This is it, right? The harbinger of doom.
>>518285374https://www.reuters.com/business/energy/traders-seek-yuan-payment-indian-state-buyers-russian-oil-sources-say-2025-10-07/Only USA can mint USD. So USA is immune to this.Other countries now have to send stuff to both USA, and China to get USD and Yuan, to buy oil with it.
>>518285374more like it just means Indian ruble is worthless and Russians don't want to accept it anymore
>>518285453>So USA is immune to thisThe implication is that the USA, and it's dollar, are being replaced, not directly attacked, no?>Other countries now have to send stuff to both USA, and China to get USD and Yuan, to buy oil with it.As I said above, this sounds like the USD has a growing competitor, which is not good for the USD
>>518285925There can be two payment methodsIt is just like Mastercard & VisaUSD & CNY
>>518286241I'm sure mastercard and visa would prefer the other to be 6 feet under. And wasn't the USD pretty clearly THE currency of the past few decades? Will you deny that the USA derives much of it's power from international financial ((manipulation))? I made the OP because it's a very large example that highlights how the financial (+political/social/etc,) system is changing.
>>518286871I concede USD is the most competitive export of USA, for the past few decades. USA cannot even make war ships any more, because it is cheaper to mint USD send them to South Korea, to import it. Countries like South Korea have to keep sending stuff to USA, to get the USD, so as to avoid Asian Financial Crisis of running out of USD.Now that USD has to compete with CNY, USA will have to start making its own war ships now. No longer would it find it cheaper to mint USD to send to South Korea to import war ships.Similarly all other industry that relies on early access to newly minted USD, like finance, law, politics, NGOs, high gross margin SaaS etc will take a back seat now. Even Silicon Valley can become less innovative because USD cannot be used to subsidize failures to find that one innovative company.
>>518287505Also something like this could happen
>>518287505>because it is cheaper to mint USD send them to South Korea, to import itThat may have been the initial reason, but now, I don't think they have a choice. Do you have faith in trump's re-industrialization plan? How many years would it take for a country run by online service providers to pivot the country away from online services and match a quarter of china's output? >so as to avoid Asian Financial Crisis of running out of USDqrd?>>518287597Pretty interesting desu. I'll have to think about it more, but I imagine too many variable have changed to revert to such a pattern
>>518289054Trump's re-industrialization has to work or else USA will have to start exporting USD again but this time there are other settlement options between governments. Re-industrialization can work faster now, thanks to better industrial automation. So I think it is possible to have faster industrialization in just about 10 years.Asian Financial Crisis was when many countries in Asia e.g. Thailand, Indonesia, South Korea and even Japan ran out of USD to buy stuff from each other and other countries. Because USD was like Mastercard, everyone used to accepts payment in USD. So these Asian countries had to devalue their currency to buy a lot of USD they needed during Asian Financial Crisis.
>>518286241Reality: CNY, INR, the Trump crypto coins and two dozen crapto flavors of the year, rugged regularly, the cattle scammed even more by a dozen new digital methods
>>518290744and the new European currency, the Digital Mark™, of course
>>518289054I forgot to add>Even Silicon Valley can become less innovative because USD cannot be used to subsidize failures to find that one innovative companyI don't believe this will happen. Europeans took over the world thanks to their far superior technology. Before that, China naturally ruled, or was paid tribute by most of Asia (most of the world). Now, neither side has a significant technological advantage, so the momentum organically swings towards china. Hence why they have, and will continue to pour trillions into AI wundertech, as a breakthrough could be the only way to gain an advantage and re-assert dominance.>>518289614>So I think it is possible to have faster industrialization in just about 10 yearsHow do you think the conflicts of interest over here will play out? Or will the tech billionaires gradually redirect their investments, turning into industry bros?
>>518290744>>518290825For international settlements nations will converge on a few types of settlement mechanisms. It won't be barter for sure. Because stock to flow ratio has to be very high to be naturally adopted as money.
>>518285374>Nidhi VermaWhat manner of foreigner is this.
>>518290906> Europeans took over the world thanks to their far superior technology.Technology requires trial and error, and the money to subsidize failures. Europeans invented fractional reserve banking and even central banking because there wasn't enough gold to subsidize failures of technological development. Even alchemy was funded by the state to try to solve the problem of no gold. Fractional reserves, central banking (Sweden), and even modern banking where loans are simultaneously an asset and a liability is what helped Europe finance dangerous experiments like deep sea navigation needed to import stuff from warmer climates.> will the tech billionaires gradually redirect their investmentsYes techno-feudalism is inevitable. See >>518287597 The government will grant charters and licenses to their favored lords, who will have privileged access to resources, energy, industry etc.
>>518285453gold is used for the transaction instead.every other country in brics don't want their currencies supplanted by china and they are doing everything they can to get rid of dollarization
>>518291780Yes gold will definitely be used for net settlement.The world will become mercantilist: it will export anything to get some gold. India will export their tax free agriculture just like they have done for thousands of years. China has always exported manufactured goods e.g. vases for thousands of years. Russia will act like Saudi Arabia to provide energy and materials to this setup.
>>518291025>mannerWe would say:>type>class>flavor-etc. In this situation. A "manner" is not an object. It describes something that originates in the mind, or a process, generally. >>518291309Could you give me a brief timeline of those developments?>techno-feudalismI've always heard this term thrown around, it's nice to understand it fundamentally now.>>518291983>The world will become mercantist: it will export anything to get some goldYou don't think BRICSbux will work out?What brought about the end of mercantilism originally?
