Political Posts

[james22]

3 hours ago, Luca said:

China wont have "socialism" like mao zedong did it, it will be a hyper capitalistic market still BUT with regular regulation and intervention that fine tunes growth for all.

 

I was going to bow out, but this is too funny. 

 

"Fine tune"?!? LOL

 

https://en.wikipedia.org/wiki/Local_knowledge_problem 

 

https://en.wikipedia.org/wiki/The_Use_of_Knowledge_in_Society

 

https://en.wikipedia.org/wiki/Economic_calculation_problem

[Parsad]

3 hours ago, Sweet said:

Of course what happened matter, intent is important.  Most people on Jan 6th where there to voice their support for Trump.  And anger.

 

Trump was the sitting President, it was his administration, why the heck are supporters of Trump staging an insurrection or coup when their boy is still in power?

 

 

Because their boy lost power.  And then he tried to do almost everything, even criminal acts, to retain power and usurp the democratic process.  Cheers!

[Parsad]

2 hours ago, cubsfan said:

You are so wrong . They burned down a Federal court house in Portland- what happened? Nothing 

 

They burned down a the police’s station in Minneapolis- what happened?   Nothing

 

They burned down a church across the street from the White House - what happened?  Nothing

 

All because of the 2 tier justice system currently in place.

 

And to top it all off - Kamala Harris set up bail funds for offenders, just in case!

 

What does one have to do with the other.  They should have been prosecuted in those other cases as well.

 

A driver tells a cop who pulled him over for speeding..."Why did you pull me over, the guys in front of me were going even faster over the speed limit?"

 

The cop replied..."Even the best fisherman, never catches all the fish!"

 

Cheers!

[Castanza]

https://www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/

[tnp20]

The way I understand Evergrand Bankruptcy in USA courts (chapter 15) is that its a form of a pre-pack. They already have an agreement with the offshore bond holders on the form of debt restructuring and to make it all legit, this is the final step to formalize it.

 

This is closer to the end of the step than the beginning. They have been at this for about 2 years now. There may be 1-2 more before it stabilizes with the remaining player strong enough not to need further restructuring.

 

 

Edited August 18, 2023 by tnp20

[Ulti]

https://www.wsj.com/finance/investing/investors-fear-chinas-lehman-moment-is-looming-4364855d

"Zhongzhi is a black box. They don’t have periodic disclosures, it’s a private company, and some investors don’t know what kinds of assets they’re investing in.

It lured investors with high yields, at one point promising annual returns of up to 15%"

 

Wow, I thought " Lehman moments" were confined to just  capitalist systems. Nice to know communism\dictatorships are  just as efficient haha

[Libs]

19 hours ago, Luca said:

Yes because China executes a model that has not been executed in the US but that could end up being superior.

There is zero chance this is true. I'm sorry Luca, but you are delusional about this. 

 

 

Edited August 18, 2023 by Libs

[crs223]

18 hours ago, Parsad said:

insurrection and attempt to overturn a democratic election

 

@Parsad why push anti-conservative and anti-christian issues?  Site would be better if you removed political and religious hate.

 

 

Edited August 18, 2023 by crs223

[Castanza]

18 hours ago, Parsad said:

 

America is failing?!  Where exactly is America failing?  

 

Do you live better than your parents did?  Are your children living better than you did?  

 

The largest companies in the world are predominantly U.S.  The USD is still the veto currency for security.  US culture remains dominant globally.  US educational institutions remain at the top of the heap.  US research into healthcare, robotics, AI, pharmaceuticals, infrastructure, etc...all are 1, 2 or 3 globally.

 

Where exactly is America failing?  How is your life worse today than 20-30 years ago?  I keep asking my conservative friends these questions and they have no answers.

 

Uh, we pay more in taxes!  Really, you pay more in taxes than your father did?  Your personal corporation pays more in taxes than corporations 20-30 years ago? 

 

Uh, healthcare is failing us!  Aren't most Americans living longer than previous generations?

