"Whenever you find yourself on the side of the majority, it is time to pause and reflect,"
China doesn't have much in terms of %, allegedly 13 to 15% and they would easily be bought by the unexceptional countries domestic central bank, domestic financial companies, domestic MBSs etc. Presumable held by domestic pensions funds as security for future payment.
From an article discussing just this question:
Foreign buyers are reducing new purchases
being replaced by domestic i.e. US, purchasers:
Compare this historic purchasers graph:
and this one from more recent years:
The articles conclusion is this:
"Now that we actually have to fund our debt, the reality is hitting home and diverting attention to “penguins on the telly” will do us no good.
If foreign investors remain uninterested and the Fed avoids restarting QE, this situation will become much more obvious. Regardless, history is chock full of warnings about countries that continuously spent more than they had.
Simply, it is completely unsustainable and the investment implications across all assets are meaningful."
https://www.zerohedge.com/news/2019-...ding-uncle-sam
A tray full of GOLD is not worth a moment in time.
Zerohedge, fucking hell, you're not still peddling their crap are you?
Try reading it prior to posting your insecurities here.
The very first line indicates to most who wrote the piece.
"Authored by Michael Lebowitz via RealInvestmentAdvice.com,"
It appears from a first scan to be the same article i.e. no ZH editing.
In addition the information discussed/displayed is taken from official ameristani government sources, "Data Courtesy St. Louis Federal Reserve", or are you suggesting one should view those identified sources, as manipulated garbage?
Last edited by OhOh; 14-06-2019 at 10:20 AM.
Sticks and stones ......
Comment on the validity of the St. Louis Federal Reserve is of course invisible to some posters.
I love HoHo. He finds whackjob shit on the interwebs and posts it as if he is somehow knowledgeable on the subject.
Very ENT.
HoHo this thread is about the dirty chinky parasites spying on everyone, and you're trying to hijack it with some bollocks about how bad the economy is.
FFS we all know baldy orange cunto's tariffs are fucking shit up, you don't need to go cutting and pasting bollocks from your whackjob websites for people to know that.
5G is very interesting because you can be downloading in 3 seconds it tells
My opinion of the evil ones didn't start with the most recent incarnation. It's been there for centuries. But I digress from the thread topic.
You maybe willing to answer this, being a subject authority, I believe?
What differences would a normal device user notice if the phone operating system was changed.
For example most APP vendors produce a version suitable for certain phone manufacturers. The larger the manufacturers user base presumably sets the development speed/queue position.
The phones all seem to have similar, but not exactly the same user interface with the OS and Apps. Apps presumably are tailored to the interface rather than the OS and many may be downloaded directly from the APP developers.
Last edited by OhOh; 15-06-2019 at 04:57 PM.
Somewhat earlier I suggest;
Canada–United States Free Trade Agreement
"Starting in 1855, while Canada was under British control, free trade was implemented between the colonies of British North America and the United States under the Reciprocity Treaty. In 1866, a year before Canadian Confederation, the United States Congress voted to cancel the treaty. Canada's first Prime Minister, John A. Macdonald, the protectionist National Policy attempted and failed to reinstate reciprocity, after which the government moved to a more protectionist policy. Fears grew among many politicians that closer economic ties with the United States would lead to political annexation.[3]"
https://en.wikipedia.org/wiki/Canada...rade_Agreement
I suspect there was always tussles over it and any other Trade Agreements, bilateral or international.
US tech giants are losing billions, quietly lobby to ease Huawei ban report
"Highly concerned over an imminent loss of billions of dollars in trade with Huawei, Silicon Valley giants have been quietly lobbying the Trump administration to ease its ban on sales of components to the Chinese tech firm.
Huawei spent about $11 billion last year buying components from dozens of US companies, including chips from Qualcomm, as well as software from Microsoft and Google. American firms are set to lose that business once their 90-day temporary licenses, granted following Washingtons blacklisting of Huawei and 70 of its subsidiaries, expire on August 20.
To prevent that from happening, major US chip makers such as Intel, Qualcomm and Xilinx have quietly lobbied the Commerce Department to ease its ban on sales to the Chinese firm, Reuters reported, citing anonymous industry sources.
This isnt about helping Huawei. Its about preventing harm to American companies.While the details of the negotiations have not been revealed, Huawei stressed that it has not asked its American business partners to lobby on their behalf.
Theyre doing it by their own desire because, for many of them, Huawei is one of their major customers, Andrew Williamson, Huawei's vice president of public affairs, explained. He said that losing the Chinese market will have catastrophic consequences for some of them.
