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> Yeah, but do you control international banking the way they do? This is why Europe needs to detach itself from the American banking system. It used to be ve
by Frieren 1mo ago
> Yeah, but do you control international banking the way they do?
This is why Europe needs to detach itself from the American banking system.
It used to be very practical to use it. Countries renounced to some sovereignty in exchange for ease of doing business. The USA had an advantage but it didn't abuse it too much.
The current situation is that the USA is asking to forfeit sovereignty and to control business in an ideological basis. There is a strong incentive to leave that system as the alternative is become a colony of the USA. And the push for colonization is not subtle as the president takes over other countries resources like Venezuela's oil or tries to take control of the straight of Hormuz (None part of the USA at this moment)
- graemep 1mo agoAt the moment Europe is getting more reliant on the US. There are new non-Us payment systems but the end user devices are Apple or Google controlled. Governments and banks are very eager to get rid of cash, to introduce digital ID etc. That all relies on American platforms.
- Frieren 1mo ago> That all relies on American platforms. Totally true. The EU needs its own platforms, I hope that better regulated than their USA counterparts. Linux started in Europe, it should have been promoted more for internal usage. But privatization of state-owned companies made it ideologically impossible to push for it. Public good was seen as "bad" and "against business", I hope that the obvious failure of that policy makes it now a possibility to use Linux.
- mcv 1mo agoWe used to. Contactless payments from my phone didn't require Google Wallet a few years ago, but now they do. My bank passes suddenly say VISA and have credit card numbers on them which they didn't have a few years ago. European banks are going in the completely wrong direction and need to reverse.
- graemep 1mo agoThey will only do so if forced to by regulators, and so far regulators have shown no interest in doing it.
- mitxela 1mo ago[dead]
- mitxela 1mo agoYour bank pass may support multiple systems. I think a lot of European cards (not all) are EC-Karten as well as one of the major credit card brands, and when you use it in an ATM, it uses neither system but directly contacts your bank.
- einpoklum 1mo ago> This is why Europe needs to detach itself from the American banking system. So far, what it's detached itself from its sources of fossil fuels. With a little help from its great American friends.
- pessimizer 1mo agoI love how Europeans get pumped up on anti-American rhetoric when they are far more submissive to the US than even a Ukraine or a South Korea is. I'm starting to think the rhetoric (always about what they're about to do, something about Trump, something about Musk) is being pumped to them by US admin think tanks. The US is going to be at peace with Russia, and still pumping anti-Russian rhetoric into Europe to keep them buying US LNG. The big difference will be that they'll start mixing more Trump-Russia rhetoric in - but the result is that they'll be more dependent on the US. The anti-China rhetoric is working great, too. The best thing for a Europe that wants to separate from the US is to completely isolate themselves from any possible energy or trade replacement for the US./s That being said, in Europe it's a small elite class (that is still fairly firmly in control of everything) that pushes this (on direct orders and direct payments from US masters.) The rising degree of control of speech and association they have to exert, and the direct election interference they've had to engage in is very disturbing to a plurality of the European population. And that normally politically disengaged plurality is becoming politically active as their living standards drop.
- UltraSane 1mo ago"anti-Russian rhetoric" Phrasing like this is hilarious when Russia is actually invading Ukraine and randomly bombing civilians in order to permanently steal its land. In this context the objective facts are "anti-Russian"
- mcv 1mo ago> The US is going to be at peace with Russia, and still pumping anti-Russian rhetoric into Europe to keep them buying US LNG. The US isn't really a source of anti-Russia rhetoric. In fact, the US may be the biggest source of pro-Russia rhetoric, with Trump constantly sucking up to Putin and repeating Kremlin talking points.
- mitxela 1mo ago[dead]