In some place central banking control might be consistent with the historical ideology of the folks living in said places - so if that is the case - then let t he central banks have power over the movement of products and creation of goods. Fine if that is what they desire there and it is consistent with the ideology of folks living there.
In other places, take the us of a for instance - there has been a long-time conflict with the ideology of bankers who think they get to call the shots and run the show. Consider Hamilton - the first banker lover in the new country of the us of a, but consider Jefferson and Madison as well and then later on Jackson who told the bankers to shove it up their a-holes.
So what is good for those in China is good for them, but what is good for them, may not be good for everyone and historically in the us of a - there has been conflict twixt the bankers trying to run the show versus the founders who had ideas otherwise - Hamilton excluded in that regard.
To each their own I reckon - but frankly, if some folks want to be under central control by choice - then god bless em I reckon - but the country I reside within was founded upon the concept of "lack of central control" - makes one wonder - when did everything go wrong in that regard?
Your answer will be on Saturday Ken; Part 2 "The Global Chessboard" and two weeks later "Opeation Prison Planet". Lots of links to fill in the detail. I am finalising my articles today because we are 'playing' tomorrow at FBYC and I will be viewing a yacht which maybe a possible buy. Pics will be a while yet but getting there!
I have another Substack (Protect) set up for personal articles like your gardening site. I will send a link when I have found it again LOL!
Good question Bert and yes, any collateral for a loan is an asset in the bank's books. The banking systems will be regularised in due course, but you are right as of today. This is a major challenge for the BRICS+ but these things can be worked out given positive input, which is rare these days! This chap knows his stuff: https://www.theburningplatform.com/2024/12/20/heres-what-china-is-doing-to-usurp-the-us-dollar/
In some place central banking control might be consistent with the historical ideology of the folks living in said places - so if that is the case - then let t he central banks have power over the movement of products and creation of goods. Fine if that is what they desire there and it is consistent with the ideology of folks living there.
In other places, take the us of a for instance - there has been a long-time conflict with the ideology of bankers who think they get to call the shots and run the show. Consider Hamilton - the first banker lover in the new country of the us of a, but consider Jefferson and Madison as well and then later on Jackson who told the bankers to shove it up their a-holes.
So what is good for those in China is good for them, but what is good for them, may not be good for everyone and historically in the us of a - there has been conflict twixt the bankers trying to run the show versus the founders who had ideas otherwise - Hamilton excluded in that regard.
To each their own I reckon - but frankly, if some folks want to be under central control by choice - then god bless em I reckon - but the country I reside within was founded upon the concept of "lack of central control" - makes one wonder - when did everything go wrong in that regard?
Your answer will be on Saturday Ken; Part 2 "The Global Chessboard" and two weeks later "Opeation Prison Planet". Lots of links to fill in the detail. I am finalising my articles today because we are 'playing' tomorrow at FBYC and I will be viewing a yacht which maybe a possible buy. Pics will be a while yet but getting there!
I have another Substack (Protect) set up for personal articles like your gardening site. I will send a link when I have found it again LOL!
Isn't the collateral for any loan considered an asset, or am I missing something here?
How is China going to organize the BRICS when they all have such dissimilar banking methods?
Good question Bert and yes, any collateral for a loan is an asset in the bank's books. The banking systems will be regularised in due course, but you are right as of today. This is a major challenge for the BRICS+ but these things can be worked out given positive input, which is rare these days! This chap knows his stuff: https://www.theburningplatform.com/2024/12/20/heres-what-china-is-doing-to-usurp-the-us-dollar/