The Semiconductor Industry Association (SIA) confirmed ongoing meetings between chip manufacturers and administration officials, which started almost immediately after the US blacklisted Huawei in May, while the Commerce Department said that such talks have no influence over law enforcement actions.
For technologies that do not relate to national security, it seems they shouldnt fall within the scope of the order, Jimmy Goodrich, vice president of global policy at SIA, explained. And we have conveyed this perspective to government."
https://www.rt.com/business/462026-c...-lobby-huawei/
Last edited by OhOh; 19-06-2019 at 11:13 AM.
Better safe than sorry. 5G should be banned anyway, it's going to give everyone cancer.
The history of one failing empire being repeated?
A Manufacturing War Between the UK and Germany in the 19th Century Set the Stage For Today’s Trade Crisis
"Today, the word “globalism” is on everyone’s’ mind. Some fear a world increasingly dependent on foreign trade. Others worry about domestic industries dying due to over-seas competition. Many are anxious about what a changing economy will mean for their material prospects. Do we allow free trade to flourish despite possible negative consequences for some of our industries at home in the hopes that other domestic business will change and grow as the world becomes more interdependent?
Do we tax imports in order to make our own goods and services more competitive? Or perhaps should we retreat, at least a little bit from global trade in order to reverse the trend of interdependence and globalism?
These questions and concerns seem so modern; so current. And indeed they are. However, they are not as modern as they seem. For centuries, politicians, economists and everyday citizens have been asking the same basic questions. Even more importantly, they have been coming up with many of the same solutions, often with disastrous results.
One such misadventure took place in Great Britain, home of the industrial revolution and birthplace of the modern economic world. In the 19th Century, the British were known for their quality manufactured goods. In fact, as far back as the late 1700’s Great Britain was known as the “workshop of the world”. Revolutions in transportation, plentiful human labor, easy access to key raw materials, rapid advancements in technology and engineering combined with a sympathetic government made a perfect recipe for the creation of the first modern economy.
Finished goods from Britain were the best in the world, known for their quality and value. Everything from large items like railroad parts and locomotives to a multitude of smaller items like furniture, mirrors, silverware and linen were sold throughout the world. Even trivial items such as belt buckles, buttons and little ribbons flooded domestic and international markets. This dominance lasted decade after decade. The British were so used to their business superiority that many began to panic when a new competitor began to challenge the dominance of the British economic colossus. What was the name of this culprit? Germany.
Germans were experiencing massive changes as well. For most of history, a unified German state like the one that we know today did not exist. Instead, a series of smaller, regional states collectively made up a German cultural and language area in the middle of Europe. These smaller German countries were usually unable to threaten lager countries like Great Britain or France due to high taxation and general lack of coordination between states.
All this changed radically in 1871. That year, a powerful politician by the name of Otto Von Bismarck succeeded in a final push to unify Germany, creating a massive and powerful new state right in the center of Europe. It was not long before a greater Germany began to flex its business muscle.
In the beginning, even before German unification, many of their items were either of poor quality or directly copied by secretly replicating successful British business practices. German industrial spies were cunning and ruthless. Famous businessmen such as steel magnate Alfred Krupp, entered Britain under a false name and immediately began taking notes. He used flattery and behaved as nicely and kindly as possible, winning the trust of his British hosts who happily and proudly showed this kind German man all of their successes.
Krupp himself wrote: “the proprietor was flattered that two such smart friends should deign to visit his works.” Germans like Krupp came back from their “study tours” flush stolen information, eager to start competing with their foreign rivals.
The British soon saw German goods flooding markets all around the world, including their own. Many of these items were not just cheaply made, but were mislabeled as well. Some German factories were creating products falsely labeled as made in Great Britain. When it was discovered that Germans were marking scissors, knives and other cutlery as “Sheffield Made”, British businessmen were outraged. Dining ware made in Sheffield was the pride of British manufacturing. A movement began to punish Germans for their shameful theft of industrial ideas and iconic brands.
But there was an even greater, more long-term problem that the British faced when it came to German products. While some German products were poorly-made, or fraudulent, other products were steadily growing in quality. As time went on, many were often as good as or even better than the domestic items that Britons were used to buying.
The paradoxical combination of good, high-quality German imports as well as mislabeled foreign fakes of German origin prompted British politicians to take action. By 1887 the worry was so great that British lawmakers passed the “Merchandise Marks Act”, which forced manufactured goods to state the country of origin. Clearly, this law was passed in order to protect domestic manufacturers. However, there was an unintended consequence to this action.
