Biden told reporters in Hiroshima, Japan, at the conclusion of a meeting of world leaders that F-16 warplanes could be used "wherever Russian troops are within Ukraine and the area". CNA
The good news coming out of the G7 Meeting in Hiroshima, one of two cities that deservingly were destroyed by two atomic bombs from the white men, is as appropriate and fitting as could be. Every one of the G7 states were warmongers, invaders and colonial masters of the world. All of them prospered from the loots and destruction and genocides of countries of the world.
The Japanese did not learn the painful lessons of wars and being invaders of countries. They are still dreaming and rearming to become their Imperial military past, an aggressive military power. The loser of WW2 still harbouring to return to their aggressive past, to want to have wars, to invade countries.
As for the white men, wars and killings are second nature to them. They were the victors of WW2, now laughing and dining in the city they bombed to the Stone Age, and the victims of their horrific weapon of mass destruction are laughing together with them, forgetting the hundreds of thousands of Japanese that died in the hands of the white men. And they are celebrating and conspiring to start another world war, using China as their bogey man.
But before China, Ukraine would be their masterpiece, to keep escalating to want to defeat and destroy Russia, to seize the land of Russia, like they seized the continent of North America. Japan wanted to do that in WW2, to seize the whole of Asia and South East Asia, including Australia and the Pacific Islands.
What can be a more appropriate agenda for the warmongering states of the G7? Their only hope to continue to be rich and prosperous, is to control the rest of the world through wars and destruction. They have run out of ideas and competitiveness, no more free land, free labour and free resources to loot and plunder. The countries of the world would not be invaded and raided by these former colonial masters.
They can have all the wars they want, in Ukraine, in Europe. The rest of the world would not be involved with their madness and killings. Let them escalate the war in Ukraine and destroy themselves.
Good riddance to bad rubbish.
PS. The F16s are already old aircraft, 3G, unable to match the 4G aircraft of the Russians or Chinese. That is why the Americans are selling a few to Taiwan to con the Taiwanese that they have new aircraft. No advanced aircraft would be sent to Ukraine or Taiwan to be shot down and its tech exposed to the Russians or Chinese, and losing the pilots.
Why did the Old Goat Biden say that the F16s cannot be used in Russian territory? Very clearly the F16s are no match go the Russian fighters. They are very old aircrafts and should have been written off.
ReplyDeleteThe question is: Why don't the US gave them more up-to-date aircrafts?
Hi Anon.9.15
ReplyDeleteIMHO, the UAssA is too afraid to have a Real War with Russia.
As Usual, they pushed their lackeys to fight and stand aside as if they were to be in the Ring, they be bruised and whacked blue and black and even forgot their Damn Bidamn names and also their cannnot recognize their own Fathers and Mothers.
They knew that if the Planes were to attack and bomb Russia, then it would be a Declaration of War against Russia as planes supplied by the Asses.
So the daft Urukians are fighting the Russians with one hand tiee behind their backs and one leg lifted limping and jumping against the Russians.
What's Stupidity.
Russia just whacked and bombee your country to ashes and you cannot touch Russia for fears that Putin would fight against their damn allies and supporters.
NATO and UAssA are just too fearful of Putin's wrath.
Also likewise, they feared the Unfathomable Kim.
Cheers
Pentagon knows they are not equipt, nor have the manpower, ammunition, or training for a big war with Russia. Since 9-11, the collective west has been fighting insurgencies, small wars against men armed with only AK47. The doctrine has turned away from conventional war to insurgency war.
ReplyDeletePlus they have not taken seriously the new ballistic & hypersonic missiles from Russia & China. They have zero counter measure for it. The continental USA is no longer safe. Those 2 big oceans surrounding USA no longer isolate & protects USA. They are now vulnerable.
USA needs to get rid of old and obsolete weapons and what better opportunity than unloading them to Ukraine. These are to be paid for by Ukraine, one way or another.
ReplyDeleteBy the time the war ends, Ukraine will be under a debt trap and under USA control, via IMF or World Bank, - lock, stock and barrel.
