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supercat

Colonel

Coalescence

Senior Member
Registered Member
Yeah, idiots like this respond with the same space Russia crap until the literal weapon of mass death hits them in the face. Somehow, I am feeling thankful thank I am not living in Europe or the USA right now because it’s pretty clear that they will be the first and perhaps last on the chopping block
I think the guy is complementing that Russia's weapons are as powerful as weapons found in fictional media, which are like destructive as hell, if we look at weapons in anime.
 

Bellum_Romanum

Brigadier
Registered Member
Bro, I am not only living in US, I am a US citizen. So don't be mad if I am going to argue against your doomsday sentence :cool:

So first, as usual or as always, CNBC is a lagging indicator when it comes to de-leveraging, because that subject is not sexy but depressing and not bringing sponsors.

Secondly, That guy was the Dallas FED chief prior to the 2008 great financial crisis. None of those people in FED or on WST in positions prior to 2008 is credible or qualified to talk about US economy, period!!!

Thirdly, once again, those people confused inflation with prices going up. Inflation is a monetary phenomenon. It does not have direct relationship with pricing of some specific assets or commodities. The whole world is running a fiat monetary system after ditching the gold standard. When an economy is flooded with too much credit, that is inflation. When an economy is undergoing a credit crunch, that is deflation.

Stagflation is a buzz word invented by talking heads who just want to make them look good. There is no fundamental meanings to it. It is useful to scare uninformed.

US has ways and means to avoid a depression. Even today. Politicians are in the way. WST is always in the way. Lobbyists, crooks, you name it. Cases in point:

(1) There are overwhelming reasons to call off the trade war, which can instantly provide material relieves to domestic economic entities as well as consumer. It does not serve any meaningful purposes, other than a few faces of named politicians.

(2) A new tax regime with {5%, 10%, 15%, 20%} of all incomes of persons and institutions. And no deductions, period!!!

(3) USD20 minimum wage, which I argues since 2008. People who argued against minimum wages are those who contributed greatly to this 20+ years of monetary deluge.

(4) Abolish FED.

(5) Establish an electronic trading platform for buying and selling treasury bonds and municipal bonds. No human participants.

The list can go on and on. But none of them would be enacted by the politicians we have had in the past 3 decades or so. Still, the US economy is not going to crash or something like that. Stock markets may look ugly, but they don't equal to the US economy. Correction or recession is norm in any capitalistic economies. Only stupid politicians are capable of creating depressions.
What you said are maybe true to a certain extent but what's undeniable is that your political system and so-called leaders are sorely lacking and will be lacking in the foreseeable future. And since the primacy of civilian leadership a.k.a. collective dumb dumbs your country is screwed and will be screwed if the political class don't get their acts together.

Who's going to save your Republic? Little Marco? A grandstanding empty suit who loves to hear himself speak and wax poetically about his supposed humble Cuban roots? Kamala "Cackling" Harris who's previous political role was the state prosecutor in California used her blackness and brown background to complete the diversity check marks required in California electoral process, and then from there she used that background to become then California U.S. Senator and served not even half the 6 years term since she used the majority of her time burnishing her public profile or image as the next candidate for Democratic presidency. She used national hearings on illegal immigration and many national security issues for your country as a vehicle for grandstandings a.k.a. political theater along with her fellow Senator Cory Booker of New Jersey.

The Republicans are no better, they only offer your predictable cut taxes, anti-abortion, anti-China/Russia, and F the Liberals etc..I have yet to encounter a true leader in American political class. The closest one I could think of is the former governor of Utah (not slick Romney) and a former ambassador to China who also speaks Mandarin Jon Huntsman Jr. But the chances of that guy becoming the next U.S. President is slim to none. In any case, he's still going to be hamstrung and constrain by the same forces that has impeded and befuddled all of his predecessors excluding FDR.
 

Botnet

Junior Member
Registered Member
Some Western nations are so worried about Solomon Islands, not because China may build a military base there, but because China will build infrastructures there. For them, anything that promotes the BRI is a big no no. It would be "devastating" to them if the Solomon Islands becomes a shining example of the success of BRI.

Meanwhile in the U.S. - no wonder they cannot tolerate China building infrastructures:
To the US, there is no carrot, its just the stick.

Also very interesting that the elected politicians in Merica seem to have all instantaneously developed amnesia and are acting as if the Solomon Islands have some sort of lifetime debt to them, as if they didn't bomb them back to the stone age not even a century ago.
 
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emblem21

Major
Registered Member
Today is the 8th anniversary of the Odessa Massacre. Such atrocity pretty much makes the 2022 Ukraine War preordained. While nobody was held responsible by the Ukrainian side, Russia will definitely hold a trial once the area is under Russian control.



