FuckyWucky

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[–] FuckyWucky@hexbear.net 3 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

Isn't the effectiveness of RRR doubtful even in "scarce reserves" regime like China? Are they doing it because they assume the monetarist loanable funds or because RRR is actually somewhat effective given the public sector nature of China's banking system. But even then, PBOC has to backstop any system wide reserve shortage.

[–] FuckyWucky@hexbear.net 27 points 2 weeks ago (1 children)

Corruption: Russia because the US and the West helped concentrate wealth and power among oligarchs.

Economic policy : Russia in the 1990s, whose policy was dictated by US and the West.

US is getting a taste of what it did to other countries.

[–] FuckyWucky@hexbear.net 51 points 2 weeks ago* (last edited 2 weeks ago)

Other fascistic countries are copying Trump admin's arguments on deportation, almost like they put it through ChatGPT to change the wording slightly:

The Union Home Ministry’s (MHA) appeal against a Jammu and Kashmir High Court order to repatriate a 62-year-old housewife who was deported to Pakistan post Pahalgam terror attack said the “judiciary should not override” the executive’s decision to deport a foreign national.

It said the High Court order was constitutionally impermissible and unsustainable, as it directed the enforcement of a judicial writ beyond the sovereign territory of India to Pakistan, where she was deported and was thus ultra vires.

The Ministry also said that the court’s direction was “legally unenforceable and diplomatically untenable”.

“There exists no extradition treaty, legal instrument, or international obligation binding Pakistan to return her to India. The Indian government cannot, under existing international law, compel a sovereign nation to surrender a non-citizen,” the MHA said.

Source

versus

A federal judge did not have the authority to order the Trump administration to broker the return of a Maryland man who was mistakenly deported from the U.S. to a notorious El Salvador prison, government attorneys argued Saturday as they urged an appeals court to suspend the ruling.

U.S. District Judge Paula Xinis on Friday ordered the administration to "facilitate and effectuate" Kilmar Abrego Garcia's return to the U.S. by late Monday night. Justice Department lawyers asked the 4th U.S. Circuit Court of Appeals to immediately pause the judge's order.

"A judicial order that forces the Executive to engage with a foreign power in a certain way, let alone compel a certain action by a foreign sovereign, is constitutionally intolerable," they wrote.

Abrego Garcia's lawyers in response on Sunday urged the court to deny the government's request, arguing lawyers for the Justice Department failed to demonstrate their argument would likely succeed on the merits. They also argued the government's claim that the order to return Abrego Garcia "is neither possible nor proper" is "wrong on both counts."

Source

[–] FuckyWucky@hexbear.net 4 points 2 weeks ago* (last edited 2 weeks ago)

Yes yes I fixed it. My point is not that it's unimportant but that domestic soverign yields can be pegged, managed and even when not there are market expectations about it being risk free in nominal terms (which it is against involuntary default). Foreign exchange rates can't be pegged (atleast forever and esp not with open capital flows).

[–] FuckyWucky@hexbear.net 34 points 2 weeks ago* (last edited 2 weeks ago) (7 children)

Another win for the "nothing ever happens", kinda

Something is happening with the Dollar index, that's the measure to watch, never local currency sovereign bond yields.

[–] FuckyWucky@hexbear.net 60 points 2 weeks ago* (last edited 2 weeks ago) (3 children)

Anyone remember trumps silly military "parade" sponsored by coinbase and palantir? chomsky-yes-honey No one cares now ig.

[–] FuckyWucky@hexbear.net 50 points 2 weeks ago

Yea the more neoliberal democrats criticized it for increasing the deficit and nothing else.

[–] FuckyWucky@hexbear.net 10 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

I don't support consumption subsides. The Government could guarantee everyone a basic job which pays $600/m for 40 hour work weeks (for example) so that private sector is forced to pay this much. Ik you agree with this too.

I do not think the idea that people should have purchasing power to buy goods is anti Marxist at all. Feels like the Twitter discourse about New York wage increase being bad because it increases private profit. Yea no shit, capitalists earn what they spend and workers spend what they earn etc. If you don't want private profit, promote Government spending on productive investments then.

Many Marxist economists support "consumption led" growth, they always point out the issue is always sound finance neoliberal mindset and class . And China isn't invulnerable to such mindset either given diverse views among its leadership.

Western leftists will soyface over stimmy checks in their countries, their only complaint being how low it was. But no one dare want a third world country to augment purchasing power (as I said previously, I don't support stimmies even in third world, esp one off stimmies). Give people jobs, give workers more leverage over capitalists by weakening the threatening mechanism of unemployment. And those who can't work must be provided with basic income. All these should be rights.

When you have a mixed economy there has to be some profit. This kind of competition promotes long hours and low pay for workers. That's the main problem I see.

[–] FuckyWucky@hexbear.net 37 points 2 weeks ago

Anne Marie Slaughter i-cant

And the economist guy is obsessed with betting markets of all things. Great people to have on.

[–] FuckyWucky@hexbear.net 3 points 2 weeks ago

pre builts maybe?

 

Elon Musk as the ~~Foreign Minister~~ Secretary of State?

 

It's still pretty early in the genocide but the damage is easily visible

 
 
185
submitted 8 months ago* (last edited 8 months ago) by FuckyWucky@hexbear.net to c/chapotraphouse@hexbear.net
 

Like that's a self dunk. Why did Democrats vote with Republicans? Why weren't they instantly executed? Why were such opportunists allowed in the party?

https://x.com/freedomrideblog/status/1853181474133995937

 

Deifict hawking in the US in 2024? Sounds great for global capitalism. US is THE consooming engine.

Atleast Argentina is a smaller country. Atleast Russia was disconnected from rest of the capitalist world pre 1990s.

And it's by no means "radical". Bill Clinton the neoliberal establishment guy ran budget surpluses in the 1990s, sucked money away from the (mainly poor) people and increased household debt.

 

But a global downturn in demand for mined diamonds, which account for more than 80 percent of the Southern African exports, has taken a toll on the economy.

Another L for IMF's "export led growth" model causing economic hardships.

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