REAL WORLD EVENT DISCUSSIONS

Did he REALLY say that?

POSTED BY: 1KIKI
UPDATED: Tuesday, September 10, 2019 02:14
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Sunday, September 8, 2019 8:50 PM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.


So I was reading something and it made outlandish claims.

Not just Trump ... Macron ALSO called for Russia to be readmitted, to recreate the G8. REALLY?

YUP - https://www.cnn.com/2019/08/20/politics/donald-trump-russia-g8-g7/inde
x.html





At a G7 press conference in Biarritz Macron said: “We are living the end of Western hegemony.” REALLY?

YUP - https://www.washingtonpost.com/world/europe/the-latest-macron-calls-fo
r-new-relations-with-russia/2019/08/27/6402c578-c8b6-11e9-9615-8f1a32962e04_story.html
"Aug 27, 2019 - In a sweeping diplomatic speech Tuesday, Macron said “we are living the end of Western hegemony” in the world ..."



At Jackson Hole, the president of Bank of England Mark Carney said USD dominance in global trade should be scrapped for a basket of currencies. REALLY?

YUP - https://www.cnbc.com/2019/08/23/cnbc-exclusive-cnbc-transcript-federal
-bank-of-england-governor-mark-carney-speaks-with-cnbcs-steve-liesman-from-fed-summit-in-jackson-hole-wy-today.html
"STEVE LIESMAN: Give us the thumbnail. Why can’t the dollar be the global currency? ... It would be spread out if it was a global basket of currency is what you are saying.
MARK CARNEY: It would be spread out as a global basket of currencies. It is better for the system as a whole. It raises that equilibrium level of interest rates. ... It gives central banks more -- it gives people who are watching greater returns on their savings."

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Sunday, September 8, 2019 9:55 PM

6IXSTRINGJACK

[/i]


Interesting.

Wonder how that would play out. If every country in the world used one single currency.

I kind of can't wrap my mind around it. Would India be completely f'd and lose all of those jobs we outsource because they're all of the sudden paid the same as us? Or would nobody ever hire anybody in the US again because our cost of living here is so high? Would it be an equal playing field for everybody? Or would it be just another handout, this time on a global scale.

I really can't imagine that we'd have anything to gain but everything to lose in that scenario. I'm curious to any legitimate discussion by anybody who thinks it is a good idea, presents an actual case for it, and doesn't debase themselves by hurling insults my way.



Do Right, Be Right. :)

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Sunday, September 8, 2019 11:32 PM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.


There's a lot to unpack in those statements!

But I wanted to point out that it isn't just a certain 'kind' of person who thinks Russian relations should be returned to a more normal state - because Macron thinks so too. It isn't just a certain 'kind' of person who uses words like hegemony, and understands the concept behind it - because Macron does, too. And it isn't just a certain 'kind' of person who thinks unaccountable people get together in high priced enclaves to determine the fate of the global economy - because the president of Bank of England did just that.

All unthinkable to the vast majority of people in the US, and yet, part and parcel of the facts of how the planet is run.

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Monday, September 9, 2019 10:18 PM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.


Not only did Macron say that the days of western 'hegemony' were over, and Russia should be readmitted to reconstitute the G8,
Quote:

France Says Time Has Come To Ease Tensions With Russia
French Foreign Minister Jean-Yves Le Drian has called for an easing of tensions with Russia as a delegation of top French ministers met with officials in Moscow on Monday.
Russian Foreign Minister Sergei Lavrov responded by saying the rebuilding of ties was “possible and necessary” — this after French President Emmanuel Macron hosted President Vladimir Putin in southern France last month for talks.



Those damn Rooskies are everywhere!
/irony

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Monday, September 9, 2019 11:34 PM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.


Quote:

Originally posted by 6IXSTRINGJACK:
Interesting.

Wonder how that would play out. If every country in the world used one single currency.

I kind of can't wrap my mind around it. Would India be completely f'd and lose all of those jobs we outsource because they're all of the sudden paid the same as us? Or would nobody ever hire anybody in the US again because our cost of living here is so high? Would it be an equal playing field for everybody? Or would it be just another handout, this time on a global scale.

I really can't imagine that we'd have anything to gain but everything to lose in that scenario. I'm curious to any legitimate discussion by anybody who thinks it is a good idea, presents an actual case for it, and doesn't debase themselves by hurling insults my way.



