Friday, March 2, 2018

Good And Easy

Playing Cards,

President of the exporter of the world's trade-reserve currency, Donald Trump, tweets that,  "When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!"
The president is right, of course, but the COST of winning goes unmentioned.
The cost of winning could be the loss of reserve currency status for the $US. It would become another member of the club, not the chairman of the board. The global acceptance of the $US is the primary way that the US funds the war machine.

Iran bans the use of $US denominated prices in trade. (drip, drip, drip...)

Chinese military is building up to decisively defend Chines near-interests. Pay attention.

Court sort-of rules in favor of Ukraine, in dispute with Russian Gazprom. Ukraine has to pay fewer $billions to get gas and transit fees, but will have to renegotiate with Russia from a position of relative weakness.

Eleni sends this global-chessboard interpretation piece from Thierry Meyssan, propounding the view that despite roadblocks, US/Russian shared interest is being pursued to some degree in Syria. Russian infantry is now on the ground in Damascus. (I await confirmatory reports, myself, but probably good if true.)

Chess Spectator

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