I think people will generally agree with me here that one does not simply topple the second largest economy on the planet. Moreover, most all major US businesses rely heavily on Chinese manufacturing, Apple simply cannot move their entire production to another facility overnight, especially if they’ve invested billions into it.
And as far as the Ukraine crisis is concerned? Biden has been all talk and no action. You cannot bully a psychopath with a death-wish and Putin might just be the biggest on the planet.
LOL. What does that even mean?
Again, the dollar is backed by oil. Every country on the planet uses the USD to trade oil. Euro losing value to the dollar does nothing for the European economy.
Secondly, billionaire wealth is more indicative of the average persons buying power than anything else. Elon Musk might be the richest human being on the planet, but what affect does it have on the global economy?
Entire worlds economy came inches from collapsing in 08. In matter of hours, economies could totally crash. With high speed trading, hundreds of billions of capital can leave. Yes the world needs Chinese manufacturing and it also can reduce its reliance on it. Yuan weakness against USD shows that traders are betting on US to be the victor.
US will use more and more of Indian labour.
It will also arm India to the teeth. Trend is Chinese economy not growing as fast, India picking up pace.
Increasing dollar value means transfer of wealth. Think about it? They give you paper and you give them labour and resources for cheap.
You haven’t watched the video about the blackrock Aaladin controlling 21 trillion? That one computer can crash Chinese economy. Just imagine if they seize all Chinese money.
Plus any Middle East leader opposes them will end up like SaddamGhaddafi. MBS was asserting power and I feel he got a visit from a Ghost and now he’s towing the line. US owns the ME rulers.
If either UBS or HSBC default, the entire world’s economy would also come crashing down and things would be much worse than they were back in '08. So what’s your point?
Again, what is your point?
Yuan has always been artificially weakened against the USD by the CCP. To the point where the US has openly stated that the Chinese are manipulating the forex markets.
You really need to start looking up news sources from outside of North America.
Despite US pressure, India refused to back away from:
Joint Indo/Russian fighter jet program.
Buying Russian oil.
You really think that the United States could use India it’s Asian front in a fight against China? Since Modi has come to power, the Indian rupee has significantly fallen against the dollar, showing signs of a slowdown in economic activity, which was compounded upon by COVID-19.
China, on the other hand, put entire cities under total lockdown for months because they can afford to do so. Meanwhile the Indian government couldn’t even enforce a curfew in their capital. Just like Pakistan, India is a massive poverty problem, and they cannot afford to feed their population, while China can.
Also, China is one of the largest holders of US treasury bonds. Which means, they have the ability to manipulate the American dollar at will, but they won’t do so, because it’s bad for business, and the same applies to the United States.
LOL. You’re telling me that the United States government would crash the economy? You sure nobody’s been lacing your mushrooms with crystal?
Middle Eastern rulers have no real military power, what influence, if any, do you think they have in international affairs? Oil isn’t as significant as it once was.
Russia has 6500 nukes and they seized all Russian wealth. What makes you think they won’t do that to China if hostilities escalate. They own the banking system, they own every dollar China has. Just read up on new US policy which identifies India as their new strategic partner.
Half of the stuff you talk about is hyperbole based on a headline of an article that you might’ve read while taking your morning dump. What Russian wealth are we talking about? The oligarchy is still alive and kicking it. Sanctions did little in the way of any real economic damage to Russia.
My original point is that the United States cannot and WILL not fcuk with China because they know it’s in their best interest. And vice versa.
As far as the US/India cooperation is concerned? There is little that India can do to change the balance of power in the region, and everyone knows that.
Emotional people are not good at life,people who have emotional reactions to everything damage their health. Most reports are that Oligarchs have lost over half their fortunes. It is US declared policy to have India as their strategic partner. Both US and China are preparing for show down. Banning Chinese 5 G was USA effing with them, tariffs were also effing with them.forcing them to reduce Russian energy purchase was effing with them, joint naval excercise with India was effing with them
Bobby you dont compare DOW with BTC. you compare an individual share with BTC. Compare DOW with crypto.
Crypto is here to exist and stay. Only debate is if the individual cryptos are overvalued or under. BTC got overvalued and now its coming to irs regular worth but doesnt mean its going to vanish. Usually old school mindsets reject crypto but once they open up, they'll embrace it.
