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Europe now looks to China instead of the USA.

TU Curmudgeon said:
Possibly because they have some sneaking ghost of a suspicion of a hint that there is some slight theoretical possibility that what they were taught about America as children isn't at least 99.9% true?
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TU Curmudgeon said:
Ewer spiel sucker kneads adjudging.



Fortunately there are enough people who "recall" things that never happened to keep the entire "The Home" industry flourishing.

PS - Did you know that anyone who is [a] "stupid" and in agreement with me has something in common with someone who is [a] not in agreement with me and "stupid"? Do you know what that is?

Did you know that anyone who is [a] "smart" and in agreement with me has something in common with someone who is [a] not in agreement with me and "smart"? Do you know what that is?
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The sophomore does his thing as per.

It appears that when it comes to Americans you went directly from your sophomore year into a school of law somewhere.

You're posting much more in your incorrigible contempt against Americans while you have barely a word about either China or Europe. And indeed, so much can be said about either or both together that can make Americans appear saintly.
 
Godric1970 said:
China is broke ?? your having a laugh US debt $23 trillion and growing at breakneck speed ... China over $1 trillion is us debt bonds and a further $3 trillion in US currency and a rapidly growing gold reserve meanwhile America's gold reserve is dwindling ... countries are facing massive problems repatriating their gold from America
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I enjoy the reading when people write about their favored and favorite country. The downside is of course their negativity toward the USA and its values.


China's debt to GDP ratio has finally hit 300% percent. The Boyz of Beijing do love to play with their Parker Bros. money.

In late 2015 The Boyz in Beijing had to sell $500 billion of US Treasuries out of their forex reserve and nobody noticed to include yourself. The Boyz had to salvage the RMB that the global markets were depreciating. The global markets also sucked 'em up overnight with zero effect on the US economy, financial system and the USD$. Smooth as silk it was. Exactly as foreseen.

There isn't enough gold in the universe to support the global $100 Trillion GDP the economies of the world have created using the USD$ as the basis of trade and as the principal global reserve currency. If there were $100 Trillion of gold in the universe God would be a happy man. Yet there isn't anything remotely close to half that amount. So the Lord has to settle for USD$ because that's all there is supporting the whole of the global economy, plus a couple of yen and euros.

Regardless, since the end of WW II the US has possessed and held most of the gold reserves of 50 countries to include all of the current G-20 countries. While some of the US possessed foreign country gold reserves are at Ft. Knox, the bulk of it is 90 feet under the NY Fed building in solid Manhattan bedrock. And just for safe keeping neither is it going anywhere at any time.

I'm certain the Boyz in Beijing and the roughnecks in the Kremlin are eyeing the gold in our teeth however. Because that is who and what they are.
 
Tangmo said:
I enjoy the reading when people write about their favored and favorite country. The downside is of course their negativity toward the USA and its values.


China's debt to GDP ratio has finally hit 300% percent. The Boyz of Beijing do love to play with their Parker Bros. money.

In late 2015 The Boyz in Beijing had to sell $500 billion of US Treasuries out of their forex reserve and nobody noticed to include yourself. The Boyz had to salvage the RMB that the global markets were depreciating. The global markets also sucked 'em up overnight with zero effect on the US economy, financial system and the USD$. Smooth as silk it was. Exactly as foreseen.

There isn't enough gold in the universe to support the global $100 Trillion GDP the economies of the world have created using the USD$ as the basis of trade and as the principal global reserve currency. If there were $100 Trillion of gold in the universe God would be a happy man. Yet there isn't anything remotely close to half that amount. So the Lord has to settle for USD$ because that's all there is supporting the whole of the global economy, plus a couple of yen and euros.

Regardless, since the end of WW II the US has possessed and held most of the gold reserves of 50 countries to include all of the current G-20 countries. While some of the US possessed foreign country gold reserves are at Ft. Knox, the bulk of it is 90 feet under the NY Fed building in solid Manhattan bedrock. And just for safe keeping neither is it going anywhere at any time.

