'If it is a Boeing, I am not going'...Boeing aircraft is disease

A Boeing 777-200 plane just suffered an engine failure, with sparks and smoking, during take-off at Dulles International Airport. Fortunately, it was able to land safely, otherwise it will suffer the same fate as Air India flight 171, another highly touted Boeing 787-8 Dreamliner. Those on board must be peeing in their pants. There are now people who declare that 'if it is a Boeing, I am not going'. Such fans are growing day by day as more mishaps are happening with Boeing planes.

Boeing is in self-destruct mode, a slow demolition of its own making. Confidence in its planes are getting devastated, just like the US$ hegemony. Outside of own self buying the debts of own self through massive money printing, raiding the reserves of retirement funds and other funds by forcing them to buy Treasuries, and getting support from the Anglo-Saxon White countries to save the US$ using all hands to the pump, most other foreign countries have been trying to extricate themselves instead. Even China and Japan are cutting their exposure, but they are not dumping, as that will decimate their other remaining values. Countries are caught in a trap investing in USA Treasuries, using their trade surpluses and finding difficulty to extricate themselves without suffering massive losses. This is one reason why it is consequential for China to dump all USA assets, that it would really love to. But a slow extrication is on the cards, and the USA debt crisis is suffering a huge support problem.

Most Central Banks are accumulating gold and silver as an alternative rather than buying USA Treasuries with their US$ from products they sold to the USA. China is recycling or has recycled its massive US$ reserves, held through trade surpluses, by investing them into the BRI projects, building ports, airports, transportation logistics and providing loans for poorer countries to progress.

Such is the paranoia of the USA and the West that they demonized those loans as debt traps. Not so when the IMF gives loans to countries like Argentina, trapping the country into a debt trap for decades.


Anonymous