Ваша оценкаЦитаты
fru-n-quiz22 апреля 2025 г.In Homeric terms, the social democrats had become the era’s lotus eaters. As they gorged themselves on financialisation, they became intellectually soft121- fru-n-quiz21 апреля 2025 г.You once told me that finding something timelessly beautiful to focus on, as you did by choosing to lose yourself among the relics of ancient Greece, is our only defence from the demons circling our soul.130
- fru-n-quiz21 апреля 2025 г.One need not be a radical critic of our society to see that the right to a bit of time each day when one is not for sale has all but vanished. The irony is that the liberal individual was snuffed out neither by fascist Brownshirts nor by Stalinist guards. It was killed off when a new form of capital began to instruct youngsters to do that most liberal of things: be yourself! (And be successful at it!) Of all the behavioural modifications that cloud capital has engineered and monetised, this one is surely its overarching and crowning achievement.Читать далее123
- fru-n-quiz21 апреля 2025 г.The war in Ukraine prompted the United States to make moves which diverted considerable money flows from the dollar-based payments system to a yuan-based system run by Chinese cloud capital.116
- fru-n-quiz21 апреля 2025 г.On 14 August 2020, a revolution took place inside the walls of the People’s Bank of China. Following six years of painstaking research, Beijing’s central bank rolled out a digital yuan.116
- fru-n-quiz21 апреля 2025 г.Everyone knew that the US government could confiscate the lot at any time, but no one believed Washington would ever dare to, because such a move would deter anyone from ever stashing their wealth within the US-controlled dollar payments system again.Читать далее
<…>
It was the first time in capitalist history that a major central bank’s money had been, effectively, confiscated by another central bank.10 Even during the Crimean War of the 1850s, as Russian and British soldiers were slaughtering each other, the Bank of England continued to honour financial commitments to the Czar’s central bank and Russian debtors kept paying their loan instalments to English bankers.115 - fru-n-quiz19 апреля 2025 г.China’s cloudalists acquired a 360-degree view of their users’ social and financial life.Читать далее
<…>
WeChat users did not have to exit the app to make a payment. While streaming music, scrolling social media, messaging their families, they are able to use the same app to send money to anyone who have downloaded WeChat and opened a yuan account with China’s bank.
<…>
it is becoming worryingly apparent to America’s rulers that China’s cloudalists have already acquired a power that US cloudalists are struggling to emulate: the power stemming from a successful merger of cloud capital and finance – or cloud finance.133 - fru-n-quiz18 апреля 2025 г.Non-American central banks suddenly had no alternative than to use dollars instead of gold as reserves to back the value of their currency. The dollar began to resemble an … IOU. After the so-called Nixon Shock, the global financial system was, effectively, backed by IOUs issued by a hegemon who could decide what the foreign IOU-holders could do with their IOUs – and what they were not allowed to do with them.127
- fru-n-quiz18 апреля 2025 г.Recall how until the Nixon Shock of 1971, any non-American with large quantities of dollars could exchange them at will for gold owned by the US government at a fixed price of $35 per ounce.
<…>
To prevent losing it all, on 15 August 1971, Nixon told the world that they would no longer exchange foreign-held dollars for gold at that fixed price. In other words: no more gold for you from our vaults.131