• 11 Posts
  • 1.32K Comments
Joined 1 year ago
cake
Cake day: August 8th, 2023

help-circle














  • Buelldozer@lemmy.todaytoFunny@sh.itjust.worksI'm not fucking around.
    link
    fedilink
    arrow-up
    10
    arrow-down
    20
    ·
    11 days ago

    …so now I have a permanently poopy-smelling trash bin that receives weekly deposits.

    I understand and sympathize with your frustration but did no one ever explain that you’re supposed to wash those things out occasionally? 60 seconds with the hose on a semi-regular basis solves the problem. If that doesn’t work then you can use can liners to prevent it.

    It’s not fair that you have to go through extra work or expense to solve a problem that someone else is creating but its better to take action than it is to sit there and stew over it.






  • 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.