• FiniteBanjo@feddit.online
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    7 hours ago

    Dumbass move, imo.

    Are Canadians on average not aware of how China promoted and enabled the Trump admin?

    • Otter@lemmy.caM
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      4 hours ago

      Even if that were the case, this particular move sounds like a good thing if it closes loopholes / underhanded payment options?

      That includes granting greater market access for financial services and fostering engagement between Canadian and Chinese regulatory authorities.

      • Avid Amoeba@lemmy.ca
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        2 hours ago

        Or if it builds capital and payments channels that allow us to use their financial system, in addition to Europe’s, as a hedge when the Americans tank theirs again, bigger and better than 2008. It’s not like there isn’t a likely debt bomb with its fuse already lit… This time around we’re also more exposed than the last on account of TD scooping up failed American banks after 2008.

      • FiniteBanjo@feddit.online
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        4 hours ago

        I’d rather any pennies or deeds being transferred to China were highly illegal an the perpetrators punished than have it be legally done in broad daylight.

        • Otter@lemmy.caM
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          3 hours ago

          Financial transparency would help enforce whatever laws Canadians want to implement. If Canadians decide that we want to make it illegal, as you have described, then it would be easier to enforce that with the extra regulatory oversight

          • FiniteBanjo@feddit.online
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            3 hours ago

            Opening markets to China will be like streaming poison into them, stripping power from Canadians with every heartbeat.

    • Avid Amoeba@lemmy.ca
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      5 hours ago

      Ah yes, China promoted Trump, because they love losing money on trade, they appreciate getting their oil supplies from Venezuela and the Gulf fucked, they also famously appreciate losing hard earned influence in Panama and across South America. Only Americans can be so self-absorbed as to look for someone else to blame for the monumental fuckups of the last 10 years while fucking the rest of us. And you’re not even fucking done yet.

      Kindly take off, eh

      • FiniteBanjo@feddit.online
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        4 hours ago

        In Trump’s first term he attempted to dismantle NATO, something China has always openly opposed an often targets in its psyops as “western imperialism”. In his second term he tariffed almost every nation on earth which resulted in China filling gaps. This isn’t even up for debate, though, look for yourself:

        LINK: TikTok favored Republicans during election

        And then:

        image

        image

        TikTok, which currently operates out of Beijing, now, in the past, and forever, voluntarily shut itself down and then turned itself back on in order to endorse Trump. Biden had already announced he had no plans to enforce any such ban.

        You’re free to debate whether China’s actions were beneficial for them, but it’s pretty fucking clear China took the actions.

      • lepthesr@sh.itjust.works
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        5 hours ago

        Lol, k. Emotional dude is so emotional it’s manipulating his thoughts into being disingenuous.

        Nothing ever bad has happened under those circumstances.

          • lepthesr@sh.itjust.works
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            3 hours ago

            I’m not opposed to you guys do what you do, but first, the last 10 is just wrong. Second, you elected reps to sign trade agreements.

            If it wasn’t in your interest, you fucked up. But my point being, making an international agreement in under 2 years is up there with selling you out. Look up how long real financial trade agreements take to get agreed on.

            Welcome to the club.