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submitted 1 year ago* (last edited 1 year ago) by SeventyTwoTrillion@hexbear.net to c/news@hexbear.net

Image is of container ships waiting outside the canal. While there is usually some number of ships waiting for passage, the number has increased significantly lately.


In order to move ships through the Panama Canal, water is needed to fill the locks. The water comes from freshwater lakes, which are replenished by rainfall. This rainfall hasn't been coming, and Lake Gatun, the largest one, is at near record low levels.

Hundreds of ships are now in a maritime traffic jam, unable to cross the canal quickly. Panama is attempting to conserve water and have reduced the number of transits by 20% per day, among other measures. The Canal's adminstrators have warned that these drought conditions will remain for at least 10 months.

It is unlikely that global supply chains will be catastrophically affected, at least this year. Costs may increase for consumers in the coming months, especially for Christmas, but by and large goods will continue to flow, around South America if need be. Nonetheless, projecting trends over the coming years and decades, you can imagine how this is yet another nudge by climate change towards dramatic economic, environmental, and political impacts on the world at large. It also might prompt discussions inside various governments about nearshoring, and the general vulnerability of global supply chains - especially as the United States tries, bafflingly, to go to war with China.


After some discussion in the last megathread about building knowledge of geopolitics, some of us thought it might be an interesting idea to have a Country of the Week - essentially, I/we choose a country and then people can come in here and chime in with books, essays, longform articles, even stories and anecdotes or rants, related to that country. More detail in this comment.

Here is the map of the Ukraine conflict, courtesy of Wikipedia.

Okay, look, I got a little carried away. Monday's update usually covers the preceding Friday, Saturday, and Sunday, but I went ahead and did all of last week. If people like a more weekly structure then I might try that instead, if not, then I'll go back to the Mon-Wed-Fri schedule.

Links and Stuff


The bulletins site is down.

Examples of Ukrainian Nazis and fascists

Examples of racism/euro-centrism during the Russia-Ukraine conflict

Add to the above list if you can.


Resources For Understanding The War


Defense Politics Asia's youtube channel and their map. Their youtube channel has substantially diminished in quality but the map is still useful.

Moon of Alabama, which tends to have interesting analysis. Avoid the comment section.

Understanding War and the Saker: reactionary sources that have occasional insights on the war.

Alexander Mercouris, who does daily videos on the conflict. While he is a reactionary and surrounds himself with likeminded people, his daily update videos are relatively brainworm-free and good if you don't want to follow Russian telegram channels to get news. He also co-hosts The Duran, which is more explicitly conservative, racist, sexist, transphobic, anti-communist, etc when guests are invited on, but is just about tolerable when it's just the two of them if you want a little more analysis.

On the ground: Patrick Lancaster, an independent and very good journalist reporting in the warzone on the separatists' side.

Unedited videos of Russian/Ukrainian press conferences and speeches.


Telegram Channels

Again, CW for anti-LGBT and racist, sexist, etc speech, as well as combat footage.

Pro-Russian

https://t.me/aleksandr_skif ~ DPR's former Defense Minister and Colonel in the DPR's forces. Russian language.

https://t.me/Slavyangrad ~ A few different pro-Russian people gather frequent content for this channel (~100 posts per day), some socialist, but all socially reactionary. If you can only tolerate using one Russian telegram channel, I would recommend this one.

https://t.me/s/levigodman ~ Does daily update posts.

https://t.me/patricklancasternewstoday ~ Patrick Lancaster's telegram channel.

https://t.me/gonzowarr ~ A big Russian commentator.

https://t.me/rybar ~ One of, if not the, biggest Russian telegram channels focussing on the war out there. Actually quite balanced, maybe even pessimistic about Russia. Produces interesting and useful maps.

https://t.me/epoddubny ~ Russian language.

https://t.me/boris_rozhin ~ Russian language.

https://t.me/mod_russia_en ~ Russian Ministry of Defense. Does daily, if rather bland updates on the number of Ukrainians killed, etc. The figures appear to be approximately accurate; if you want, reduce all numbers by 25% as a 'propaganda tax', if you don't believe them. Does not cover everything, for obvious reasons, and virtually never details Russian losses.

https://t.me/UkraineHumanRightsAbuses ~ Pro-Russian, documents abuses that Ukraine commits.

