you would probably one of the first to scream for a judge or “government” to step in to solve the conflict. Maybe even demand money as recompense?

    Money also is in advance of supply. For example, you make goods and wish to sell them into the economy. You have to already have money to pay your supply chain, and potential customers need to be already front-loaded with money.

    This front-loading is a major reason why China built “ghost cities,” that stupid western economists never could understand. China front loaded their money supply via labor payroll, and in return received infrastructure.

    Pepe does a bad job in that he probably doesn’t understand that international flows of “money” are to be isolated from within-nation flows. Perhaps China is also ignoring this iron rule?

    It is not clear in the article exactly how new digital currency would work. He does mention block-chain, and the most recent Singapore conference explored using cell phones with separate internal memory space for block chain keys. This means that your block chain wallet is your phone, and the ledger is authenticated among phone network users.

    • Replies: @Anonymous
    , @Miro23
    , @antibeast
  34. Mefobills says:
    @A123

    A robust block would be the best solution for containing China’s aggresion.

    China’s aggression?

    You have been lapping up mainstream media programming. The locus for the China-didit narrative is the Atlantic Council and Henry Jackson Society. These are the same Russia did-it liars.

    Basically the same neo-con deep state network uses its organs and mouthpieces to spread false narrative. Reuters tells its ((presstitues)) what to say at 4 am, and then all the mockingbirds are singing the same tune by noon. The press is co-owned and interlocked is it not?

    The entire off-shoring of jobs is because of Neo-liberalism, which in turn is a Jewish thought construct. This idea that jobs and capital are fungible goes back thousands of years, as the “merchant” was international and wanted to take rents on money.

    Neo-liberalism took root in England, especially after BOE in 1694. The Colonial system that formed is a function of this ideology, where you extract mineral from your colony, and take increment of production profits at your manufacturing centers. Finance sucks the money out of the colony. The brick road leads to Oz, where finance is located.

    The jobs offshoring to China and other points in far east, was to take wage arbitrage, and much of the off shoring movement was FUNDED by wall street parasites.

    It was a tango with Wall Street (and London) being the suitor. China played along like a good wife, and sucked the wallet and c#ck of the west, to then also suck patrimony vitality out of the west.

    Patrimony was the real gain for China, wall street became a hero, and main-street U.S. became a zero.

    The parasite is in control of America’s brain.

  35. Agent76 says:

    Dec 19, 2015 Sesame Credit: China’s Creepy New Social Engineering Experiment

    Coming soon to a New World Order near you: social credit! Earn points by behaving like the government wants you to behave! Get penalized if you don’t act like a doubleplusgood citizen! What could be more fun? Join me for today’s Thought For The Day as we discuss China’s new Sesame Credit system and the gamification of your enslavement.

    October 15, 2013 The Birth of the ‘De-Americanized’ World

    Beijing Calls for Creation of New “Reserve Currency” to Replace the U.S. Dollar

    http://www.globalresearch.ca/the-birth-of-the-de-americanized-world-beijing-calls-for-cration-of-new-reserve-currency-to-replace-the-u-s-dollar/5354330

    • Agree: Johnny Walker Read
    • Replies: @Anonymous
    , @anon
  36. Mefobills says:
    @anonymous

    There will be howls of horror at the PBOC potentially capable of seizing anyone’s digital funds or turning off a wallet if the owner displeases the CCP

    There has to be a physical representation of money for that reason.

    Three things are in conflict: 1) The true nature of money is law, ergo it firmly belongs as the sovereign’s authority. 2) The sovereign can become insane and power mad. 3) Digital infrastructure can fail.

    Comet effect again, Zombie Apocalypse, or maybe EMP pulse, which wipes out digital infrastructure. Physical money is required for people to operate in a shit-hit-the-fan scenario. Physical money is required for people to band together for revolution.

    Simply from a military defensive posture, it would be stupid to go all digital. Perhaps military strategists are reading this and paying attention…. don’t be that dumbass incapable of gaming future scenarios.

    • Replies: @PetrOldSack
  37. A123 says:
    @Mefobills

    China’s aggression? … You have been lapping up mainstream media programming.

    I have been a outspoken opponent of the Fake Stream Media [FSM]… CNN, MSNBC, NYT, WaPo, etc…

    You have been lapping at the teat of the FSM for your mother’s milk of “Chinadidnotdoit” deception.

    Reuters tells its ((presstitues)) what to say at 4 am, and then all the mockingbirds are singing the same tune by noon. The press is co-owned and interlocked is it not?

    Indeed the IslamoSoros gives out talking points at 4AM to his servitor Mullah press commanders. The FSM outlets submit to their Muslim masters and spin that Muhammadist propaganda almost immediately. Why do you think everyone distrusts the New York (Dhimmi) Times of Islam?

    Violent Islam desperately wants to use FSM fiction to create conflict between Infidels (Jews and Christians) to weaken them for Jihadi extermination.

    The jobs offshoring to China and other points in far east, was to take wage arbitrage, and much of the off shoring movement was FUNDED by wall street parasites.

    Chinese aggressors used collaborators as part of their offshoring attack plan. This is not surprising. And, it is wholly consistent with my position. Ending China’s predatory aggression includes defeating anti-American oligarch c#cks.

    The rise of Christian Populism is founded on ending Elite SJW Globalist collaboration with enemy.

    PEACE 😷

    • Replies: @Mefobills
  38. Mefobills says:
    @antibeast

    Central Banks are centralized authorities issuing paper currencies which confer anonymous ownership.

    Central Banks operate post facto to demands from private bank network. For example, reserves can be found up to 48 hours later from central bank if they cannot be found from other banks. The central bank can influence the “price of credit” by various tricks, such as QE.

    Paper currency at source matches on-accounts, which is another term for bank money. Paper currency is bank money. The mint on-sells paper money to FED at printing cost, and does not take seigniorage. Other countries may take seigniorage on their mint, for example England.

    When you demand paper money at the bank, your on-account decrements. When you deposit paper money, your on-account increases.

    There is no need for currency reserves in a crytocurrency-based blockchain network because credit is created in real-time and issued automatically by the algorithms encoded in the blockchain network.

    Let’s hope the algorithm creators know about unwanted positive feedback, causing systems to go out of control.

    • Agree: PetrOldSack
    • Replies: @antibeast
  39. @Mefobills

    I have to disagree partially here. Lower wage is just a small part of offshoring. Main purpose is to keep profits in countries like Ireland to avoid taxes at home.

    • Replies: @Trickster
  40. Anonymous[156] • Disclaimer says:
    @Mefobills

    Is it possible to explain your economic beliefs without resorting to metaphor?

    • LOL: Mefobills
  41. @Anonymous

    A bitch ass retard who can’t handle differing opinions.

    This isn’t covid 19 where the wrong opinion can kill.

    Go back to vdare or something.

    • Replies: @Poco
  42. Anonymous[156] • Disclaimer says:
    @Agent76

    You’ll notice that Ron’s resident leftists are on record supporting such a horror show.

    • Replies: @Agent76
  43. Mefobills says:
    @A123

    You have been lapping at the teat of the FSM for your mother’s milk of “Chinadidnotdoit” deception.

    Please point out where I said “Chinadidnotdoit.”

    I never said that. The actual reality is that we do not know.

    Human’s seem to want to be my team, your team. Perhaps we are a failed species because of this tendency.

    The reality of life is that it is a statistical distribution of probabilities. If you get into a my team, your team type of narrative, you are already falling for dialectic.

    Is is not entirely possible that both could be liars, and maybe some are lying more than others?

    We live in clown world, where narrative is made up in “think tanks” to then manipulate the sheeple. Sheeple can be brainwashed by narrative if it is repeated ad-nauseum by an owned press.

    No doubt China will also lie if it suits their interests. The chinadidit narrative is the same people who were russiadidit. Same neocon bad (((actors))) are always found if you are willing to look.

    • Replies: @A123
  44. Anonymous[372] • Disclaimer says:
    @Anonymous

    So, no?

  45. Trickster says:
    @Anonymous

    I dont think he will be able to do so ! Mefobills is a tiresome individual. In most cases rather than state a position or opinion he gets on his soapbox and gives a detailed process similar to what one would find in a manual. He would do well as a petty clerk in some obscure government office.

    • Replies: @Mefobills
    , @onebornfree
  46. Trickster says:

    The Chinese Yuan, backed by gold, digital currency blah blah blah. I travel extensively and I can go to the most remote village in Latin America and my cold, hard US dollars will be greedily accepted much as the lot of them hate the US. Other currencies are looked upon like monopoly money.

    If ever one travels to Paraguay visit Ciudad del Este which is a hotbed and cesspool of Chinese merchants and activity. Pull out the Yuan to pay for an item and the merchants might feel disrespected as they already have enough toilet paper. And digital currency ? They wont even give you a second look. But dem greenbacks ?? It’s a deal Bro.

    So all who want to subscribe to the Yuan and digital currency or whatever go for it. I like the feel of paper, the green kind, in my pocket. It is also my protection in case some Government organization sets up a board of Directors (like FB) to play games with my coin. If they quarantined and controlled the whole world population with this silly virus hysteria, imagine what is possible if you dont have access to electronic funds.

    • Replies: @Anonymous
    , @ThreeCranes
  47. Trickster says:
    @Astuteobservor II

    You are quite right, taxes saved are far greater than the saving from lower wages. But now your comment will generate a PHd thesis from Mefobills as to why you are wrong …and he is right.

    • Replies: @Mefobills
  48. @Ilya G Poimandres

    A crypto currency run by a monopoly doesn’t actually act like the original idea. Only if it is decentralised to the point that China just floats it…

    Evidently so, only the author can afford to be deaf to this. The different facets of a digital currency, and it´s possible contexts, how can it be so starkly misunderstood, after so many years of exposure? We here at Unz are inertia incorporated!

    • Replies: @Ilya G Poimandres
  49. anon[399] • Disclaimer says:
    @Agent76

    Doesn’t India has it already ?
    Write something as editor that RSS doesn’t like , you will lose gov ads revenue , you will hear 24/7 assault on you from social media , very soon you can’t travel without being jeered at .

    Doesn’t USA apply sane pressure on Palestinian activities?
    Doesn’t US see same results ? Look at Itham Omar capitulation to Israel ?
    Didn’t Graham ask for forgiveness while Nixon missed it because he was already dead ?
    How many were interrogated and lost jobs because someone ‘ saw something and said something “
    ?

    How many have lost jobs – from both private like CNN and public services because they didn’t follow party lines on Israel ?

    Why nuns are still in jail for protesting against nuclear arsenals ?
    Why don’t we hear criticism of Wall Street , bailout, taxation , defense spending in the government and on the media ?

    Why do people get fired from gov or private for differing in opinions or assessments ?

    Why do blacks or Latinos get picked up by police for failing to behave certain way in public ?

    • Replies: @Agent76
  50. Mefobills says:
    @Trickster

    I dont think he will be able to do so ! Mefobills is a tiresome individual

    Why the butt-hurting?

    Metaphor is a way of communicating that makes it easy for people to understand things.

    Money especially has been made complex, on purpose – to then baffle them with BS.

    How’s that weather in Tel-Aviv?

    • Agree: PetrOldSack
    • Replies: @Anonymous
    , @trickster
  51. @Mefobills

    Digital money is putting the gaming exclusively into the hands of the few, and their infrastructure. Physical money (bills & coins) have longer and larger inertia. It attributes a (small) role to other actors. That small possibility of interference would vanish completely. In case say of a “financial crisis”, there would no longer be the need for one. Digital currency into central control is a far more direct way to herd and control the surplus population, and any outliers within.