>>518285925>xhe thinks buying from jeets is the same as establishing a reserve currencyall global currencies are tied to the value of USD and that's not changing until we lose a major war
>>518292691> timelineIt will be faster this time. Since all the innovations like modern banking and finance is already in place. Automation is turnkey.> BRICSbuxNo BRICSbux. e.g. It would be a trade weighted basket of currencies. e.g. if I want to import sugar, I would try to have Brazilian real (BRL). But if I have too much Brazilian real (BRL) I would buy gold with it from a Brazilian vault shipped out on demand. If I want manufactured things I will try to have Yuan or USD around. Any extra will be kept in gold shipped out of USA or the various world wide vaults of Shanghai Gold Exchange.
>>518292989Yes, the USD is ostensibly powered by our military, but what powers the military? Economic power, of course. Surely you won't deny that economic power precedes military power?Now, American economic power is financial. If you've ever been in the midwest, you'll notice it doesn't look like yangtze delta cities. This worked well while the USSR was collapsing, we were unopposed, and could export our essential industries to other countries, but, the forces of history now favor China. You'll find this momentum hard to disprove. This rising industrial hegemon has facilitated a shift away from the American system. More sanctions are going ignored, the east is getting more uppity (BRICS), and now countries are using the yuan instead of the dollar (see OP). Without financial dominance, it becomes hard for the US to import it's bare necessities, which means fewer attention/resources are spent asserting financial dominance, which means imports become harder and so on (hence trump's re-industrialization plan to stop the downward spiral, pivoting away from financial dominance)This is what we are currently discussing in this thread.>not reading all that, muh' militaryHalf of China is an industrial park
>>518285374Interesting
>>518285374its because the rupee is useless to russia outside of buying weapons from india. yuan has better value for russia. india probably doesnt want to do that though since china is their enemy.
>>518285374The moment the US dollar loses Reserve Currency status, the USA is finished as the #1 power.And it's all downhill from there. Can't climb back up that hill, sadly.Trumps #1 priority, #2 priorty, #3 priority, #4 priority, and so on....
>>518294996What's the source for this graphic?
>>518285453>Only USA can mint USD.Fictional Reserve Stubblecorns will fix this.
>>518296075https://www.visualcapitalist.com/cp/how-china-overtook-u-s-in-global-trade-dominance-2000-2024/>sources: U.S Census, Customs of China
>>518296221Offshore USD only exists USD liabilities which are not risk free. Only onhsore USD can be riskfree and back stopped by the Fed guarantees. Outside USA a single US government bond is rehypothecated many times. It is like musical chairs.
>>518296334thanks
>>518287505>I concede USD is the most competitive export of USAIt is not the US dollar, it is the US treasury debt.
>>518296522> US treasury debtOf varying maturities, and the shortest term is like cash.
>>518291780Gold carries a fuck huge transaction cost. I am honestly disappointed in how dumb yuros are when it comes to finance. What the fuck happened to you all?
>>518292989you can't be this stupid. think it through, ffs - like you should have before you posted.
>>518296681Only excess FX is converted to gold, and even that is only shipped out much later after it pays a negative interest rate as the vault fee.
>>518290906AI IS the depopulation agenda!Anyone who thinks that AI is FOR humans is being ridiculous. Of course, I can be proven wrong.However. I do forsee something that'll come as a surprise to people:The advancement of AI will come in tandem with a slow but steady reduction in global industrial capacity. Inexplicable to all the "experts."AI IS the human replacement.
>>518295985Europeans will continue to be forced to use the dollar until they're bankruptthey might even have to ditch the EURO and combine it all into the dollar
>>518289614>Re-industrialization can work faster now, thanks to better industrial automation. So I think it is possible to have faster industrialization in just about 10 years.Its the inverse, you need better people if there are to be lots of automation, and the reason USA is not capable of reindustrialization is because America lacks the human capital, and America lacks the human capital because it lacks the genetic capital. Too many shitheads running around in America. Reindustrialization requires an entirely new generation of Americas, and an entirely new education system, and even then it would only be partial, because average IQ in America across all racial groups is like 87 or so.
>>518291309>Fractional reserves, central banking (Sweden), and even modern banking where loans are simultaneously an asset and a liability is what helped Europe finance dangerous experiments like deep sea navigation needed to import stuff from warmer climates.No these are jewish techniques to coin clip in the modern age. Banking was based on gold up until very recently from a historical perspective. The deep sea navigation tech consisted of 1 britbong watchmaker inventing a reliable watch. Rest was off the shelf ships.
>>518297317The techno-feudal lords, tsars of industry etc, will get privileged charters and licenses to hire just the few high IQ anglo-americans left in the country. And that is all thats necessary now.The rest of the shit kicking serfs will be given enough fentanyl to choke on the streets. And the women will be encouraged to be spinsters till they die.Education will be extremely vocational and just-in-time taught by LLMs. We do not a bazillion people who can prove a conjecture.High IQ is only needed in a few roles. The rest of it can be done with serfs, automation, and threats.
>>518298099This anon chews bubblegum in public and drinks water on public transport like a boss.
>>518298099I wonder if they'll keep a veneer of democracy? It'd be entertaining to see how many wacky ideologies bubble up around the world without the shining city on the hill to mimic.
>>518291780there's not enough gold on planet earth for the financial system
>>518299964Not at current prices. But at around 22000 USD per troy ounce, I think there is enough gold on the planet for the entire financial system
>>518299288Yes it will be a type of WWE Democracy. Lot of kayfabe, heels, shoots and worked shoots.Actual power and formal power will remain separate.
last bump
>>518285374NIGGERS
>>518302121stackers stay winning
