And what LKY said then is still valid today if you see the clowns in Washington destroying the American Empire with their amateurish and stupid ways of coercing the world. And to think that they even destroyed the golden goose that laid the golden eggs, ie weaponising the dollar and robbing people and country's money deposited in American banks.
They destroyed everything in the American dollar as a reserve currency and their financial system. No one is going to trust the Americans anymore.
Can the Americans be trusted? If you look at Channel News America churning out daily attacks on China, you know very well that the Americans are behind it.
10 comments:
In cna report the disputed island on the map is shown with Japanese name instead of Chinese name. It means the island belongs to Japan according the channel news america
People on this blog knows CNA is Channel News America. Please remember that. CNA has to tow the line, swallow the hook, and go down with the sinker, like it or not.
Wonder what the Chinese think about Red Dot during the meeting in Beijing? Can we really trust you? Having two feet striding two different boats is not without danger. You are bound to lose your footing both ways.
What CNA? Very very long didn't see already. Is it still here?
CNA is a comedy channel. LOL
We have several kids channel also, sharing a little of its time slot set aside for some adult brainwashing. But don't be mistaken, because I do not watch Mediacoprse Channels, but sometimes happen to glance at what my grandchildren were watching. And even they prefer programmes for kids on Youtube.
The yanks in the deep state manhandling America can trust the bugger lording over little Red Dot. He has low EQ, low common sense, zero wisdom. Hence easy for the yanks to pull his strings knowing they have a moron who wilfully disrespects his own father and targets his siblings.
Btw only a fool will put one foot inside each of 2 boats that have made clear their dipute to intended journey. It gets alot worse when this same fool thinks it is ok for ComedyNewsAmerica to disparage one boat and still hope to keep his balance.
- Hopefully the Chinese boat is actually pretending to trust this fool.
Never go to the USA for medical treatment. When they anasthesised you, they stripped you naked and can do anything they want with you, and take photos of you.
And if you put your savings in the US, they can confiscate them as and when they liked.
You can be blackmailed, and using your money to threaten you to do their bidding. Think Marcos Jr is in such a situation.
The reason why the USA lacked depth, wisdom and finese is that they think all it needs is military might to control the world. Does having almost 750 military bases worldwide not give a clue?
But that military advantage depends on the US$ hegemony. It will end with the end of the US$ hegemony. This is its Achilles Heel that China, Russia and BRICS in total are targeting.
The irony is that when Russia and China rose to compete with it using the same tactic, they became hysterical, knowing they finally do not have all the say and all the way.
But they already lost their touch in depth of thinking, wisdom in analysing global trends, and had little finese left to deal with others diplomatically. All the rely on is the military and their only narrative is confrontation when they cannot compete. Everything in their playbook is used over and over again.
So, others learn, in case they too face sanctions one day. And countries under sanctions also are learning and are succeeding in overcoming the odds. Difficult it may be, but with plenty of planning and building up of good relations and alliances goes a long way to defeating those sanctions.
So far, no country being sanctioned have collapsed. Cuba and North Korea had been sanctioned for more than half a century and have yet to collapse. Iran, Venzuela and Myanmar did not succumb to sanctions. And Russia is showing the world how it did not end up in rubble, in spite of almost 14,000 sanctions, by refusing to obey the dictates of the USA and the EU. Russia might even survive much longer than Nato's existence that is now under threat.
Countries not using US dollars, said US
crowns are against the rights of US people??
The day when the USD collapse will be a day to celebrate. USD is on its way to the rubbish bin. BRICS with the pending Mexico membership will be trading in their own currencies will hasten the demise of the USD. I look forward to that glorious day.
US economists still trying to fool retailers:
"Dr. Doom" Nouriel Roubini Warns Of Stagflationary Megathreat
'Roubini addresses the deeper problem in part when he notes the exposure of banks like SVB to bonds with declining value caused by rising rates.
What he misses is the issue of ESG related programs and lending that made up a sizable portion of SVB's portfolio. It was a vast array of climate change investments as well as woke equity and diversity projects and far-left tech businesses that were all losing money and sinking the mid-tier bank into the red as the easy money from the Federal Reserve ran out.
While some economists have fumbled right back into their old habits and have declared the recent banking crisis "over," the reality is that banks like SVB and Credit Suisse are only the smoke before the fire. How many more banks have similar exposure not only to a stagnating bond market but also a host of ESG related investments that are ready to explode?
Central bankers engineered a systemic addiction to easy credit while delaying the pain from the 2008 derivatives crash. In the process, they fomented the very inflationary/stagflationary disaster we are facing today. There is no such thing as free money; someone somewhere will eventually have to pay the price.
This means that central banks have two choices - Hike rates or keep them higher, strangle liquidity and watch as various banks and companies drop like flies. Or, return to near-zero rates and let the inflation avalanche unfold. So far it would seem that the bankers are choosing to keep rates high and Roubini notes that they may very well be forced to continue forward with QT as labor market issues push wages higher.
In either case the only possible outcome is a hard landing. The fantasy of a soft landing sold by many in the corporate media for the past year is being abandoned.
Link to article:
https://www.zerohedge.com/economics/dr-doom-nouriel-roubini-warns-stagflationary-megathreat
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