BRICS rising.......G7 falling

As someone already mentioned, BRICS, which are mostly made up of countries in the Global South, with the exception of Russia, have already a bigger GDP nominal and PPP terms compared to the G7. When Middle East countries are in the fold, expect BRICS to be even more of an economic clout compared to the G7, whose share is dropping quite noticeably.

BRICS is expected to grow further with more countries joining, particularly from the Middle East and Central America. Mexico is not a small economy that just joined BRICS. BRICS will become the biggest economic bloc in time to come. And with trade the foundation of the grouping, it will greatly benefit all member countries. Aspiring members know that this is the greatest benefit they can get from the expanding BRICS market, with just the Chinese and Indian market already so vast with potentials.

With the EU suffering de-industralisation over cheap energy unavailablity, the situation is going to get worse. Sure there are short term energy alternatives for them, but what about the long term. Buying expensive energy from the USA going forward is not sustainable. And the EU countries will be competing against the likes of China and India, both of which have access to cheap energy from Russia and can still make products much more competively. How is the EU going to compete? Only way is by moving manufacturing to China and India and hollowing out the EU's industrial base. Not a good sign for the EU going forward.

Even Little Britain, already out of the EU, is not spared. Now Scotland is very serious about leaving the UK and Little Britain had to resort to use of coercion to restrain the move. It will not succeed and will only be a matter of time before Scotland exit the UK. If Scotland ever leaves the UK, who will take control of the North Sea Oil is the question. And that is a very important issue for the UK, especially with regard to energy. Little Britain's inflation just rose to 10.4% in February.

More strikes are looming in Little Britain. Macron is hanging by his bootstrap with protest getting more widespread. Israel is also in chaos. Another shooting in the USA with 6 dead on top of the devastation of mutiple hurricanes hitting the country repeatedly. Karma is working for all the crimes committed against humanity by the Anglo Saxon Whites.

Anonymous 

America is a lying thief, stealing technology from countries outside the USA

They did that to Toshiba of Japan. They did that to Alstom of France. They did that to Huawei. Now they are doing it to TikTok.

Why? Because they could not compete with all these companies. TikTok, with 150 million followers in the USA, is competing well with the likes of Facebook, Twitter, Instagram etc. Meta is falling apart. Twitter under Elon Musk is facing trouble with his revelations about Biden and his son, and for putting Trump back into twittering mode again before 2024.

Likewise, in the chip manufacturing business, USA manufacturers are not in the forefront of high end chip innovation and manufacturing. TSMC and Samsung have overshadowed them. So, what to do? Lure them to the USA, steal their technology, kill them from competing by putting a leash over them for good.

TSMC's Morris Chang is already deeply regreting his move to Arisona and building a plant there. His fellow Taiwanese workers, seconded to the USA, are facing problems with the work attitudes of non-Taiwanese workers, who are not used to the same working environment as in Taiwan. Taiwanese are used to working long hours, but not the Whites and other non-Taiwanese, thus creating friction between them. Despite being paid double what they get in Taiwan to lure them over, some Taiwanese workers are regreting their move to Arizona. Too late to regret.

Moreover, TSMC now realises that the subsidies given by the USA Government favours the USA chip makers like Intel, Micron, Nvidia etc more than TSMC and Samsung. TSMC should have heeded the warning given by Trump earlier of his 'America First' policy and now equally applied by Biden as well. Remember, the whole USA administration, whether Republicans or Democrats are basically the right and left hand of the Deep State. Both Parties cannot vary their policies too far apart. Moreover, it is USA big oil, big pharma, big tech that provided big funding for the campaigns of USA Presidents, and they invariably control the one sitting in the White House.

Anonymous 

TikTok Chew Shou Zi versus American gangsters in Congress

Photo credit to Bloomberg

Commentary: How well did TikTok CEO Chew Shou Zi hold out against US Congress grilling?

Chew Shou Zi’s performance at a hostile congressional hearing was a missed opportunity for TikTok, says NTU’s Mark Cenite.   CNA headlines.

The above are the headlines in CNA of a critique on the performance of Chew Shou Zi in the American Congress by an armchair academic. It is so easy to make condescending comments from a distance, and not in the hot seat. The world has come to know what happened in this theatre concocted by, and with script written by the mafia of American lawmakers. The world was given a front row seat to witness the fake democracy of America where a bunch of technically ignorant and incompetent lawmakers pretending to know what they did not know and lashing out at the CEO of TikTok in a set up to literally grill him alive.

