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What people in Britain want is to sort out the problems at hand at the moment, not create new problems. With regard to the energy prices cap, people who can pay it are being subsidised as well as the people who can't pay it, but next year it will only be the price cap (£2,500) when bills were previously (£1,250), and the people who can't pay (Or people who can't pay all of the increase) will not get any further assistance (£650 to £800 this year, as well as the £400 everyone got) while bills have still in real terms have gone up by £1250, so the people who can pay get two discounts, and the people who can't pay get one discount, obviously it isn't going to create any problems whatsoever, the energy companies won't struggle to collect the debts or anything!?!
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EU got bigger problems, Germany in the future not being able to bankroll them being number 1 (They have to pay market rates for energy and increase defense budget 100%, also infrastructure development over 20 years for LNG and Nuclear), Italy, Spain, Greece number 2 (That just means they are a load of cr&p economically speaking!) Britain will do an Economic deal but NOT a political one (Even the EU must realise by now that political union is a non starter, just ask Hungary for one!), EU also has different factions East/ West - North/ South. Also, and it's a big one always touted by the EU, it DIDN'T stop a war in Europe, and the US and UK did more in the aftermath than the ineffectual EU (I think they were hoping Ukraine would roll over so they could keep their cheap Russian energy with their blood money {My precious - They are still hoping to keep it, they will never learn})
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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 seems like the C.C.P. is in a worse debt spiral than I initially thought (The U.S. and Japanese comparison to China was particularly telling), I assumed that this would get out of hand in 10 years, but it may be more nearer 5 years, it may be a reason why the C.C.P. want control of everything at present, including private enterprise as they know that a challenging time lies ahead, and they are laying the groundwork for a master plan, only trouble is it's based on non productive labour for questionable infrastructure projects and syphoning off private companies, which will reduce investment, a broken property market and citizens savings in banks look more likely of being used, in part, for the extension of C.C.P. funds. They appear not to want to release monies to the populas and retain too much for themselves, which is the only way to move forward productively to the next stage of development! (They are "Doing a Putin", doubling down on previous bad mistakes!)!?!
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@zeriel9148 Russia is advancing backwards on day 400 and odd of a 3 day war, it's economy is in tatters, it's just had a coup attempt from the most capable Russian military in Ukraine, Putin is weak and the Russian army is being purged, gloss it any way you like comrade, the invasion was stupid, Russia have been majorly inept in the war, and it can't see a way out except by an utter defeat at present, Ukraine will liberate its territory, it may take a while and it will adjust its plans to suit it's needs, but the majority of the West is in it for the long haul, Putin on the other hand is most probably is not going to remain to see the outcome of the war if events get any worse in Russia!?!
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@sweden_is_xxxx The Russian Rouble is worth one cent of a USD and falling, it would cost Europe far more to let Russia achieve its ambitions, comrade, the cost was high initially due to Mainland Europe's dependency on Russian energy but the "whole" of Europe is transitioning it energy supply and it will be majorly renewable energy independent by the 2030's, and totally energy independent by 2040's, the first continent to do so, and the energy can be permanently generated in our own backyard, this "minor" recession will be long forgotten, Russia's energy revenues will never recover and are at 50% of their pre war levels, and will likely get worse, comrade, there is no good outlook for Russia and their illegal and barbaric invasion only pain!?!
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China wants foreign investors but instead of fixing its many systemic problems it seems fixated on starting a war in Tawain, which will surely drive the remaining businesses (I don't really know why they are there at this point as the risks are so high) away from China at a rate of knots, it is compounding it's errors in governance at present, the Wider West will not accept China ruling Tawain even if it does take it over, it will be heavily sanctioned just like Russia for decades and it's neighbours will be far more aggressive to Chinas incursions, and for whatever reason it does take it over will pail into insignificance for the true cost of war, nobody is threatening China, Tawain is not going for further independence than it has at present, the US is not pushing Tawain to alter the status quo, and yet China is jumping up and down with uncontrollable rage with each year of Xi's leadership, it really is getting to a level now where the Wider West should pull the plug with China!?!
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Chinas economic boom stopped in 2008 when non-productive debt took over, they have been amassing a debt burden since then, COVID has worsened the situation and still is, its debt burden is $57,000,000,000,000 approx. and counting. World Trade will continue with or without the U.S. as it has always done since ancient times, and if it does withdraw it economy will depreciate further, it will no longer be the reserve currency and it will not maintain its security budget, you don't need a big military to guard your back yard, especially when most of your citizens have six guns!?!
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The lower transport emissions saving is 20,000 tonnes per year, as well as the mines aim to use carbon offsetting during its lifetime, something that most probably didn't happen as the coal was imported from U.S., Russia and Australia!). We import coal for steel making anyway and to a certain extent will still continue doing so, so it makes no sense not to have a local mine in the U.K. I do understand how coal mines are as my father was a miner and I do not envy the people who are going to work there, it's a dirty job but it does have monetary rewards, most ex mine workers here would have continued working in the mines rather than have the mines closed if they would have been viable, and conditions today will be a lot better than they was then, although the industry improved as time passed in the industrial revolution as it was originally dire. We cannot expect the rest of the world to carry out the dirty bits that we can do ourselves for our stuff (And we do need stuff) and we would most probably do it better for worker health and the climate, so the greens should wrap up and go to the worst polluters and sort them out - Like China!?!
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@timothykatende8484 They are only taking on Ukraine fighting force and volunteers, Russia has a fighting force (No. 2 in world before they embarked on war), volunteers, mercenaries and criminals. The Wider West is only supplying defensive weapons (As per the peace agreement which while being signed by Russia also, has since been broken by Russia twice), and this is below Russian Army donations. Russia was warned of the consequences of their actions before the invasion (Prior to the invasion Putin said Russia was only carrying out military exercises in Belarus and had no intention to invade - Did you forget that!), they had guarantees from Ukraine that they would not join NATO before the invasion, then they illegally and barbarically invaded Ukraine anyway, nobody is attacking Russia (Except when Russia lobs munitions over the border!) so all they have to do is withdraw from Ukraine. In summary therefore it is of little use blaming the West for Russia's illegal and foolish actions, they have only themselves to blame, and their economy will drop by at least 10 places by GDP and will in a few years be below Poland, and hopefully booted out of Ukraine, some victory!?! (Note - U.K. recent problems were self inflicted but as we can reverse our course (Unlike Autocrats) things are nearly back to normal, and the majority of the UK still supports Ukraine's defence )!!?!
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@Olodus The Russian federation does not and never had the economy to carry a large scale war in Ukraine, indeed it has lost that war, now it is a case of how much they are going to lose by. Russia was already going through a demographic crisis, losing a million emigrants and half a million or more in the war will greatly increase an already terminal problem, Russia will not be able to sustain a credible army to defend Russia, let alone wage war, this will be the last Russian War regardless of what happens in Ukraine. Ukraine has a difficult task to complete, but it has the resources to do it, it must also have the will, which in 2022 it demonstrated that it did, Russia is having a minor advance in Ukraine in 2023 but is expending a lot of its second army, it's first army has already been despatched, if Ukraine has the determination to stage a counter attack when the Russian advance is halted, it will be the end game in Ukraine, Russia will still be a bad neighbour but it's military ambitions will be quelled!?!
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I do not cheer for it, and wish it never had to happen, but Hamas rather barbarically forced the issue and their supporters danced in the streets, Israel does not have other options as Hamas doctrine is to eliminate all Israeli's, the "Palestinian" or "Hamas" dancers are not dancing now because their streets have been turned to rubble and their losses will be far greater, this should have been foreseen as the most probable reaction to their actions so they have bought it on themselves, unless they are under the misguided impression that another state will help them out, the Israelis should not be dancing because they have suffered a barbaric attack and more losses will come from tracking Hamas down in Gaza and eliminating them, and they will always be at risk from attacks whilst the conflict exists. At the end of this phase if the conflict the situation will most probably not be improved and the way forward will be difficult for both communities, I doubt if there will be a solution in my life time or several life times, they have decided to continue a forever war!?!
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The US is independent in most things and at the top table in military and technology, it can if it chooses to "live in a bubble" however that does not appear to be what's happening, China has criticised the US policy for decades, but the Russian War in Ukraine has made the West and particularly the US to evaluate its strategic planning and China has not fared well in that evaluation, it appears that China has gone from priority partner to systemic threat in one and a half presidencies, and whilst the one lacked detail on how to legislate it, the half is doing a thorough job, at present, of ensuring corporate US will abide with the governments rules on China or fall foul of the law, the US has galvanised the Wider West in support of Ukraine to help it defend itself against the barbaric Russians, China has done itself no favours by siding with Russia effectively against Ukraine and the Wider West, the longer the war continues the less likely there will be a constructive truce between China and the US, and decoupling is the current priority of the Wider West, not just the US, however the US is advancing at a much faster pace!?!
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West bad, China good same tune, different song, I wonder how Chinese savers feel about it, but I suppose their money is absolutely safe in the hands of their leaders and Xi is the master economist, he wasn't educated in it but he "knows all" like a gift from the Gods, if he believed in that sort of thing. I wonder where his three red lines fit into all of this grand strategy, but we, the unwashed, all wait with bated breath until the day of culmination of the master plan, hopefully the effects will only be felt in China!?!
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I suppose the trouble with China is it takes the high ground of other countries must observe international laws etc. when it's in "its" favour and the low ground if it does not agree with their position i.e. Ignoring international law, and all the other contradictions in-between like IP theft, corruption, having agents in other countries carrying out Chinese policy etc., they are a one way street and they highly criticise their biggest and most profitable customers, it seems a strange policy. The US policy is a little strange to fathom also, the security aspect is easy enough to understand but the continued cooperation with China (Like the way Raimondo indicated, either she has a thick skin and assumes China is sunk or is an air head and delusional {Like Bill Bishop stated} I haven't worked out which one as yet), but it was a bit like Blinken stating they wanted to continue working with China when he visited, however foreign business is being driven away by Draconian incoming Chinese regulations which means they can be arrested and jailed for no good reason at all, and if it goes pear shaped they can say goodbye to the dough!?!
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@tedmiller9534 I think that Jakebro himself would say that Anders is the expert, it is rather evident, you are obviously not understanding what Anders is saying, the numbers of depleted Russians and Ukrainians are of little significance as even at the high end both can sustain the losses for several years, it is the battle of wills of who wants to sustain those losses (Whatever they are) and as Russia is delaying mobilisation because it's a sensitive subject , they appear to be subject to more pressure than Ukraine, although both have problems in some recruits avoiding military service, which is the norm when called upon to fight for your country, whichever country that may be, some people will try to avoid it, that is why the penalties for same are high!?!
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@kevinfisher1345 I boil the kettle twice (around 2 and a 1/2 minutes for the first boil @ 3,000 watts 240v in U.K., then a further boil for 15 to 20 seconds) to make sure the water is at 97 Deg. C or higher when making strong tea around 4 to 5 times a day (Without sugar or milk), have done for 30 odd years, 25 years before that with sugar and milk, you can make it how you like it, there are numerous variations, hence the expression "not my cup of tea" it relates to how many different ways you can make such a simple staple. I also use an induction milk kettle for coffee, all milk and instant coffee, this is slightly longer at just over 3 minutes for 1/2 a litre (Nearly one pint) of milk, only one or two of them a day however and only for the last 5 years or so. I also use a kettle to boil water then place that in a saucepan and put it on the element of a cooker to boil eggs, once the water is bubbling I turn the eggs off and leave in the hot water for 5 minutes until done!?!
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The first with patriotic education (Most probably from 1949 onwards) is a bit of an eye opener, the teachings of Xi will be forefront no doubt, China is becoming more introspective with each year of his rule, but Xi's missives (...and that if his sycophants) declares a dominant China with a new world order (Choosing the Russian leadership as a hostage, I mean allied state in their objective, well it would be tough to include India as it looks likely to be in the Quad!) like it's a World take over, but they can't even look after their backyard at present. I don't know who's trying to be more outlandish Putin or Xi at this point, but Xi I suppose has a total grip on his country (Well until the military posted that missive about how the party is in total control of the military, that sort of seemed slightly strange, it was a reassurance without the how?). One wonders how they got into power, I suppose by being ruthless (...but what has Ruth done to them I hear you ask, but I digress) but maybe lacking the statesmanship required to effectively run a country!?!
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When you refer to "Europe" you mostly mean Germany, France has an abundance of Nuclear (A lot was on refit unfortunately in 2022 and quite a number need to be renewed). The U.K. is building one plant at present, has approved another one and has plans for six more on existing sites for completion by 2050 generating over 25% of its electricity, also it expects wind power to majorly generate all electric power by 2030-2035, Spain and Portugal have renewables in progress especially solar, the Nordics are embracing renewables, however Germany and Italy have no plans for New Nuclear, and their renewable plans are unclear as they are depending on carbon energy at present, along with the Baltics, so it's;
2030-2035
Nordics,
U.K.
2040
France,
Spain/ Portugal
2050
Germany,
Italy,
Baltics.
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@zeroxox777 We cannot absorb the World's immigrants, there are to many of them in failing countries who do not take advice, and our land and resources are finite, so therefore we should decide who comes into our country and not the other way around. Every person in the U.K. should have self responsibility and should not embark on destruction, if they have problems at the start of their life they still have the rest of their life to turn things around, addiction of any type does not improve matters, it's all very well to look at others to solve your problems but the switch is in your head, and a safety net does exist, it's not a five star safety net, it assumes you will progress out of that stage to a more independent way of life, a small number are unable to look after themselves, and provision is supplied by the NHS, some of which is not adequate, and some of it is abused!?!
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China's Economy is in total debt to the tune of 54,000,000,000,000 U.S., it's current (....and past decade) economy is not 18,000,000,000,000 U.S. GDP as it has systemic problems and it needs stimulus packages to maintain its "growth", the size of the stimulus package is huge and reflects the gap in actual to C.C.P. generated GDP, it has been alluded that China will gain income from the stimulus package but unfortunately they are putting 8 dollars equivalent down to get 1 dollar back approx. (Michael Pettiss China Economist), which is unsustainable, but don't take my word for it, I'm not an economist. Note - For reference the U.K. debt would be 10 trillion pro rata equivalent and not 3.5 trillion and the U.S. would be 93 Trillion and not 31 Trillion if it had the same indebtedness as China presently, so I "think" China has a debt problem!?!
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China is practising for war for any minor reason, and has stated its intention to take over Tawain in the near future either by blackmail or invadion, and an invasion on Tawain will have far greater repercussions than the war in Ukraine, it also wants the South China Seas which it lost the International claim for, China has however decided (Much like Russia) it will impose it's own will on the World Order. The UK engaging or disengaging with China does not make that much difference to China's policy, it treats us (...and the rest of Europe) with disdain. The UK's and Europe's interest lies in siding with the US in a united front, rather than getting caught up in another debacle like the Russian energy crisis where Europe was cruelly exposed, we must decouple this will not make China stronger. The BRICS countries - Brazil mired in corruption and debt, Russia is going into recession for decades regardless, India will trade with both parties to suit its interests, China has more debt than the Wider West combined and South Africa is mired in corruption and going into reverse!?!
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@yiping7193 Population reduction is a good thing as long as it is managed correctly, however China has substantially altered the male to female ratio from the young to middle age when the one child policy was in force, that is not such good news, and the increase in the older non-working (Or non productive if they are working) population is going to swamp the working population. I'm sure most economies want to transition from low end to high end manufacturing, but few do, and the high end market equates to only 10% of China's exports at present, even if they were able to double the production of this market, which might be unlikely as China's competitors are hardly likely to allow them to "crash their market" it is not enough to pay all the bills with big declines in property (There would be a greatly reduced need of property if the population is going to reduce by even half of the projections) low end manufacturing will reduce to 50% of what it is at present with no workforce, social care bills for the elderly will increase at an alarming rate, and the families or the state have to pick up the bills so that will still be a burden overall, even China's military will be affected as this is mostly a large amount of young men, who will be required to be deployed elsewhere!?!