    Any gaming would be exclusively the scenario of infighting between the few. It would almost create a glass ceiling between two layers, the surplus populations globally, and on top the few in few clusters. Transparency only top to bottom. The dreaded “end of history” except for major confluence of circumstance. There would be no difference between a Chinese coolie and an Western European one.

    • Agree: Mefobills
  52. Agent76 says:
    @anon

    Sorry, I would love to help you but you will have to put allot of effort for your own answers. I do this daily. Be blessed and God’s speed!

  53. Agent76 says:
    @Anonymous

    History is clear for those who actually know it Anon. “The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary” H.L. Mencken

  54. Mefobills says:
    @Trickster

    You are quite right, taxes saved are far greater than the saving from lower wages. But now your comment will generate a PHd thesis from Mefobills as to why you are wrong …and he is right.

    Of course they save on taxes in places like Ireland. It doesn’t take a phd to notice things like that.

    There are other off-shore entrepot money centers too, where you can hide funds and not be taxed.

    How much was the losses from america losing its patrimony…. generational losses? A couple of decades of GDP foregone. How about losses due to opiod deaths, as people lose hope and kill themselves?

    ooops … that was metaphor like as I linked job losses to opiod crises. Pardon me.

  55. Miro23 says:
    @Mefobills

    Sorry that money is part of the legal nature of civilization, and that we have chosen our creation as the means for settling transactions and debts.

    Well, yes, money is more efficient that barter, and it’s something that the government is responsible for. The point that I’m trying to make, is that it’s nothing special and something in the nature of a utility.

    The problem being, that the US government has lost control of its money. The FED (association of private banks) and their crazy QE induced bubbles/crashes/”rescues”, ZIRP (Zero Interest Rate Policy) enable massive debt issuance to also pay for “investments” like $ trillion Middle East wars.

    Everything to do with money should be organized (by a government office) for the benefit of the public as a simple means of exchange and store of wealth. The fact that it has become an out of control issuance trough to feed special interests is a big failure.

    • Agree: Mefobills
  56. Anonymous[156] • Disclaimer says:
    @Mefobills

    I disagree, metaphor can be used to confuse and mask lack of rigorous and systematic thinking. It may have use in illustrating concepts ONCE they’re explained clearly, but that’s about it.

  57. Anonymous[156] • Disclaimer says:
    @Trickster

    Yes. The US Empire is awful, and doubtless the dollar will someday crash and burn, but the mental contortions these people are going through to rationalize their “China is unbeatable” fantasies are just ridiculous.

    • Replies: @trickster
  58. Daniel H says:
    @A123

    Even China admits that China’s economy is collapsing (1).

    Who knows if China’s economy is collapsing. You don’t know, I don’t know, nobody knows. But I can tell you this, if a nation’s leaders have the absolute will to make sure that bad things do not happen this can go a long way to make sure such bad things do not happen.

  59. A123 says:
    @Mefobills

    The chinadidit narrative is the same people who were russiadidit. Same neocon bad (((actors))) are always found if you are willing to look.

    This assertion appears to be incorrect.

    Team FSM side pushes the myth “Russiadidit” and the myth “Chinadidnotdoit”. The vast majority of backers for “Russiadidit” are fervently pro-China, pro-Islamist, pro-Globalist, anti-American, and anti-Trump.

    Same NeoConDemocrat, SJW Globalist, bad {{{Jihadis}}} are always found if you are willing to look.

    Human’s seem to want to be my team, your team. Perhaps we are a failed species because of this tendency.

    More likely it is an primitive survival trait. “Teams” would initially be tribes or families. Competition for limited resources would favor reliable teams. Loose groups and individuals would generally do worse.

    PEACE 😷
    _______

    • Replies: @Mefobills
    , @KA
  60. Ko says:

    There will be other cbdc’s but only one digital asset that will be pegged to the price of gold, which according to Jim Rickards will be in the range of 13 to 14K per ounce. The digital asset will bridge currencies and payments across currencies in real time. China is already in the mix, there will be no one nation that will have a world reserve currency, fiat or digital. It will be something else. It’s already working and when we have negative interest rates, the market will crash and the new digital asset will Ripple across the world. The New World Order is a worldwide digital asset. Yeah, it’s globalism, but it’s the future. I probably didn’t explain it right, but I’m not a finance person.

  61. Eighthman says:

    I think Digital Yuan doesn’t have to largely replace the dollar, just be used to wreck sanctions.

    Once the US loses its dollar/banking soft power, only military action will be left – which won’t be practical ( losing in Afghanistan, budget woes, snowflake combatants).

    In addition, I wonder if the dollar/Treasuries become global hot potatoes – that get passed around because nobody wants to get stuck with them, once deflation fades away.

    I also think the effort to get away from Chinese production may fade away. Paying more for goods could be a huge tax on a weakened economy and requires years, maybe decades of political commitment that could evaporate. Does anyone remember the Arab Oil boycott? Or Carter solar panels on the White House? Trained, experienced labor may be missing as well.

    • Replies: @Miro23
  62. Mefobills says:
    @A123

    More likely it is an primitive survival trait. “Teams” would initially be tribes or families. Competition for limited resources would favor reliable teams. Loose groups and individuals would generally do worse.

    Maybe, but when I see the same MI6 types from Henry Jackson society working hand in glove with Atlantic Council, then it is not something I can unsee.

    It is the (((usual))) internationalist globo-homos. That they flipped the script from China good to China bad is only understood by them. Perhaps they realized they cannot make China into their Golem?

  63. @PetrOldSack

    It’s Money 2.0 – a tectonic shift unlike any seen for two and a half millennia. We move faster in our technological world, but it will still be a revolution to the system, even if some see it as just a simple evolution. I can’t wait really – so much potential, but the incumbent system is so ancient, and has such a strong advantage! It won’t be enough of course, but the banks will put up a fight – their added value goes to almost 0 in a crypto world! 😀

  64. Poco says:
    @Astuteobservor II

    No, he’s right. Globalism has benefited China.

    • Replies: @Astuteobservor II
  65. @Poco

    Check the amount of money made by USA and China since China joined the WTO. Very comparable amount. But almost all the money USA made went to the top 1%. That isn’t China’s fault. That is 100% the American elites.

    Check.

    Don’t let the elites make you their dumb bitches.

    • Replies: @Poco
  66. @Trickster

    Everything on your list explaining why you like your cold, hard cash are the very reasons they want to flush it out of the system. When it comes to economic forecasting, cash is like the joker in the deck. When everything is digital they think that they will have it all dialed in. Prediction and predictability.

    What burns my ass is that we’re not allowed to take much cash out of the country at any one time. What if we want to quietly buy property abroad? When it’s a bank transfer, nothing can be private.

    • Replies: @trickster
  67. trickster says:
    @Anonymous

    Remember when the Japanese manufacturing were “unbeatable”. Every dickhead executive was reading about and studying Kaisen and all that bunk. If some slanty eyed buck tooth Jap with 4 inch thick glasses said he increased the quality and quantity of his production run by sticking a chop stick up his arse every moron in the west ordered the book and spent all night reading the gobble gook. And Japan now ?? As far as I am concerned the same with China. The day we stop paying $1.00 for a geegaw that cost 0.05c to make is the day China reverts to their main exports which are noodles and Moo Goo Guy Pan. There has to be a reason why THEY stuff themselves in a container and come to the US. I dont see similar traffic in the opposite direction. Hence we must have a superior system and anyone who says otherwise need to carefully consider their logic.

  68. @Mefobills

    Haven’t you noticed how Zionist anons are now 8n agreement with the retards 😎. Should tell you everything you need to know.

  69. A123 says:

    Maybe, but when I see the same MI6 types from Henry Jackson society working hand in glove with Atlantic Council, then it is not something I can unsee.

    This group makes sense. Please continue to see it, in its proper context. It represents Imperial Elite SJW Globalists and the Democrat party. Both Hillary and Biden are logical fits.

    Don’t be distracted by now extinct ties between the GOP and deposed Neocons like former administration member Bolton, Bill Kristol, and George Will. The Neocons are being rapidly culled from the Republican party, although it is still a work in progress.

    The Democrat party is now the Globalist neocon hope to get boots on the ground in Ukraine and Iran. Trump is not foolish enough to do this. Senile Biden could easily sign onto NeoConDemocrat folly.

    That they flipped the script from China good to China bad is only understood by them. Perhaps they realized they cannot make China into their Golem?

    It is actually easy to understand the non-flip by the SJW Warmongers of the Globalist DNC.

    — Russia is Christian. Therefore Putin and Trump are potential allies. They have to be kept apart. Thus, Russiadidit.
    — Trump opposes China’s predatory trade practices. Any opponent of Trump is a friend of the SJW Globalists. Thus, Chinadidnotdoit.

    FSM lies are fairly predictable. They have mouth frothing Trump Derangement Syndrome. Anything that smears Trump and the Judeo-Christian values of Main Street America will be the lie of the moment for CNN, MSNBC, etc.
    ____

    Here is a piece of advice that helped me.

    The old Left-Right scale worked in U.S. Politics for multiple decades. However, Trump stole some “Left” priorities like trade/jobs and avoiding new foreign engagements.

    It is much easier to predict events if you use a Globalist/DNC – Populist/GOP spectrum for U.S. Politics. Admittedly this is also imperfect, but it avoids huge problems that now exist in the prior scale.

    PEACE 😷

  70. trickster says:
    @Mefobills

    As I said you are a tiring ass. your comments are redundant lectures on the financial system that quite frankly are dull and boring. I also doubt any UR readers need your metaphors to understand anything least of all your pronouncements. As for money been made complex, if that is so it is not the people making it complex but the people who THINK it is complex, like you for example. You might be baffled by BS but speak for yourself. As for Tel Aviv, I would not know what the weather is like there. Why not ask your Mother ? You might find her lurking around the IDF barracks, call after sundown !

    • Replies: @Mefobills
  71. trickster says:
    @ThreeCranes

    Well lets say you wanted to buy a small apartment in Brazil. In the South, where the country is more or less the same as in Switzerland you can get a small 2 bedroom apartment for about $30K, close to an international airport, beaches and infrastructure similar to or better than the US. The cost of living is unbelievably low. If you are sure you want to live there (or some other place of your choice) you can make an offer with the vendor holding an open mortgage. A fellow and his wife could fly down a few times a year, separately, taking the maximum allowable, and liquidate the mortgage. If you want to hide your ownership simply incorporate a shell company in New Mexico. If you dont want to be jogging back and forth contact the Brazilian Embassy (or the Embassy of the foreign country) tell them what you want to do and get special permission to take down the full amount. The same applies to purchasing property in South Africa where a 5000 sq foot mansion in the wine district goes for about $280K US. There you can transfer via a SA broker who will prepare all the paperwork for a fee such that if you sell you will be able to repatriate the funds. Believe me, it is not as difficult as you may imagine and many many people including the politicians move their money around to spread their exposure. To your point they want you to keep your cash HERE where they can tap it while theirs is invisible, hard to get to and protected.

    • Thanks: ThreeCranes
  72. Severe meat shortages starting in America while pork exports to China are up 300%. Tell me this is not by design. You China lovers will need to move there to get your meat rations.

