I Can't pronounce Renminbi

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The Belt and Road initiative is steaming ahead across the Mackinder Heartland, gaining speed with every stupid chess move by the Western Powers That Be.
The astounding incompetence of our supposed leaders of the free world are indicative of their total lack of concern for the people they are charged with representing and protecting from harm. It is they themselves that have become the most dangerous to peace and security, not just domestically, but globally as well.
Is it not enough to be poking the Bear in Ukraine whilst provoking countries all over the globe, including China (Taiwan), and Iran?
And if we are going to threaten a 70-year relationship with Saudia Arabia, the largest oil producer in the world, why don't we piss on our longtime friends in NATO and all of Europe too?
What's next, pull a Ladeen Doctrine on Canada (every decade crappy little country throw em' against wall we tuff sum bitches)?
Russia is showing us we are not so tough here in the Land of the Fee, Home of the Slave (H/T to someone on a recent comment thread).
Their double and triple-down desperation is showing a panic in everything they do. This has gone far beyond the next selection election.
TPTB are afraid of something much more frightening to them than a change of puppets or parties. What could it be?
Could it be the collapse of the dollar?
When you consider we are all in this together, young or old, rich or poor. We are all about dollars, whether greenbacks or digital. Our whole life is invested in American dollars.
What would happen if the dollar went the way of the Zimbabwe dollar (One Zimbabwean = .0027631943 US dollar)?
Of course, we little people would find a way to conduct business or survive thru barter or some other medium of value. Maybe silver or gold coins. Or ammo, booze, food, or just plain labor.
But what about the billionaires? Their dollars, digital or cash, would be just as worthless as our own.
Is this why Russia no longer holds US Treasuries?
Is this why Japan, China, and countries around the globe are unloading their US Treasury notes? Is this why Bill Gates is changing his dollars into real estate on a massive scale? Corporations buying back their own stock?
Was their failure to defeat and regime change Russia, along with the resulting pillage and plundering of her vast natural resources, the last chance to hold on to their hegemony?
Is the BRICS, SCO, and EAEU successes with the New Silk Road the final blow to the western billionaire class?
At some point, the US printing presses will have to start cranking out billion-dollar bills.
Will nobody think of the Billionaires?
No worries, be happy.
The floor is open.

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Comments

Thanks for your essay. Right on.

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19 users have voted.
earthling1's picture

@QMS
Number eleven was actually snark, but IMHO they will lose a lot more than the rest of us.
Once it reaches the point where the 99% have nothing left to lose, they will have everything to lose.
I have Janice Joplin ringing in my head.
Thanks for your reply.

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12 users have voted.

Neither Russia nor China is our enemy.
Neither Iran nor Venezuela are threatening America.
Cuba is a dead horse, stop beating it.

enhydra lutris's picture

Yuan, "same" as Renminbi and much easier to pronounce. Renminbi is the official currency, but the Yuan is the base unit of the Renminbi and is often used interchangeably with Renmibi as a result. For an analogy, think of the dollar as the base unit of the PetroDollar or Fiatbuck or somesuch.

be well and have a good one

edit - fixed spelling on Renminbi

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That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

earthling1's picture

@enhydra lutris
I got the spelling wrong too? Ha ha battin' a 1000 this moring.
Thanks for fixing it.

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9 users have voted.

Neither Russia nor China is our enemy.
Neither Iran nor Venezuela are threatening America.
Cuba is a dead horse, stop beating it.

ren mihn bi

https://www.wordsmyth.net/?level=3&ent=renminbi#

the chief monetary unit of the People's Republic of China,
equaling ten jiao or one hundred fen; yuan roughly equates to dollar

jiao sounds like geeyow - think US dime equivalent
an intermediate monetary unit of the People's Republic of China, equaling ten fen

fen sounds like it's spelled - sorta like our penny
the smallest monetary unit of the People's Republic of China

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lotlizard's picture

@QMS @QMS  

Well, you knew all along that the West was wantin’ war with you now
And now they’ve frozen your reserves I’ll bet they’re thinkin’ your economy’s doomed now
But if you switch to renminbi, we’ve got a lot of things to do now
And we’ll have fen fen fen when they’ve inflated all our dollars away

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12 users have voted.
mimi's picture

I don't. There I said it. Too many Putin lovers around. Oh, I know I fell for the propaganda. Which propaganda?

I couldn't care less for Selensky or Putin. They are both idiots, among all the other idiots around.

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enhydra lutris's picture

@mimi @mimi

Queen Liliʻuokalani and sometimes King Kamehameha.

Wink

be well and have a good one

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15 users have voted.

That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

mimi's picture

@enhydra lutris

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@mimi

in so far as your home is concerned.

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11 users have voted.
mimi's picture

@QMS

the German ones particularly

argh, how can I be so pissed off, I wonder. well, I get myself an icecream from Ben & Jerry. That might help.

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9 users have voted.

@mimi

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mimi's picture

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9 users have voted.

@mimi when I want a good laugh. He was videoed sniffing a young girl's head 2 days ago. When I want to make fun of liberals, I dwell on Trudeau. He will send unvaxxed into veritable concentration camps. When I want to make fun of righties, I think of Zelenski. That neo-Nazi thing. Idiots? I dwell on Truss. Lift taxes on the rich, destroy your society, get booted out in short order.
When I think about being afraid of a powerful leader who takes care of the people of his country, Putin immediately comes to mind.
Take good care.

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19 users have voted.

"We'll know our disinformation program is complete when everything the American public believes is false." ---- William Casey, CIA Director, 1981

mimi's picture

@on the cusp
I think of ... hmm, better say nothing. Smile

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earthling1's picture

@mimi
It's that I hate all other world leaders.
Xi Jinping is ok. Anybody who raises 750 million out of extreme poverty is to be admired by those of us going in the other direction.
Have a great day!

