Comments by "k98killer" (@k98killer) on "laowhy86" channel.

  1. It's technically not even US dollars being traded -- it's just called that. The international monetary system is a network of networks of private banks using double-entry accounting and leveraged clearing/settlement systems. They just write "USD" next to the numbers in their ledgers.
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  2. The Taiwanese constitution still claims the mainland as its territory, so neither side has been living in reality since their civil war.
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  3. The topic of the actual international monetary system, capital flows, and the difference between reserves and currency is a very detailed and -- for nerds like me -- interesting rabbit hole to dive down. I've been scrounging around these tunnels for several years now. The idea of "dedollarization" is not at all new, but it could easily be picked up for a psyop campaign at the right time. Before even watching the part after the "is it true -- did the world dedollarize" question, I'll just say this: many large, foreign, governmental institutions have diverisified their reserves away from US Treasuries because they got spooked by the sanctions against Russia; however, the dollar as a global unit of account, trade settlement medium, and debt denominator has basically never been stronger. There is more foreign USD-denominated debt than at any time in history, and USD has a larger share of trade settlement than at any time in at least recent history. The world uses dollars more now than it did before the commie coof scamdemic.
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  4.  @redslate  except that the vast majority of "USD" transactions do not have any actual USD transacted -- it's all ledger entries created by off-shore banks. For it to be real USD, an entity in the US would have to issue the currency units rather than an offshore bank. The trust in the global monetary system is placed in an international banking cabal, not the US Treasury/Fed/banks.
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  5. China has room to grow -- it just doesn't have the strength or competence to grow.
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  6. Send this video to your representative, especially if they are aligned with the MAGA movement. They'll get on Google's ass about this if enough of them know. Edit: I contacted my rep and both senators. I framed it as a megacorp undermining our country and supporting our greatest geopolitical rival. That should do the trick.
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  7. So, how many days before China collapses? (⁠ ͡⁠°⁠ ͜⁠ʖ⁠ ͡⁠°⁠)
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  8.  @rioluna6058  it's a joke based upon the recent trend concerning the threatened mortgage protest.
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  9. Chinese demographics are collapsing in real time; the working age population will be half its peak in a couple of decades. The living standard will decrease with the labor pool. Even if the Chinese Communist Parasite persists, it will still lose a lot of power as the Chinese economy shrivels up. Right now, it looks like the Chinese banking system is at risk of further collapse, but that is not necessary for China to lose a lot of power and global prestige.
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  10.  @lenu323  "why" is a dangerous question that should be left to philosophers.
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  11.  @VandalsGoths  it is not a one-for-one relationship. Global banks are levered up and created a bunch of additional currency units on their balance sheets.
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  12. "The rules are simple: they lie to us, we know they're lying, they know we know they're lying but they keep lying anyway, and we keep pretending to believe them." - Elena Gorokhova, A Mountain of Crumbs
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  13. The subprime collapse led to the global financial crisis because the assets were mingled with the collateral necessary for international money markets and fiduciary functioning, and the resultant hybrid assets were used as collateral; when the subprime loans went bad, it dragged down the entire swathe of assets they were mingled with and wiped out most collateral in the system, so credit froze. The losses to American banks due to the subprime loans themselves was small compared to the losses caused by the collateral implosion. With China, the bad real estate assets are owned by investors in China. The ongoing collapse in Chinese real estate (which perhaps should be renamed "real fake-estate") is unlikely to contaminate global money markets and fiduciary functioning because nobody outside of China was dumb enough to buy into their bubble. However, a deflationary impulse is expected because banks and international investors do have some exposure to bonds issued by the giant developer companies that are up shit creek sans paddle (30+ out of the 50 largest are in default right now from what I've heard). Primary effect will be a regional depression in Asia and recession elsewhere; secondary effect will be rising consumer prices as Chinese exporters fail to deliver to markets that import a lot of Chinese goods. If JPow misinterprets the secondary effect, he'll contribute significantly to the primary one with more bad policy. (It's almost like having a central politburo to declare interest rates is a bad idea.)
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  14. The modern populist movement in America is fundamentally libertarian in philosophy. We want to shrink government and get it out of our lives, not give it more power, because we have seen too many abuses of the power it currently has.
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  15. They are hoarding grain because their grain storage was destroyed by floods.
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  16. The government of West Taiwan has completely lost whatever sense it had.
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  17. To be fair, no other country can honestly claim to meet satisfied Popeye.
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  18. Hopefully the people of China can oust their oppressors and welcome back a truly republican down of government as exists in Taiwan.
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