Do Right, Be Right. :)

Well, afaik they're not talking about a one world currency with individual countries replacing their internal currencies with the - let's call it the 'worldie'. As I understand it, at the moment I think roughly 70% of all world trade is valued in dollars, and dollars are electronically exchanged through SWIFT. So countries have to have a certain number of dollars in reserve, to enable these dollar-denominated purchases. (This is aside from the 'petrodollar' where OPEC oil sales are to be made in USD; and being increasingly bypassed by nation-to-nation deals made in denominations other than USD, like the ruble/yuan Russia/China contract.) USD denominated sales plus SWIFT helps make the USD valuable globally. If Bolivia want to sell coffee to England, England needs dollars to make the purchase, and Bolivia gains dollars to in turn buy wheat from Australia. But if trades are denominated in a 'basket of currencies' instead, the USD becomes less attractive, and its value in the currencies market goes down.

But, if I've misstated - I hope someone will help me out!

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Monday, September 9, 2019 11:38 PM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by 1KIKI:
Quote:

Originally posted by 6IXSTRINGJACK:
Interesting.

Wonder how that would play out. If every country in the world used one single currency.

I kind of can't wrap my mind around it. Would India be completely f'd and lose all of those jobs we outsource because they're all of the sudden paid the same as us? Or would nobody ever hire anybody in the US again because our cost of living here is so high? Would it be an equal playing field for everybody? Or would it be just another handout, this time on a global scale.

I really can't imagine that we'd have anything to gain but everything to lose in that scenario. I'm curious to any legitimate discussion by anybody who thinks it is a good idea, presents an actual case for it, and doesn't debase themselves by hurling insults my way.



Do Right, Be Right. :)

Well, afaik they're not talking about a one world currency with individual countries replacing their internal currencies with the - let's call it the 'worldie'. As I understand it, at the moment I think roughly 70% of all world trade is valued in dollars, and dollars are electronically exchanged through SWIFT. So countries have to have a certain number of dollars in reserve, to enable these dollar-denominated purchases. (This is aside from the 'petrodollar' where OPEC oil sales are to be made in USD; and being increasingly bypassed by nation-to-nation deals made in denominations other than USD, like the ruble/yuan Russia/China contract.) USD denominated sales plus SWIFT helps make the USD valuable globally. If Bolivia want to sell coffee to England, England needs dollars to make the purchase, and Bolivia gains dollars to in turn buy wheat from Australia. But if trades are denominated in a 'basket of currencies' instead, the USD becomes less attractive, and its value in the currencies market goes down.

But, if I've misstated - I hope someone will help me out!



It's all above my paygrade...

I'd better buy all the stuff I need to fix my house soon before this type of shit hits the fan and I can't afford it anymore.



Do Right, Be Right. :)

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Tuesday, September 10, 2019 2:14 AM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.


Quote:

Originally posted by 6IXSTRINGJACK:
Interesting.

Wonder how that would play out. If every country in the world used one single currency.

I kind of can't wrap my mind around it. Would India be completely f'd and lose all of those jobs we outsource because they're all of the sudden paid the same as us? Or would nobody ever hire anybody in the US again because our cost of living here is so high? Would it be an equal playing field for everybody? Or would it be just another handout, this time on a global scale.

I really can't imagine that we'd have anything to gain but everything to lose in that scenario. I'm curious to any legitimate discussion by anybody who thinks it is a good idea, presents an actual case for it, and doesn't debase themselves by hurling insults my way.



Do Right, Be Right. :)

Quote:

Originally posted by 1KIKI:Well, afaik they're not talking about a one world currency with individual countries replacing their internal currencies with the - let's call it the 'worldie'. As I understand it, at the moment I think roughly 70% of all world trade is valued in dollars, and dollars are electronically exchanged through SWIFT. So countries have to have a certain number of dollars in reserve, to enable these dollar-denominated purchases. (This is aside from the 'petrodollar' where OPEC oil sales are to be made in USD; and being increasingly bypassed by nation-to-nation deals made in denominations other than USD, like the ruble/yuan Russia/China contract.) USD denominated sales plus SWIFT helps make the USD valuable globally. If Bolivia want to sell coffee to England, England needs dollars to make the purchase, and Bolivia gains dollars to in turn buy wheat from Australia. But if trades are denominated in a 'basket of currencies' instead, the USD becomes less attractive, and its value in the currencies market goes down.

But, if I've misstated - I hope someone will help me out!

Quote:

Originally posted by 6IXSTRINGJACK:

It's all above my paygrade...

I'd better buy all the stuff I need to fix my house soon before this type of shit hits the fan and I can't afford it anymore.



Do Right, Be Right. :)

Yeah - it's above mine, too. But now that I'm retired and not spending all my oomph at some pre-set schedule ... and I can sleep and rest enough to make up for the pain and fatigue ... I'm enjoying being able to just pursue a topic I'm interested in to my heart's content - something I havn't been able to do since, oh, maybe high school.

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