Unit value of something needs a better explanation or at least an improvement of my understanding. 0.987412 g of pure gold is something anyone can understand.
The time value of money is another, e.g. interest per unit time. Messaging and actual transfer as separate transaction is something that has to meet the needs of the participants. I can use EFTs as a single transaction but financial systems may have very different needs. Wire transfers are instantaneous, i.e. milliseconds, just like computerized messaging systems, in use worldwide for moving goods through customs fort example. I have designed a few of those, moving money as well.
"The key to de-dollarization is the total curtailing of dollar usage in all aspects, which will be difficult because many billions in loans—the vast majority being odious—are denominated in dollars”.
China has $5 trillion in foreign reserves, says Brad Setser, and Beijing is offering friendly countries with big dollar debts to swap their USD loans for RMB loans on better terms.
Thank you for broaching a very complex subject that few, not including me, begin to understand
I read in Sputnik how Russia intends to upgrade agro exports into Africa and use a BRICS currency platter for payments, steer away from € and $
Arkady Zlochevsky, President of the Russian Grain Union
"But we are facing enormous problems with counterflows. Disproportionality and imbalance of mutual settlements. This is the main issue at the moment. Bilateral settlements cannot be large-scale due to an imbalance. And it is precisely within the BRICS framework that these bilateral imbalances could be leveled by a common balance within the BRICS framework. And this would serve a tremendously positive role in the establishment of such settlements," he noted.
Lavrov met with Minister of African Integration and Foreign Affairs of the Republic of Senegal Yasser Fall yesterday which I'll report on today and mentioned the issue in a general way. Much is happening between Russia and Africa that's very positive. Removing commodity pricing from US hegemony will be very helpful for all African and Global South nations and can't happen soon enough.
"China Exports to United States was US$501.22 Billion during 2023, according to the United Nations COMTRADE database on international trade. China Exports to United States - data, historical chart and statistics - was last updated on August of 2024."
In the article it showed only $100 billion or so in exports from China to the US
Thanks for pasting in toto the semi-coherent Aitov piece which suggests that BRICS has many works-in-progress and that no enormous leap forward will be coming anytime soon (which is reassuring to those of us who believe “god is in the details). Steady advance along a long battlefront, with victories at key flashpoints, may be fraught with fewer risks.
On the separate but related topic of how China will continue to de-risk its vast USD surplus (the incendiary component of its mammoth foreign exchange holdings), the possibility of a Tether-like dollar-based stablecoin to be launched by the Hong Kong Monetary Authority (HKMA) is very intriguing. The Chinese government has been watching this for at least 3 or 4 years (and possibly as an investor). If it moves ahead with this, the token would represent a new direction in dedollarization (USD blockchain invisible to the US government) to set alongside the established swap lines mechanisms which appear to be working well.
THANKS, checking out your recent posts. In case you did not see this. ( I imagine you are more up on it than I am) This is from Pepe Escobar Telegram IT SEEMS TO BE ON X https://x.com/NewRulesGeo/status/1829570552765305219
Is the arising eastern Financial System grappling with these deep integrated human & biosphere Systems' qualities or is it just in reaction to always failing western Oligarch hegemony?
QUALITY matters in 'MONEY' (Greek 'mnemosis' = 'memory').
Today's western 'exogenous' (Latin 'other-generated') Oligarch fake money is a system of colonial amnesia of the last 7000 years since Babylon's fall, for all the diverse contributors & their contributions. In failing Oligarch commanded empire after empire, Mesopotamia, Assyria, Phoenicia, Egypt, Greece, Rome, Spain, France, Britain, the system has destroyed people & biospheres, only to invade the next once lush productive indigenous Polyculture Orchards turned into such as the Sahara, Sahel, Negev, Arabian, Gobi & other deserts.