And yet the usa tries to lecture Russia on human rights and paint these fascist bastards as saints. May God bring judgement and ruin to the US government, neo cons and all those that support this sort of shit because nothing will ever get through to those secluded freaks then some serious amounts of hellfire. And also, may Ukraine finally get a reality check and zelenski the Maria antonnete treatment. My blood boils when innocent life is taken and the only reason that justice didn’t come is because the USA said so
 
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yjl11

New Member
Registered Member
I hope China can find a way to rid the U.S treasury bonds.

China regulators reportedly meet banks to discuss protecting assets from US sanctions​

China is scrambling to find ways to protect its trillions of dollars in foreign assets from US-led sanctions similar to those imposed on Russia.

Chinese regulators held an emergency meeting with domestic and foreign banks last month to discuss protecting trillions of dollars in overseas assets from US-led sanctions similar to those imposed on Russia, according to a report.
The Financial Times reports the April 22
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representatives from China’s central bank and finance ministry, and executives from all large banks operating in China, was called because Chinese officials are worried similar action could be taken against Beijing in the event of a regional military conflict.

While the officials and attendees did not mention specific scenarios, according to the report, the most likely trigger for international sanctions is thought to be a Chinese invasion of Taiwan.

The Chinese Communist Party considers the democratic island nation of 24 million as part of China, and President Xi Jinping staked
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on “reunification” of the last surviving bastion of the 1949 civil war.

“If China attacks Taiwan, decoupling of the Chinese and western economies will be far more severe than [decoupling with] Russia because China’s economic footprint touches every part of the world,” one of the people briefed on the meeting told the Financial Times.

Following Vladimir Putin’s invasion of Ukraine on February 24, Western countries led by the US imposed sweeping
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on Moscow, including cutting it off from the Swift interbank messaging network and seizing $US300 billion of Russia’s foreign currency reserves.

According to the Financial Times report, senior Chinese regulators asked bankers at the meeting what could be done to protect China’s overseas assets, especially its $US3.2 trillion in foreign reserves.

China holds more than $US1 trillion in US Treasury bonds and owns huge amounts of real estate, including major New York office buildings and hotels.

“No one on site could think of a good solution to the problem,” another person briefed on the meeting told the newspaper. “China’s banking system isn’t prepared for a freeze of its dollar assets or exclusion from the Swift messaging system as the US has done to Russia.”

Others at the meeting reportedly questioned whether the US could afford to cut economic ties with China, given its vast dollar-denominated holdings and close trade relationship between the two countries.

Michael Pettis, finance professor at Peking University, said the fact that the attendees were not able to come up with a solution “shows the extent to which China is locked into a structural problem”.

“As long as China runs large trade surpluses, it has no choice but to acquire foreign assets in exchange for the surpluses, and as long as it is incapable of rebalancing domestic demand, it has no choice but to run large trade surpluses,” he wrote
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.

Prof Pettis noted it was interesting that, according to the report, when Chinese officials at the meeting were asked whether they could diversify into more yen or euro-backed assets, they replied that the idea was not practical.

“They are right. It isn’t practical because if China stops acquiring American assets and instead acquires Japanese or European assets, the resulting capital inflows into those countries would cause the huge American trade deficit to shift to those countries,” he said.

“Unlike the US, Japan and Europe are unable and unwilling to run the huge deficits that correspond to China’s surpluses. It is mainly the US (and the anglophone economies) that are willing to run the huge deficits that allow other rich countries and/or commodity exporters to run surpluses. This means that the US provides the mechanism which allows other countries to repress domestic demand.”


In order to keep this situation going, “the US must run permanent trade deficits and accept the unemployment or (more likely) soaring debt and asset bubbles that balance these deficits”.

“Europe and Japan, rightly, refuse to play this role. The US, weirdly, embraces it,” he said.

“Put another way, if the US stops countries like China, Germany, and Russia from recycling their export surpluses by acquiring American assets, these countries would have to choose between either exporting less or importing more American products.”

Mike Shedlock from SitkaPacific Capital Management said US President Joe Biden had sent an “unmistakeable message to China, Saudi Arabia, Russia, well actually everyone” that “we can make your fiat reserves worthless overnight”, to buy gold, base metals and “hoard things you have everyone needs”.

“But guess what happens if everyone starts hoarding things that others need?”
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.

“There is no practical measure China can take, but it can chip around the edges. It’s a complicated mess globally, for literally the entire world. I do not know when this explodes into a major currency crisis, but it will.”


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Petrolicious88

Senior Member
Registered Member
To those American posters who keep singing the American strategy like it's magic leaving Americans unaffected with inflation and thinks that war with China and the consequences will simply be A-OK with Americans writ-large without political, business consequences of even greater magnitude are frankly deluding themselves and worst overestimating American current power and political stability.

America goes into recession every 20 years. It’s nothing new. Fed is about increase interest rate by another 50 basis points. And likely do it again in July. The economy needs to go into correction after the last round of QE.
 
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