Overcapacity - Boon and Bane

 The mischievous American losers have invented another catchphrase to attack and demonise China. Overcapacity in production of goods is bad according to the Americans. The simple reason, Americans cannot compete against China in the production of good and reasonably priced goods. The Americans want to produce goods and sell them at high prices, overpriced vis a vis Chinese goods that are as good and often better. So, China, by being more efficient in producing goods, is demonised as bad and must be stop from producing good and cheaper goods in great numbers.

As they said, one man's poison is another man's meat. What is bane for the Americans is a boon to all the poorer countries that now can afford to buy the same goods, better quality goods that are cheaper than Made In USA. A simple example is mobile phones. How many people can afford to buy Apple mobile phones, that is now an essential life style item, not a luxury? Imagine if China is not there to produce alternative mobile phones that are equally good at a fraction of the price of Apple, how many people in India, Africa and the rest of the world can own a mobile phone for their daily use.

Overcapacity is just a lame word used by the mischievous and American cheats. When China is producing for the rest of the world, there is no overcapacity as the demand is greater than the supply. China's over production is also making people of the world, including the Americans, richer by increasing the purchasing power of their respective money. The people of the world can now buy and access good quality consumer goods at prices they can afford.

The American liars are not lying only to the people of the world, but also to the Americans. Many Americans would not be able to live a better quality of life without cheaper Chinese goods that flooded American supermarkets like Walmart. The average Americans would become poor, the poor Americans would become poorer. Instead of helping the poor Americans, the clowns in Washington are making imported good from China more expensive for the Americans by raising tariffs.

The people of the world are becoming richer with their money being able to buy more useful products from China's overcapacity. The rest of the world would want China to produce more and sell to them at cheaper prices. The Europeans and Americans would also greatly benefit from the EVs that China is producing, better and cheaper than even the Japanese top brands like Toyota, Honda, Nissan and Mazda. Chinese EVs are the best in the world and selling at very friendly prices that no one can resist. By the way, Toyota has been caught cheating and fabricating many critical specs of their cars, including safety issues, air bags etc etc. Toyota's reputation has gone down the drain, like Boeing.

Only the mafia in Washington are blocking access of good Chinese EVs to the average American consumers and forcing them to buy half baked American EVs at double the price of a Chinese EV.

I rest my case.

American gangsters and terrorists are worse than thieves

 What Western myths are also crumbling? The mantra that investing in assets in the USA is the safest bet is crumbling. The mantra that USA treasuries are the safest investment channel on earth is another myth that is crumbling. The mantra that building manufacturing facilities in the USA is the best bet is also crumbling. The gloating and salivation that sanctioning Russia will turn the Ruble into rubble and that Russia will collapse has already crumbled.

Investing in USA or the West and having assets in USA and Western banks is no longer safe. In fact, it is the riskiest place today as Russia found out, and which the world became acutely aware of. They are asking, who is next? The world should thank Russia for showing them what the USA and the West really are, warts and all.

Today the USA may consider a country as friendly, tomorrow is a different matter altogether. At their whims and facies, assets and reserves could be confiscated. They are going around using this threat against every country that crossed swords with them. India is reported to be extracting its gold from London. India, always viewed as a friendly country by the USA and Europe, is not feeling that safe anymore either, keeping its gold reserves in London, even with an India PM watching over them, LOL. It is absolutely mindboggling that countries had deemed it safest to put their gold in the hands of thieves who lie, cheat and steal. Stupidity has no cure indeed!

Countries are also getting nervous about buying more USA treasuries that are basically becoming a hot potato and realistically unsafe. Only the UK, the partner in crime, of the USA is now buying and has become the second biggest holder of USA treasuries today. The UK knows that their holdings can never be seized, right? Birds of a feather must trust each other. Hope the 'iron-clad' chain holding them together does not rust, LOL.

Many countries attempting to invest in the USA had also been taken to the cleaners, not just Chinese companies. A Chilean investment that Trump allowed to open up a mining venture, a nickel-copper mine, was sabotaged by Biden, resulting in massive losses to the Chilean investor. A Chinese battery manufacturer, CATL, was stopped from opening a battery facility in the USA to supply batteries for EV manufacturers in the USA. Fortunately, CATL had not yet put in funds to start building that facility and suffered no loss. But it shows that even if Biden approves, Trump may not agree if he should take the White House. USA policies are fragile and changeable like the weather, which is why the EU is very nervous of a Trump victory in November.

The USA had already threatened to seize China's Treasury holdings during the COVID19 outbreak. Now some moron in the USA is revisiting this move of seizing China's assets in the face of the geopolitical face-off regarding Russia. Any move in this direction will really trigger the dumping of USA Treasuries and other assets like a 'fire sale'.

