War

west doesn't have money.
west has debt.
brush up on your mandarin for when they come to collect.



side note
wish i saw this during the pandemic i would've put lots of money in.
i bet in on the upswing.
buy low! sell high!
don't play the player, play the man...

west doesn't have money.
west has debt.
brush up on your mandarin for when they come to collect.



side note
wish i saw this during the pandemic i would've put lots of money in.
i bet in on the upswing.
buy low! sell high!
don't play the player, play the man...

Quote from: Themightykabool on March 15, 2022, 11:20:31 PM

west doesn't have money.
west has debt.
brush up on your mandarin for when they come to collect.



side note
wish i saw this during the pandemic i would've put lots of money in.
i bet in on the upswing.
buy low! sell high!
don't play the player, play the man...

Well if you think the West has nothing but debt to offer China, then China won't give a fuck if the West isolates them from existence like we are doing to Russia

Quote from: Themightykabool on March 15, 2022, 11:20:31 PM

west doesn't have money.
west has debt.
brush up on your mandarin for when they come to collect.



side note
wish i saw this during the pandemic i would've put lots of money in.
i bet in on the upswing.
buy low! sell high!
don't play the player, play the man...

You do know the trade deficit is not an actual debt, right?

Quote from: Lorddave on March 16, 2022, 12:04:12 AM

Quote from: Themightykabool on March 15, 2022, 11:20:31 PM

west doesn't have money.
west has debt.
brush up on your mandarin for when they come to collect.



side note
wish i saw this during the pandemic i would've put lots of money in.
i bet in on the upswing.
buy low! sell high!
don't play the player, play the man...

You do know the trade deficit is not an actual debt, right?

i've only seen half of the vid so far.
but if you'r ref the trade deficit vs borrowing - yes two different things.

also back to the same thing - does a trade deficit become a debt if the purchase is made in debt vs actual cash?
much of china's money makers have been gov't absorbed and become "state owned/ subsidized utilities".
are they accepting purchases in exchange for debt?

Quote from: Lorddave on March 16, 2022, 12:04:12 AM

Quote from: Themightykabool on March 15, 2022, 11:20:31 PM

west doesn't have money.
west has debt.
brush up on your mandarin for when they come to collect.



side note
wish i saw this during the pandemic i would've put lots of money in.
i bet in on the upswing.
buy low! sell high!
don't play the player, play the man...

You do know the trade deficit is not an actual debt, right?

i've only seen half of the vid so far.
but if you'r ref the trade deficit vs borrowing - yes two different things.

also back to the same thing - does a trade deficit become a debt if the purchase is made in debt vs actual cash?
much of china's money makers have been gov't absorbed and become "state owned/ subsidized utilities".
are they accepting purchases in exchange for debt?

There have been claims that China had prior knowledge of Russia’s military action and demanded Russia delay it until the Winter Olympics concluded. Recent rumors further claimed that Russia was seeking military assistance from China. Let me say this responsibly: Assertions that China knew about, acquiesced to or tacitly supported this war are purely disinformation. All these claims serve only the purpose of shifting blame to and slinging mud at China.

On Ukraine, China’s position is objective and impartial: The purposes and principles of the U.N. Charter must be fully observed; the sovereignty and territorial integrity of all countries, including Ukraine, must be respected; the legitimate security concerns of all countries must be taken seriously

Some people are linking Taiwan and Ukraine to play up the risks of a conflict in the Taiwan Strait. This is a mistake. These are totally different things. Ukraine is a sovereign state, while Taiwan is an inseparable part of China’s territory. The Taiwan question is a Chinese internal affair. It does not make sense for people to emphasize the principle of sovereignty on Ukraine while hurting China’s sovereignty and territorial integrity on Taiwan. The future of Taiwan lies in peaceful development of cross-Strait relations and the reunification of China. We are committed to peaceful reunification, but we also retain all options to curb “Taiwan independence.” We hope the United States earnestly abides by the one-China principle and does not support “Taiwan independence” separatism in any form. To ensure long-term peace and stability across the Taiwan Strait, China and the United States must work together to contain “Taiwan independence.”

brush up on your mandarin for when they come to collect.

Quote from: Themightykabool on March 15, 2022, 11:20:31 PM

brush up on your mandarin for when they come to collect.

What?  Only 3.6% of USA debt is owned by China.  This is in the form of U.S. Treasury bonds - it can't "call in" this debt like some loan shark.  They will get paid for them when they mature, like everyone else.

They could go and dump these on the market, but that would cause them to rapidly lose value, meaning they will be killing their own asset.  It would also probably weaken the dollar, making Chinese exports more expensive to Americans - therefore reducing demand.  It is something they could possibly do if the trade war gets really nasty, but it's a bit like setting off a nuclear weapon in that everyone gets fucked.

Most American debt is owed to the American public.  You own $22T of debt.  You should call it in.

I think kabool is of a more northern persuasion

https://www.washingtonpost.com/opinions/2022/03/15/china-ambassador-us-where-we-stand-in-ukraine/

The Chinese ambassador has published a statement on their stance regarding Ukraine.  It's disturbing that he's put so little effort into it.

Quote

There have been claims that China had prior knowledge of Russia’s military action and demanded Russia delay it until the Winter Olympics concluded. Recent rumors further claimed that Russia was seeking military assistance from China. Let me say this responsibly: Assertions that China knew about, acquiesced to or tacitly supported this war are purely disinformation. All these claims serve only the purpose of shifting blame to and slinging mud at China.

Why would we lie about something like that?

Quote

On Ukraine, China’s position is objective and impartial: The purposes and principles of the U.N. Charter must be fully observed; the sovereignty and territorial integrity of all countries, including Ukraine, must be respected; the legitimate security concerns of all countries must be taken seriously

This sounds like fence sitting nonsense.  It reminds me of responding to police violence by saying all lives matter.

