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    World Economic News and Discussion

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    Austin

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    Post  Austin on Thu Jul 13, 2017 6:52 am

    kvs wrote:China can undergo a crash, but its long term prospects are good since there is a lot of development left
    to go.   China's GDP is nowhere near saturation level.   Nothing is constraining China's growth since it
    still has access to affordable energy and food.   It actually has an industrial sector and can feed it with
    the necessary resources to function.  

    By contrast, the USA, Canada and most of the EU are some sort of zombie consumer economies which float
    on catabolic residual consumption as the middle class disappears.   Without debt there would be no
    OECD economies aside from special export dominated economies like Germany.   Offshoring jobs and introducing
    trickle down voodoo based on merchant profits from imported junk costing next to nothing resold for western
    prices cannot be a long term economic model.   At some stage true 3rd world conditions are reached (99%
    dirt poor and 1% rich).

    The western propaganda about China's economy is the same hate fantasy projection as in the case of Russia.
    The western fake stream media is a total waste of space.

    Is there any thing Russia can do help China become stronger financially and in bargain gain most from it.

    Like Trade Russian Energy in Chinese Renminbi or keep Renminb in Forex and buy Chinese Government bond ?
    miketheterrible
    miketheterrible

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    Post  miketheterrible on Thu Jul 13, 2017 7:10 am

    Other than keep providing cheap energy and yes, trading in local currencies, not much else to help. I guess give access to Chinese businesses in Russia would help both sides as well.
    kvs
    kvs

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    Post  kvs on Mon Jan 22, 2018 9:13 pm

    https://awfulavalanche.wordpress.com/2018/01/21/america-kazakhstan-a-new-friendship-blooms-part-iii/

    However, it had become known at the very end of December 2017, that just a couple of months prior to this (in October), $22 billion dollars of the National Sovereign Fund of Kazakhstan were blocked in the accounts of the Belgian filial of the American Bank of New York Mellon. These 22 billion comprise around 40% of the Sovereign Fund, and around 17% of the entire Gross Domestic Product of Kazakhstan.



    - The fact that the money was confiscated in the course of a lawsuit by Moldavian businessman Anatol Stati, who was involved in investments in the Kazakh oil-gas industry (his investments comprised $150 million dollars), as a result of which he got into a quarrel with the Kazakh government.

    - The fact that Stati’s lawsuit named a maximum of $4 billion dollars, and the Stockholm Arbitrage Court ruled in 2013 that Kazakhstan owed a compensation to the businessman in the amount of half a billion dollars; and yet seized $22 billion.

    - The fact that this is apparently not the only — although it is the largest — case of blocking Kazakhstan’s money, on the part of the West. It is said that simultaneously there was a whole series of smaller financial arrests.


    So a dispute over $150 million results in the seizure of $22 billion.

    If there is a rogue regime on this planet, then it is the USA. And all courts in countries allied with the USA are not trustworthy.

    KomissarBojanchev
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    Post  KomissarBojanchev on Mon Jan 22, 2018 11:29 pm

    kvs wrote:https://awfulavalanche.wordpress.com/2018/01/21/america-kazakhstan-a-new-friendship-blooms-part-iii/

    However, it had become known at the very end of December 2017, that just a couple of months prior to this (in October), $22 billion dollars of the National Sovereign Fund of Kazakhstan were blocked in the accounts of the Belgian filial of the American Bank of New York Mellon.  These 22 billion comprise around 40% of the Sovereign Fund, and around 17% of the entire Gross Domestic Product of Kazakhstan.



    - The fact that the money was confiscated in the course of a lawsuit by Moldavian businessman Anatol Stati, who was involved in investments in the Kazakh oil-gas industry (his investments comprised $150 million dollars), as a result of which he got into a quarrel with the Kazakh government.
       
    - The fact that Stati’s lawsuit named a maximum of $4 billion dollars, and the Stockholm Arbitrage Court ruled in 2013 that Kazakhstan owed a compensation to the businessman in the amount of half a billion dollars; and yet seized $22 billion.
       
    - The fact that this is apparently not the only — although it is the largest — case of blocking Kazakhstan’s money, on the part of the West.  It is said that simultaneously there was a whole series of smaller financial arrests.


    So a dispute over $150 million results in the seizure of $22 billion.    

    If there is a rogue regime on this planet, then it is the USA.    And all courts in countries allied with the USA are not trustworthy.


