preview of what’s waiting for them in the afterlife

i’m reading a breakdown of U.S. debt by michael hudson and uhhhhh… this is making my head hurt

Well, let me spell out just how this system works. Suppose you go to, you could do what America does and in miniature. Suppose you go to a grocery store and you buy food and other household items. And when the cashier prints out your receipt for $30, you sign an IOU, IOU $30 and put your name. Well, that’s not a credit card. That’s just you’re writing a note, a signed note, IOU $30 to the store or whoever should be the bearer of this note. Well, the manager would come out and ask you, well, what am I supposed to do with this IOU? And you could tell them, well, you can use this $30 IOU to pay whomever you buy your produce from, you know, they’re delivering milk, you know, pay them partly in check and give them my IOU and let it just circulate around and it’ll circulate and everyone will trade it just like they’d trade a dollar bill or a bank check. It’s part of their assets.

Well, obviously that’s not how the world works for you and for other individuals, but it’s how the international financial system works.

i spilled my pixels… sorry

i have six beautiful countries standing before me, but only one can become America’s next top trading partner

yeah, you can. my grandfather developed a severe peanut allergy in his 60s. he used to eat a ton of them too, really strange stuff.

and this is why we must build the space staircase first before we embark on the mysteries of the elevator

is this good for the almighty economy?

ACP going down to on the masses

[imagine a picture of feds brutalizing protesters here]

Deutsche’s Dollar Downer (Financial Times, published Apr 9)

Quoting from George Saravelos, global head of FX research at Deutsche Bank:

The market is rapidly de-dollarizing. It is remarkable that international dollar funding markets and cross-currency basis remains well behaved. In a typical crisis environment the market would be hoarding dollar liquidity to secure funding for its underlying US asset base. This dollar imbalance is what ultimately results in a triggering of the Fed swap lines. Dynamics here seem to be very different: the market has lost faith in US assets, so that instead of closing the asset-liability mismatch by hoarding dollar liquidity it is actively selling down the US assets themselves. We wrote a few weeks ago that US administration policy is encouraging a trend towards de-dollarization to safeguard international investors from a weaponization of dollar liquidity. We are now seeing this play out in real-time at a faster pace than even we would have anticipated. It remains to be seen how orderly this process can remain. A credit event in the global financial system that threatens the provision of short-term dollar liquidity is the point of greatest vulnerability which would turn dollar dynamics more positive.

he’s obliterating the world economy lol. i think maybe we need to retire the word “distraction” for a bit

i’m using deepseek rn to break down the song word by word to practice my chinese lol

China slaps retaliatory tariffs of 84% on U.S. goods in response to Trump

China’s Office of the Tariff Commission of the State Council said that tariffs on U.S. goods will rise to 84% from 34% starting on April 10, according to a translation of the announcement. This comes after the latest U.S. tariff hike — which brings levies on Chinese goods to more than 100% — took effect at the start of April 9.

the S in the sign looks like it longs to be turned into a swastika

and people still think i’m crazy when i say i refuse to travel to the US

please don’t speak ill of soup on this webbed site

this dude is going to die from one of his “anti-aging” surgeries/treatments. he recently had a botched fat transfer to his face that made him look like he’d stuck his head in a bee hive

In recent months, the Chinese government has donated various components for the installation of photovoltaic parks (renewable energies based on sunlight) on the Caribbean island. The region’s climatic conditions make sunlight the most favorable source of renewable energy for the country.

Currently, more than 95% of the country’s power generation comes from fossil fuels, while only 5% comes from renewable sources. Cuba aims to generate up to 25% of its electric energy from renewable sources over the next five years. By 2050, the aim is to cover the entire energy matrix with electricity generation based on renewable energy sources.

i hope china can make this happen even faster

my vote is for super imperialism

yes, i’m interested! i tried to read it earlier this year but found it difficult to get through on my own