FuckyWucky [none/use name]

When Dollar is replaced as the reserve currency, America’s imports will shrink and there may be inflation. But it won’t result it in defaulting on its domestic currency.

Any austerity on the US will be self-inflicted (as it is in the UK and Europe). The unwillingness of the US Government to take over the economy from the parasites will make things much worse.

They did that once to Australia.

To be sure, consumers would benefit from lower-priced goods. But persistent economy-wide deflation can also trigger a vicious cycle of lower spending and investment, leading to even weaker growth and higher unemployment.

Unless countered by increased Government spending, they have implemented some stimulus measures but I hope they go for more.

Central Government can always unconditionally invest and spend without caring about turning money into more money.

Its why real wages and unemployment are better measures than solely looking at prices.

Capitalist magazines can’t imagine Government doing stuff other than weapons for genocide or bank bailouts.

That and reduce working hours. Also provide everyone with a job they can fall back on, provided by the state.

“liberation” i dont think its liberation to have bread prices rise by 900%.

It could be considered “fine” if it were only temporary but most likely their real incomes will continue to stagnate for years, decades.

There won’t be any significant recovery. Israel and Turkey are taking their territory, reducing their real resources. The state is completely non-functional and cannot mobilize whatever local resources are available.

Market expectations for the next BOJ rate hike have fluctuated between December and January.

No fucking way they want to hike rates in 2025?

Chinese authorities are demanding wealthy individuals and companies double-check their taxes for unpaid liabilities in a move that threatens to further dent investor confidence in the world’s second-largest economy.

If rich people can’t pay taxes, they shouldn’t be investing.

“China’s fiscal deficits have reached a tipping point,” said Gary Ng, a senior economist at Natixis. “There is more urgency to find alternative revenue sources . . . and taxing the wealthy and some companies creates a less direct economic impact on most residents.”

Economists should be sent to Mars tbh

The profits being made on those assets aren’t being kept for Russia to use in the future. They’re now being used to fund Ukraine

Rachel, Where do “profits” on these assets come from? These aren’t corporate bonds but Government bonds. The Governments (US, UK and others) are paying the defence contractors using public money.

If there were no Russian foreign reserves being stolen, would the west not have sent weapons to Ukraine? Of course not! The weapons manufacturers have to make profits, it would come out of a different Government account.

They are making excuses to make it look like the public isn’t paying for it.

France’s public-sector deficit is projected to reach around 5.6% of GDP this year and go over 6% in 2025. The EU has a 3% limit on deficits.

oh no, not even Germany follows that deficit limit, its literally a number they pulled out of their asses to fuck up welfare systems. fucking BBC

Oh no not the Putler. Will US sanction Israel then?

That video is the kind of shit Hindutva fascists would come up with.

Still a pretty good deal

It’s nice and all but none of the benefits are going to Indian people.

The Indian oil corps (state owned or otherwise) resell it to other countries or sell it domestically at a markup over INTERNATIONAL prices. And the Government adds a tax on top, just pure brilliance.

Capitalists demand “fiscal prudence” so instead of raising taxes on the rich, they squeeze more purchasing power out of the poor. Really stupid.

They can’t do anything because the Government works for the oligarchs. They can’t increase taxes or raise fiscal deficits because foreign investors might get mad and refuse to lend Dollars to the oligarchs.

So, their solution is denial or using neoclassical garbage to blame welfare recipients for not wanting to work.

i disagree, U.S. is plenty capable, third most populous country, vast resources, its political system needs a purge . i would love to see actual competition between China, Russia and the U.S. it would be the best for the Global South but instead we have the U.S. and the west strangling the Global south through its institutions like the IMF.

USSR helped Global South countries tremendously, something which worried the US and forced it to provide economic aid to its own puppets.

Therein lies the crux of the situation. On one hand she is absolutely right. As in Africa, Global South countries are reacting to economic outreach from China and Russia because a) they need it and America (private nor public) isn’t in the game and b) help from China and Russia doesn’t appear to come with as many strings as U.S. assistance might demand.

it would be funny if they help global South countries build up productive forces, but that goes against everything U.S. is about. America doesn’t even have a domestic Marshall plan.

Kier Stalin, run the fascists over with tanks.

Jk he only uses state violence against anti-genocide protestors.

In May, officials unveiled the biggest rescue package yet. It contains a 300 billion-yuan ($42 billion) central bank fund that attempts to help local governments buy finished but unsold homes and turn them into subsidized housing.

Separately, the IMF warned of “significant downside risks” to China’s inflation outlook, saying “a negative domestic demand shock amid high debt levels could trigger a period of sustained deflation.”

Does it tough? Why would aggregate demand collapse because of real estate developers going bankrupt? They make up a small part of the population and hoard more of their wealth. Also, very funny that IMF only cares about private debt buildup when it affects the .

Where is the concern for a demand shock when you pressure Kenya and Nigeria into raising sales taxes, which has much greater impact on aggregate demand?

yea i know, I was talking from the Israeli Zionist perspective. Of course, a one state solution is the best solution.

i think ‘rational’ is sticking to the two-state solution. ‘Liberal’ Zionism is fading away.