Amusing pitch from an EUnuch making a pitch for turning the EU into a province of China in all but name.
Oil prices will rise.
Maybe the CCP expects President Trump to use the defaulted Chinese Railway Bonds ($1.6 T) to repay PRC’s hildings of U.S. Treasury debt (about $1.2 T). Would the CCP have any dollars after that happens?
Lol. Commies. They do all sorts of stupid shyt. Starting with their political system. It’s all downhill from there.
China is in big trouble. They have a conflict on every border. They have crop failure. They have very scarce reserve resources.
The US is actively moving corporate supply chains back to the US. US Gov’t is scrutinizing every purchase to evaluate Chinese input on each product screening for security vulnerabilities.
Their people are pissed. Capital is leaving China at an astonishing rate.
They COULD risk war, but I tend to think they are at bigger risk of FAMINE, and after that, revolution.
No mention of the Three Gorges Dam getting ready to implode??
One reason may be that they believed the Three Gorges Dam was going to collapse. But I don’t put too much stock in that guess.
The theory being that the world’s largest consumer of commodities, China, can control the long-term prices they pay by buying up massive future contracts now and then living off their stockpiles until the future current price of this or that commodity is forced down by market forces.
The Daily Con.
The Russians (and their CSTO (SOVIET) allies) are also stockpiling furiously. North Korea and Iran are suspiciously silent right now as well.
Trump’s re-election?
Many questions w/o answers in this speculative column. If the race to hoard commodities over to the China side is any indication, the above quote from near the end of the article could loom significant.
If the long reign of the USD is now in jeopardy it would be because the $30T national debt is never going to be paid, in which case confidence in the USD as the world's go-to currency could evaporate overnight in a great cascade. The chicoms have long endeavored to undermine it in favor of their own yuan.
We should be doing it too. It’s monetary policy.