UBS agrees to buy Credit Suisse for 3 billion franc($3.25 Billion). Switzerland is on hook of 9 Billion franc($9.7 Billion) if Credit Suisse incurred losses exceed 5 billion franc. Credit Suisse 16 billion franc($17.3 billion) AT1 bonds(additional Tier 1 bonds) would be wiped out and become worthless. This is bad. The balance sheet of Credit Suisse has to be terrible for such forced bailout and buyout to occur.
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- Thread starter bd popeye
- Start date
plawolf
Lieutenant General
Funny in thinking aping the US in doing batshit crazy stunts and empty threats is going to win anyone over to your side.
The world respect strength. Who is showing more strength, the one dishing out sanctions like they are going out of date, or the one who shrugs those sanctions off so effortlessly it doesn’t even see the need to respond to many of them?
The US ruling elites are so obsessed with sticking it to China they are letting their masks slip badly. They can go further down the escalation path not because they have better cards, but because they care nothing for how badly they are fucking over their own subjects just to try to hurt China a little. China’s leaders are enduring all the cheap shots and petty BS from the US because those juvenile insults are so idiotic and inconsequential it’s not worth the cost to the Chinese people’s dignity to ‘avenge’.
As the saying goes, don’t lower yourself to fighting with idiots. They will just drag you down to their level and beat you with experience. Nothing is more accurate and appropriate in describing trying to engage in media spin BS against western politicians. That’s literally their only job and qualification.
It is more likely that DPP doesn't have a read on CPC and is afraid further poking China would elevate the tension and result in unfortunate event to occur. Ma is pro-independent and fake pro-unification KMT member. During Ma's presidency, he has done nothing to ease Taiwan from anti-China media and distorted textbooks that sealed the independent movement in Taiwan.
Any signs that China is soft on Taiwan would encourage and embolden more actions from Taiwan to seek recognition and poke China. Both the US and Taiwan are trying to get a sense and a read of China's policies toward Taiwan and where is the true redline so they could further antagonize China without serious consequences.
Serves them right for towing the American line. The reputation damage done by seizing Russian assets on behalf of the USA cannot be worth the potential of the Swiss economy going belly up for the future bank runs of Other nations deciding that Swiss banks are unsafe, right. Really the USA is the worst ally to have ever
As evidenced on this forum
@Eventine post is gold. Soft power is about narrative, not apolitical entertainment. Wake me up when Chinese political thought and terminology become household words.
As it is, China has its work cut out for it after reunification. Even mainland education is still a big work in progress, it takes a really long time to filter out these white loving grey haired professors from the universities.
Thankfully, there are many ways to exploit and counter US narratives without needing decades of educational reform. It's becoming easier as the US narratives gets more outlandish by the day, and as the worldwide opposition grows. Just look at the Iran-Saudi deal, we practically saw Al Jazeera (and many international Muslim nations/intellectuals/communities) flip to pro-China overnight. A core part of US narratives was that China was another North Korean tinpot dictatorship, just another exploitive colonizer, couldn't accomplish anything delicate diplomatically, just threw its economic weight around like a brute whenever it didn't get its way. Now that I think about it, more projection from the agreement-incapable US. They use this narrative to sell Taiwanese youth on "China is a brute, they will invade your island and send you to the camps". Then Chinese diplomacy came along and bam whole world is thinking "no, China does have integrity" and the US pundits are sputtering incoherently. I'll admit this approach probably will not work on the young (who aren't used to thinking critically) or the most radical.
As China continually backs up its words with its actions (reinforce soft power with hard power), the US will need to do more mental gymnastics and their narratives grow ever more incoherent. They will destroy their own soft power.
Seeing this, the vassal states (like EU did during Trump) will attempt to present alternative "purer" ideologies to justify their stances. China simply needs to play on grievances between the panicking vassals and prevent the formation of a new common neoliberal ideology. The empire separates irreversibly and multipolar order arises naturally after that.
Why does China share such kinship with African nations? Because we share narrative of developing nation and anti-colonial struggle backed up by historical reality. I've heard China also uses the narrative of "repayment": African nations supported China into UN, many years ago. To build and empower Africa is to repay a decades old debt. China is an old, mature civilization with a long memory, they do not forget their friends. That is example of a pro-China narrative.
Whoever wrote that article knew its audience well. It is well written
That's a waste of a sentence, which is pretty normal practice nowadays coming out of US politics. Just like how Rubio passes tens of new laws against China every day, yet all are trivial. But hey, at least they tried. Now when the US people in the future put them on trial, they can just throw these back as evidences: "look all these legislature I threw at China, you can't seriously accuse me of inaction!".
This is another total bullshit. The people in the world and their educated elites are NOT stupid. The only stupid ones are the Americans: they do all these useless Rubio virtual-signaling, only to receive equally fake and ingenuine response from the people in the world. Now you have country like Germany paying lip service to the US with these "China Bad", while at the same time, vastly increase their actual business and co-operation with China both under the table and out in the open.
If China's reputation is truly tarnished by such scum-like thug-like tricks of the USA, how on earth did China manage to get Iran and Saudi-Arabia on the negotiation table to mend their relations?
These American thug-ocracy only manage to fool their own people and the idiots who choose to believe in them. You are welcome to believe in them.
Do you even know what "save face" means? Why do you guys act like children: you learn a new word, and you repeat that word everywhere. This is what I don't like the most about the Western style of academia: they LOVE to treat foreign knowledge and wisdom like some kind of exotic "eastern mysticism" bullshit. Making Suntzu into some kind of magician, or Confucius into some kind of weirdo spewing incoherent words of confusion all the time. Every educated Chinese thinks of "克己复礼" when Confucius is mentioned, not some incoherent words of confusion. You think it's funny, we don't.
You don't know what "save face" means, Chinese political thoughts, ideas, methodologies, discourse all has no mentioning of "save face" in their discourse. "Save face" is what we Chinese call a "市井词汇", using it automatic degrades the level of seriousness in the context of any political discourse.
《留候论》：“人情有所不能忍者，匹夫见辱，拔剑而起，挺身而斗，此不足为勇也。天下有大勇者，卒然临之而不惊，无故加之而不怒。” This is written in 1061 AD, centuries before the US started to exist. Do I even need to tell you how primitive your perception is?
When on earth does the average person ever matters, in the grant scheme of history? Don't you ever doubt the motive of those who keep telling you that "you, the regular Joe, actually matters in the grand scheme of history"?
Well, to be honest, I would really doubt the motive behind those who propel the perception that a regular blue collar Joe in the US who has never gone outside of their region in their life time actually matters. I am sorry that I am this harsh. But that's the truth.