Donald Trump's tariffs benefit rich elites at the expense of the majority, argues economist Michael Hudson. He explains how the trade war on China is isolating the US, while encouraging alternatives.
Did I read this right? Hudson thinks this is a war over soy sauce? Do Ben and Michael not realise that soy beans are grown and sold to the massive animal ag industry to feed to farmed cattle to make into 'beef'? Only a tiny percentage is made into soy sauce, which the Chinese could easily grow, it's the tonnes and tonnes, requiring deforestation of Brazil's rainforest, that's the issue here.
China may be using more renewables in their grid but if they're off-shoring the methane producing meat industry and depriving the world of carbon sequestration they are also, along with the US, massively accelerating the climate crisis. Which I still don't think I saw mentioned? What about the massive agricultural migrations occurring within the next decades and what effect are they going to have on geopolitics?
“. . . The traditional Western financial system, still reliant on clearinghouses, intermediary banks, and 3–5 day settlement windows, is being leapfrogged by a 7-second, blockchain-enabled, programmable alternative. . . In pilot tests between Hong Kong and Abu Dhabi, trade settlements using the digital RMB bypassed six banks, slashed fees by 98%, and cleared in real time. No Fed, no SWIFT, no dollar—just code, consensus, and compliance embedded in digital cash.
This is not financial innovation—it’s a new empire built not on colonies, but on code, rails, and programmable trust.
. . . We are not witnessing a mere currency shift—we are seeing the dissolution of a financial monopoly that has shaped the world since 1944.”
FROM:
The Silent Supernova: How China’s [CIPS and] Digital RMB Is Rewriting the Global Financial Order
A lot you could comment on here. "Western" world finance, banking, real estate, insurance etc monopolies (usually with HQ in US) have majority shares in major companies in too many countries, which sucks us into US/Israel dominated demands. US bases throughout the world are being used as threats of military/financial abandonment by US mafia style extortion/persuasion. So of course the decades long Russia and China 'bad' indoctrination has to continue to keep the war machine going. Project 2025's brainwashed Christian Right have been taught to weave end times theology and Christian domination into a genocidal basket, hence Gaza etc.
In Australia we had a nationalised public owned bank, insurance office, communications company etc until most privatised in 1990s. It would be good if people like Ben and Michael started planning and talking about how to get back to public/community control in our so-called democracies. We need solutions for a peaceful co-operative world.
❓What’s to stop ANY StrongArmed Nation from following DCs example and refusing to honor their International Agreement Obligations to DC~ and then joining BRICS❓
Did I read this right? Hudson thinks this is a war over soy sauce? Do Ben and Michael not realise that soy beans are grown and sold to the massive animal ag industry to feed to farmed cattle to make into 'beef'? Only a tiny percentage is made into soy sauce, which the Chinese could easily grow, it's the tonnes and tonnes, requiring deforestation of Brazil's rainforest, that's the issue here.
China may be using more renewables in their grid but if they're off-shoring the methane producing meat industry and depriving the world of carbon sequestration they are also, along with the US, massively accelerating the climate crisis. Which I still don't think I saw mentioned? What about the massive agricultural migrations occurring within the next decades and what effect are they going to have on geopolitics?
Pretty disappointing.
It's been Trump's intention to weaken the U.S.$. all along.
It's a fait accompli.
AMERICANS NEED TO KNOW
“. . . The traditional Western financial system, still reliant on clearinghouses, intermediary banks, and 3–5 day settlement windows, is being leapfrogged by a 7-second, blockchain-enabled, programmable alternative. . . In pilot tests between Hong Kong and Abu Dhabi, trade settlements using the digital RMB bypassed six banks, slashed fees by 98%, and cleared in real time. No Fed, no SWIFT, no dollar—just code, consensus, and compliance embedded in digital cash.
This is not financial innovation—it’s a new empire built not on colonies, but on code, rails, and programmable trust.
. . . We are not witnessing a mere currency shift—we are seeing the dissolution of a financial monopoly that has shaped the world since 1944.”
FROM:
The Silent Supernova: How China’s [CIPS and] Digital RMB Is Rewriting the Global Financial Order
https://www.linkedin.com/pulse/silent-supernova-how-chinas-digital-rmb-rewriting-global-ravi-vs-yukmc
A lot you could comment on here. "Western" world finance, banking, real estate, insurance etc monopolies (usually with HQ in US) have majority shares in major companies in too many countries, which sucks us into US/Israel dominated demands. US bases throughout the world are being used as threats of military/financial abandonment by US mafia style extortion/persuasion. So of course the decades long Russia and China 'bad' indoctrination has to continue to keep the war machine going. Project 2025's brainwashed Christian Right have been taught to weave end times theology and Christian domination into a genocidal basket, hence Gaza etc.
In Australia we had a nationalised public owned bank, insurance office, communications company etc until most privatised in 1990s. It would be good if people like Ben and Michael started planning and talking about how to get back to public/community control in our so-called democracies. We need solutions for a peaceful co-operative world.
There was more to America's early economic growth than tariffs and other policy levers: outright theft.
https://foreignpolicy.com/2019/10/16/china-intellectual-property-theft-progress/
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❓What’s to stop ANY StrongArmed Nation from following DCs example and refusing to honor their International Agreement Obligations to DC~ and then joining BRICS❓
Love it keep up good work.