Re-establishment of clans and tribes will soon become an economic necessity for the poor. Unions would of course be better, but I’m not holding my breath.

it’s probably only beneficial to China if the housing bubble is deflated. Astronomically inflated housing prices are only bad for economic growth in any country as they create unnecessary upward pressure for mortgages and rents that then push up wages in high housing cost areas and therefore make it more unaffordable to do business and produce things.

The only problem is to make sure it doesn’t just spiral out of hand and that all housing projects of Evergrande will finish and people wont lose their homes. Then investors can realize their losses as they should and not expect a bailout.

Fuck the dollar. Nobody knows why the Euro couldn’t do shit to supplant it.

I was designed so that it could not. One primary mechanism is that there are stricter limits to money printing with Euro. One needs money surpluses to send to the world if one wished it to be used in third party trade.

Or they see that US has a economical nuclear bomb in the dollar and it’s increasingly more reckless in it’s use and they naturally want to isolate their economies from the fate that Washington just decides that they are not “free”, “democratic” or somehow against US interest and decide to unilaterally sanction them and keep wrecking their economy until US demands are met. You do know that third of world’s countries are under some sort of US sanctions and very few of them were or are on war footing towards anybody. World wants out of the dollar because US is no longer seen as reliable.

It’s a literal fact and offical position of 99% of world’s countries, including USA, PRC and even ROC that there is no such country as Taiwan separate from the mainland and that there is one entity called China of which the island and the continental areas are both part of. The only argument ever was who is the legitimate government of that China.

Ukrainska pravda

“According to the Ukrainian General Staff…”

And into the trash it goes.

please have some critical eye regarding sources. In war the first casualty is always truth.