Though the bill was supposed to protect against cheap knock-offs, something surprising happened. British consumers already developed a taste for German goods. Once the act was passed, even more Britons than before were aware of the amount of German goods they were actually buying. Even the patriotic impulse to buy domestic goods could not stop the desire to buy increasingly excellent German products. Instead of slowing down the consumption of German products, German exports continued to increase. Slowly but continuously, the manufacturer’s mark “Made in Germany” developed into a mark of quality.
By the early 20th Century, the “Made in Germany” mark was already seen as a powerful and recognizable marketing tool. A newspaper article from the Spectator (of British origin) published a conversation occurring in 1907, in which a British man traveling in Germany had a discussion with a German merchant about trade between their two countries. The German exclaimed:
“Now look at your Merchandise Marks Act! It didn’t do what was meant… You passed it to protect your industries, but in fact it has protected ours, for …it showed the traders of the world where the goods were really made”. The same merchant went on to claim that international trade was making Germany so strong that soon there would be a military showdown between to two countries for dominance of the seas, and that the completion may even result in a general war. His remarks are now chilling as war between Britain and Germany as well as many others, broke out just seven years later, with the beginning of WWI.
130 years ago, the British demanded a labeling campaign in an attempt to dissuade domestic consumers from buying foreign goods, out of fear that Germans were selling too many products. Similarly, just a generation ago many Americans were terrified of the Japanese and their auto and audio-visual industries. It did not help that by the 1980’s the Japanese were using their profits to invest in U.S. real estate.
Today, trade with places like China is a big source of concern and stress. Just like early German products, Chinese goods are considered cheaper and of lower-quality. And yet, Americans buy these items with a voracious and unyielding appetite. The Chinese are even known for stealing American intellectual property, much in the same way Germans copied and mislabeled their products so long ago.
As a result, some loudly call for restrictions on trade in a variety of ways. But will changes in trade policy stop inappropriate Chinese practices? Perhaps they may. However, the Chinese may shift their focus to higher-quality products, making them irresistible to Americans markets no matter what our policies may be, thusly transforming the Chinese economy into an even more powerful force, as did the Germans.
Just like the government action that led to labeling demands in Britain, artificial trade barriers have an odd way of causing all sorts of unintended consequences. Material desire is far more powerful than the fanciful aspirations of politicians. Perhaps excitable politicians should be careful for what they wish… "
https://historycollection.co/now-loo...ise-marks-act/
Trade wars aren't a bad thing.
It's how we got Port, thanks to the cheese eating surrender monkeys refusing to sell us wine.
Huawei ready to ink ‘no-back-door’ agreement with Indian govt to abate spying fears
Published time: 25 Jun, 2019
India's PM Narendra Modi takes a "selfie" with a mobile phone © Reuters / Amit Dave
Chinese telecom giant Huawei, which has been accused by the US over alleged breaches of sensitive user information, has said it is ready to sign a ‘no-back-door’ pact with the government of India.
A ‘back door’ in technology products refers to a feature that allows unauthorized access to customers’ data.
Huawei’s business engagement in India is under scrutiny by the government after Washington restricted the Chinese company’s hardware and software supplies.
“We are proposing to the Indian government that we are ready to sign a ‘no-back-door’ agreement. We encourage other OEMs (original equipment manufacturers) also to sign this kind of agreement with the government and telecom operators,” Huawei’s CEO for India operations, Jay Chen, was quoted as saying by the Economic Times.
Since last year, the US has been pressing its allies to ban Huawei from 5G rollouts on suspicion that the Chinese government used the company as a vehicle for spying. Huawei and Beijing have strongly denied the accusations.
Some countries like Australia and Japan have barred Huawei, while others, including India, are yet to take a decision on whether to permit its 5G rollouts.
Huawei has teamed up with Vodafone Idea in India to conduct trials for the 5G services. Earlier this month, India’s telecom minister, Ravi Shankar Prasad, said the government would take “a firm view" on Huawei’s participation.
“We want a level playing field. I firmly believe that the Indian government will allocate spectrum for trials to everyone at one go and not differentiate based on vendors. India can’t afford to work with select vendors for another 10 years when it is aspiring to become the third largest economy of the world,” Chen said.
According to Indian daily Mint, Huawei’s CEO said ironically: “We should appreciate Donald Trump and the US government for making Huawei too popular.”
https://www.rt.com/business/462625-h...ess-agreement/
Port is cheap sweet wine for bored housewives,
are you one of them harry?
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