Miscellaneous News

Ace Maverick said:

A great corollary to that theme:

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In the transition to the new global economic architecture, nations indebted to the IMF and World Bank could default at no penalty in the new economic system proposed by Glazyev.

It also lends greater import on Yellen’s warning and plea for China not to create a parallel financial system seperate from the west.

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Now this quote from Sirius Report makes a lot more sense
But the countries that are going to default, needs to be extremely careful. What might likely happen is just a few country at first would move to that system, and those extremely indebted will first make preparations to root out any possible leverages and influences in their country.

Its time for a fairer world, and let the shackles made from debt be broken apart.

Coalescence said:

Now this quote from Sirius Report makes a lot more sense

https://twitter.com/i/web/status/1514918176882102275

But the countries that are going to default, needs to be extremely careful. What might likely happen is just a few country at first would move to that system, and those extremely indebted will first make preparations to root out any possible leverages and influences in their country.

Its time for a fairer world, and let the shackles made from debt be broken apart.

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Also, before you default make sure you remember to make one final loan!

badoc said:

Well, to each his own.
For me, I wouldn't change myself or APE something foreign for the RACISTS.

I always insist on having my name in the CHINESE WAY, SURNAME FIRST.
I get annoyed when others think it is OK to reverse my name.
.

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Proud of you man.

China won't drain supplies to accomodate West — media​

China’s government is not planning to release the country’s massive reserves of grain to provide much-needed relief to Western nations that are bracing for historically high food prices, Chinese local media outlet Xinjiang Daily reported on Friday.

“Some foreign media have recently claimed that the build-up of Chinese grain reserves supposedly 'portended' the [Russian-Ukrainian] conflict by causing a rise in prices in the global grain markets, they even called on China to free up 20% of its grain stocks to save the European market.” the newspaper reported, adding that the demands are “absurd and inadequate.”

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Apparently the Western Media (says Xinhua) is demanding China release 20% of their grain stocks to help relieve the European Markets.

Lol. Go starve. Too scared the peasants will revolt over €50 euro bread loafs now that they plan to embargo oil after the elections.

FriedButter said:

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Apparently the Western Media (says Xinhua) is demanding China release 20% of their grain stocks to help relieve the European Markets.

Lol. Go starve. Too scared the peasants will revolt over €50 euro bread loafs now that they plan to embargo oil after the elections.

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Actually, let's not say "NO" just yet.... we can release some grain to help out our European friends, but payment in gold bullion only, to be melted and recast so we know the shit's real, and we'll start with a generous exchange rate of 1 tonne of grain for 2 tonnes of gold.

Strangelove said:

Actually, let's not say "NO" just yet.... we can release some grain to help out our European friends, but payment in gold bullion only, to be melted and recast so we know the shit's real, and we'll start with a generous exchange rate of 1 tonne of grain for 2 tonnes of gold.

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How about 1 kg of grain for 1 tonne of gold? They pretty much deserve what's coming to them by not preparing in the first place, because they don't care about the stability and prosperity of their country and their people. So let them pay the price, and even then what they bargained for won't be enough to quell the dissatisfaction of their people. Here's hoping their people see through their lies, and pressure them to recalibrate their policies to a more independent one.

FriedButter said:

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Apparently the Western Media (says Xinhua) is demanding China release 20% of their grain stocks to help relieve the European Markets.

Lol. Go starve. Too scared the peasants will revolt over €50 euro bread loafs now that they plan to embargo oil after the elections.

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China should immediately do the ultimate troll move and instead dramatically increase food purchases from the world market.

Better spend that toilet paper "currency" on getting real world things than waiting for it to be robbed by Western Governments

Overbom said:

China should immediately do the ultimate troll move and instead dramatically increase food purchases from the world market.

Better spend that toilet paper "currency" on getting real world things than waiting for it to be robbed by Western Governments

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yup after what the West did to Russia, the China better see the writing on the wall....
spend all of it now today

Otherwise China is just sponsoring the West's containment and destruction of China itself if China releases its grain reverses to "help" out and then get stabbed in the back, this is the MO of the West

Coalescence said:

How about 1 kg of grain for 1 tonne of gold? They pretty much deserve what's coming to them by not preparing in the first place, because they don't care about the stability and prosperity of their country and their people. So let them pay the price, and even then what they bargained for won't be enough to quell the dissatisfaction of their people. Here's hoping their people see through their lies, and pressure them to recalibrate their policies to a more independent one.

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Sure... that's why I said start with 1 tonne of grain for 2 tonnes of gold, this exchange rate like other exchange rates is a measure of risks, so if the europeans behave and play nice, we'll award them with a good rate, otherwise we'll start counting grain kilos against gold tonnage.

Strangelove said:

Sure... that's why I said start with 1 tonne of grain for 2 tonnes of gold, this exchange rate like other exchange rates is a measure of risks, so if the europeans behave and play nice, we'll award them with a good rate, otherwise we'll start counting grain kilos against gold tonnage.

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Sorry, It wasn't supposed to be a retort against you. I'm just feeling a bit disappointed and angry at how the leaders in EU is acting, like they don't seem to have any strategy or realpolitik to serve their own people or country, instead they are actually committing suicide for the benefit of US only. Even if I was an EU elite paid by US, I would try to get the upper hand by selectively backstabbing and plotting behind their backs.

Reading the replies from PTI supporters after IK got overthrown on tweets by their own military, I can feel their pain of seeing their own elites selling their own country and sovereignty. Their apathy, self-destructiveness and nihilism hits too close to home. If such a thing happen in my own country, I'll rather it be broken down than to continue at that state.