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Yes, the sanctions worked. Or, rather, the military sanctions kept Russia from replacing, repairing, and maintaining military equipment, particularly artillery, and had an obvious, relatively earlier impact than economic sanctions, like the oil cap, which cut back oil profit, though not necessarily volume. And, no bots, the sanctions did not affect the EU more than Russia.
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1) Wasn‘t one of the major reasons for China’s BRI was that China knew these countries would default, and China would then take their country‘s resources and strategic locations? (Of course, that was years ago, when we and China thought China had money…)
2) The BRI is also an extension of CCP’s obsession with tofu dreg infrastructure projects, except that the BRI tofu dregs are exported, and the CCP “loans” money to these countries. But, like domestic tofu dregs, Chinese businesses, Chinese workers, the Chinese GDP, and Chinese kickbacks, are the ones receiving the money. (Okay, corrupt local officials of loanee countries get their share, too.)
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Yeesh, I’m glad we’re getting out of the ME and haven’t stuck our busybody noses too far into Africa. Yeah, these countries have resources, but, as someone who’s been following them since Reagan, I figure that, in contrast to oil, if they haven’t gotten them out of the ground, then they’ll never get them out of there. And the irony is that, despite all these “valuable” resources, they’re fighting over water, something us westerners literally flush down the toilet. Interfering in these areas is futile, and only countries like Ukraine are worth helping.
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The 4am rule is worth it because NO ONE ELSE IS AWAKE. :P No interruptions! No distractions! Privacy for once! (: Unfortunately, after exercise and lunch, I’m usually asleep at 2pm (search on biphasic sleep). Thank goodness I’m retired. :P Anyway, on Friday or Saturday evening, you can always go to sleep after a full meal, then wake up whenever, and start your day. Personally, I think it’s more important to be well-rested (which is why I sleep twice a day, again, search on biphasic sleep), and have some peace and quiet from everyone else so you can get done what you need to get done!
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1:17 : Exactly. The leftist narrative is that there are only Victims and Victimizers. And, because you‘re a “victim”, any abhorrent behavior on your part (eg. crime) is someone else’s fault. You‘re forced to behave like this, because you’re a “victim”.
And, once you‘re a “victim”, you have made yourself helpless. You need someone to rescue you, because you are unable to help yourself. And, look! The left is here to rescue you, give you a scapegoat for your condition, and you just keep up the fight until things get better.
Except they won’t. Until you stop thinking of yourself as a “victim” and take responsibility for your own life, it wont‘ get any better. The more you rely on someone else, the more power you give up, and the more control they have over you. And remembe what power does. It corrupts.
In 2006, Palestinians elected Hamas to power because the Palestinian Authority was seen as more corrupt than Hamas. Yet, here we are, with three billionaire Hamas leaders who have siphoned off foreign aid and other sources of income for their lifestyle in Quatar (they’ve now been asked to leave), far from the front.
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Yahbut haven’t China and India been attempting to raise their standard of living for decades, now? I haven’t been following India, but China, or rather the CCP, seem to be more interested in holding power than economic growth. Before the Evergrande housing bubble, China boasted a high GDP — although its tofu dreg infrastructure showed that the CCP was more interested in showing off numbers than actual economic growth. Xi has politicized CoVid into anti-Western policy, namely that the CCP can prove itself superior to the West by showing that it can contain CoVid, which sounds dubious given the new more infectious (though less deadly) strain, so who knows when lockdowns will really end. And we’ve already seen with Jack Ma’s three-month disappearance and other treatment of high tech and Chinese businesses by the CCP that the CCP puts its own power over the Chinese economy. Yeah, this sounds like crazy talk, but I’ve been following China’s economy since I saw pictures of abandoned shopping malls in China in 2005, and have been following China’s real estate bubble, and then their overall economy. Leave your western assumptions home.
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Nope! China went from an agrarian economy to an industrialized one, and still needs to continue to a service one. Most first-world countries have a service economy, but China doesn’t b/c most of its corrupt CCP have ties to infrastructure industries. As a result, the money goes to industry, not the consumer. And it’s the consumer who buys goods. But, since China doesn’t have a service economy, it doesn’t have domestic consumption, so must rely on international consumption, aka. Exports.