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@evancoles He has an inkling that Russia may still win, and on the battlefield that does not seem to be the case, he says that we have to wait until Spring to find out if Russia is getting its act together, but to me for the last 4 to 5 months they have disintegrated at an alarming rate. Ukraine appears to attack quickly, take large swathes of land, pause and regroup, then repeat, the mud has held them up a little bit longer but I will be surprised if there is not a further surge before Xmas, something is moving on the battlefront with probing etc., but the target has not identified itself as yet, looks like the North to me, but could be the South, but most probably not the middle, if they capture the 2022 invaded land back it all up to the Himars then to reek destruction on the logistics and army as all targets are within reach, the war will be over by Autumn of 2023 in Ukraine!?!
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Bill Bishop is a card, jump on the property band wagon now, but 80% of it is in third tier cities which are going down with debt, but 20% of the market functioning is great he says, it looks like it's gone up in smoke in reality, the property sector needs resetting, and the unfinished apartments are a silent scandal at present, how can there be any confidence in that market, yes people need houses, but there are not so many of them now, the property sector is going to have to reduce by 40-50% and prices are going to fall on existing apartments!?!
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Falling out with the biggest economy is a sort of indication that things will not go well for you however, and China is not the biggest economy. De-Risking or self sufficiency cuts both ways, but the US is diversifying what China did to more friendly countries or reshoring, so their impact will be reduced to China's, and China does not do much innovation, not in the high end lucrative stuff anyway. China already is spending big on non productive infrastructure as a normal part of its GDP, but as the failing bits are not generating enough GDP it might have to increase that aspect of the GDP further, this means more debt, which are at record levels, why some economists don't think this is a major problem is beyond me, but similar with Japan's economy I suppose a substantial amount of economists didn't see it until it run over them!?!
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@jacobgordon7998 Our entire society is not built on unlimited growth, most of it is built on sustainable foundations, like farming, families, sustainable housing (Long term planning like over 200 year old properties, not the throwaway type!), Sustainable industries which use products that can be recycled and these days sustainable energy when we reduce from carbon (It was ok to use carbon otherwise we wouldn't have industrialised and there was no alternative), but there are no excuses for developing nations today, there are elements of our development which adopts the throw away culture and that will hopefully change over time, humans will adapt and the World will continue even without us for one billion years, humans have only been on the Earth for 300,000 years, dinosaurs lasted 150 million years!?!
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Germany was dependent on Russia Energy to the extent it was a laughing stock, it's only since Nord Stream explosions that the government's resolve has changed to Russia's internationally illegal and barbaric invasion. It has further dependence on Chinese parts for its automotive industry that should also be looked at. It is a member of NATO and has obligations in that regard, (along with all other members) of which it has dragged its feet. It will be a tough winter without Russian energy but after that hopefully long term "reliable" alternatives can be made without "strings" attached, Germany should have been more independent, however the U.S. has little to do with that, the previous German politicians are to blame, especially Ex Chancellor Schroder who should face a trial for fraud, Germany will come through this better than Russia, but it should never have got itself into this mess in the first place, they have been greedy and foolish, and Trump is laughing now!?!
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It is a widely shared view amongst economists, but, as is the trouble with economists, there are wildly differing views. The C.C.P. are not unaware of the problems faced in China, but it is one at present that can be kicked down the road, for a decade, while they keep near absolute control, part of which they would have to relinquish to progress the economy to the next level, i.e. it is a slow puncture crash, but maybe quicken at the end when confidence (Capital) runs out, and Mr. Debt repayment comes knocking!?!
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We import this type of coal normally from Russia for steel making, as we are required to make steel for our own security (Unless we rely on China, but they also will produce steel with more pollution anyway?), it makes sense to not use the Russian stuff and use our own reserves until we have a viable energy policy that can do away with it all together. So, if we didn't open the mine and create British jobs we would be subsidising Russia jobs and their military aims, a win win, nothing to do with the climate here, it's all about U.K. independence, when renewables have sorted the energy storage problem then we can go fully green, but that is some way into the future, it's not happened yet, so stop bleating!?!
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She was handed an energy crisis from Europe, her assistance package in this regard, was sort of all right apart from the part where rich people are handed refunds, when they should be paying, which in itself would have been broadly accepted by the money men, but her chancellor with her blessing, decided to "hit the ground running" with unexpected tax cuts and no funding plan, the markets read this as expecting them to pay for Tory handouts to the rich, and it went through the floor, a Tory M.P. said he hadn't rolled the pitch, it was more like he bowled a grenade from the left field, so in conclusion he should already be sacked for a major lapse in market confidence from which he will never recover and she should put herself up for election at the earliest opportunity and the electorate will tell her what to do with her policies, she might win, but I very much doubt it!?!
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No foreign investors should invest in China as they might lose their shirt, unless there is a very good reason, but it is hard to see "one" at the moment, it is easy to spot several systemic problems, the property sector being one of them, Xi bought in the three red lines, a sensible policy, poorly executed, which effectively crashed the property market, which the CCP has had to prop up ever since to avoid a catastrophe, they are paying the market off from mainly private developers to mainly state developers over the next few years, and trying to complete a number of uncompleted apartments, again over the next few years and stimulate China's citizens to invest in properties, and trying to increase sales, property prices remain ridiculously high and sales remain ridiculously low so the market should adjust to the new normal but Chinas GDP would be compromised. China's double digit growth up to about 2007 was fueled by productive infrastructure investment, from 2008 non-productive investment to keep up GDP was the preferred way forward, this has involved China in 57 Trillion USD of total debt to date, an interesting amount as it is practically double the US debt!?!
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The C.C.P. on both COVID and property have jumped from the frying pan and into the fire, it appears to be making terrible forced changes to direction and therefore the economy must be in dire straits and everything must be secondary to that priority is the new plan, this is going to increase debt at an unprecedented rate, and the cost to the elderly and vulnerable people of China will also be great in the near future, it is truly unfathomable as better options (Well I suppose there is no good option for property, it just has to reduce to the real market demand which is 40 to 50% less, in China the population will reduce by the size of the U.S. population by 2040-2050, I.E. 350 million less, by 2100 it will be a further 350 million less!) existed but, in the end, were squandered!?!
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@geralds6131 The dollar is stronger than ever, and Russia has caused a mild recession in Europe, Germany will bounce back (It did a sterling job in integrating East and West, and hopefully has learned it's lesson in being reliant on Autocrats) as will the rest of Europe when Russia energy is purged out of the system by the end of 2023, and Russia is going off a cliff, rapidly for 10 to 20 years! I suspect that in 10 years time Ukraine will be more prosperous than Russia, which will be a turn up for the books, but in consolation, it will still be buddies with China, they won't give Russia anything mind, just be friends!?!
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@17arando Yes Europe's troubled past and present, in Wales with a population of 3.5 million presently it has the most castles per square mile than any other in the World, they were used in the middle ages to quell the locals which failed overall, the country is 170 miles by 60 miles, since the act of union in 1707 it has been involved in 120 wars in 170 countries as part of the UK, and the UK has never lost a war, we are currently having time off for good behaviour, the UK was last invaded in 1066, European countries have the top 4 out of the top 5 in most wars fought, India is the fifth, fortunately or unfortunately it's in our DNA!?!
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The progress is slow but steady and is keeping Ukraine loses as low as possible while maximizing Russia losses especially when Russia counter attacks after losing ground immediately, Ukraine should take advantage of this scenario by temporarily defending the position to gain maximum losses before proceeding with their advance once the threat is eliminated, that is the aim of war to inflict such losses that the enemy retreats from the battlefield, it is not about gaining territory because if the other army is intact they can counter attack at a future date, it's about wiping out the enemy so there are no more attacks. It can be noted that the Russian military are the ones under pressure that's why the personnel changes are being made at the top, a clear indication that all is not well in the Russia camp, we should support Ukraine in any case until they are able to boot Russia out whenever that is, if it's not this year, then next, Ukraine is not getting weaker they are getting stronger and with more Western hardware on the way including a big increase in munitions, things will improve, Putin's plan is to delay things at present and hope the West does not continue to support Ukraine in the long run, that would be the biggest travesty in my eyes, we stay the course, Russia will still be a bad neighbour to all concerned, but it's claws will be removed!?!
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@oltedders Neither does China, it has around 500,000 occupied houses (70 Trillion USD) 90,000,000 million unsold homes (10 years supply - 15 Trillion USD, but they build 6,000,000 new homes per year so 17.5 years currently!) and 60,000,000 (5 years supply - 10 Trillion) of not likely to be built but paid for homes, this means the GDP amount should reduce by 50% overall, the house prices by 50% overall, and banks by who knows, but catastrophic!?!
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Germany Kowtow's to Russia again, "Do not underestimate Russia", the country that deeply underestimated Russia for the lure of cheap energy for three to four decades, even though U.S. and U K. advised them not to be reliant on same, Germany the country who are now crashing the European Energy Markets due to their ill advised policies - Yes Germany, I think we need a lecture from you right now! ( Germany should investigate how it got so embroiled in the Russian Energy Market as it seems to me that bribery and corruption abounded in their decision making, starting with Putin's favourite German {After Hitler of course} Schroder, as Germany in effect financed the Ukrainian War for Russia. I think we have overestimated Russia, and underestimated Ukraine, that doesn't mean they won't try some dirty tricks down the road, they are Russian after all, but that has to be met with greater force!
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@SeventhGod77 Trans people don't harm others, why would this be? Because they have found their inner peace, or is what you are saying a little stretch of the truth because in reality they could quite easily harm others, like most humans are capable of, they do not have their aggressive side removed in transition, so one must look at the fact that men transitioning to women can cause harm to women as majorly men are physically stronger than Women, this is an inescapable fact, this is why Women in particular object to trans men in their safe places because it could affect their safety, like in the UK when a male sex offender when imprisoned and said he was transitioning to be a female and preparations were made for him to attend a female prison, however due to the public outcry this did not happen, you should be able to see the dilemmas that this can cause, it's not rosy in the garden of Eden, there are people with devious and murderous intent, and some of them could be transgender or say they are, they are not all goodness and light, it's foolish to think otherwise!?!
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Blah de blah de blah, Russia has more problems, Europe has a temporary energy problem caused by Russia's invasion of Ukraine (And German and Italy should have mitigated this problem, but they couldn't see the problem in front of their face, despite warnings from other countries, but that's another story) once this is resolved maybe next year or the year after in the short term with new oil and gas contracts which will cost a little more, and with nuclear back in Germany in a longer term, Russia will have a much bigger problem for decades! Europe will have a minor recession, which, in the circumstances will show resilience of the economies, Russia will have a systemic blowout and won't be a gas station anymore either!
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He did, the dollar was not going to fade anytime soon he said, as 65% of the World trade is done by the Wider West, BRICS countries are not fairing well, Brazil and Argentina are mooting a common currency but Argentina is starting from a low point so it is unlikely to get off the ground and will take a decade if it does, Russia is in an expensive war and it's economy is deflating at a rate of knots, India is showing promise but has burecratic hindrance to foreign investors and companies, China has 57 Trillion USD in debt to date so not a good recommendation as they will be the defacto backstop to the "new" currency, South Africa is mired in corruption and mismanagement. They could start a new currency, or use the yuan, but it's foundations are not structurally sound for doing so!?!
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@elbuggo If you have a large supply of carbon energy you would use that (Hopefully as efficiently as possible), however if you do not and are subject to the hostile OPEC and OPEC + Cartel, your options are to keep on paying their extortionate prices or do something about it, Europe has decided to do something about it, it's energy structure will be majorly renewable energy by 2030-2035 and energy independent by 2040-2045, this will cost a lot of money Initially but will give Europe Energy security and a more reliable and reasonable pricing regime, this is happening at quite a pace at present, recently (2023) the regional Railway lines in my area switched to electric trains (A large part of the main line are electric), the city buses are 50% electric from 2022 (Not so much the regions as yet), new houses are majorly solar and heat pump with improved insulation, the Russian invasion has accelerated all this change, they will find their most lucrative market is lost forever!?!
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@PPPP-kg5zz At the start of the war Russia was firing 60,000 shells a day, at present it is at 20,000 shells a day, Ukraine is firing 2,000 to 4,000 shells per day, the Wider West will be producing up to five times as much munitions as Russia by mid 2023, and initial Russian war stocks are depleting drastically, Ukraine will have as many, if not more shells than Russia by Autumn of 2023, if the war continues into 2024 it will have double the amount.Ukraine is becoming a no fly zone to Russia so the only thing that is required at present is 100 mile radius missiles to attack Russian artillery and logistics, jets would not be effective at present as Russia has air defence and Ukraine would have better use of armoured vehicles and missiles!?!
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@solvableknave9141 Blah,blah,blah, they already said that Portugal (Which is still in the EU, go figure), and others, take a different stance, so call it what it is, trying to inflict punishment on the UK nothing more, nothing less, but we will take the "punishment" to remain outside of the EU clutches, we will remind you of your intransigence though, and the EU are masters of their own downfall at present with the Russian energy debacle and Germany and France bowing to China, it will all end in tears, but you would rather collaborate with your enemies rather than your friends, how strange!?!
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The immediate problem is COVID, a solution exists, it has already been implemented in the West. It has not been implemented in China because they have chosen the lockdown route which Initially worked, but however, as the virus has become more transmissible it is not working now, due in part, to relaxing of lockdowns. The C.C.P. is not going to stop lockdowns unless a viable vaccine is in place as the problem goes up by a factor of 10, which they found out in Hong Kong. The C.C.P. has not indicated that it is ready to carry out vaccinations from the West on the elderly and vulnerable (At least two doses, maybe three, which will be a six to 12 month programme where lockdowns must remain in place). The third option is to continue with the lockdowns and deter protesters in their usual C.C.P. fashion by intimidation, beatings, imprisonment etc. which at present is still the preferred route. It has very little to do with the West, and the West will not change China's direction of travel, so a lot more pain for the citizens for at least three years or more, with the C.C.P. still in charge, things will have to get a lot worse for any major changes to be made!?!
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I think Peter is only looking at most at 50 years into the future, and it is only a prediction, events has a way of changing things in unexpected ways, I think he's referring to a time in the Middle East when carbon will not be the main energy source of the World, which may be because known reserves are due to run out in 50 years at the present rate (Or another 50 odd or so years if more reserves are found but most probably at greater cost), or if renewables are likely to take hold of the energy sector, a great movement forward which could become a game changer is if they sorted out the energy storage for low cost conundrum, then renewables can be accelerated at a fast pace, obviously any two of the above scenarios would be a nightmare for the Middle East, without oil they are unsustainable in their present form, how big the collapse is will be governed by the rate of progress in renewables, which at present, due to Russia and OPEC's weapoinising of energy, is changing at a very rapid pace in the majority of the European Continent, it will be majorly renewable energy independent by 2035 and energy independent by 2040-2045, I'm not counting on Nuclear Fusion at this time as that is into the next century before it can be widely deployed at the earliest!?!
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At present there is no advantage to widening the front for Ukraine into Russia, Ukraine must concentrate on booting the Russians out, they need more air defence which is being supplied and will enable them to reduce the threat to Civilians over the Winter period, in Spring it won't make so much difference, however the air strikes are not hindering the Ukraine Army from their task so have very little effect on the outcome of the war, which hopefully will be a Ukraine victory, if at this time Russia still lobs missiles over, then Ukraine should be supplied with arms to attack their bases as required, after been given a warning that this will be the consequences, softly, softly catches 🐒!?!