I'm certain the Boyz in Beijing and the roughnecks in the Kremlin are eyeing the gold in our teeth however. Because that is who and what they are.
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more and more countries are ditching the dollar China's debt is owed to China and not world banks ... China's debt is internal ... America/Trump had to borrow more money after Russia sold there US debt bonds the EU is almost ready to launch it's own payment scheme to sidestep swift and the US dollar ... more and more EU trade is being done in euros and local currencies
 
Godric1970 said:
more and more countries are ditching the dollar China's debt is owed to China and not world banks ... China's debt is internal ... America/Trump had to borrow more money after Russia sold there US debt bonds the EU is almost ready to launch it's own payment scheme to sidestep swift and the US dollar ... more and more EU trade is being done in euros and local currencies
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The SWIFT global interbanking system in Belgium does $5 Trillion daily in transactions so it's not going anywhere soon, if at all. Swift is the original so blockchain banking which remains fledgling and politically adversarial has more modern technology. Swift is upgrading and meeting its deadlines for modernizing.

As the head of the Swift system noted recently, beware of "tulip mania" also known as the tulip bubble currently being pursued by countries whose governments and elites rely on limited economic resources such as Russia. China and its bloated state corporations have yet to meet their "major economic adjustment" correction that is inevitable as global banks know and are already well prepared to meet.

Keep in mind Russia failed twice in the 20th century, in 1917 and again under a completely different system in 1991. The supposedly eternal Chinese monarchy under Heaven failed in 1910 and a new gang of delusional emperors in Mao jackets grabbed power in 1949. Now the extension of China's newest dynasty of emperors wear business suits and have tailors and aircraft carriers.

I do appreciate your postings about your two favored and favorite countries while you try to dismiss the United States energy and resourcefulness in creating new challenges in finance and economics that your friends who are USA adversaries have to keep chasing after from behind.
 
Hamish Howl said:
You think they believe Trump will defend them? They need a counterbalance to Putin, and Trump ain't the guy.
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To be clear: are you suggesting that Western European leaders believe that China will be more likely to intervene and protect them from a Russian attack than NATO, which is led by the United States?

Sent from my Moto G (5S) Plus using Tapatalk
 
Tangmo said:
The sophomore does his thing as per.

It appears that when it comes to Americans you went directly from your sophomore year into a school of law somewhere.

You're posting much more in your incorrigible contempt against Americans while you have barely a word about either China or Europe. And indeed, so much can be said about either or both together that can make Americans appear saintly.
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I can see how someone who thinks that:

  1. the United States of America;
    *
  2. the government of the United States of America;
    *
  3. the American people;
    *
  4. the American Ideal;
    *
  5. the American Dream;
    *
  6. what is taught as "American History" in American schools;
    *
  7. God;
    *
  8. Donald John Trump; and
    *
  9. reality;

are all identical could come to that conclusion.
 
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TU Curmudgeon said:
I can see how someone who thinks that:

  1. the United States of America;
    *
  2. the government of the United States of America;
    *
  3. the American people;
    *
  4. the American Ideal;
    *
  5. the American Dream;
    *
  6. what is taught as "American History" in American schools;
    *
  7. God;
    *
  8. Donald John Trump; and
    *
  9. reality;

are all identical could come to that conclusion.
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What one can see is the fallacy of believing all Americans are identical intellectually or culturally the same, like, similar.

It misses that there are 50 state curriculums and education systems, that they are ranked by various professional organizations and that one can find a consensus ranking.

For instance one respected ranking outfit finds the five best state education systems are:
New Jersey
Massachusetts
Vermont
New Hampshire
and then Kansas.


Continuing toward #50+1, the five worst are:
Nevada
Louisiana
Alabama
Mississippi
and, lastly, the District of Columbia which as you might know isn't a state.


