Recent comments in /f/worldnews

partysnooper t1_jedptoz wrote

Reply to comment by Ancient_Artichoke555 in China calls US debt trap accusation 'irresponsible' by BubsyFanboy

Damn that was a full lecture. Thank you for your time for the explanation.

>I can remember a person was quantified or computed by using a unit of rice that equated to a handful.

I guess China plays Shogun Total War real life.

It actually makes sense why they want so much dollars if their currency is bogus one.

There were also rumors at the start of war Russia sold dollars for yuan to China, but after a couple of months wanted to trade the yuan back for dollars, but China didn't want them. So this makes more sense now as well.

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zusykses t1_jedp942 wrote

Reply to comment by Master_Income_8991 in China calls US debt trap accusation 'irresponsible' by BubsyFanboy

China didn't foist this port on Sri Lanka, and the debt Sri Lanka sought to pay off by working out the HIPG deal had nothing to do with the China Eximbank loans that Sri Lanka received - it was due to some ISBs (International Sovereign Bonds) that were due to mature; nothing to do with China. There's some valid criticisms to be made against China but honestly most of the failures here seem to be caused by financial mismanagement by successive Sri Lankan governments, unfortunately.

As far as the port being used for husbanding Chinese submarines I have no idea what you're talking about but if you've got a source I'd like to read it.

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neverbeenwrongb4 t1_jedoq9s wrote

Reply to comment by Master_Income_8991 in China calls US debt trap accusation 'irresponsible' by BubsyFanboy

The asset sell-offs aren't collateral for the loan. They're part of the IMF's "good government" requirements. Some of those requirements are perfectly reasonable, reining in corruption and state embezzlement and such. But they make very politically controversial demands to cut subsidies, lay off government workers, and privatize state-owned industries like railroads, airlines, telecoms, power plants, even minerals and oil. And privatizing those industries means selling them off to the highest bidder: typically Western foreign capital.

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Mushroom_Tip t1_jedoo1j wrote

Reply to The Catholic Church took a fresh step Thursday in acknowledging abuse endured by Indigenous peoples with the Vatican formally rejecting 15th-century papal edicts that empowered Europeans to colonize non-Christian lands by DoremusJessup

In 600 years maybe they will apologize to the African people for telling them using condoms is evil during the height of the AIDs epidemic and millions of children being born with HIV.

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Ancient_Artichoke555 t1_jedobfd wrote

Reply to comment by partysnooper in China calls US debt trap accusation 'irresponsible' by BubsyFanboy

I was made aware by documentary source.

And for the life of me I want to be able to re-watch and wish I knew how to find it. I have tried and tried and tried searching through the pbs source I watched through and have been unsuccessful.

So I found two currencies either in a documentary about warehousing somewhere in China that has a “free trade” area that basically helped buyers and sellers use a space that basically talk around the money issues with wine purchases. Like importing and duty and legalities in that nature.

I have wanted to see this documentary again for the warehousing aspects. Like the fundamentals or principles of warehousing viewpoints were something to want to see again.

Or a documentary about the artist Ai Weiwei. I could probably find this documentary and watch to see if this knowledge was mentioned at a particular part when money just starts to anonymously be gifted by the people to help him settle bail and court and the like. They either raised his bail, or that is when it is said the second currency didn’t have the same value as the other at the time so he needed more.

IIRC I do believe it’s called the peoples money and the states money that are the two currencies running in or used in China by the people. China tightens up the use of iirc the peoples money when there isn’t enough states money being utilized or weak I suppose you’d call it. When there’s enough stability of the states money the people are not scrutinized and go back to using the peoples money.

The only other things within the warehouse documentary or what I am calling the warehouse documentary also had tellings on a scale of food to people ratios.

I can remember a person was quantified or computed by using a unit of rice that equated to a handful.

I so want to watch this documentary again. You have started me to want to search again and 😲😫 I’m waiting for my router to be fixed and I can’t even search 😖

But I can speculate that chinas if they were smart they started collecting greenback their own selves for the value of the us dollar. That ohh so badly do they want to flip.

I mean if they’re the ones supplying Mexico with raw materials to make dope, and Mexican cartel has nothing but greenbacks 🤷🏻‍♀️ I’ve seen other countries trade in currency and the American greenback is top notch even in places I would have thought not.

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