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Europe is going fine. Russia lost 500,000 when the war started, 300,000 mobilised and 700,000 escaping mobilisation of mostly young tech savvy men, that is a big dent in the future of its working population and gdp which is also funding a war which has cost 700,000,000 U.S. to date and 1,500,000,000 U.S. if it finishes by Autumn of next year (All it's G.D.P. for one year gone). So Russia is supporting its currency in a limited market, propping up its failing industries, struggling to sell its energy, supporting an expensive war and losing 1.5 million young workers out of the economy, of which most might never return, creek and paddle comes to mind. Ukraine is fighting for its very existence at present so the economy is coming second, but will be looked on favourably by the West with some of Russia's withheld sanctions money coming into play, it will not take to much money for Ukraine to be reconstructed, about three hundred billion (three hundred and fifty billion has been held from Russia).
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@markgarcia8253 Europe currently needs an alternative to Russian energy, which they now get from Multiple continents, I would not say Europe was poor, but it is going through a major energy change, and is on course to be powered mostly by renewables in 2035 with a 10-15% reliance on Carbon, had Russia not invaded Ukraine the transition would have been less bumpy, but it would have had some bumps, OPEC and OPEC + are trying to stymy renewables, but their hostile energy market has ensured part of it's own demise. Asia is far more reliant on Arabian oil than any other continent, and may have bigger bumps down the road. Africa and South America have lots of natural resources but even more corruption, North America and Australia / NZ have a lot of reserves and will be well positioned in the near future, but will also have to develop renewables in the long term, Russia will be looking East for its future, and I see a continuing decline, it will never fully regain the profitable market it had in Europe!?!
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John Cleese is a comedian, not a head of state, he has views I do not share although I am not that much younger than him (I liked Fawlty Towers, but it was a little middle class), I don't think he is a bad person, he can say things which other people would leave unsaid, but has a right to say them, there are people of violence who are far worse and yet seem to command more respect these days, I have my views and they do not align much with the cancel culture brigade, but as I live in a free country I worry little about these zealots, or any other zealot who tries to impose their will on me, I have a "standard" brain and I use it for my own purposes, not theirs. I think J.K.Rowling has been shabbily treated by the majority of actors and producers of her films and also the people who issued violent threats against her legitimate (Non-violent) concerns she has expressed over the trans debate, again it seems like another sort of witch hunt process where you can be burned at the stake if you don't have the same views as "these" zealots!?!
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@victorzvyagintsev1325 It's not included in their plans, for example, taking more than 3 to 4 days, Russia just took rucksacks and packed lunch as they wasn't expecting much opposition from Ukraine, the Russian soliders all booked holidays in Turkiye for the Weekend, and then the pesky Ukrainian's turned them back from the Capital and Karkhiv, they then had the audacity to launch a counter attack against Kherson and then hopefully Crimea, the Ukrainians are bogged down a bit and losing ground in Luhansk and Donetsk, but as Russia only gained 5% land from 2014 that's 6000 troops for each 1% so they need about half a million further deaths to achieve victory in Ukraine, meanwhile on the other hand those pesky Ukrainians need 40,000 troops to die to boot Russia out (Which will increase Russia's death toll to only 100,000)! This is without the full effect of sanctions being applied by the West, which will kick in by Spring next year, all in all a great victory for Putin, well we'll leave the Russian T.V. to sort that one out, they are pretty good at turning things upside down, or even, dare I say it, making things up!
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The population of Ukraine prior to the war was around 43 million, they quickly restricted men from travelling abroad who could be mobilised, the number which fled is more than offset by the Russians who fled mobilisation and the war, a lot of women and children (8 million) emigrated to neighbouring countries, reducing the dependency burden for Ukraine, they are "thankfully" being fed and watered by others, the U.K. population was around the same for the start of World War 2 and some 3.5 million men and women were placed into the army, while the factories and food production still continued to work despite extremely heavy bombing, Ukraine's industrial needs are taken care of by the West and it's air defence's by Spring/ Summer should mean that it's a no fly zone for aircraft and it should achieve 80 to 90% success on missile attacks. Yes it's tough on Ukraine, but it is achievable, and to finally release the shackles of Russia's murderous ambitions after hundreds of years is surely worth the sacrifice, no more Holodomors!?!
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Absolutely nobody believes Russia war update at this point comrade, we do not totally rely on Ukraine's update until there is proof, the proof said the Train supply line is heavily damaged despite denials that all storm shadows were shot down and Ukraine has advanced by 5km into Russian held territory, of course Ukraine has suffered losses it's a war, but all equipment will be replaced or restored within three weeks, and the majority of the strike force are waiting in the wings, and if you think Ukraine is just going to go through the defense lines one by one you don't know Ukraine, when they get closer it will be a breakthrough and all hell will be let loose after Russian logistics is further crippled by more strikes, and if they don't do it this year, they will do it again next year, it is Ukrainian territory comrade, as long as it takes!?!
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It's not the C.C.P. fault it's everyone else's ( Must have the Putin manual for Autocrats, blame the West for everything, and look what's happening to him) even though everyone else is altering course to the C.C.P. changes in policy and on the ground actions!
So,
1) Immunise people over 50 (The most at risk group) with two doses of vaccines that work!
2) State that Tawain will only be invaded if it declares independence, as that seems to be the real sticking point, then everyone can carry on as normal, without all the ambiguity which now seems a problem, Tawain won't like it but most probably would accept that in the short and medium term as it improves stability!
3) Keep out of private companies, it appears that the C.C.P. wants to control everything and everyone, but if they spent as much time, effort and money on looking after their citizens they would not need to control them!
4) Get the property and debt burden under control, this is a major problem caused by debt funding non productive infrastructure, this means reducing GDP to a level that China can afford.
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China has 54,000,000,000,000 U.S. debt overall, so in April 2024 it will be "at least" 57,000,000,000,000 U.S. and rising, nearly double that of the U.S. of A.!?!
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Energy prices are rising due to Russia turning off the energy supplies to Europe because we imposed sanctions on them for the war in Ukraine, a once in a Hundred year's or so event, coming after another once in a Hundred year's event I.E. COVID. Most European governments are implementing schemes for reducing part of the energy bills to all, and additional assistance to the poorest of society. It is most unfortunate that we got ourselves here in the first place, but the biggest portion of the blame by far belongs to Russia, Germany and Italy to a lesser extent must also put their hands up. In all of this, however, we must not forget that we, or our children including babies are not being targeted by missiles from a terrorist state, it is Ukraine that is paying the highest price for Russia's illegal and barbaric war, it is Ukraine that we must give our full support - The just stop oil activists should be sent to China, the biggest polluters!?!
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@L98fiero The US does not want Tawain to be taken by force, it walks like a duck, it talks like a duck, it is a duck, so Tawain operates as a defacto country, China would have to make a peaceful agreement with Tawain (Unlikely after the Hong Kong fiasco) or fight for it, or leave the current status quo in place. The CCP are highly corrupt, you do not refer to this, so its hardly the best person gets the job, it's who they are related to and who they know, that's why China's economy is in decline (Fueled by record debt) and several other systemic factors. The West does have its problems but not as much as the CCP, and whatever the CCP decides will be implemented on its citizens, regardless!?!
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@sjsomething4936 Precisely, nobody is going to invade the U.K. anytime soon, Russia is struggling in Ukraine, and hopefully will be ejected from Ukraine soon. China, if the need arises, will be tackled by NATO but hopefully China won't do anything Putinesski, the last U.K. war was tackled by Planes, ships and troops going to the Falklands, not a tank in sight, our other recent excursions were at the side of the U.S. and we were pretty useful and it involved tanks. So we just need to replace them over the next ten years, yes it is a cost, but not as much as Ukraine is paying for Russia's barbaric invasion!?!
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I wondered that myself, apparently the US Army is dredging the Mississippi so it must be a large undertaking and it is a forever task, I assume the "Yellow" which is smaller but also heavily polluted presents more of a problem, location might also play a large factor, in the late 1800's 930,000 Chinese lost their lives by drowning due to floods, also due to poorly constructed dyke failure, you would have thought that would exercise the CCP's mind, but if it don't generate GDP it's not important, what's a million citizens they have 1,399,000,000 more!?!
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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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@blackknight4996 State owned enterprises are inefficient as they have increasingly used debt and not production to drive things forward which has increased the debt to GDP to 350% and counting (From various Economists, including Chinese ones), along with property restructuring, belt and road payment defaults, regional income drops, COVID lockdowns etc. These are signs that there are major bumps in the road, the C.C.P. has the power to re-allocate monies from Business and citizens as it see's fit, and I don't see any opposition to that, but at the moment, the C.C.P. seems caught between two stools on which direction it is heading (Economic or Welfare), this is further exasperated by Xi's more one directional, ideological rather than business oriented approach. China is not too big to fail, and to increase its exports means other countries'economies must lose global market share, when it looks like other countries are pushing back against that model. That's without the Demographic problem, which may leave China with a population of 500 to 650 million within 20 to 70 years (The internet does not have a matching consensus on the time frame so the minimum and maximum have been used), as of now the population renewal is at an average of 1.15, China has allowed it's citizens to make it 3, but to maintain the current population it would need to be 6 for couples of child bearing age as men outnumber women by 2 or 3 to 1 in that group!
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Russia is enlarging says the Russian New Year T.V. host, but since they have illegally annexed their territories they have been shrinking, and at a greater cost than they can comprehend at present, hopefully they will be driven from Ukraine altogether in 2023, then the Russians can celebrate downsizing, it's not like they have the most land already and run it really badly or anything, perhaps they would be better sorting that out rather than try to annihilate their neighbours, who have more in common with Russia than any other race, it is indeed a very sad time for Russia, and it's hard to see a way back to normal relations for decades. Note - Ukraine doesn't really care about Russia having a new year's party, their aim is to get rid, however the ordinary people of Russia must see through this gaudily lavish veil of deception as the price for this war is being borne by them, and in the end it will be a high price, the Russian elite will just carry on regardless, it won't affect them much, apart from not travelling to the West and a few assets lighter, it will just encourage them to steal even more from state coffers in the future!?!
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Obviously you did not listen to Bill Bishops warning, losing financial security could cost China to lose its food security, it imports quite a lot and it needs to be paid for, and energy security, it imports quite a lot and it needs to be paid for, and any imports it might need of which it imports substantial amounts, I don't think it will impact much on its territorial integrity as the World will stand back not believing the actions China will be implementing, it may even affect the CCP "control", it would be a catastrophe, just like the ending of COVID but on a bigger magnitude of scale, they obviously have to go through the slow puncture by slowly reducing debt routine like Japan but a few degrees worse as the overall economy is not as rich as the Japanese economy was, so it needs to add in more safety nets for the poor, that is it's only way out!?!
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@micaiahm1 The West as a majority support Ukraine in the war, they are being invaded barbarically just for being Russia's neighbours, most of the equipment supplied is older systems which the West has been maintaining at a cost anyway, training and supplying Ukraine with this equipment helps to save lives but it is war, there will be casualties. Russia is carrying out genocide in Ukraine and if they remain there will be no peace, and Ukrainian people's lives will be forfeit to Russia at the slightest whim of any Russian, previously Russia has commited acts of genocide on Ukraine when it was part of the Soviet Union. The cost of the war to the Wider West is 1% of GDP on average, if Russia were to take over Ukraine it would not stop there, they have already indicated that it will go further in Europe, as these countries are in NATO that might involve the Wider West going into a hot war, I think it's better to supply the equipment for Ukraine to achieve victory and liberate its sovereign territory, comrade!?!
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Western World gets the blame again, well NO! It's Putin's crazy invasion it's his fault, Ukraine was originally warned prior to the invasion and they didn't believe it, I can understand why because it seems like such a ludicrous proposition. Putin obviously expected Ukraine to cave in and is still under the impression that that is the case, hopefully it is not! The West has been cautious in supplying arms to Ukraine as it didn't know if it was going to survive the onslaught or cave in either, there was an undetermined number of Ukraine's on the Russian side at this time also, and Ukraine and Russia share more than what makes them different. However the barbaric Russian invasion has galvanised Ukraine's response and they have turned from a militia to a proper National Military force, they have had setbacks in the Winter period but only minor ones, hopefully these can be overturned with great interest, no one can predict what Putin will do next, his alliance with China is unfathomable because his ego didn't let him accept Russia's position in the West, it's economy is not performing well and it's place in the East will be hardly to his liking, but at the end of the day he owns all this, it's by his hand!?!
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The Autocratic states (Russia and China), mostly funded by the Western Money Men, seem to want to bite the hand that feeds them, and all their shortcomings are the fault of the West etc., they say one thing and do another and are a destabilising "effluence". Russia is under heavy sanctions due to its illegal invasion of Ukraine (It was not a threat to Russia, NATO is not a threat to Russia, but Russia is more of a threat than at any time to its neighbours, that is why Sweden and Finland are the latest to sign up, as a direct consequence of Russia's actions, not NATO'S actions to Russia, as there have not been any, they done nothing in 2014!). China keeps on bleating about Tawain, and in response to a visit by Nancy carried out a week of live fire drills to intimidate its neighbours, it also has its boats and air force in close calls with its other neighbours. In conclusion, Russia must be economically downgraded to stop its military ambitions and China must be next, to stop theirs, when they turn into hermit kingdoms then the world can breathe easier! U.S. can then retire from its policing role as the continents can do their own, that means no more excuses from mainland Europe, get your own house in order!
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Is America still apprehensive of the British, we are a little more civilised now, Mostly. We still exist as a nation, we don't really need American support as we just plough our own furrow these days except when anyone steps on our sovereignty. Two Worlds Wars, both not started by us by the way, they were not even "our" wars, but they did weaken the people's resolve for fighting. That's most probably why we gave up India and Egypt and the rest, it wasn't really worth it. Americans glee at Britain's "demise" (We are still doing quite well, we are only a little island) is a bit strange as we don't really dislike America (Only parts of it), and I'm pretty sure that Adolf Hitler was a bigger menace to the U.S. than our half hearted attempt to keep the U.S. under British Rule, if the Germans had won. Britain can still organise things so be careful what you wish for!?!
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@FunnyFlix A majority of people voted for Boris Johnson on one premise, get us out as the "Majority" voted for, as the elite at the time was back tracking, "we" voted out (That's the royal we, as I would never vote Tory, but sort of agreed why a big majority did), we wanted out, full stop. Brexit has very little to do with the current problems it's COVID, Russian Invasion, Mainland Europe (I.E. The bloody great and almighty E.U.) crashing the energy market by its reliance on Russian energy. In conclusion all of this has nothing to do with Brexit, the economic effects of which can be easily mitigated by proper government, unfortunately in both Tory and Labour I don't hold out much hope, so hopefully we'll just keep on recycling them till they get the message, no more dogma, do the best thing for the U.K. (By the way Germany and the E.U. are in a more perilous state than us before you go spewing on about the almighty E.U. - They will be decimated by the energy crisis and their next big problem is over- reliance on China!?!)
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NATO doesn't want to widen the war, and Ukraine is reclaiming it's territory in phases, and it is up to Ukraine to defend itself, of which it is doing admirably in the face of barbaric Russian aggression, the Wider West is supplying Equipment for defence (quite rightly, including up to date air defence, which should have arrived a little sooner), when Ukraine boots Russia out that is when peace will be achieved, whilst Russia remains in Ukraine, they will always remain under threat. If Russia lobs missiles into Ukraine after they have been booted out, we threaten Russia to supply Ukraine with long range missiles to fire back!?!