Now maybe some people isolated up north don't get that far south looking down on the USA. Because virtually everyone in USA knows Alabama thanks God each day for Mississippi in everything. We down here also had a severe divide called the civil war which you seem to also have missed.

Moreover if anyone might consider that I could ever in a million years be a Putin-Trump Rower he'd be the worst case indeed. Given your post was to me you do win the prize. Worse yet you ignore the Putin-Trump Rowers of the present time which means you're missing the whole of it down here.
 
Tangmo said:
I enjoy the reading when people write about their favored and favorite country. The downside is of course their negativity toward the USA and its values.

China's debt to GDP ratio has finally hit 300% percent.
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There appears to be a slight difference between your 300% and the 16.1% that the people at "Fact Maps" list.

There also appears to be a slight difference between your 300% and the 65.68% that the CIA lists.

There also appears to be a slight difference between your 300% and the 50.5% to 20.4% range that Trading Economics lists.

There also appears to be a slight difference between your 300% and the 55.36% that "World Population Review" lists.

There also appears to be a slight difference between your 300% and the 50.104% that "Global Finance" lists.

Of course, if you add all of those numbers together, you do get 258.144% BUT there is still a 13.952% discrepency between the total of all of those other people's individual calculations and your 300%. Possibly you could explain where you got your 300% from?

Tangmo said:
In late 2015 The Boyz in Beijing had to sell $500 billion of US Treasuries out of their forex reserve and nobody noticed to include yourself. The Boyz had to salvage the RMB that the global markets were depreciating. The global markets also sucked 'em up overnight with zero effect on the US economy, financial system and the USD$. Smooth as silk it was. Exactly as foreseen.
Click to expand...

It might have escaped your notice, but it is NOT 2015 now.

Tangmo said:
There isn't enough gold in the universe to support the global $100 Trillion GDP the economies of the world have created using the USD$ as the basis of trade and as the principal global reserve currency. If there were $100 Trillion of gold in the universe God would be a happy man. Yet there isn't anything remotely close to half that amount. So the Lord has to settle for USD$ because that's all there is supporting the whole of the global economy, plus a couple of yen and euros.
Click to expand...

For some reason you appear to believe that "gold" and "money" mean the same thing.

Tangmo said:
Regardless, since the end of WW II the US has possessed and held most of the gold reserves of 50 countries to include all of the current G-20 countries. While some of the US possessed foreign country gold reserves are at Ft. Knox, the bulk of it is 90 feet under the NY Fed building in solid Manhattan bedrock. And just for safe keeping neither is it going anywhere at any time.
Click to expand...

Indeed, I quite agree that those "gold reserves" aren't going to leave the US any time soon. Of course, there is no actual evidence that they still exist either.

Tangmo said:
I'm certain the Boyz in Beijing and the roughnecks in the Kremlin are eyeing the gold in our teeth however. Because that is who and what they are.
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I quite believe that you are "certain" of that.
 
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TU Curmudgeon said:
There appears to be a slight difference between your 300% and the 16.1% that the people at "Fact Maps" list.

There also appears to be a slight difference between your 300% and the 65.68% that the CIA lists.

There also appears to be a slight difference between your 300% and the 50.5% to 20.4% range that Trading Economics lists.

There also appears to be a slight difference between your 300% and the 55.36% that "World Population Review" lists.

There also appears to be a slight difference between your 300% and the 50.104% that "Global Finance" lists.

Of course, if you add all of those numbers together, you do get 258.144% BUT there is still a 13.952% discrepency between the total of all of those other people's individual calculations and your 300%. Possibly you could explain where you got your 300% from?



It might have escaped your notice, but it is NOT 2015 now.



For some reason you appear to believe that "gold" and "money" mean the same thing.



Indeed, I quite agree that those "gold reserves" aren't going to leave the US any time soon. Of course, there is no actual evidence that they still exist either.



I quite believe that you are "certain" of that.
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It is certain you love all the news you like about the USA.

