 The world is headed for a multipolar economy that will no longer be dominated by the dollar. This doesn't mean that the dollar will be going away any time soon, but it does mean that dollar based economy will shrink and with it the power that US wields over the world. The CIA boss has urgently flown to Saudi Arabia to express US "frustration" that peace is breaking out in the Middle East against the wishes of Washington. India will offer its currency as an alternative for trade to countries that are facing a shortage of dollars in the wake of the sharpest tightening in monetary policy by the US Federal Reserve in decades. ChatGPT leaking Samsung chip secrets 😆 Protesters storm BlackRock’s Paris office holding red flares and firing smoke bombs Macron said that under no circumstances nuclear weapons be deployed outside the territory of states. I couldn't agree more. I couldn't agree more. https://www3.nhk.or.jp/nhkworld/en/news/20230407_02/ Segment Anything Model can identify individual objects in images and videos, even those not encountered during training licensed under Apache-2.0 Beijing has effectively frozen high level bilateral diplomatic contact with US in the wake of the Chinese spy balloon incident in February. https://www.politico.com/news/2023/04/05/china-contact-united-states-00090495 A debate on the topic "Is the Chinese system better than the American/European one at providing stability, prosperity, and freedom?" https://www.youtube.com/watch?v=8eGa6i2DY3A spoiler If we lose the Internet Archive, we’re screwed https://www.sbstatesman.com/2023/04/04/if-we-lose-the-internet-archive-were-screwed/  @yogthos In China, most historical news pages and government release pages were removed, while many other types of lifestyle articles were left unaffected. Many people believe that this may be to prevent the government from keeping its promises, and the powerful willfully guide the public's emotions to satisfy their own interests. OECD labels gas and other fossil-based technologies climate-friendly https://www.commondreams.org/newswire/oecd-labels-gas-and-other-fossil-based-technologies-climate-friendly a great read on the real cost of interruptions China on track to triple its terawatt-scale wind and solar target https://reneweconomy.com.au/china-on-track-to-triple-its-terawatt-scale-wind-and-solar-target/ > Second, China continues to rely almost entirely on business taxes, collected through a value-added tax on business-to-business transfers and a corporate income tax. Since 1990, these business taxes have made up between 60 and 75 percent of tax revenue. Consumption taxes (7 percent) and individual income taxes (6.3 percent of total revenue in 2021) are relatively unimportant. The remaining 15 percent of government revenue comes from central and local fees. this is also very cool Denmark former minister arrested for telling ppl US was spying on European countries. Turns out that revealing US crimes is considered a crime under the US-led Rules Based Reich. https://apnews.com/article/politics-denmark-49bac780e26f1ff348d6c417df4beea0 @yogthos This is not a story of an honest politician who turned whistleblower because he believed the truth would bring justice. No, this is the story about a shitty reactionary ghoul who couldn't keep his mouth shut when bragging about what a good and useful tool he was for the Americans. Domestic Chinese IC designers are expected to move toward the 4nm manufacturing process in the next 2 to 4 years https://asiatimes.com/2023/03/huawei-nvidia-pushing-chip-war-boundaries/ |
Gregory's Server
@yogthos The dollar being the world's principal trading currency has effectively allowed the US to extract rent out of everyone who traded commodities round the world, because they had to hold dollars in order to do so.
Of course, that rent-seeking opportunity is not disappearing, it's just switching to China. Big economic powers will always systematically benefit from market economies at the expense of the poor.
@yogthos Good.