☆ Yσɠƚԋσʂ ☆
The gradual dawning upon liberals that their cherished notion of living in a functioning democracy is nothing but an illusion is a perpetually amusing spectacle, providing endless entertainment for those who have long recognized the harsh realities of political power structures of capitalist society.
They mean a supranational currency aimed at transforming international trade settlement that sounds very similar to the idea of Bancor that Keynes proposed. The key idea is to establish a common unit of account and clearing system for international transactions. This would prevent the dominance of national currencies in international trade, promoting a more equitable financial system that’s not dominated by the currency of any single country.
This concept would tackle persistent trade imbalances by incentivizing countries to maintain balanced trade, as excessive surpluses or deficits would incur penalties. The idea also has potential to enhance financial stability by countering speculative capital flows that often destabilized exchange rates and caused financial crises.
The article doesn’t mention it, but it’s also difficult to bring their money with them due to strict transfer limits. China is shedding its parasite class, and the leeches are migrating to their natural environment.
That’s such a ridiculous piece of propaganda. There tons of videos of FABs being used with meter precision to hit Ukrainian lines. The actual reason they’re not being used is that it’s a weapon for breaking dug in fortified lines, and Ukraine hasn’t had a chance to make any in Kursk. It’s absolutely incredible what sort of nonsense people will fall for when they have no clue on the subject. Here’s a detailed explanation for those interested.
When your whole economy is organized around private ownership then the role of the state is to primarily mediate between different capitalist interests. It’s not like California has public sector capacity to deliver large scale projects that way state owned enterprise does in China.
