The real dirtiness in the word 'overcapacity' should be literally applied to the overcapacity in money printing and military spending of the USA. In a literal sense, the rampant corruption evident in these two overhyped entities, the Fed/US Treasury and Pentagon is well defined.
Printing money in the trillions from thin air, without backing, is as bad as counterfeiting if done by anyone else. And let us not talk about the massive corruption inside the Pentagon, where contractors ripped them off like fools. Perhaps not just ripping them off but leveraging on the whole corrupt hierarchy allowing such corruption to fester.
The game is going to be over soon. As the debt spirals with another couple of trillions added, the interest payments alone will collapse the house of cards. USA leaders keep insisting that the USA can never default and its debts can go up forever without collapsing. Wonder who is going to lend them more money to prop up the house of cards. The UK?
Anonymous
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Trump is desperately looking for a truce between Russia and Ukraine. It all boils down to the unsaid weapons shortage on the Ukrainian side. At the same time, Trump is also desperate to call a truce between Israel and Hamas, also related to weapons shortage. Rogue state Israel will never settle for a truce when it has the upper hand. Not with Iran. Read between the lines and you will see the true picture emerging. But, as in the past with Hezbollah, any truce is a one-sided affair with Israel given the liberty to still attack Gaza as it likes. What kind of a hogwash is that?
Lessons must be learnt, not forgotten. I think Putin is not that easy to con by being lured into a truce with Zelenskyy, despite being pushed by Macron to take up the offer. Years of being misled into signing agreements with Ukraine that have never been honored by the other side, with countries like the UK playing the devil's advocate by sowing seeds of doubt when it looks positive. The UK and NATO does not want the war in Ukraine to stop. They only want a truce to rearm, regroup and allow them time to restock their weapons supply. Putin wants a lasting end to the war, not a stop gap for future escalation.
The problem for the USA, Israel and Ukraine though is the shortage of rare earth elements for making weapons. QUAD is talking about building up a rare earth procurement chain to counter China's iron grip. Australia and India have rich rare earth deposits but are they in a position to leverage on that? If feasible, the USA and India would have already set up base to mine and process the ores. But then, as we all know, the USA does not look further than its nose when tailoring policies, unlike China. Australia already needed to set up refining ventures overseas, for example in Malaysia, exporting its pollution. Good luck to Malaysians having to live with pollution of rivers and radiation issues.
Can we see them succeeding, perhaps ten or twenty years down the road? What are they going to do in the meantime when desperation sets in? Setting up the procurement chain is easier said than done. There is the investment needed to open up mines. There is the investment needed to set up the processing logistics. And most of all there is going to be pushback against environmental issues, which will take time to resolve. China is not going to do the processing for them and that is a certainty. Again, good luck to their big, beautiful and mega dream that will be difficult to fulfil.
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