To: carranza2 who wrote (196597 ) 2/26/2023 6:50:53 PM From: TobagoJack 1 RecommendationRecommended By Arran Yuan
Respond to of 217545 Armstrong re China / USA The prospect is not favoured by me Agnostic how it shall work out It all might not work out well for all involvedask-socrates.com Blog For the life of me, the arrogance and stupidity of this Biden Administration as they take their orders from the Neocons and the bankers to destroy Russia by threatening China openly is just unimaginable. Yellen has the audacity to warn China will face "serious repercussions" if they help Russia evade American sanctions. She said:"We have made clear that providing material support to Russia or assistance with any type of systemic sanctions evasion would be a very serious concern to us," she told reporters. "And we will certainly continue to make clear to the Chinese government and to companies and banks in their jurisdictions what the rules are regarding our sanctions and the serious consequences that they would face in violating them." While the St Louis Fed has only published the data up to the 3rd quarter of 2022, our raw data sources have provided projections that have shown that we are now into the 5th quarter of foreign liquidation of US debt holding by foreign governments. Effectively, from a cyclical perspective, holdings of US debt by foreign governments peaked in 2021 with COVID. Once we see a Quarterly closing below the $7 trillion mark, this will be showing a serious potential crash into the years ahead. Biden & Yellen are playing with fire. Not only have they already destroyed the world economy bringing Globalization to a bitter end, but we have a Directional Change during the 2nd quarter of 2023 and this looks like war from the debt perspective into we may see a debt crisis by the 3rd quarter of 2024. China will continue to liquidate US debt. In fact, after these threats from Biden & Yellen, China would be an absolute fool to own any US national debt for Biden may simply suspend all payments on any debt to China and prevent their liquidation. If they had any common sense, I would start selling immediately. China's sales of chips have now surpassed that of Taiwan . Biden's sanctions already on China's chip industry have gained support from Japan and Netherlands. Meanwhile, our information suggests that China's CIPS, or the Cross-Border Interbank Payment System, has more than doubled since the Ukrainian War has begun. Biden may think he is the king of the world, but he is listening to the Neocons who have dreamt their entire life about conquering Russia, They even were against Reagan's meeting with Gorbachev back in 1985. China has come out with a blistering report on the United States which sadly is pretty much true. We desperately need a non-NEOCON to come to the rescue. Read China's take on the USA. Biden's demands to rule the world and everyone MUST comply with his demands, which are written by the Neocons, our future is looking very dim. China concluded by warning this strategy is not going to work. We are pushing China and Russia together!Conclusion While a just cause wins its champion wide support, an unjust one condemns its pursuer to be an outcast. The hegemonic, domineering, and bullying practices of using strength to intimidate the weak, taking from others by force and subterfuge, and playing zero-sum games are exerting grave harm. The historical trends of peace, development, cooperation, and mutual benefit are unstoppable. The United States has been overriding truth with its power and trampling justice to serve self-interest. These unilateral, egoistic and regressive hegemonic practices have drawn growing, intense criticism and opposition from the international community. Countries need to respect each other and treat each other as equals. Big countries should behave in a manner befitting their status and take the lead in pursuing a new model of state-to-state relations featuring dialogue and partnership, not confrontation or alliance. China opposes all forms of hegemonism and power politics, and rejects interference in other countries' internal affairs. The United States must conduct serious soul-searching. It must critically examine what it has done, let go of its arrogance and prejudice, and quit its hegemonic, domineering and bullying practices.