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  1. Nov 2024
    1. for - Yanis Varoufakis - talk - in China - Geopolitics and the US dollar - adjacency - geopolitics - China and US - why did the US start a Cold War with China around 2014? - US switched from surplus to deficit country - Henry Kissinger's role - US needs to be hegemonic - to manage the deficit - and keep everyone exporting goods to the US

      Summary - (see below)

      adjacency - between - Yanis Varoufakis - China US cold war - the importance of the years 2014 - 2015 - Henry Kissinger - surplus economy to deficit economy - techno feudalism - cloud capital - cloudist - adjacency relationship - Yanis Varoufakis gives an insightful talk to Chinese officials about - the reason behind the US cold war with China, - how it is independent of which political party is in power, - eliminates many other reasons put forth - how's this single reason drives so much of geopolitics and US hegemony - why its continuation will destroy any chance of the global collaboration not required to prevent climate change disaster for our entire civilization - a strategy to change direction towards re-establishing healthy relationships between nation states that includes activating the social democrats within the United States - The key observation that explains the cold war with China, - An observation from a Henry Kissinger colleague replying to a solicitation for answers to a question Kissinger posed for his team - Kissinger realized that during his role in the US government, the US would soon switch from a country with a net surplus to ones with a net deficit, and this had existential consequences - No country has ever have a long term deficit and survived - Kissinger was fishing for solutions from his team - One team member suggested tripling the deficit but becoming the main currency for global trade - This is the plan that was adopted - The US went from a surplus country to a deficit around 2014-2015 - It forced the US to be hegemonic and control the entire global currency for trade - China threatens this with a new digital superhighway