Thread: Eurasia Topics

Originally Posted by Backspin

But you don't even know that Dmitri Medvedev was the president of Russia for those years. Because the US media says Putins been the president for 20+ years.

But but Medvedev was just a placeholder you'll say. Yeah ? Does that mean Karl Rove or Dick Cheney was the president in the Bush years ? Because Bush was just a placeholder for them ?

I'm just surprised the Ob/Gyn didn't notice how blue you'd gone.

When you click on a thread and see that Klondick and Backspin are the last two posters.

*no smiley available*

Originally Posted by hallelujah

When you click on a thread and see that Klondick and Backspin are the last two posters.

Yup, add OhOh to it if the subject is anything serious . . . at least with chico you'll click to see the human car accident

Originally Posted by harrybarracuda

I'm just surprised the Ob/Gyn didn't notice how blue you'd gone.

Ad homenim

Whilst in an arguement, to avoid the point (thus a cop-out) and to insult the person arguing. Often because the person who results to the insults has no logical/intelligent point, thus they break down to immaturity.

Originally Posted by hallelujah

When you click on a thread and see that Klondick and Backspin are the last two posters.

*no smiley available*

Adhominems are used by immature and/or unintelligent people because they are unable to counter their opponent using logic and intelligence.

Originally Posted by Backspin

Ad homenim

Originally Posted by Backspin

Adhominems

Originally Posted by Backspin

Whilst in an arguement, to avoid the point

The problem is, socal, you make very few real and verifiable points, it's sometimes like you simply word-vomit and the you resemble Trump in his spewing of falsities at such a rate that disproving them simply takes too much time and can never catch up to your next onslaught of verbal diarrhoea.

You mean kinda like the "intellectual" diarrhoea that you, Ant and KW spew out ?

Originally Posted by Latindancer

You mean kinda like the "intellectual" diarrhoea that you, Ant and KW spew out ?

Did you come up with that all by yourself? It's a bit more refined that your usal 'two faced cvnt' comment. You're replying to me yet you have Ant on your mind . . . not at all worrisome

Originally Posted by Backspin

Ad homenim

Whilst in an arguement, to avoid the point (thus a cop-out) and to insult the person arguing. Often because the person who results to the insults has no logical/intelligent point, thus they break down to immaturity.

I mean wasn't there an blood oxygen alarm or anything?

So chinky attempts at intimidating Australia continue in revenge for it standing up to dubious chinky deals with local governments.

China launches second Australian wine probe amid tensions - BBC News

Australia to tighten rules on states''' and universities''' foreign deals - BBC News

Meanwhile the chinkies are still trying to grab a bit more of India, self-entitled pricks that they are.

(Bloomberg) -- India said its troops clashed with Chinese solders along their contested Himalayan border after the People’s Liberation Army violated diplomatic and military agreements on the undemarcated area.
The Chinese troops carried out “provocative military movements” late on Saturday night, India’s Defense Ministry said in a statement Monday. India’s stock market pared gains with the benchmark S&P BSE Sensex dropping 0.7% at 12:03 p.m. in Mumbai, while the rupee weakened 0.4% after the news.
The latest skirmish between the two sides, who have engaged in a border stand-off since May, took place along the Southern bank of the Pangong Tso -- a glacial lake at 14,000 feet -- along the 3,488 kilometer (2,162 mile) Line of Actual Control. Both India and China have moved thousands of troops, tanks, artillery guns and fighter jets close to the border.
The number of casualties or captured is not yet clear, and while there’s a high-level military meeting in progress to resolve the tensions, India’s military is fully deployed along the disputed border.
Indian troops “undertook measures to strengthen our positions and thwart Chinese intentions to unilaterally change facts on ground,” the ministry said, noting it would not release any further details to “maintain operational security.”
India and China’s worst dispute in four decades culminated in the death of 20 Indian soldiers and an unknown number of Chinese soldiers in an ugly battle on June 15.
Since then tensions have continued to simmer, with India revealing in late July it was positioning an additional 35,000 troops along the border as the possibility of an early resolution to the deadly tensions between the two neighbors faded.

India and Chinese Troops Clash on Disputed Himalayan Border - BNN Bloomberg

Originally Posted by harrybarracuda

So chinky attempts at intimidating Australia continue in revenge for it standing up to dubious chinky deals with local governments.

China launches second Australian wine probe amid tensions - BBC News

Australia to tighten rules on states''' and universities''' foreign deals - BBC News

Through the phony exchange rate mechanism , the US and Australia allowed China to become their biggest trade partner. Who's fault is that ?

Originally Posted by Backspin

Through the phony exchange rate mechanism , the US and Australia allowed China to become their biggest trade partner. Who's fault is that ?

Yours?

I think Eric Blair definitely had Putin and Mr. Shithole in mind when he formulated Eurasia and Eastasia.

^I thought the same 40 years ago. No longer now... Some others...

