Miscellaneous News
- Thread starter bd popeye
- Start date
Myanmar is already done for. So, no BRI from that direction
Bunch of Russian commies.
Lock them up!
Considering the current state of the USA and the fact that the leaders in the USA are obviously cheering that their so called triumph in regards to the demolition of that pipeline whilst being obvious to the damages accumulating at home (I mean look at the hurricane that is obviously going to messing things up more then ever), it is prudent that China must ensure that they don’t in any way help these idiots out of the hole they are in. Since they have all but said that they will resort to terrorist actions to harm Russia and China, then in retaliation, both Russia and China must cut off trade time ago crucial supplies until the USA dismantled their terrorist net works in Asia and everywhere else, or risk total destruction once they and like minded allies wipe these terrorist off the face of the earth in their back yard. This task may yet be easier given the current situation where they allies in Europe are being destroyed right now due to the misguided belief by the USA that they must beat when any desenters when in reality, having allies weakened like this isn’t going to make The European people like the people of the USA going forward (traitorous sell outs non withstanding)
U.K. could trigger a global crisis as pound collapses while bond yields soar, Larry Summers says
ormer U.S. Treasury Secretary Larry Summers is worried that the U.K.’s new Prime Minister Liz Truss may risk triggering a global crisis if the government doesn’t take steps to stop the bleeding in local government bonds and the pound.Since the pound is considered a global reserve currency, a balance-of-payments crisis in the U.K. could reverberate beyond Britain’s borders, Summers said in a series of tweets on Tuesday.
Given the growing risks of a crisis, Summers said he is “surprised” that the International Monetary Fund hasn’t yet chimed in.
Summers that he wouldn’t be surprised to see the pound tumble all the way to parity with the U.S. dollar and the euro
But on Tuesday he said the pace of the British currency’s decline over the past couple of days has taken him by surprise.
The pound tumbled along with British government bonds as international markets pushed back against the Truss government’s proposed mini-budget, which included both tax cuts and billions of pounds in energy subsidies to help British families struggling to pay heating bills in the face of the worst inflation in recent memory.
Summers slammed the budget as “utterly irresponsible” and said that “a strong tendency for long rates to go up as the currency goes down is a hallmark of situations where credibility has been lost.”
As the U.K. trade deficit climbs due to rising energy costs, this combination of a weakening pound paired with rising yields could lead to a vicious cycle, Summers said.
Summers added that he would “not be amazed” to see yields on short-term gilts triple over the next two years, eventually rising above 7%.
It’s possible that London’s status as a global financial center could be damaged in the process.
The pound rebounded on Tuesday as the greenback pulled back after hitting its highest level in 20 years. But the U.K. currency is still fetching just $1.08, just above its lowest level since the 1980s.
Meanwhile, U.K. bond yields continued to climb, with the 10-year gilt yield hitting 4.373%, while the 2-year gilt yield ticked lower to 4.441%.
British stocks were on track to finish marginally higher on Tuesday after the FTSE 100 the U.K.’s benchmark stock index, saw its lowest close since June on Friday.
This time its different, America is still trying to go for a repeat of WWII where it alone was left untouched while the rest of the world lay in ruins...
In the nuclear and hypersonic age I dont think that kind of grotesque inbalance and disparity will be possible anymore.
If all 1.6 billion China citizens are "going down" as you say, in that scenario I sure as hell hope the CPC takes America down with it... Better to die avenged than to live another century under the boot of the Anglo colonizer ever again
I think this time, when the USA crosses a certain threshold, both Russia and China and many friends that the USA won’t acknowledge are going to one day strike when the USA is distracted and bring the nation known as the USA to its final conclusion. Don’t think those hypersonic weapons are going to remain in storage forever. Knowing both Russia and China, it’s not the fact that they have these weapons that the USA should be afraid of but when, especially given that Russia and China have long memories and the USA is being increasingly biligerent whilst becoming increasingly blind to there short comings (I mean look at there infrastructure and supply chain problems and tell me that they are ready for an existential war in the event that the US grid is damaged enough from long term neglect and the US military recruitment problems become literally impossible to solve due to the population being too fat for service). But still both Russia and China need to glass all those US bases around their nations first and the time coming for that is fast approaching whether they like it or not
I don't know how commonwealth countries will react with an Imploding UK... A lot are talking to turn their back for ages to the dominion.
There won't be an UK once this is all done.
Bonus for Yiwu I say. After all those UK flags they sold around QE2's funeral they get to sell a whole bunch more - with the 3 crosses split up separately.