A reminder that as the US continues to threaten countries around the world, fedposting is to be very much avoided (even with qualifiers like "in Minecraft") and comments containing it will be removed.

Image is of the Central Bank of Iran.


My weekly preamble is in spoiler tags below.

preambleThe so-called "Economic D-Day" is set to start this week, which is the term trotted out by the US to describe what it regards as the most crushing sanctions ever unveiled in all of human history against a foreign state. Up to me writing this, nobody appears to have many guesses as to what precisely this would entail, but a confirmed aspect is secondary sanctions - i.e. the sanctioning of any country that does business with Iran. China is Iran's largest trading partner, and has previously explicitly ordered their oil/refining companies to keep receiving and processing Iranian oil regardless of US sanctions. Assuming China maintains this relationship, and the ever-sanctioned Russia does likewise, it's difficult to see how these sanctions could not only 1) be significantly more effective than the current sanctions on Iran, which are very substantial and yet are being successfully sidestepped and mitigated, albeit at a meaningful cost to Iran's citizens, and 2) outright bring Iran to a position of surrender when it is in the midst of an existential war. The only conceivable way would be if the US did genuinely sanction China in response, which even the US, in this phase of baffling idiocy, is not yet so stupid as to attempt. Other suggestions I've seen is that the sanctions aren't so much about trying to keep China away as much as stopping the Gulf states from ever economically, politically, and indeed militarily reconciling with Iran; essentially saying "At the end of this war, you may not be on our side, but you certainly won't be on Iran's either."

Nonetheless, ever since Iran militarily proved themselves back in March and April, and, in particular, their missile cities proved effectively indestructible, I and many others came to the conclusion that the only way to destroy Iran would be some kind of internal political or economic crisis - likely both, going hand-in-hand - and it appears that US war planners now agree. A resumption of missile fire is still plenty possible, mind, but if I was the US, it would be in support of that hypothetical internal crisis, were it ever to start, rather than putting the cart before the horse. Therefore, one does have to take the threat of some kind of overwhelming economic offensive at least a little seriously, simply because it's the only non-nuclear vector left that has even the vaguest possibility of success. From all the analysts I take seriously, I'm getting signals that trend towards optimism that Iran will survive whatever the Bessents of the world can cook up; however, mere survival should not be Iran's medium/long term goal. Imaginary tankers transiting Hormuz notwithstanding, and with global diesel prices now skyrocketing notwithstanding, it's still unclear to me what the end result would be if Iran and the US simply decided to stop fighting from now on and apply maximum sanctions/energy disruption for weeks, months, or even years on end. Would China eventually pressure Iran to make concessions, for example? Could a critical portion of Iran's population, or a segment of the Iranian bourgeoisie, be tempted to try and overthrow the government to end the pain, long before the economy truly internally collapsed?

That's likely why, in response to the proposed sanctions on Iran, there have been signals coming out of the country (as always, hard to verify in the fog of invented/misattributed statements and exaggerations) that Iran could counterstrike by attacking US economic interests in the region - which, if correctly done, sounds much better to me than simply sitting there with thousands of missiles not being fired while you gradually bleed out over the medium term, hoping that the other guy will bleed out first. This would be a pretty profound step for Iran, though. Aside from maintaining the Hormuz blockade, they have always held the (somewhat strategically dubious) "moral high ground" of being the guy to respond to military attacks, perhaps due to an anxiety of being seen as a warmonger either internally or in countries throughout the world, not least their major allies.

So after all that bloviating, I have little more to offer than a shrug in terms of my predictions about what comes next.


Last week's thread is here.
The Imperialism Reading Group is here.

Please check out the RedAtlas!

The bulletins site is here. Currently not used.
The RSS feed is here. Also currently not used.

The Zionist Entity's Genocide of Palestine

If you have evidence of Zionist crimes and atrocities that you wish to preserve, there is a thread here in which to do so.

Sources on the fighting in Palestine against the temporary Zionist entity. In general, CW for footage of battles, explosions, dead people, and so on:

UNRWA reports on the Zionists' destruction and siege of Gaza and the West Bank.

English-language Palestinian Marxist-Leninist twitter account. Alt here.
English-language twitter account that collates news.
Arab-language twitter account with videos and images of fighting.
English-language (with some Arab retweets) Twitter account based in Lebanon. - Telegram is @IbnRiad.
English-language Palestinian Twitter account which reports on news from the Resistance Axis. - Telegram is @EyesOnSouth.
English-language Twitter account in the same group as the previous two. - Telegram here.

Mirrors of Telegram channels that have been erased by Zionist censorship.

