Which region and currency could be considered more stable going forward? — Christoffer
The world economy is too integrated right now to do much about the reserve currency. Somewhere down the line they might change, but I don't see how it really makes much difference. — frank
I am American. — NOS4A2
Why haven't we done the same when you nuked Japan? — javi2541997
The new world order is that of China's strategy to buy in and own companies in other nations while setting up dependence trade between them and the rest of the world. — Christoffer
How? You really don't know?How do Americans benefit from the dollar being used in global trade? — frank
Common sense suggests that if a country fritters away its borrowed foreign funds on spending that yields no long-term productive gains, then its ability to repay—its basic solvency—might come into question. This is because solvency requires that the country be willing and able to generate (eventually) sufficient current account surpluses to repay what it has borrowed to finance the current account deficits.
Yeah.JD Vance’s speech to Europe’s elites was a dressing-down of the old establishment for their totalitarianism. In it he reiterated what he thought were the shared values of freedom, the ones both purported to fight for in the latter half of the last century, all of which seems to have disappeared in the next. — NOS4A2
And the elections are rescheduled for May. So your pro-Putin candidate can win then, if the Romanians really want him.Vance mentioned that the Romanian courts annulled the election and upended democracy when the populist candidate won, on the premise that Russian misinformation promoted him. — NOS4A2
Former liberal leader Crin Antonescu, the candidate announced by the coalition formed by the Social Democratic Party, the National Liberal Party, and Hungarian minority party UDMR for the presidential elections, stated that far-right politician Călin Georgescu should be able to run in the upcoming elections. According to the schedule agreed by the ruling coalition leaders, the presidential elections should be held again in May.
Reserves of private banks aren't the same as the reserves kept by the central bank. Private banks use the given currency of the country, they don't have to worry about the current account.I think all large banks keep foreign currency reserves. — frank
It's better than military influence, right? — frank
I believe the US should not have inserted itself in European affairs, policed the world, and it is culpable for all of which you mention. Its cultural imperialism has rendered the EU into an overtaxed woke tyranny, a state of affairs which many seek to defend. For a while Europeans were too busy enjoying their freedoms to want to defend them. Who knows where you'd be if the Americans hadn't infiltrated the European psyche? I'm not sure. All I know is it needs to end, and that time might be now. — NOS4A2
And many, including my own president, made the correct conclusion of JD's scolding: this was far more for the American audience (people like you) than it was to engage Europeans — ssu
I disagree. It has very much engaged the Europeans. — Amity
Well, perhaps European countries should start to root for the Democrats — ssu
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