What happened in Congress on that day, for 5 hours, came out as nothing but a farce. 52 old hacks, some could be the grandpa or grandma by age to the young TikTok CEO, went about mercilessly to demolish him based on a plate of lies, disinformation, presumptions and bullying, hiding behind strength in numbers. They asked many silly questions and made many silly comments all with one purpose, TikTok was guilty of spying, if not today, would be sometime in the future, and because its parent company is from China, it must take orders from China under Chinese laws. They conveniently forgot that the USA is the biggest spy in the world and spying even on their own people and leaders of their allies, and caught red handed. It is not that TikTok had done it, they had no proof that TikTok had committed an unlawful act. It was all based on a presumption that TikTok would do it in the future. This is as good as guilty before a crime is committed, a presumption of guilt.

And Chew was not given a chance to make a decent reply or explanation. They shut him up, cut him off, did not let him speak. They only wanted to prove how clever they were in their allegations and silly questions. This is making a mockery of American democracy. It is American democrazy. It is gangsterism, with the privilege of being lawmakers, with the power behind them, abusing their power as lawmakers, to fix up their victim without giving the victim the right to defend himself. And the almost senile men and women thought they were very clever.

And armchair critics could think that Chew stood a chance, could make a case for TikTok. And he failed and it was his fault. Bull. No one stand a chance in a house of hooligans and mafias. It was modern day Inquisition. The gangsters and mafias had already decided that TikTok was guilty and inviting TikTok's CEO to Congress was to give the impression that they were fair, with the fake presumption that he was given a chance to make his case. It was all a charade.

This is the most shameful face of American hooliganism on display to the whole world. TikTok was guilty without committing any crime. The gangsters and mafias in Congress said so. They were hellbent to get rid of TikTok at all costs. Chew did not stand a chance to defend TikTok. He was set up to be the punching bag, to make silly old men and old women looked clever. There was no contest. It was not a contest, and never a missed opportunity. It was wishful thinking that the gangsters and mafias would give Chew a fair hearing, give TikTok a chance to make its case. You cannot reason with the unreasonable.

Would TikTok survive in the USA? This would now depend on the 150m American users. Would they march on the streets to save TikTok from being unfairly crucified by the gangsters and mafias in Congress? Would they let the gangsters and mafias rob TikTok from them, forbidding them the freedom to use an innocent software that is useful to them socially and in their businesses?

American freedom of choice, freedom of expression and democracy are on trial, being compromised by the gangsters and mafias that called themselves lawmakers. These gangsters and mafias in Congress are such a contemptuous lot, disgusting. This is a showcase of fake American democracy. It is American gangsterism, a kangaroo court.

PS. On a one to one basis, the old hacks in Congress would look like infantiles against the technically superior TikTok CEO Chew.

US has lost the Global South

 Actually the Europeans are also afraid of losing their global standing without riding on the coat-tails of the USA. This is also their only chance at self preservation, using the USA's unipolar hegemony to maintain the Anglo Saxon Whites dominance. But like Little Britain, the decline cannot be stopped.

Therefore, whatever the USA tells them to do, they have to follow. The downfall of the US$ hegemony, and with it the USA military power, means the fall of the Anglo Saxon global domination will deflate going forward. And they are petrified of that happening. They therefore have to support the USA's agenda, whatever it takes, even to the extent of sacrificing themselves. What have the Europeans gained so far in Ukraine? Nothing other than cutting their noses to spite their faces to please the USA.

However, it may be an exercise in futility trying to prevent the changing of the global geopolitical order from a unipolar to a multipolar world. The West already lost the Global South, after years of blatant neglect in Latin America, Africa, Middle East and Central Asia. Now Central America is slowly moving away from USA's sphere of influence as well. Mexico just joined BRICS and Honduras just dumped Taiwan for China.

The USA and the West are trying desperately to regain their influence in the Global South. But it is too little too late. The Africans can no longer be fooled, with many wise leaders rising through the ranks to take over. Those leaders learned their lesson from the past and refused to be lured into demonising China, the usual narrative touched upon by Western leaders each and every time they visited any African country.

Anonymous

China is now a ‘safe haven’ for international capital

 

China is now a ‘safe haven’ as international capital flee from Western markets to Asia amid banking turmoil

The unfolding banking crisis in the US and Europe, which has shattered investor confidence in the Western financial system, could highlight China as a “relative safe haven,” economists at Citi said in a note.

The Chinese economy could see accelerated expansion this year, giving the country a “hedge” for growth while economies in the US and Europe face heightened risk of financial disruption, according to the note.

“We have long been discussing our view that China can be a major growth hedge this year – if anything, recent global banking stresses perhaps have strengthened this thesis,” a team led by Citi’s Chief China economist Xiangrong Yu reportedly stated.

“China could at least be a relative ‘safe haven’ given its growth premium, financial soundness, policy discipline and the new political economy cycle,” the economists argued.

Citi also expects to see the onshore yuan strengthening against the US dollar as soon as September, which would bring the renminbi to its strongest levels since April last year.

Anonymous