  73. KA says:
    @A123

    Soro is an Islamofadcist and Hitler was a Jewnazi working for Ben Guiron .

  74. KA says:

    “The amount of sovereign digital currency is fixed. That in itself eliminates a plague: quantitative easing (QE), ..”
    How is so?

  75. @anon

    The main impediment to what you say is English…. The British Empire – followed by US superpower status is what made most of the world subject to Hollywood ethics brainwashing. There were ready made English speakers ready to eat it up like junk food.

  76. @Dumbo

    Nonsense… European and then American colonialism led to the brainwashing. If Japan had colonized the world in the 1800’s – Japanese anime would have billion dollar worldwide releases and Marvel comics movies would be the niche offering. Basically it would be the exact opposite. Europeans being more creative is nonsense. If China had colonized the world – Peking and Cantonese Opera would be the hot tickets – not the operas that play in London and NY. Likewise -Beethoven wouldn’t be so famous – they would want to know how to play. Children around the world would learn to play Guzheng – rather than violin.

    • Agree: Mary Marianne
  77. @Miro23

    You are correct… But it was never deceptive. The dollar was made to overtake the pound. Bretton Woods and then all the fiascoes that took place up through OPEC and Nixon getting ride of the gold standard. It was always about controlling the globe… Nothing hidden.
    But it is also a big burden that forces a country to maintain a huge military. Like not wanting to be “policeman of the world” – the Chinese are smart to NOT want the yuan to have the burden of being the world reserve currency. It is cheaper and less burdensome for them. They know that. Just like why they don’t want 12 aircraft carriers and 800 overseas bases. It’s too much of a burden. Good for them. Unfortunately US taxpayers don’t vote for those who are of that same mind. People like Ron Paul remain fringe candidates (I don’t refer to him because of his libertarian policies – but regarding the Federal Reserve – military overreach – currency reserve status).

  78. Anonymous[156] • Disclaimer says:

    Astupidobserver II apparently doesn’t observe proper spelling.

  79. anon[119] • Disclaimer says:
    @Rahan

    What is interesting is the submissive acceptance of the people of these sort of practices . Country of the free and the brave .

    I am sure if tomorrow Zionist figured out that carrying cash would be a better proposition ,the Judeonazi would change the law ridiculing the idea on war on terror ( by cash )

    and culture like liking European physique is acquired reinforced by peer pressure , constant harangue of media ,advertisement and lack of alternative
    made by European / American cultural forces .

  80. Poco says:
    @Astuteobservor II

    I attributed no fault. He is right. China benefited from globalism. That does not mean that US elites are not money-grubbing globalist scum.

  81. Miro23 says:
    @Eighthman

    Once the US loses its dollar/banking soft power, only military action will be left – which won’t be practical ( losing in Afghanistan, budget woes, snowflake combatants).

    If the US dollar lost its reserve currency status the US would be in for a rough ride. It wouldn’t be able to fund its (current) defense budget either.

    There’s the real life example of Great Britain.

    The world’s reserve currency up to 1914 was the pound sterling and Great Britain had been the world’s leading manufacturing and trading nation (at least up to 1870). The British Empire ended with WW1 /WW2 and Indian independence (1947). The pound sterling lost its reserve status (to the US dollar) then fell from £ 1 = $ 4 (1946) to £ 1 = $ 1.6 (1978) which is a 60% devaluation.

    Imported world traded goods became 60% more expensive for British people. There were balance of payments crises, industrial strife, exchange controls (limit on Sterling taken out of the country) and inflation briefly hit 25% in 1975.

    If the US dollar lost its reserve status, then the US could expect to go the same way.

    A 60% dollar devaluation would mean inflation (prices on Walmart shelves +60%), the end of the US outsourcing model, shortages as US manufacturing struggles (and fails) to efficiently manufacture everything from clothing to computers, and severe poverty for the US public plus financial crises as the value of US bonds collapse (government/FED can’t issue new debt).

  82. anonymous[161] • Disclaimer says:

    The world has seen what kind of evil hegemons the euRapeans have been. I think it is time to try out a new one, which I am sure I will regret too, for surely it will try to be no less evil than the whitey. There are clear evidences of that even now.

    But, there is one silver lining with the yellow menace. It will never attain the same level of awe which the world seems to have with the civilisation of colourless soulless lowlifes – an awe which includes themselves, which then lets these lowlifes get away with breathtaking hypocrisy… and, Plunder, Murder and Genocide.

    That in itself will circumscribe how much the communist scum can overreach.

    But, for now, death to the Great Satanic empire!

  83. Truth3 says:

    All Fiat Money is Poison.

    Real Money. Metal Coinage. The only True Money authorized by the US Constitution.

    We need to go back to it.

    No more Booms and Busts.

    No more Jew banker theft of the People’s assets.

    No transaction records, no taxation.

    Starve the Beasts.

    Honest & True Money. The only way.

    No Electronic Money. No Paper Money.

    Coins.

    Sterilizable, not traceable.

    Metal… not cotton or plastic or electrons.

    No Jew frauds stealing with tricks.

  84. @anon

    Jobless in the US are already ~33 million. If that’s a success story, I am the Emperor of the East. Chinese economy was also hit, but a lot less.

  85. Anonymous[156] • Disclaimer says:
    @Poco

    Yes. Ever notice how the very first thing Team China does whenever China is criticized, is to start sputtering about how bad the US is?

    • Replies: @Daemon
  86. @Mefobills

    Of course this is what’s happened and (((their))) eternal mindset is constantly Golem=GoodGoyim, AllOtherGoyim=enslaveORslaughter:

    It is the (((usual))) internationalist globo-homos. That they flipped the script from China good to China bad is only understood by them. Perhaps they realized they cannot make China into their Golem?

    Sad to see Tucker Carlson by going on the warpath against China is GolemGoodGoy.

    • Agree: Mefobills
  87. anonymous[161] • Disclaimer says:
    @Dumbo

    Yes, the world does seem to have an unhealthy awe for all things whitey, isn’t it? That much has to be conceded. If that has made you pagan lowlifes so conceited, as you amply display, I think it is only understandable.

    As the “coloureds” of the world fall into the whitey trance, even so far as adopting whatever pagan crap you godless scum peddle, it will be somewhat hilarious to witness the dirty looks those perceived “inferiors” will give their whitey overlords, as you all stand at the gates of Hell. You won’t be feeling so superior then.

    Remember… the larger phenotypical variation of white people that is so damn visually interesting, will eventually damn most of you.

    The real price of your conceit, which I am sure is shared by most of your kind, explicit or subliminal, will be infinitely high.

    PS: Have you considered whether what you say would still be true, if your actors reflected a more average kind of the collective you… you know, like Boris Johnson…

  88. @Mefobills

    The parasite is in control of America’s brain.

    Solution Step 1: Turn off the electric Jew (tv/social media)!

  89. @Poco

    But then what is the point of his comment? China benefitted like the USA? If not to point fingers.

    The point?

    ???

    And notice the anon reply you got for this comment. Understand yet why I wrote my first reply to the anon?

    • Replies: @Poco
  90. d dan says:

    The digit yuan initiative is Beijing’s subtle reply to Washington and several western countries’ calls for Covid-19 “reparation” and lawsuits. The message: when push comes to shove, China can require all goods purchased from China be traded using yuan instead of dollar.

    Not sure whether the message is too subtle for the Trump/Pompeo ilks.

    • Replies: @AnonFromTN
  91. Mefobills says:
    @trickster

    As I said you are a tiring ass. your comments are redundant lectures on the financial system that quite frankly are dull and boring. I also doubt any UR readers need your metaphors to understand anything least of all your pronouncements.

    Butt hurting again? You level nothing very specific, but instead use ad-hominems and emotion. If you have a specific problem, or question then ask it. Nobody cares about your feeeeelings, like a little girl.

  92. Daemon says:
    @Anonymous

    Because the unspoken subtext in all of these years that all China-bashers share is that the country should disarm itself politically, intelectually and culturally and become just another powerless deracinated pawn like the USA.

    Therefore, the obvious and correct course of action is to bring up the fact constantly that the USA is in NO WAY a model to aspire towards, let alone be emulated. Anti-American facts need to be disseminated in ALL channels for truth and justice to prevail.

    The fact you get so butt-blasted by simple facts show you have no way of actually refuting or even justifying them. Because you know deep down your country is trash.

    • Replies: @Anonymous
  93. antibeast says:
    @Mefobills

    Central Banks operate post facto to demands from private bank network. For example, reserves can be found up to 48 hours later from central bank if they cannot be found from other banks. The central bank can influence the “price of credit” by various tricks, such as QE.

    Yes, this is part of the Open Market operations that the Fed conducts regularly which also includes the Repo market. The Fed could also buy US debts — private (MBS) or public (UST) — from private banks to influence long-term interest rates or the “price of credit”.

    Paper currency at source matches on-accounts, which is another term for bank money. Paper currency is bank money. The mint on-sells paper money to FED at printing cost, and does not take seigniorage. Other countries may take seigniorage on their mint, for example England.

    In the old days, private banks issued paper currency backed by their gold reserves. So instead of transferring gold from one bank to another, merchants would just use paper currencies for buying/selling/trading goods/services. Paper currencies do provide anonymous ownership because they’re bearer instruments unlike debt instruments such as bank loans. But nowadays, pretty much anything can be securitized including bank loans such as housing mortgages so they behave like bearer instruments which can be traded in secondary markets all over the world.

    When you demand paper money at the bank, your on-account decrements. When you deposit paper money, your on-account increases.

    Yes, the bank ledger reflects your account balance which is now implemented in electronic form. But bank ledgers still reflect the old ways of traditional banking based on currency reserves issued by a Central Bank. Those bank balances are still “analog” not digital money even though they exist in electronic form.

    Me: There is no need for currency reserves in a crytocurrency-based blockchain network because credit is created in real-time and issued automatically by the algorithms encoded in the blockchain network.

    You: Let’s hope the algorithm creators know about unwanted positive feedback, causing systems to go out of control.

    My original post was meant to clarify the concept of “digital” money as applied to banking/finance. The author confuses mobile payments such as Alipay or Wechat Pay — which are indeed implemented in electronic form — as “digital” money but they’re just digital implementations of “analog” money found in traditional banking/finance. Truly “digital” cryptocurrencies would have no need for bank ledgers as they would exist outside of traditional banking/finance intermediaries.

    Nakamoto, the pseudonym for the creator of Bitcoin, invented algorithms which allow “miners” to compute the “hash” of transaction blocks which are then validated and inserted into the public blockchain. The Bitcoin network acts as the distributed ledger which replaces centralized ledgers as it exists in traditional banking. Bitcoin is truly “digital” money which is independent of any Central Banks as it is completely self-generated by “miners” as they compute the hash algorithm which rewards them for their effort. Interestingly, the algorithms generate new Bitcoins at half the rate after every period wherein a certain number of blocks have been computed. Bitcoin has proven itself as successful as a “proof-of-concept” for a truly “digital” cryptocurrency that can be used in cross-border money transfers as computed, validated and recorded in a distributed network.

    Cryptocurrency is already here. The next step is create policy to make technology work.

    • Replies: @Mefobills
  94. Anonymous[156] • Disclaimer says:
    @Daemon

    Ah yes, the good old “unspoken subtext” ruse. Apparently, Team China can read minds, too!

