What Western myths are also crumbling? The mantra that
investing in assets in the USA is the safest bet is crumbling. The
mantra that USA treasuries are the safest investment channel on earth is
another myth that is crumbling. The mantra that building manufacturing
facilities in the USA is the best bet is also crumbling. The gloating
and salivation that sanctioning Russia will turn the Ruble into rubble
and that Russia will collapse has already crumbled.
Investing in
USA or the West and having assets in USA and Western banks is no longer
safe. In fact, it is the riskiest place today as Russia found out, and
which the world became acutely aware of. They are asking, who is next?
The world should thank Russia for showing them what the USA and the West
really are, warts and all.
Today the USA may consider a country
as friendly, tomorrow is a different matter altogether. At their whims
and facies, assets and reserves could be confiscated. They are going
around using this threat against every country that crossed swords with
them. India is reported to be extracting its gold from London. India,
always viewed as a friendly country by the USA and Europe, is not
feeling that safe anymore either, keeping its gold reserves in London,
even with an India PM watching over them, LOL. It is absolutely
mindboggling that countries had deemed it safest to put their gold in
the hands of thieves who lie, cheat and steal. Stupidity has no cure
indeed!
Countries are also getting nervous about buying more USA
treasuries that are basically becoming a hot potato and realistically
unsafe. Only the UK, the partner in crime, of the USA is now buying and
has become the second biggest holder of USA treasuries today. The UK
knows that their holdings can never be seized, right? Birds of a feather
must trust each other. Hope the 'iron-clad' chain holding them together
does not rust, LOL.
Many countries attempting to invest in the
USA had also been taken to the cleaners, not just Chinese companies. A
Chilean investment that Trump allowed to open up a mining venture, a
nickel-copper mine, was sabotaged by Biden, resulting in massive losses
to the Chilean investor. A Chinese battery manufacturer, CATL, was
stopped from opening a battery facility in the USA to supply batteries
for EV manufacturers in the USA. Fortunately, CATL had not yet put in
funds to start building that facility and suffered no loss. But it shows
that even if Biden approves, Trump may not agree if he should take the
White House. USA policies are fragile and changeable like the weather,
which is why the EU is very nervous of a Trump victory in November.
The
USA had already threatened to seize China's Treasury holdings during
the COVID19 outbreak. Now some moron in the USA is revisiting this move
of seizing China's assets in the face of the geopolitical face-off
regarding Russia. Any move in this direction will really trigger the
dumping of USA Treasuries and other assets like a 'fire sale'.
Anonymous
1 comment:
Biden is crumbling day by day. His mental capacity is going to the dogs. He is not in a position even to control his bodily functions as many have noticed at the D-Day commemoration ceremony just recently. Many are saying that he either was pooing or peeing in his pants, to the horror of his wife standing next to him. He was probably already wearing adult pampers.
Sitting among the audience listening to speeches made by others, Biden was caught multiple times dozing off. Despite all these signs, he still claimed that he is fit, mentally sound and healthy. Only the Democrats and their supporters believe in all this lying. And this is the leader that is going to lead the USA?
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