FOOD AS THE CORE HUMAN ECONOMY
SYLVALIZATION (Latin 'sylva' = 'tree'). As empires spread, hungry for the hardwood Oak for weapons of war, forts, arms, ships etc. the main productivity loss is the indigenous, carefully cultivated 3-D POLYCULTURE ORCHARDs of all humanity's worldwide 'indigenous' ancestors, which because of: a) Polyculture's 92-98% Photosynthesis compared with 2-D 'agriculture' (L 'ager' = 'field') 2-8% photosynthesis. Agriculture’s all settlers & 1st Nations had left to 'farm' (French 'ferme' = 'contract of servitude by the peasant imposed by the armed aristocrat') b) Deep Polyculture roots descending many 10s of metres into the substrate mining minerals, pumping water, developing extensive nutrient colonies etc. being 100 times = 10,000% more productivity than agriculture. Actually this calculation is very conservative. In my experience with both Polyculture & Agriculture such as a 50 square meter (7 by 7 metres) area under the pre-colonial average 100 year old Oak tree produced some 3 tonnes (3000 kilograms) of nuts per year with little labour except bring wastes to feed the tree. The same 50 sq. M of Wheat, Barley, Oats or Rye will produce only 3 kgs of grains requiring intensive mechanical ploughing, seeding, weeding, fertilizing, fencing & irrigation or drainage preparation. c) Polyculture's nearly complete ~95% photosynthesis of solar energy into food, materials, energy & water-cycle, creates an energy vacuum which drives warm moist ocean winds inland. 60% of Moisture transfer from ocean to continent is through condensation of these winds upon quadrillions of square kilometres of fractal leaf & bark surface. Only 40% of moisture transfers as rain/snowfall. 2-D Agriculture only photosynthesizes 2-8% of solar energy, creating High-pressure airs which push wind from the continent towards the sea, creating permanent desert. https://sites.google.com/site/indigenecommunity/b-ecological-design/1-indigenous-welcome-orchard-food-production-efficiencies
In effect Multiple-Trillionaire Oligarch hidden & undeclared minority share holders with the violently stolen wealth of systems control, triangulated in the US-Federal-Reserve, Bank-of-England (City-of-London') & Bank-of-International-Settlements issue 'money' as Loans preferred to their friends, family & associates. Hence this gives this Cabal Financial control of FAKE: Finance, Media, Religion, Education, Capital-markets, Military-Industrial, Legislative, Judicial, Pharma-med & Agribusiness Institutional COMPLEX.
RELATIONAL ECONOMY For many 10s of 1000s of years, all humanity's worldwide 'Indigenous' (L. 'Self-generating') ancestors cultivated real 'money-memory' on the String-shell Time-based, Equivalency Accounting Value System (eg. Wampum on Turtle-Island / North America, Quipu in S. America, Cowrie in 'indigenous' Celtic & Slavic Europe, Asia, Africa, Australia & all islands). Such 'memory' recognizes the core role of collective Domestic (mostly women) in the 'economy' (Gk 'oikos' = 'home' + 'namein' = 'care-&-nurture') as well as that of Industry & Commerce (mostly men) in livelihood well-being. String-shell integrates: 1) 'Capital' (L. 'cap' = 'head' = 'collective-intelligence'), 2) 'Currency' ( 'Flow' of contribution, experience, expertise & decision-making-acumen'), 3) 'Condolence' ('Social-security'), 4) Collegial mentored-apprenticeship 'education' (L. 'to-lead-forth-from-within') Credit, 5) time-math Communication, 6) professional Costume & more into one accounting cycle. As individuals worked over their lifetimes, devoted Accountants kept track of each contribution & accorded the recognition of each String-shell 'bead' unit (roughly equal to an hour of time) with some colours of beads worth twice & more. With Progressive Ownership, among each Stakeholder group, Elders typically had more votes, but with age attrition, represented fewer people. Experience & study formed the basis of enlightened decisions. https://sites.google.com/site/indigenecommunity/c-relational-economy
EXPERT DECISION-MAKING & EMPOWERMENT 'Money' in indigenous times with memory & honour for everyone's diverse specialized gifts through the String-shell, Production-Society-Guilds & Collective DOMESTIC economy of the ~100 (50-150) person Multihome-Dwelling-Complexes (eg. Longhouse-apartment, Pueblo-townhouse & Kanata-village). Guilds represent Multistakeholder 'Participatory'
(L. 'part' = 'share') 'corporate' (L. 'corp' = 'body') entities where everyone has invested interest & a role in collective-intelligence. Founder, Worker, Manager, Supplier, Townspeople & Consumer share holding, ownership, decision-making & Board representation. Invested interest by progressive ownership stakeholders creates the decentralized trust of participants in each department & division of enterprises. https://sites.google.com/site/indigenecommunity/c-relational-economy/2-participatory-accounting
QUALITY MONEY SYSTEMS QUESTIONS? Humanity should be asking itself today are whether any so called 'money' is Cultural (arising from all parts) aka 'Fractal' (Fraction, multiplier, building-block, where-the-part-contains-the-whole') recognizes, celebrates & empowers all parts of the system.
