America's fictional economy growing strongly at 1%, helped by money printing

 The USA economy is still solid as a rock according to Biden, with job creation reaching for the moon. Such a view is not shared by Trump, who labelled the job market a 'cesspool'. Wonder how the voters will look at it.

As Profession Richard Wolff puts it, USA's economic growth is all about printing toilet papers, that goes into the stock market to create a bigger and bigger balloon. That is growth in the context of the USA. When BRICS gets it house in order with its currency, settlement system and control of its in house 'grain and energy exchange', that will end the toilet paper printing and put the printing machines out of business.

China is still said to be collapsing with a 5.2% growth in the first quarter of 2024. Huawei was thought to be tottering or even collapsing from the sanctions earlier but still reported a staggering 564% profit growth year on year. USA chipmakers on the other hand are sinking deeper into losses and are of course not collapsing anytime soon. Biden will throw more subsidies into the black hole to keep them alive. What is the truth, or the alternate truth? Do the sanctions work so far against Huawei? Wonder how other sanctions will work against China that is said to be coming up.

I just wonder what TSMC, Samsung and other USA chipmakers are thinking now about their investments in Arizona and prospect moving forward. Their future looks bleak, considering that Huawei is growing stronger by the day and now even making its own lithography machines and selling them cheap. Oh, those are junks they will say, but never forget the junks that China used to turn out and now dominating the market in EVs, solar panels, wind turbines, batteries, and even shipbuilding, the traditional niche of Japan and South Korea in the recent past.

And were not Chinamen also relegated to merely suitable to be cooks and laundrymen? Why is the West now fearful of those Chinamen eating their lunch? Keep denying, go to sleep and everything will turn out fine when they wake up.

Anonymous

China opening new trade route in West coast of South America

 China is investing heavily in Chancay Port in Northern Peru. China already had footholds in dozens of South American ports.

Chancay Port will be a game changer for maritime trade between China and South American countries. Chancay will be transformed into a deep water container port where ultra large vessels are able to call. The USA's blockading of the Panama and Suez Canals and the Straits of Malacca will no longer be a matter of survival for China in times of war.

Moreover, ships to and from Chinese ports will save weeks of sailing time across the Pacific Ocean, instead of the longer journey of circumnavigating the Panama Canal. With China's help in building up Chancay Port's infrastructure and deepening its waters for larger ships, even Brazil will benefit tremendously in its export trade, instead of using ports on its Eastern shoreline and travelling a longer distance to reach Asia.

China is exploring every corner of the world to find alternative routes for trade and away from possible USA blockades. The Isthmus of Kra project is still not firmly decided, and the Nicaragua alternative to the Panama Canal is still under consideration. That Canal, if constructed is equally important for South American countries trading with Europe. Of course, the USA is against all this development, as it is losing its strategic objective of using its naval power to blockade essential waterways. China looks ten to twenty years down the road, while the USA looks no further than its nose.

Anonymous

Apple and Foxconn in India, making and selling iPhones to Indians

 It is claimed by one particular hardcore anti-China social media site that Apple's move out of China is picking up speed. And with that, Foxconn needed to cut production and laying off workers like no tomorrow in China. Is that really going to hurt China?

For every Western entity moving out of China, there are dozens of Chinese new manufacturing setups ready to take its place. All in new tech or high-tech sectors, not laundry shops or soap kitchen setups. Huawei and Xiaomi have even branched into making EVs, away from their traditional area of making telecommunication equipment and systems, smartphones and also chips. That is how innovative Chinese companies have become.

Apple tried for decades to make EVs and failed miserably and had to abandon the idea. So, do understand that even Apple is not infallible and also subject to failures. Either that or it has now come to realize that it has chosen 'the wrong tree to bark at', knowing that it cannot compete with China in EVs after all.

And remember that those entities that left China not only will lose their footprints in China, after decades of hard work setting them up, but they will also lose the Chinese market as well for good. On top of that they now have to compete with China in the global market if they were to move back to the USA or Europe, where production cost is multiple times that of China.

China is expanding its priority and pouring its resource into new energy manufacturing, that can absorb the skilled workers laid off by Foxconn and others. Foxconn is not the only assembly plant for Apple employing workers in China. Luxshare Precision Industry is also another Apple assembly partner in China. There are so many smartphone players in China that are well known around the world, and they need skilled workers as well as they expand their production.

Apple and Foxconn can enjoy themselves in India, trying out the Indian rope trick, and hanging themselves in the process. They can keep massaging their own ego and believe in their illusion that they are expanding their footprints in India, when they are clearly constrained by skilled workers and engineering talents. Apple's iPhone sales is facing headwinds, not improving with the India move so far. iPhones made in India have been rejected in Europe and Chinese buyers are refraining from touching them. Apart from that, the Chinese Government is phasing out iPhone usage in Government entities.

The only consolation for Apple and Foxconn is that can continue with their agenda of paying 'slave wages' to Indian workers to make bigger profits. And for that, the USA and the West will not say a word. That is their 'double standard' practice, culled from their playbook.

Anonymous

China has had enough of Mickey Mouse in the South China Sea

 

2 min clip showing Chinese Coast Guard ships firing water cannon at a little Philippines Coast Guard ship trespassing China's territorial sea.

After several months of highly provocative actions by the Pinoys, and many warnings by China, China has finally decided to take firm action against the Mickey Mouse in the South China Sea. Mickey Mouse always think it can mess around with a bigger opponent, not aware that this only happened in cartoons.


China now realised that if it does not put a stop to the monkeying around by Mickey Mouse, it would only embolden the Mickey Mouse. It has finally decided to take firm action. And this is only the beginning. Mickey Mouse thought with the presence of American terrorists in the region, China would not dare to take action against it. Mickey Mouse better wake up. China would even act against the American terrorists, what is a few Mickey Mouse.

By the way, when the Spanish colonial master sold the 'Philippines' to the Americans in 1898, it came with a map of the 'Philippines'. None of the Chinese islands was in that map of the 'Philippines'. The Americans knew what they bought from the Spanish. Now the Mickey Mouse wants to claim Chinese islands as theirs. The mischievous trouble making Americans would not tell the Pinoys the truth, and would not show them the map. There was no state called the Philippines but colonised territories of Spain, to be sold from one buyer to another.

Mickey Mouse thinks it can bully the dragon without thinking that fantasy only happens in cartoons, not in the real world.

American war economy given a $95b boost

 

Less than 2 minutes clip on the American economy falling apart

The American economy is rock solid, growing at 1%,...oops, growing at 3.2% according to Biden. Not sure where Biden got his numbers and not sure which number is the truth. Anyway the Americans, especially the Administration in Washington never lie, always tell the golden truth. And the inflation number is only 3%, not 5%.

With such a solid economy, the above clip about job losses, businesses folding up must be fake news. Or if they are real, no problem, small problem. There is nothing wrong with the American economy.

At the worst, just print more money to inject into the economy. Biden just gave the American war economy a $95 billion boost. It is so easy to drive up the GDP of the American economy. Although this new money is supposed to be military aids for Ukraine, Taiwan and Israel, these countries would not get a single cent. The money would be paid to the American industrial war complexes to make more weapons to be sent to these countries, meaning more jobs for the American weapon manufacturers.

The American war economy will always be rock solid. Any slowing down can always be overcome by starting a few more wars and selling more weapons. What about the civilian and commercial side of the equation? Who cares. They can lose jobs, close down their businesses. As long as the military war complex is doing well, the American economy can only go up, and so can the national debt.

Just have more wars and all is fine. And blame China and Russian for the wars, for starting WW3.