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supercat

supercat

Major
Why the "Uyghur forced labor law"? For the U.S., if everything else fails, you impose sanction. However, this is just another thinly disguised trade-war, and it will fail as miserably as the previous one. Make sure you read the whole article. This is one of the most clear-eyed account of America's hubris.

Yesterday’s War​

We are past the point where we can decouple economically from China.

Both sides of the argument on China’s domination of the wireless market, as presented in Jon Pelson’s Wireless Wars, are moot. The harsh fact is that we have lost the trade war with China through a combination of incompetence and narcissistic self-delusion. Not only have we lost the trade war; we are losing the race to the so-called Fourth Industrial Revolution (the application of broadband and A.I. to the entirety of economic activity).

When Donald Trump imposed a 25% tariff on roughly half of U.S. imports from China in August 2019, China’s exports to the U.S. were a seasonally adjusted $410 billion a year; in April 2022 they were more than half-again as much, at $675 billion. We don’t have the industrial capacity to meet the demand we created with the $6 trillion COVID stimulus, so we pay for imports at higher prices.
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T

tygyg1111

Senior Member
Registered Member
FriedButter said:
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Here is the next phase of the plan for the average joes when winter comes.

build-burn-barrel-1.jpg
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Germany on verge of gas emergency ‘alarm stage’ – Die Welt​

The measures in question kick in when there is a major disruption in supply or demand

The so-called “alarm phase” is triggered when there “is a disruption in the gas supply or an exceptionally high demand for gas which leads to a significant deterioration of the gas supply situation, but the market is still able to cope with this disruption or demand without the need to take non-market based measures,” according to the German Economic Ministry's 3-stage
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The 3 stage plan:
1. Blame Russia
2. Jump up and down
3. Buy Russian coal using Rubles
 
R

Rettam Stacf

Junior Member
Registered Member
kokole said:
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Let me try to understand the logic why sanctioning Russia's gold import and export will put Russia on her knees.
  • Russia is neck to neck with China as the two top gold producing countries in the world.
  • Russia import very little gold. Not even among the top 15.
  • Russia ranks #7 as gold exporter (4.4% of global export) in 2021.
  • Russia is right next door to China, the #7 ranked gold importer (11.1% of global import) in 2021. China can easily absorb all the gold Russia exports.
I give up. There is no logic at all.

This idea is probably originated from the same group of western financial/economic wizards who came up with the ideas of EU banning coal import from Russia in April (two months later EU all switching to coal), escrow oil & gas payment to Russia (this brilliant idea lasted not even a week), and institute a cap on Russia oil prices.

Sure look like another home run from these guys.
 
A

ansy1968

Brigadier
Registered Member
Rettam Stacf said:
Let me try to understand the logic why sanctioning Russia's gold import and export will put Russia on her knees.
  • Russia is neck to neck with China as the two top gold producing countries in the world.
  • Russia import very little gold. Not even among the top 15.
  • Russia ranks #7 as gold exporter (4.4% of global export) in 2021.
  • Russia is right next door to China, the #7 ranked gold importer (11.1% of global import) in 2021. China can easily absorb all the gold Russia exports.
I give up. There is no logic at all.

This idea is probably originated from the same group of western financial/economic wizards who came up with the ideas of EU banning coal import from Russia in April (two months later EU all switching to coal), escrow oil & gas payment to Russia (this brilliant idea lasted not even a week), and institute a cap on Russia oil prices.

Sure look like another home run from these guys.
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@Rettam Stacf bro you need a Harvard MBA to understand all of this...lol
 
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