• BlaestEgnen@feddit.dk
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    4 days ago

    If Denmark pushes EU to an economic war, then the USD is no longer the petrol dollar and will crash immediately.

    The US relies in Europe for their economy to a greater deal than the EU relies on the US. But an economic war between the worlds two largest economies will cause global economic instability for a bit.

    Personally I were shocked EU didn’t attack the petrol dollar at the beginning of the Hormuz closure, as that was the easy way to keep energy flowing out of the strait.

    • plyth@feddit.org
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      4 days ago

      Denmark has allowed the US to have new bases in Denmark while the US was threatening Greenland. The EU is made up of countries and many have good relations with the US.

      • BlaestEgnen@feddit.dk
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        4 days ago

        Several EU countries have been distancing themselves from the US for the past year and a half, but apparently they didn’t feel prepared for cutting contact this spring.

        Was it three trade agreements signed since Trump went to office? Mercosur, India and Australia iirc. They’ve all been laying around in a drawer, with minor details missing. Boom, they’re all good now.

        That’s not at random, that’s Europe positioning itself to not rely on the US. The continent has been awakened and the drift away is going to happen. The US wanted to be isolated, they can’t stop the movement now.

        India is going to replace a fair share of the reliance Europe has on the US. But Africa is right there next door screaming for investment, no need to invest in the US

        • plyth@feddit.org
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          4 days ago

          Mercosur, India and Australia

          Mercosur wasn’t signed in Colombia at the initially planned date. That looked like US influence.

          India is built up against China, with an extreme right government that looks US made.

          Australia is big but with a small population. That looks more like a support of the American shift to Asia since it came with a defence agreement if I remember correctly.

          But Africa is right there next door screaming for investment

          So why don’t we invest?

          Five of Cuba’s 15 provinces without power as grid fails again

          https://feddit.org/post/33508934

          We honor the US embargo. There is no independence.

          • BlaestEgnen@feddit.dk
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            4 days ago

            India is built up against China, with an extreme right government that looks US made.

            But it’s a democracy which is moving in the right direction in terms of personal freedoms.

            Australia is big but with a small population. That looks more like a support of the American shift to Asia since it came with a defence agreement if I remember correctly.

            Looking at the official statement, it’s a direct jab against the US turning away from a rules based order. This agreement is not to glaze the US, far from it.

            The EU and Australia are already long-standing allies and partners, whose global outlook is aligned in terms of defending multilateralism and the rules-based international order.

            https://www.eeas.europa.eu/delegations/australia/eu-and-australia-strengthen-relations-security-and-defence-partnership-and-trade-agreement_en?s=163

            So why don’t we invest?

            We are, but we should be investing more. And more importantly, we should cleverly flood the Arabic peninsula with euroes through energy trade. To make Saudi Arabia assert its soft power in Africa and weaken the US in the process.

            We honor the US embargo. There is no independence.

            There’s no way we can break a US blockade on Cuba, just like the US successfully can’t invade France. Distance is a hell of an issue.

            Cuba is too insignificant to cause a greater international reaction

            • plyth@feddit.org
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              4 days ago

              But it’s a democracy

              That’s a nice benefit but we can’t use the Indian trade agreement as an example of European independence if it serves the US strategy.

              defending multilateralism and the rules-based international order.

              As opposed to the multipolar order. This is not opposing the US. France, and thus the EU, were not so long ago excluded from a nuclear submarine deal. I doubt that Australia switched to relying on the EU.

              we should cleverly flood the Arabic peninsula with euroes through energy trade. To make Saudi Arabia assert its soft power in Africa and weaken the US in the process.

              I don’t think Saudi Arabia can be bought like that. Saudi Arabia was made by the US. Also, how would the EU benefit? Saudi Arabia most likely has their own goals.

              There’s no way we can break a US blockade on Cuba,

              True, but we could try to deliver and more prominently rub it in that the US are violating international law.

              Cuba is too insignificant to cause a greater international reaction

              That’s when international law matters. If we don’t defend it or at least try, we signal that it is only there to suppress the ambitions of small countries.

              • BlaestEgnen@feddit.dk
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                4 days ago

                we can’t use the Indian trade agreement as an example of European independence if it serves the US strategy.

                It serves European strategy, as one step to further isolate Russia, to ensure countries we’re closer aligned to are in better positions. Of the three global tigers (China, India, USA), India is the lesser evil.

                Sure India counters China in regional presence, but that’s not the ways USA cares about countering China. India would honestly trade Taiwan for complete soft control of Southeast Asia.

                As opposed to the multipolar order.

                That doesn’t exist, there’s at least 4 polars today. Usa, China, India and EU. There could be arguments for the Arabic peninsula being a 5th major polar.

                Also, how would the EU benefit?

                Trading energy in euroes, would make more euroes float and make the euro as a currency stronger. The more a currency is adapted, the stronger it is.

                It’s the entire tenant behind US growth, the petrodollar. Making the world swim in dollars, which they end up investing back in the US and the US can then buy new shit overseas. The Euro would achieve a similar effect if it bought its energy in euroes, with a third intermediary being Africa. Saudi Arabia would invest in Africa, Africa would buy a mix of food and industrial equipment in Europe and the triangle trade is in motion

                rub it in that the US are violating international law.

                fair

                That’s when international law matters. If we don’t defend it or at least try, we signal that it is only there to suppress the ambitions of small countries.

                An idealists statement, but it’s not how the world spins around