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Clock time is just a human construct to measure our journeys through life in some sort of an order, time as the celestial passing of days and nights is just a reaction of the forces pushing things from the "big bang" or whatever, we do not see into the past when observing the universe, I mean what's stopping time from being gravity rather than another part of space? we just see the light which has taken that long to travel from the object to our view, even though the object may no longer existed, we just see it's light memory, but it is not a view to the past, it is a view of now which is the remaining light, if we were on that object that we are observing the same thing would be happening in reverse, we would be seeing our planets light in the past, for example when that Planet "X" was formed 2 billion years ago (Assuming a 2 billion years of light travel between them to us!) we would observe our own Sun being created 4 billion years ago (Approx. and to avoid fractions in billions!) as that is how long light would travel to Planet "X", we could see that Planet "X" being created on Earth now as the light took 2 billion years (Again approx.! ) to travel to us in present time, if both Earth and Planet "X" were in orbit around the sun we would have delays of minutes between observing changes, and the long light travels the more it can be stretched or shortened around big objects to create delays between the two objects, that's all it is, and no matchstick men were injured in this dimension!?!
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Freedom from the useless E.U., not that we have to justify it to you or anybody, my vote, my choice we won, remoaners tried every trick in the book to block it, but at the end of the cold light of day, out we went, get over it! Note also the economy is not doing so well due to, in part, global circumstances and government errors which can be corrected with the right policies just got to vote smarter, however, compared to say Germany which has enjoyed cheap energy from you know who and paying them a fortune to fund the war and is supposedly sanctioning you know who but not that you'd notice, I much rather be British, not to mention the COVID 19 vaccine debacle where the E.U. wanted to take our vaccines, then spread misinformation about the Astra Zenica vaccine etc. I could go on, enough said!?!
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@tigerwong8699 Well according to Doctor Google - Tibet, India borders, Russian borders, Islands off Japan, The parcel Island's, South China Sea artificial Islands, Sri Lanka Port (Handcuff deal!), Taiwan one day if they get their way. Blimey, they don't get on with any of their neighbours, do they, and they wonder why they are Billy no mates!
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@amelamaliyah5730 The recent outbreak was caused by Hamas whose actions are totally unjustified in any way and constitute a genocidal war crime. It does not matter that a section of the Israeli military initially supported Hamas or not, it is to their detriment that they did and this has been acknowledged by the ones who helped support them, Israel did not create Hamas, they were already operating in Palestine. There is no justification for Hamas's actions under international law, they are a terrorist organisation, there is justification for Israel's actions under international law to eradicate the threat of Hamas due to the threat they pose to Israelis. Hamas are in Gaza and hide amongst civilians making the civilian population collateral targets, Hamas is not allowed to do this under international law, Hamas have Israeli and numerous other countries hostages another war crime. As you can plainly see Hamas does not follow international rules, Israel tries to follow them or issues statement why this is not possible and therefore all the responsibility for blame is on Hamas for this recent episode, it will do nothing to further peace or the Palestinian cause, and the more they continue with this course of action the more casualties for both sides and particularly the Palestinian side as Hamas are capable of fighting the vulnerable but not an Army!?!
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@kshred3043 U.K. Has 70,000,000 people approx. and China has 1,400,000,000 approx., the Wider West has always kept testing of random samples for variants of the Pandemic to check for more virilant threats, China has just opened up the floodgates and ceased testing, that is why it is a major concern, it is irresponsible, the Chinese people might want to put up with it, the Wider World doesn't want another pandemic, thank you very much!?!
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Let's look at the facts;
Is the UK funding an expensive war;
No, only less than 10 billion on defense to Ukraine 2022, most probably the same in 2023, unlike Russia who are losing 110 billion in 2023!
Is the U.K. banned from International Commerce - No, unlike Russia's!
Has the U.K.'s Industrial Production Reduced by 70% - No, unlike Russia's which has seen a 40 billion reduction for 2022, and the same most probably for 2023.
Has the U.K.'s Energy Sector Suffered - Yes Initially in 2022 due to Mainland Europe dependence on Russian Energy and the scramble for same, but the effects and prices are set to reduce in 2023 by a significant amount as markets return to near normal. Meanwhile Russia has lost its most profitable market and is subject to price caps, they are forecast to lose 100 billion a year!
Has the U.K. Reduced its Infrastructure Development - No, unlike Russia which has slashed its budget!
Has the U.K. submitted incorrect G.D.P. Projections - No, unlike Russia which has a history of falsification on Government data and all aspects of the State!
In conclusion it is very difficult to justify the IMF report, if it is wildly inaccurate the culprits should lose their position!?!
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What a load of CCP rubbish,China does not publish full figures on its GDP so it cannot be independently verified, by contrast all Western Countries do. China will have (By the end of the Year) 57,000,000,000,000 USD of debt (87 Trillion total Wealth, 66% debt burden), Compared to 31,000,000,000,000 USD of the USA debt (146Trillion of total Wealth 21% debt burden), the Wider West has 153 trillion of total Wealth and approx 32% of debt. So China is funded by debt not investment, all China's metrics point to a 10 year decline, maybe further as it has not addressed its fundamental problems (Not including COVID). Taiwan does not consider itself a part of China. Its International status is governed by ROC and PRC, I.E. Not specifically determined!?!
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@shostako1284 You are delusional, the West is doing fine, it will be fine in the future, since the Communists took over in Russia (Only in 1917) it has gone bust once, it's going the same way again because it's on the same plan, China is on the same road and they only formed in 1949, it will just hit a bigger bump. The US has been going for 247 years democratically and Europe a lot, lot, lot longer, democracy is not perfect, but it's better than the alternatives!?!
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If you roll over pariah nations will go for you, but this time Ukraine didn't roll over, Russia under Putin cheat and lie about everything, World football, Olympics, tiddlywinks, most of their neighbours hate them as they meddle in their affairs, they lie about their war atrocities, in the wars Putin has been in, how can you have a relationship with a country like that, the simple answer is you can't - End of story. All these pariah states (You know who you are) should be treated the same way, if the West is so bad, leave them choke on their on ill will!
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Ukraine should be supported for the duration, however long that is as other things also may be bought into play if the West cannot aid Ukraine enough to deter the Russians. The West was smarting from the Afghan withdrawal, not because we left, it was a lost cause, but the manner in which we left. Another failure by the West will give more ambition to the Autocrats as we will be seen to be weak. Donald Trump has an axe to grind against Ukraine because he lost the election and partly blames them (Wrongly) it shows that he does not see the big picture and shouldn't be swayed by his feelings, and therefore should not get into office, but that's just my opinion, I have no vote, I live in the UK, but if the US wants to keep allies (Russia and China are all ready undermining the developing it emerging countries to a great extent), it has to see the big picture, otherwise it will not be global but regional. The US under Biden has helped Ukraine to a great extent, but it's only less than 1% of GDP, which a number of US citizens are complaining about sending that money, however I would draw their attention to the 99% segment which they ignore not being spent on Ukraine and see if that money could be spent more wisely would be my pragmatic approach!?!
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I don't think we need to expand the battle and extend Ukraine's logistics line, the Ukrainian's need more air defence, which the West is providing, a little on the late side, but at a faster pace lately, so hopefully that will solve that conundrum, not all of it, but enough to make it unworkable for the Russians. The best way to stop Russia is to boot them out with lethal force, which the Ukraine Army is doing at present, Crimea seems to be a "relatively easy target" (Supplies can be cut from there quite easily, as it is within range) once the remainder of the Kherson Region is cleared, but the Donbas area is going to be Himars, Himars and more Himars before a big clear out can go forward!?!
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The UK has no problems with relaxing trade but political union is dead within the EU, ask Hungary, a new model is required as the EU is heading for a big funding gap it's most probably putting out feelers for a patsy but that is very unlikely to happen, things will get worse if another referendum is taken, we never got on in the EU due to German and French collusion that has not changed, and they are making bigger mistakes now than ever, the last one being dependant on Russian energy and crashing the whole of Europe's energy market including ours and was the biggest driver of UK inflation, remaniacs do not broadcast that fact for some reason, Germany is dangerously reliant on China's import of their goods another possible disaster for Europe and the EU in particular, especially as the EU promoted by France is investigating the Chinese exporting EV's to Europe with a big possibility of sanctions being applied, they are a self interested bunch of surrender monkeys!?!
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Kicking all Russian Banks off Swift, put Schroder on trial for allowing Germans to be reliant on Russian Energy, I 'm sure he'll say there was no money involved, that's why he's been so well looked after by Putin, poor chap, banning all Russians from Europe until the war is ended, declare Russia a Terrorist State, simple things really, should have already happened, maybe in Sanction package 20 next year or the year after, stop any dealings with Russia now including all western companies!
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@supremesoftware Europe will go into a mild recession, Russia is going to end up with a GDP less than Poland's, also if you go to Russia you will end up 🍞 in Ukraine, that's why 800,000 (Mostly Young) Russians have fled Russia so far, sanctions will continue untill Russia stops, and it will stop, wether by gun or sanctions, the further it goes, the worse it will get, all he has to do is leave!
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The Chinese EV market, including batteries, is greatly funded by the state's stimulus money to increase domestic consumption and exports for GDP as they could not compete on ICE cars, so they have taken the opportunity to corner the EV market, the only problem is, like everything else they touch it does not make any money, so if the exports are subject to tariffs as they are dumping their products on other countries at an uncompetitive advantage to the home grown businessess this should put a big dent in their plans and make it unsustainable in the long run, Tesla is making money overall but maybe more from energy storage rather than EV's and their market is not confined to China, but it's EV dominance will get seriously challenged in the future, it's failure appears to be it cannot make a low cost reliable EV to compete with ICE models, that is the next big step in the chain!?!
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Obviously property is their biggest problem at present (I wouldn't take much notice of an Ex Chinese statistician as they have a history of unreliability and the figures he's mentioned do not make much sense) there are around 157,000,000 (Enough to house 417,000,000) empty or unfinished apartments which amounts to approx. 9 Trillion USD (Of which over a third are not even built yet but the money is gone), with around 500,000,000 occupied homes currently (3 to a home 1,400,000,000), the property market should reduce by 50% to become more sustainable, however that will leave a gaping hole in local government finance bigger than it already has!?!
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Haha, No to the political union, it's a dead duck ask Hungary, Poland etc., Germany can't afford it now anyway, we have already done more for Ukraine than the Bloody E.U. (Who funded the war, and had to be cut off Russian gas by Russia, rather than ditch it straight away, because they were hooked, line and sinker on it, it was a blessing that they allegedly blew it up!), who have been laggards and late comers to the cause, yes we need them like a hole in the head they are totally incompetent, making Liz Truss look like a intellectual in comparison to their failed policies, their last one, if you remoaners forgot, was to crash the European Energy Market, no, it was not Russia's fault, it was the E.U.'s fault for being greedy for cheap oil and gas, they were warned, but took no notice, totally unlike the Bloody E.U. (Not)!?!
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@yopyop3241 We will be the biggest European economy by 2030, Germany the E.U. banker is running out of cash and labour by then, so no deal, NFTA at any price also no deal, Russia and North Korea can survive on their own , I'm pretty sure we can, we produce 85% of our own food at present, will be majorly Renewable by 2030 on energy and still have services and industry to export wherever. If it was left up to Germany to bully the Baltics and Nordics in Europe (Following their Russian energy debacle), Ukraine might have already been in Russia's hands, U.K. galvanised European support, and a big shout out to U S. and the Wider West!?!
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In the UK we use the metric system, pints, gallons, litres, kilos, pounds, stones, metres feet and inches, mph, kph, etc. whichever works best!?!
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@michaelfaraday8391 Yes best president ever let's take a look at his record, day 500 and odd of a three day war, 250,000 Russian soldiers depleted, advancing backwards in Ukraine overall, lost over 60% of the land from the original none invasion invasion back to Ukraine, had a failed mutiny with no losses to Wagner (But 80% were KIA or wounded in Ukraine) who killed several Russian military without any retribution, multiple changes of command in the military, arrest of ardent Russia military supporters (Who are critical of Putin), purge of Russian military (Although Wagner were all allowed to go free) sacking competent generals (critical of Putin), two new NATO neighbours and the icing on the cake the economy is tanking, but the president is doing well comrade!?!
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It might be that the CCP regulations will enable China to turn a corner and do well, that is what they will claim anyway regardless of the outcome. They are however not addressing the systemic problems that erode their foundations and are therefore unlikely to get "better", tinkering with the banking system to squeeze out more loans to facilitate more non productive infrastructure debt and endemic corruption is hardly likely to be a success story, reducing the property market to sustainable levels, increasing domestic consumption by reducing the state burden, reducing non productive infrastructure, reducing subsidised exports, increasing the younger demographics, resetting the GDP to the new normal, changing the tax system, all these things require attention before it gets "better" but that is the hard way, I do not live in China so I agree they must choose their own destiny, as long as they are under no illusions about what that destiny is!?!
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There is no one threatening China, it's problems are its own undoing, Tawain's status has not changed, China's rhetoric has towards Tawain, the West and it's neighbours, it's reaching a fever pitch, and like you say it's not listening, we should be preparing for war, hopefully it won't happen, but that's the only thing left to deter the CCP at this stage, everything else has failed and it's demands are to outrageous!?!
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@bolikde9389 It didn't teach you how to spell, BREXIT is nothing like the Russian war, it was a country taking back Sovereignty, not having it taken away although the EU is trying to overly punish the UK with red tape, but that's nothing new is it, we will adapt, the biggest crisis that we are currently facing in the UK since the second world war after Covid is the energy crisis caused by EU countries dependence on Russian energy crashing the whole of the European Energy Market, so yes further measures are necessary and we should be majorly renewable energy independent by 2030-2035, if you want to call it doubling down that's your prerogative, we call it independent resilience, the UK is set to be the biggest economy in Europe by 2030-2035 also, we would have an economic union but not a political one, but political union is dead in the water anyhow, the war has shown that and new lessons need to be learnt by EU countries, especially France and Germany who have been dragged kicking and screaming down the right path!?!
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He had a load of things right, China is the biggest polluter 29%, US second 20% UK 1%. Extinction Rebellion are better off campaigning in China as they will save the planet if reforms are made but they will more than likely end up in prison for a long time, like they should here really. EV is expensive, Heat Pumps Solar and battery (and for older houses increased insulation as well is extremely expensive) and can be cold in winter if the house does not achieve the highest insulation rating. The UK will be majorly energy independent by renewables from 2030 for generating electricity by new nuclear and wind, changing gas boilers is far more problematic as it's too expensive, £2,000 gas boiler replacement to £16,000 air source heat pump, and you have to have a hot water cylinder put back! Solar and batteries another £15,000, Changing to electric vehicles is also problematic as charging is a muddled problem as nobody is taking control and EV's are way too expensive, ask the embattled Mayor of London!?!
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@daveduvergier3412 Yes as we are unaware of Russia's nuclear readiness it is sabre rattling by Putin, they would be unlikely to maintain a threat of that size due to possible incidents by Russian mechanics who are not well paid, if nothing else, they most probably have a supply of ready to go missiles amounting to a few hundred at the most, and the rest are stockpiled in a not to ready state, I would imagine, I hope he does not use them, I wish that we could stop him from using them, but I do not want to be blackmailed by a tinpot Russian jerk who can't even run his own country with all its resources and land, so if he uses them I hope ours strike back 100%, even if it's a tactical or practise or whatever because it shows intent and in nuclear war there is only one option when intended use is broadcast, fire first!?!
