Linus Torvalds Comments On The Russian Linux Maintainers Being Delisted

[oiaohm]

the USA is the only country paying more in interest on it's debt than it collects in taxes, the last country to do so was Iceland, none of the others are remotely close.

Try again japan does not collect as much in Taxes as it paying in interest on its debt either.

mSparks there are lots of claims like the one you made that are not based in fact. Japan has managed to run for 20+ years paying more in interest on debt than taxes collected. Taxes are not the only way a country can make money.

It does pay with economic not to just look at the parties that have failed but also the parties who have some how succeed against expectations.

[mSparks]

Lets think of carry trade in small scale

Take it up with Weasel, I completely agree $50million is not a lot of money, he was the one saying $1 million was a lot.

[oiaohm]

Take it up with Weasel, I completely agree $50million is not a lot of money, he was the one saying $1 million was a lot.

I did not see weasel talk about carry trades at all. If you want me to consider take up with Weasel show me the post.

Weasel seams to have have the understand that carry trades is a very bad idea. I does not matter of it 1 cent or 80trillion in a single carry trade you have the same economic mechanics at play. The volume is import. Carry trades are functionally harmful to economies.

80 Trillion dollars is important value. This is about the total amount of real currency there is.

36+14+13+3+3+3+3+3+2=80 Trillion. What are the number I just put there. The top 9 countries in debt with just the Trillion part of their number added up. Reality there is not enough currency to pay down world debt. The complete world financial system runs on debt/Iou.

They only way to pay down world debt at this point is a great game of debt cancellation.

Yes percentage of 80 Trillion dollars is all the world collected taxes.

https://www.banknoteworld.com/zimbab...babwe-dollars/ $50 million or 1$ million of what. I have a collection of different notes on the wall that are all 1 billion dollar notes. There is 40 of them in the picture frame mind guessing what the value of that collection is? Also second part what is move valuable the picture frame or the 40 contained notes?

Yes those notes on the wall are important reminder.

mSparks; I think you are attempting to point me to Weasel because you point does not hold water. Carry trade makes Russia current location worse not better. Yes China is forcing more and more Russian businesses into Carry trade deals if they want to buy produce from China. China is absolutely not Russia friend. Art of War from China includes financial warfare and the art of war includes the first known documented method to use carry trades to destroy a country.

[Weasel]

Meanwhile, in the real world
https://tass.com/economy/1847083

The only real thing coming out of russian sources is guaranteed lies.

Of course that's all you ever got. Cope harder.

[Weasel]

Take it up with Weasel, I completely agree $50million is not a lot of money, he was the one saying $1 million was a lot.

And you aren't even close to 1/10 of it.

Because for you it's all about the papa state. This is the kind of clown who thinks "mom look my entire country is almost as rich as Microsoft, we're so well off!!!"

[mSparks]

I did not see weasel talk about carry trades at all. If you want me to consider take up with Weasel show me the post.

Weasel seams to have have the understand that carry trades is a very bad idea. I does not matter of it 1 cent or 80trillion in a single carry trade you have the same economic mechanics at play. The volume is import. Carry trades are functionally harmful to economies.

I was just explaining one of the many methods so many Russians and Chinese are using to buy up luxury apartments and yachts etc for $5/10/20 million a pop, you were the one who got lost thinking about the broader implications.

They only way to pay down world debt at this point is a great game of debt cancellation.

Just today Biden started begging Moscow to strike what is left of US manufacturing with nuclear weapons, they might just oblige. S500 means Russia has little fear of any attempts at retaliation.

[oiaohm]

I was just explaining one of the many methods so many Russians and Chinese are using to buy up luxury apartments and yachts etc for $5/10/20 million a pop, you were the one who got lost thinking about the broader implications.

Yes and all those actions have been slowly harming China and Russia economy. Yes a lot of Chinese investors are not educated to understand the carry problem so they have invested lots of money in places only to learn down the road the have got the same money back in the end as what they put in with zero growth. Yes lost all the interest that they would have got just putting the money in local bank..

Carry stunts are fun while they last but the bill will come due.

Yes Russian government reserve should have been way larger than what it was at the start of the war if they had not had people pulling carry stunts.

[mSparks]

Yes and all those actions have been slowly harming China and Russia economy.

Sounds like you are confusing GNP with GDP.

[oiaohm]

Sounds like you are confusing GNP with GDP.

No I am not. GNP has a modern name GNI. Yes GNI/GNP is related.

You have X value of GNI if you should somewhat aligned value of international reserves from buy and sells of your currency. Now you have a high interest rate that does not cause your currency to devalue or your government does actions to prevent currency devalue from naturally happening. Now you get the carry traders involved. Please note carry trades don't count as GNI. This is the toxic market torpedo as more people get away with doing carry trades without currency devaluing to stop them the lower the reserve international funds. Let this run long enough you don't have enough reserve international funds to buy product from anyone.

Carry transactions are long term market fatal.
Ways to stop Carry transactions before they kill you means to-do international transactions as a country with high interest rates..
1) Devaluing currency
2) Lower interest rates.
3) Regulation so that high interest rates are only for local currency(china can do this russia does not have the system for this)
4) Currency exchange taxes to make carry translations not profitable..

As a country where you have low interest and you need to block carry transactions in other countries of higher interest from you people before they causes problems by losing their investments.
1) Regulation.
2) Sanctions
3) cut off/limit money exchange systems. Yes kicking Russia out of swift falls into this.
Yes the country with low interest rate can effectively be screwed.

Think about when india was paying for oil in rupees to russia and russia has end up with more rupees than they ever have the possibility to spend and its not really covert-able.. Same thing can happen your people have invested in the high interest country only to have that the high interest country does not have enough of your countries currency to pay your citizens back.

Countries don't in fact default due to debt. Countries default due to not having enough international currency to complete translations. Carry transaction is one of the causes of countries defaulting due to damage it does to a countries international currency reserves..

What the point of having a huge GDP if you cannot perform any overseas transactions to get new technology.

mSparks something held up as a good thing is economy destroying item. Yes China has not worked out yet that they need to sanction Russia to protect themselves from carry translations due to Russia interest rate being so high and Russia not letting their currency devalue to match. This sanction for china would be not about the war but about protecting their own economy from fall out of the high interest rate and the currency not devaluing.

China has a lot of economy problems they really don't need Russia carry transactions on top of that.. Carry transactions are not a good thing to have happening in a large way. In fact you need to regulate/sanction to control them when you are a low interest country like china is and not doing this is harmful.

[mSparks]

Yes China has not worked out yet that they need to sanction Russia to protect themselves

China and Russia have sanctioned the US and EU far more than the other way around, Energy, Steel, rare earth, 3nm microchips etc. Russia is a trusted business partner now with powerful rail and sea trade routes.

The US has California, which not even Americans like, but without it the US would have an economy equivalent to some central African warzone, if you are ever in the US take a tour around the Chicago suburbs or Atlantic city to get a real feel for what Russia and China (and the rest of the world) need to "protect" themselves from.