Comments by "" (@thomasherrin6798) on "Patrick Boyle"
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monipenny408 China was poor before the UK took over sparsely populated Hong Kong (....and handed it back as a thriving financial centre). China and the UK had a few set too's where around 4,000 died, not a real "war", the UK never took over mainland China but set up favoured nation status for trade on its terms admittedly, the opium wars was a misguided scheme but the trade was legal at that time for the UK, the fentanyl exports by China to the US today is sort of similar if you want a comparison. The UK and Later Europe developed the sea ports used mainly by China today, so it wasn't all bad and China's economy cannot be blamed solely on the UK it was a failing dynasties at the time from 1600's, the minor opium wars, the larger Boxer Rebellion where everybody seemed to get involved, the Chinese warlord Revolution, the Chinese Civil Revolution, and Mao's great leap forward was most probably the biggest downfall, but hey we have big shoulders we get blamed for everything!?!
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It appears that the underlying problem is the unregulated crypto market is bleeding red into the regulated but on the gateway between the two sectors banking market. Involvement with Crypto seems to encourage risk abandonment at a high degree which the regulators need to address, they need to either outlaw crypto or regulate it. The regulators in the US also seem unable to orderly control the bank's which have assets but in the wrong ratio from having these "runs", their job is to avoid it if at all possible, banks should be able to swap bonds to a central scheme for a fixed sum to enable it to access the liquidity of that sum on a bank by bank basis, rather than take big hits on the open market causing bank runs, bank runs are not good for business, the management of the bank requiring this type of liquidity should also come under close scrutiny as part of the scheme. I.E. try not to let the banks fail, it does no one any favours, it is a little like the Wild West days, better alternatives are available, please take them!?!
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Europeans (Germany and Italy in particular) - After the fall of the Soviet Union - We get cheap gas from Russia to power our industry and they are our friends, so we can reduce our defence spending.......2014 Russia invades Ukraine, first time.....Europeans - It's just a limited military operation, everything will settle down, other countries are telling us that alarm bells should be ringing, but we got cheap energy, and they are still our friends.....2022 (8 years later) Russia invades Ukraine a second time..... European's decide Russia is "most probably" a threat and they better do something about it, but can't cancel their oil and gas straight away as they haven't enough time to sort things out, Germany doubles it's defence budget, looks to nuclear energy (but unfortunately 8 years to bloody late), hopes Russia doesn't turn their gas off for winter, delays sending assistance to Ukraine not to overly offend Russia!
Brits: We told you so, you didn't listen and you not only mucked up (With an f) your economy as we are next door to you and are in the same energy market you mucked up our economy (With an f) as well, thanks a bunch and that's another reason why we're glad we left the incompetent bloody E.U. - Now, that's more like it, they didn't bloody know!
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