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14 users have voted.

Neither Russia nor China is our enemy.
Neither Iran nor Venezuela are threatening America.
Cuba is a dead horse, stop beating it.

The guilty party is a big secret!

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12 users have voted.

earthling1

Nothing much to add.

The pace is picking up.

Ukrainian Telegram told the truth this morning:

Ukrainian telegram channel:

"Our source reports that damage to the energy system of Ukraine is already 40%."

"Colleagues correctly write that the unified energy system is facing the risk of complete collapse. If the Russians continue to hit non-stop, then in a week there will be nothing left."

"Add to this the shortage of spare parts and components, and you will understand that Ukraine will soon be in a “complete blackout”. That's when the hardest times begin. This also applies to western Ukraine, which hoped that they would carry over and all the hardships, as usual, would fall on the south-east of Ukraine."

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12 users have voted.

NYCVG

earthling1's picture

@NYCVG
a ten-pack of AA batteries.
Doin' my part, ya know?

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9 users have voted.

Neither Russia nor China is our enemy.
Neither Iran nor Venezuela are threatening America.
Cuba is a dead horse, stop beating it.

@earthling1

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6 users have voted.

NYCVG

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12 users have voted.
lotlizard's picture

@humphrey  
One opinion poll was reportedly already showing a majority of Tory voters favoring his return.

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recently in the leadership race.

@lotlizard

Anything is possible. Just have some popcorn nearby.

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12 users have voted.

@lotlizard

Ya' know how they are with fax and fingers.

So why doesn't Denmark come clean? Oh.

Truss is the demon London forgot to burn.

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8 users have voted.

Tehran breaching nuclear deal with drone supplies to Russia – US

This coming from the same US that is providing weapons to any buyers in the wold.

"Only the US can provide arms. Not Iran, they are sanctioned by some agreement that
the US did not uphold." It is OK for US and EU to proffer weapons. But only to the right
team.

https://www.rt.com/news/564922-shahed-drones-nuclear-deal/

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13 users have voted.

@QMS are for Thee.

Not me.

Says the exceptional country.

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8 users have voted.

NYCVG

we should all pitch in to hire a teacher to instruct us on Chinese currency pronunciations and values.
We could do it via zoom. A nice little site meetup opportunity.
We should also kick in an extra class for please, hello, good bye, thank you, and how is Xi doing? You know, stuff like that.

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13 users have voted.

"We'll know our disinformation program is complete when everything the American public believes is false." ---- William Casey, CIA Director, 1981

@on the cusp

Is US fears China. China grows the world. Why try to dominate with destruction?
It's a western concept. Be fun to learn Wok cooking. Will try to make it a new OT.

Thanks and hope you are well fed.

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12 users have voted.

@on the cusp I’m all in for learning the important words, etc. Like the idea of wok lessons as well. When we visited China way back, did learn a few words of Chinese and how to negotiate with the currency. I may still have a few renminbi around!

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12 users have voted.

Life is what you make it, so make it something worthwhile.

This ain't no dress rehearsal!

@jakkalbessie when I visited China, but I did get one when in Thailand. If you have an actual wok, it is easy. Where I live, it is hard to find the sauces and necessary ingredients. One day, I might go to a World Food Market and get the stuff, and they may even have a genuine wok.
I am all for being pals with China.

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8 users have voted.

"We'll know our disinformation program is complete when everything the American public believes is false." ---- William Casey, CIA Director, 1981

earthling1's picture

@on the cusp
to an Asian Century in our future.
Read a study a couple of days ago on world population increases based on past performance with current events plugged in.
It showed India surpassing China, and Nigeria leaping way ahead of the US.
Three quarters of the world population will reside in those three countries.
I yuan to move to China. Got 59,000 Renminbi saved up already.

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7 users have voted.

Neither Russia nor China is our enemy.
Neither Iran nor Venezuela are threatening America.
Cuba is a dead horse, stop beating it.

@earthling1 are on the same page. I also have money from hither, thither, and yuan. It will likely come in handy.

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7 users have voted.

"We'll know our disinformation program is complete when everything the American public believes is false." ---- William Casey, CIA Director, 1981

in Mandarin in China, English speakers and signage in English would use Yuan, never RMB.

I'll keep my dollars which are very strong right now. The dollar used to be above 8 rmb but China allowed it to float sometime in the 00s, but the dollar has gained a lot this year, over 10%, I think due to the zero covid policy and also because the US and our economy is looked up on as a haven of stability in troubled times.

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gulfgal98's picture

This could signal the end of the petro dollar for good. Saudi Arabia has expressed a strong interest in joining BRICS as early as 2023.

It may be that finally, the US empire has overplayed its hand. Our involvement in Ukraine, preventing peace talks and the placement of sanctions that are hurting Europeans ore than Russia, has created a negative backlash among Europeans.

If the Ukraine conflict erupts into a broader war, Europeans have far more to lose than just winter heating.

European countries are paying a very high price in different ways. First, the European countries are inordinately dependent on Russian natural gas and oil. With the war in Ukraine lingering on without any endgame in the sight, European gas and oil prices are skyrocketing and wreaking havoc on their economies. Soon, it will begin to aggravate the cost-of-living crisis throughout the continent- the heat of this looming crisis can be felt in the form of growing anxiety on the streets and roads of the European continent.

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10 users have voted.

Do I hear the sound of guillotines being constructed?

“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy

@gulfgal98

whenever investors dissolve their holdings in US treasuries and petrodollars, it indicates
the coming crash. Think the 3 prong war against Iran, Russia and China is a weak
diversion away from the wall street coming collapse. What a weird circus.

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