A community for discussing events around the World
Rule 1: posts have the following requirements:
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
News !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
What has always made the dollar so attractive is the perception of US stability and predictability; the idea that the USA really did want to facilitate truly global trade.
Trump weaponizing tariffs and otherwise acting like a lunatic (and that the electorate put him in twice) is really shattering to the fundamental rationale for using the USD as the defacto global currency.
Working as intended.
All while providing an "obvious" foil for the educationally challenged to pretend that he's trying his best in good faith, when the destruction of US hegemony is entirely his handler's goal.
Yep, this will go down in the history books as an incredible feat of non-confrontative "silent" warfare by Putin against the entire West. If there are still history books in the future.
The money and resources Putin spent on Trump have yielded a far far better return than it could have had he spent it on his own military.
It's like he just learned the word 'tariff' and needs to include it in every conversation now to show it off.
"This place is so palatial. I had to walk around the entire regalia!"
It's magic, it can automagically solve any unrelated problem. He claimed that tariffs would lower child care costs (of course the ramble doesn't specify how it would lead to lower child care costs because I definitely can't see it leading to countrywide tuition-free public kindergartens like in many European countries)
The only reason BRICS has legs is because of the last Trump presidency. His transactional approach to relations makes working with the US less appealing.
Translation: "If you guys try to move away from the US Dollar, I'm going to tax the shit out of Americans. That'll show you."
Mickey Mousenomics courtesy of a "very stable genius".
Donny's last trade war lost U.S. steel. What well his tariffs loss look like for Americans?
Wait until he realises tariffs can go above 100%
President Evil: One Million Percent!
Euro overtaking the dollar as reserve currency in 3, 2, 1...
Thing is: Much of the volume of USD-denominated trade is habit and inertia, it's a convenient unit of transfer and thus banks keep reserves of it to make transactions with. It took the US blocking a payment from a German customer to a Danish tobacco retailer for banks to switch Euro<->Kroner transactions to not go via USD (Those were Cuban cigars) as standard operating procedure for banks very much involves "don't fix it if it's not broken".
Thus: The more you stir the pot, the more people want to get away from your complications. On top of being a convenient unit of transfer the Euro is also backed by a similarly-sized economy as the dollar and on top of that much more price stable against that economy: The Fed is perfectly willing to inflate the dollar to influence e.g. employment, while the ECB is committed to price stability, rather telling member states to devalue internally if that's what's necessary the prices shall stay the same.
do you have a source on the cigar story?
Misremembered a bit, it was a Danish trader wanting to pay a German trader for a larger shipment. Probably not the best source at all but you'll be able to pin it down more by the date.
I'm sure I found better sources some years ago it almost seems like both google and bing completely obliterated their news index from way back when.
thanks
Yeah? Well I'm threatening a billion percent tariff on Mars unless I get a pony!
The orange nutjob found his new favourite threat
Well he's only got two sticks and no carrots. At least he's choosing a stick that pokes Americans in the eye (tariffs) rather than the other stick (CIA backed coups).
Glhf
...is it time to invest in gold or what?
At least prev govt had a nicer inflation export strategy!
I have never heard this bloc being called "BRIC". Until recently the members were Brazil, Russia, India, China, and South Africa. BRICS. Why did they lose the S?