RESPONSIBLE LOCAL RE-'INDIGENIZING' (Latin 'self-generating') Think about how our presently 'exogenous' social, economic & political system should really be, modelled upon the 'indigenous' system, a reflection of the human & all life's body: gene, cell, tissue & organ fractal Autonomy.
ECONOMIC MEMORY Our social-economic system must recognizes the diverse parts & characteristics, just as the human body & 'MIND' arises from the AUTONOMOUS input of each cell, tissue, organ related to the whole. Each specialized part & function has expert memory retention, decision-making & implementation functions. The brain is only one of several Nexus-of-communication for facts & actions, mostly after they have already happened. We know for example now how the digestive system contains many times more memory & implementation neurons than the brain. Distributed 'ECONOMIC' (Greek 'oikos' = 'home' + 'namein' = 'care-&-nurture') MEMORY is core to the holistic function of the body. This is the Neural Science of today. Rebuilding a functioning human society is not going to be successful bit-by-bit as is the tendency of system's designers today, but only through reflection upon our once worldwide functioning indigenous systems. https://sites.google.com/site/indigenecommunity/d-participatory-structure/3-economic-memory
Is the arising eastern Financial System grappling with these deep integrated human & biosphere Systems' qualities or is it just in reaction to always failing western Oligarch hegemony?
Unit value of something needs a better explanation or at least an improvement of my understanding. 0.987412 g of pure gold is something anyone can understand.
The time value of money is another, e.g. interest per unit time. Messaging and actual transfer as separate transaction is something that has to meet the needs of the participants. I can use EFTs as a single transaction but financial systems may have very different needs. Wire transfers are instantaneous, i.e. milliseconds, just like computerized messaging systems, in use worldwide for moving goods through customs fort example. I have designed a few of those, moving money as well.
"The key to de-dollarization is the total curtailing of dollar usage in all aspects, which will be difficult because many billions in loans—the vast majority being odious—are denominated in dollars”.
China has $5 trillion in foreign reserves, says Brad Setser, and Beijing is offering friendly countries with big dollar debts to swap their USD loans for RMB loans on better terms.
That's an action by China I advocated before Covid given the BRI implications. Good news.
Dear Karl
Thank you for broaching a very complex subject that few, not including me, begin to understand
I read in Sputnik how Russia intends to upgrade agro exports into Africa and use a BRICS currency platter for payments, steer away from € and $
Arkady Zlochevsky, President of the Russian Grain Union
"But we are facing enormous problems with counterflows. Disproportionality and imbalance of mutual settlements. This is the main issue at the moment. Bilateral settlements cannot be large-scale due to an imbalance. And it is precisely within the BRICS framework that these bilateral imbalances could be leveled by a common balance within the BRICS framework. And this would serve a tremendously positive role in the establishment of such settlements," he noted.
https://en.sputniknews.africa/20240821/africa-emerges-as-key-market-for-russian-agriculture-president-of-grain-union-says--1067948032.html
Partial confirmation Gabon side media
https://gabonmediatime.com/cooperation-le-gabon-invite-au-salon-de-lagriculture-asia-expo-en-russie/
https://www.commerce.gouv.ga/1078-diplomatie-/
Lavrov met with Minister of African Integration and Foreign Affairs of the Republic of Senegal Yasser Fall yesterday which I'll report on today and mentioned the issue in a general way. Much is happening between Russia and Africa that's very positive. Removing commodity pricing from US hegemony will be very helpful for all African and Global South nations and can't happen soon enough.
Lavrov is back in Africa again - he's hardly less hard working than VVP
Senegal is a one of the key countries
Congo Kinshasa must be in his plans - the key
I look forward to your report
"China Exports to United States was US$501.22 Billion during 2023, according to the United Nations COMTRADE database on international trade. China Exports to United States - data, historical chart and statistics - was last updated on August of 2024."
