It literally says in the article that nothing is going to fully replace it. And the same way that it didn’t happen overnight for it to become the force that it’s today in the global economy, it won’t disappear overnight either.
America decided to politicize and weaponize the USD and so the rest of the world decided to reduce usage of USD in international trade. They can use currencies of their trade partners to trade, so that:
1. Currency flows are invisible to the Fed
2. US sanctions cannot ban mutual trade in other FX
these two are the major ones, so if Brazil wants to trade with China, they don't need to use USD, they can hold each other's FX as some reserve and use it for trade
I agree with the sentiment of the article but I don’t understand the point they were trying to make here:
“Before, you had to go socialize with friends; now, you can just get drunk with a bunch of strangers. Before, you had to go find a mate, create children and raise a family; now, you can just watch a lot of porn.”
I’d think more of Facebook, Instagram and Netflix or the advertising industry in general like weaponized additions than what I do of alcohol.
I think it means before the author had access to alcohol. To expand it, before the author had access to alcohol [an addictive substance[0]], he had to socialise with friends, and now that he has access to alcohol, he can instead get drunk with people, which is (for some unexplained reason) a lesser activity.
Doesn't make much sense to me, but makes more sense than any other interpretation I can think of given that alcohol production is pre-historic.
[0] Personally I disagree. I think alcohol is a nice social lubricant and that also beer and wine are nice drinks. The demand for non-alcoholic/low-alcoholic beer and wine proves wrong the people that have claimed that beer and wine aren't really enjoyed by people that drink, and that people mostly just drink to get drunk.
There are people that ruin their lives in part through abusing alcohol but I don't think alcohol is to blame. Personal responsibility. If you can't handle it, don't drink. Don't ruin it for everyone else by imposing endless additional rules because some people can't handle themselves. eg. https://www.rnz.co.nz/news/national/557549/christchurch-city...
Yeah "before" - before when? Before Sumer and Ur? If anything getting drunk with strangers is way less common now than it ever was in the past. A hundred years ago it was all about spending the rest of the day at the pub when you knock off your job at the steelworks. Alcohol consumption has dropped heavily in most developed countries.
This argument that the data centers and all the GPUs will be useful even in the context of Deepseek doesn't add up... basically they showed that it's diminishing returns after a certain amount. And so far it didn't make OpenAI or Anthropic go faster, did it?
I had an incident with a debt collector once(UK), they call me saying I had some pending parking tickets to pay and asked for my address, DoB, etc to confirm it was me, I refused and asked them to tell me the details they had, they refused.
This kept going on for about a year, the legal limit they can chase a debt, so at that point they gave in and share the details and as it happens, it wasn’t me. Don’t even own a car, which I mentioned multiple times.
Anyways, I’d never share my details over the phone if I’m not fairly certain who’s in the other side. This company was legit but had very suspicious tactics.
I think you don't know enough about the EU if you think business will continue as usual...
When the EU says it's preparing for NDB, it's referring to the fact that the Dutch government already hired around 1000 customs officials to deal with it. Business won't continue as usual.
