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"Sanctions can have a very negative effect on our economy," admits Putin


Nuclear Wessel

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16 hours ago, Tatetopa said:

Better do some homework  on types of chips produced.  China does not make top tier chips and the three countries that make equipment to produce those sorts of chips are boycotting China.

https://www.computerworld.com/article/3686571/us-wins-support-from-japan-and-netherlands-to-clip-chinas-chip-industry.html

US wins support from Japan and Netherlands to clip China’s chip industry  The countries have agreed to further restrict what chip-manufacturing equipment can be supplied to China.

No doubt you follow the news.  In addition to agriculture, the drought in China affected hydroelectric power for factories, many of which experienced shut downs.   That included chip lines.

The rest of the world is pretty tired of supply chain interruptions and shortages.  Many countries are bringing manufacturing home, including the US.   The CHIPS act was part of that too. It may not work as well as the Democrats  hoped, but it will change the balance somewhat.  All of those measures among our allies and in the US were done before China  even thought about helping Russia.

Its popular now for conservative Americans to hate America and think Biden is stupid and senile, but we are still playing the game.  China is losing steam.  Russia is failing its people.   India is its own side, not Western or Chinese.  Interesting for the US that the Nord stream pipeline failed and pushed Europe into buying from different suppliers like US and Canada.  

Do you really believe that China will not find ways around whatever new restrictions the U.S. tries to impose? That's rather naive.

Chinese AI groups use cloud services to evade US chip export controls

''Chinese artificial intelligence groups are skirting export controls to access high-end US chips through intermediaries, revealing potential loopholes in Washington’s blockade of cutting-edge technology to the country.''

https://www.ft.com/content/9706c917-6440-4fa9-b588-b18fbc1503b9

 

China gets around US sanctions; culprits reportedly rent time on chips

''According to the Review, Chinese facial recognition giant SenseTime has been sanctioned by the U.S., but it reportedly getting around regulations in a very old-fashioned way. They pay others to buy what they cannot and deliver it to China.''

https://www.biometricupdate.com/202303/china-gets-around-us-sanctions-culprits-reportedly-rent-time-on-chips

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8 minutes ago, Occult1 said:

Do you really believe that China will not find ways around whatever new restrictions the U.S. tries to impose? That's rather naive.

Chinese AI groups use cloud services to evade US chip export controls

''Chinese artificial intelligence groups are skirting export controls to access high-end US chips through intermediaries, revealing potential loopholes in Washington’s blockade of cutting-edge technology to the country.''

https://www.ft.com/content/9706c917-6440-4fa9-b588-b18fbc1503b9

 

China gets around US sanctions; culprits reportedly rent time on chips

''According to the Review, Chinese facial recognition giant SenseTime has been sanctioned by the U.S., but it reportedly getting around regulations in a very old-fashioned way. They pay others to buy what they cannot and deliver it to China.''

https://www.biometricupdate.com/202303/china-gets-around-us-sanctions-culprits-reportedly-rent-time-on-chips

No friend, I do not believe we can build an impervious wall around China.  There are always people willing to sell contraband because the return  justifies the risk.   I doubt any policymaker would be so  simple minded either.

We are in a race to a high tech future full of promise and threat.  What we can do is slow the other competitors down and give ourselves an edge.   Renting time on chips is not as advantageous as owning as many of those chips as required.  Smuggling chips into the country is not the same as building a line that can manufacture them.   Black market supply comes at a premium price  that is not competitive if one wants to make products to sell.

Of course you know that China must import petroleum.  Did you also know that China is the largest importer of food in the world?  If money get tight and growth slows down in China, smuggling in chips at premium prices  is one more cost to manage.   If a country cannot turn those chips into a marketable product, then it does not provide jobs and prosperity for those 1.4 billion people. 

 

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37 minutes ago, Tatetopa said:

What we can do is slow the other competitors down and give ourselves an edge.

 

That could be a double-edged sword.

If China stockpiling high-end chips and getting around sanctions to get more is forcing them to develop their own cutting-edge semiconductor industry, then who is that really benefiting?

