The USA debt just reached US$38 trillion, good or bad is up to you to make use of your judgement. The USA shutdown is going to break all records for the longest streak ever and I also leave that to your judgement whether that is good or bad. The USA stock market is at record high, despite the abovementioned two events and I cannot understand the logic, so I leave that to you to un-wrangle the mystery. My suspicion is that there is so much money printing to prop up the market to give the semblance of confidence, or there must be a massive volume of money transfers between companies, cross investing in each other just to fuel the record-breaking event. More to come, I am sure.
To add further good news, the USA now has so much rare earth within a year, after an alliance with Australia, that Trump does not know what to do with it. Some countries already have massive amounts of rare earth underground and also do not know what to do with it, so do not misjudge Trump. Just digging up the rare earth from the ground means nothing, only just as good as digging up dirt. What to do with the dirt is another problem. China controls 90% of the processing facilities, so I leave the good news from the USA/Australia rare earth alliance to you to digest. Maybe they can come up with the processing facilities within a year under Trump's guiding hand.
Oh, in case I forget the other 'good' news about the soya bean harvest that is so good that makes USA farmers cry. Never mind, Trump is coming up with a big, beautiful, productive, wonderful, mind-boggling and unheard-of subsidy for the farmers. See, good news is everywhere in the USA. The rest of the world must be overwhelmed and wishing they had Trump as their leader.
Anonymous
2 comments:
Trump have overcapacity of money, soya bean and rare earth, what a great leader..hahaha
Nvidia is now a US$5 trillion company. That is mind boggling, knowing that just a chip maker's worth can be bigger than the GDP of Germany, Japan and India. In Global GDP ranking it will be the third biggest economy in the world. Believe it or not?
India, with 1.4 billion population working their guts out cannot even compare its GDP to a chip maker. Germany and Japan, the kingpins of manufacturing in the world, even despite their problems, also have a GDP that cannot compare to a chipmaker. Soon, Nvidia will overtake China as the second biggest economy in the world and fighting against the USA for world No. 1, LOL.
The USA Government itself is investing in all the technology giants and slowly gaining control of them. Money printing is helping their shares to shoot to the moon, on top of all the money shuffling between those companies. It is just like the Japanese 'Keiretsu' system of intercompany investments, that is now the cause of all the woes in the Japanese economy.
Richard Wolff, the economist said that he was afraid of what was going to happen months ago and now is saying that he is terrified of what is expected to happen. Trump will call it a hoax anyway.
Let us just watch how that big, beautiful balloon is being blown and how it is going to burst.
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