    • Replies: @Daemon
  95. Mefobills says:
    @antibeast

    My original post was meant to clarify the concept of “digital” money as applied to banking/finance.

    Yes, and you did a good job, thanks for sharing. I’m hopeful that things will work out like you suggest. I’m still curious about “whose credit” especially for international transactions, so if you could keep an eye on that, that would be great.

    Beware of the trickster, he might come after you next, since you are edifying us on how money (or the future of money) will work.

    I think the answer is bitcoin or something like it?

    • Replies: @antibeast
  96. a_german_ says:

    Strange dreamer, there is not enough precious metal in the world to back the currency of a minor state. Simply because you have to divide the tons through so much people, living now.

    That never works and never will.

    China is a country, made of humans. Tell you what, they behave as humans. When they came to power they will suppress others. Like the US Guys who won a cold war but lost the peace.

    You can`t stop winning. Silk road is not more as an selling structure where the money flows the other way. Same with some baskets, which is not more than an intermediate of old strukture destruction.

    You never know whats behind the smile. Maybe, methink the goal is “der Kotau vor dem Drachenthron”.

  97. Anon[119] • Disclaimer says:
    @A123

    https://www.mintpressnews.com/neocon-billionaire-paul-singer-driving-outsourcing-us-tech-jobs-israel/259147/

    Intel invests in Israel employs hundreds and lays off people in USA.

    Microsoft Google Facebook – all have opened 2-3 centers , operating and research divisions employing unit 800 over last 5-6 years .
    Netsnhuooo says that mixing of these giants with Israeli intelligence force and local will create a big impediment to boycotting Israel It is more than that- Israel doesn’t have to spy on anybody ,on any industry or intelligence .
    the information will flow to the temple of satan .

    “ A similar phenomenon has been occurring at another U.S.-based tech giant, Microsoft. Beginning in 2014 and continuing into 2018, Microsoft has laid off well over 20,000 employees, most of them Americans, in several different rounds of staff cuts. Over that same time period, Microsoft has been on a hiring spree in Israel, building new campuses and investing billions of dollars annually in its Israel-based research and development center and in other Israeli start-up companies, creating thousands of jobs abroad. In addition, Microsoft has been pumping millions of dollars into technology programs at Israeli universities and institutes, such as the Technion Institute. Over this same time frame, Microsoft has received nearly $197 million in subsidies from the state governments of Washington, Iowa and Virginia.”

    “ The book — published by the Council on Foreign Relations, where Senor was then serving as Adjunct Senior Fellow — asserts that Israel’s success in producing so many start-up companies resulted from the combination of its liberal immigration laws and its “leverage of the business talents of young people with military experience.”

    “The West needs innovation; Israel’s got it,” wrote Senor and Singer. In a post-publication interview with the blog Freakonomics, Senor asserted that service in the Israeli military was crucial to Israel’s tech sector success, stating that:”

  98. Daemon says:
    @Anonymous

    When you’re a one-trick pony, its harder not to be able to.

  99. How’d this site become so infested with communist scum? Such weak minds.

  100. antibeast says:
    @Mefobills

    Yes, and you did a good job, thanks for sharing. I’m hopeful that things will work out like you suggest. I’m still curious about “whose credit” especially for international transactions, so if you could keep an eye on that, that would be great.

    To create “credit” using cryptocurrencies, the issuer itself would have to back them with its own assets. Today, it’s done through an ICO (Internet Coin Offering) whereby company stock is pledged as the asset but it could be anything that can be monetized: accounts receivables/accounts payables (AR/AP), purchase orders/commercial invoices, business contracts, etc.

    Beware of the trickster, he might come after you next, since you are edifying us on how money (or the future of money) will work. I think the answer is bitcoin or something like it?

    Bitcoin has proven itself to be remarkably resilient due to its distributed nature despite attempts to stall its adoption and negate its influence . But Bitcoin’s strengths which come from its “Proof-of-Work” algorithms embedded in its distributed ledger also make it computationally inefficient, and thus unsuitable for mass adoption and high-volume transactions. What Bitcoin has proven is the technical viability of algorithmic monetarism: using machines to make automatic decisions on monetary policy which affects money supply,i.e., supply of Bitcoins. ICOs go even further because they make IPOs and stock markets obsolete. And the fact that ICOs can and do monetize any asset makes every financial market for any securitized assets obsolete.

    • Thanks: Mefobills
  101. @Mustapha Mond

    The world needs a hard reset anyway. Too much BS and bad blood… and massive overpopulation.

    • Replies: @onebornfree
  102. @Gleimhart Mantooso

    The only true commie shithole on this planet is the neolineral (((West))).
    Chinese are ethnically homogenous or at least 99% claim and seek to be Han people.
    Communism vs Capitalism is a tired, obsolete false dichotomy. The only ism I want is National Socialism, but even they they only named the party that way for pratical reasons.

  103. Daemon says:
    @Gleimhart Mantooso

    Imagine still thinking this is about communism in the year 2020. What a smoothbrain.

  104. Poco says:
    @Astuteobservor II

    China benefited from globalism. The US certainly didn’t benefit from it, only a few money-grubbing globalist US scum did. This isn’t “blaming” China or “criticizing” China for me. It is observing a fact.

    • Replies: @Astuteobservor II
  105. antibeast says:
    @Mefobills

    It is the (((usual))) internationalist globo-homos. That they flipped the script from China good to China bad is only understood by them. Perhaps they realized they cannot make China into their Golem?

    The Wall Street Globalist Elites made a deal with the Dengist Kleptocracy which Xi purged after ascending to power in 2012. That explains why their puppet Obama launched his “Pivot to Asia” against China but which got derailed by Putin’s gambit in Ukraine and Syria. Then anti-globalist Trump came along and nixed the TPP which was supposed to contain China by moving manufacturing industries and supply-chains to other Asian countries. Putin’s intervention in Ukraine and Syria could explain why they’re so hostile to Putin who purged the Yeltsin’s Oligarchy ruling Russia after the Fall of the Soviet Union. That could also explain why they’re so hostile to Trump who has made known his aversion to the whole Globalist NWO project of US Imperialism. In fact, Trump, Putin and Xi are all in the same boat: they’re all nationalists who want to serve the interests of their nations which is antithetical to the oligarchic interests of the Wall Street Globalist Elites who want to pit one nation against another in order to preserve, defend and promote their wealth, power and privileges against the national interests of the USA, Russia and China.

    That’s the real issue. Not russiadidit, chinadidit or trumpdidit.

    • Replies: @Mefobills
  106. onebornfree says: • Website
    @HeebHunter

    “The world needs a hard reset anyway. Too much BS and bad blood… and massive overpopulation.”

    So do me a favor and kill yourself first, asap.

    “Regards” onebornfree

    • Agree: Johnny Walker Read
  107. onebornfree says: • Website
    @Trickster

    “He would do well as a petty clerk in some obscure government office.”

    He probably is- which could be the reason why he/she has so much free time to pontificate his long, boring, pseudo-intellectual, mindless, marxist/statist economic drivel here in the first place. 😂

    Regards, onebornfree

    • Replies: @Mefobills
    , @trickster
  108. @Poco

    My last reply.

    The retarded anon called this website a CCP agitprop, that was what prompted my first reply.

    Now kindly fuck off.

    Fuck off.

    • Replies: @Poco
  109. Mefobills says:
    @antibeast

    The Wall Street Globalist Elites made a deal with the Dengist Kleptocracy which Xi purged after ascending to power in 2012.

    This is important information and makes sense.

    Then anti-globalist Trump came along and nixed the TPP which was supposed to contain China by moving manufacturing industries and supply-chains to other Asian countries.

    Very insightful. To put it into different words: It was globalist internationalists trying to grab power via their linked corporations. International finance capital was attempting a coup on sovereign nation-states. China’s hierarchy does not allow finance capital to supersede political authority. Or, as you suggest, Xi made it clear he was going to look out for the Chinese people, and no longer allow Kleptocracy.

    Putin and Xi are all in the same boat: they’re all nationalists who want to serve the interests of their nations which is antithetical to the oligarchic interests of the Wall Street Globalist Elites

    I’m trying to think of any time in the past when Oligarchy gave up willingly, and did not foment war. Soviet Union disbanding wasn’t really the same.

    I agree, Russiadidit, Chinadidit, Trumpdidit are all symptoms of the same thing.

    The “beast system” has honed its sharp edge for thousands of years, and will fight to preserve itself. War and unnecessary destitution in a world of plenty is my fear. I’m hopeful that the beast system is circumvented by the future of money, preventing destitution.

    • Replies: @antibeast
  110. Poco says:
    @Astuteobservor II

    China benefited from globalism.

    • Replies: @showmethereal
  111. Mefobills says:
    @onebornfree

    Below is an excerpt from former lolbertarian who was strong enough to overcome his brainwashing. You apparently cannot overcome, and instead lash out, a form of deflection and denial. I don’t think you are a gate-keeper, but only a weakling who cannot overcome. Your inadvertent gate-keeping isn’t working by the way, most people who are intelligent can see through it. Keep trying though, it is entertaining.

    https://prisonplanets.wordpress.com/2017/09/30/part-ii-jews-and-the-libertarian-movement-open-borders/

    It’s no surprise that libertarians being overwhelmingly white and individualistic have a soft spot for open borders. They easily buy into the mainstream mantra that “race is only skin deep”. I’ve argued on the boards with libertarians on matters such as racial differences and open borders. They normally come across as either hostile or in complete denial. Libertarians for the most part are also clueless about an NWO conspiracy.

    Libertarians are usually against all authority including religious, parental, and of course the state which benefits the Jewish elites. I myself was a longtime libertarian but I’ve only recently discovered that I was being duped. Libertarians seldom point to any sort of ruling class, let alone a Jewish ruling class. The libertarian movement is essentially a giant gatekeeping operation that actually protects the establishment. They do this by misdirecting your attention towards blaming the government instead of those actually pulling the strings. The government is merely a tool that the establishment uses to enslave the masses. Take a look at the articles on the Mises website. The vast majority is just recycled mainstream media stuff disguised as promoting your freedom and liberty.

    • Agree: Jedi Night
  112. Anon[119] • Disclaimer says:
    @Gleimhart Mantooso

    When Reagan started and Trump finished the strategy of bailing out the richest with the labors of the poorest permanent , I guess.

  113. Dishonorable Sir,

    You were recorded speaking ill of Supreme Leader Winnie the Xi. We have deducted 3507 digi-yuan from your account and stamped your profile with 2 frowning Confucii.

    This has been a warning.

    Baht Supe, District Overseer

    • Replies: @Beefcake the Mighty
  114. @Poco

    Most of the world that were colonizers benefited. China just benefited the most. They had the size and the intelligence.

    • Replies: @anon
  115. Nationalists should applaud the end of the Fed Reserve Note as world reserve currency. Sure things would cost more, at first, but it would spur the return of manufacturing, which would also:

    -Revive the repair and reuse economy
    -end the environmentally unsustainable throw-away economy
    -stop the immigration magnet effect
    -end the ability of the fedgov to run budget deficits forever, which is the fuel source of the federal leviathan.

    • Replies: @showmethereal
  116. This was the plan all along to pit china/russia against UNITED STATES (washington DC) , the winners of this nuclear holocaust would be fake israel . See ralph epperson’s 4 hr video

  117. antibeast says:
    @Mefobills

    Very insightful. To put it into different words: It was globalist internationalists trying to grab power via their linked corporations. International finance capital was attempting a coup on sovereign nation-states. China’s hierarchy does not allow finance capital to supersede political authority. Or, as you suggest, Xi made it clear he was going to look out for the Chinese people, and no longer allow Kleptocracy.

