Nazis & Soviets Together

originally posted by: paraphi
a reply to: Quintilian

10% of Saudi oil goes to China.

Perhaps, but according to various sources over 25% of their crude oil exports go to China. The Saudis are also investing heavily in Chinese refineries, and also building a new refinery there (on line in 2026).

If China and Saudi Arabia agree to buy oil in Chinese yuan that's OK. It does not herald then end of the world, and the collapse of the US and the developed world.

Good for the west then, as there's nothing they can do about it anyway. The massive Sinophobia campaign and war posturing must just be for fun.

Normally this sort of thing would be a shortcut to being "Gadhafi'd" in some US inspired regime change. If that doesn't work (for those helpless enough) there is a huge over rated military arm of of Wall St. to help out.

This is only a beginning. The number of countries interested in bypassing the reach of the "United States of Sanctions" is growing and the ball is rolling. It'll take a while to take effect though, and to settle on a suitable commodities backed system.

People trade in the currency that they feel offer stability, and commodity prices usually expressed in a stable currency, such as the USD. That's not going to change because China want to use the yuan.

Lol. That' so Pollyanna it could have been written by the State Dept.

It's changing as we speak.

The US led west is fast losing relevance. Politically, militarily and economically.

By mid century GDP's are going to be far more aligned with population numbers. So there will be big winners and big losers. Guess the losers.

The most traded currencies are the US dollar, the Euro, the Japanese Yen and Sterling (UK pound). The yuan is far behind, and it is not used internationally. The yuan won't be used internationally because it's not trusted.

The yuan has been used internationally for a while now. The present aggressive push by China is likely to be an interim measure. Soon enough there will be a large bloc of countries using a commodities backed currency, or basket of currencies. Enjoying the hubris that believes the present system is going to stay.

" There are decades where nothing happens, and there are weeks when decades happen" to quote a another Russian Vlad. We are now in one of these times.

Who would trust a yuan?

Quite a few, as it turns out?

a reply to: Quintilian

the multipolar world is here but the exceptionalists wit their exceptionalism will take some time playing catch up especially the non us variety who are totally disconnected from reality.. they stick to their guns as their fabled Brussels pivots to China to help sort peace out in ukraine..

i've been following a few european steams where you have a multiple takes across the spectrum, but the thing is its actually happening and the multipolar world is here..

the thing is for these folks is the are also mostly pro lockdown even though china used western lockdowns to get where it is now so their staunch defence of lockdowns has given us an unintended outcome they can't accept.

its all quite fascinating.

originally posted by: ScepticScot
a reply to: Quintilian

China's GDP per capita (PPP) is about a third of the US, India is even further behind neither of these countries is on track to eclipse the US in the next decade.

The World Bank...

"China's gross domestic product (GDP) in PPP terms overtook the USA's in 2013"

The IMF...

According to the IMF in 2014, Chinese GDP, no longer calculated in dollars but in purchasing power parity (PPP), outstripped that of the USA

Russia can't even control the regions it claims to annex. Reality isn't a game of RISK where you win by expanding territory.

Except when the Ukraine has a push forward, then it is "a game of RISK (whatever the hell that means) where you win by expanding territory". Then it's all over for the Russians.

Under no circumstances is having large parts of your country annexed by your enemy considered "winning". Your spin fails.

Russia damaged its economy, lost the biggest consumers of its main exports, massively expanded its border with NATO, shown it's military to be largely incompetent and isolated itself from the a huge chunck of the worlds richest countries. There is now no realistic scenario where Russia ends this conflict anything other than much worse than before it started it. So yes Russia isn't just loosing it has aready lost.

Wow, Russia did all that and have been fighting with shovels and no supplies for the past year due to a collapsed economy? Incredible effort.

Couldn't you also have thrown in some "Putin is the next Hitler" trope?. Should be obligatory.

However thank you for confirming the damage Putins invasion has done to Ukraine. Maybe you could reflect a bit more on that.

Jesus young fella, get over yourself. It might be lost on you but I neither started this war nor have any say in how it proceeds. So your fake moralising might be better directed at Zelensky and Putin. Although as they're unlikely to be morons they will also find your lecture about as genuine as a five dollar Rolex.

Zelensky didn't have to massively increase attacks by upping the shelling of his own people, or amass troops poised on the edge of the Donbass. He could have tried bringing the peace he promised before gaining his position

Unfortunately for him the war mongers that really control Ukraine sovereignty and who started this whole thing with a coup and funding of extremists had different ideas, ones that didn't involve peace.

a reply to: Quintilian

I said per capita GDP. You even quoted it in your reply. If you are unsure of the term then feel free to ask rather than posting irrelevant links.

I didn't say Ukraine was winning There aren't any winners in this completely unnecessary war. I said Russia has already lost .

The conflict in Donbas was supported by and funded by Russia, which then uses that conflict as a justification for invasion. That is pretty much straight out of the Hitler playback so thanks for reminding us all of the comparison.

I think you should reflect on the economic damage and deaths that are the direct result of Putin's invadion. Not sure how you get from that I am holding you personally responsible.