    Fucking disgusting. But the americunts also do this BS to their allies, especially France. The US freezed the assets of several French corporations and Banks(including BNP Paribas I think) for allegedly dealing with Iran or just to remove competition.
    JohninMK
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    Post  JohninMK on Tue Jan 23, 2018 9:00 am

    Yup, it doesn't matter who you are, every so often the US has to remind the vassals just who is in charge. Often it is by levelling fines for some activity or other. There is also a lot of gold from banks around the world in the US that may or may not still be there, getting it back has proved to be difficult, unless perhaps you are the country responsible for the MH-17 case.
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    Svyatoslavich

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    Post  Svyatoslavich on Tue Jan 23, 2018 3:58 pm

    Such things would never happen 20 years ago, they never dared even to block or freeze Soviet assets and forex (which were minimal by the way). All this proves the elite desperation, we are probably seeing the very last days of the dollar hegemony.
    kvs
    kvs

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    Post  kvs on Fri Mar 16, 2018 9:07 pm

    http://realinvestmentadvice.com/is-the-u-s-economy-really-growing/

    World Economic News and Discussion - Page 7 3-cum-gdp-less-debt

    This is why Washington and its proxies are getting ready for war on Russia. The US economy is basically not growing after 2008.
    This is in spite of record money injections and debt stimulus. There has been some sort of phase transition in the US economy
    that its caretakers cannot fix.

    It also appears that all the globalism is not yielding the rewards that were expected back in 1991. America is a trapped
    wild animal ready to go for broke.
    George1
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    Post  George1 on Tue Jan 15, 2019 12:55 pm

    No surprise, Moscow dumping dollars to put more reserves in yuan, euro, and yen.

    https://www.bloomberg.com/news/articles/2019-01-09/russia-boosted-yuan-euro-holdings-as-it-dumped-dollars-in-2018
    kvs
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    Post  kvs on Thu May 23, 2019 8:55 am

    https://www.zerohedge.com/news/2019-05-23/iphones-are-now-embarrassing-china-trade-war-deepens

    Hilarious delusion about China falling into a recession because of US tariffs. It is the USA that will fall into a recession.

    Funny how inummerate is the author of the piece above. Hwawei's domestic market volume is bigger than Apple's global market volume.

    The International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker shows Huawei shipped 206 million smartphones, 105 million in mainland China, accounting for 26.4% of the domestic market last year. Apple placed fifth in the country with 9.1%. By 1Q19, that fell to 7% compared to a 3% share gain for Huawei, according to Counterpoint.

    ...

    Apple is experiencing an innovation shortage and backlash across China. In 1Q19, iPhone shipments worldwide collapsed to 36.4 million units, a 30.2% decline YoY. Meanwhile, Huawei was the top smartphone manufacturer in the world for the first three months, recording positive growth. It should now make sense to Zero Hedge readers why President Trump and corporate elitists have waged an economic war on China; it's due to a rising China

    As with Russia, pompous, hubris-filled western elites and their mouthpieces are deluded that China is some banana republic dependent on
    exports. China's biggest market is domestic and it drives its GDP growth. This is rather easy to see since the country has 1.4 billion
    people. Its middle class growth potential is enormous and will eclipse the combined middle class of NATO.

    Also, as with Russia, NATO hyenas woke up too late to notice the "threat" of growth. These criminally insane idiots will need to
    perpetrate a genocide of Russia and China to keep their gravy train of world domination going. Too bad for these maggots that they
    will be wiped out at the same time they try to pull any such stunt.


    Aristide
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    Post  Aristide on Thu May 23, 2019 12:56 pm

    kvs wrote:https://www.zerohedge.com/news/2019-05-23/iphones-are-now-embarrassing-china-trade-war-deepens

    Hilarious delusion about China falling into a recession because of US tariffs.   It is the USA that will fall into a recession.

    Funny how inummerate is the author of the piece above.   Hwawei's domestic market volume is bigger than Apple's global market volume.

    The International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker shows Huawei shipped 206 million smartphones, 105 million in mainland China, accounting for 26.4% of the domestic market last year. Apple placed fifth in the country with 9.1%. By 1Q19, that fell to 7% compared to a 3% share gain for Huawei, according to Counterpoint.

    ...

    Apple is experiencing an innovation shortage and backlash across China. In 1Q19, iPhone shipments worldwide collapsed to 36.4 million units, a 30.2% decline YoY. Meanwhile, Huawei was the top smartphone manufacturer in the world for the first three months, recording positive growth. It should now make sense to Zero Hedge readers why President Trump and corporate elitists have waged an economic war on China; it's due to a rising China

    As with Russia, pompous, hubris-filled western elites and their mouthpieces are deluded that China is some banana republic dependent on
    exports.  China's biggest market is domestic and it drives its GDP growth.   This is rather easy to see since the country has 1.4 billion
    people.  Its middle class growth potential is enormous and will eclipse the combined middle class of NATO.  

    Also, as with Russia, NATO hyenas woke up too late to notice the "threat" of growth.  These criminally insane idiots will need to
    perpetrate a genocide of Russia and China to keep their gravy train of world domination going.  Too bad for these maggots that they
    will be wiped out at the same time they try to pull any such stunt.



    I find it interesting. Why so much hate?
    GarryB
    GarryB

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    Post  GarryB on Fri May 24, 2019 1:03 am

    Because it is deserved?
    Aristide
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    Post  Aristide on Fri May 24, 2019 1:20 am

    GarryB wrote:Because it is deserved?

    Its amusing because it is impotent hate. Like crickets hating a gecko.

    This forum has some intelligent people but i really love the crazy ones with their world domination and destruction phantasies

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