This is a win win situation for Biden, Senators in Congress and Zelenskyy. We never will find out what Sam Bankman Fried was laundering in Ukraine, but certainly some people have interest in making sure more and more money gets approval in Congress to fund the war. And that is why they do not want the war to end. It is so lucrative, for those in Washington and Ukraine.
War - NATO Beaten By "A Restaurant Owner & A Bunch Of Convicts"?
ReplyDelete'In Bakhmut/Artyomovsk, all of NATO, all 31 member nations, were defeated by a restaurant owner and a bunch of convicts, is how I saw someone describe it. That of course caricatures the situation somewhat (Wagner is well-organized), but it’s not that far off. And that spells a serious problem for NATO.
All of those 31 members may have lots of control over their media, but in the end you can’t endlessly deny being defeated.'
US/NATO, the “collective west”, the hegemon, has lost. And has missed the moment when that occurred. Because hegemon equals hubris. Look at what they’ve all still been saying, and you notice they can’t see, and can’t acknowledge, that -and how- the world has changed.
It’s not only about weaponry, though that plays a major role: the hegemon can no longer make its demands based on military might. It’s been surpassed.
Nor can it make demands based on the dollar’s reserve currency status, and it caused that itself. Weaponization of the currency has backfired to the extent that de-dollarization has become a process that can no longer be halted.
The moment that Saudi prince MbS turned his back on “Joe Biden” is a milestone. Because once he did that, it was obvious many would follow. In central Asia, if you are Kazachstan or Uzbekistan, why on earth would you opt to go with G7/US/NATO instead of BRICS? Why go with the power that is waning, and not the one in ascendancy? Russia is your biggest neighbor, strongly connected to China which is building its BRI network in your region, and the nearby Arab states are about to join that network. Why would you link yourself to the G7? When you know all your neighbors do not?
Don’t be surprised if “Joe Biden” sends US boots on the ground anyway. No hegemon has ever given up power lightly.
Link to article:
https://www.zerohedge.com/geopolitical/war-nato-beaten-restaurant-owner-bunch-convicts
PS: When you're in a hole, stop digging in order to make it deeper. Time to call it a day and go home!
Japan's Kishida is 'insinuating' that Japan may, in time to come, join Nato, when he said Japan will not join Nato. These lying hypocrites will say one thing and do the opposite.
ReplyDeleteRead between the lines and you will know what he is actually saying. Japan is not joining Nato, but Japan is allowing Nato to have a foothold in Japan for what purpose? Have a taste of radioactive seafood and worship at the Yasukuni Shrine? These donkeys thinks they can fool the world with their lying CB mouths.
I am inclined to think the yanks and their fellow anglo saxon scums are digging their hole deeper since the dumbasses from Japan, SKorea, Philippines and Red dot are joining in as well.
ReplyDeleteUSA are jealous of Russia taking over about 1/5 of Ukraine territory, land areas more than 5 times of Taiwan. The value of the lands conquered are thousand of times more valuable than whatever Russia loss in the sanctions. USA need to better and match Russia to show to justify to her people. Soft targets which can be shallowed easily would be chosen. Canada must beware. You are fat and soft and also nearby.
ReplyDeleteMore than 30 countries want to join the BRICS, whither Singapore ?
ReplyDeleteSouth Africa’s representative to BRICS Ambassador Anil Sooklal has hinted that the grouping is set to grow bigger this year with more than 30 countries having formally and informally applied to join the alliance.
The latest report indicates that the countries ready to join the BRICS alliance are Afghanistan, Algeria, Argentina, Bahrain, Bangladesh, Belarus, Egypt, Indonesia, Iran, Kazakhstan, Mexico, Nicaragua, Nigeria, Pakistan, Saudi Arabia, Senegal, Sudan, Syria, the United Arab Emirates, Thailand, Tunisia, Turkey, Uruguay, Venezuela, and Zimbabwe.