In the article it showed only $100 billion or so in exports from China to the US
Thanks for pasting in toto the semi-coherent Aitov piece which suggests that BRICS has many works-in-progress and that no enormous leap forward will be coming anytime soon (which is reassuring to those of us who believe “god is in the details). Steady advance along a long battlefront, with victories at key flashpoints, may be fraught with fewer risks.
On the separate but related topic of how China will continue to de-risk its vast USD surplus (the incendiary component of its mammoth foreign exchange holdings), the possibility of a Tether-like dollar-based stablecoin to be launched by the Hong Kong Monetary Authority (HKMA) is very intriguing. The Chinese government has been watching this for at least 3 or 4 years (and possibly as an investor). If it moves ahead with this, the token would represent a new direction in dedollarization (USD blockchain invisible to the US government) to set alongside the established swap lines mechanisms which appear to be working well.
THANKS, checking out your recent posts. In case you did not see this. ( I imagine you are more up on it than I am) This is from Pepe Escobar Telegram IT SEEMS TO BE ON X https://x.com/NewRulesGeo/status/1829570552765305219
Is the arising eastern Financial System grappling with these deep integrated human & biosphere Systems' qualities or is it just in reaction to always failing western Oligarch hegemony?
QUALITY matters in 'MONEY' (Greek 'mnemosis' = 'memory').
Today's western 'exogenous' (Latin 'other-generated') Oligarch fake money is a system of colonial amnesia of the last 7000 years since Babylon's fall, for all the diverse contributors & their contributions. In failing Oligarch commanded empire after empire, Mesopotamia, Assyria, Phoenicia, Egypt, Greece, Rome, Spain, France, Britain, the system has destroyed people & biospheres, only to invade the next once lush productive indigenous Polyculture Orchards turned into such as the Sahara, Sahel, Negev, Arabian, Gobi & other deserts.
FOOD AS THE CORE HUMAN ECONOMY
SYLVALIZATION (Latin 'sylva' = 'tree'). As empires spread, hungry for the hardwood Oak for weapons of war, forts, arms, ships etc. the main productivity loss is the indigenous, carefully cultivated 3-D POLYCULTURE ORCHARDs of all humanity's worldwide 'indigenous' ancestors, which because of: a) Polyculture's 92-98% Photosynthesis compared with 2-D 'agriculture' (L 'ager' = 'field') 2-8% photosynthesis. Agriculture’s all settlers & 1st Nations had left to 'farm' (French 'ferme' = 'contract of servitude by the peasant imposed by the armed aristocrat') b) Deep Polyculture roots descending many 10s of metres into the substrate mining minerals, pumping water, developing extensive nutrient colonies etc. being 100 times = 10,000% more productivity than agriculture. Actually this calculation is very conservative. In my experience with both Polyculture & Agriculture such as a 50 square meter (7 by 7 metres) area under the pre-colonial average 100 year old Oak tree produced some 3 tonnes (3000 kilograms) of nuts per year with little labour except bring wastes to feed the tree. The same 50 sq. M of Wheat, Barley, Oats or Rye will produce only 3 kgs of grains requiring intensive mechanical ploughing, seeding, weeding, fertilizing, fencing & irrigation or drainage preparation. c) Polyculture's nearly complete ~95% photosynthesis of solar energy into food, materials, energy & water-cycle, creates an energy vacuum which drives warm moist ocean winds inland. 60% of Moisture transfer from ocean to continent is through condensation of these winds upon quadrillions of square kilometres of fractal leaf & bark surface. Only 40% of moisture transfers as rain/snowfall. 2-D Agriculture only photosynthesizes 2-8% of solar energy, creating High-pressure airs which push wind from the continent towards the sea, creating permanent desert. https://sites.google.com/site/indigenecommunity/b-ecological-design/1-indigenous-welcome-orchard-food-production-efficiencies
In effect Multiple-Trillionaire Oligarch hidden & undeclared minority share holders with the violently stolen wealth of systems control, triangulated in the US-Federal-Reserve, Bank-of-England (City-of-London') & Bank-of-International-Settlements issue 'money' as Loans preferred to their friends, family & associates. Hence this gives this Cabal Financial control of FAKE: Finance, Media, Religion, Education, Capital-markets, Military-Industrial, Legislative, Judicial, Pharma-med & Agribusiness Institutional COMPLEX.
