Yellen when sanctions backfire
this post was submitted on 15 Jul 2024
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I absolutely love they picked that particular pic for the story.
This deserves to be an emoji.
Hard agree
This article feels like someone giving the market a little nudge to hopefully trigger some tiny movements their trading supercomputer can take advantage of to make them a quick few hundred million. Source: I know less than nothing about the subject.
Bitcoin...which is valued in dollars?
Crucially, it's valued in other currencies too, and not just printed by the USA
I think the key there is that US doesn't control trade of bitcoin the way they do swift. Any country can send bitcoin to any other country as a form of settlement, and there's nothing US can do about it.
Who's Janet Yellen?
She's a neoliberal economist (ie someone who lays down academic cover for the empire). She was the Federal Reserve chair under Obama and has been the Treasury Secretary under Biden.
Her earlier career included time at the Fed, during which she wrote a paper clearly stating the purpose of raising interest rates: to further oppress the working class.
And then proceeded to hike interest rates at astronomical speeds during her tenure
Another mouthpiece of the empire but related to the economy.
Owner of Forbes quietly admits to being annoyed at being saddled with loads of bitcoin, staff promise to fix that for them.
BRICS gaining ground
don't see western media making fun of BRICS lately
Critical support for destroying the USA empire to... checks notes the USA?
Wow, this is from 2014 no less.
Xi's sitting back and doing nothing plan coming together.