As she likely explained, it has nothing to do with de-dollarization or competing at the same level but creating a more 'democratic-oriented' (note I didn't say 'democratic') multi-polar world.
To my mind this is more akin to managing the Commons.
I’ve been surprised that the topic of China’s local government financial imperative hasn’t been discussed more explicitly. The chief motivation for China’s housing construction bubble is driven by their imperative for revenue. Development is the only source of revenue they have.
And it is analogous to the forces driving the US housing crisis. The maintenance cost of suburban sprawl appears 25 years after development has occurred. Property taxes do not cover the cost of that infrastructure, municipalities, chiefly subsidize, suburbia by pillaging money from downtown and poor neighborhoods or by sprawl to bring in fresh revenue. The problem for many municipalities is they’ve run out of territory they can sprawl into, and the payload of existing debt only expands, while the economic activity is the spread even more thinly over and expanding or wildly expanded suburban landscape.
It is a chief source of financial insolvency that is endemic to US cities. Outside of organizations like Strongtowns, the endemic financial insolvency of US cities is entirely unreported and remarked on.
But wait kids there’s more! The foxes that will be running the chicken coop in a few months, make good on their decades long desire to force the US into default, destroy the US dollar and the federal government. An alternative to the US dollar will be inevitable. These are right wing libertarian “anarcho” capitalists who have long shot to bring down the government and rule on its ashes.
My only hope is in destroying the dollar, they wreck their data centers, which will freeze their surveillance capabilities. None of that is cheery, but I think it’s one of the sole pathways we may have to digging out from underneath these totalitarian delusional sociopaths. Will Tye and Doug be able to model the shock? Probably not. Because I think it destroys the basis for almost any aspect of MESSI.
Yes indeed. I also see more property for Blackrock, and more households forced into rentals. There is probably a breaking point for this, somewhat like Chile eventually realizing neoliberals were just right-wingers, AnCaps in sheep clothing. Short-mid term dire times for the USA middle and lower class. And notice how slow Chile has been in getting fully out of the neoclassical/NK rut.
I cannot see the Agent Orange administration destroying the USD. How does one even do that? They'd have to close down the entire IRS. Before that happens there will be an inflation scare (well before anyone stops accepting USD for payments) and the other enshittified neoliberals will get their turn again... probably. I just don't share your opinion that USA culture will permit outright fascism. You have too many actual naive libertarians for that, a lot in Silicon Valley. They might like some of the fascist anti-woke policy, but when push comes to shove they'll want their "freedoms". Irony dripping. Freedom to gut the poor with rents.
Whatever it is that will actually collapse (not just whatever the screaming hoards on youtube and X are claiming every other day is about to collapse, "just give it a month!" lol. Including the Ai bro Singularity mofos.) then I hope I am still around to see the other side of it, for nostalgia sake. BTW great documentary on nostalgia re: Pinochet horror dark ages, _Nostalgia de la Luz_ 2010. I think in the distant future there will be a lot of that from us "old timers".
The US just voted total control of the federal government to the GOP. The current of the party absolutely meets the criteria. The party also controls a great number of states. If you look at a U.S. political map, it’s that huge red center..
What you consider to be naïve libertarians are right wing naïve libertarians. Their interpretation of the destruction of the US dollar and the destruction of any form of government is ideological fulfillment for them. They won’t see it as a descent fascism.
The coalition of negatives has caught the car, where is the check and where is the balance? Other than the factional conflict this coalition of negatives intrinsically has, there is none. These guys have been dedicated to creating a permanent underclass for a half century.
As she likely explained, it has nothing to do with de-dollarization or competing at the same level but creating a more 'democratic-oriented' (note I didn't say 'democratic') multi-polar world.
To my mind this is more akin to managing the Commons.
Right. And so there should be no barrier to entry into the BRICS payment layer. So they are not there yet.
I’ve been surprised that the topic of China’s local government financial imperative hasn’t been discussed more explicitly. The chief motivation for China’s housing construction bubble is driven by their imperative for revenue. Development is the only source of revenue they have.
And it is analogous to the forces driving the US housing crisis. The maintenance cost of suburban sprawl appears 25 years after development has occurred. Property taxes do not cover the cost of that infrastructure, municipalities, chiefly subsidize, suburbia by pillaging money from downtown and poor neighborhoods or by sprawl to bring in fresh revenue. The problem for many municipalities is they’ve run out of territory they can sprawl into, and the payload of existing debt only expands, while the economic activity is the spread even more thinly over and expanding or wildly expanded suburban landscape.
It is a chief source of financial insolvency that is endemic to US cities. Outside of organizations like Strongtowns, the endemic financial insolvency of US cities is entirely unreported and remarked on.
But wait kids there’s more! The foxes that will be running the chicken coop in a few months, make good on their decades long desire to force the US into default, destroy the US dollar and the federal government. An alternative to the US dollar will be inevitable. These are right wing libertarian “anarcho” capitalists who have long shot to bring down the government and rule on its ashes.
My only hope is in destroying the dollar, they wreck their data centers, which will freeze their surveillance capabilities. None of that is cheery, but I think it’s one of the sole pathways we may have to digging out from underneath these totalitarian delusional sociopaths. Will Tye and Doug be able to model the shock? Probably not. Because I think it destroys the basis for almost any aspect of MESSI.
https://washingtonspectator.org/peter-thiel-and-the-american-apocalypse/
Yes indeed. I also see more property for Blackrock, and more households forced into rentals. There is probably a breaking point for this, somewhat like Chile eventually realizing neoliberals were just right-wingers, AnCaps in sheep clothing. Short-mid term dire times for the USA middle and lower class. And notice how slow Chile has been in getting fully out of the neoclassical/NK rut.
I cannot see the Agent Orange administration destroying the USD. How does one even do that? They'd have to close down the entire IRS. Before that happens there will be an inflation scare (well before anyone stops accepting USD for payments) and the other enshittified neoliberals will get their turn again... probably. I just don't share your opinion that USA culture will permit outright fascism. You have too many actual naive libertarians for that, a lot in Silicon Valley. They might like some of the fascist anti-woke policy, but when push comes to shove they'll want their "freedoms". Irony dripping. Freedom to gut the poor with rents.
Whatever it is that will actually collapse (not just whatever the screaming hoards on youtube and X are claiming every other day is about to collapse, "just give it a month!" lol. Including the Ai bro Singularity mofos.) then I hope I am still around to see the other side of it, for nostalgia sake. BTW great documentary on nostalgia re: Pinochet horror dark ages, _Nostalgia de la Luz_ 2010. I think in the distant future there will be a lot of that from us "old timers".
The US just voted total control of the federal government to the GOP. The current of the party absolutely meets the criteria. The party also controls a great number of states. If you look at a U.S. political map, it’s that huge red center..
https://en.wikipedia.org/wiki/Palingenetic_ultranationalism
What you consider to be naïve libertarians are right wing naïve libertarians. Their interpretation of the destruction of the US dollar and the destruction of any form of government is ideological fulfillment for them. They won’t see it as a descent fascism.
The coalition of negatives has caught the car, where is the check and where is the balance? Other than the factional conflict this coalition of negatives intrinsically has, there is none. These guys have been dedicated to creating a permanent underclass for a half century.
Great interview