In contrast we have this from the South China Morning Post published in Hong Kong:


China Economy

China’s total debt rises to over 300 per cent of GDP as Beijing loosens borrowing curbs to boost growth

The figure has risen to over US$ 40 trillion, some 15 per cent of overall global debt, according to data released by the Institute of International Finance

China has eased its deleveraging campaign in a bid to aid the slowing economy amid the trade war with the United States

https://www.scmp.com/economy/china-...-debt-rises-over-300-cent-gdp-beijing-loosens


Everything in your posts is obtuse and anti American tripe which is why I don't bother much at all with your sophomoric garble. I simply leave my deposit with you so you can continue to step in it.
 
Tangmo said:
It is certain you love all the news you like about the USA.

In contrast we have this from the South China Morning Post published in Hong Kong:


China Economy

China’s total debt rises to over 300 per cent of GDP as Beijing loosens borrowing curbs to boost growth

The figure has risen to over US$ 40 trillion, some 15 per cent of overall global debt, according to data released by the Institute of International Finance

China has eased its deleveraging campaign in a bid to aid the slowing economy amid the trade war with the United States

China’s total debt rises to over 300 per cent of GDP as Beijing loosens borrowing curbs to boost growth | South China Morning Post


Everything in your posts is obtuse and anti American tripe which is why I don't bother much at all with your sophomoric garble. I simply leave my deposit with you so you can continue to step in it.
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Using your CITED data, did you know that the US Debt (US$69 trillion) is 323.2% of the US GDP (US$21.439 trillion)?

Obviously, that is a sign that the US economy is in great shape - right?

PS - Did you happen to notice that you accidentally forgot to explain the disparity in data?
 
TU Curmudgeon said:
Using your CITED data, did you know that the US Debt (US$69 trillion) is 323.2% of the US GDP (US$21.439 trillion)?

Obviously, that is a sign that the US economy is in great shape - right?

PS - Did you happen to notice that you accidentally forgot to explain the disparity in data?
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The disparities are yours while you make 'em up as you go along.

Nobody here respects your posts which makes 'em easy pickins for almost anyone thx.
 
Tangmo said:
The disparities are yours while you make 'em up as you go along.
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Since I provided actual links to each of those disparities, I do wonder how you could conclude that I "make 'em up as (I) go along".

Tangmo said:
Nobody here respects your posts which makes 'em easy pickins for almost anyone thx.
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Thank you for your opinion.

PS - Do you believe that (_and here I'm using YOUR cited data_) the US Debt (US$69 trillion) which is 323.2% of the US GDP (US$21.439 trillion) is a sign that the US economy is in great shape?

If so does that 323.2% indicate that it is in a better, or in a worse, condition that the Chinese 300%?

PPS - Please do not think that I am going to be holding my breath waiting for you to explain how having a debt that is 300% of the country's GDP is "evidence of impending financial collapse" while having a debt that is 323.2% of the country's GDP is "evidence of a vibrant and thriving economy".
 
TU Curmudgeon said:
Since I provided actual links to each of those disparities, I do wonder how you could conclude that I "make 'em up as (I) go along".



Thank you for your opinion.

PS - Do you believe that (_and here I'm using YOUR cited data_) the US Debt (US$69 trillion) which is 323.2% of the US GDP (US$21.439 trillion) is a sign that the US economy is in great shape?

If so does that 323.2% indicate that it is in a better, or in a worse, condition that the Chinese 300%?

PPS - Please do not think that I am going to be holding my breath waiting for you to explain how having a debt that is 300% of the country's GDP is "evidence of impending financial collapse" while having a debt that is 323.2% of the country's GDP is "evidence of a vibrant and thriving economy".
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You didn't find those quotes in any of my posts. Yet you're trying to address me about 'em.

What you found in my post was from the South China Morning Post that you ignore because it's solid and you can't mangle it. So off you go as always.

And to think all your clients are Canadians. I used to think highly of Canadians. Oh well.
 
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