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12/11/22
22:14
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Originally posted by Baron1
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"Debt can be lower and even forgiven"
Good luck with that never seen it in our capitalist societies except maybe during war time (hint hint)? Interestingly though China never ran the printing presses non stop nor dropped their interest rates to zero percent. They own how much of the US debt? Good luck with asking them when they preparing to bring the West down.
Hate to say it but the West for too long lived on the back of the rest of the world. Now they not very liked hence you see OPEC helping Russia and China, India refusing to back the West against them, Solomon Islands backing China and even Africa buying Russian goods in defiance of our sanctions (don't get me started on the Middle East).
This market running only on greed, until it all comes down hard, is the perfect example of why you seeing historians now referring to the West as Rome just before the big fall hehehe. Markets and traders worried about 24 hour timeframes (greed) and ignoring what is really going on in the world. Lot of geo political issues to start dropping soon enough.
P.S. Bulls don't realise China being closed is a good thing. If they open wait for the retaliation over all the US trade sanctions they have been using to try to break them. China always retaliates and it coming as soon as they open (maybe Taiwan closer than you think). Good luck but really going to be a lot of pain coming in 2023 for markets.
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OPEC isn't helping anyone but themselves as they've done in the past by manipulating the price of oil with production which they've always done. If they were "helping" China and Russia, they wouldn't have cut production when the oil price was as high as $120 USD. The Solomon Island has changed their stance on China and India and African are getting cheap energy from Russia as they have a massive excess since the EU aren't buying the amount they used to at market price so who could blame them for getting cheap discount.
Last edited by
AlCp :
12/11/22