It doesn’t cost them anything. They either decide to spend or they don’t, they decided not to, they weren’t forced to.

British Central Government can never be insolvent in Pounds.

Is Russia unhappy with India’s foreign policy? Of course, Lavrov uses very diplomatic language.

Here’s the full speech

At that juncture, we engaged in discussions with our Indian counterparts, who emphasised that their interest in joining this “Quad” was confined exclusively to trade, economic, and other peaceful domains of collaboration. In practice, however, the QUAD nations are already endeavouring – and with notable persistence – to organise naval exercises, albeit not under the QUAD’s banner, yet, as the saying goes, “all together – the four of them.”

I am confident that our Indian friends perceive this provocation with perfect clarity. Regarding India and NATO’s anti-China initiatives in Eastern Eurasia, I wish to reaffirm our earnest interest in promptly resuming the work of the RIC trilateral format – Russia, India, and China – which was instituted many years ago on the initiative of Yevgeny Primakov and has since convened over twenty ministerial meetings, not only at the level of foreign ministers but also involving the leaders of economic, trade, and financial institutions from the three nations. Now that India and the People’s Republic of China are reaching an understanding on de-escalating tensions along their shared border, the moment has arrived to revitalise RIC.

Good thing is that Dollar exchange rate continues to struggle despite yields going up occasionally. The only thing preventing further crash appears to be in part the other central banks’ willingness to buy up Dollars in the forex markets so as to maintain trade competitiveness ie to maintain exports to the US. The “Dollar Standard” remains for now.

all their ‘solutions’ are market based. China’s success no matter what certain liberals claim is because of the role the state played in it’s economy, not because of markets.

housing? deregulate so private developers (hopefully) build shittier homes. the entire thing relies on private sector’s willingness to build homes. and even if homes are built, supply can be manipulated and prices can be set by developers because there is no such thing as a free market.

a state owned enterprise for building homes and selling it at below market rates is impossible to imagine for them.

This is in my area! 12 local beekeepers showed up to help collect bees and set up boxes for them to take cover. The road is closed off until tomorrow (June 1st) to allow all the bees to find their colonies in the new hives. So far everything is going according to plan and majority of the bees will be just fine! :) EDIT: To clear up some of my own misinformation: Bees have been cleared from the road and collected as of noon, May 31st! Roads are said to be reopened soon. There was less bees than originally anticipated (around 12 mill. Someone did the math and corrected the police lol) and there were actually 24 local beekeepers that showed up to help the bees! Sorry for the original misinformation, I just now decided to look into the situation again and there was an update from an hour ago

funny doe i kinda want him to keep the tariffs on out of spite.

Isn’t the best ending whereyou wait 15 minutes for the dictator dude to come back at the beginning of game.

US court blocks most Trump tariffs, says president exceeded his authority

https://www.reuters.com/world/us/us-court-blocks-trumps-liberation-day-tariffs-2025-05-28/

Dollar index is up sharply

Please Trump do something.

Hopefully something happens.

just as the US as it stands could technically print its way out of any economic hard spot

It depends. There is no such thing as money printing, not just in the sense that money is electronic entries now. But that the money has to “printed” first before being taxed.

The school textbooks tell you taxes pay for Gov spending. But where did people get the money to pay taxes with? It must have been created first.

All money has to be created first. Banks do it by giving loans, Government does it by spending. Bank money and Government money are the widely accepted forms of money.

I’m not saying US can “print” its way out of problems. But the US can mobilize unemployed/underemployed domestic resources and put them into better use.

If it is done like that, the government must be willing to add enough money to the fund always if its running low. No excuses like “we can’t pay for it because people are ageing” etc.

And unemployed/self-employed ppl should also get similar “insurance” for free, it must be universal in nature.

And corporate taxes should really be seen as a way to reduce private profits and inequality than a funding source. Funding precedes taxation. So the capitalist goes to a bank, the bank adds numbers to their bank account (and a similar loan account), they hire workers, workers create stuff, they take profit from workers, bank is paid back, some of the profit is taxed.

Is that really needed? State should pay for it. Have the state owned hospitals charge nothing for treatment.

Private companies will pay corporate tax not tied to anything.

I think having employers “pay” could result in a situation where the Government claims it can’t “afford to” provide Healthcare due to lack of inflows into the fund or too much outflows due to ageing population. Like what happened with Social Security “fund” in the U.S.

Of course, I’m not saying it WILL happen, but I don’t think such “funds” are a good idea long term.

On the other hand dollar index still hasn’t recovered much. So much so that you now have to use Euro or Pound to measure relative “strength” of third world currencies.

yes, Kerala has a huge diaspora bringing in money from abroad (which is especially beneficial because of exchange rates). It’s not the Kerala Government policy to forcibly send workers to Gulf States. People go there because where you earn $250 in Kerala, you earn $700-$1000 abroad. Is that good? No, but the people aren’t going there out of sheer desperation.

Should the current Mexican Government (or even the previous ones) be blamed for undocumented immigrants working in terrible conditions in the US? No.

communist insurgency in India going on right now

it’s mostly ‘crushed’, the state is now just killing tribal people. Maoist actions used to be daily news in the 2000s and early 2010s but now it’s much rarer.

i’d rather be led by these guys than the BJP don’t get me wrong but can we stop watering down the ideological content of “communism” and start taking a more critical attitude.

Vietnam has started sending its workers to Israel. China has continued its trade with Israel when it could’ve destroyed Israel’s economy. Communist countries with sovereign powers are engaged in cheap opportunism. Yet, I still support them in the way they have developed compared to other global south countries.

CPI and CPI(M)'s stance was tailism, they supported the war because there was public support for the same, I don’t agree with it but that doesn’t change my support in general.

They are making use of the limited financial resources and autonomy they are provided by the Indian Central Government. I hope the LDF wins again next year. Unfortunately, there are certain well-off liberals who want to bring back the extremely corrupt and incompetent UDF Government.

Either way, they aren’t taxing just the rich ones. It includes all non citizens.

I think it’ll have some effect on remittances but it’s really easy to bypass.

https://www.ft.com/content/1803e03d-9996-46cd-beef-a6694edaf68e

What a stupid idea, trying to do capital controls on a freely convertible currency. That’s what this is btw, capital control, western institutions whine about third world countries imposing such controls to prevent rich people from running out on domestic currency. US is trying to impose the similar controls on underpaid migrants.

Is it tax evasion to send your money to a US citizen friend who then sends it to your relative in India? I don’t think anywhere in the bill it is mentioned to be the case. How can this even be enforced? Capital controls must apply universally to be effective, but any universal tax on outflows undermines the Dollar’s international value itself.

“Holodomor”

yes true. but the bond issuance itself doesn’t create ‘new’ money, it takes existing money which banks have (in form of reserves at central bank) and replaces it with treasuries. only when the actual spending takes place are new financial assets created in the non-Gov sector.

Edit: and another thing, Fed gives free money on highly liquid bank reserves “Interest on Reserve Balances” this is free money for the banks, yet no one fearmongers about it in the way they do about Treasuries.