Another Loss for the US: Japan Breaks with Western Allies, Buys Russian Oil at Prices Above Cap

Okay then…
New York Daily Herald 25 Dec 1848, page 4 - Newspapers.com

 

Show us where Soros touched you

 

If only Biden hadn't negotiated that treaty with the Taliban, essentially a surrender, and drawn down our troop levels there so far. Oh, wait....

 

Rick, you strike me as so partisan that the welfare of the country is less important to you than being able to blame Biden for anything you believe, rightly or wrongly, he is responsible for.

 

That “Dewey defeats Truman” story from 70 years ago sure looks stupid and inaccurate today….

 

If China wants to own the quagmire that is the Middle East, have it.
I have said this for years, the 2 greatest advantages to racing out towards renewable energy are;
We can tell the ME, Russia and all the other bad actors with the oil to kiss off.
We would own all the patents on world critical technology before China gets them.

but we are too prideful, myopic, and partisan to do it, so this will be the biggest single strategic blunder in our country’s history. 50 years from now we will be fighting China for favor with the Saudi’s for the scraps of oil we both will need. Or worse, China will have gotten off oil faster than us and we are left trying to hold the petro world together still for our own stability.

 

My point was that you weren’t able to refute my point with anything that wasn’t imaginary.

 

I read a little bit. The point of the article seems to me to be if BRICS countries can create their own non dollar framework. I didn’t see any particular mention of how that negatively affects the US, at least to a significant degree.

 

I mean I suppose if a bunch of countries want to create a currency zone just to undermine the dollar that might be "negative." But the Eurozone isnt exactly smooth sailing, I cant imagine the BRICS countries who barely have any common culture or geography to speak of would make that work or would give up control of their own currency to do that. Seems like it would lead to a lot of weird politics in those countries.

 

The withdrawal from Afghanistan has nothing to do with it. That’s just stupid.

I think the deteriorating relationship with Saudi under Biden is fair game for criticism. There was quite a bit of coverage of that issue during the pandemic and the somewhat humiliating and feckless trip to Saudi with the notorious fist bump with MBS. That got a lot of coverage.

The fact is MBS much prefers Trump.

Ultimately it may be for the best for us to reduce our presence in the region and let China have at it, but it’s going to take time to get there.

 

The dollar being the reserve currency keeps its value propped up and liquid so it has benefits, but also a down side. Trade deficits being one. Here’s a quick article on it, I am using this one because even 9 years ago France was whining about the dollar being the reserve currency. So the fact that they were willing to trade in yuan shouldn’t be a shock.

Being the reserve currency has its privileges and costs - Equitable Growth

 

The main impact is we couldn’t use the dollar as a sledgehammer against them like we did with Russia. Otherwise I didn’t see what materially changes.

 

Yeah, I agree, but mostly I think those countries working together in a EU style currency governance system is a bit pie in the sky

 

I think it is just a currency trading arrangement, not an actual replacement currency is it?

 

I dont know about a common currency, but the article seemed to imply some sort of multilateral governing structure for whatever they are doing?

 

What I can’t figure out is why India is aligned with China.
They aren’t friends.

I actually looked it up, none of the reasons are that compelling to me, other than trying to have their hands in both geopolitical power pots. But their decision I guess.

4 Reasons Why India Supports the BRICS