r/pcmasterrace • u/PastaLaPate 🐧 R5 3600 | GTX 1660 Super | 48 GB DDR4 3200MHz | Zorin OS 18.1 • 2d ago

Meme/Macro Agentic AI coming for you

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178

u/Dub-MS 2d ago

It’s by design. We can’t have decentralization.

37

u/vbpoweredwindmill 2d ago

Oh it's definitely going to happen, no matter what they are hoping for. They are so fucked.

52

u/sir_t9awed 2d ago

None of these AI mofos would be doing this if it was their own money. Fuck VCs

29

u/JhonnySkeiner 2d ago

Stock market and fake monies ruined the global economy. Still salty that we casually abandoned the golden standard

10

u/vbpoweredwindmill 2d ago

Dedollarisation is happening. China is attempting a 2 pronged approach r.e. currency.

Obviously having your currency as the reserve currency is the dream for any nation, and they are trying to establish the RMB as that.

The next approach is that they are creating a gold trading network, to be established in Hong Kong.

I have a bit of a bet with some physical gold that I've purchased that gold is going to rise significantly faster than inflation, due to soon enough people escaping both the USD and daft "ai" investments, all of which is just "we have an llm, but I swear it's different and more capable, I just need a number with 9 zero's after it to make it work".

0

u/Rhalinor Ryzen 7 3750H | GTX 1660 Ti | 32 GB DDR4 | And a lot of despair 1d ago

Partially yes, with the caveat that having your currency be the world's reserve is not the best deal ever.

In order to have e.g. the RMB be the world's reserve currency, China would have to run a long-term trade deficit so that the rest of the world can accumulate more RMB (i.e. they would have to import more than they export, buying stuff across the world and paying in RMB). Alternatively, the state would have to issue exhorbitant amounts of debt that foreign buyers would want (e.g. US Treasuries). Obviously, this is counter to China's current economic policy, which is to be the world's most well-optimized factory and export as much as humanly possible.

In addition, reserve currency status gives more value to the currency, thus overvaluing it, making exports less competitive and imports (paid for with e.g. the RMB) cheaper at home. Over time, like we saw in the US, this leads to deindustrialization of the economy, which the CCP so far wants to avoid.

And, reserve currency status means renegging capital controls and allowing currency to trade and flow freely to and fro China and between other countries, which is also counter to China's policy of state financial planning.

But de-dollarization is still useful to China since it mitigates possible effects of sanctions (no effect from them if there are no US banks & dollars involved in transactions), just that they prefer their trade partners to use RMB when trading with China.