6/10/2024

Americans continue to fool themselves, rightly treating the hillbillies as fools

 What if one of them is tested positive? Or both tested positive? I guess they will still go ahead with the debate. They will make sure the results are not revealed or just a sanitized version. The show must go on as they say.

The poll figures of the two seem like a weather forecast. Good support for Trump today, turns bad for him tomorrow and vice versa. It is the same as the USA Treasury and the Federal Reserve playing the same game, until November is over, I would think. Then the whole house of cards will be left to collapse. The talk of interest rate cuts being on schedule and coming soon today, will be ditched tomorrow. Here again, the show must go on.

Reading the news on Channel News America we are told that job creation in the USA in May was astronomical. But in the same sentence, unemployment rate change little, and even inching up from 3.9% in April, to 4% in May. How is that possible? More jobs created means lower unemployment, according to my simple mind, right? I am confused. But once again, the show must go on.

This quote by Abraham Lincoln - You can fool all the people some of the time, some of the people all the time, but you cannot fool all the people all the time.

Anonymous

1 comment:

Anonymous said...

USA is losing the Chips War as well, as China is reported to have found initial success in 'photonic chip' innovation, said to use light instead of electrons. I do not have the technical know-how about how it works, but nevertheless it is a game changing innovation that is going to kill the Chips Alliance.

The hundreds of billions that TSMC, Samsung, SK Hynix and USA chipmakers, like Intel, had poured into Arizona to create a chips hub monopoly in the USA is going to be all wasted investments, once China mastered the technique and starts mass producing these chips, said to be withing the next three years.

These photonic chips are said to be very much faster than silicon-based chips made with Lithography Machines. And it is a technology solely beyond the control of the USA. ASML will likely sink into the sewers together with all those chip makers now congregating in Arizona and opening big factories. Putting all the eggs in one basket is highly risky stuff.

But rest assured, Biden will continue to subsidize them until eternity. The question is how long can he be around, and will Trump pull the rug under those foreign chip makers? Remember that Trump wanted to make USA even greater again, not its allies. Nevertheless, all that is needed is for the printing machines to work overtime and the only cost is paper and ink. The problem is selling to who?

The chips sanction against China is backfiring really badly against the USA, Japan and South Korea chip makers. Huawei and SMIC are inventing new ways to make chips, coming out repeatedly with impossible innovations that the West had predicted can only be achieved 5 to 10 years down the road. China came up with 7 nm chips within less than a year, with 5 nm and 3 nm chips following that in about six months later. The rate of progress is un-nerving for the USA and its Chip Alliance members. It is not only raining but pouring on their parade.

Soon, they will come up with another war cry about China's overcapacity in chip production and is a threat to the rest of the chip makers of the world. Who instigated that to happen? The USA should have left the semiconductor manufacturing sector alone and still continue with their dominance and keeping the status quo of a win-win situation. But it chooses to use chip sanctions to destroy China. It is no use for the USA to cry over spilt milk now.