ironsoap
Economists at JP Morgan, the largest US bank by assets, published a research paper on de-dollarization in 2023.
In reference to the global economy as a whole, they concluded that, “while marginal de-dollarization is expected, rapid de-dollarization is not on the cards”.
However, they argued that, “Instead, partial de-dollarization — in which the renminbi assumes some of the current functions of the dollar among non-aligned countries and China’s trading partners — is more plausible, especially against a backdrop of strategic competition”.
The JP Morgan economists added, “This could over time give rise to regionalism, creating distinct economic and financial spheres of influence in which different currencies and markets assume central roles”.
This seems inline with the Chinese leadership game of influence, as well as the clown show that the US has become. Even with the interest still there from the US standpoint two decades of GWT, the lack of prioritize spending on following our so called values, the very high debt to GDP ratio we are running, the lack of real legislative ability, plus other challenges, all make the fundamentals seem less fundamental. Although China very much has it’s own issues such as an excess of manufacturing, a housing bubble, and a very steep demographic bubble. So their fundamentals are seemingly similar in question, but they have a marked ability to pivot quickly and do seem to be using their status as the 2nd largest economic to garner the same level of influence.
Whether either has staying power of economics and global influence for the next 50 years is a very interesting question.
I certainly don’t count the US out yet, but even if the election settles things down, there is some real work to do which has little to do with the current hotly discussed policy topics. I’d be curious about your opinions?
True, but worth reading their about page and privacy page. Not saying it’ll stay this way, but the way they are running is something that makes more sense then being sold as a product to Google. And you aren’t getting much of an incognito these days with all the fingerprinting they are doing.
I will admit kagi search isn’t the highest performer, but it’s viable. DDG, Start page, etc. Might give you more privacy, or not (hard to tell with DDG these days), but it might be worth trying a different model for a while.
I miss the days when the internet was truly free, but in lieu of that we have to have something better. Kagi is a start.
Yes evolution involves pressure, however the nuance here is how much pressure and how much change is happening how fast.
Unlike evolution, human can use rational thought and the scientific method to analysis and engage in and affect our environment. So we can learn from it as well as change it. Obvious perhaps, but I mentioned it as I work on a research vessel which constantly sees new unseen species of life which we don’t know the value of.
Of those that have been studied one is in trials as an anticancer drug. And it’s only one because the backlog of studies required is incredibly deep. Thousands at least, possibly tens of thousands. Millions if you include bacteria and virus. For ever new species we find it might take years to be fully cataloged, and then more years to be studied, before someone might find a tangential use for it.
So an unexplored cave, or an untouched lake in Antarctic is a vast wealth of potential cures, innovation, and ancient information which could change our lives. Yes we can and do put pressure on our ecosystem (and vice versa), but the Anthropocene extinction we are causing might include us if we don’t leverage our ability to abstract and cognate faster then evolutionary pressure pushes us.
Want countries to re-dollarize, you have to incentivize the, which probably means making the US the dynamic yet stable economic it was. Punishing countries, how laughable.
I think that ship has sailed though, as globalization has caught up yet again.
That’s an interesting example, I’ll have to look it out and see if the context bears it out. I say that as although yes he might have only gotten 43%, the question is how many registered voters didn’t vote and how many eligible but unregistered voters there were.
Vermont has a fairly high voter turnout, but looking at Vermont’s Secretary of State 2016 had a voter turnout of 63% of Voting Age Population from census population. So that 185k of 505k thousands people who didn’t vote.
Also if I have the right numbers from Vermont’ SOS, that’s 43% of the state total 63% who voted.
I’ve read other demographic breakdowns on those who don’t vote which is worth looking into, but it’s hard for me to see someone say that there isn’t a mass when we have this huge population of American citizen who don’t vote. Something between 35-45% of the US just doesn’t. That’s a huge swath of disenfranchised people.
Glad the MLS is no longer used.
Cool map! Do you have a source? Curious if they’ve done other countries.
What’s the privacy criteria you are thinking about?