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Ukraine can muster 5 million into its military, it will cease to be a state if it gives in to Russia, can Russia afford to lose 15 to 25 million young people and survive as a state, no it can't, Ukraine might have some problems in drafting recruits, Russia has bigger problems (Number 1 is not recruiting from Moscow or St. Petersburg as the elite's children will be impacted), Russia has far more physically impaired mobilised troops and far more young men fled Russia than from Ukraine which was mostly women and children fleeing the illegal and barbaric Russian invasion, so on every metric Russia is far worse except they do have more people, but due to corruption and the economy they do not have the equipment, that's why at least three or four times a week a group of soldiers are complaining about their command, equipment and training, and why shoot of blanks several thousand miles away from the front, get it on the battlefield and see Ukraine turn it into scrap, Putin can go nuclear but the first two back will hit Moscow and St. Petersburg and the third will hit Putin if he is outside of these cities, nobody in the West is going to accept Putin's World Order because his country's economy is on par with Chile!?!
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It does matter they only have so much gold, not an unlimited supply, and if the Rouble falls when they sell energy to China, India and Egypt they will get less for it. For example the gold they hold is worth 156 billion but the money they lost on the currency this year is 50% so far, total energy exports for Russia is 150 billion for 2023 to date approx. (A big reduction on previous years for energy export) so the currency loss is 76,500,000 USD half of the gold reserve so far, they still have all their bills to pay, however like Peter says services and infrastructure in Russia will be taking a dive (Except for maybe Moscow and St. Petersburg!) but Putin still has to fund a war, and pensions and the home security to stop uprisings and the like, the figures never lie and Russia is bleeding red, and although the citizens so say support the war they will not remain silent if it starts looking bad!?!
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Not dangerously dependent but foolishly going down that road, we can still use fossil fuels for transport (China does use carbon and is the biggest polluter at 29%, US 20%, Australia just over 1%, UK less than 1%) and new nuclear along with renewables when they are cheaper and widely available not when we are going to be dependent on another dictator country, we all known what is going to happen in that regard. The imposition on dates for renewable energy transfer is a false construct and will increase prices to an extent to ensure that the COP (Out) plans will not work. Hosting the COP climate change in Dubai has shown that the carbon producers (Who had the biggest delegations in COP previously) have taken control of that enterprise and the deleting of carbon to be phased out from the charter confirms that (Although carbon will in actual fact be used up until the end of the century anyway it was unrealistic to think that it could be totally replaced). The transition from Carbon to Renewables (Not Green as some of them are green only because they are so toxic!) Should be carried out as like with horse and carts to steam and then petrol by economic factors only, not by political intervention on prices, this is having a backlash as it's unaffordable by the majority. For example my old back boiler packed in (30 years service) and it was replace that with a gas boiler, £2,000 tops, or have solar, battery back up, insulation and an air source heat pump £60,000), so funny enough it was replace the gas boiler, later on I will insulate the outside walls internally (£3,000) and it will never pay me back to go "green" in the remainder of my lifetime!?!
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Because if they never learnt anything, it will be them fighting Russia, it has ambitions past Ukraine, it has already said so, and all other Autocrats will look for our demise if we are seen to be weak, you have to fight for freedom, it has been so, it will be so, Ukraine didn't want a war, Russia rather forced it, barbarically, very much like WWII the Nazis rather forced it, nobody else really wanted to go to war, they had no option!?!
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I am a little befuddled with it all, especially the equation's bit, my math is poor, but the subject is interesting. However, when Einstein thought about moving away at the speed of light from a clock (Say Universal time)and the clock seemed to stay still and the nonchalant passer-by observed the clock passing time as normal, surely this is because when he is travelling at the speed of light (Max speed) the photons which gave him that "picture or memory" are travelling with him so it is captured in his "time frame" relevant to the acceleration, and the (Universal) clock moving forward photons "picture or memory" will always be travelling behind him, so if he turns round and travels back to the (Universal)clock at some reasonable juncture in the future he will capture all the photons on his way back that he missed while he was going forward (This might be the dilation bit) and catch up with the (Universal) clock and nonchalant passer by at the same time in the future, both will be the same (Universal clock) age but his travel forwards and backwards from the speed of light enabled him to extend and compress the light memories which we use to capture events relative to the nonchalant passer-by who's photon images remained within close range from the (Universal) clock, that's as far as I got, and gravity is still not a force, but I have not got an equation for that so no bendy head thing either!?!
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The U.K. Energy market is busted and has been for a long time, it only works for the big energy producer's and not for the consumer's who are robbed at every opportunity, prices go up, bills go up, prices go down, bills go down.......eventually, there are so many add ons to bills, green tariffs, tax, daily charges ( How are they going up?). There is no tax on aviation fuel for basically rich people, this tells you where priorities are!
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China's CCP do not need any advice as they always without error make the right decisions, they are the supreme rulers of the World, the masters of all races, exterminate, exterminate, exterminate, you get the picture, obviously quite a number in the West have not as yet on the business side, currently there is no hope in China, it's unlikely to change, things will get worse, you should read the English version of the Chinese media to see the level of hate towards the West, I don't know if there will be a war, but we should prepare for one, that is what China is indicating!?!
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Germany and Nuclear, it's "dangerous" say the politicians, well if you are going to run it like a "Soviet State Model" maybe, Chernobyl claimed 3,500 lives total, the Japanese Nuclear incident (I'm not going to attempt to spell the plant name!) following a tsunami claimed around 2,100 deaths, all are regrettable, but lessons have been learned for new nuclear builds, but lignite related deaths in Germany are 3,500 to 4,000 "per year", and nothing is done about that, but I suppose it's in Germany's back yard, so it's o.k. (All info. from Wikipedia)!?!
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The circle is not only war at all costs, a number will want to cut their losses and escape the war so they can carry on their own scams with impunity as they have in the past but without the limitations of the war, however Putin has got them under tight control at present, if a new leader emerges they would be vulnerable from the different factions for an extended period until he can exert his authority, but the ones pursing a lost cause would be more vulnerable, and it would be because the war would, at this stage, be a lost cause, it will therefore be about stability and reconstruction for the change of leadership, not a lost war. Note - Old people can suffer more, but young people do the fighting and Russia is running out of them!?!
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Russia illegally and barbarically invaded Ukraine, Ukraine is in Europe, Russia has also threatened most of its other neighbours including Poland, also in Europe, Russia tried to blackmail Europe to stop the sanctions by cutting the energy supplies, and people wonder why Europe is taking the actions it is against Russia, really? it's just reacting to all Russia's illegal activities, Russia is the bad guy, they deserve what's coming to them! Note - It doesn't get as cold in Europe as it does in Russia, we will survive, it will cost more, but at the end of the day Russia will be decimated!
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It seems incomprehensible that the money men from the West are prepared to believe financial figures from China on more or less face value, one wonders if money is involved, and it is quite obvious there are two sets of books, one it shows to the world, and one it keeps to the C.C.P. (Unless they are totally incompetent and really don't know the true picture of course!) I.E. it is not transparent. Just looking at G.D.P. it's going to drop 10 to 15% (30% of G.D.P. based on Property and Developers have a 50% downturn) on Property and 5% on recession and 5% on energy and food imports increases, this may be made up by infrastructure projects but this will come again from non-productive debt (I.E. China's G.D.P. will decrease by 20 to 25%, or its debt will increase proportionally). China's declared debt to G.D.P. is over 70%, but this does not include it's Province's debt which is 100% of Income at 2020 and rising, there is no clear indication of how much money that is per province or in total, but one assumes that it's quite large, it is estimated by some analysts that China's debt bomb is at 275% to 300% of G.D.P. which is already above Japan's, their troops will be needed not in Tawain but in China when it all goes pear shaped, which is unlike their demographic chart unless you turn the pear upside down!?!
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@mmmoroi If China can't be the BRICS reserve currency then they won't have a common currency, and for rather obvious reasons China's currency is mildly to highly volatile as it seeks to reduce dependance on the USD and sells same its currency becomes more volatile as it can't sell dollars to increase the Yuan, which also has systemic problems, the BRICS have to keep in mind China has its own domestic currency which can be protected from the Yuan, that's why it's separate, so China could disappear money between the two, Russia's is extremely volatile, South Africas is extremely volatile and Brazil is highly volatile, India's currency is mildly volatile at present but they have no interest in the BRICS common currency. It can be noted that the Wider West has 70% of the Worlds trade and the dollar is not going to be replaced anytime soon, and it would make little difference if it was, it's still the World's biggest economy and getting bigger, when its nearest rival is........getting a lot smaller!?!
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The UK is set to be the biggest economy in Europe in the 2030's, it already has the best military in Europe now, we have been hampered by COVID, and EU countries reliant on Russian energy crashing the whole European energy market including ours at a time of transition for the UK from "gas" (For which the price rose phenomenally) to Wind and new nuclear which particularly affected us but was no fault of our own, all the illegal immigrants get to the UK through Europe, so taking this all into account how is BREXIT failing again, and it is up to our government to guide us on the right path, so I wouldn't vote labour in or we will get Liz Truss on steroids, but if you can't take it go to Europe and live your best life and leave us to carry on, the EU have far bigger problems than us going forward as the banker economy is in decline, you can paint it how you like but the EU has failed!?!
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@siewkimng1085 Yes, there is a logical beginning of creation from one cell and then environmental and biological conditions to various life forms which reproduce in some form or other and then die, it doesn't seem to work any other way (Ruling out the Benjamin Button theory), there would be some evidence by now otherwise, so the cat, once dead, is no more!. The theory that Einstein is wrong is based on a number of unknowns which in the end, when known might prove Einstein right, it's a little like taking snapshots without the whole picture, I'd still lean towards Einstein because it's easier to contemplate, that it is formed when created by interaction, not when measured after creation as why would it stay in the same state when measured and then remeasured further down the line because it is random and therefore the other half would have to change at the same time and if so what drives it - seems not likely blimey Charley!?!
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You are talking about rust buckets to relatively new assets, is Russia just going to declare war on the U.K., or a special military operation, I don't understand the reasoning, the U.K. is helping Ukraine to defend itself as part of the agreement it signed which Russia ripped up, it's not a threat to Russia, Russia is not being threatened by anyone, Russia is however, in its present state, a threat to Europe, that's the reason why things are going the way it is, sanctions etc.! Germany (and Europe) has been too "precious" with its cheap energy, but I think it's seen the error of its ways, so that cash cow has gone, the only Bipolar order Russia will see in the future is it's own bipolar disorder!
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The majority of the Tories could be classed as morally bankrupt, if Boris remained it would be better than the Liz Truss fiasco, which was costly to the U.K., he was overthrown for primarily political ambitions of individuals in the Tory Party, not any real ethical concerns on his behaviour, this whole situation was caused by the minority trying to overturn the majority decision for the vote to leave E.U., this prompted a larger majority for Boris as he campaigned on that ticket, so the minority have the biggest blame by trying to destabilise democracy, so stop bleating and start working for Great Britain U.K., we will vote the Tories out next for their infighting stupidity, and Labour the next time if they don't shape up!?!
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The protesters in Europe are a heartless lot, I hope that they would, by now, realise that by buying Russian Energy it has funded the war, but it appears that they just want cheap energy at any price, including death and destruction to civilians in Ukraine, and many face a winter with their windows blown out by indiscriminate shelling, and their heating turned off. They even complain about U.S. involvement, who again have had to act because of the paralysis of the E.U., even though the conflict is in Europe, no wonder Putin thought he could get away with it, I'm glad we're out, they make me sick!
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@googacct Yes they are managing to keep going but it's paid for by Chinese citizens' debt, currently their total debt burden for this year end will be 57 Trillion USD, they have total assets of 79 Trillion USD Approx. so not much to go, it will be a slow puncture rather than a collapse as the CCP is grabbing control of all the state levers, including an all encompassing banking regulator, control of all the food, energy, military and education, previously prior to Xi the levers were in various states of relaxation, but now they are all back in place, property is still not quite under full control as the property firms are thwarting the CCP with their debt burden at present but it's only a question of time before that is swallowed up by the state!?!
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If China and Russia are out of the equation due to demographics and the state of their economies, then global trade will be easier to implement amongst the remaining Wider West as their Navies will be as big as the U.S. or Russia's or China's as is (Obviously the U.S. is more capable), global trade will not go away if the U.S. withdraws into its shell, it happened thousands of years before in the ancient world, and Europe before the U.S., obviously security issues will remain but without the biggest loonies (Iran, North Korea, Saudi Arabia, Syria, Afghanistan and Pakistan are marked as ASBO's) it should be manageable, the biggest problem is can Europe Unite after the Ukraine War into an Economic Union as Political Union is dead and the E.U. may disintegrate if Germany declines!?!
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The CCP under Xi has a particular hate for the West and Xi's Chinese devotees of which there are many are baying for blood, anyone's blood I think at present, that is certain, China is decoupling it's exposure to sanctions from the West, which raises concerns of an invasion on Tawain, for China and especially Xi it has an ideological positive, but this should be ruled out by the "reality" negative (The bit that Putin left out of his plan, what if we don't win in three days!), the West is hardly likely to reward Xi, even if it's a short war and sanctions will be applied from all the Wider West whatever Xi thinks, if Tawain puts up a fight (...and the expectations are they will fight tooth and nail) then China might find the price to high to pay (Like Russia will), the third scenario is escalation to a World War and China with Russia against the Wider West, obviously no one wins in that game so again its pointless to start it. The best way is for Xi to improve China to an extent that it's equal to Tawain (6x more wealthy) then go for a peaceful integration, force does not seem to be the solution but the CCP may think it's entitled and doesn't want to do the hard yards "because" - insert any stupid excuse or lie!?!
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Let's do the Maths, 8,000,000 men capable of producing children must produce 16,000,000 (2x) children for like for like continuity, they are actually producing 7,500,000 X1.12 actual Russian current reproduction rate = 8,400,000 a reduction of 7,600,000 = 47.5% of population reduction overall in this generation, in previous generations it was more likely 20 to 35% reduction as their birth rate has been low for a while, this is not counting the young male Russians who are living in another country at present, so take a minus 47.5% hit from an already decreasing birth rate and you have problems!?!
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@cnrspiller3549 The bank identified Farage because who else would it be and why would the BBC report it, are they going to quote all of the different banks terms and conditions for impartiality, no, they are not, I don't blame the BBC it is a news story, the bank shouldn't have indicated anything, also they have to apply it across the board, this does not seem the case. This is what happens when companies think they are untouchable, they stole £800,000,000 from the UK and nobody got jailed, and ever since they are acting as if they are above the law, the CEO of these companies if they are found to be discriminatory should go, terrorists can get bank accounts easily, so can Oligarchs at Coutts!?!
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@stevensanto5934 On the contrary, it will cost Russia everything, and might spiral into a World War, you don't quite get how that works, now if only Russia had nuclear weapons they might stand a chance, but they don't, and when one goes off, unfortunately they will all go off, that is the only way it works, the majority of people in the world will be affected, be careful what you wish for!?!
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Japan is a winner, U.K. is a loser .....Hmmmm - Japan Navy is 4th in the World followed by.....The U.K. which has the biggest in Europe (Not counting Russia!), Japan has the first or second biggest debt in the world (China should be first!), Japan has 4 million hectares of arable land.....The U.K. has 6 million hectares, Japan ALREADY has a demographic problem just like the one you are forecasting for China, which is not going away.....the U.K. is forecast to overtake Germany with the biggest population and GDP by 2025 to 2030, Japan is ranked 48% approx. for productivity.....the U. K. 65%, Japan has land disputes with both Russia and China. The U.K. has always stated it wants an Economic pact with Europe and not a Political and Economic pact, if things go bad for Europe (I.E. The paymasters Germany may run into economic troubles which you have alluded to on previous lecture's) then that may come back into focus, I can't see the point in the NAFTA deal if it's worse than being in the E.U., we don't have to be particularly lined up with anybody as we can sort most things out for ourselves and trade for the rest, but if we do Canada, Australia, New Zealand might be better fits!