    Xi made the decision to abolish term limits in order to prevent any comeback of the Dengist Kleptocracy which precludes any kind of political opposition in China while Putin is now trying to pull off the same thing in Russia which faces a well-financed political opposition led by pro-Western Fifth-Columnists. That’s why the Wall Street globalist elites pulled off the HK riots which was their latest gambit to subvert the Chinese State while using Russiagate and Ukrainegate to subvert the Trump Presidency.

    I’m trying to think of any time in the past when Oligarchy gave up willingly, and did not foment war. Soviet Union disbanding wasn’t really the same.

    I agree, Russiadidit, Chinadidit, Trumpdidit are all symptoms of the same thing.

    The “beast system” has honed its sharp edge for thousands of years, and will fight to preserve itself. War and unnecessary destitution in a world of plenty is my fear. I’m hopeful that the beast system is circumvented by the future of money, preventing destitution.

    The Fall of the Soviet Union gave the Wall Street/City-of-London Globalist Elites a once-in-a-lifetime chance to sate their Oligarchic appetites which they did fulfill by gorging on a fallen Russia. That is until Putin came along and put a stop to their feast which made them very unhappy.

    The USA is their latest and greatest victim which is why they are so hostile to Trumpism — the populist movement of native-born White Working Class Citizens led by Trump — which poses an existential threat to their oligarchic interests in the USA. Even after Trump is gone, they will do anything to stamp out Trumpism, by any means necessary, until the USA is so decayed and hallowed out that they could no longer prey on it.

  118. Biff says:
    @Gleimhart Mantooso

    When the communists were replaced by the Islamists(scary Arabs) then the scary Arabs were replaced by the Russians(who used to be communists) then they were replaced by Asian Kung-flu’s that are now ditching communism and beating Capitolists at their own game while Wall Street’s “free” market gets a “free” bailout(socialism for the rich) – in all the confusion I forgot who I’m supposed to hate again?

    Tell me who to hate so we can be buddies again?

    • LOL: showmethereal
    • Replies: @Anon
  119. antibeast says:
    @Mefobills

    Money also is in advance of supply. For example, you make goods and wish to sell them into the economy. You have to already have money to pay your supply chain, and potential customers need to be already front-loaded with money.

    That’s called “credit” which is advance money for suppliers and customers.

    This front-loading is a major reason why China built “ghost cities,” that stupid western economists never could understand. China front loaded their money supply via labor payroll, and in return received infrastructure.

    Chinese state-owned banks create “credit” in the form of loans to developers who then build “ghost cities” which serve as assets for developers and function as collateral for banks. Money in the form of “credit” is front-loaded to real-estate which serves as a “store-of-value” as inflation increases its intrinsic value. Western neoliberal economists view those “ghost cities” as wasteful investments with negative ROI because they’re measured only in terms of their current cash flow but not in terms of their future capital gains.

    Let’s say a “ghost city” is built in five years and remains empty for its first year. Western neoliberal economists visit the “ghost city” and exclaims: “Your ROI is zero! Your ghost city is a failure! What a waste of money!” But over the next few years, as more people settled in the former “ghost city”, it reaches 50% occupancy by the tenth year. The city planners could wait another five years before expanding the city or they could start planning another “ghost city” next to the former “ghost city”. So guess what did they do? They built another “ghost city” in five years by which time the former “ghost city” is now fully occupied. The Western neoliberal economists come back and visit the new but empty “ghost city” and exclaims: “We told you so: your ghost city is a failure! What a waste of money! You should invest your money in the stock market!”

    • Agree: Mefobills, showmethereal
    • Replies: @meena
    , @showmethereal
  120. anon[323] • Disclaimer says:
    @showmethereal

    Thats what school and colleges used to teach until WW2 . Now it’s mostly the pre 1967 Vatican, Evangelicals ,politicians not sure how to differentiate between bailing out bank and the economy ,and certain section of CIA and Pentagon deeply immersed in drugs and prostitution .

  121. meena says:
    @antibeast

    Thank you both for explaining

  122. @d dan

    If the US and its sidekicks proceed with their “lawsuits”, that would crash the US dollar w/o yuan, digital or hard copy. This would show that ineptitude and degeneracy of Western elites has no bounds.

  123. Anonymous[113] • Disclaimer says:

    Pepe’s next article: Premier Xi farted. It’s a game-changer!

    • Replies: @Cowboy
    , @trickster
  124. Cowboy says:
    @Anonymous

    Too funny. Peepee wants so badly for the Yuan to be the ruling fiat currency he seems to discount the fact that a fiat currency depends on people buying into the game but even the gooks in other asian countries still want to emulate Americans and absolutely no one wants to emulate a chink.

    • Replies: @Anonymous
  125. @showmethereal

    There are many problems with your hypothetical alternative universe, because it obfuscates the origins of much Western art, science, and technology and the concrete reality of history over the past hundred years in order to try to deconstruct what you perceive as a “myth” of Western creativity vis-a-vis a supposedly latent Asian alternative.

    A lot of Japanese anime (if not most of it) traces its roots to American sci-if, which arose in the context of American/European innovation, specifically the discovery of nuclear power, space exploration, and the rise of computing (all Western innovations)). It’s Americans who created the genre of sci-fi mainly in the 1950s and 1960s (and we can even go back earlier to Jonathan Swift and even Voltaire, with such works as Micromegas, to say nothing of Jules Verne). European exploration is what led to works like Gulliver’s Travels, which in turn inspired Voltaire to satirize Catholic dogma.

    Japan (and China) were technologically-stagnant societies still living at Tang-dynasty levels of development. In fact, for a long time, both China and Japan viewed Western science, technology, and philosophy with skepticism as a kind of cultural encroachment and wanted to avoid importing it into their societies. There would be no such thing as Asian creativity (apart from pre-modern cultural traditions) had it not been for contact with the Europeans, which forced Asia to up its game and adapt to an ever-changing world.

    Your argument about “colonialism leading to brainwashing” might have elements of truth, but it fails to consider the fact that Asians themselves never had any interest in spreading their culture to other people. It was even illegal for foreigners to learn Chinese well into the 18th century. They were closed societies that had no desire to learn from or share anything with the rest of the world. The idea of culture having a cross-cultural appeal is a very Western idea, to say the least.

    Nice try, but Western science and culture is like the air you breathe. You cannot get away from that fact, no matter how hard you try to gin-up Asian creativity and promote a fictional narrative in which Asian movies, music, and art define aesthetic norms.

    • Replies: @showmethereal
    , @antibeast
  126. @Senzo

    To say that Kpop and Kdramas are “popular the world over now” is a just a major over-exaggeration. The girls are easy on the eyes, and that’s the only reason it can be said to be “popular.” Newsflash: many people who say they are into Kpop are not actually into it (anime for a long was like this – people who claimed to like it didn’t actually watch it or have any knowledge of it). The music is just plain childish and appeals to either teenage girls or people lacking identity who want to larp as connoisseurs of international culture. Kpop is more popular in other Asian countries (southeast Asia and China) than anywhere else.

  127. @showmethereal

    “If Japan had colonized the world….” -> and that is the premise that makes your whole what-if, hypothetical scenario pure fantasy. Japan and China never had any interest in “colonizing the world” and were content to continue living like they usually did. They never had any intention of sharing Peking opera with you or teaching you how to play the guzheng. In fact, it was illegal for foreigners to learn Chinese in China for a long time, and foreigners were banned from Japan when the Tokugawa shogunate came into power.

    “Beethoven wouldn’t be so famous” Beethoven is famous because he’s a genius. Sorry, but that’s just the truth.

    Nothing exhibits the politics of ressentiment here more than you.

    • Replies: @showmethereal
  128. @Saul Goodman

    Wow – so you white supremacists don’t even know what “hypothetical” is…? Yikes.

  129. @Saul Goodman

    “Asians themselves never had any interest in spreading their culture to other people”…. Ummm – you basically proved my point. In any event no groups of people are more creative than any other. Only white supremacists think otherwise. It is true when it comes to certain instruments require more technical/mathematical skill than others – but that’s about it.

    • Replies: @Saul Goodman
  130. Anonymous[113] • Disclaimer says:
    @Cowboy

    That’s right. The really hilarious thing is, Poopie and the Team China nut-huggers here would never be allowed to settle in China like so many Asians are in the US. That actually speaks well of China, but you’ll never hear those idiots admit it.

  131. @Anonymous

    @Anonymous [113] You know there are Rules of Logic, right? You’ve presented a strawman argument.

    • Replies: @Beefcake the Mighty
  132. antibeast says:
    @Saul Goodman

    A lot of Japanese anime (if not most of it) traces its roots to American sci-if, which arose in the context of American/European innovation, specifically the discovery of nuclear power, space exploration, and the rise of computing (all Western innovations)). It’s Americans who created the genre of sci-fi mainly in the 1950s and 1960s (and we can even go back earlier to Jonathan Swift and even Voltaire, with such works as Micromegas, to say nothing of Jules Verne). European exploration is what led to works like Gulliver’s Travels, which in turn inspired Voltaire to satirize Catholic dogma.

    That’s a lot of BS. Cosplay which is part of Japanese anime has no equivalent in Western sci-fi. Besides Japanese anime, Asian pop does have cross-cultural appeal such as Kung-fu movies, Yoga, Cantopop, Kpop, Bollywood, Mandopop, etc.

    Japan (and China) were technologically-stagnant societies still living at Tang-dynasty levels of development. In fact, for a long time, both China and Japan viewed Western science, technology, and philosophy with skepticism as a kind of cultural encroachment and wanted to avoid importing it into their societies. There would be no such thing as Asian creativity (apart from pre-modern cultural traditions) had it not been for contact with the Europeans, which forced Asia to up its game and adapt to an ever-changing world.

    That’s a myth invented by Western supremacists to make themselves feel better about the backwardness of their Western societies during much of the so-called “Dark Ages” after the Fall of Rome. China already had a proto-industrial economy at its technological peak during the Song Dynasty, only to be interrupted by the Mongol and Manchu invasions. Admiral Zheng Ho’s voyages during the Ming Dynasty proves China’s world leadership in maritime technology which were exported to and copied by Arabs, Persians and finally Europeans. The Italian Renaissance happened only due to the Byzantine refugees settling in Italy following the Fall of Constantinople from which the Italians learned Classical Culture and scientific knowledge. Spain and Portugal, the first European nations to become world powers, were quite backward culturally, ideologically and technologically and became wealthy only by plundering the Americas, genociding Indians and enslaving Africans.

    Your argument about “colonialism leading to brainwashing” might have elements of truth, but it fails to consider the fact that Asians themselves never had any interest in spreading their culture to other people. It was even illegal for foreigners to learn Chinese well into the 18th century. They were closed societies that had no desire to learn from or share anything with the rest of the world. The idea of culture having a cross-cultural appeal is a very Western idea, to say the least.

