Master Class on Dollar Hegemony
213How the US has descended to using the US$ as a weapon against enemies, competitors and friends alike.
"The larger the US balance of payments deficit is, the more it spends militarily and politically around the world, the more foreign central banks end up financing the domestic budget deficit so that the US Treasury doesn't have to borrow from US investors - it doesn't have to create money itself...
Well, that means that foreign countries are, in effect, financing the costs of surrounding them with all of the military bases... in case you fail to follow the University of Chicago and IMF financialization, they will use the military lever to convince you to follow the IMF.
So the question is, how do China, Russia, Iran and other countries break free of dollarization, of this circular flow that is self-financing American military spending by forcing the costs onto dollar holders? Well, the answer obviously is not to use the dollar."
"The larger the US balance of payments deficit is, the more it spends militarily and politically around the world, the more foreign central banks end up financing the domestic budget deficit so that the US Treasury doesn't have to borrow from US investors - it doesn't have to create money itself...
Well, that means that foreign countries are, in effect, financing the costs of surrounding them with all of the military bases... in case you fail to follow the University of Chicago and IMF financialization, they will use the military lever to convince you to follow the IMF.
So the question is, how do China, Russia, Iran and other countries break free of dollarization, of this circular flow that is self-financing American military spending by forcing the costs onto dollar holders? Well, the answer obviously is not to use the dollar."
- These users thanked the author Ogee for the post (total 2):
- Krunal Gajjar, Chickenspicy
A very good analysis
214It's a very good analysis, pretty much as what I was watching the US doing.
But on the other hand, with Russia having already banned using the USD and with the BRICS gaining fast momentum, with even a financial powerhouse like the Saudis (don't underestimate the oversupply of the Petro dollar created by not using it) joining them, the establishment of the New Development Bank as a counter weight to the IMF, using their own money transaction system to be independent on the Swift and the plan to create their own currency pegged to the gold standard ,runs contrary to what he says about Central Banks having to buy US treasuries. Well I know Bill Gates has been in China meeting with Xi, trying to convince him that he wants to invest his ill-gotten Covid Vaccine USD Billions there.
China has been selling off huge amounts of US treasuries the past years at increased pace. Funnily Belgium has been by far the biggest buyer of those. Not because they are so eager to own those. nope, they are acting as the store front of the FED who is the actual buyer. Well, they are allowed to print money as much as they want, isn't it.
So it has yet to be seen whether the steadily increasing oversupply of the USD doesn't actually put an end to US plans to control this planet with their currency.
But on the other hand, with Russia having already banned using the USD and with the BRICS gaining fast momentum, with even a financial powerhouse like the Saudis (don't underestimate the oversupply of the Petro dollar created by not using it) joining them, the establishment of the New Development Bank as a counter weight to the IMF, using their own money transaction system to be independent on the Swift and the plan to create their own currency pegged to the gold standard ,runs contrary to what he says about Central Banks having to buy US treasuries. Well I know Bill Gates has been in China meeting with Xi, trying to convince him that he wants to invest his ill-gotten Covid Vaccine USD Billions there.
China has been selling off huge amounts of US treasuries the past years at increased pace. Funnily Belgium has been by far the biggest buyer of those. Not because they are so eager to own those. nope, they are acting as the store front of the FED who is the actual buyer. Well, they are allowed to print money as much as they want, isn't it.
So it has yet to be seen whether the steadily increasing oversupply of the USD doesn't actually put an end to US plans to control this planet with their currency.
- These users thanked the author RplusT for the post (total 2):
- Ogee, Krunal Gajjar
BlackRock & ESG
218BlackRock CEO Larry Fink said he's no longer using the term "ESG" (environment, social and governance) because it is being politically "weaponized" and he's "ashamed" to be part of the debate on the issue.
https://www.axios.com/2023/06/26/larry- ... d-desantis
https://www.axios.com/2023/06/26/larry- ... d-desantis
BREAKING: GERMAN IFO BUSINESS CLIMATE ACTUAL 88.5 (FORECAST 90.6, PREVIOUS 91.7)SVB Bailout News
220Financelot @FinanceLancelot
2h
BREAKING: The FDIC "mistakenly" releases complete version of a document showing U.S. government spent $12,700,000,000 to bail out 10 wealthy depositors amid banking crisis in March.
10 depositors had $13.3B in SVB, that's why the FDIC bailed them out.
(Spoiler alert: They were Chinese accounts)
This wasn't about systemic risk, it was about bailing out the billionaires who were caught.
2h
BREAKING: The FDIC "mistakenly" releases complete version of a document showing U.S. government spent $12,700,000,000 to bail out 10 wealthy depositors amid banking crisis in March.10 depositors had $13.3B in SVB, that's why the FDIC bailed them out.
(Spoiler alert: They were Chinese accounts)
This wasn't about systemic risk, it was about bailing out the billionaires who were caught.
- These users thanked the author Ogee for the post:
- Chickenspicy
