Get ready for explosively higher oil. 7 years of dramatic underinvestment in hydrocarbons fueled by ignorance like this will inevitably generate $100+ crude oil and $5+ prices at the pump for years to come.We all would love to see an overnight transition to alternative energy 1/3
But it’s this kind of childish thinking that will compromise US National Security and harm the poor and underserved. A coordinated SPR release is a quick shot of morphine for a major infection. It fixes nothing and is evidence of a panic 😱 in DC. Prepare for $100 now..#GasPrice
If anyone took the time to review US SPR data, the administration has been selling many millions of barrels each month for the last 90 days. And for context, the globe consumes 100 million PER DAY. A coordinated release of 50 million is nothing at all. Rounding error.#panic
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The expansion of our central bank’s balance sheet is a direct result of the virus (released from Wuhan Institute of Virology) that China knowingly propagated around the world. China’s economy has a closed capital account and is much weaker than the US in its structure. 1/3
The world doesn’t trust China or it’s currency…therefore China must use US dollars to transact with its global trading partners. Given the ‘official’ belligerence of people like @HuXijin_GT..coupled with their militaristic aggressiveness towards Taiwan 🇹🇼 , it’s time 2/3
The 🇺🇸 openly discusses removing China from the SWIFT system by sanctioning their SOE and JSB banks. At some point in time, our economic war gloves will come off and China will be dead in the water without a shot being fired. #China#TheChinese#NationalSecurity@AmbQinGang
It’s funny to me that the media reports how Venezuelan ‘fixer’ Alex Saab is being extradited to the US to face money laundering charges without any of them thinking about the much larger picture…Which global banks and money changers will be implicated in one of the largest 1/3
criminal money laundering schemes in history?I’m going to be looking for HSBC HK to be in that list yet again. Remember when they were busted for laundering oodles of Mexican drug cartel cash and fined billions for their crimes?No single bank employee was arrested or charged. 2/3
Let’s hope the US DOJ charges MANY banks and their executives with criminal charges this time. Maduro’s money is estimated to be in the hundreds of billions..just like every other autocratic leader in the world. Get ready for the banking story of the next several years…#Maduro
Measuring economies using Purchasing Power Parity(PPP) is intellectually dishonest and allows for manipulation. The denominator in the ‘adjustment’ calculation is inflation. In China’s case, they wildly manipulate their inflation numbers lower (despite runaway inflation) to 1/3
artificially inflate their PPP. The other obvious manipulation is the fact that China’s capital account is CLOSED and their exchange rate is fixed by the PBOC. Imagine where the RMB would trade if they opened their capital account and mainlanders could travel, shop, and 2/3
invest abroad. Academics that write pieces about China’s early dominance of global GDP using PPP as the barometer are likely either being paid directly or indirectly by China and their government and shouldn’t be taken seriously. 3/3 #China#US#PPP#LieCheatSteal
In his Oct 9th speech, Xi said he will achieve his supreme goal of the reunification of China. He said it’s not enough for Taiwan to simply avoid declaring their independence…he expects them to actively work to unify with China. The “Chinese Dream” cannot be attained without
Unification of Taiwan. This dates back to the 1999 book Unrestricted Warfare where the Chinese Air Force Colonels discussed “securing the first island chain” (which Taiwan is integral) as mandatory by 2020.
The book was first published with the subtitle “China’s Master Plan to Destroy America” with a picture of the burning World Trade Center in its cover.
It’s important to see through the recent moves by the US and China. When John Kerry returned from China in April and Sept with nothing to show for,he was told by his interlocutors that China would not engage in climate talks without the US releasing Meng from her criminal 1/4
Charges…and demanded that the US cease the genocidal human rights call-outs at the UN and other high-profile places. So what did the Biden administration do? They released Meng, didn’t even mention China as a gross human rights abuser in his UN speech, and had Commerce 2/4
Publicly announce that the US is looking to STRENGTHEN our trade ties with China. In exchange, xi himself publicly proclaimed that the Chinese would no longer build or finance coal mining projects outside of China (whew!). It’s now clear as day that 3/4
China’s useful idiots are the western infantry of the CCP’s propaganda war in the west. Westerners who openly lie for the CCP about the origin of the virus, the genocide in Eastern Turkestan, and anything else they are told to blog about raise questions hongkongfp.com/2021/09/12/the…