    Western pop today is mostly negro-LGBTQ$PC junk produced by Hollywood –Kardashians, Gangsta Rap, Transgender Celebrities, Gay Chic, etc. — which doesn’t appeal much to Asian tastes. The only place in Asia that is highly receptive to Hollywood junk is the Philippines which was a former US colony. Former European colonies in Asia don’t have much European culture today whether in terms of religion, lifestyle, culture, languages, arts, etc. And speaking of religion, much of Asia with the exception of the Philippines have reverted back to their Asian religions — Islam, Buddhism, Taoism, Confucianism, Hinduism — unlike say Africa or Latin America where Christianity is still dominant after being propagated by their Western colonial masters.

    Nice try, but Western science and culture is like the air you breathe. You cannot get away from that fact, no matter how hard you try to gin-up Asian creativity and promote a fictional narrative in which Asian movies, music, and art define aesthetic norms.

    East Asian capital and technology have already displaced much of Western industries in all of Asia: autos, electronics, telecommunications, manufacturing, e-commerce, fintech, etc. Vietnam, for example, became a hot spot for foreign investors after it joined the WTO in 2007. Now you would think that Vietnam would be dependent upon Western capital and technology but the five top investors in Vietnam are all from East Asia. The same thing happened to China when it liberalized its economy back in the 80s and 90s because the main driver for industrialization in Asia is East Asian capital and technology.

    Lastly, the biggest myth invented by Western supremacists is the concept of the “West” which never existed until the age of European imperialism. What existed was the Eurasian World including the Indo-Europeans from Eurasia whose languages, cultures and religions seeded the languages, cultures and religions of Europe before the Semitic religions of Judaism, Christianity and Islam spread from the Near East to Europe. The so-called “West” can’t even claim to represent European Civilization because its tumultuous history is littered with both natural and man-made disasters, one after another. Only Eastern Europe — Orthodox Christianity — can claim to represent European Civilization today as the “West” descends to another “Dark Ages” of negro-LGBTQ$PC junk produced by Hollywood.

    • Agree: showmethereal
    • Replies: @Saul Goodman
  133. @showmethereal

    I’m not a white supremacist, and I’m not just saying that to “cuck,” I actually agree with what you said, which is that no one group of people is more creative than another. I don’t think any one group of people has a higher IQ than another or is smarter or more creative than another. People who you call “white supremacists” more likely than not are just regular people fed up with anti-white jealousy and hatred.

    You also took issue with one guy who posted that Asians might enjoy seeing white-presenting characters. In fact, most anime characters are white-presenting characters with different white phenotypes (blondes, redheads, etc), and in fact, many anime feature Western and specifically German characters (Fullmetal Alchemist, Plunder, Pluto, Monster, A Certain Magical Index, Asuka in Evangelion, etc – obviously I’m a big fan myself)…So they are actually quite fascinated with Western people (as we are with them)..

  134. @showmethereal

    No, your point is wrong. A lot of Western art, music, culture, etc. has broad-based appeal because it’s simply well-made, creative, and original (“Marvel” comics does not count) and that’s not a function of colonialism. I would say the same about a lot of Asian art as well – it’s appealing based on its own merits, which is why it’s appreciate in countries that haven’t been colonized by Japan or China. The hypothetical what-if scenario where Japan colonizes the world simply begs the question: why wasn’t Japan and China able to conquer the world (from a technology perspective), to which someone can say that they weren’t able to innovate to that point. I’m not making that argument here, but some people would. I prefer to chalk it up to their being an inward-looking culture that thinks its too good for other people to appreciate.

    • Replies: @showmethereal
  135. @showmethereal

    If anybody is a “supremacist,” it’s East Asians, including Japanese, Koreans, and Chinese. No one is probably more racist and supremacist than them. I mean give me a break. They literally don’t allow any immigration into their countries and they all have Asian supermajorities in their countries. Korea even has a right of return law that allows foreign-born Koreans to go back to Korea and claim citizenships (similar to Israelia aliyah). Asian countries literally watched and did nothing as Burmese refugees drowned and died on the high seas during the refugee crisis that happened as a result of the persecution of Burmese Muslims. If white practiced the same policies, you would be the first to call them “supremacists.” Do I really have to belabor this point again?? I really don’t want to do this because I respect Asian cultures, but when you go around calling people “white supremacists,” you’re just asking for it.

    • Replies: @showmethereal
  136. @antibeast

    Lastly, the biggest myth invented by Western supremacists is the concept of the “West” which never existed until the age of European imperialism. What existed was the Eurasian World including the Indo-Europeans from Eurasia whose languages, cultures and religions seeded the languages, cultures and religions of Europe before the Semitic religions of Judaism, Christianity and Islam spread from the Near East to Europe. The so-called “West” can’t even claim to represent European Civilization because its tumultuous history is littered with both natural and man-made disasters, one after another. Only Eastern Europe — Orthodox Christianity — can claim to represent European Civilization today as the “West” descends to another “Dark Ages” of negro-LGBTQ$PC junk produced by Hollywood.

    Hey, it’s a bird, it’s fly, no…wait…it’s a Duginist! Imagine my surprise. The “West” never existed? So all of the philosophical, literary, and artistic traditions from Socrates, Plato, and Aristotle, to Aquinas and the Scholastic philosophers in the Middle Ages, all the way to Bacon, Descartes, and the modern philosophers is just of no consequence? European school-children learned Greek and Latin and received a classical education for most of European history. Western cultures has its roots in ancient Greco-Roman civilization, which is why every great work of philosophy is a dialectic with Plato and Aristotle, and why Western intellectuals gave themselves (and their works)Latin names. If anything “Indo-European” is a construct based on conjecture about pre-history going back thousands of years. How far are you going back, 2000 B.C.? 3000 B.C.? By your logic, every human culture can be deconstructed because if you go back far enough, you’ll find that everyone has common ancestry.

    What’s even more of a construct is the “Eurasian heritage” you propose – the idea that Russia and China have some common heritage that could provide the basis for future political cooperation that would result in in a power bloc that could resist the American-led neoliberal order. Other than being raped by Genghis Khan, China and Russia have very little, if anything, in common. They are culturally and linguistically as different as night and day and, in fact, there is underlying tension due to China still holding a grudge about territory being annexed by the Russian Empire. They may be able to have a limited partnership on an ad hoc basis but cannot forge a new kind of world order.

    Eastern Orthodoxy is not going to save the West. It is comprised of ultra-nationalistic churches that constantly bicker and quarrel with each other. Its members probably couldn’t quote a single word from the Bible and don’t even understand the liturgy they hear during church services. At least American evangelicals know their Bibles and understand it at a deep level to the point that they could explain and give an account of their faith.

    Western pop today is mostly negro-LGBTQ$PC junk produced by Hollywood –Kardashians, Gangsta Rap, Transgender Celebrities, Gay Chic, etc. — which doesn’t appeal much to Asian tastes. The only place in Asia that is highly receptive to Hollywood junk is the Philippines which was a former US colony.

    No argument there. Western pop is definitely degnerate, but Russia, in whom you seem to put so much hope, is just absorbing it with more enthusiasm than Americans ever had because in their attempt to gain validation from America and Western Europe, they over-compensate by just taking rap fandom to the extreme. Gangster rap is probably the most popular music in Russia today among Russian youth – in fact, it’s all they listen to. And since Russians only see an image of America that is presented to them by Hollywood, they think that rap and LGBTQ cultural is ALL of American culture.

    • Replies: @antibeast
  137. KlcTan says:

    US Dollar is the biggest rip off and thieving scam in world history.

  138. @Patagonia Man

    How’s that? That Escobar and Unz’s resident lunatic Godfrey Roberts and the rest (I assume the Russians living in Florida are happy where they are) don’t actually want to live in China? That their shilling is motivated by, say, bandwagon jumping or simple dislike of the US Imperium? Maybe, but they clearly think their current, comfortable lives will continue under a Pax Sinica vs Pax Americana. But that’s only possible if China submits to Organized Jewry. If they don’t, i.e. they maintain their national identity, then there will be massive upheaval as the West reclaims it’s identity from Organized Jewry. If useless talking heads like Escobar et al. think they can ride out that storm, they’re more delusional than I thought.

    • Replies: @Patagonia Man
  139. @Anonymous

    Simple reason… Colonists emptied out a continent sized country and needs the bodies to fill it up. Ridiculous comparison

  140. antibeast says:
    @Saul Goodman

    Hey, it’s a bird, it’s fly, no…wait…it’s a Duginist! Imagine my surprise. The “West” never existed? So all of the philosophical, literary, and artistic traditions from Socrates, Plato, and Aristotle, to Aquinas and the Scholastic philosophers in the Middle Ages, all the way to Bacon, Descartes, and the modern philosophers is just of no consequence? European school-children learned Greek and Latin and received a classical education for most of European history. Western cultures has its roots in ancient Greco-Roman civilization, which is why every great work of philosophy is a dialectic with Plato and Aristotle, and why Western intellectuals gave themselves (and their works)Latin names. If anything “Indo-European” is a construct based on conjecture about pre-history going back thousands of years. How far are you going back, 2000 B.C.? 3000 B.C.? By your logic, every human culture can be deconstructed because if you go back far enough, you’ll find that everyone has common ancestry.

    The “West” is not a historical nor a cultural reality, just like the “East” or the Soviet bloc. They’re both artificial byproducts of geopolitical constructs during the Cold War. To illustrate my point, let me cite the case of the first European country to become a world power, Spain:

    When Catholic Spain began the Age of European Imperialism, did the Spanish Conquistadores spread the knowledge of Classical Culture (Socrates, Plato, Aristotle. etc.) to their overseas colonies in the Americas? Were the Spanish Missionaries steeped in Enlightenment Ideas (Bacon, Descartes, Kant, etc.) when they were converting indios to their Catholic religion in Nuevo Espana? Were Spanish settlers practicing the humanistic values of the Italian Renaissance when they were enslaving the indios in the Spanish encomienda system?

    Fast forward five centuries later and the USA has now assumed the leadership of the “West”. But the USA today has nothing in common with Spain back then except maybe that US Imperialism is just as brutal and savage as Spanish Imperialism. The Americans could claim to be the cultural and historical heirs to Classical Culture and European Enlightenment, but the USA is hardly the paragon of classical virtues and humanistic values.

    And speaking of Indo-Europeans, the Germanic tribes — including the Angles and Saxons who are the ancestors of the English people — lived outside of and never became part of the Roman Empire, and thus did not partake in Classical Greek Culture and Roman Civilization for almost their entire history as Indo-European peoples living in the forests of Northern Europe. The only thing they had was their Indo-European languages which came from Eurasia. The indigenous languages of Europe are ethno-linguistically and genetically linked to “Indo-European” migrations from the Eurasian steppe which later formed the Germanic, Slavic, Celtic, Greek and Roman languages. The Indo-Aryans who invaded India and founded Vedic Civilization, likewise came from the same Eurasian origins as did the Indo-Iranians who settled in Persia and Central Asia.

    What’s even more of a construct is the “Eurasian heritage” you propose – the idea that Russia and China have some common heritage that could provide the basis for future political cooperation that would result in in a power bloc that could resist the American-led neoliberal order. Other than being raped by Genghis Khan, China and Russia have very little, if anything, in common. They are culturally and linguistically as different as night and day and, in fact, there is underlying tension due to China still holding a grudge about territory being annexed by the Russian Empire. They may be able to have a limited partnership on an ad hoc basis but cannot forge a new kind of world order.

