Asian News, Unslanted

New Cold War proxy conflict brewing in Myanmar​


By any measure, it would be a stretch to say that the United States is currently engaged in a New Cold War proxy war with China and Russia in Myanmar.

But as the conflict between the State Administration Council (SAC) junta and a proliferating array of ethnic and political resistance armies escalates, the rivalry between the world’s two big blocs could yet determine the outcome of Myanmar’s increasingly vicious civil war.

On one side, the US is supporting the anti-coup National Unity Government (NUG) and by extension its affiliated People’s Defense Forces armed groups scattered across the country. On the other, China and Russia are more clearly, although not always overtly, in the junta’s camp.

Read More Here
https://asiatimes.com/2024/05/new-cold-war-proxy-conflict-brewing-in-myanmar/
 

New Cold War proxy conflict brewing in Myanmar​


By any measure, it would be a stretch to say that the United States is currently engaged in a New Cold War proxy war with China and Russia in Myanmar.

But as the conflict between the State Administration Council (SAC) junta and a proliferating array of ethnic and political resistance armies escalates, the rivalry between the world’s two big blocs could yet determine the outcome of Myanmar’s increasingly vicious civil war.

On one side, the US is supporting the anti-coup National Unity Government (NUG) and by extension its affiliated People’s Defense Forces armed groups scattered across the country. On the other, China and Russia are more clearly, although not always overtly, in the junta’s camp.

Read More Here
https://asiatimes.com/2024/05/new-cold-war-proxy-conflict-brewing-in-myanmar/
Nigga posts 2 year old new news.
 
That fucking title.
 

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'Could Resonate Globally': Korea Sparks Market Chaos With 'AI Tax' Threat​

sauce

Korean markets were under pressure overnight after politicians floated the idea of tapping AI profits.

Bloomberg reports that a top South Korean policymaker said the nation should pay citizens a 'dividend' using taxes on AI profits, with the obvious read through to Samsung and SK Hynix.

The comments in a Facebook post by presidential policy chief Kim Yong-beom fueled sharp swings in Korean stocks on Tuesday as investors struggled to parse the scope of the proposals.

“Excess profits in the AI era are, by nature, concentrated,” Kim wrote.

Memory companies, core engineers and asset holders in Seoul are highly likely to receive substantial benefits, while much of the middle class may experience only indirect effects, he said.

The size of any potential dividend, and other details on how Kim’s proposals might be implemented, weren’t immediately clear.

The episode is the latest example of politicians calling attention to how the advent of AI risks widening the gap between the haves and have-nots.

While Kim’s ideas are preliminary, if they were to be rolled out it would mark one of the first concerted government efforts to share the proceeds of the boom.

As Goldman's One-Delta desk-head, Rich Privorotsky, noted this morning, this feels like a theme that could resonate globally given the extreme concentration of AI earnings and the fact that the benefits skew so disproportionately to mega cap winners.
 

'Could Resonate Globally': Korea Sparks Market Chaos With 'AI Tax' Threat​

sauce

Korean markets were under pressure overnight after politicians floated the idea of tapping AI profits.

Bloomberg reports that a top South Korean policymaker said the nation should pay citizens a 'dividend' using taxes on AI profits, with the obvious read through to Samsung and SK Hynix.

The comments in a Facebook post by presidential policy chief Kim Yong-beom fueled sharp swings in Korean stocks on Tuesday as investors struggled to parse the scope of the proposals.

“Excess profits in the AI era are, by nature, concentrated,” Kim wrote.

Memory companies, core engineers and asset holders in Seoul are highly likely to receive substantial benefits, while much of the middle class may experience only indirect effects, he said.

The size of any potential dividend, and other details on how Kim’s proposals might be implemented, weren’t immediately clear.

The episode is the latest example of politicians calling attention to how the advent of AI risks widening the gap between the haves and have-nots.

While Kim’s ideas are preliminary, if they were to be rolled out it would mark one of the first concerted government efforts to share the proceeds of the boom.

As Goldman's One-Delta desk-head, Rich Privorotsky, noted this morning, this feels like a theme that could resonate globally given the extreme concentration of AI earnings and the fact that the benefits skew so disproportionately to mega cap winners.
Good
 
It would be nearly impossible to re-establish the gold standard at this stage, with one exception. Civil war or global war which wipes out all governments, and all governments are "restarted" with clean slates.

"The Great Reset," I fathom is not resetting the west's legers, but the world's. Which I spectulate if they crash the entirety of the worlds ecconomies at the same time the "reset" could "work."

Which may be is the reason why the West is so desperate to collapse Chian, (which is happening) and Russia (which seems more resolute)
 
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