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is it naïve of me to feel, deep in my bones, that despite how bleak it is now, the Western Bourgeoisie are overplaying their hand (hexbear.net)

submitted 3 days ago* (last edited 3 days ago) by WhyEssEff@hexbear.net to c/chat@hexbear.net

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Like, yeah, they can 'get away with' ending soft power. They can 'get away with' extrajudicial killings. They're operating off of pure machismo right now. They're getting drunk on their vices. They're stripping masks where masks wouldn't be advised to be stripped. I feel like I understand now that Fascism is, in part, an expression of weakness. They wouldn't be doing this unless they were scared. It's too volatile. It feels both too late on a power-level and too early on a popular-level. Never mind the ticking time bomb that is AI data centers. It feels like, and I'm sure this is cope, there is a timer on their ability to run the circus much longer.

My first instinct here is to doubt myself, intellectual pessimism and all. In that vein, maybe this is just revolutionary optimism, but we're at the point where it feels like there is a palpable anger brewing in the basement. I don't know. Maybe Palantir works as an anti-communist panopticon and we just death spiral forever. I don't want to lose hope.

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[–] FuckyWucky@hexbear.net 11 points 3 days ago* (last edited 3 days ago) (1 children)

Do you think the PBOC will let the Yuan appreciate too much?

It'll make it much more difficult for third world countries to import intermediate goods from China.

They'll be forced to try obtain more Dollars to get same amount of Yuan. How much of that will be done through internal devaluation I wonder.

[–] xiaohongshu@hexbear.net 9 points 3 days ago

It’s a real dilemma (when divorced from the other macro policies). The PBOC has given in somewhat since late December Bloomberg article and there is a strong international pressure for the yuan to appreciate, but at the same time the PBOC is giving out reassurances that they will keep the exchange rate stable. Commentaries about it are split: some predict the yuan will rise to 6 by the end of 2026, others think the PBOC will hold the line.

For the third world countries, it’s a real dilemma as well. On the one hand, weaker yuan competes with their export industries, while a stronger yuan makes it more expensive to import from China as you said.

This is why I keep saying that China having a strong consumer market is going to be key because it solves this problem altogether.