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Joined 2 years ago
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Cake day: June 18th, 2023

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  • I will be very surprised if China can’t make their own competitive AI chips soon.
    Huawei and SMIC are steaming ahead on developing better chips as much as ever despite the sanctions.
    USA is sorely mistaken if they think they still have the upper hand against China. USA is also losing soft power fast with old allies, and this has already resulted in ASML opening office in China again.
    Probably because China has figured out the basics of how to make EUV themselves, so it’s only a matter of time before ASML becomes irrelevant in China, Unless they ignore American demands of sanctioning China completely, terms which demand ASML can’t even maintain already delivered equipment!

    We are already seeing clear signs of Europe ignoring American demands, and USA losing their soft power. Because they are alienating allies.

    And Trump weakening USA in that regard is emboldening China to fight back. Denying USA access to crucial rare earth minerals, That ultimately will result in American EV products to become inferior on both engines and batteries.

    Denying China chips will slow them down intermittently, but it will accelerate their efforts to catch up on both production and design of their own chips, ultimately making China more independent.

    It’s funny how China is always blamed for not buying American products, and when they do, USA is sanctioning them to try to slow them down. 😋

    USA is teaching China that they can’t rely on others especially USA, they need complete technological independence, and they need to be able to deal with USA from a postion of strength. The way Trump is acting will sour the relations for decades.




  • Maybe not, but when the dollar declines, everything else is up relatively. so the losses on dollars are recouped in increase in native and other currencies for those countries.
    Unstable markets are generally unhealthy for everybody, but obviously a declining US economy is worst for USA.
    Trump actually want the dollar to decline, he thinks USA can export more and import less, and he is getting what he asks for. But it will mostly be import less, and not so much export more.

    The US trade war (tariffs) are way more serious than the declining dollar.
    Everybody else is already increasing activities around USA.
    If the dollar remains stable it doesn’t make a hoot of a difference to change our reserve currency to something else for anybody else but USA.
    For Europe to change it to Euro would be HUGELY beneficial. For everybody else it doesn’t matter.

    If Saudi Arabia sell oil for Euro instead of USD to Europe that’s a HUGE advantage for Europe.
    If they sell to other countries for Euro instead of USD, it makes no difference for either party.
    But USA will in both cases have to buy their own dollars back, and that will make the dollar fall.

    Do we (the rest of the “free” world) want this? No!
    Did we ask for this? No!
    Did we cause this? No!

    Did USA cause this? Yes.



  • I never claimed it wouldn’t affect the world, only that it wouldn’t be a problem, it just means selling off USD to buy other currencies to trade with instead, that is obviously not a problem. Only USA will be affected negatively by their currency being sold and losing value. If this happens fast the USD will plummet. And that will probably mean vastly increased interest rates and inflation in USA.



  • we must do this to protect our brand

    They removed it because it was factually false. Not just “to protect the brand”.

    whose ultimate executive is the government

    That doesn’t change the fact that the “documentary” was factually wrong and decidedly misleading. It was not removed due to political pressure, it was widely criticized by economists too. The whole thing was essentially libel, and could have been legally removed if they hadn’t done so themselves. This insinuation of conspiracy is disgusting!!

    I have known about Kryolit since the 70’s, and it was NEVER a golden business, and already back then only marginally profitable, with considerations to shut it down.

    Meaning this all dates back to before Greenland became Autonomous in 1979. If Kryolit had been found anywhere else in Denmark, it wouldn’t have been treated differently.
    The difference today is that Greenland and Faroe Islands have way more self determination than any other part of Denmark.




  • The USD is the most used reserve currency, that will probably remain the case for a while yet, but it will probably decrease, and other currencies will be used more.
    That’s not a problem for the world, only for USA. As it will make it necessary to print less money, and/or increase interest rates to stave off inflation. This will of course make USA a bit poorer than it would have been otherwise.
    How dramatic the effect will be obviously depends on the speed this will happen at. I think it will be slow, so not very dramatic.

    But I don’t think Trump understands the privilege it has been for USA to have the world leading reserve currency.


  • I’d say EU is the best spot. But I may be biased. But IMO EU stands for reliability economically, and in political direction, and in respect for its citizens and in international relations.

    With China we have seen the system can make harmful interference as we saw with Jack Ma. So for me China is not an option either. It’s actually worse than USA, although not by much.