Anonymous

Arrogant American liars still spreading lies about their dominance and superiority when those have long been history

 It honestly is good that they just keep pretending that they are always the best and believing in that makes sure they do not see the woods for the trees. They think countries do not and cannot progress without being given permission by them to participate. Like Space Station research, hypersonic missiles, rail guns, unmanned drones, EVs and now semiconductors.

Which of the above innovation is the USA now ahead? They probably still have a little edge in semiconductors, with all the help from companies like TSMC and Samsung among others. But that edge is eroding faster than they think. Those chip manufacturing facilities frantically being built in Arizona will turn into white elephants within three years from now, when China goes into mass production of 3 nm chips. The USA's Chip Alliance members will be unable to compete globally. Not only that, but the whole Chinese market is beyond their reach as domestic supplies will take away all the years of hard work foreign semiconductor manufacturers have forged inside China to gain market share.

The very fact that they are still using the more than two decades old and outdated International Space Station abandoned by the Russians tells us how far behind they are in that field alone. Laughable indeed that they had earlier banned China from participating in research on the ISS when it was supposed to be an international project. You do not have to guess who was behind that ban. Karma works in mysterious ways indeed!

When the ISS begins breaking up within short, which it definitely will, the USA would have no space station to brag about. But shamelessly they may reapply to take part in the research on the Tiangong Space Station, which China denied them earlier. Having no sense of shame, you can expect them to crawl back to China begging for a second chance. Or if rejected again, they will demonize and cry loudly that China is too dominant in that sector and must be asked to curb its progress in space research. I think nothing will change in the USA playbook.

Anonymous

Saudi Arabia not to renew the 50-year pact to sell oil only in US$. MBS in grave danger. American terrorists will be going for his blood.

 Saudi Arabia's expected decision not to renew the 50-year pact to sell oil only in US$ is indeed a very significant move that will hasten the last nail in the coffin of the US$ hegemony.

It all started from June 6th, 1974, under a pact where oil had been traded only in US$, benefiting the USA with all countries having to acquire US$ reserves to buy oil. The pact is expected to end on June 9th, 2024. The USA had been very merciless in dealing with leaders of countries trying to trade oil other than in US$. Saddam Hussein and Gaddafi tried to sell oil in Euros and were exterminated and the countries destroyed as an example to others.

Saudi Arabia knew the consequences and joined BRICS first before taking this step of ending the 50-year pact. How the USA is going to deal with him is surely going to be extremely harsh. Mohammed bin Salman has to be extremely aware and very careful that an assassination attempt on his life is not to be taken lightly.

The danger to MBS is made more significant with many other Saudi Royals eyeing the throne, and the USA will take advantage of that to ferment a regime change or an assassination attempt. Saudi Royals has huge investments in USA assets and will not be keeping silent amidst the de-dollarization momentum gathering steam with this move by MBS.

Anonymous

Arab countries bad experience with buying American weapons

 

 

15 minute clip exposing how Arab countries were cheated, duped and betrayed by the Americans when they bought or wanting to buy American weapons. The Americans treated them with disdain, selling them compromised weapons, did not teach them how to maintain the equipment, held back on selling them the weapons and spare parts needed.

There are still Arab and Muslim states stupidly wanting to buy weapons from the Americans. Are these leaders that stupid to think they will get a decent deal from the Americans? And to think that the Indonesians are also on the waiting list to buy American weapons given the bad experience of Arab and Muslim countries. 

Even Taiwan would not get the weapons they wanted. The Americans would not trust the Taiwanese and would only sell them downgraded weapons or weapons due for scraps. No F35 for Taiwan even if it is a dud. The dud aircraft is an American secret not to be exposed.

Pakistan was also duped by the Americans but realised their stupidity in time to go back to China to built the joint fighter aircraft JF17 Thunder. When the deal was first mooted, the Americans rushed in to counter offer the F16 to Pakistan. As usual, like many Arab and Muslim states, whatever offered by the Americans must be the best, a good deal. Pakistan bought some F16s only to find out that the Americans controlled everything and would give them only what the Americans deemed fit. The Americans could kill the whole fleet of F16s by stopping supplies of parts and weapons.

Pakistan then went back to China and resumed the joint project and now producing the JF17, fully in control of the production process and all the parts and weapons. Pakistan can even sell the JF17 to any country that wants to buy them, making decisions in the interests of  Pakistan, not in the interests of the Americans, not controlled or dictated by the Americans.

Indonesia will suffer the same fate if it goes ahead with buying American aircraft and weapons. Indonesia still thinks the Americans love them, despite it being the biggest Muslim state when America's number one enemy is Islam, killing Muslims all over the world by calling them terrorists.

Pakistan is the only Arab Muslim country that is manufacturing its own fighter aircraft and selling it to the world. If they were with the Americans, they can never dream of it.