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2 hours ago, Occult1 said:

That could be a double-edged sword.

If China stockpiling high-end chips and getting around sanctions to get more is forcing them to develop their own cutting-edge semiconductor industry, then who is that really benefiting?

The West is benefitting.  No matter the government system, in the world of resources, the rich get richer.  China can't stockpile if they receive less than they require.  Think about that strategy for a second.  Every chip you use increases the speed of your progress.  Chips that you stockpile do nothing to move you forward.

The nations that produce high end chips and the machinery required to produce them  increase their lead every day by  harnessing those chips to design better chips and better machinery.  In that game, six months ort a year provides a huge advantage.

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2 hours ago, Occult1 said:

That could be a double-edged sword.

If China stockpiling high-end chips and getting around sanctions to get more is forcing them to develop their own cutting-edge semiconductor industry, then who is that really benefiting?

I am tbh lol. 

My city Columbus has Intel chip factors opening up for the US to start supplying alot of its own chips.

It's a bit of a boom around here 

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On 3/29/2023 at 9:05 PM, acidhead said:

Yes it is.  They're dropping the US dollar by trading in their own commodity backed currencies. This doesn't bode well for western nations who depend heavily on supply and demand fiat currency and if it keeps up we're going to see hyper inflation like we've never seen before. 

For the first time Trump , speaking after his court date today, mentions the US Dollar "is crashing and will soon no longer be the world standard".

 

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45 minutes ago, acidhead said:

For the first time Trump , speaking after his court date today, mentions the US Dollar "is crashing and will soon no longer be the world standard".

 

China’s Yuan Replaces Dollar as Most Traded Currency in Russia

https://www.bnnbloomberg.ca/china-s-yuan-replaces-dollar-as-most-traded-currency-in-russia-1.1903834

 

China and Russia are moving away from it. The economic sanctions imposed by the West have only accelerated the process.

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8 hours ago, Occult1 said:

China’s Yuan Replaces Dollar as Most Traded Currency in Russia

https://www.bnnbloomberg.ca/china-s-yuan-replaces-dollar-as-most-traded-currency-in-russia-1.1903834

 

China and Russia are moving away from it. The economic sanctions imposed by the West have only accelerated the process.

Insignificant.  Apart from Hong Kong, the top 15 trading partners of China are mostly NATO, western allies or western friendly nations. I don't see them replacing the world's reserve currency (US$) with the Yuan any time soon if that's what you're alluding to.

  1. United States: US$582.8 billion (16.2% of China’s total exports)
  2. Hong Kong: $297.5 billion (8.3%)
  3. Japan: $172.9 billion (4.8%)
  4. South Korea: $162.6 billion (4.5%)
  5. Vietnam: $147 billion (4.1%)
  6. India: $118.5 billion (3.3%)
  7. Netherlands: $117.7 billion (3.3%)
  8. Germany: $116.2 billion (3.2%)
  9. Malaysia: $93.7 billion (2.6%)
  10. Taiwan: $81.6 billion (2.3%)
  11. United Kingdom: $81.5 billion (2.3%)
  12. Singapore: $81.2 billion (2.3%)
  13. Australia: $78.8 billion (2.2%)
  14. Thailand: $78.5 billion (2.2%)
  15. Mexico: $77.5 billion (2.2%)

China's Top Trading Partners

 

 

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20 hours ago, acidhead said:

Trade agreement in "local currencies" 

 

Lula is a noob, and anyone looking to supplant the U.S. dollar, needs to have their head examined.

The dollar and euro are king and Queen because they are transparent and rules backed currency. 
 

Chinese, Brazilian, Russian currencies etc are as trustworthy as their leaders. Which is to say not at all.

Dollar and euro will win out in the end.

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4 minutes ago, acidhead said:

BRICS has adopted a gold backed currency. 

 

Yellens body language and repetitive use of "ah-um ah-um"does not sound confident in the slightest. 

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15 minutes ago, acidhead said:

 

Dp

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