    The Eurasian World had existed for millennia as a historical and cultural reality prior to the arrival of the geopolitical “West”. In a sense, the Greek city-states and the Roman Empire were part of the Eurasian World as they had commercial and historical links to North Africa and the Near East via the Mediterranean Sea as well as to Eurasia via Anatolia and the Black Sea. China, India, Persia, Byzantium and the various Muslim Caliphates likewise had commercial and historical links to the Greeks and the Roman Empire via the ancient Silk Road. There was no “West” back then, only the World which is Eurasia.

    Eastern Orthodoxy is not going to save the West. It is comprised of ultra-nationalistic churches that constantly bicker and quarrel with each other. Its members probably couldn’t quote a single word from the Bible and don’t even understand the liturgy they hear during church services. At least American evangelicals know their Bibles and understand it at a deep level to the point that they could explain and give an account of their faith.

    The Byzantium did just fine for a thousand years after the Fall of Rome. So did China, India, Persia and the various Muslim Caliphates. Russia and Eastern Europe as well as China and East Asia will do just fine without the “West” led by the USA Empire because it is an artificial byproduct of geopolitical constructs during the Cold War. Just like the “East” which disappeared after the Fall of the Soviet Union, so too will the “West” after the Fall of the USA Empire. What will remain standing is Eurasia which will become the center of the World as it had been for millennia.

    • Replies: @Saul Goodman
  141. @Saul Goodman

    “A lot of Western art, music, culture, etc. has broad-based appeal because it’s simply well-made, creative, and original ”

    yeah you tell yourself that… but there is no convincing you otherwise. Trump thinks everyone loves him too… I get it. yeah the Japanese chose baseball because it is such a compelling sport.. yeah – got ya. blacks loved slavery too… Not everyone is like the native tribes Cortez fooled into thinking he was a god when he sailed across seas… But Rome knew that. “Might makes right”. The rest is sweet talk.

    • Replies: @d dan
  142. @Saul Goodman

    So not interfering in Burma and minding their own business makes them “supremacists”….??? Never mind.

    • Replies: @Saul Goodman
  143. Anon[265] • Disclaimer says:
    @Biff

    Off the top of my head I also remember Japan and Panama (in the 80s), Iran, Cuba, black people (especially inside their own borders), Hispanics, Jewish people (for the vanilla white nationalist), and Canada hehe

    https://www.washingtonpost.com/graphics/2018/business/us-canada-trade-balance/

    Don’t be too glib if your country is not on the list as it means it’s either a pliant vassal or too weak to raise American eyebrows.

  144. d dan says:
    @showmethereal

    Reading some of these white’s rantings is truly a “sight to behold”.

    Art is art precisely because there are no objective intrinsic yardsticks for it. Its acceptance is based on emotion and feeling. Saul Goodman would like you to believe that the popularity of western art is due to its “superiority”. Of course, he probably doesn’t even attend any Chinese concerts but miraculously knows how to “define” those elusive standards and even to compare them.

    Science is science precisely because it is objective and doesn’t belong to any culture. The gloating of the so-called “western science” would be no difference than claiming all paper to be “Chinese” because it was invented by Chinese. If “western science” is the air that we breathe, then “Chinese paper” is the medium that enables those science, and the instrument that cleanses Saul Goodman’s arse after he goes to toilet everyday.

    Finally of course, Asians have the intelligence to implement immigration policy bases on meritocracy rather than some political correct nonsense or racial considerations. Accordingly, Saul Goodman concludes that Asians are “racists”.

    • Agree: Patagonia Man
    • Replies: @Saul Goodman
  145. @showmethereal

    Well, ignoring and not offering help to refugees who are seeking asylum while dying on rafts in the Indian Ocean is not the same as “not interfering in Burma and minding their own business.” East Asian countries are certainly entitled to enforce their immigration policies. The point is that when Western nations likewise refuse to open up their borders in a similar way, they are called “supremacists” and “racists.” That’s not what you said, specifically, but that is what many leftist activist types do.

    However, China and Japan actually have “interfered” in Burma. China supported the military junta in Burma (Whether or not that’s a good thing, I don’t know. I’m not going to debate that), and there are ethnic Han Chinese minorities in northern Burma along with border close to Yunnan Province who do receive material aid from the Chinese government. The Japanese government brought the father of Aung San Suu Kyi to Japan to try to make him a puppet ruler on behalf of the Japanese Empire. In any case, the British obviously were in Burma too. This is all just a side note.

    As far as “Western science and art” go, I was never referring to contemporary pop-culture and things like baseball. For example, the Chinese government today has full authority over what books get published and offered for retail in their country. They could decide to just ban Shakespeare or other Western literary classics like Charles Dickens. If you go to Chinese bookstores,however, you’ll find that the opposite is the case. It’s full of all the classics of Western literature. One of the most common homework assignments given to Chinese high school students is to compare Aristotle with Confucius, using this as a basis for comparing Western and Eastern tradition (it’s a little cheesy but it’s a good start). In fact, they learn more about Western high culture (not pop culture) than Americans do. And no one is forcing them to do it. That was my only point. My point was that to the extent that Western culture has produced good literature and art, the Chinese (and East Asians in general) appreciate it on its merits (and not because they are forced to). Westerners respect and appreciate Chinese/Japanese/East Asian culture on its merits and not because they are forced too – in fact, Westerners should study it more. It’s actually part of Confucian wisdom to learn from everybody, even people from different cultures (三人行必有我师). As far as pop-culture goes, no Western culture is really “forced” upon China (or any East Asian culture), and China (as well as Japan and the others) are more than capable of censoring the stuff that they don’t like, which China often does and which is totally the smart thing to do. Hence, China censors most Western music (including gangster rap) and Western movies.

  146. @d dan

    Art is art precisely because there are no objective intrinsic yardsticks for it. Its acceptance is based on emotion and feeling. Saul Goodman would like you to believe that the popularity of western art is due to its “superiority”. Of course, he probably doesn’t even attend any Chinese concerts but miraculously knows how to “define” those elusive standards and even to compare them.

    It’s funny how you use direct quotes around the word “superiority” even though I never actually used that word. In fact, I never made any of the arguments that you attribute to me. I was responding to a hypothetical situation proposed by another poster where Asian art “defines” aesthetic norms, and I never implied that there are “objective intrinsic yardsticks” for art. In fact, my point was that Western art (to the extent that it is good art, representing Western high culture, with Beethoven being cited as an obvious example), is appreciated on the basis of its merits in Asian society, just like Westerners similarly can appreciate Asian art on its merits without having to live under Asian colonial rule.

    Finally of course, Asians have the intelligence to implement immigration policy bases on meritocracy rather than some political correct nonsense or racial considerations. Accordingly, Saul Goodman concludes that Asians are “racists”.

    Yes, I used a straw-man here to make you upset. How does it feel? You don’t like it? Then don’t use straw-man rhetoric against me, which is what you are doing in this post and what other users have done. As far as Asian immigration policy goes, I see it as a very good model to be imitated. It is not “meritocratic” – in fact, there is hardly any immigration allowed into East Asian countries, if any at all. It is somewhat “racial” – Korean immigration law allows people born of Korean parents overseas or who can demonstrate Korean ancestry to get fast-tracked for citizenship. In any case, I have no problem with it.

    Science is science precisely because it is objective and doesn’t belong to any culture. The gloating of the so-called “western science” would be no difference than claiming all paper to be “Chinese” because it was invented by Chinese. If “western science” is the air that we breathe, then “Chinese paper” is the medium that enables those science, and the instrument that cleanses Saul Goodman’s arse after he goes to toilet everyday.

    Sure, science is “objective” and “doesn’t belong to any culture” whenever people don’t want science and technology invented by Western people to be understood as such, that is, as being invented by Western people (inventing calculus, determining the structure of DNA, cataloguing all of the elements of the periodic table, going to the moon, inventing quantum theory, etc.). Science is no longer “objective” when we want to acknowledge the contributions of minorities and other cultures. In that context, we can talk about gunpowder, paper-making, and the compass as being “Chinese” and not simply “objective.” People talk about Einstein’s “Jewishness” whenever he’s mentioned in the context of discussing the historical origins of general relativity (Poincare is never mentioned, of course). But when it comes to inventions, technology, and scientific knowledge by Western people, it has to be regarded as “objective” and universal, not belonging to any specific culture. How convenient from the standpoint of leftist activists.

    • LOL: d dan
  147. @antibeast

    The “West” is not a historical nor a cultural reality, just like the “East” or the Soviet bloc. They’re both artificial byproducts of geopolitical constructs during the Cold War. To illustrate my point, let me cite the case of the first European country to become a world power, Spain:

    When Catholic Spain began the Age of European Imperialism, did the Spanish Conquistadores spread the knowledge of Classical Culture (Socrates, Plato, Aristotle. etc.) to their overseas colonies in the Americas? Were the Spanish Missionaries steeped in Enlightenment Ideas (Bacon, Descartes, Kant, etc.) when they were converting indios to their Catholic religion in Nuevo Espana? Were Spanish settlers practicing the humanistic values of the Italian Renaissance when they were enslaving the indios in the Spanish encomienda system?

    Actually, they did. The Catholic missionaries (Jesuits, Dominicans, Franciscans) were quite well-read and opened seminaries and schools where they DID teach classical culture. And they WERE steeped in Enlightenment ideas. Whether or not they taught Kant or Descarte to indigenous Aymara and Guarani is not a metric for determining whether or not they were part of a Western identity, let alone for presuming that such an identity doesn’t exist at all. But there intention was not to spread Western tradition – their goal was to spread Christianity. And also, not living up to ideals and values that you espouse is not the same as never having had those values to begin with.Even so, there are many liberation theology activists who will use your examples to argue for precisely opposite point, which is that they spread a kind of Christianity that was mostly Western in character and maybe a vehicle for propagating Western values and traditions.

    The Eurasian World had existed for millennia as a historical and cultural reality prior to the arrival of the geopolitical “West”. In a sense, the Greek city-states and the Roman Empire were part of the Eurasian World as they had commercial and historical links to North Africa and the Near East via the Mediterranean Sea as well as to Eurasia via Anatolia and the Black Sea. China, India, Persia, Byzantium and the various Muslim Caliphates likewise had commercial and historical links to the Greeks and the Roman Empire via the ancient Silk Road. There was no “West” back then, only the World which is Eurasia.

    There’s no “Eurasian world.” This is just a construct that you want to believe. You take umbrage with the idea of the “West,” saying it’s a “construct,” but then you go on to substitute other “constructs,” which are less plausible and have less of a firm footing than that of the “West.” Apparently, you are wiling to go all the way back to pre-history and maybe even the Neolithic age to demonstrate that there was a “Indo-European” in order to deconstruct the idea of the “West.” Having “commercial links” to other countries doesn’t mean you are some part of greater civilization with them.

    • Replies: @KA
    , @antibeast
  148. @Jedi Night

    You are correct… Those are the people who will vote for Ron Paul and the like…. The rest expose themselves as being closet imperialists who don’t want to give up the empire..Sort of like the Brits.

  149. @antibeast

    Yeah it amazes me how clueless people are about the so called “ghost cities”. China has 300 million more people it needs to urbanize to be at the same level of most developed nations… But you explained the source of the delusion very well.

  150. @Beefcake the Mighty

    “Poopie and the Team China nut-huggers here would never be allowed to settle in China like so many Asians are in the US. That actually speaks well of China, but you’ll never hear those idiots admit it.”

