Which system runs best can be seen with China, Russia and Vietnam rising and showing the world that communism is not loosing the race. And what the world sees in the USA democratic system falling apart is a lesson they must learn to differentiate wisely. The Africans clearly have already probably seen it, warts and all. And the rise of China, Russia and Vietnam was ongoing despite all the propaganda unleashed against the communist system. Nevertheless, the West is now actively trying to stifle Vietnam, as its rise mirrors China.
Both, USA and Japan, or master and slave, are so deep in debts today, that there is no way of changing their course heading towards disaster, except the thought that only war can do it. Japan, tried all kinds of tweeking and stimulation, but still remained bogged down in stagnation over the last twenty years or more. Even Abenmonics, the highly touted game changing move that they shouted about so loudly just years ago, failed miserably. Just forget about the Kishidomics hot air being able to succeed. Even Confrontomics against China is not going to save them. It could even sink them for good.
And the USA, with US$31 trillion in debt, having to perform the usual soap opera of raising of their debt ceiling every now and then, and with US$ quadrillions of derivatives swimming in the books of the big banks, with all the money generated therefrom mostly invested and propping up Wall Street, new property launches galore that only the super rich can afford to buy, to rent out at exhorbitant rentals beyond the reach of the ordinary workers, supporting the Pentagon with ever more funding, fighting wars on more fronts, supporting their almost a thousand military bases worldwide, maintaining their military logistics and their military personnel as well.
But one thing misses the eye of most onlookers outside and seldom highlighted on MSM - the crumbling infrastructures, homelessness and drug addictions, which were seldom or never discussed or debated inn Congress, except on social media. The world is still fed the propaganda that the USA is still the richest country in the world, the land of plenty, gold paving the streets. Look deeper and they will see the oncoming runaway train approaching.
Anonymous
India's financial armageddon has started.
ReplyDeleteIndian billionaire Gautam Adani speaking at a conference in Singapore in September last year claimed that China "will feel increasingly isolated" and would find "it hard to bounce back from a period of economic weakness."
Today, the Chinese have the last laugh as the Indian tycoon's net worth is hugely eroded by the Hindenburg Research's report which insinuated Adani of “pulling the largest con in corporate history” and raises questions about the trustworthiness of the broader Indian financial markets.
It also raises anxiety among Singaporeans about the residual value of India-loving Singapore sovereign wealth funds' investments in the Indian markets.
The USA is asking partners or doggies to support USA's economic plan. Believe me, that plan is all about supporting USA's interest, nothing beyond that, and the most important objective of which is helping to keep the US$ hegemony alive.
ReplyDeleteThe USA knows the US$ days are numbered, not immediately apparent yet, but the tsunami will come, either when the Arab states officially starts accepting other currencies in the oil trade. Or when BRICS gets it right in having a new global reserve currency and a new settlement system in place, as a viable alternative to the US$ and the SWIFT system.
It may take time, like China waiting thirty years to rise to what it is today. China did not just rise up yesterday, did it? And I believe the USA was so confident that China could never rise in the face of all those hurdles like poverty, backwardness on the surface and discontentment abounding due to poverty. Now, with China rising too fast, they are nervous and panicky, desperate and incoherent in their countering.
Never mind that the BRICS new system does not totally replace the US$, but that will give countries the impetus to hold less US$ to do the oil trade in particular. Now, is that going to mean anything? Oh yes, countries will sell off most of their Treasuries and hold less of the toxic asset. You never know when the USA clowns will change their minds about repaying. The world has seen robbery, piracy and other acts being commited right in front of their eyes - in Venzuela, Afghanistan and Russia by the Mafias.
They have not done it yet against any Treasury holders, but that does not mean it will not happen. If they should do it by just seizing just one country's Treasury holdings, that will cause the collapse of the whole house of cards. This is why they have not done it yet, but the signs are there during the onset of the COVID19 pandemic, with China being openly identified as a target country with Treasuries of more than a trillion to be seized, as advocated by hardliners in Washington.
Should China be worried. They should.
Does anyone know what is happening with the progress resulting from the ruling of DBS India having to undertake the liability of the failing Lakshmi Vilas Bank? Seems so eerily quiet. Case settled?
ReplyDeleteThe crash of India stocks on Friday was followed by the crash of two Indian Air Force fighter jets, a Sukhoi-30 and a Mirage-2000, this morning near Morena in Madhya Pradesh.
ReplyDeletePolice found the hand of the Mirage pilot near the plane.