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There is no big crisis in Europe apart from Russia's illegal and barbaric invasion of Ukraine, the Energy crisis has been and gone, luckily it was a mild Winter and Europe cut back energy demand by keeping coal plants open, keeping nuclear open, increasing Wind and solar, building LNG plants and securing LNG gas from reliable sources, the Winter of 2023/4 should see less scrambling for energy and by 2030-2035 Europe will be majorly Energy independent, by 2040-2045 it will be renewable energy independent, everything else is just local difficulties caused by weather peaks and troughs, here in the UK a big deal was made in Europe about a lack of seasonal food stuff, mostly fresh tomatoes, but as 98% of other foods were still available it was hardly an issue, prices have risen some people have died from cold and hunger, but that has been the same for quite a few decades now, maybe forever. With water in winter we have floods and in summer we have droughts, that's been the same for as many years as I can remember, mostly it's just poor water management, there is no rainwater shortage, just lack of storage, this is the same for the majority of Europe apart from Spain and maybe Italy which might have to invest in desalination plants or a major storage and irrigation scheme, it's all solvable it's just put back until it's got to be done, same as in the US water management is the key, mind I can't see how California can win a case of hogging all the water and making others pay for it that does seem particularly daft, that is not a fair and equitable scheme!?!
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Brexit is to blame for everything apparently, I voted for Brexit and glad I did so, the E.U. is a shambles, from COVID vaccine to the energy crisis caused by the war in Ukraine, Brexit has very little to do with it. People in the U.K. used to do the crop picking before immigrants, but then the immigrants were cheaper, so the part time British people got cast away, and they need to up the wages to a liveable level to get them back as other work options are available. U.K. has a 100k lorry driver Crisis (Mostly due to poor working practices, poor facilities and poor pay, although the pay part was partly corrected during COVID), but the E.U. has a 400k lorry driver Crisis, an inflation problem, and an energy crisis (caused by the E.U. dependence on Russia that is ) as well so they are not immune to anything, their only saving grace is that they have not got an unelected Liz Truss (me I can do it?). Immigration should be controlled, criminals should not be allowed in or migrant workers without the required skills needed for the U.K. we (The U. K. ) should decide, not the people who just want to come here, the Tories are in their own internal battle at the moment, but Boris said he was going to get us out and he did, so for that part, job done, now we need someone who can run a tight ship to reduce our debts, get a fair taxing system on people who got the most, pay the most, and "trickle down" from that, we do not need E.U. integration, that is dead, and the lead actor, Germany, has been dealt a deep financial wound from which it may not recover, we need a European Economic Market (Tariff free and very basic common rules) controlled by each country in accordance with its rules! In conclusion, very little to do with Brexit more to do with not sorting things out that happen due to lack of planning and management!
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What a load of claptrap, the U.K. has been sidelined by COVID and the energy crisis caused by Mainland Europe being reliant on Russian energy and being cut off from the same, but impacting on our energy market. In the meantime we also had a silly Tory infighting battle which hopefully has played itself out. The U.K. has a number of problems it needs to address, some of which are in progress, like the implementation of affordable renewable energy, which is the biggest limiting factor, however the European Union has bigger problems to address of which none are being sorted out, Germany seems to have delayed or stopped it's renewables programme and is relying on carbon energy in a hostile market for Europe as Europe has inefficient reserves, is also heavily reliant on China and I won't mention Hungary. The U.K. has not rejected Europe, it has rejected the E.U. because political union is dead in the water, only a shared Economic policy is the way forward but protectionist E.U. doesn't want that, but when Germany stops paying because it's Defence and energy bills will rise, it might finally come to its senses, but I doubt it as the E.U. is a disparate collection of states acting as a country, in an Autocratic manner, look at your own problems, we will solve our lesser problems out in time!?!
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@bigt9374 The planet is not dying it will not die for another 3 to 5 billion years, a 2 degree adjustment is being made to the temperature which will impact a number of humans and land wildlife in low sea level areas, the majority of the effects from climate change can be mitigated by designing flood lakes and the like, most will not due to corruption and incompetence, as in the past, present and future "the biggest problem". The green option should be taken when it is more efficient and economical than the thing it replaces otherwise it will be unaffordable. Horses and carts were replaced as and when they sorted out all the main problems with ice vehicles including being economically available to most people. Regarding your 1% to live comparison it really all depends on "All" the data, which is far more involved than you are aware it appears, if for example you was only going to live for a further 24 hours it would make little difference, or you could increase your chances by making another lifestyle choice by doing more exercise that will boost your chances by twofold and therefore reduce the risk of eating meat, or you could decide that not eating meat was a step too far and you will take your chances, like smokers for example, climate change is not a one solution fits all, it has to be based on true facts not hysteria!?!
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@Garrus Vakarian Elon Musk follows the dollar, forget human rights, that's why he has a factory in China and supports an Evil, thieving, barbaric Russian State, he says he wants to do it to "Save Lives" or perhaps its if the war stops no recession, but due to Russia's illegal invasion possibly 100,000 people have died already, the very existence of Ukraine is under threat, so I agree with the Ukraine diplomats comments to Elon, who's privileged life escapes him from the world's harshest realities!?!
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The C.C.P. is never wrong, that's the bit they don't understand, and they are exporting this, forcibly, abroad, so it's going down like a lead ballon, and that's without the COVID debacle, they've got this attitude that "we" can't do without them, but "we" can, we've gone through COVID, in the process of the war in Ukraine, and things in the Wider West are pretty much as normal, we will go through a mild recession caused by the Energy Crisis (Mainland Europe's fault for being reliant on Russian Energy, but by 2023 that will be mitigated, at last!) and hopefully the Wider West will carry through on its reshoring of industry so we are not reliant on Autocrats who seem intent on taking the money and then threatening the Wider West, it seems so bizarre, Confucius says (Most probably) "Don't bite the hand that feeds you"!?!
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I think you have an error in your logic, you say a man will work to achieve a goal rather than be idle, which is majorly true especially if it improves his lot, even if he has to have a time or monetary investment. What you have not taken into consideration is that this man has been improving his lot since the 1990's on productive investments, so this had high returns to plough back into investments, which is the Pinnacle, but since say 2007 this man has been using non productive investments dressed as stimulus packages to achieve GDP fuelled by debt, this is the polar opposite of what you are trying to achieve as the debt has to incur interest payments which adds to the debt burden, effectively you have to work harder to achieve less rewards. The record Chinese investments are somewhat offset by the record Chinese debt which stands at 57 Trillion USD total debt (More than the Wider West combined) Petis has outlined the non productive debt trap previously in his frequent releases to the press, you can ignore the debt accumulation if you so wish, but it is not going away and it needs addressing, that's why Pettis alluded to the reset that is required to Chinas economy in the near future as otherwise the debt will be all encompassing!?!
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China's stock market has seen big falls, it's had a speculative increase based on easing of COVID, which doesn't seem to be happening (They will have bigger health problems if they cease lockdowns without vaccinations), quite the opposite, more lockdowns are looming, which will ensure another market correction, the property market is still readjusting to the new normal and requires more debt to fill it's sizeable liquidity problems, so China is contracting, it will have highs and lows, but is definitely heading downwards with a slow puncture, unless it can utilise loads more non productive debt!?!
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I don't regret my choice, I chose U.K. independence, you have very short memories let me remind you - Europe's vaccine debacle over COVID (A 100 year event) where the vaccines were adopted in the U.K. first and then the E.U. tried to take our stock after they sat on their hands for to long, then the disinformation about the Astra Zeneca vaccine, their continued hostility to the U.K. since Brexit (They would still rather trade with Russia, they've just been dragged kicking and screaming to do the right thing). Their tardiness to back Ukraine and do their best to keep the illegally invading lying thieving murderous Russians and their Energy to the extent that they had to be cut off by the bloody Russians ( Inflation is 10% approx. in both Europe and the U.K. due to the war and COVID very little difference there!) . Their stupidity since 2014 of being reliant on Russia Energy and crashing our energy market as well as our own to give us the biggest crisis that Europe has faced since WW2. Yes that E.U., who in 2023 will face more problems than we will as Germany has to capitalise a new energy market and double increase in defence and wean itself off China's exports, Italy, Spain, Portugal, Greece are basket cases and the larger former Soviet states are in legal disagreement with the E.U.! Yes to economic union but no to political union, it is dead in the water!?!
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@@OhlordyWeArefalling Last Winter was the worst one Russia could have taken advantage of, but Europe sorted itself out and arranged supplies from other sources, this year the supplies are coming from the other sources, Russia is out of the loop, their revenue from energy is down 50% as a result and the Rouble is worth one cent to the dollar and falling, I don't know what planet you are on but Europe is going through a mild recession after readjusting the majority of its energy supplies and food prices caused by the illegal Russian invasion, Russia can ill afford a war in Ukraine it will be the fifth biggest economy in Europe when Italy overtakes it next year, Poland will overtake it's economy in ten years, that's the state of mighty Russia, it's going backwards in Ukraine, it's going backwards economically, and backwards as a race!?!
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@LivinDaLyfeEnt He's losing against Ukraine, he's got to bring in a big power, even though NATO is not there, to shore up his support at home before they realise he's in such a mess, NATO has supplied Ukraine with defence weapons, but on that basis Russia has supplied more military equipment than the U.S., so it might just be that the Russian Army under Putin is a bunch of plundering, murderous vagabonds who are marching ever quicker to their deaths, but not to worry, their family back home wil get a Lada or a sheep, I think I would settle for the sheep, it's easier to handle!
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@steveembry817 If you start using nukes, everybody starts using nukes, it doesn't stop, you don't seem to comprehend, nobody will give in to nuclear blackmail, it's a deterrent that means assured destruction, not limited gain, using nukes means death especially to Russia, there is no alternative, America already has a twitchy trigger finger, I'd really watch it If I was Russia, they don't really need much of an excuse, especially if they can see an advantage!?!
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@hartleyhare251 Russia had the momentum initially, the fight is only going one way at the moment, and that is Ukraines way, it's hard to see Russia changing things as it seems to have run out of equipment (and money to replace equipment), they have sent further "Soldiers" to Ukraine, but Ukraine has more soldiers as it brought in full mobilisation early (900,000 soldiers with a potential of 5,000,000, their losses as an estimate is Approx. 60,000 including injured, Russia's and its militas 160,000 to 200,000 including injured, at this rate Russia can only go on for another 6 months, that's assuming it doesn't run out of money first, Ukraine is being supported by the West), a lot of these Ukraine soldiers have and are being trained by the West and have a sense of purpose, to live, equipment is increasing daily (Air defence will be another big game changer) to Ukraine from the West and from Russia!?!
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@effexon I am not looking to start a war with or for Poland or anybody else, Russia and its ally is suggesting the same and it's nonsense, War is a cruel mistress, Russia has found that out, it's hardly likely to attack Poland as well which would be like the Ukraine army with 10 years extra of training at least, whatever equipment Poland has got will be mostly better than the Russian versions, but Putin is stupid, he started a three day war and look where it got him, you can't rule it out, at present he is the biggest threat to security and appeasement is not the right policy. Putin's big plan is to extend the war between Russia and Ukraine, sow seeds of failure on Ukraine (It's not failing, it's just going slower than they would like) and hope for a Trump presidency in 2024, that's his only aim at present because he's running out of other options!?!
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@johansmifthelry9307 The past is a different country, France (....and Germany) distanced themselves Initially from the Russia's barbaric aggression in Europe and had to be dragged kicking and screaming to support Ukraine, even though the war was financed by Europe, France and Germany visiting China has been used by China as a division in US/ Europe relationships to further their aggression on Tawain, China using force to take over Tawain will be a step to far and should be strongly discouraged, Europe will be made to take sides if this happens and most of Europe will choice alliance with the US, regardless of what France does. Macron and other European leaders (Excluding Russia) should unite Europe into one cohesive unit under the NATO umbrella, so that they are not seen as a joke (Russia is the biggest joke but that is by the bye), they should have an economic union, but political union is dead, Hungary proves it, Germany proves it and now France proves it!?!
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Ray "invest in China" Dalio, the new world order with China and Russia, the only problem with that is China's debts are already at a world record high at 57,000,000,000,000 USD, and Russia's economy is currently on a par with Chile's, the US needs to get its spending under control, but China and Russia has far worse problems, decouple quickly is the answer!?!
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U.S. of America before shale oil used to buy oil from the Middle East. It is only recently that it has become energy independent again, and this is still a finite resource. U.S. of America has a big Worldwide military, if it just stays in its own backyard, naval gazing, the military will be reduced, "use it or lose it", is a driver of natural selection. American military development has, to a sizeable degree, had it costs offset by the sale of arms to "Strategic" partners, not necessarily only countries they had a deep affinity with, but to stop mutual enemies from cozying up to them because they are rich in natural resources, it only works with countries who have similar or neighbouring threats, their policy in South America proves this, which is, at best, strained as there is no mutual enemy, just distrust between them!?!
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It's more like a non elected government making a mid term mess at present, who will be out at the next election, but the biggest recent problems in Europe has been caused by COVID, then Russia, then the De Facto European Powerhouse of Germany (Also Italy and numerous others) reliance on Russian Energy crashing the Europe market (Including the U.K.'s). The problem with Mainland Europe is that the big players want a political Union, which if it wasn't dead before then it is dead now, and they should pursue an economic union, which could include all of Europe (That is all of Eurppe that's on the same page - I.E. Not Hungary at the moment). The U.K. population has settled into a role not as a super power but leading to a self sufficient Island state with a robust economy and defence and looking after it remaining dominions, however the government is not on the same page with that at present and still wants us to meddle in other affairs (Ukraine is an Exception to this for the right reasons, and it is heartening to see most of the West supporting them, although again France and Germany are noticeable laggards to the cause). The U.K. has long term systemic problems it has not addressed but the direction of travel has not altered, we are just waiting for the rest in Europe to grip reality, then Europe will become the main Powerhouse, Germany has far bigger problems than the U.K.!
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@davidrobert7180 Putin's move got him two new NATO neighbours, 50k plus dead Russian Soldiers, 15k dead Ukraine Soldiers, 60k dead Ukraine civilians, a 750 billion Surplus to billions minus deficit a day and counting, it's lost a continent to supply its energy to, so has to send it's oil half way around the world at a discount, its burning a large part of its gas off as its got no-one to send it to, all its industry has tanked, it has an exodus of 800,000 (mostly young) people to date since the start of the war (That's as well as having a demographic problem anyway), will have sanctions for decades which will send the economy below Poland's, may cause the whole of the federation to break up, but apart from that, he's doing O.K. that's what it said on Russian T.V. anyway which looks like where you get your info from!?!
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Some European Countries, the U.S. and Russia had an agreement in place to uphold Ukraine's sovereignty when it became an independent country, in 2014 Russia partially invaded Ukraine and kept territory in a separate agreement, and the West applied limited sanctions following that partial invasion, then Russia ripped all agreements by illegally invading Ukraine fully this year, and committing human rights abuses while carry out it's invasion, so the West is helping Ukraine defend itself as part of the original agreement. Germany and Italy are the main countries who foolishly became dependent on cheap Russian energy, due to strategic errors in their energy policy - Other E.U. countries are also dependent but to a lesser extent. Russia assumed that the E.U. would not apply sanctions against them due to the hold they had over their energy. However as Russia's actions were so horrendous and may have continued to other countries a stand had to be made against them. In the short term this will cause energy prices to rise as it is a scramble to obtain alternative energy for the E.U., which has gas reserves at present to last them into March next year and more on the way, and during the next year alternative long term contracts will be in place and the energy market will return to somewhere near normal, however sanctions against Russia will last 10 or 20 years!