Quote

Some people are linking Taiwan and Ukraine to play up the risks of a conflict in the Taiwan Strait. This is a mistake. These are totally different things. Ukraine is a sovereign state, while Taiwan is an inseparable part of China’s territory. The Taiwan question is a Chinese internal affair. It does not make sense for people to emphasize the principle of sovereignty on Ukraine while hurting China’s sovereignty and territorial integrity on Taiwan. The future of Taiwan lies in peaceful development of cross-Strait relations and the reunification of China. We are committed to peaceful reunification, but we also retain all options to curb “Taiwan independence.” We hope the United States earnestly abides by the one-China principle and does not support “Taiwan independence” separatism in any form. To ensure long-term peace and stability across the Taiwan Strait, China and the United States must work together to contain “Taiwan independence.”

They are definitely invading Taiwan.

Quote from: JimmyTheCrab on March 16, 2022, 06:33:23 AM

Quote from: Themightykabool on March 15, 2022, 11:20:31 PM

brush up on your mandarin for when they come to collect.

What?  Only 3.6% of USA debt is owned by China.  This is in the form of U.S. Treasury bonds - it can't "call in" this debt like some loan shark.  They will get paid for them when they mature, like everyone else.

They could go and dump these on the market, but that would cause them to rapidly lose value, meaning they will be killing their own asset.  It would also probably weaken the dollar, making Chinese exports more expensive to Americans - therefore reducing demand.  It is something they could possibly do if the trade war gets really nasty, but it's a bit like setting off a nuclear weapon in that everyone gets fucked.

Most American debt is owed to the American public.  You own $22T of debt.  You should call it in.

I think kabool is of a more northern persuasion, and I don't know how much US debt Canada owns but I'm certain it is significantly less than $22T.

Quote from: Crouton on March 16, 2022, 05:55:29 AM

https://www.washingtonpost.com/opinions/2022/03/15/china-ambassador-us-where-we-stand-in-ukraine/

The Chinese ambassador has published a statement on their stance regarding Ukraine.  It's disturbing that he's put so little effort into it.

Quote

There have been claims that China had prior knowledge of Russia’s military action and demanded Russia delay it until the Winter Olympics concluded. Recent rumors further claimed that Russia was seeking military assistance from China. Let me say this responsibly: Assertions that China knew about, acquiesced to or tacitly supported this war are purely disinformation. All these claims serve only the purpose of shifting blame to and slinging mud at China.

Why would we lie about something like that?

Why wouldn't we?  This weakens China, which helps America.  Win-Win.

Quote

Quote

On Ukraine, China’s position is objective and impartial: The purposes and principles of the U.N. Charter must be fully observed; the sovereignty and territorial integrity of all countries, including Ukraine, must be respected; the legitimate security concerns of all countries must be taken seriously

This sounds like fence sitting nonsense.  It reminds me of responding to police violence by saying all lives matter.

Oh it is.
But I don't blame them from not wanting to piss off their northern neighbor who has shown they have no issues invading other countries.

Quote

Quote

Some people are linking Taiwan and Ukraine to play up the risks of a conflict in the Taiwan Strait. This is a mistake. These are totally different things. Ukraine is a sovereign state, while Taiwan is an inseparable part of China’s territory. The Taiwan question is a Chinese internal affair. It does not make sense for people to emphasize the principle of sovereignty on Ukraine while hurting China’s sovereignty and territorial integrity on Taiwan. The future of Taiwan lies in peaceful development of cross-Strait relations and the reunification of China. We are committed to peaceful reunification, but we also retain all options to curb “Taiwan independence.” We hope the United States earnestly abides by the one-China principle and does not support “Taiwan independence” separatism in any form. To ensure long-term peace and stability across the Taiwan Strait, China and the United States must work together to contain “Taiwan independence.”

They are definitely invading Taiwan.

"Its complicated" is probably the best answer.

I will fight every tree [...] WITH MY FISTS

You can't blame Trudeau for this one. I think Frontline restricts their videos to the US. lol

It only came out yesterday, and I don't see any mirrors yet. I'll try to remember to look for one again in a couple days.

This is good read, even though it doesn't paint a nice picture of the situation https://mattbivens.substack.com/p/america-vs-putin-to-the-last-ukrainian

Among the new aid package Biden just signed off is 100 drones. It just says drones.

Is it the kind that watch or the kind that makes things explode? If it's the latter then this is definitely some escalation.

Quote from: Space Cowgirl on March 16, 2022, 11:10:18 AM

You can't blame Trudeau for this one. I think Frontline restricts their videos to the US. lol

It only came out yesterday, and I don't see any mirrors yet. I'll try to remember to look for one again in a couple days.

This is good read, even though it doesn't paint a nice picture of the situation https://mattbivens.substack.com/p/america-vs-putin-to-the-last-ukrainian

Also Matt Taibbi unlocked this one https://taibbi.substack.com/p/orwell-was-right

Quote from: Crouton on March 16, 2022, 10:41:54 AM

Among the new aid package Biden just signed off is 100 drones. It just says drones.

Is it the kind that watch or the kind that makes things explode? If it's the latter then this is definitely some escalation.

The people of Ukraine's dedicated subreddit are saying there are a bunch of switchblade drones included in the mix, which are explody ones. Not sure if that's 100% of the drones or not.

One more clarification - this is not about oligarchs, who are essentially Putin’s serfs and in many cases were his “wallets”. When he invokes fifth column, he is talking about political opposition and dissidents. He believes that anyone who opposes him does so for villas in Miami