Joncash2

Not really. They even mention in the article that they did this twice last year. It's literally what they do year in and year out. It would almost be stranger if they didn't do it. However, this is all testing waters. Every year they do it to see how the international community responds. It lets them know how much power they have in negotiations.

Now what you just pointed out. The lack of any real response this time may very well encourage them to do more. But as of right now, it's business as usual. I mean unless you think shooting rockets this time instead of ballistics is an escalation.

You are right in a sense. For example, Russia literally forced that situation. However, there simply isn't enough RMB globally for it to work. China would have to take on a lot more debt for that amount to be possible. China can choose not to as they've consistently shown. However, if globally the world decides in unison to ignore this, they'll deflate the Chinese yuan considerably forcing China to take on the debt. In many ways that's already happening to China's chagrin. However, I believe since China really doesn't want this they'll figure out a way to enforce currency swaps. I could be wrong obviously, but that's clearly the direction China wants to go.

That's what I'm saying, yes.

And there you see what I'm saying. Let's ask this a different way, are any of those analysts living in a nation where currency swaps are common? It's like people with horse drawn carriages saying cars will never take off because the roads are made for horses. That happened, it seems insane now but many people at the time believed horses would be forever.

*Edit. This is also how the Russian economy didn't collapse and we couldn't understand why. We just kept putting more sanctions on to increasing uselessness.

Because what you are saying ignores everything BRICS is doing. All BRICS nations are copying China's currency swaps. None of them are using the RMB as a reserve currency, except for Russia. If 120 nations can do it in unison, why can't Europe fall in line as well?

Sure, because that's the western answer to everything. The west created this system, therefore we can't possibly see any other way of things working. China, developed their own way. Instead of trying to understand it, the Westerners default into the RMB must become the reserve currency, because the west is too ignorant to understand what China has created.

*Edit. Thus China is winning. The west doesn't even try to understand how they are winning, instead they use their systems to try to understand China. So all they see is what China wants them to see. Like China wants you to think their economy is weak and the west falls for it. It's stunningly ignorant.

We have to make sure the left continues to support Israel. If that means acquiescing to every single Trump demand, then so be it. - Chuck Schumer

They don't hate each other. It's far more complicated than that and is the reason this detente might work. Koreans hate the Japanese because of WW2. The Japanese view the Koreans as slaves, worse because of the refugees from the war, they're treated like slaves in Japan. You want to talk about human rights abuses, Japan has that on lock. So the Koreans continue to hate Japan.

Japan and Korea fear China. And rightfully so. China protects N. Korea. Which is an US enemy, so if S.Korea wants USA protection, they too have to hate N.Korea. But this means they have to fear China. Japan fears China because they did the same thing to China in WW2, and fear a Chinese reprisal, though they don't enslave the Chinese in Japan.

So, for the detente to work. China needs to convince S.Korea that under their protection, N.Korea won't attack. And Japan just has to fall in line and understand Korea is on equal footing with Japan. I'm not saying it's easy, but if USA really does remove itself, then these pieces have to fall in line.

I'd bet a trillion dollars that the trade won't shift to the RMB. The main reason is simple, that's not what China wants. I'm so tired of western analysts not understanding a god damn thing about what China is doing. They see the US wanting the dollar to be the main trading currency so they assume because USA wants it, China HAS TO WANT IT BECAUSE CHINA HAS TO OPERATE EXACTLY THE SAME WAY. It's so ignorant it makes me puke. It's the same thing with them droning on and on about war with Taiwan.

How about we take a I dunno a god damn minute to see how China is changing trade? Currency swaps. I'm not going to delve deep into how it works, research it if you're curious. But basically the countries exchange like a trillion dollars and every time a transaction occurs, money is pulled out of that pool. The reason China loves this is because essentially no monetary transaction has occurred. If you were ever wondering how China keeps growing as their trades on swift go down, this is how. The best part is nothing is transparent about any of this. China can show or hide what ever the fuck they want. Which leads directly to articles about China lying about their economy. Which they are, as the IMF discovered China is hiding trillions and trillions of currency from these exchanges. This isn't me saying this, this is the god damn western IMF saying this.

So then, if this is working for China, someone needs to explain why the fuck China would even want to be the main trading currency.

Tens of thousands? That's it? Are MPs that cheap to bribe? Mien Gott, Hitler should have just purchased his way to victory.

Good point, this is why we must all be against common sense gun laws in America.