BTC/ethreum etc are real coins. Problem is the popping up of meme coins like doge etc. Thats a joke. On the top of it people like Elon musk play with people's greedy mindsets and hence the term pump and dump.
Buying crypto is the same thing like buying a share. You need to study its foundation and once you do go dive in.
The only threat they have is regulations. US regulators are working on it day and night but so far they havent come up with a firm policy. Unlike India they are not going to ban anything, they are just going to decide tax brackets and thats all
Sheesh, I go away for a weekend, and you start quoting Charlie Munger? LOL.
He was once asked why he believes that Bitcoin is a sham. And his response was “It’s evil because it undermines the Federal Reserve System…”
I hope you can catch the irony in his comment. And if you can’t? Then I’m sorry but you’re exactly the type of person the right-wingers like to call sheep.
And this is why I don’t listen, when this 9,800 year old white geriatric fossil talks.
Anyhoo. How’s your weekend been? Because I jogged 2,300 miles, hiked up Mt. Everest for a bet and then proceeded to bench 6 fully grown male African elephants.
Oh and btw, if it makes you feel any better? Bitcoin will fall further, as it’s lower support limit is somewhere around 13.8.
USA today has been the scariest I have seen them to be ever, at this point it seems they are willing to risk a third world war, they are accepting that their proxy war in Ukraine may starve 10s of millions, even hundreds. If they see BTC as a threat, with one swoop, they will take it down. So far the AI has helped them steal a lot of wealth thru Crypto where the Aladdin Super computer would have made billions. Individual traders are no match for Super AI in markets.
Didn’t bench elephants this weekend, was busy sponsoring 1 Pakistani athlete to compete in Halifax in the international championships as a team member with Safy. It is really difficult to get Visa, was sending them an invite, so they may get Visa. Lake in Balochistan is dried up so the young man couldn’t practice much. Maybe, we will call him in early so he can have 2 weeks training before competition. They won’t do good, but hey, they get to represent Pakistan.
What it means is that they are determined to exert their dominance, suck all the wealth and not worry about popularity or hurt feelings. They will Use Crypto if it serves them or just crush it.
Still has nothing to do with what I said in my original post. All I did was discredit Charlie Munger.
Tell you what. If BTC hits $100k within the next year and if me, you & more specifically this forum is still around, would you resurrect this thread and own up to the fact that you were wrong yet again?
Keeping in the tradition of racist, sexist, ageist all you have against Munger is his age, Please base your arguments on facts and evidence. Berkshire has been a very successful investment corporation. When at 66k Munger said sell, you said he’s old and stupid. Turns out he was right, you were wrong.
Because BTC has dropped more than 80% on 3 separate occasions, just to rally to ridiculous ATH’s. Last time BTC crashed, it went from $20k to $3K, and then rallied all the way to $69k. We’re seeing yet again, a similar pattern. This one however is aided by the looming recession. If the US announces negative growth in Q2 on the 28th of July, BTC will crash further to as low as $12k, where it will go sideways for a while, before the bull market takes it to yet new heights.
Saada kutta, kutta? tay tuada kutta Tommy?
There is plenty of evidence of you being racist, ageist, abelist and fat-phobic, especially fat-phobic. You’re a classic example of the pot calling the kettle black…
Do you even know the background of Berkshire Hathaway? They’ve been embroiled with scandals and questionable investment techniques for over 40 years. They made insane money during the '08 financial crisis buying mortgage backed securities and shorting the housing market, i.e. when the average American was being made homeless, these two old farts were raking it in big time, just like the koch brothers, Steve Eisman and Michael Burry were. This wasn’t even made public until 2016. So, Buffet & Munger can burn in hell, for all I care.
You canât be a billionaire and be a nice person. This is a very callous and predatory system. Their decisions kill millions, I will not paint them as saints. All corporations are evil. However Buffet gave 48 billion in Charity so far and will give his entire wealth to charity.
This is a new USA, not concerned about being seen as the moral leader of the world.
They will crush anything that stands against their interests. Never bet against them.
American corporations same as East India Company are mandated to suck wealth from the globe.
First rule of economics is money and power are interchangeable
After every single crash, USA emerges more powerful than ever. EU had started challenging US supremacy before 08, after the crash, they totally surrendered
It is not oil that makes US dollar what it is. It is their power. Any Arab leader who does not submit will be removed. They all have relationships with zIsrael now. Pakistan to follow soon.
