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HereToSeePics

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If inflation in the US is running at 8%, and interest rates on the US Treasury bond is paying a rate of 3%, then in one year, the one%ers will still lose 5%.

Yet, that currency, the USD, is going up.

Why?

The answer is a bit nuanced, there are many factors that go into this response.

1. The wealthy don't really think in terms of if inflation is x and rates are y, then I'm losing x-y. Of course no one wants to lose money, but the value lost is relative. Losing 5% is still better than losing 60% on crypto, 10% on gold, 11% on the S&P500, etc. Generally speaking, as long as investors lose less than everything else, they are ok with that (in the investing word, that's "Outperform")

Which brings us to:

2. The wealthy (which includes nations like China's massive USD holdings), don't really have a great place to stash their billions and trillions that's "safe" (except in the unprecedented case of Russia), and with US Treasuries paying higher interest rates, the more likely people will buy US Treasury bonds and increase the strength of the dollar.

3. Lastly - inflation is a localized and monetary specific measurement. The 8% inflation in the United States right now only applies to a entity or consumer living in the United States and spends US Dollars. So if a person's whose wealth is entirely in USD, but lives in China where inflation is relatively low(1.5%), US inflation doesn't impact that person at all - that person's dollar buying power won't change unless the USD loses values relative to CYN.

But Japan and South Korea? That is where any explanations gets kind of fuzzy I feel. My impression is that they are not dealing with too much inflation. Unlike those other countries, hehe.

Inflation is hitting South Korea(14 year highs) and Japan too(8 year highs):

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But raising rates is both art and science - central bankers have to balance inflation with handicapping their economy. And even though inflation is rising in Japan and Korea, it has to be put into relative perspective where their central bankers haven't deemed it necessary to sharply increase rates at the same level as the US FED.
 

Jiang ZeminFanboy

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Zrzut-ekranu-830.png
 

Overbom

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Anyone remember this? Just a few months ago.



Simply adds more importances on Huawei and their HarmonyOS and why the US is so desperately trying to kill the company once and for all.
shows "validator" is a small embedded Trojan that can be deployed remotely or manually on any Windows operating system, from Windows 98 to Windows Server 2003.
Sorry, but anyone who still runs Windows 98 and Windows Server 2003 deserves to be hacked

I know old dinosaurs who are using more modern systems than this one... IMO the issue is that they are using extremely old Windows versions.
The cyber security regulators should force everyone to biannually update their systems

And even with using domestic OS, the problem of using old versions still remain. Imagine using a 25 years old unpatched OS and then acting surprised that you got hacked lol
 

BlackWindMnt

Captain
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Sorry, but anyone who still runs Windows 98 and Windows Server 2003 deserves to be hacked

I know old dinosaurs who are using more modern systems than this one... IMO the issue is that they are using extremely old Windows versions.
The cyber security regulators should force everyone to biannually update their systems

And even with using domestic OS, the problem of using old versions still remain. Imagine using a 25 years old unpatched OS and then acting surprised that you got hacked lol
Ooh this is more common than people would like to admit.
Been to enough companies to know they are running really old machines no one dares to touch because a 25 year old core business service runs on those machines.

The panic around the old SMB file transfer protocol being vulnerable like 5 years ago was a real wakeup call for me how many unpatched system are actually out there in the wild.
 

ansy1968

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G7 calls on China to press Russia to end war against Ukraine​

G7 leaders have called on China to put pressure on Russia to end its war against Ukraine and immediately withdraw its troops from Ukrainian territory.

That's according to a
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issued by the heads of state and government of the Group of Seven (G7) countries after the summit in Elmau (Germany) on June 26-28.

"As Russia is waging its unjustifiable, unprovoked and illegal war against Ukraine, we call on China to press Russia to immediately comply with the legally binding order of the International Court of Justice of 16 March 2022 and to abide by the relevant resolutions of the UN General Assembly and stop its military aggression – and immediately and unconditionally withdraw its troops from Ukraine," the communique said.

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Why did the Collective West hate China so much.

The Reason

They want China to accept and adopt Western Values and Vision.

Instead

China create its own Vision with Chinese characteristic (BRI)

Now

The Collective West was "forced" to adopt the Chinese Vision BUT with Western Characteristic (B3W)

So who's copying who ,there goes the Western narrative...lol
 

solarz

Brigadier
German is creating largest army in Europe. This will be most important Geopolitical event in the century if they create it. will create alot of demand for energy and manpower. which they already need it.
The impact on Middleast alone will raise long term energy cost for Asia. inviting Iran to BRICS seem mitigating it.

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Counting eggs before they hatch.
 
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