Posted on 04/25/2022 3:27:58 PM PDT by delta7
Argentina at best, Venezuela at the absolute worst.
Do note; Vlad tied the Ruble to the Yuan, gold, oil, and Bitcoin. A fact our MSM financial “ news” left out.
…and Vlad and Xi says, again, CHECKMATE. Welcome the new kids on the block, the China / Russia/ India and Brics alliance…..
“Israel Added Yuan to Reserve Currency Portfolio”
perfect timing given that the chinese stock market and the yuan are tanking because of china’s insane lockdowns ...
Granted the U.S. has some real challenges in that area, but compared to the Chicoms ???
Just think about the effect of the Chinese lockdowns on the American consumer market in a couple months.
Chinas GDP has been rising during Covid, all western nations rapidly declining. Due to lockdowns. Keep your eyes on the Yuan and Ruble, both are being bought by “ unfriendly “ US nations- India, ME, SA, about 60 percent of the world’s population. The USD dethroning is here and now, the power of the Fed is masking its decline.
Make no mistake, we are living in historic financial times. Prepare accordingly.
I forgot, thank you vegetable head Joe for weaponizing the USD with historic sanctions….and all the war cheerleaders say, go Joe. Sickening.
You post this kook garbage over and over again. All these idiots you follow have no clue why the dolkar is used. NONE! They yap endlessly about the petrodollar but that is mytb. You being scared out of your mind over utter fiction shows you don’t have any ability to critically evaluate what you are reading from them.
“Chinas GDP has been rising during Covid, all western nations rapidly declining. Due to lockdowns.”
Hmmm... lets put on the thinking caps boys and girls. If all your customers are in big economic slowdowns how can your financial numbers be great? ITS NOT POSSIBLE. All the numbers from China are utterly frauulent and phony. Only the most naive take them at face value.
This article actually shows how bad things are getting for the US under the Brandon administration.
But it seems like a game of chicken. The Chinese it is said, had their lockdowns due to internal political struggles (according to Jack Posobeic); others said it was to strangulate Western economies, particularly ours, with supply chain problems.
In so doing, China would supplant the US as the top superpower.
So who breaks first? China, which has to have customers or the West, which uses China as its manufacturing base?
We should have established alternative suppliers long ago, namely India, Vietnam, and Thailand. But that’s not what corporate wanted.
Just think about the effect of the Chinese lockdowns on the American consumer market in a couple months.
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Lots of suffering coming our way. However, population numbers put the non western nations in favor of weathering the storm.
Expect a housing crash that makes the 08 meltdown look like chump change, ( mortgage rates skyrocketing), reduced manufacturing output from Xi puts us in a dark place, credit markets upheaval thrusts us into food, manufacturing , and supply shortages ( per Fed,they are now making $280 billion in overnight loans- undisclosed recipients), means nothing to the Joe six pack, but fact is we have just entered historic, global financial times.
What you are witnessing is a global move to commodities/ energy based currencies. The USD is backed only by “ a promise to pay”, and with a $30 trillion debt, the USD days have been numbered.
Pray hard for discernment, and guidance on how to emerge unscathed.
“India, ME, SA, about 60 percent of the world’s population.”
Perecent population or percent land mass are irrelevant and those who use them don’t know what they are talking about. India has like 4 times the population of the US but 1/10 the GDP.
“In so doing, China would supplant the US as the top superpower.”
China is a house of cards and is in no position to play chicken with the rest of the world. They are not just shutting down ports to Western economies but all.
He’s a Soviet troll - just go back thru his posting history. One of the more prevalent ones at that.
Posts the same articles over again once a different site picks them up. Always with the typical anti American slant to go with it.
I may hate the current administration, but I still love the US, rather than actively hoping for its destruction as the OP and his fellow travelers do.
“However, population numbers put the non western nations in favor of weathering the storm.”
Wrong. Non western nations are poorer and cannot outbid the West for higher priced and scarce commodities. They will suffer the worst. People in the US will pay more for the 100,000 items in a typical US supermarket or be annoyed that a few percent of those items are not available. But in the non-western nations there will be real starving and chaos.
I read a bunch of the comments and I would guess that the Chinese are having lots of problems. The completely global economy is breaking up into regional groups. It is almost like looking at Pangia when all the land mass was connected and then the continental drift happened. South America May be able to supply us with tomatoes during the winter. The USA needs to get going with fossil fuel independence. Drill baby drill.
The promise to pay is shattered to me.
Arrogance is talking. What the wealth is based on? What you are going to do if the Chinese are to charge more for consumer products? They become rich and you become poor.
After last week the Yuan is barely toilet paper.
Lots of drama about collapsing currencies. Except it looks like they are all garbage these days.
That’s not to say that China won’t try. If the leadership is surrounded by “yes” men and everyone must ensure dear leader all is fine they could make disastrous decisions. At any rate we won’t diversify our supply chain.
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