For a country in the North America continent and another in the Asia continent to talk and decide on the fate of a war ongoing in the European continent, do the Europeans feel ashamed of their impotence ? Is that really the new world order they want to see ?
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- Thread starter bd popeye
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For a country in the North America continent and another in the Asia continent to talk and decide on the fate of a war ongoing in the European continent, do the Europeans feel ashamed of their impotence ? Is that really the new world order they want to see ?
Interesting from Uzbekistan
"Uzbekistan becomes the first Central Asian country to openly support the territorial integrity of Ukraine and condemn "military actions and agression"
"Uzbekistan becomes the first Central Asian country to openly support the territorial integrity of Ukraine and condemn "military actions and agression"
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If you ask Chinese inside China, you would find vast majority agree with you. But reality is brutal and life is not fair. Human history is indeed shaped by superpowers, not democratic nobodies.
Perhaps these talks that Pres. Biden is having with Pres. Xi today?,will give us a better indication which direction China has decided to take.
The call will happen on Friday
The europeans need to ask washington if they should feel ashamed
That war between Israel and the Arab states in the 1970's, lead to the OPEC oil embargo.
The idea back then, that cartels were not suppose to work. That was right from the textbook. But that proved to be untrue, as the oil cartel did work together and caused an oil shortage.
This oil shock as it became to be known by OPEC, cause gas prices to rocket in the United States, which lead to a recession, and persistent inflation.
The Vietnam War at the time was winding down, but the Americans were still funding it. That needed money, apparently which they were running out of. Cannot remember that angle.
So the Americans had war, inflation, oil shortages. This lead to the recession. This was the general malaise of America during the 1970's.
What happened next, was the recession turned into stagflation. The inflation was still there, but economic stagnated. That too was not in the textbook. The world never seen that, stagflation. That lasted all the 1970's in America, until Ronald Reagan came onto the scene.
Reagan was not important. Who was important was the Fed Chairman at the time, Paul Volker, who raised interests rates above 20%, (forget), in order to crush inflation in America once and for all.
What Volker did, raising interest rates that high cause the worst recession in US history since the Great Depression. But it worked. Inflation was crushed.
After Volker raised rates, and crushed inflation in the US, that ushered in a period known as disinflation in America, that happened to last decades, until recently.
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Blah blah blah.
What is important I think, is that there is inflation, but they won't let it get out of hand. They will allow it, but try to manage it at the same.
Seems to me there is a grand experiment with managing the US economy through various methods. Will it work? Who knows.
When Volker raised those interest rates sky high, apparently he was asked under testimony to the US congress to review these things, and Volker testified that indeed that was his plan to raise interest rates, but he did not know if it would work.
Hey, what Volker did that half year, that effect lasted decades, and he claimed he did not know it will work.
But, we still got to do something right? Just go long the stocks, and avoid the bonds, maybe buy commodities, probably should just listen to Ray Dalio.
A strong China is not necessarily inimical to Western interests. China is actually a beneficiary of the rules based order before Trump swung a massive sledge hammer on it. They just had to adjust their strategies because Western powers don’t see the relationship as beneficial, even though it is.
Xi, Wang Yi, and Yang are literally saints with suffering the punishment of having to deal with these 5-year olds in the White House
"U.S. SECRETARY OF STATE BLINKEN SAYS BIDEN WILL MAKE CLEAR TO XI THAT CHINA WILL BEAR RESPONSIBILITY FOR ANY ACTIONS IT TAKES TO SUPPORT RUSSIA'S AGGRESSION"
"U.S. SECRETARY OF STATE BLINKEN SAYS BIDEN WILL MAKE CLEAR TO XI THAT CHINA WILL BEAR RESPONSIBILITY FOR ANY ACTIONS IT TAKES TO SUPPORT RUSSIA'S AGGRESSION"