3·
21 hours agoAlmost unpacked my soldering iron, comrade.
TopFell [none/use name, he/him]
Assume I have read your post to learn of new things and where I am wrong, and have moved on.
- 0 Posts
- 9 Comments
Joined 3 days ago
Cake day: December 25th, 2025
You are not logged in. If you use a Fediverse account that is able to follow users, you can follow this user.
1·21 hours agoThis is another video by Inside China Business, it conflates US Treasuries and debt in general, as means of propping up the US budgets and as security in banking (though he does not go into the Euro-Doller), and the SWIFT banking system virtually all banks are connected to. Throws in seizure of Russian assets as another (loose) argument to explain loss of trust in the former.
He moves to bond yields and by extension interest rates. Those in RMB were lower.
Finally he ends in presenting China as one-stop-shop–provider for solutions such as infrastructure projects. Those are financed in RMB by those countries, and they borrow them from chinese banks. (The RMBs don’t leave the country, services and goods are = with debt on the same side.)
This is no good video to understand either of the mentioned mechanics, though admittedly you can only press so much into 7 minutes. There’s too many places to begin for a concise comment that’s no wall of text. I will cherry-pick:
Divestment from US markets is one contributor to unfavourably increasingly yields
The RMB is not freely traded, neither is the national debt. I could offer US Treasuries (or rather, what I got on the secondary market) as security to see “USD” flow towards whatever I need, like another bank account to make a merchant hole for a purchase in USD. RMB not so much.
National debt, to paint with a broad brush, is usually auctioned off with some yields on top to make it worthwhile. Countries not limited to China are reducing their holdings: a certain amount is also offered on the market before maturity. To make fresh i. e. long-term “debt” competitive enough, the market on the other side will enter into the trade only at increasingly higher yields (which must beat inflation by the way; compare Türkiye’s).
If you don’t need the USD, to pick a currency, in anticipated trade, to pick a use, this “debt” to outsiders becomes even more unattractive given alternatives (which is a big part why Switzerland and Germany get away with yields close or below zero).
That’s why usually you’d think outstanding debt together with its currency, or rather exchange of anything in relation to rest of the world. What we currently have is a steady and managed divestment out of US debt at the same time as the USD. On top of that the world is learning where to find alternatives to US goods and services (be it domestic).
8·2 days agoI can make everything fast if it doesn’t need to be correct.
5·2 days agoThough he has access to some radio equipment people usually don’t have and is systematic in his pursuit to learn at which frequency they communicate, he otherwise lacks fundamental knowledge of the field. Since he gives himself access to a storage facility it’s not necessarily his own. (Another inconsistency regarding his respect for property.) Also, his office (I presume it’s his) is not rigged the way. (He is no car mechanic either.)
And, first thing someone with some background in medicine and related trades has (or adventure sports practicioner, or nurse…) when facing 20 day+ treck through dense forest is, you’ll be needing at his body composition 20× 2200 kcal in food minimum = about 15–30kg of solid proviant alone without foraging or hunting. Yet he’s embarking with a 15-20 ℓ backpack. So, neither a soldier, nor game warden, nor farmer.
He’s disinfecting his wounds with absolutely the wrong means (don’t do that!), treats it incorrectly (again, don’t imitate), which rules out he were a trained nurse or medic.
Mystery to me where “that look in his eyes” were coming from, unless maybe mild starvation or dehydration.
24·2 days agoIt used to be food, or rather being depicted as eating, that displayed someone as rich in movies. Eventually it was (and still is) space, as in a spacious home.
(I feel compelled to mention Parasite.)
Now, is this an attempt to position (poor) childless people against other poor people with large families?
Express appreciation for your significant other by a diamond ring—that so needs a counter-narrative!
I realize this is about a token to be admired and shown off to presumed peers, but awfully materialistic even if it not were for the significant chance it supported misery and human rights violations elsewhere. Though I am afraid a remark to that extent would not be enough to sour the mood sufficiently to abolish that “tradition.”
This is a video by Inside China Business about “remote sensing,” i. e. geodata collected by satellites in particular. China is launching their own assets into space and were publishing more research while U.S. numbers in particular are declining.
2·2 days agoDon’t take anything, if even for savekeeping with a confession letter, for you could be reported for stealing. And/or the original recipient maybe prefers to avoid reaching out to others and you’d inconvenience them. Put it in a box that remains on their front porch, out of view from the street if possible.
I don’t know about the jurisdiction, or country really this is happening in, but in mine only police and the fire brigade may open doors or break in (though can and will delegate that privilege). An ambulance is not indicative of anything. Maybe they even have interacted with him canvassing his house, but he send them away fearing the bill, and the medics have been unsure this were an emergency. I used to volunteer as paramedic during Christmas season and seen my share of lonely, depressed, and inebriated people; it’s hard to tell from the outside what’s going on.
So, yeah, I second a wellness check.
Know and accept thy limits.
Though it saddens me that those who have the least, pollute the least. And those who have not catched up yet, perhaps due to a history of colonial exploitation, will suffer the most.
In my mind, this government capture and fight against recognizing externalities is a prominent argument against Capitalism. And also why they so fight against universal healthcare.