Monday, June 10, 2019
China's capacity to call Trump's bluff in trade war
The news from the international media on the US-China trade war tend to highlight POSUS Trump's slapping one block of tariff rise after another.
It is as though China is helpless. Far from it as one message reveived from a former Merchant Banker reads....
The US has an unpayable National Debt of US$22.5 Trillion rising at the rate of $1.2 Trillion a year, plus an unfunded debt of $220 Trillion.
Another $21 Trillion are missing, according to ex US Commerce Secretary, Catherine Austin-fitts.
In contrast China has a US$3.65 Trillion war chest.
If China sells all the US Treasuries and buy gold its price will jump up like a scared rabbit and US interest rates will spike to at least 8% or more.
This will crash Wall Street, ushering in a new rolling recession.
The US$900 Trillion Derivatives Monster, a financial casino, based mostly on interest rates, will also implode.
This will bankrupt not only all the major US Banks owned by the Zionist cabal but also the German Deutsch Bank and British Barclays Bank.
On 26 March 2018 China launched the yuan-based crude oil futures contract in Shanghai and the sellers of crude oil can buy gold at the Shanghai Gold Exchange using the yuan.
That meant that the yuan was already de facto backed by Gold (via the back door) since 26 March 2018.
If China uses the US$3.65 Trillion war chest to buy gold she will have more than 50,000 tons of gold and once China backs the yuan with Physical Gold at say 67,000 yuan an oz of gold or equivalent to US$10,000 an oz (at the current exchange rate) the yuan will be the new World Reserve Currency as the US dollar is backed by nothing but hot air and the printing press.
Then, it's game over as the US will be a debtor nation like Argentina as the US dollar will no longer be a world reserve currency.
So what excuses Trump uses today to start a trade war with China can turn around to bite him at the Gluteus Maximus- backside.
But will the US take all this new developments lying down and pretend to play dead? No.
So be prepared for some deadly war games between the US and China/Russia.
----------
Make America great again.
Subscribe to:
Post Comments (Atom)
My Say
-
▼
2019
(205)
-
▼
June
(12)
- Illegal application of civil forfeiture law would ...
- After Megat got the boot, time for dancing FGV Cha...
- Will Kadir Jasin be the new Felda Chairman?
- Within 3 years ... From last year or today?
- Narrative shifting to Mahathir's choice of successor
- Semburit, the movie: Neither Anwar nor Mahathir, w...
- Kit Siang cannot forget politics, Political econom...
- Post-Raya war erupt with Latheefa's appointment, A...
- Snap election is a long planned Mahathir option
- China's capacity to call Trump's bluff in trade war
- Selamat Tinggal Ramadhon, Selamat Hari Raya
- Will there be post-Raya resolution to 1MDB with Jh...
-
▼
June
(12)
2 comments:
AYOHHHH UMNO WAKE UP NOW...!!! FULL SWING FIGHTING...NOW ONLY 40% FIGHTING...!! WHERE ARE YOU UMNO DIVISION, YOUTH , PUTRI..!!!??
WAKE UP...!!! BANGUNNNN SEGERA..!! AYOH LAWAN PAKATAN HAPRAK...!!!
BANGUNNN.. WAKE UP NOW...!!!!
Terlalu banyak isu sekarang AYOHHH WAKE UP NOWWW...!! isu yang membabitkan kepentingan rakyat sekarang ini. Namun kebanyakan pemimpin UMNO memilih untuk mendiamkan diri dan sekadar menjadi pemerhati atau sekadar bercakap sepintas lalu seolah-olah mereka tidak ada idea, tiada kesedaran atau masih berasakan mereka berada dalam blok kerajaan.
Serangan-serangan bertali arus bagi mendapatkan kepercayaan rakyat dan pengundi sepertimana yang dilakukan oleh Rafizi Ramli, Tony Pua, Lim Guan Eng, Azmin Ali, Nurul Izzah, Mahathir, P.Ramasamy dan sebagainya sebelum berkuasa dahulu, langsung tidak kelihatan di dalam UMNO. UMNO yang telah memegang tampuk pentadbiran negara selama lebih 60 tahun dilihat seperti tidak bermaya dan masih terkapai-kapai untuk terus hidup atas belas ihsan Mahathir selaku Perdana Menteri dan orang yang paling berkuasa di Malaysia.
UMNO mempunyai pelbagai cabang dan peringkat. Dari Ketua Cawangan, Ketua Bahagian, Ketua Sayap sehinggalah ke Majlis Tertinggi. Namun nampaknya kesemua peringkat tersebut kekal bising hanya pada waktu pemilihan atau semasa pilihanraya.
Bukan tak sensitif tetapi umno dan pas lebih suka tonton drama bertajuk "elephant and elephant fight, the grass suffer". Buat apa umno dan pas buang tenaga dan masa,biarlah mereka dalam PH berbunuh sesama sendiri dan menghancurkan kesepakatan( jika masih wujud) nanti dengan sendiri pecah terburai.Sekarang rakyat pun dah bosan dan meluat kat perangai PH, Umno dan Pas cuma perlu tunjukkan kesungguhan dan keikhlasan dalam kerjasama dan perpaduan untuk jadi tarikan kepada rakyat.
Post a Comment