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Joined 1 year ago
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Cake day: August 8th, 2023

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  • Don’t they have many trillions in reserves?

    Right now China has about 3.2 trillion in ForEx of all kinds and currencies which means that this bailout represents nearly half of the total.

    ForEx is an extremely complicated subject, way too much for a single post, but it is essentially the lubricant for trade. If you don’t have enough of it in the right currency on an hourly (or less) basis to support your imports and exports then the machine will seize up.

    So what China is doing here is risky as hell and if it doesn’t work they will soon have the same kind of financial problems that Iran does and that is stupendously bad for an export based economy.










  • The 2 percent of GDP target is imaginary.

    The target was set so that no country would be able to join NATO and then just let everyone else pay for everything. You contribute to the common defense or you GTFO.

    We can bicker about 2% being too high or too low and whether the target should have been adjusted Post Cold War but any argument that some target isn’t necessary is just silliness.

    No amount of NATO bombs or tanks would have stopped the invasion.

    Oh I’m fairly certain that NATO military power would have stopped the invasion in the first 24 hours. A single flight of F-35s would have made those original Russian convoy’s cease to exist à la the Highway of Death from 1991.

    Even now NATO military power could substantially end the ground war in Ukraine before the end of the month.

    It only would have fueled the flames and given legitimacy to Russia’s claimed insecurity.

    So what? NATO didn’t do it and there’s STILL an ongoing war with a casualty toll well over a million and millions more displaced.

    Economic power is much stronger than military sabre rattling.

    Then the EU should have flexed them in 2014. They didn’t and here we are.




  • I have to be misunderstanding this

    You’re not.

    How fucking dumb are these people?

    Yes it’s dumber than a bucket of hair but you have to reflect on how they ended up here. Russia started a 21st Century war with a 20th Century Soviet built military. Back then a field radio was the size of your damn chest and they weren’t even issued at the platoon level. That shit obviously isn’t going to work on the modern battlefield where they have to control drones, guided artillery, distribute real time high resolution satellite imagery, and the battle lines shift by the hour instead of monthly.

    The Soviet’s didn’t need these things and because they hadn’t been invented yet Russia showed up without them and promptly got cock-slapped by Western backed Ukrainian forces who were vastly more prepared because The West, including both military and private companies, spent literally Trillions of dollars investing in a robust and secure communications infrastructure.

    The Russian Army absolutely required this kind of communications infrastructure to function on a modern battlefield but it didn’t exist so they did what they always do and applied their “Ingenuity” to the problem. They came up with using things like private Discord rooms, piggybacking on Ukraine’s cellular infrastructure, and hijacking Starlink; basically using the same Western tech that Ukraine was using.

    So in the contest of not have anything at all and using tech that was subject to Western spying the Russian Military, at least at some level, chose the latter.

    It seems that perhaps the Russian MoD has decided that the Western spying has become to pervasive and is shutting down these cobble-together communication and control systems but that’s going to put the field level operations right back to where they were 2 years ago.

    You can’t win a 21st Century fight with 20th Century systems. It’s like playing a game of Civilization where you’ve got Aircraft Carriers and the other player is attacking you with Canoes.



  • That’s a great question and the answer can be found in the wikipedia entry for the .uk domain.

    In a nutshell the volunteer “Naming Committee” setup back in 1985 established a rule that entities needed to register into specific subdomains based on entity type such as .co, where the .co part stood for “Company”. They did this to make managing registrations easier and to provide an “at a glance” way to see what kind of website you were visiting (commercial, government, charity, etc). The “Naming Committee” was extremely strict about ensuring that domains were registered to a specific entity and in the correct subdomain.

    By the mid-90s the volunteer “Naming Committee” was entirely overwhelmed by the sheer volume of domains being registered so that volunteer group was replaced by Nominet UK. Nominet didn’t open the .uk TLD to registration until 2014 and by then the subdomain thing (.co.uk) was so embedded into the United Kingdom’s internet structure that it had become tradition and NOT using was confusing to many people.

    There’s more subdomains than just .co as well and both wikipedia articles I linked list them.

    tl;dr .uk absolutely exists in the UK, it’s just used differently than almost anywhere else in the world.