Putin: "The West came to global preeminence by robbing other peoples in Asia and Africa."
🧵👇
yip
USA has been at war in all of the past 50 years with some foreign country.

Now ask why?
I live in vietnam. The average salary here is about 400usd per month. Imagine yourself living on 400usd per month.

So many western companies have moved to vietnam.

Why dont they move production back to usa in this "deglobalization" (a myth btw)
macrumors.com/2022/08/17/app…
its BECAUSE of the low cost of labor and a huge labor supply.

AAPL doesnt wanna pay a living wage, so they exploit cheap labor overseas.

If AAPL's legal corporate charter were changed to pay the same as they pay in USA, AAPL would move ALL production back to usa.

#Exploitation
This duality of income values - low in vnam, high in the west is a ROOT CAUSE of migration, sometimes to horrific effect.

I know the Vietnamese culture and people...this was very devastating to them on so many levels.

All so they could get a higher paying job so they could take care of their family, a root value in Vietnamese culture.
nbcnews.com/news/asian-ame…
Meanwhile, apple profits explode....

$AAPL **COULD*** pay these people more, but they dont need to....they rather buy back stonk.
They dont pay much more than prevailing wage in vietnam....even tho they could EASILY afford to.

Tim Cook needs to make 100M per year, he knows how to spend it better.

news.yahoo.com/apple-tim-cook…
Until we fix this corporate greed the world will not be a better place.
To be clear - I am not a china or Russia sympathizer; I been to china and thought I was gonna die.

And Putin is a master at lies.

But there is a margin of truth to both Chinese and Russian criticism of the west. certainly not all, but some.

Y so much war from USA?
"Hegemony" - interesting choice of words here...
k - what the f does that mean?
en.wikipedia.org/wiki/Cultural_…
Basically, Putin is saying - who are these class rulers who think they can dictate how the world works to the rest of the world?
Who agreed to these rules?
Who elected them world leaders in the first place?

Imposed sanctions by the west=the west imposing their will on the world.
The whole point of the UN is to solve intra-country differences. The problem is the UN is a shitty non-effective institution.
Because the US Dollar is dominant in the world of finance, and US controls the dollar, the US can play currency games against any country that doesn't play by US rules - in effect bypassing the UN entirely.

Putin takes exception to this.
This Real Vision interview is just incredible - i still refer to it to this day.

Here Drukenmiller talks about Multilateral world, and reserve currency status

"The biggest danger I see is we lose that trust...I dont think it can be lost in 4 years"

Here he is today 👀
Hegemony
Now I'll answer - the way the rich preserve their wealth is thru hegemony; our way or we bomb you back to stone age. Well, now these countries have a choice: usa way or china way.

China really isnt much better, but china doesnt interfere in domestic affairs like usa does.
USA wants to impose ITS values and way of life onto the world - movies, capitalism, all of it...here in vietnam, did you know van diesel is very popular (fast and furious)?

This franchise is hugely popular in asia.

Hegemony.
This is in kuala lumpur Malaysia - a MUSLIM MAJORITY COUNTRY - they dont believe in santa claus!

All malls are like this in malaysia at christmas time.

Dear lord.

Hegemony.
The same goes in vietnam a Buddhist majority country.

Capitalism and western hegemony erasing traditional culture around the world.

Is this good?
Hegemony
I do not think its going to be russia to break hegemony....rather, if anything its going to be china, or a bunch of these autocrats will need to collude (aka mafia teaming up together) to attempt to break it.
I watch as Putin and his minions threaten day after day to use nukes - the achilles heel of western interests...
And its not just Russia. China has done the same
And here is that video - this propaganda is to give the west pause.

US has exported its manufacturing, and in return, allowed a superpower to grow.

Now the west must figure out if it wants to pass that torch and allow this growth to continue - and a military threat - or return to an american fortress mentality.

heritage.org/missile-defens…

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More from @frankoz95967943

Oct 1
This got some attention, so let me explain...
🧵👇
Most ppl are under the assumption that they can get anything they want any time they want.

But the planet doesnt work like that - there are ALWAYS supply constraints - part of the issue you see now at the gas pump is limited supply meeting high demand.

A constrained market=++$$ Image
I am not calling for peak oil, but I am suggesting there are limits.

There are limits on food. Fuel. Housing. Water...all around the globe.

There wont be enuf to go around at some point, then we get famine and wars.

Read 13 tweets
Sep 26
I am not saying these are correlated.

I am saying this is interesting

It looks to me that china is selling the f out of brit bonds.

$USDGBP #POUND #BRITS #RUSSIA #Ruble
Ok, now thats even more interesting

#1 points to a swap with GBP - everyone freaking out about a crash - no - this is intentional.

Brit pound is nuclear bom in the formula - notice its a mirror image of what GBP does (blue vs purple)

GBP moves HEAVILY influence formula.
What this means is if you were holding oil contracts in Pounds, oil price CRASHED bigly.

You will liquidate your position (or buy cause its now cheap) - im betting the liquidate after looking at the oil price move.
Read 6 tweets
Sep 26
The back story to the back story.

Iran protests; the young woman who was killed by the 'morality police'

Zhina Amini was a Kurd from Saqqez
en.wikipedia.org/wiki/Saqqez

🧵👇
This is example of city life where she from (i love culture so much)

Notice ALL women wear head scarf loosely (if at all)

And like any city, they have some problems.

Namely unemployment, which almost always results in drug abuse (disease of despair) for those looking to ease the pain.

Read 8 tweets
Sep 25
One of the most beautiful things to see around the world:

Woman power.

And it should not be under-estimated

A collection of examples

This makes me so happy (and sad) - but I am so proud of all of you.

🧵👇
Read 10 tweets
Sep 25
"we comply with the laws and regulations of the countries in which we operate"

International operations - this is important to understand what exactly this means.

🧵👇
I am american living overseas. Even tho i am over 8000 miles from "home" i am still bound by USA law.
bloomberg.com/opinion/articl…
BUT this does not apply to LABOR laws - a USA corporation can set up shop in say vietnam.

USA labor law stops at USA borders.

In Cambodia, its very common for workers to be FORCED to work overtime .
Read 16 tweets
Sep 20
Has anyone else noticed that when the canadian dollar gets weaker (usdcad++) the price of oil goes down?
🧵👇
Or how the vix used to be correlated to USDCAD?
Or how JPYCAD is tightly correlated to ca30y...as if someone in japan are the ONLY buyers of canadian treasuries?
Read 4 tweets

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