On Chinese/Russian Empire and Bilateral Trade…
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Despite past commentary by the Automatic Earth on China and why its prospects for Empire are limited (https://theautomaticearth.blogspot.ca/2009/12/december-15-2009-why-china-wont-succeed.html), I’ve noticed a lot of articles on Chinese-Russian bilateral trade lately. For example:
https://thediplomat.com/2013/04/12/a-russia-china-alliance-brewing/
A lot of the hyperinflationists I read point to this development as the beginning of the end for the US dollar. In their minds, China will dump the US dollar in favour of other financial instruments (the silliest claim being that of the IMF’s SDR; https://www.theguardian.com/commentisfree/cifamerica/2009/apr/24/us-dollar-reserve-currency-sdr), which will cause a loss of faith in the US dollar and lead to hyperinflation in the US.
All of this seems far-fetched and at odds with most of what I’ve learned here at the Automatic Earth, but I was hoping to understand Ilargi’s / Stoneleigh’s argument against these sorts of claims better. Maybe someone can share a well structured argument as to the fallacy of these hyperinflationary concerns?
Cheers,
VariableI wanted to comprehend Ilargi/Stoneleigh’s reasoning against these assertions, which seems far-fetched and contradicts most of what I’ve learnt at the Automatic Earth.
https://thediplomat.com/2013/04/12/a-russia-china-alliance-brewing/ slope game
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