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Let's have a look at what the "expert" said,
The UK is a rich country - The UK has the sixth biggest economy in the world, however the wealth is not distributed evenly, approx 20% of the UK lives in absolute poverty, a further 20% lives in working poverty, that's 40% of the country so her statement is absolutely not true!
The government has caused crisis after crisis and BREXIT is a factor, we have come out of COVID which was a worldwide pandemic and then Russia invaded Ukraine, the EU countries dependence on Russian energy and their removal from it caused the whole European energy market to collapse, including our own. EU and UK trade is broadly the same as it was prior to BREXIT. The French have reneged on all their agreements with regard to illegal crossings and recently lost a court case for one and had to pay us compensation, so more statements that are again not true.
She claimed that we can easily accommodate 40,000 illegal immigrants but this is not true, it should be noted that France has 5 times the land of the UK with a lower population and they are seventh richest country in the World, 10% of people in France live in absolute poverty and a further 10% live in working poverty (20% to the UK's 40%), so why don't they stay in France, it will enable the UK to level up its poverty, by taking money from the woke liberal elite (Like the Expert) and distribute it the UK poor, rather than let in illegal immigrants who take a share of a already small pie from the mouths of the absolute and working poor of the UK, Europe can't afford to house, cloth and feed the whole world, they are sovereign countries that means they look after themselves and we look after us, illegal migrants and especially if the criminal variety have no place in the uk or indeed Europe but if they want their borders open that does not mean they can open ours, the Ukraine war is different in respect of Russia's illegal and barbaric invasion and the UK should help out in these circumstances but from the top not from the bottom!?!
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@dekumutant Transparency and the CCP, although it would "still" be the best policy as they are like swans at the moment, in charge on top, but flapping underneath like the proverbial clappers, at this juncture it is highly unlikely that they would do so, as their grip is tightening and not loosening and their solutions are just plugging the gaps, there is no wherewithal in Xi's regime to correct past and current major mistakes. There should be a reset, they are still borrowing large amounts of debt instead, one day it will be forced upon them, if they are waiting for something to turn up they will have a long wait as their belligerence is causing a barrier to international trade (They are "always" right, even when they are wrong) Unfortunately there is no alternative to the CCP (Different factions may take over maybe with less belligerence and more economy minded, but overall the picture will remain the same as it has from 2008 the trouble is I suppose is that they get a "cut" from the debt money and somebody else is paying, we won't say who because they haven't realised it just yet!) unless local governments can step in, these will form into rich and poor parts however and some autonomous regions!?!
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@rickschritt1616 It can't be relied upon at present without Nuclear base load (Assuming hydrocarbons are going away, not all, but most), further developments have to be made in renewables, although it has made fast progress, tidal generation is almost zero yet that's the one with a guaranteed cycle 24/7 365.25 days of the year, renewables are still only a third of the way from where they need to be, batteries in particular need to be way more powerful (In a grid Failure £7000 of batteries can keep your house going for 12 hours?) or the actual energy consumption has to decrease by increased energy efficiency of the consumer equipment, and don't talk to me about heat pumps, they cost 10-15k to install, and they have a cylinder, which all homeowners have been trying to get rid of for years!
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What do we do otherwise, these Autocrats don't stop, they will just carry on, we can and must stop them, it is very unfortunate, but it was the slack response in 2014 that was to blame, the sanctions applied now should have been applied then, this course of action might have been averted, but as it is up to Putin, he might not even then altered course, but we must now prevail, the Autocrats don't care how many lives are lost to achieve their aims, unless it becomes a threat to them from within!?!
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@jeanbaptist9147 Don't believe the Russian bullsh*t, U.S. and the U.K. had signed and agreement guaranteeing Ukraine sovereignty, they are just helping Ukraine defend itself and keep it sovereignty, along with all the other Western allies, Russia was the other signatory to the agreement which it has broken in 2014 and 2022, both illegal invasions under the U.N. charter. Only Ukraine soldiers along with volunteers from all over the World including Russia, are fighting Russian troops, who are using convicts and mercenaries on their side, while carrying out the vilest atrocities, it is morally repugnant to have any support for Russia at present, but you carry on!?!
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That is an "open ended" question, COVID is a temporary blip, China will recover from it, they will accumulate a substantial amount of debt from it also, and they have not managed it in an efficient manner, but I am sure at the end the C.C.P. will say that they did manage it effectively, and better than the West's handling of the situation and their scurrilous efforts to sideline China type scenario. However China had several systemic problems before COVID and these problems have not gone away, the non productive infrastructure debt accumulation (No return on the investments) since 2008 (Approx.)being the biggest factor raising the debt to GDP level to 300% and rising, which is set to continue for the foreseeable future, for example building high speed train lines to nowhere is costly and continues to draw resources in maintenance when there is insufficient revenue to recoup the investment but what do I know, I'm not an economist, perhaps they better start listening to Michael Pettiss instead!?!
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Not really, in the 1990's and early 2000's China had a surplus economy, since about 2008 it started using non productive debt to fund infrastructure and the like to enable it's GDP growth to enable it to overtake the US, any other country would have reduced the debt and it's GDP targets (Well maybe except for Japan in the 1980's-1990's), so it has carried on until this present day when China's debt is more than the Wider West's combined with a total debt at 57 Trillion USD, the CCP can still fund it's debt with its citizens money as they have total control over it, but the outcome in the future seems precarious at best, my assessment could be totally wrong as the CCP hides it total debt burden and thus this is based on the economists best assessment of China's debt burden, but the indicators are that this is the current predicament as the CCP is unable to change its trajectory to several major systemic problems affecting the economy without a reduction in GDP (I.E. Debt fuelled GDP disguised as stimulus), due to demographics and decoupling China's prospects are hardly likely to improve, and although Europe might have a different view (But not when push comes to shove) the US provided China with its biggest Trade surplus over the last few decades (Europe is second)!?!
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Hamas are the ones to blame, they started this cycle of violence and counter violence, the UK has no jurisdiction in either Israel or Gaza, Hamas should fight their war outside civilians or the civilians should give them up, the UK government is unequivocal Israel has a international legal right to get rid of Hamas, Hamas are in Gaza, his wife and parents decide to stay in Gaza prior to the current escalation (Caused by Hamas) it's their choice, there are always alternatives, and he does he not condemn Egypt for not opening their border, they can do so and alleviate far more people from suffering, it's not "our problem" it's theirs!?!
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China want's to control COVID, it's property market, it's tech industry, it's media, it's foreign debt loans, it domestic banking collapses, capital shortfall, etc., etc., So perhaps it should sort their own things out before trying to run anything else, along with their best friends Russia! They will pay a price for continually blaming the West (Their biggest market) and holding hands with the invaders, sorry "Special Military Allies". The West is not perfect, but it's far better than Russia and China, where you just get stamped on, and I can say that here (Even about the West if I wanted to), but most probably, not over there, so you just carry on!
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@Gizziiusa China to the West is a strange place, and it does things that no other country has done, and this could be that they are super efficient or extremely inefficient or a mixture of both. Their G.D.P. trajectory suggests efficiency, their debt pile of 300% of G.D.P. to achieve that G D.P. (and rising) suggests inefficiency, and that is the concern, their large surplus is swallowed up by underlying debt due to inefficiencies in the property market, non productive infrastructure investment and the like, it seems unlikely all will end well, and that's without COVID. COVID has had a negative effect on all the World economies, but China has kept it going for four years, to the end of 2023 being likely due to the second winter wave, where everyone else has taken two years, and China's death rate will still be equivalent to that of the Wider West and other countries!?!
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Winter will be O.K. it's more expensive but solutions exist to counteract that in the long term, short term it's manageable, it's only because of Mainland Europe's dependence on Russian Energy and it's quick withdrawal that has caused problems, it won't happen again (I hope!). Europe will make 20 year contracts with "trusted" suppliers from the world market if that's the cheapest option, Germany is building 5 LNG terminals at present for completion next year, and so it sees its future that way forward for the immediate future. It is a changing time for Europe but that does not mean the wrong path has been chosen, it does not have carbon energy supplies in sufficient quantities but renewables is a long term solution to enable independence from a hostile carbon energy market, and though inroads have been made with renewables, it has a further decade to go, but the pace will increase in intensity. With regard to furnaces and all that it's down to the price of energy again, and when this is stabilised the industries will rise up again, we have been here before! If America's picture is so rosy why is there so much discontent, it also has large swathes disused Rust bucket industries. It is using too many resources per person and it should cut back on them, it is incurring a debt burden because of that (not to the extent that China has, you can thank god) but it is not the land of milk and honey, it does have its own problems, but I'm sure the Wider West will benefit from closer cooperation and put at arms length the Autocratic regime's which seek to undermine us, deeds not words!?!
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@erlandhov1409 Germany greatly miscalculated Russia for decades and furnished them with the capital to start the wars, the Obama administration and Mainland Europe (Apart from the UK and Baltics and Nordics, who were sidelined!) compounded that with its lacklustre response to the Donbas and Crimea invasions. US led NATO did however start training the Ukrainians following the 2014 invasion and the US did signal to Ukraine that Russia was due to invade Ukraine through Belarus and Crimea, which Ukraine dismissed at the time and resulted in them being caught with their pants down. The US, UK , Baltic and Nordic countries initially did exceptionally well in supplying aid for defence and humanitarian purposes against the Russia horde. If the US had not intervened in the conflict (Which is in Europe) with the slow German (Due to the energy dependency) and French (Due to its own interests) response, Ukraine would have lost the war in 2022. Mainland Europe is finally (After majorly being cut off from Russian energy) getting its act together in 2023, with the sterling US effort, which will aid all democratic European Countries and promote strength against the Autocratic regimes. The US will be better served with its allies in Europe increasing its defence due to the Russian invasion, however to have strong allies it should strike trade deals with Europe and resist ties with Autocratic States, this is the best policy in the long run!?!
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The day he held a champagne reception in Moscow is the same day his troops are surrounded in Lyman, fighting for their lives, just because he says its so doesn't make it so, the annexations are all illegal by international law, and he's losing on the ground to Ukraine alone, NATO has turned the gas down to save energy, wrapped itself in a nice blanket and put its feet up, watching Putin, the "King Canute" make a fool of himself, militarily and economically, but I suppose Russian T.V. has got him lauded as Putin, the Master of the World (No, that's not quite big enough for his ego, let's try again) Putin, the Master of the Universe, putting wrongs right and consigning those devils in NATO to a "comfortable night in"!?!
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Where do you start with this one, Germany, Italy and other European countries reliance on Russian Energy was foolish, their decision (For both countries) not to build New Nuclear is baffling, Germany cites the dangers with nuclear accidents which has directly killed around 10,000 people worldwide, however burning the nice brown coal kills 3,500 people annually in Germany "alone" , Germany is progressing with wind power at a bureaucratic pace (Slow and stop), solar really only works in Southern Europe as when you need it the most in Northern Europe it doesn't work. Germany has quickly built a number of LNG terminals with more to follow in 2023 and 2024 and has secured a 15 year supply (hopefully from "secure" sources this time), which is commendable. However it still does not address the fundamental problem that Europe has with Energy and renewables (Including at least 25% new nuclear) is the answer as that can be put in our backyard. The OPEC and OPEC+ countries are hostile to Europe (....and Asia but that's up to them to work it out) and therefore the transition must be made sooner rather than later, it would be better to plan a Europe wide energy infrastructure but that is too much to ask. I live in the UK, and we have also made big energy errors in the past but by 2030-2035 we will be majorly renewable energy independent, and by 2040 (.....and two trillion quid, one trillion on wind, nuclear and solar and one trillion on grid upgrades) totally energy independent, I hope Europe can do the same, but at present that doesn't appear to be the case, it's all a bit of a quick fix muddle!?!
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Brexit is not the biggest drawback of the U.K. economy, COVID a once in a Hundred year event, the war in Ukraine a once in 50 odd year event, the stupidity of E.U. countries being dependent on Russian energy, the Tory Party personal ambitions over the country at present, Brexit is right at the bottom of the pile, and if the politicians get their act together, it can be mitigated, however hardship existed before Brexit and unfortunately it will continue after, some of it is poor life choices, others is just bad luck, there are safety nets but they need tightening!?!
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It's the ones with the biggest guns and bombs, like always, AI will just do the administration. Russia technology is almost zero, their economy is 5th or 6th, or 7th in Europe (Depends on whose figures you believe as Russia lies about everything at present) but they dominate their neighbours by greater numbers and loads of weapons, old weapons but weapons, it's only endemic corruption that is undermining their use of that power, Russia will be a failed state in the next decade unless there is a dramatic turnaround. China is subject to endemic corruption, they have AI but use it to control their citizens, they have more weapons and people but remain an unknown force militarily and their economy is subject to a reset, they may decline rapidly or slowly, but will decline. The US has Hi Tech and a more advanced military but overall less appetite for wars than the propagandist Autocrats, they dominate World Trade but cannot get on with their South American Neighbours which may be the biggest tensions in the future. Europe has a disjointed military and relatively little AI but they make the most important machines to make the chips, they have a big market but do not act as a country and the policies do not align, also they have the least carbon reserves as a Continent, this has enabled Russia to start a war in Europe as it (....and China and the US) does not see it as a military threat, and it's difficult to see it in those terms, business rules is all well and good until someone rips them up and threatens to take over your country!?!
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Brexit was voted by the majority and still took a while to implement, you can't cheat the majority, the electorate sorted that out in the last election. All Brexit liabilities can be offset by setting the economy on the right footing, it's just that the Tories are fighting amongst themselves at the moment. We have to pay off our debts, taxes should not be reduced and higher rate tax should be 50%. The NHI surcharge should have remained as the NHS is struggling after COVID. Stamp duty should have remained the same but affordable housing should be tackled. The BJ government targeted mostly the benefit people for help for paying energy bills but everybody got £400 back, even those who could pay, Liz Truss is helping everyone even if they can pay, which is silly, help should start at the bottom and work its way up on a sliding scale, people over 50K a year should pay, industry etc. should also have the help as outlined by the government, for next year there are no plans to help the poorest in society apart from the energy cap available to all, if the energy crisis continues, this will cause real hardship. It is a Thatcherism government of the worst order, Labour and Lib. Dems next to get in, although they do not give me a load of confidence, loads of Tories will be out in a rout!
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China is right and everybody else is wrong, on any event, the CCP (Read Xi - Oops sorry Xi, didn't want to upset your dictoral ego, but you did get in all your yes men, there is not one rival on the main committee, all the rest are dead or demoted, and you changed the rules to govern forever) can't be seen to make an error of judgement, when countries act because of China's aggressive behaviour, it's a strange time in China. Xi obviously knows how the CCP works because he dominates it, but on the World stage well that's a different matter!?!
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@brianlowe3529 I didn't dispute that, but now you mention it I will, China has 14.1% of world exports as of Dec. 2022 published by Ezoic not the 64% you allude to, was that from the C.C.P.?, it imports are around 10 to 12%, it is highly unlikely to overtake the U.S. as the number one economy as it's biggest surplus in trade is with to the U.S. and Europe and they are "planning" to diversify from China in the near future as their dependence on Chinese made goods has caused problems with their policy on COVID, so certain items will be made elsewhere. There is also its debt problem being $54,000,000,000,000 (By other sources) or $51,000,000,000,000 (Made my finger hurt typing that) as reported here in debt, their property market is in a terminal decline until it reaches the new normal and demographics are reducing the population as reported by the C.C.P. for 2022 and onwards, they can and are fueling growth by a large percentage of debt and if they spend this citizens money they can achieve the top spot as the number one economy, it will however be short lived as it goes bust and becomes the third to seventh economy! China should restructure itself to consumer rather than export led demand, this means that the C.C.P. has to loosen the reigns and this is not going to happen anytime soon!?!