RELATIONAL ECONOMY For many 10s of 1000s of years, all humanity's worldwide 'Indigenous' (L. 'Self-generating') ancestors cultivated real 'money-memory' on the String-shell Time-based, Equivalency Accounting Value System (eg. Wampum on Turtle-Island / North America, Quipu in S. America, Cowrie in 'indigenous' Celtic & Slavic Europe, Asia, Africa, Australia & all islands). Such 'memory' recognizes the core role of collective Domestic (mostly women) in the 'economy' (Gk 'oikos' = 'home' + 'namein' = 'care-&-nurture') as well as that of Industry & Commerce (mostly men) in livelihood well-being. String-shell integrates: 1) 'Capital' (L. 'cap' = 'head' = 'collective-intelligence'), 2) 'Currency' ( 'Flow' of contribution, experience, expertise & decision-making-acumen'), 3) 'Condolence' ('Social-security'), 4) Collegial mentored-apprenticeship 'education' (L. 'to-lead-forth-from-within') Credit, 5) time-math Communication, 6) professional Costume & more into one accounting cycle. As individuals worked over their lifetimes, devoted Accountants kept track of each contribution & accorded the recognition of each String-shell 'bead' unit (roughly equal to an hour of time) with some colours of beads worth twice & more. With Progressive Ownership, among each Stakeholder group, Elders typically had more votes, but with age attrition, represented fewer people. Experience & study formed the basis of enlightened decisions. https://sites.google.com/site/indigenecommunity/c-relational-economy
EXPERT DECISION-MAKING & EMPOWERMENT 'Money' in indigenous times with memory & honour for everyone's diverse specialized gifts through the String-shell, Production-Society-Guilds & Collective DOMESTIC economy of the ~100 (50-150) person Multihome-Dwelling-Complexes (eg. Longhouse-apartment, Pueblo-townhouse & Kanata-village). Guilds represent Multistakeholder 'Participatory'
(L. 'part' = 'share') 'corporate' (L. 'corp' = 'body') entities where everyone has invested interest & a role in collective-intelligence. Founder, Worker, Manager, Supplier, Townspeople & Consumer share holding, ownership, decision-making & Board representation. Invested interest by progressive ownership stakeholders creates the decentralized trust of participants in each department & division of enterprises. https://sites.google.com/site/indigenecommunity/c-relational-economy/2-participatory-accounting
These loving, intimate, intergenerational, female-male, critical-mass, economies-of-scale were worldwide in Economic Democracy. https://sites.google.com/site/indigenecommunity/c-relational-economy/8-economic-democracy
QUALITY MONEY SYSTEMS QUESTIONS? Humanity should be asking itself today are whether any so called 'money' is Cultural (arising from all parts) aka 'Fractal' (Fraction, multiplier, building-block, where-the-part-contains-the-whole') recognizes, celebrates & empowers all parts of the system.
RESPONSIBLE LOCAL RE-'INDIGENIZING' (Latin 'self-generating') Think about how our presently 'exogenous' social, economic & political system should really be, modelled upon the 'indigenous' system, a reflection of the human & all life's body: gene, cell, tissue & organ fractal Autonomy.
ECONOMIC MEMORY Our social-economic system must recognizes the diverse parts & characteristics, just as the human body & 'MIND' arises from the AUTONOMOUS input of each cell, tissue, organ related to the whole. Each specialized part & function has expert memory retention, decision-making & implementation functions. The brain is only one of several Nexus-of-communication for facts & actions, mostly after they have already happened. We know for example now how the digestive system contains many times more memory & implementation neurons than the brain. Distributed 'ECONOMIC' (Greek 'oikos' = 'home' + 'namein' = 'care-&-nurture') MEMORY is core to the holistic function of the body. This is the Neural Science of today. Rebuilding a functioning human society is not going to be successful bit-by-bit as is the tendency of system's designers today, but only through reflection upon our once worldwide functioning indigenous systems. https://sites.google.com/site/indigenecommunity/d-participatory-structure/3-economic-memory
Is the arising eastern Financial System grappling with these deep integrated human & biosphere Systems' qualities or is it just in reaction to always failing western Oligarch hegemony?