 

Uh, radical left-wing politics is running rampant!  Yes, left-wing radicals are more rampant than radicals were in the 1970's?

 

Uh, we're getting further into debt as a country?  Really...Roosevelt and Woodrow Wilson increased the national debt during their tenure by about 750% each...but then they were fighting a war.  Reagan increased it by 160%.  Everyone else, regardless of party, pales in comparison...including Biden.

 

So what exactly is failing?!  Cheers!

 

Cheers!

Hard to discuss this topic of “life is better in America” without discussing “at who’s expense.” 
 

American wealth is a facade of wealth flown in from cheap labor markets and built on the backs of exploited labor. Everything we have in this country that is tangible comes from markets like that. Consumerism as a metric for judging a country’s success or quality of life is meaningless if that country cannot sustain that same level internally. 
 

The consumerism you call “success or quality of life” has given us nothing but the worst mental health conditions in the world. The highest pharmaceutical drug use in the world. Some of the highest suicide rates. Some of the lowest happiness scores. Political division. Worse overall health with no improvements in longevity or quality. Declining birth rates. A crumbling education system withA society addicted to debt. A veteran population thrown under the bus. A hollowed out middle class. The list goes on! 
 

But hey, we’ve built a few social networks and developed better ways to get fast food and cheap Chinese made products delivered to our door in hours so we can keep our eyes fixed to screens!


What are some big American achievements that have nothing to do with unbridled consumerism in the last 30-40 years? A few drug breakthroughs? 

YOUR life might be better, but is the COUNTRY better? Is the US better positioned for long term success? Not sure, it does seem like people and politicians are waking up to this fact. The IS is a big shop and it’s slow to steer, so hopefully over the next 20 years we can get some actual leadership instead of these phonies to usher in a new golden era in American innovation and wealth. I’m confident that we will because when the towing gets tough, Americans tend to rise up like no other nation. But looking around at society and the people described by RKbang in the AV thread,  it might be a while! 

 

There is a reason this song is blowing up with the average person in the US right now. 
 

 

 

[cubsfan]

2 hours ago, Castanza said:

Hard to discuss this topic of “life is better in America” without discussing “at who’s expense.” 
 

American wealth is a facade of wealth flown in from cheap labor markets and built on the backs of exploited labor. Everything we have in this country that is tangible comes from markets like that. Consumerism as a metric for judging a country’s success or quality of life is meaningless if that country cannot sustain that same level internally. 
 

The consumerism you call “success or quality of life” has given us nothing but the worst mental health conditions in the world. The highest pharmaceutical drug use in the world. Some of the highest suicide rates. Some of the lowest happiness scores. Political division. Worse overall health with no improvements in longevity or quality. Declining birth rates. A crumbling education system withA society addicted to debt. A veteran population thrown under the bus. A hollowed out middle class. The list goes on! 
 

But hey, we’ve built a few social networks and developed better ways to get fast food and cheap Chinese made products delivered to our door in hours so we can keep our eyes fixed to screens!


What are some big American achievements that have nothing to do with unbridled consumerism in the last 30-40 years? A few drug breakthroughs? 

YOUR life might be better, but is the COUNTRY better? Is the US better positioned for long term success? Not sure, it does seem like people and politicians are waking up to this fact. The IS is a big shop and it’s slow to steer, so hopefully over the next 20 years we can get some actual leadership instead of these phonies to usher in a new golden era in American innovation and wealth. I’m confident that we will because when the towing gets tough, Americans tend to rise up like no other nation. But looking around at society and the people described by RKbang in the AV thread,  it might be a while! 

 

There is a reason this song is blowing up with the average person in the US right now. 
 

 

 

Bravo - tough to sum it up better than that.

 

But shit, if you need more proof, just look at California, the state that always leads the USA in change.

 

A total disaster. Taxes skyrocket while living standards and society continues to collapse.

Edited August 18, 2023 by cubsfan

[james22]

The shame of it! Mississippi has found itself in the humiliating position of being compared disobligingly with the United Kingdom.