The development will come as a blow to the United States of America and other Western nations, which will see their GDPs dwindle to that of the BRICS.
Singapore has so far not indicated any intention to join BRICS.
Consequence of unwisely falling behind the US to sanction Russia:
ReplyDeleteSingapore Airlines (SIA) has closed its office in Moscow, the “effective closure date” of the Moscow office was May 15, more than a year after flights to Russia's capital were suspended indefinitely.
All are Global South countries. Among ASEAN, only Indonesia has applied to join while Thailand only express interest. But Thailand, with the USA proxies winning big in the just concluded election, membership can be said to be in the balance.
ReplyDeleteKnown USA vassals are unlikely to be interested, as joining means acting against the USA's interest and a threat to the US$ hegemony. What choice do they have, when it is clearly pronounced that countries are either with or against the USA.
All American crony countries have either been told or coerced not to join BRICS by the Americans.
ReplyDeleteBut some fools openly accused China of trying to influence their policies when they were coerced to do the bidding of the Americans, not a case of just trying to influence them. You are with us or against us. And they sheepishly do as coerced by the Americans and dare not breathe a word of unhappiness, pretending that they could act independently.
What it would mean for the global economy if the US defaults on its debt
ReplyDeleteWASHINGTON (AP) — If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly sink alone.
The repercussions of a first-ever default on the federal debt would quickly reverberate around the world. Orders for Chinese factories that sell electronics to the United States could dry up. Swiss investors who own U.S. Treasurys would suffer losses. Sri Lankan companies could no longer deploy dollars as an alternative to their own dodgy currency.
“No corner of the global economy will be spared” if the U.S. government defaulted and the crisis weren’t resolved quickly, said Mark Zandi, chief economist at Moody’s Analytics.
Zandi and two colleagues at Moody’s have concluded that even if the debt limit were breached for no more than week, the U.S. economy would weaken so much, so fast, as to wipe out roughly1.5 million jobs.
And if a government default were to last much longer — well into the summer — the consequences would be far more dire, Zandi and his colleagues found in their analysis: U.S. economic growth would sink, 7.8 million American jobs would vanish, borrowing rates would jump, the unemployment rate would soar from the current 3.4% to 8% and a stock-market plunge would erase $10 trillion in household wealth.
Of course, it might not come to that. The White House and House Republicans, seeking a breakthrough, concluded a round of debt-limit negotiations Sunday, with plans to resume talks Monday. The Republicans have threatened to let the government default on its debts by refusing to raise the statutory limit on what it can borrow unless President Joe Biden and the Democrats accept sharp spending cuts and other concessions.
US DEBT, LONG VIEWED AS ULTRA-SAFE
Feeding the anxiety is the fact that so much financial activity hinges on confidence that America will always pay its financial obligations. Its debt, long viewed as an ultra-safe asset, is a foundation of global commerce, built on decades of trust in the United States. A default could shatter the $24 trillion market for Treasury debt, cause financial markets to freeze up and ignite an international crisis.
“A debt default would be a cataclysmic event, with an unpredictable but probably dramatic fallout on U.S. and global financial markets,” said Eswar Prasad, professor of trade policy at Cornell University and senior fellow at the Brookings Institution.
The threat has emerged just as the world economy is contending with a panoply of threats — from surging inflation and interest rates to the ongoing repercussions of Russia’s invasion of Ukraine to the tightening grip of authoritarian regimes. On top of all that, many countries have grown skeptical of America’s outsize role in global finance.
In the past, American political leaders generally managed to step away from the brink and raise the debt limit before it was too late. Congress has raised, revised or extended the borrowing cap 78 times since 1960, most recently in 2021.
Yet the problem has worsened. Partisan divisions in Congress have widened while the debt has grown after years of rising spending and deep tax cuts. Treasury Secretary Janet Yellen has warned that the government could default as soon as June 1 if lawmakers don’t raise or suspend the ceiling.
