- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Regarding BRICS Moving Away from the US Dollar as the World Reserve Currency
Posted on 4/7/23 at 8:42 pm
Posted on 4/7/23 at 8:42 pm
How does China get away from the fact that the US consumes most of its exports by long shot. That would seem like the biggest hurdle.
10
Posted on 4/7/23 at 8:46 pm to Friedbrie
China thinks/acts in decade time frames, not a couple of years.
Posted on 4/7/23 at 8:57 pm to Friedbrie
quote:
How does China get away from the fact that the US consumes most of its exports by long shot. That would seem like the biggest hurdle.
Why? It's not like US businesses nor consumers look long-term enough to sacrifice lower prices for economic stability (and eventually national security).
Posted on 4/7/23 at 8:57 pm to Friedbrie
Order all us citizens and companies home. It will hurt, but hurt them and their population even worse. They may nuke us tho
Posted on 4/7/23 at 8:58 pm to Friedbrie
quote:
How does China get away from the fact that the US consumes most of its exports by long shot
Are we going to quit buying things like medicine to boycott?
Posted on 4/7/23 at 9:00 pm to TSLG
No
Posted on 4/7/23 at 9:11 pm to LSUSUPERSTAR
quote:
China thinks/acts in decade time frames, not a couple of years
People need to stop parroting this. The Chinese are just as short sighted as everyone else. And now that China isn't really even China anymore (its the People's Republic of Xi) it's only getting worse.
This post was edited on 4/7/23 at 9:12 pm
Posted on 4/7/23 at 9:41 pm to Friedbrie
Timelines don’t bother Authoritarian leaders when they’ve got such a stranglehold on the structure
Posted on 4/7/23 at 10:02 pm to bostitch
"You take the sanctions that are onMoscow and you put them on Beijing you get a de-industrialization collapse complete with a famine that kills 500 million people in less than 18 months".
says Peter Zeihan
says Peter Zeihan
Posted on 4/7/23 at 10:50 pm to Timeoday
quote:
You take the sanctions that are onMoscow and you put them on Beijing you get a de-industrialization collapse complete with a famine that kills 500 million people in less than 18 months".
says Peter Zeihan
He's correct. Block the Malacca Strait and the Timor Sea and China dies within 2 years, tops. That's the cross you bear when you have 1.4B people and no oil or food.
Posted on 4/7/23 at 11:23 pm to Friedbrie
China doesn't they are playing a shell game with Russia and pounding Russia's ppop chute the entire time.
FWIW, not just the USA but EU as well.
Half the crude oil from Exxon's Guyana FPSO goes to Europe, none to China. China is 25% partner with Exxon in this field. China is a partner with quite a few oilfields in the USA and Canada.
We could all remember that 99+% of journalists and media talking heads are clueless and never really dig into details. They just want headlines that can generate views and ratings. It matters next to nothing if they seem right wing, left wing or middle of the road.
FWIW, not just the USA but EU as well.
Half the crude oil from Exxon's Guyana FPSO goes to Europe, none to China. China is 25% partner with Exxon in this field. China is a partner with quite a few oilfields in the USA and Canada.
We could all remember that 99+% of journalists and media talking heads are clueless and never really dig into details. They just want headlines that can generate views and ratings. It matters next to nothing if they seem right wing, left wing or middle of the road.
Posted on 4/7/23 at 11:28 pm to momentoftruth87
quote:
Order all us citizens and companies home.
They're coming home anyway. Not by government edict, but by free market capitalism. American/Mexican/Central/South American labor is cheaper now and we can improve efficiency by shortening supply lines and avoiding the security entanglements of Asia. USMCA is about to boom.
Posted on 4/7/23 at 11:57 pm to Friedbrie
quote:
How does China get away from the fact that the US consumes most of its exports by long shot. That would seem like the biggest hurdle.
First, they know we can’t and won’t live without Chinese goods. We’re too soft on a personal level and too greedy on a corporate level. This goes for Europe too. In fact, the EU just admitted last week that they cannot survive without China.
Second, China is shifting more trade to Russia, India, the Middle East, South America, Asia, and Africa and are outmaneuvering us in diplomacy in these areas.
Third, they know the Chinese people are tougher than we are as a people.
Fourth, they know American politicians are corrupt and can be bought.
Posted on 4/8/23 at 1:37 am to Friedbrie
I don't think the "brics" is intentionally trying to topple the US. they are just offering an alternative. most countries that trade in US dollars have guarantee of shipment safeties via our blue water Navy. China is willing to offer shipping security and insurance.
Brics wants to base their currency off commodities like oil, uranium, agricultural products, rare earths minerals. The US can still operate on its rainbow imperialism agenda. meaning if you're not LGBTQXYZ friendly you will get regime changed and the beautiful US made missiles will destroy your cities.
Brics on the other hand offers trade agreements without the baggage of guaranteeing Muh female empowerment and rainbow flag waving propaganda.
Brics wants to base their currency off commodities like oil, uranium, agricultural products, rare earths minerals. The US can still operate on its rainbow imperialism agenda. meaning if you're not LGBTQXYZ friendly you will get regime changed and the beautiful US made missiles will destroy your cities.
Brics on the other hand offers trade agreements without the baggage of guaranteeing Muh female empowerment and rainbow flag waving propaganda.
Posted on 4/8/23 at 5:50 am to bostitch
quote:
quote:
China thinks/acts in decade time frames, not a couple of years
People need to stop parroting this. The Chinese are just as short sighted as everyone else. And now that China isn't really even China anymore (its the People's Republic of Xi) it's only getting worse.
Thank you, thank you, thank you. They are so far thinking so strategic that the communist party decided to take all the peasants land, set up govt farms.....and then figure out after 60 million people starved to death, that the govt didnt know squat about farming.
Or the same govt that decided to stop having kids and now has a lopsided demographic that is crippling them.
Oh they have existed for 1000s of years, uh you forget that part about Kublai Khan kicking their arse or the Japanese in WW2, or the fact we now have Taiwan and the CCP. Most of the world's countries have existed long before the CCP.
Posted on 4/8/23 at 8:43 am to trinidadtiger
China sure did a great job at cornering the market on rare earth metals, APIs for our essential drugs, and getting a foothold in countries around the world while weakening our position. When it comes to critical mass for their population to eat, they will kill the old or send the young to war.
Posted on 4/8/23 at 8:51 am to Timeoday
quote:
says Peter Zeihan
Thanks for this. Googled him and found his Rogan episode. Everyone interested in China v US should give this a listen.
Applying his perspective to BRICS makes more sense than "China is winning". They have to do this because, unlike the US, none of the brics countries have the demography or resources to survive on their own.
Our politicians being in the pockets of China has almost nothing to do with a 100 year plan and everything to do with our politicians being cheap whores. Doesn't take a tywin lannister, GoT type political schemer to come up with a grand strategy of "lets give the whores some money and they'll do stuff for us later".
Posted on 4/8/23 at 9:24 am to Friedbrie
This is why China is on the move around the world. They look to continue growth while possibly losing American market. Their influence has increased multi-fold in last 10 years. Either their presence catapults them or the lack of it makes these 3rd world countries worse off. Either way China has to at this point because their home front has problems of great proportions
Posted on 4/8/23 at 9:26 am to LSUSUPERSTAR
quote:
China thinks/acts in decade time frames, not a couple of years.
Wrong. They are even more shortsighted than the US and their country is teetering on the edge of ceasing to exist.
Posted on 4/8/23 at 9:27 am to Friedbrie
As long as the U.S. remains one of the top economies in the world, people will still want dollars.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News