This transformation is clearly upon us now. The global south is seeing a clear mechanism for trade and deficit planning and measurement that is way beyond the crude accounting abacus applied by the westies. The west persistently demand penury and service devastation among the people in exchange for small change in their currencies which are then typically utilised for 'nation building' by importing 'stuff' only from the westies. Infrastructure elements that enable commerce and wealth distribution across a nation are discouraged in favor of markets for FIRE sector kleptomaniacs. IMO the discussion is now at the stage where the tangible mechanisms can be visualised and embraced by early adopters.
Prepare to applaud as the curtain rises. This will be fun.
The shifting of the global economy to one based on commerce and development teamed with a financial system that’s essentially public because national and supportive of projects as financial engineers instead of parasites is what’s being talked about here.
Big words. Out of respect for you, Karl, I am going to study up on International Economics, Nobel Recipient Jan Tinbergen being my Netherlands instructor on the topic. I am also going to revisit the gold standard, Dr. Jelle Zijlstra, former Dutch Minister of Finance being a major opponent of the US moves, the Germans (US vassals) destroying his efforts.
I highly suggest the work of Glenn Diesen on geoeconomics; "Russia's Geoeconomic Strategy for a Greater Eurasia" was very enlightening. His expertise extends beyond economics. He's written a collection of op/eds for RT and then there're his other books, most of them listed here, https://en.wikipedia.org/wiki/Glenn_Diesen
Thanks. I read the transcripts of every show as soon as they're available. Dr. Hudson and I discuss the issue often. I subscribe to his Patreon and he subscribes to my substack.
I have been so late in understanding finance that I was shocked to hear a Michael Hudson remark that the difference is in the west the banks control the government vs Russia and China and some others, that the country controls the banks. Quickly overcoming the shock I now more clearly understand what is happing in the US as the 1% extracts more and more wealth from everything. Politics is not possible if the banks run the show. Maybe we should have more respect for US politicians as they confront mission impossible. Getting out of the mission impossible trap, the finance/debt trap, probably will be forced by a financial battlefield crash.
Russia is dealing with politics on the battlefield. The West will have to invent politics after the financial battlefield crash if the governments wish to thrive.
The inherent, coherent logic of these international financial arrangements, which have the promise of providing widespread benefits on many levels, and if they fulfill their promise, they will be a firestorm that in itself will accelerate the move to a multipolar world. Well, it already is a multipolar world, I guess I mean that the US's acceptance and understanding of a multipolar world and at that time the US will have to reinvent diplomacy, a skill that it lost in the short years that it was number 1.
I can imagine your inner response to the item I just published. Eventually, the current age will end and a new one will replace it that currently seems to be filled with promise.
It's the key to having a sound future and the development of various blockchains have been progressing; Wall St has been looking to try and bring this under its control with various projects of its own. China has been testing its digital Yuan for a while, hopefully someone based in the PRC can give some feedback on how its progressing.
There're already digital banking interactions between China and Russia. In Moscow now are two of China's top SCO men. There's lots of work happening that we seldom get notified about. And given the import this development will have on the hybrid war being waged on Russia and others, getting it done soon and done right are very high priorities.
This transformation is clearly upon us now. The global south is seeing a clear mechanism for trade and deficit planning and measurement that is way beyond the crude accounting abacus applied by the westies. The west persistently demand penury and service devastation among the people in exchange for small change in their currencies which are then typically utilised for 'nation building' by importing 'stuff' only from the westies. Infrastructure elements that enable commerce and wealth distribution across a nation are discouraged in favor of markets for FIRE sector kleptomaniacs. IMO the discussion is now at the stage where the tangible mechanisms can be visualised and embraced by early adopters.
Prepare to applaud as the curtain rises. This will be fun.
I concur, uncle.
Thanks for sharing this exciting prospect, Karl.
The shifting of the global economy to one based on commerce and development teamed with a financial system that’s essentially public because national and supportive of projects as financial engineers instead of parasites is what’s being talked about here.
Big words. Out of respect for you, Karl, I am going to study up on International Economics, Nobel Recipient Jan Tinbergen being my Netherlands instructor on the topic. I am also going to revisit the gold standard, Dr. Jelle Zijlstra, former Dutch Minister of Finance being a major opponent of the US moves, the Germans (US vassals) destroying his efforts.
I highly suggest the work of Glenn Diesen on geoeconomics; "Russia's Geoeconomic Strategy for a Greater Eurasia" was very enlightening. His expertise extends beyond economics. He's written a collection of op/eds for RT and then there're his other books, most of them listed here, https://en.wikipedia.org/wiki/Glenn_Diesen
First, the value of money as an international econ research subject.
You are doing me fine with all I have time for.
Cool! I don't want to overload anyone.
You may enjoy listening to this podcast put out a month ago by Ben Norton who works with Michael Hudson
https://podcasts.apple.com/au/podcast/geopolitical-economy-report/id1621947548?i=1000645311747
Thanks. I read the transcripts of every show as soon as they're available. Dr. Hudson and I discuss the issue often. I subscribe to his Patreon and he subscribes to my substack.
Truly amazing it is what trust and a positive attitude towards engineering can bring forth, backed by palpable seriousness in all affairs of state.
I have been so late in understanding finance that I was shocked to hear a Michael Hudson remark that the difference is in the west the banks control the government vs Russia and China and some others, that the country controls the banks. Quickly overcoming the shock I now more clearly understand what is happing in the US as the 1% extracts more and more wealth from everything. Politics is not possible if the banks run the show. Maybe we should have more respect for US politicians as they confront mission impossible. Getting out of the mission impossible trap, the finance/debt trap, probably will be forced by a financial battlefield crash.
Russia is dealing with politics on the battlefield. The West will have to invent politics after the financial battlefield crash if the governments wish to thrive.
The inherent, coherent logic of these international financial arrangements, which have the promise of providing widespread benefits on many levels, and if they fulfill their promise, they will be a firestorm that in itself will accelerate the move to a multipolar world. Well, it already is a multipolar world, I guess I mean that the US's acceptance and understanding of a multipolar world and at that time the US will have to reinvent diplomacy, a skill that it lost in the short years that it was number 1.
I can imagine your inner response to the item I just published. Eventually, the current age will end and a new one will replace it that currently seems to be filled with promise.
It's the key to having a sound future and the development of various blockchains have been progressing; Wall St has been looking to try and bring this under its control with various projects of its own. China has been testing its digital Yuan for a while, hopefully someone based in the PRC can give some feedback on how its progressing.
There're already digital banking interactions between China and Russia. In Moscow now are two of China's top SCO men. There's lots of work happening that we seldom get notified about. And given the import this development will have on the hybrid war being waged on Russia and others, getting it done soon and done right are very high priorities.