‘SHOCKWAVES THROUGH THE SYSTEM’
“If the trustworthiness of (Treasurys) would become impaired for any reason, it would send shockwaves through the system ... and have immense consequences for global growth,” said Maurice Obstfeld, senior fellow at the Peterson Institute for International Economics and former chief economist at the International Monetary Fund.
Treasurys are widely used as collateral for loans, as a buffer against bank losses, as a haven in times of high uncertainty and as a place for central banks to park foreign exchange reserves.
Given their perceived safety, the U.S. government’s debts — Treasury bills, bonds and notes — carry a risk weighting of zero in international bank regulations. Foreign governments and private investors hold nearly $7.6 trillion of the debt — roughly 31% of the Treasurys in financial markets.
ReplyDeleteBecause the dollar’s dominance has made it the de facto global currency since World War II, it’s relatively easy for the United States to borrow and finance an ever-growing pile of government debt.
But high demand for dollars also tends to make them more valuable than other currencies, and that imposes a cost: A strong dollar makes American goods pricier relative to their foreign rivals, leaving U.S. exporters at a competitive disadvantage. That’s one reason why the United States has run trade deficits every year since 1975.
CENTRAL BANKS’ STOCKPILES OF DOLLARS
Of all the foreign exchange reserves held by the world’s central banks, U.S. dollars account for 58%. No. 2 is the euro: 20%. China’s yuan makes up under 3%, according to the IMF.
Researchers at the Federal Reserve have calculated that from 1999 to 2019, 96% of trade in the Americas was invoiced in U.S. dollars. So was 74% of trade in Asia. Elsewhere outside of Europe, where the euro dominates, dollars accounted for 79% of trade.
So reliable is America’s currency that merchants in some unstable economies demand payment in dollars, instead of their own country’s currency. Consider Sri Lanka, battered by inflation and a dizzying drop in the local currency. Earlier this year, shippers refused to release 1,000 containers of urgently needed food unless they were paid in dollars. The shipments piled up at the docks in Colombo because the importers weren’t able to obtain dollars to pay the suppliers.
“Without (dollars), we can’t do any transaction,” said Nihal Seneviratne, a spokesman for Essential Food Importers and Traders Association. “When we import, we have to use hard currency — mostly the U.S. dollars.”
Likewise, many shops and restaurants in Lebanon, where inflation has raged and the currency has plunged, are demanding payment in dollars. In 2000, Ecuador responded to an economic crisis by replacing its own currency, the sucre, with dollars — a process called “dollarization” — and has stuck with it.
THE GO-TO HAVEN FOR INVESTORS
Even when a crisis originates in the United States, the dollar is invariably the go-to haven for investors. That’s what happened in late 2008, when the collapse of the U.S. real estate market toppled hundreds of banks and financial firms, including once-mighty Lehman Brothers: The dollar’s value shot up.
“Even though we were the problem — we, the United States — there was still a flight to quality,” said Clay Lowery, who oversees research at the Institute of International Finance, a banking trade group. “The dollar is king.’’
If the United States were to pierce the debt limit without resolving the dispute and the Treasury defaulted on its payments, Zandi suggests that the dollar would once again rise, at least initially, “because of the uncertainty and the fear. Global investors just wouldn’t know where to go except to where they always go when there’s a crisis and that’s to the United States.”
But the Treasury market would likely be paralyzed. Investors might shift money instead into U.S. money market funds or the bonds of top-flight U.S. corporations. Eventually, Zandi says, growing doubts would shrink the dollar’s value and keep it down.
ReplyDeleteGOVERNMENT’S STRATEGY IF DEBT CAP IS BREACHED
In a debt-ceiling crisis, Lowery, who was an assistant Treasury secretary during the 2008 crisis, imagines that the United States would continue to make interest payments to bondholders. And it would try to pay its other obligations — to contractors and retirees, for example — in the order that those bills became due and as money became available.
For bills that were due on June 3, for example, the government might pay on June 5. A bit of relief would come around June 15. That’s when government revenue would pour in in as many taxpayers make estimated tax payments for the second quarter.
