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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 1:52 pm

    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
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    Post  miketheterrible on Thu Jul 13, 2017 2:10 pm

    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 Tue Jan 23, 2018 4:13 am

    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 Tue Jan 23, 2018 6:29 am

    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 4:00 pm

    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 10:58 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
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    Post  kvs on Sat Mar 17, 2018 3:07 am

    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 7:55 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 3:55 pm

    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 7:56 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
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    Post  GarryB on Fri May 24, 2019 8:03 am

    Because it is deserved?
    Aristide
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    Post  Aristide on Fri May 24, 2019 8:20 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
    AlfaT8
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    Post  AlfaT8 on Wed Jul 31, 2019 12:31 am

    Looks like the German economy is going south.
    And as we all know, where Germany go's, so go's the rest of Europe.

    So Russia's preparations to resist Sanction and global economic turmoil are gonna be put to the test soon.

    GarryB
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    Post  GarryB on Wed Jul 31, 2019 6:33 am

    It is amusing because US actions against Huawei have led Huawei to look for alternatives in terms of hardware and OS options... and they are talking with Russian companies about hardware and OS as alternatives to android and windows and apple.

    China dealing with Russian companies adding the Chinese market for new Russian products would be very economically valuable for Russian companies...

    This news regarding the German economy... I wonder how long EU sanctions can last against a country that could be a direct pathway between the EU and Asia...

    Of course I also hope the Russians look to Chinese high speed train technology instead of German technology...
    higurashihougi
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    Post  higurashihougi on Wed Jul 31, 2019 8:28 am

    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.

    From what I see, the trade balance between USA and China is more or less still the same. Deficit from good trade from Jan to May 2019 is only 10% lower than the same period in 2018.

    Tariff seems not work.

    From what I heard, there is hypothesis that, trade tariff from Trump does not serve as the means of "make murica great again", but as a mean to increase government revenue from import tax. Chinese producers will pay more tax to US government, in exchange US government will maintain the domination of Chinese goods and will continue to import a great deal Chinese goods. So that both sides still have profits.

    Which means nothing really changed. US government only want to capture more surplus from the society and it does not care about domestic manufacturers at all.

    And when US government intervened to capture more surplus, instead of US private importers did it for themselves, which means the power of private importers in the US is becoming weaker and weaker than Chinese producers, they couldn't capture more surplus themselves and had to let the surplus fall into the US government.
    GarryB
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    Post  GarryB on Thu Aug 01, 2019 2:36 am

    Tarriffs only work if there is a domestic alternative... in the US market place there is no US maker of clothes that will benefit from a 25% tarriff being placed on clothes being imported from China, because all the clothes in the US market will be made in China because all the local alternatives would have gone under financially because they could never compete with China.

    The effect of US tarriffs on imported clothes coming from China is that the people in America buying clothes just get the privilege of having to pay 25% more for no extra value or quality improvement... it is the American people who pay the tarriffs...
    higurashihougi
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    Post  higurashihougi on Thu Aug 01, 2019 7:36 am

    Tariffs without any potential alternatives is effectively the government capture larger portions of surplus from the society. And if the government manage to extract huge profit from import tax, it is its incentive to import more and more.

    Just my 2 cent. pwnd pwnd
    GarryB
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    Post  GarryB on Fri Aug 02, 2019 3:03 am

    It is just an extra hidden tax that the average person has to pay... the price of clothes just went up, the price of electrical goods or cars or whatever, just went up because there are import tarriffs on them.

    The people selling wont absorb the cost, and the people that make them and export them wont absorb the cost it will be the consumers that pay the extra cost... which means the US taxpayer pays the cost... it is the same for the huge defence budget... all those shiny planes that sit on the ground because they are too expensive to actually use... they still pay for them...
    AlfaT8
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    Post  AlfaT8 on Fri Aug 02, 2019 5:37 am

    Things are already going bad where i am, my family is selling their home and moving back in with my Grandparents, while i am stuck looking for a new job.
    Similar situation happened to my cousin last year and her family.
    Prices are going up, and oddly a lot of Chinese businessman and shop owners are heading back to China.

    As for U.S tax payers, most of their money isn't going into Defense, it's going to Welfare.
    America is already in a Welfare spiral.

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