Pro-Ukraine

Almost every Western media outlet.

https://discord.gg/projectowl ~ Pro-Ukrainian OSINT Discord.

https://t.me/ice_inii ~ Alleged Ukrainian account with a rather cynical take on the entire thing.


Last week's discussion post.


(page 11) 50 comments
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[-] Nomisslehere@hexbear.net 21 points 1 year ago
[-] meth_dragon@hexbear.net 20 points 1 year ago

pretty good series of essays on chinese local government financing vehicles written by a investbro twitter guy from the anti-michael-pettis camp.

he's also probably not a marxist, so be sure to make three offerings to the michael hudson shrine in your closet before you indulge in bourgeois economism.

[-] keepcarrot@hexbear.net 20 points 1 year ago

Coded up a roll corrector and now my turret does a little jiggle continuously when I turn it on. Time for bed, will fix tomorrow.

[-] notceps@hexbear.net 20 points 1 year ago* (last edited 1 year ago)
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[-] Redcuban1959@hexbear.net 20 points 1 year ago

Bitcoin Reaches Two Years as Legal Tender in El Salvador

In September 2021, this nation became the first in the world to establish cryptocurrency as legal tender, alongside the U.S. dollar.

Although bitcoin reaches two years as a legal trend in El Salvador, the population has not widely embraced this cryptocurrency.

In September 2021, this nation became the first in the world to establish cryptocurrency as legal tender, alongside the U.S. dollar. Over US$250 million has been invested in this project, which stands as President Nayib Bukele's flagship economic endeavor.

Two Years with Little Data

The Bukele administration allocated US$150 million to a trust for converting cryptocurrency into dollars, spent at least US$107 million to acquire 2,381 bitcoins, and provided a US$30 bonus to those who downloaded the government's digital wallet.

Information on the use of these resources has been kept confidential by public institutions, with Bukele's social media posts being the only official source.

In mid-November 2022, Bukele announced that his administration would start purchasing one bitcoin daily. As of now, 295 days have passed, and authorities have not confirmed any such purchases. Salvadoran bitcoin reserves originally cost around US$107 million but are currently valued at approximately US$61.3 million due to fluctuations in cryptocurrency prices.

In 2022, it was also expected that the Bukele administration would issue bitcoin bonds, known as "Volcano Bonds," worth US$1 billion to finance the construction of Bitcoin City in the eastern part of the country. However, this financial move did not materialize.

Bitcoin for Campaign Financing?

In 2024, El Salvador will hold general elections, and despite constitutional objections, Bukele will seek immediate re-election for another five years.

According to Eduardo Escobar, director of Citizens' Action, the country is once again heading into elections "with open doors and windows for organized crime, public funds, and foreign governments to finance electoral campaigns."

"We have been highlighting the deficiencies in oversight by both the Supreme Electoral Tribunal and the Court of Auditors," he stated, adding that bitcoin "is allowed for campaign financing" but can also serve as a tool to obscure the source of funding.

The adoption of this cryptocurrency "has only increased the opacity in the management of public affairs," Escobar said, adding that bitcoin has been used to promote an image of a modern El Salvador, which is mostly propaganda.

Some Economic Figures

According to the Central Reserve Bank (BCR), El Salvador's economy grew by 10.3 percent in 2021. However, economists attribute this growth to the post-COVID-19 economic recovery rather than the adoption of Bitcoin.

In 2022, the country's economy expanded by 2.6 percent, slightly below the expected 2.8 percent, and it is projected to close 2023 with economic growth between 2 and 3 percent, among the lowest in the region.

The number of jobs generated by the adoption of Bitcoin, as well as its contribution to foreign and private investment, remains unknown. There are at least 97 registered service providers, including recognized exchange houses.

On the other hand, El Salvador experienced a 28 percent decline in remittance receipts through cryptocurrency wallets between January and July 2023, compared to the same period in 2022.

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this post was submitted on 04 Sep 2023
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