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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (1677)	1/8/2019 8:39:08 AM
From: Elroy Jetson	1 Recommendation Recommended By elmatador Read Replies (1) \| Respond to of 13800

The World Bank and IMF have always been institutions which spread the interests of the United States and western democracies and were begun in an era where they were a foreign policy tool to thwart communist expansion. Right wing Americans often absurdly imagine these two organizations as welfare dispensing charities, which they're not. Trump's father a John Bircher and KKK member and Trump himself have wholly bought into these myths. Trump's lack of understanding of the world around him has led to his failure to accomplish much of anything other than a large unsustainable tax cut for the wealthiest Americans. . China is far less formidable than most imagine, and way less formidable than China's leaders would like to believe. We're selling some family-owned commercial property in the San Francisco Bay Area to Chinese buyers at a truly absurd price. Like Japan before them, they imagine themselves to be playing a sophisticated game of Go rather than checkers, when the reality is they are merely over-paying for assets in markets they don't understand. Looked at another way, their primary motivation is moving capital out of China rather than any knowledge of how they're going to make a profit redeveloping the land in a city they're unfamiliar with into a new project. Fifteen years from now the Chinese will be selling these holdings at an enormous loss, just like the Japanese before them. These Asian societies are so insular and self-referential they lack all perspective. Crawling out of a dark ages feudal economy is a heady experience for them, as if all of China's leaders are sniffing cocaine while they make their business and foreign policy decisions. The hangover will be almost identical to Japan.