 

https://archive.ph/0Eg6T#selection-639.0-643.39

[John Hjorth]

Reuters [ August 20^th 2023, 4:08 PM +2 GMT] : Netherlands, Denmark commit to delivering F16s to Ukraine.

 

The total F-16s from Denmark is 19, 5 ETA Ukraine year end 2023, rest over 2024 and 2025.

[cwericb]

On 8/17/2023 at 1:18 PM, cubsfan said:

^^^ The difference is if you cross the border illegally into the USA from Canada- you are NOT allowed to stay in the USA - you are immediately removed from the country.

 

I’d much rather have thousands of illegal Canadians here with skills than millions of destitute poor mixed with criminals destroying our country.

 

I have two Canadian female friends (who don't know each other). Both are living in the US illegally. Both are are hard working, well educated, fifth generation Canadians. Both are married to Americans. Neither can get Green Cards or US citizenship.

 

One has been in the US for over 20 years and I personally know that she has spent well into six figures on lawyers trying to obtain American citizenship and it's like banging your head against a brick wall. 

 

They live in a catch 22 situation where they can't leave the US for family emergencies or any other reason because it is unlikely they could ever return to their husbands and homes, despite having lived there, worked there, paid their taxes there and own homes there. Neither has any sort of police record.

 

On the other hand I have several friends from Cuba who have risked their lives travelling through central America to enter the US over the Mexican border and are now working in Miami.

 

On the other hand here, where I live in Canada, we are acquiring more and Americans neighbours spending their summers here to avoid the heat of the Southern States and are quite welcome to do so.

 

THIS IS JUST PLAIN NUTS!

 

 

[lnofeisone]

39 minutes ago, cwericb said:

 

I have two Canadian female friends (who don't know each other). Both are living in the US illegally. Both are are hard working, well educated, fifth generation Canadians. Both are married to Americans. Neither can get Green Cards or US citizenship.

I'm guessing, USCIS has a problem here is that they (the friends) live in the US illegally. For anyone that spent over 365 days in the US illegally the penalty is to live outside of the US for 10 years. This is what your friend trying to fight and the odds of her being successful is near 0. Otherwise, Canadians marrying US citizens have a very straightforward path to get to green card and then citizenship (as is with most nationals).

[cubsfan]

^^^^^ But if you cross in via the southern border- no problem at all!

 

And they’ll give you a plane or bus ticket to anywhere you want to go even if you are a criminal!

 

Nothing like double standards 

[cwericb]

4 hours ago, lnofeisone said:

I'm guessing, USCIS has a problem here is that they (the friends) live in the US illegally. For anyone that spent over 365 days in the US illegally the penalty is to live outside of the US for 10 years. This is what your friend trying to fight and the odds of her being successful is near 0. Otherwise, Canadians marrying US citizens have a very straightforward path to get to green card and then citizenship (as is with most nationals).

 

 

Yes unfortunately, you are more or less correct in what you say, however in both cases the situation occurred more through ignorance than through intent. 

 

One individual was touring in the entertainment industry, the other was crewing offshore registered yachts. Both of these ‘undesirables’ have a university education, one with a Masters degree.

 

I believe there are tens of thousands of Canadians living in the US illegally. Likewise, I suspect there may be thousands of Americans living in Canada illegally (however, I think the Canadian immigration laws may be more liberal). For the most part, both groups are contributing to society in both countries and yet are refused citizenship. Yet both countries use the taxes paid by these ‘CanAm illegals’ to support immigrants from any number of other countries who arrive with no money, little education and unknown pasts.

 

Sorry for the rants, but it is a sore point.

 

Edited August 21, 2023 by cwericb

[tnp20]

This stuff is getting so off-topic !!!!

 

Reminder: This is a China thread - to discuss both negatie, positive and informational/neutral.

 

Lack of an "ignore" button on these threads means discipline is required or has to be forced by the administrator by punishing offenders.