    No, its a strawman argument. The whole point of being a free and independent sovereign nation (as the USA was up to the passing of the Federal Reserve Act, 1913) is you can make your own laws. China (with four times the US population in almost the same land area as the ‘lower 48’) is perfectly entitled to decide its own population & immigration policy as much as the USA can determine its. In addition, given the Chinese Government previously decided that China was overpopulated and had implemented the One Child Policy (since relaxed) why, on earth, should it allow foreigners to live there as permanent residents/citizens?

    The real reason why the USA runs such a generous immigration policy, not to mention the allowing the annual Weapon of Mass Migration (WMM) from Latin & S. America, (how’s Trump’s wall going?, hehe) is because it helps drive down real, i.e., as adjusted for inflation, wages – for the benefit of the alien billionaire oligarchs who have inserted themselves above the democratically-elected political authority of your country, Citizens United being the most notable example.

    If you truly loved your country and truly loved having the right to cast a ballot in elections – you could be calling out how the USA has fallen under state capture by a consortium of private banksters and alien billionaire oligarchs who over-ride political authority – instead of finger-pointing at other countries.

    I have a genuine affection for Americans – who are a much too trusting, big-hearted, generous bunch of people – but honestly, most of you have the IQ of a houseplant!

    • Replies: @Anonymous
  151. Anonymous[156] • Disclaimer says:
    @Patagonia Man

    I really have no idea what any of that has to do with the delusions of the CCP shills.

    • Replies: @Patagonia Man
  152. KA says:
    @Saul Goodman

    West,” saying it’s a “construct,”

    West has become an acceptable construct after USA won the WW2 and transcended the ingrained biological racial religious cultural hatred that defined Europe for millennia post Rome .

    Even US had to fight various ways to get rid of hyphenated existence . All empire become an entity until they are not .

  153. @Anonymous

    Thank you for demonstrating my point.

    • Replies: @Anonymous
  154. antibeast says:
    @Saul Goodman

    Actually, they did. The Catholic missionaries (Jesuits, Dominicans, Franciscans) were quite well-read and opened seminaries and schools where they DID teach classical culture. And they WERE steeped in Enlightenment ideas. Whether or not they taught Kant or Descarte to indigenous Aymara and Guarani is not a metric for determining whether or not they were part of a Western identity, let alone for presuming that such an identity doesn’t exist at all. But there intention was not to spread Western tradition – their goal was to spread Christianity. And also, not living up to ideals and values that you espouse is not the same as never having had those values to begin with. Even so, there are many liberation theology activists who will use your examples to argue for precisely opposite point, which is that they spread a kind of Christianity that was mostly Western in character and maybe a vehicle for propagating Western values and traditions.

    The reason why I cited the case of Catholic Spain was precisely to point out your own contradiction (highlighted in bold) between what Western liberals claim as their moral superiority based on their Western values against the actual history of the “West”. Western history books today as written by Western liberals omit any mention of the Spanish Conquest of the Americas which started the five centuries-long American Holocaust of the indigenous tribes and Mesoamerican Civilizations in the Americas which had nothing to do with Western “values”. Western liberals don’t include the Spanish Conquistadores as part of their imagined “West” because it doesn’t fit their historical narrative of inventing their geopolitical “West” based on Western liberalism. So they start off with the Italian Renaissance, proceed to the Protestant Reformation and thence to the Industrial Revolution and finally the French and American Revolutions. This cherry-picking of the “fake history” of their imagined “West” is designed to prove the moral superiority of their Western liberal values.

    There’s no “Eurasian world.” This is just a construct that you want to believe. You take umbrage with the idea of the “West,” saying it’s a “construct,” but then you go on to substitute other “constructs,” which are less plausible and have less of a firm footing than that of the “West.” Apparently, you are wiling to go all the way back to pre-history and maybe even the Neolithic age to demonstrate that there was a “Indo-European” in order to deconstruct the idea of the “West.” Having “commercial links” to other countries doesn’t mean you are some part of greater civilization with them.

    There’s no need to reconstruct the “Eurasian World” because it had existed throughout millennia of world history with Greek, Roman and later Byzantine Europe interacting with Semitic, Islamic, Persian, Buddhist, Hindu and Confucianist Civilizations. The idea of the “West”, on the other hand, was a geopolitical construct which split Europe into two opposing halves: “West” vs “East”. As such, the geopolitical “West” is entirely artificial because European Civilization had always existed as being both “West” and “East”. The Roman Empire, for example, encompassed both “West” and “East” with the Western half of the Roman Empire (“West”) descending into the so-called “Dark Ages” while the Eastern half (later called Byzantium or “East”) preserved European Civilization for a thousand years after the Fall of Rome. Today, the successor to the Roman Empire is the EU which is neither “West” nor “East” but “European” because it represents the continental Civilization of Europe based on its Greek-Roman-Christian-Indo-European roots.

    The USA today is the “West”. But how “Western” is the negro-LGBTQ$PC culture of gangsta rap, gay marriage, homosexual priests, transgender children, negro worship and animalistic sex-drugs-rock-n-roll lifestyle being produced by Hollywood? Do Europeans in the EU want to adopt the negro-LGBTQ$PC culture being promoted by the USA Empire to replace the Greek-Roman-Christian-Indo-European roots of their continental European Civilization?

    Lastly, the Eurasian roots of Indo-European languages has already been proven by scientific evidence to have emerged in the Pontic Steppes in Eurasia. The Indo-Europeans who settled in Europe became Europeans while the Indo-Aryans who invaded India became South Asians while the Indo-Iranians who settled in Persia and Central Asia became Persians and Central Asians. This Eurasian linkage has been proven by both genetic and ethnolinguistic evidence.

    • Replies: @Saul Goodman
  155. Anonymous[156] • Disclaimer says:
    @Patagonia Man

    Uh, you’re welcome?

  156. @antibeast

    No contradiction. You didn’t highlight my whole quote. As I said, the missionaries were well-versed in classical traditions (i.e. Aristotle, Plato, etc.) and did teach it everywhere they went. You obviously don’t know that much about the Spanish Catholic missions (specifically the Franciscans, Dominicans, Jesuits), the Catholic Church, or even the Spanish Empire of that time. All you seem to know is a caricatured version of it. And you just cherry-pick different aspects of history as it suits you to construct a narrative that promotes your ideology.

    • Replies: @antibeast
  157. antibeast says:
    @Saul Goodman

    We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

    So what happened to these self-evident truths contained in the Declaration of Independence of the United States of America? Or is the Declaration of Independence just a sham document to conceal the truth behind the founding of the USA?

  158. trickster says:
    @Anonymous

    LOL Disclaimer. Pepe also seems to forget that his namesake in Colombia liked to collect his revenue in US dollars. His henchmen, namely Otto, Pinina, Popeye and El Mugre also liked their salaries paid in US dollars without the usual payroll and tax deductions. Give these boys payment in Yuan and they would decline stating that they already had enough toilet paper.

    ALL of South America, Africa and I am sure other parts of the world want:
    1. The US dollar and
    2. They want it in cash

    Cowboy also makes a very valid point that I dont think many people have even thought about.

    The digital Yuan will come into existence one day and a three legged donkey can run in the Kentucky Derby and win !

    • Replies: @Anonymous
  159. trickster says:
    @onebornfree

    Check this out. I have been looking at this bozo’s comments for sometime now. A Mefo Bill, if I remember my finance correctly was a financial instrument was a promissory note used to finance Adolph’s rearmament back in the 1930’s. Here we now have a “German Connection”.

    Now in the past I have gotten after this idiot because he portrays himself to be some sort of financial guru but most of the time I cannot understand what he is saying. To complicate and irritate further he just goes on and on such that one stupid comment is fortified by another.

    When I took him to task, the poor fellow disappeared from Unz and commentator “AMON” came to his rescue. I wondered what was going through his empty head since Amon was the first name of the German Camp Commandant in Schindler’s List by Steve Speilberg. Another German connection !

    When I got after this new identity both Mefobills and Amon disappeared from the site and a new character “Jedi Knight” appeared defending both Mefobills (Bozo #1) and Amon (Doofus#2). Here we have another connection it seems to me. Jedi being a character from Star Wars, a film it seems Speilberg and Lucas had some collaboration and some of Stevie’s money may have been invested in the project. Further “Knight” is of course a heavy Germanic term from their battlefield decoration the “Knight’s Cross”. Yet another connection between the handles of these three wannabe German stooges.

    One can accuse the Trickster of grasping at straws BUT, over time I noticed that when I get after one he disappears and the other appears OR one writes a supporting comment for the other. The sentence construction and terms used are also very similar and the articles they comment on are almost always the same. The dialogue is also generally nonsensical.

    My conclusion is that all three are the same person. There is a psycho malfunction somewhere that one person wants to perversely masquerade as three buffoons. How freaky and retarded is that ?

    • Replies: @Anonymous
    , @Mefobills
  160. trickster says:
    @Anonymous

    Dont ever ask Mefo the time. You will get a history of the fucking clock going back to the the sundial of Cromagnon man and most of what he says will be utter shit, sorry, I meant metaphorical !

  161. Anonymous[156] • Disclaimer says:
    @trickster

    Yes. The digital yuan appeals to two kinds of people: Wall Street shysters who never saw a con they thought they couldn’t leach on to, and left-wing dingbats who think it’s their moral duty to prostrate themselves before the CCP (aka unz.com’s new core readership).

  162. Anonymous[202] • Disclaimer says:
    @trickster

    That’s right, the original Mefo was just a shell game to help the German government get around the restrictions of Versailles (not that there’s anything wrong with that). The new Mefo thinks it was a remarkable financial innovation that led to German prosperity. Another example of how, if you take a Wall Street conman and switch his expensive suit for cheap lederhosen or a silly chairman Mao uniform, the far right and far left will soil their pants with glee.

    • LOL: Trickster
    • Replies: @Mefobills
    , @Mefobills
  163. @Mustapha Mond

    The difference is that China is a technologically advanced, wealthy country with a well funded military, decent weapons, a huge high IQ population, and high productive capacity. They’d be going up against a bunch of Afro-Latino ex-cons and drug addicted hillbillies from the Rust Belt. Hillbillies and ex-cons could knock over Iraq because Iraq was not a powerful country. They’re not going to be able to achieve the same thing in China.

  164. Mefobills says:
    @trickster

    We are not different persons… you are looking for connections that don’t exist.

    This means you are unhinged.

    With regards to how the Mefobills work, I have delineated that exactly.

    You can find it in my comment history, if you make an effort. If you don’t understand something, then ask for clarification.

  165. Mefobills says:
    @Anonymous

    Bills of credit existed long before the Mefobill or Oeffabill.

    The original colonies in the Americas issued bills of credit.

    If you don’t understand something then ask.

    Assuming everybody is a con-man makes you looks unhinged, the same as trickster.

    The MEFOBILL was subterfuge to get around normal banking issuance of purchasing power, to then hide the mechanism from the west.

    It doesn’t matter though because it is an excellent way to direct purchasing power.

    Germany was surrounded by Western powers with armies many times the size of Germany’s.

    What would you do in the same circumstances?

  166. Mefobills says:
    @Anonymous

    Mefo thinks it was a remarkable financial innovation that led to German prosperity.

    In my comment history I have explained exactly how much purchasing power was injected into the economy with the Bill System.

    I have also listed the sources.

    It simply was a financial innovation. I don’t think it… it happened.

    Much history has been obscured or changed, and it is up to you to rid your brain space of false constructs.

    If you squeal like a little girl when confronted with a different reality, that is not my problem.

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