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The two major nuclear power plant accidents have claimed directly around 3,500 lives each approximately, and contaminated a large swathe of land (of which Ukraine has plenty), since the start of the war Ukraine has been losing that amount of people on average every fortnight, it has the potential to be worse but not much as the plant has been idle for months, the people who perpetrate this act should be immediately indicted for war crimes right up to Shoigu? and Putin. It would better serve Ukraine to have more long range missiles (They have been waiting for 2,000 for over a year now), more patriot systems etc. quicker rather than escalating the war by bringing NATO in, so they can carry out the task in hand, delay is causing the pauses in war, we have "gone in" now go "all in" in supplying the equipment required, and Russia should be threatened that if civilians are further targeted indiscriminately then no target will be off limits in Russia to Ukraine!?!
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China wants foreign investors, China wants a war with Tawain, I think they can get one or the other, I think that they are unlikely to get both, instead of sorting its systemic problems it wants to make them worse, China will be more heavily sanctioned than Russia if it does choose war, and that will be for decades, it appears to be a fools charter, but all their posturing says that is what they intend to do and it will be maximum aggression and brutality, the Wider West should look to separate as quickly as possible, we should be done here!?!
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I suppose it's all right for Russia to persecute it's vile and savage war and we put our heads in the sand, even though Russia has already indicated it would not stop with Ukraine, the energy problem is not all Russia's fault, it is partly to do with Thunberg and her lot getting coal stopped, Europe slow to adopt new nuclear (Except France, but they have lots of plant under maintenance), Germany has turned away from nuclear as a matter of policy, not nearly enough development in Wind ( Solar don't work to good, the sun don't shine enough), governments should target aid to people who can't pay (Or partially can't pay by a sliding scale), not ones who can pay. What we must not do is give in to Russia's blackmail and never ever get into this situation again (Dependant on Russian or anyone's energy), so Europe's dependence on China must also be looked at as if they invade Tawain they will blackmail us as well!
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Russia is doing what it can to thwart the Ukrainian attack but although they may have some limited successes it will not greatly affect the outcome of the war which will be a Ukrainian victory. Ukraine has to use mobilised men as well as Russia, and Russia has a bigger population, it was not Ukraine who started the war, it was Russia. Russia is carrying out a genocidal campaign in Ukraine and it will continue as long as Russia remains, this will focus the Ukrainian minds. Ukraine has 3,500,000 possible soldiers to bring to the front, trained to some degree and equipped, Russia would need 15,000,000 troops to deal with that and that will be the end of Russia, they are struggling with mobilisation at present!?!
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Yes Macron has opened Pandora's box, the countries neighbouring Russia owe Macron a virtual kicking, I'm sure Russia TV will play the amended version of China's retraction on Ex Soviet states. Russia and China wish to subvert the current World Order, they will not stop until they do, the Wider West must isolate them or we will pay a high price, France and Germany have in 2022 and 2023 have greatly undermined the Wider West with their silly cosying up to our enemies, everything out of China's official press is bile and hatred, we can't even sail the International Oceans without their say so, this has got to stop. Bill Bishop seems taken aback by the diplomat's comments he obviously has a "selective" focus, that is what most of their media is like, very confrontational!?!
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Your statement has no relevance to the CCP, they will claim that they are the most trustworthy and honest regime on the planet, and regardless of whether that statement is true or not the CCP are in control of practically all the levers of power and its citizens must comply, the citizens only redress at this juncture is mass protest which is fraught with harmful and deadly response and CCP retribution, so it's citizens will have to get really, really, really cheesed off, I don't see a change until all the money is gone, and one day it will be gone, they have a debt burden of 57 Trillion USD at present, nearly double that of the US, whilst having half of the US total assets, it's mind boggling, but on they go!?!
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We have eaten meat for thousands of years, supplemented by plant based foods, it gives 7 billion people food security, relying on plant based food which is subject to the weather conditions is utter lunacy there is no fall back options, without meat there will be no animals on farms, they will not be kept for nothing. Animals should have stronger regulations on farming humanely, without going overboard, but that's about it. Freedom is also about personal choice, I do not eat much meat these days, but reserve the right to do so, I do not wish to impose it, however if vegans/ vegetarians do impose it I would want to counter that proposal that their choice should be removed also and if voted on "with meat" only places are also allowed, it should not be one sided!?!
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@davidclemens1578 A point with regard to the barter system is that it relies on trust and there is trust in the FIAT system for countries that are trustworthy, it can punish countries who are not trustworthy. Adopting gold is obviously a non starter as gold will have to be located in other countries if you do trade with them, you don't run up a long line of credit, there isn't enough of it, the only other viable currency for economy size (If their figures for GDP can be verified!) is China, of which the Yuan (A separate currency to their domestic currency the renminbi for most probably nefarious uses like currency manipulation) which is losing ground on the dollar (whether by design or pressure by the fed is unclear) who in any dispute will win and have major debt problems (57 Trillion USD total debt 300% of GDP for on and off books ledgers, assuming GDP is correct!) You can see where I am going here if you can't trust the figures as they are unverifiable, why would you use them as your reserve currency, it would be a license for them to spend everyone's money from the Whole World not just their poor citizens, FIAT currency is not perfect, like democracy, but it is far better than the alternatives, that's why it works!?!
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@bvaradinov It's a bit like blaming the West for everything again, U.S.S.R. collapsed because they made very bad decisions, they certainly wouldn't take any advice from the West, which leads them to Putin's debacle. He is making very bad decisions, he won't take any advice from the West (His response appears to be to make further threats on the use of nuclear weapons, but how their total destruction will help them if that action is taken is incomprehensible) or his allies, and is blundering into isolation or collapse, it's all their own fault for acting in a reckless and barbaric manner and thinking there will be no consequences, quite the opposite, they alienate all of their neighbours (Including Belarus but they have a puppet government in play, at present!) and there are big consequences, nobody wants Russia in their present form!?!
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Well it's a matter for its citizens and the Supreme Mind Boggling Super Efficient CCP Government, unfortunately for its citizens there is not much of an alternative and the different factions within the CCP have been sidelined by Xi, so one bloke is in charge of 1,400,000,000 people and he wants self sufficiency, even though it's an export driven economy and a increase in domestic consumption would mean citizens keeping more of their money, but less for the CCP (Or industry, but that's got to be ruled out or they can't make the stuff), which is against every sinew of their being, so.........!?!
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Xi is in an ideological stupor, he's not an economist, figures don't mean much to him, it's the "Big Picture" with China at the front and centre, taking up its rightful place, his citizens will pay because he's their leader and he knows best, of course it's going to be fine, he just put out his "Mein Kampf" or the "New World Order" built on "Dictators United" what could possibly go wrong, ever since he took over China has been going from strength to strength, not beligerance to beligerance, it's only the flailing and drowning West who utter these scurrilous remarks to the greatest leader who has ever graced the Earth, Blimey Charlie!?!
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Yes compelling Chinese citizens to throw good money after bad is a unusual way (But I suppose entirely within their doctrine "My money is my money and their money is my money") for the CCP to "right" the property market, I'm sure they will all go for that one. It used to be an investment vehicle for ordinary citizens when like a Ponzi scheme it kept on giving high returns and for a long period, but this has worsened the crash, when Evergrande got into difficulties, the Ponzi scheme does not work anymore as it is not a good vehicle for investment and the demographics means China is not requiring so much housing stock. The housing sector has to change by mortgages being paid when the property is completed, if the property is sub standard no purchase, the property prices need to adjust to the new normal which is an average of over 50% (Downwards that is) overall, in some areas it will be higher and lower, the Zombie property companies must be collapsed and their remaining assets must be used to correct unfinished properties along with government stimulus, including Evergrande, delay is just costing more and causing more problems, but it most probably will be delayed by the CCP as it would rather pick daisies than admit it has a problem, even though "everyone" knows it has!?!
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@U tube fun We should point out at each opportunity that we also have nuclear weapons and they will be used in retaliation to an attack, every time they threaten to use one nuke they do not appear to acknowledge we would send them back, also as the Americans are trigger happy, they had better tone down the rhetoric, they might decide rightly or wrongly to go first, and get some sort of advantage, Putin is treading on very dangerous ground, and it must be said, so far, due to his poor judgements of situations, like his victory Day parade he had to cancel a week after the invasion started!?!
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@jerromedrakejr9332 Haha don't try and big up Russia, their ships are well out of range at present and are doing long range inaccurate missile attacks on civilian infrastructure of which 70 or 80% is currently being shot down, including drones, and will most probably increase to 90%, the air force is being reduced to missile attacks from Russia as it is becoming a no fly zone for them in Ukraine. Russia was going to take over Ukraine in three days, after the initial attack which Ukraine was not prepared for, the Ukrainian's have liberated three major areas and whilst Russia is attacking at present they have hardly progressed a few kilometres but at great loss of life and equipment, and it's 300 and odd days, the Russian economy is in tatters and it does not have the equipment or money to develop this war in its favour, it is stalling Ukraine but that will not last, and hopefully the barbaric Russians will be defeated this year!?!
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@Grant80 They will retake the 2022 invaded land first, North and South, then the Himars will be able to hit every target in Donbas and Crimea, starting with the logistics and in time Russia won't have a choice, well not a battlefield choice anyway, they could go nuclear, but that would mean, most probably, it's total destruction, as the West would act in a way that would be totally unjustifiable to the Russians, and they don't like being deterred, so things will further escalate!?!
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Russia will say it is not publishing its data to protect its suppliers but it's not publishing any verifiable data about its economy, so the chances are it is manipulating the figures to line up with its narrative, the same sort of way it justifies its invasion strategy, by lying!?!
Russia is self-sufficient in energy and food, but is exporting not as much as it did, gas is at half production, food is less, and oil will be down by half if it doesn't trade with the price cap.
The industrial sector did not keep up with production in peace time, without sanctions, it is hardly likely to increase it in war time with sanctions and it's purchase of Iranian drones and North Korean munitions suggest it is not coping, but the IMF has put Russia's figures in for industry allowing them to make arms etc. for 2023 which looks more than is feasible under this regime. Also the arms and equipment count as GDP but is wasted in Ukraine, as when used the money does not generate a return so it just adds to debt.
Russian tech start ups took a big dive when mobilisation occured as hundreds of Thousands of the Tekkies left for other shores, and that's without demographics.
Your rosy picture of Russia just doesn't stack up, but we will see, there is loads of time!?!
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U.S. is self-sufficient in oil, it exports it, an increase of 50 cents barrel it's a sort of minor snub more than a economic game changer, so it's a non story, a western recession will drop oil prices through the floor, but a recession will occur in the winter, then a China slowdown will further the fall in Spring, so it's too little, too late, the push for nuclear and renewables in Europe will be much greater as fossil fuels are becoming a weapon rather than a market, it will still play a part in the energy mix but be much reduced from its present dominance in Europe!
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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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The universe is not pointless as there are lots of sharp objects, its the wrong question. Its just that things exist and they exist because they follow the rules to exist, they exist because they abide by the rules to create a universe, and abide by the rules to create galaxies, and abide by the rules to create planatary systems, we exist because we follow the rules from the beginning of life as a single cell through development by natural selection, its just we dont know all the rules and if we did we would most probably be able to make changes to them, but not today, you exist because all the bits are in the right place for you to exist by the rules of the Universe, the space exists in-between because their component parts are following the rules to exist etc., there may be no point to the universe as far as we know now, but we can make a point to the universe if we knew all the rules, we can take comets out at present (With unpredictable results) and the like, but it will be many years into the future before we become gods!?!
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The US wouldn't have a population of 1 billion people as the land cannot sustain it, it would be counter productive, the high population centres are based in countries which for numerous centuries have been able to sustain it, it's Mother Nature's way - still.
The people who long term remain in the North will eventually turn white, it's down to the climatic conditions and environment which basically colours the skin, our skin will change with the climate and prevailing conditions in future generations, funnily enough, as in the past.
The exploding increases in population centres above what they are able to sustain, which is the majority of those who are forecast to increase, will cause famine and hardship with the resulting conflict and probable severe population reduction, it would be better to restrict populations to a size which would avoid that scenario as it will just bring widespread misery, also as in the past, it's not a whites against everybody else thing as you portray, it's humans against nature, that is the battle, and some are more successful than others, due mainly to location and leadership!?!
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Colonialism does not play a part in Africa's politics or economy currently as it does not exist anymore and hasn't since the Second World War, Apartheid (Rightly) also does not exist as a force, but maybe in some individuals or group attitudes, however the majorly black leaders in Africa are responsible for systemic corruption (They are the ones bribed by the mining companies, who ever they are etc.), nepotism, tribal infighting, state sponsored murder of opposition (Wagner employed to eliminate the leadership's political enemies and so forth) and other major breeches of human rights, it cannot just be put under the carpet as "White Man's problem" as the power is in black hands, it's YOUR problem, sort it out, until then, there will be no progress in Africa, your beating the wrong drum!?!
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@Homer-OJ-Simpson France and German led EU, but their axis is crumbling under their inactivity towards Russia at the start of the Ukraine war like it wasn't happening in Europe, and their general laggardness afterwards, it is with little suprise that France cannot see the danger in a petulant and hostile China towards Tawain and how that might be disastrous for Europe at present because as with its dependency on Russian Energy and it's subsequent scramble to an alternative, Europe is also heavily reliant on Chinese and Taiwanese exports, it should reshore critical industries like the US and diversify out of China to be less reliant, but that should have happened last year. The UK government has made some mistakes recently (But is getting its act together at present, the pound is worth 1.24 usd) but support for Ukraine was not one of them and the UK has signed a defence treaty with Japan to help with Asian security, along with US and Australia for AUKUS security, this is a better way of providing peace rather than bolting up your doors and hoping it will go away, if Mainland Europe had a credible force and not reliant on Russian energy then Russia might not have invaded Ukraine, for which Ukraine is paying a rather high price!?!
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It's cheap at half the price, Russia is degrading itself all on its own so it won't be a threat to others in the future, and Ukraine is doing that, Putin's decision to invade is going to cost Russia far, far more, for far, far longer, who supplies Europe's energy - not Russia, where is over 90% of Russia's military - in Ukraine, who's advancing back wards in Ukraine - Russia, never mind you backed the wrong horse, it was a unicorn!?!
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The Energy Market has been broken since its privatisation, the Russian crisis has made this worse but only because we got rid of coal and run down nuclear so we can't get base load, this is changing but too late for now. Germany and other E.U. countries relying on Russian energy and having to switch energy supplies due to Russia's barbaric invasion of Ukraine caused the European Energy market to crash for this year and maybe next until the fallout works it way out of the market. However we cannot fund Russia to carry out its war crimes in Ukraine and maybe elsewhere in Europe, that is immoral. We will get over it and Russia will suffer more, however why we are paying people who can afford the energy bill to be subsidised seems bizarre as they will use this money to add to inflation, only people who can't pay or need help because they can't pay it all should be funded, this will presumably bring the bill down to 50 billion, this 50 billion should be borrowed by the government and drawn by the energy companies under audit, in the future the energy companies should pay off the 50 billion by way of a surcharge, which should be a permanent separate surcharge to cover this problem in the future, the eco levy should be dropped so the surcharge can be added to bills with no extra cost! Also air fuel should be taxed to generate additional monies for renewable energy development!
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The EU countries dropped a big bollo.... Er Clanger with dependence on Russian Energy, we have witnessed both Germany and France scuttle to China, most probably against their citizens wishes, and looking to compound their mistakes, it seems stupidity itself but that is what is happening, I wish the other EU countries would bring them back in order, we in the UK are fed up of dragging them back in line, it does get a bit grating, the fact is Russia is barbarically invading Ukraine a European country and China backed Russia in a two horse race, that is the reality, close your eyes at your peril!?!
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