 

 

[Luke]

7 minutes ago, tnp20 said:

This stuff is getting so off-topic !!!!

 

Reminder: This is a China thread - to discuss both negatie, positive and informational/neutral.

 

Lack of an "ignore" button on these threads means discipline is required or has to be forced by the administrator by punishing offenders.

 

 

To be fair this is very much related to the conflicts between the two systems of China and the US. I think its important to shine a light on these topics to understand the different perspectives. 

[Ulti]

Back to China

I thought it was an excellent podcast discussing financial regression with a communist run bank run economy…. I also like the “CYA” description of todays moves to diversify supply chains vs decoupling 

[tnp20]

41 minutes ago, Luca said:

To be fair this is very much related to the conflicts between the two systems of China and the US. I think its important to shine a light on these topics to understand the different perspectives. 

 

Its a gray area but it needs to stay focused on economic effects of two systems short and long term. No one really knows how the two systems well evolve over time and are best guesses driven by certain principles.

 

But to talk about Mississippi and UK  ...come on...there was no mention of China. Thats clearly over the line !

 

There is a place to discuss Mississippi and UK ...thats in a separate thread. Similar concept could also apply if it gets to other areas of discussion that verge down a slippery slope.

 

Lets not ruin these great boards.....ignore button would fix the issue as I have mentioned but lacking ignore optionality, would devolve into wading through endless off-topic stuff to get to relevant info.

Edited August 21, 2023 by tnp20

[Luke]

32 minutes ago, tnp20 said:

But to talk about Mississippi and UK  ...come on...there was no mention of China. Thats clearly over the line !

 

There is a place to discuss Mississippi and UK ...thats in a separate thread. Similar concept could also apply if it gets to other areas of discussion that verge down a slippery slope.

 

Lets not ruin these great boards.....ignore button would fix the issue as I have mentioned but lacking ignore optionality, would devolve into wading through endless off-topic stuff to get to relevant info.

+1

[Ulti]

https://dnyuz.com/2023/08/21/as-china-falls-into-deflation-the-mood-turns-dark/

[tnp20]

^^^^ This piece is accurate on the ground picture ....in the short term its a crisis of confidence but in the long term is about the national chinese strategy and leadership of Xi.

 

I think the crisis of confidence will be resolved over time and bad times will soon be forgotten but it always seems the darkest before the dawn. Crisis confidence needs a fiscal jolt to shock the system into a positive reinforcement loop and support for the housing to stabilize it.

 

I am reading the deflation picture should abate over the next Q or so and comparison to Japan are not entirely appropriate.

 

I have said before I am short-medium term bullish but long term negative on China primarily due to Xi. He is leading China in a wrong direction and he doesnt even realize it because he has surrounded himself with loyalists.

 

Lee Kuan Yew's comments about Xi "He has iron in his blood" .....meant to imply  he is steadfast in his decision despite head winds....

 

If Yew was alive today and watching XI's actions, he would say "He has iron in his brain too".....too rigid in ideology in face of contrary indications...

 

iron in blood + iron in brain = steadfast direction but in the wrong direction without self correction ==> long term disaster.

 

Edited August 21, 2023 by tnp20

[Ulti]

31 minutes ago, tnp20 said:

have said before I am short-medium term bullish but long term negative on China primarily due to Xi.

Again I thought the odd lots podcast was spot on: debt demographics decoupling and deflation( I think i'm quoting right ).. are the major issues... having a financial regression regime run by Xi and the banks... They cant allow more capitalism because it would potentially take power away . The idea of economies of scale are risky nowadays has taken hold and this does not bode well for China....It will be interesting to see how russia China and the Brics come up with a new paradigm.

 

https://www.msn.com/en-us/money/markets/russia-china-look-to-advance-agendas-at-brics-summit-of-developing-countries-in-south-africa/ar-AA1fxSME

[tnp20]

 

If you are short China, you shoul be short NVDA and the likes....NVDA valuation is through the roof....