The government would likely be sued by those who weren’t getting paid — “anybody who lives off veterans’ benefits or Social Security,” Lowery said. And ratings agencies would likely downgrade U.S. debt, even if the Treasury continued to pay interest to bondholders.
The dollar, though it remains dominant globally, has lost some ground in recent years as more banks, businesses and investors have turned to the euro and, to a lesser extent, China’s yuan. Other countries tend to resent how swings in the dollar’s value can hurt their own currencies and economies.
A rising dollar can trigger crises abroad by drawing investment out of other countries and raising their cost of repaying dollar-denominated loans. The United States’ eagerness to use the dollar’s clout to impose financial sanctions against rivals and adversaries is also viewed uneasily by some other countries.
So far, though, no clear alternatives have emerged. The euro lags far behind the dollar. Even more so does China’s yuan; it’s hamstrung by Beijing’s refusal to let its currency trade freely in global markets.
But the debt ceiling drama is sure to heighten questions about the enormous financial power of the United States and the dollar.
“The global economy is in a pretty fragile place right now,” Obstfeld said. “So throwing into that mix a crisis over the creditworthiness of U.S. obligations is incredibly irresponsible.’’
Crimes of the USA under Kissinger.
ReplyDeleteHenry Kissinger, the foreign policy eminence grise who has advised half a dozen US presidents, has caused the deaths of over 3 million people, according to an Intercept report published Tuesday to mark the realpolitik strategist’s 100th birthday.
While critics of the Nixon-era secretary of state and national security adviser often describe him as a war criminal for his pivotal role in numerous US-backed genocides and coups, the report argues Kissinger's body count has been widely underestimated, particularly regarding the secretive, highly illegal expansion of the Vietnam War into Cambodia in the 1970s.
Between the genocides he sponsored in East Timor and Bangladesh, continent-wide terrorism, coups and death squads in Latin America (known as Operation Condor), the fomenting of civil wars in Southern Africa, and the carpet-bombing of Cambodia and Laos under the guise of chasing the Vietnamese, Kissinger is believed to be responsible for over 3 million civilian deaths – more if one counts the casualties that have resulted from advice he gave the private sector. RT
How come the pee-sia country..the one that can punch above it weight is not sending it F16 to help ukraine fight..thought they claim to be the best military in sea??
ReplyDeletePrediction of gloom and doom does not always come to fruition. I best remember the Y2K prediction of global chaos, of computer systems failing to function, office left without power, lifts stalled halfway between floors, traffic lights not functioning and all the fear mongering. All that ended and everyone woke up to a bright new day.
ReplyDeleteWhat the reality does not happen, the fear mongering will paralyse the country and cause insanity.
So long as the oil trade and global trade is still largely dependent on the US$, demand for US$ will still remain high. But that is not a certainty that the demand for US$ will continue to remain high going forward. Remember, the US$ was the reserve currency at a historic high of 72% in 2001, and has now fallen to 58% in a matter of 20 years. The British Pound was also the currency for 60% of global trade at the end of the 19th century, but still also falling into ignominy today. Nothing is permenant, not even life itsel.
ReplyDeleteAnd let us not forget that over the last two years especially, the use of currencies other than the US$ has escalated among countries like China, Russia, Iran, even India and the Saudis following suit, not to mention other smaller countries doing likewise. BRICS is all about de-dollarisation, and many more countries are joining. Why are they joining is not difficult to understand.
Everything in Japan appears so comfortably serene before the tsunami of March 2011, but when the tsunami came unexpectedly, coastal areas and everything were all swept away like dirt in an instant. It is only necessary for a financial tsunami likewise to take place to sweep away that 58% US$ reserves figure to a much less significant bragging right's turf.
If de-dollarisation is still moving in measured steps, it is nevertheless still doing the job of marginalising the use of the US$, and less usage means countries need to hold less of the US$ as reserves. What can still trigger a de-dollarisation tsunami is still not known, and only time will tell. But it looks onimous and likely to happen. Not if but when!