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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (179150)10/4/2021 6:40:24 PM
From: ggersh  Read Replies (1) | Respond to of 218806
 
Funny, thanks for the warning ;-O

A jack of all trades and master of only one.....front running traders

I wonder if he believes his own BS, cuz w/each subject he becomes dumber and dumber

funny that the people can be sacrificed, but his billions not so much.

The Rust Belt
That's not to say there haven't been drawbacks to the US engagement with Beijing, and according to Griffin is the fact that China's advances in manufacturing and the state support allowing their companies to be more competitive helped contribute to the hollowing out of thousands of American factory towns. In retrospect, this was a necessary sacrifice to entice the Chinese to embrace first capitalism, and then democracy.

But increasingly it looks like the CCP has no intention to ever loosen its monopoly on power, meaning all those sacrifices were for nothing.

"To have the most populous country in the world becoming increasingly capitalistic our belief was that them becoming capitalist would inevitably lead to them becoming a democracy. when we wrote the rules of rht road for them, we did it with the objective of making that happen."

"The challenge that we underestimated is how devastating this was going to be for small towns that had its only factory shut down. It wasn't how it was going to impact NYC, Chicago or LA but how it was going to impact a small town in upstate New York. That was a terrible policy miscalculation not done in bad faith...but we didn't have the trainin or relocation strategies to help people get back on their feet."