On the dollar losing its purchasing power though, remember that standard of living has also massively increased. And part of the reason for the loss in purchasing power is inflation, of which economists generally regard a low level of inflation as healthy as it allows for the ability to reduce the money supply without causing deflation.
I agree with you - as do most economists and analysts - yetttttt - this divestment away from the dollar by China looks like a country watching what economic sanctions did to Russia and building alternate financial pathways for important suppliers of food, oil and raw materials so that if a conflict begins, sanctions could be circumvented.
www.politico.eu
"Strategic Autonomy" my ass.And French President Macron had some remarks in China:
Europe must resist pressure to become ‘America’s followers,’ says Macron
The ‘great risk’ Europe faces is getting ‘caught up in crises that are not ours,’ French president says in interview.
Wasnt enough the bastards kicked the US out, they plowed up all the USAF golf courses.
Very French thing to say, but I think Mr. Macron has bigger fish to fry in his on homeland. This is just deflection.Saw a couple of interesting items: Norway is trying to produce more ammunition for Ukraine, but the manufacturing plant does not have enough electric power due to a Tik Tok server farm.
Norwegian company says TikTok data centre is limiting energy for manufacturing Ukraine ammunition | TikTok | The Guardian
Head of Norwegian manufacturer Nammo says plans to increase production at its largest factory are affected by demands of nearby data centreamp.theguardian.com
And French President Macron had some remarks in China:
Europe must resist pressure to become ‘America’s followers,’ says Macron
The ‘great risk’ Europe faces is getting ‘caught up in crises that are not ours,’ French president says in interview.
I'm not sure that's a fair assessment. The French have been there a lot for us over the past few decades, and they remain one of the most capable militaries in NATO. Turns out, their opposition to OIF was probably justified, hindsight, being what it is. They have their own political audiences to handle at home, and this is certainly part of that... nothing new there.
That, plus the ability to maintain enough capability to project power autonomously is at the core of French strategic doctrine all the way back to De Gaulle. Yes, their capabilities pale in comparison to ours, but they are for example one of the only European countries (aside from the UK) that has their own tankers, strategic airlift, ISR, and a carrier strike group.
I was wondering the same.
Do they really have any real airlift capability though? I ask because I know about a decade ago they needed us to airlift their troops into Mali. When the Libya operation was going on in 2011, they had to withdraw their aircraft carrier the Charles de Gaulle because it essentially broke down. Also could Macron's behavior be related to the French being upset about the U.S. messing up their submarine deal with the Australians?
Says he was last seen March 9th, so...??
Yeah, nothing on this thread for months though. I hope he’s not lurking from a BKGB prison cell or anything.