Russia-Ukraine Conflict

Examples of Ukrainian Nazis and fascists
Examples of racism/euro-centrism during the Russia-Ukraine conflict

Sources:

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.
Simplicius, who publishes on Substack. Like others, his political analysis should be soundly ignored, but his knowledge of weaponry and military strategy is generally quite good.
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.

Pro-Russian Telegram Channels:

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

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 Telegram Channels:

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.


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[–] 85 points 3 weeks ago (10 children)

Here's the current IMF 2026 GDP (PPP) estimate figures:

  1. China ($43.49 trillion)
  2. United States ($31.82 trillion)
  3. India ($19.14 trillion)
  4. Russia ($7.34 trillion)
  5. Japan ($6.92 trillion)

Three BRICS countries in the top five. Zero EU members.

https://sputnikglobe.com/20260825/russia-soars-to-fourth-in-global-ppp-rankings-beating-europe-1124626429.html

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  • [–] 55 points 3 weeks ago (3 children)

    China has the biggest PPP, suck it US Imperialist Dogs

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  • [–] 34 points 3 weeks ago (1 child)

    Zero EU members.

    Semi-serious question - why would one expect EU countries to be in this list at all? The five states in that ranking also rank just like that in terms of population - as you would expect a ranking of sort-of-similarly developed industrial nations by PPB PPP-GDP to be. The smallest, 5th country in that list, Japan, has a population that is roughly 50% larger than the largest EU country, Germany, which also has the largest economy of the EU. One of the most important presumed functions of the original EU was to increase the leverage of its member states, which are individually quite small in terms of population. Again, the largest EU country, Germany, has a population that just barely makes up 1% of the world population - all the other EU member states are smaller!

    Of course, I'm aware of what you'e getting at, comrade, and please take no offense at my question - we know the EU is in deep stagnation, and Europeans would do well to tone down their rhetoric of economic supremacy, since it is not at all justified in real economic terms.

    That being said - if we look at pure dollar-level GDP output, Germany right now holds the rather inane title of "3rd largest economy in the world". The county surpassed Japan in that position in 2022-23, right when the deindustrialization started in earnest (to really illustrate how absurd these calculations are!), and I still cannot really explain to myself why that is even the case.

    As you can imagine, German domestic media at the time gloated about "surpassing" Japan, while tying to convince Germans that high energy costs are really quite fine and deindustrialization isn't happening (I remember reading a lot of articles like that!). But how can a country of 83 million have a "larger" economy than a country of 123 million, that produces very similar products? (cars, chemicals, electronics, machinery...) This was never seriously explained. Personally, I've thought it had to do mostly with exchange rate shenanigans. The Euro is stronger than the Dollar, and the Dollar is stronger than the Yen (direct-exchange wise), and that's how you get those numbers. I remember reading some leftist economics commentary that went in that direction. What do you think? Obviously something is off with those numbers - the PPP estimate makes much more sense, intuitively, and Germany doesn't feel like a rich country for some years now. Much less #5, the UK lol.

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  • [–] 8 points 2 weeks ago*

    There’s a few things to consider.

    On a theoretical level, Marx has already explained why exchange and use value diverge in a Capitalist economy. At national scales, it can be explained by numerous mechanisms, most notably Imperialism, unequal exchange, US Dollar hegemony, etc.

    But even on a technical level, there are caveats to be had.

    Firstly, the PPP basket, uses 2021 data released in 2024. A 5 year old basket that is then index linked forwards til 2026, after 2 major inflationary wars, will understandably affect results and accuracy massively. This precludes the worst of Germany’s energy crisis, China’s post-COVID response, and numerous other structural changes. This is a notable problem with fixed-weight indexes that introduces base drift after the benchmark year.

    The PPP conversion factor in non-survey years is extrapolated/interpolated by taking into account inflationary movements (the GDP deflator) between countries, by consequently linking it to changes in the US GDP deflator. Exchange rate does have a role technically here (by feeding into inflation during depreciation cycles for example), but in practice PPP is designed to net out exchange rate and inflation factors in the first place.

    Secondly, PPP as a concept is also dubious for gauging real in practice differences. There is not a globally applicable basket. This is something the ICP Programme acknlowedges, where there are regional lists of consumption baskets that is then combined to a global core. But this means in practice, someone in Germany won’t be spending 20% of their income on rent and 30% food, but a global list will have to weight it that way for cross-comparison. So the PPP basket is like a mean compositional average that no real individual country actually spends on but semi-useful for cross comparison.

    Thirdly, this all follows manipulating GDP data which relies on the System of National Accounts (SNA), which has it’s own sorts of failures and inadequacies from a Marxist standpoint.

    So all in all the data has some explanatory power but remains mired with the complexity of condensing all of human activity into one singular number.

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  • [–] 18 points 3 weeks ago* (2 children)

    PPP never featured European countries up top. Besides Germany is sixth place and France ninth.

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