~ ~ ~
And, whatever else you need...
It is my personal belief that Trump was tough on China, and he was beating them into reluctant submission. Now, with a weak and feckless Obama puppet president, China will not wait and make that same mistake again. They will act and do so under as much cover of darkness as possible, but they will march towards global dominance. At some point they may have to act above the threshold, such as taking Taiwan, but they will do so.
The Obama puppet (Biden) have long stated their goal to transform America and to bring her into world submission, and they are doing this very thing. The military is quickly and intentionally being hollowed out with leftist ideology. I doubt we will ever again dominate the world again militarily. China will rapidly pass the US in readiness and capability.
Brace, brace, brace.
The last bulwark against the “Great Reset” has been taken down, Trump. Let the games begin. Anyone that thinks the Wuhan virus release was a mistake just ain’t paying attention.
Ping
*** And, whatever else you need...***
I’ll ditto that. Get what you need before prices skyrocket. They will continue to go up.
I was never a hoarder before CoVid, at least for things I need every day. I do collect nostalgic items that I don’t need, but help me remember happy days gone by.
Now, I stock up on nearly everything. Supply chain issues (my husband’s field) are talked about regularly now. Used to be he kept that for the work day. Now we laughingly call me a “domestic procurement specialist”. As soon as something is used or consumed, it’s on the list to be replaced.
Which reminds me, there are a few items I need to add.
amorphous : “The supreme art of war is to subdue the enemy without fighting.”
See an example, and its after effects in the original posting (OP).
Such BS. Make it here. We need tariffs to short circuit “gloBULLism” trade.
Well... I suppose I will have to decide if I need to rearrange investments to avoid losing everything in some societal collapse.
Thanks!
From what I've been reading on Archegos, I can't find any published explanations why there was a $20 billion margin call, just that there was one. Did a bank fail? Was there a market sector collapse? Did a company go bankrupt? There is ZERO reporting on the cause of the margin call. A total blackout.
Could it be...
GAMESTOP?
From what little reading I did last night, it seems that Bill Hwang was banned in 2013 from trading for five years due to illegal short selling. Prior to being banned, before Hwang went out on his own he worked for a bank that held significant shares in GameStop, until the bank divested their shares after GameStop refused to implement requested changes to their business practices.
Are we going to find out that Archegos Capital Management was an early player in shorting GameStop because Hwang knew they were a poorly run company that rejected improvement suggestions? Are we going to find out that they were the first to get margin called 30 days later?
Are more hedge funds going to collapse now that the first domino is falling, or is this just a coincidence?
All I can say for sure is that the MSM is silent on the reasons for the margin call, and there are no other financial catastrophes that I can think of to warrant a $20 billion margin call on Archegos.
-PJ