| Meanwhile out in the real World......it's all going swimmingly!! 08:02 - Mar 7 with 442 views | BanksterDebtSlave |
https://www.theguardian.com/world/2023/mar/07/china-foreign-minister-warns-of-po
'Qin defended the close friendship between China and Russia, a relationship closely watched by the west in light of the war in Ukraine. He said the ties between Beijing and Moscow “set an example for global foreign relations”.
“With China and Russia working together, the world will have a driving force,” he said. “The more unstable the world becomes the more imperative it is for China and Russia to steadily advance their relations.”
Hasn't letting the markets and the imperative of cheap 'stuff' determine outcomes served us well.
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| Meanwhile out in the real World......it's all going swimmingly!! on 08:19 - Mar 7 with 393 views | Guthrum |
China just needs allies for its own war with the USA, which is coming in the next few hundred years (they take a very long term view). They can't afford for Russia to be too badly weakened - tho a bit is useful. |  |
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| Meanwhile out in the real World......it's all going swimmingly!! on 08:25 - Mar 7 with 372 views | BanksterDebtSlave |
| Meanwhile out in the real World......it's all going swimmingly!! on 08:19 - Mar 7 by Guthrum |
China just needs allies for its own war with the USA, which is coming in the next few hundred years (they take a very long term view). They can't afford for Russia to be too badly weakened - tho a bit is useful. |
Perhaps this will be it's main weapon....surely the most unvirtuous of circles.
https://www.investopedia.com/articles/investing/040115/reasons-why-china-buys-us
China has steadily accumulated U.S. Treasury securities over the last few decades. In August 2022, the Asian nation owned $971.8 billion in Treasurys, roughly 13% of the U.S. national debt.
U.S. debt offers the safest heaven for Chinese forex reserves, which effectively means that China offers loans to the U.S. so that the U.S. can keep buying the goods China produces. | |
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| Meanwhile out in the real World......it's all going swimmingly!! on 08:29 - Mar 7 with 363 views | Guthrum |
| Meanwhile out in the real World......it's all going swimmingly!! on 08:25 - Mar 7 by BanksterDebtSlave |
Perhaps this will be it's main weapon....surely the most unvirtuous of circles.
https://www.investopedia.com/articles/investing/040115/reasons-why-china-buys-us
China has steadily accumulated U.S. Treasury securities over the last few decades. In August 2022, the Asian nation owned $971.8 billion in Treasurys, roughly 13% of the U.S. national debt.
U.S. debt offers the safest heaven for Chinese forex reserves, which effectively means that China offers loans to the U.S. so that the U.S. can keep buying the goods China produces. |
It's a two-edged sword, if the US ever defaulted. | |
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