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comment by user-inactivated
user-inactivated  ·  2302 days ago  ·  link  ·    ·  parent  ·  post: Pakistan is ditching the dollar for trade with China — 24 hours after Trump denounced the country

There's definitely a lot of frustration about decaying international relations and I'm kind of surprised myself that the media doesn't cover it more. NAFTA, for example, seems to be pretty important and it's crazy that you have to search for articles to see what's going on with that. Though I understand it's not as sensational and you know, if it bleeds, it leads. On the one hand, I'm worried because it's easier to to make enemies than it is to make friends. On the other hand, it's also easier to make amends and let bygones be bygones than it is to make friends from scratch, so I think there's still a chance for people in this and future administrations to patch things up.

China's development with Pakistan though? I don't really know how worrying I should consider it. The way I see it is, Pakistan is their neighbor and China really takes regional stability seriously. At the same time, since we're one of China's largest trading parters, I can't help but think that our relationship with them will be in the forefront of their minds when they consider working with Pakistan. I think what I'm trying to say is that, even though the media seems to paint it the other way a lot, it strikes me that more often than not China's interests and America's interests are often generally in line with each other. So with that in mind, I guess I'm saying maybe this will be okay.

    As an American, the more places trading in dollars the better for me.

I understand this. Though I have to wonder, the fact that we're such a major economy, even if people do stop trading in American dollars, doesn't our global presence still create a lot of clout for us?

Not trying to argue here. Just trying to think this whole development through.





kleinbl00  ·  2302 days ago  ·  link  ·  

The Week has a little section called "Boring but Important."

Golden showers? That shit'll pop up every week from now until the end of time. Pakistan's currency exchange vehicle? Good luck.

The United States still has the world's largest economy, the world's largest refining capacity, and is the world's largest agricultural exporter. We're not going to become Portugal. For better or for worse, though, the position we enjoy is a position we have to maintain.

We missed a lot of maintenance in 2017. 2018 doesn't look much better.

user-inactivated  ·  2302 days ago  ·  link  ·  

I think I'll put "Boring but Important" in my news rotation. One of my PBS stations recently changed their format and late at night, they're nothing but news. They have, in no particular order, BBC, DW, and NHK news programming as well as other random stuff like Nightly Business Report and it's all so much of a breath of fresh air. They literally make NPR's morning news sound sensationalist. Last night, because literally nothing else was on, I watched ABC's World News Tonight and it was awful. It was five minutes worth of commercials with two to three minute breaks of inane crap with splash graphics. At least, that's what it felt like. I'm gonna watch it again tonight to actually get a commercial to news ratio. I'm betting my estimate is not too far off.

I don't know what 2018 is gonna bring for any of us. I'm gonna hope for the best and just in case, do what I can to batten down the hatches on the home front.