Ahem … the U.S. issues the USD, it can sanction its use and it can and does confiscate USD belonging to others. It can also set the “price” for it.

UAE, Indonesia sign agreement to promote local currencies for bilateral transactions. Currency multipolarity continues to unfold. economymiddleeast.com/news/uae-indon…

🚨Financial Times called President Xi's European trip 'unproductive.' 🤣

I asked today's special guests, French national Arnaud Bertrand and Serbian Nik Stankovic (two of the countries Xi visited) what THEY think. 🇨🇳🇫🇷🇷🇸

WATCH AND SHARE:

Is A For-Profit Peace Industry Possible? youtu.be/oZEl3DDiG_4?si… via YouTube

Serious folk understand this 👇🏽; and so the reaction is “meh”. The rest of the world just moves on. The US has banked on a double-denial: denial of others (not working very well) + denial of reality (also not working very well). Simulacra Machine in overdrive.

President #Xi concludes his 3-day state visit to #Hungary today. We agreed in 2009 in #Beijing , when President Xi was vice-president and I was leader of the Hungarian opposition to strengthen Hungarian-Chinese relations. 15 years later, we signed 18 agreements, held over a dozen…

Malaysia only recognises sanctions imposed by UN Security Council, says Saifuddin. International law versus the Rules Based Order. Multipolarity has arrived. thestar.com.my/news/nation/20…

The global majority can be assured that multipolarity has arrived. American hegemonic economic coercion no longer works. China is not only expanding trade, it’s also investing in infrastructure & factories & education with the global majority.

Adjunct Professor Warwick Powell has some advice for Washington's China-hawks, following their move to further sanction Huawei, a move that will further hasten the fall of U.S. tech dominance.

All of this 👇🏽 speaks to chronic uncompetitiveness & inadequate capacity of U.S. manufacturing as a supplier of manufactured products. China consumes most of its own manufactured outputs & supplies the world with low cost products. #undercapacity

Young Americans say food price inflation affects them most. cnbc.com/2024/05/08/you…

Now, why would central banks not notice the increased risk of holding € or US$ denominated assets, given this capricious undermining of trust in these financial instruments? Just as the principal doesn’t belong to the EU, so too the profits aren’t the EU’s to take away.

Happy to share some thoughts on the self-harm irrationality of escalating U.S. prohibitions on technology exports, with Andy Boreham 安柏然 👇🏽👇🏽👇🏽

America is looking very dangerous.
This is the gangster's code.
It is a code that assumes impunity.
Murders bind and silence US.
Impunity makes America mad, bad, and dangerous to ally with.
But the US must learn its shield of impunity is broken.
johnmenadue.com/the-crooked-ti…

U.S. public funds invested in TikTok owner ByteDance: report
Divestiture from whom exactly? Majority of ByteDance owners are western and US investors... asia.nikkei.com/Business/Finan…

Great quote ... even in the 1940s central bankers knew monetary policy was most likely ineffective ... then came the 1980s myth Volcker and the Fed slayed inflation ... I was at the Fed at the time and this myth is entirely untrue ... we couldn't find any relationship between…

This is huge: manilatimes.net/2024/05/08/new…

China has released a recording of a phone call between the Chinese embassy and a top Filipino military chief, Vice Adm. Alberto Carlos, chief of the Western Command (Wescom), in which the latter says that the entire chain of command of the…

Part 1 of 2: Fascinating. … East German's REMEMBER What The Last Propaganda Regime Was About | Prof.... youtu.be/bUWcmEkZDwA?si… via YouTube

A great thread that unpicks how the ideological flag bearers for the RBO in the antipodes are “all at sea” with unrealistic proposals & unhinged rants.

It’s hard to believe that China’s airforce were active in and around the Timor Sea & the Arafura Sea. Unbelievably aggressive. It could even be called an “act of aggression” being so close to sovereign territory.