Some may see more recent "developments" indicating ameristani actions to debase it's currency, unveiled behind a "useful new" set of manipulations:

The Quiet American Reset
Alastair Crooke August 24, 2020

"The great de-coupling is here. The U.S. now has plan a to purge Chinese tech companies fully from America’s internet, creating what the Trump administration has dubbed the Clean Network. It mirrors the White House’s existing 5G Clean Path initiative to remove all Chinese components from systems ‘everywhere’, and which now extends it to everything tech on the ‘net.China fears a financial ‘Iron Curtain’ is about to fall – a complete expulsion from the dollar sphere. In fact, soft capital control is already birthing, with Bloomberg reporting that the U.S. is now asking colleges and universities to divest from Chinese holdings in their endowments, “warning schools in a letter this last week, to get ahead of potentially more onerous measures [coming] on those holding the shares”.

Reportedly, the Chinese leadership annual August Beidaihe retreat, agreed (should the recommendations be subsequently endorsed at the Central Committee plenum in October) that China should prepare for war; build food and energy reserves; establish the Eurasian continental economic system, recover its overseas gold and broaden the global RMB settlement system (including its digital Yuan) – and prepare for the complete interruption of relations with the U.S.

Yet, whilst the media focus is all on this ‘tech’ and ‘sphere’ de-coupling, something profound – and quite separate – is already shaping the global monetary order (quite apart from likely Chinese exclusion). It is set, in the longer term, to be more revolutionary – and contentious – than even ‘de-coupling’. It is getting sparse attention.

However, as it becomes ever more evident that no ‘V’ shaped economic rebound will be arriving soon – as the U.S. ‘house’ catches fire again with Coronavirus over the autumn and winter, presaging a further economic closedown – the chances are that this bombshell will indeed ignite. First, a little background:

Earlier this month, Zero Hedge published a remarkable interview with two former Fed economists – Simon Potter (who was also the former head of the Fed’s Plunge Protection Team for many years) and Julia Coronado – both of whom have tremendous impact on thinking at the Fed.

They hinted at the Fed’s ‘last ditch’ stimulus and bailout strategy (i.e. should the U.S. economy be further stalled by Coronavirus): It is ‘to wire’ digital money directly into Americans’ smartphone financial apps, bypassing the banking system entirely. “The two propose creating a monetary tool that they call ‘recession insurance bonds’, which draw on some of the advances in digital payments and ‘wired’ instantly to Americans”:

“As Coronado explains the details, Congress would grant the Federal Reserve an additional tool for providing support — say, a percent of GDP [in a lump sum that would be divided equally and distributed] to households in a recession. Recession insurance bonds would be zero-coupon securities, a contingent asset of households that would basically lie in wait. The trigger could be reaching the zero lower bound on interest rates or, as economist Claudia Sahm has proposed, a 0.5 percentage point increase in the unemployment rate. The Fed would then activate the securities and deposit the funds digitally in households’ apps.

“As Potter then elucidates: “it took Congress too long to get money to people, and it’s too clunky. We need a separate infrastructure. The Fed could buy the bonds quickly without going to the private market. On March 15 they could have said interest rates are now at zero, we’re activating X amount of the bonds, and we’ll be tracking the unemployment rate—if it increases above this level, we’ll buy more. The bonds will be on the asset side of the Fed’s balance sheet; the digital dollars in people’s accounts will be on the liability side.””

Then, just days later, Federal Reserve Governor, Lael Brainard, hinted once again at the coming monetary revolution:

“To enhance understanding of digital currencies, the Federal Reserve Bank of Boston is collaborating with researchers at MIT, in a multi-year effort to build and test a hypothetical digital currency oriented to central bank uses … It is important to understand how the existing provisions of the Federal Reserve Act with regard to currency issuance apply to a CBDC and whether a CBDC would have legal tender status, depending on the design”.

So what would prompt the Fed to pursue “this significant policy process”? Why – another leg down, resulting from an upsurge in Covid-19, of course. The last bailout was not just “clunky”, it sent stocks and bonds soaring skyward. And has severed asset prices from any connection to metrics of value, from fundamentals, and from analysis (and did do not much either for ordinary Americans). What we now have, therefore, is a market focussed only on narratives, and not on reality. This has implications, too.

The prospect of the Fed ‘printing’ digital dollars, wired to peoples’ cash-pay apps, as a new stimulus mechanism – replete with the overtones of a ‘Davos Reset’ formula for moving toward a digital, global Universal Basic Income model is obvious – as is the political temptation for politicos to pay for all sorts of political ‘projects’ in this way.
Yet this is only a half of the ‘Revolution’ – two other components are already ‘done’. Two tipping-points have been passed. Firstly, people can see (with Boomer entitlement spending about to soar into the Trillions), that the U.S. government cannot support the debt burden without having the central bank simply ‘print’ more money. Many on Wall Street will see this as the solution: Putting digital money directly onto apps must be inflationary, they believe. And inflation can melt away America’s debt-load through de-basing the currency.

Secondly, in April, the Fed already changed the Supplementary Leverage Ratios (SLR) to exempt U.S. Treasuries from capital-ratio requirements. In simple English, this means that commercial banks can buy any amount of U.S. government debt instruments, without putting aside capital on their balance sheet, to support such purchases. So that (as long as rates are even marginally positive) they can buy and enjoy a nominal income. In June, U.S. banks increased their U.S. Treasuries by 48%. Effectively, the Fed facilitates the credit creation; the banks use it to buy Treasuries; and the government then spends the money.

Magic. Like the Mad Hatter’s tea-party – out of thin air, things appear. Not once, but twice: as a similar trick was done by the Fed via multiplying the value of Treasury bails out – by providing credit on a 10:1 basis to the Treasury’s special purpose vehicle. (The Fed says this is not direct spending, which would be illegal).

So, let’s try putting all this into some sort of order:

Firstly, America has already started down the path towards a nationalised (centrally-managed) economy – rather like China’s. The Treasury and Blackrock Hedge Fund, (who manage the Congressional bails out distribution on behalf of the Treasury), now make the (economic) life-or-death decisions for U.S. businesses – from the very big, down to the very small.

This is a ‘great reset’. And like most temporary measures, it is likely here to stay. What’s not to like from the U.S. President’s point of view? He controls ‘money’ issuance now that the Treasury and Fed effectively are fused together, and can ‘steer’ the U.S. economy in a ‘national-interest’ direction during its tech war with China (and Europe). Free markets? They do not exist in America at this point.

Secondly, this financial war is already underway, and China will likely use its CIPS (financial clearing system) and its Central Bank initiated digital yuan (already in use) to circumvent SWIFT and the USD. Except this will mean others being paid in a non-fungible digital currency that can only be recirculated back to China for its goods. Or, maybe not? Like China’s Shanghai oil futures market, foreign sellers may be given the option to hold their sale proceeds either in Chinese debt instruments, or, to exit their Yuan via the physical gold market.

But, apart from U.S. and China, Russia, Italy, Iran and UK are, amongst others, planning their own CBDCs. Are we moving then – in an era of enhanced financial war – towards multiple, non or quasi, fungible digitalised of means of payment, as the new normal?

Third, the world again is demanding gold in exchange for U.S. dollars. And the Fed’s primary dealers – some of which operate as bullion banks — seem unable to comply. But with the advent of the Coronavirus, the U.S. financial system has been forced to lower real interest rates down into negative territory, causing gold to look more attractive than holding devaluing U.S. Treasuries.

Traditionally, the Fed controls the gold market to prevent gold from effectively competing with, or displacing, the U.S. dollar as the primordial monetary instrument. But someone, or some entity somewhere, is now battling the U.S. central bank for that control. In short, the Fed’s manipulation process presently is failing. And unless the Fed can suppress the price of gold, and regain control, we may see an escalating, downward spiral in the value of the dollar vis à vis gold.

Here – finally – we come to the crux. In outlining the monetary ‘revolution’ taking place in the U.S., there is much in it for the Wall Street ‘Davos’ contingent to like: the move from traditional money into digital; Central Banks issuing digital money (though the ‘Davos’ crowd would prefer that to be done by a global authority); the end of cash; and the system-control and transparency that digitisation would allow. Some of this – such as the political instrumentalisation of smartphone apps – have been given a push by the Coronavirus.

But the U.S. Establishment is deeply split: Yes, there is a powerful, Wall Street, globalist component who support Davos, but others in the Deep State, including some amongst the neo-cons, would rather die-in-a-ditch than see U.S. dollar hegemony lost – amidst the undoubted exigencies of the present economic recession. These tend to be Trump supporters.

So let us put the final pieces into place: U.S. asset markets are presently unhinged from all fundamentals, and ruled by a ‘don’t fight the narrative’, and existential fear of potentially ‘missing out’. In other words, the un-anchored stock market highs – on which Trump’s re-election hopes are pinned – are highly vulnerable. Sentiment can shift in the flash of an eyelid from an adrenalin-fuelled ‘fight’ mode, to ‘flight’.

All that is needed is a changed narrative. And what narrative might that be?

Well, the ‘Sage’ of Omaha, Warren Buffet, this week dropped a very unexpected narrative:

Not known as a ‘gold bug’, he was shown to have dumped stocks and bought gold, and gold-miners. So, who next for sparking the October market sell off, as the dollar continues to spiral downwards, and interest rates edge upwards?

Mr Soros may be smiling?"

https://www.strategic-culture.org/ne...merican-reset/

Chinkies whining and HooHoo whinging about the "Deep State".

Great thread this one.

God the sooner baldy orange cunto goes, the sooner these wafflers will have fuck all to waffle about.

Originally Posted by harrybarracuda

God the sooner baldy orange cunto goes

Although my post has moved.

What makes you believe if he is dumped, things will change?

Originally Posted by OhOh

Although my post has moved.

What makes you believe if he is dumped, things will change?

Because he's made the seppos an easy target for the waffling of excitable whackjobs.

Originally Posted by harrybarracuda

Because he's made the seppos an easy target

But he is allegedly, the "most powerful man in the world". Able at a moments notice to win any war, including small Caribbean Islands.