This was fine until it wasn’t. I’d add that decades ago, I was reading business articles about how China was supposed to increase its domestic consumption, thus becoming independent of and relying less on exports.
Now, look at China. They can’t even protect their own trade routes with their so-called Navy, and have to rely on the USA. Prior to the ME conflicts, the USA has actually been scaling back its “world police” military spending, including protecting world trade routes, which have benefitted China. (We’re still protecting regional trade routes with our trading partners.)
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That hat doesn‘t make sense, either. :D
I keed. Anyway, technologies go through three stages: Enthusiast, Business, and Consumer. Most Enthusiasts — usually proponents — confuse the Enthusiast and Consumer stages. In the Enthusiast stage, the technology is expensive, and is not as good as the technology it’s meant to replace. So, with EV‘s, they’re expensive and are subsidized, but aren‘t (yet) as convenient as regular cars.Yes, I know that prices are coming down, and ranges are getting longer, but that’s what an Enthusiast would say. A Consumer still complains about the cost and lack of charging stations.
After Enthusiast comes Business. Business has the money to buy the technology in large quantities, yet demands lower costs. Business has the economy of scale that neither Enthusiasts nor Consumers have. That‘s why Amazon and the USPS have a fleet of EV’s. These business EV‘s do not need the range of a consumer car, and even have “hot swap” battery charging stations where they have batteries separately charging from the car, and can swap them when an EV has a batteries that need to be recharged. Charging stations are slow compared to swapping in an already charged battery, but battery-swapping isn‘t the convention we use to charge EV cars *today*. Maybe we’ll have it in the future, who knows.
Anyway, we‘re better with EV technology than we were ten or twenty years ago, when all we had were golf carts. I still think it‘s premature to shove the technology onto Consumers, and we should look more towards Business use for now. Gimme my Amazon package. :D
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You can blame the West for Quantitative Easing, but thank the CCP for an engineered virus, hostility towards foreign businesses, and bubble economy. The recession means customers in the west cut back on non-essential goods, like stuff Made in China. Meanwhile, China will have to import energy, raw materials, food, and soon enough, water, at worldwide inflated prices.
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Just mind-boggling how China manages to top itself with destroying its own environment — not that they‘re alone. Unfortunately, the environmental elite have chose to make climate change their agenda and blame only first-world countries, when second- and third-world countries have their own man-made ecological disasters, some of which, such as cleaning the rivers, can be assisted by first-world countries. Dictatorships, however, reward loyalty over competence, and China’s environmental pollcies, which combine CCP ineptitude with unrealistic economic targets, has led to the priority of the short-term over the long-term, leading to one disaster and embarrassment after another (including when the short-term results are actually bogus made-up numbers).
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While, IMO, China won’t “collapse”, I’ve been seeing ghost cities, or, rather, ghost shopping malls, since 2005. America has been “kicking the can” for decades, and so is China — except much moreso, including with its tofu dreg GDP. Anyone who thinks China is doing well, well, I’m sure the Russians thought they were doing well, too.
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fwiw, Authentic Chinese restaurants will have a "shou yeh" or "little dinner" menu, exclusively in Chinese. These are typical Chinese meals, such as porridge. Also, of course, where you are in the USA will make a difference. It's easier to find "authentic" Chinese food in the San Francisco Bay Area because of its Asian population. You then, of course, get to regional Chinese (and Asian) foods, such as Cantonese. The most popular "Chinese restaurant for Americans" around here has been here for years. Last time I ate their Chinese food, it was pretty much huge American-sized portions, more than authentic Chinese food, with mostly Caucasian patrons. Makes me wonder what other ethnicities think of their food when served to a Western (or even Chinese) audience. When I was in Taiwan, the meat was pan fried rather than grilled, and the French Onion Soup was a piece of baguette floating in onion soup, and the waitress sprinkled Parmesan Cheese on it. When serving food, Taiwanese say, "Dwei bu chi" rather than "excuse me" like American waiters do. Except this phrase means "I'm sorry" (as in "I'm sorry for interrupting you"), but some waitresses will say it in English. Why are you sorry for serving me your restaurant's food? (:
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Should mention that Japan has USA beat with IP-theming. Instead of multi-million dollar theme parks, they have Disney-levels of merchandising, manga-anime-CD tie ins (eg. CD audio dramas, and CDs of songs not in the anime sung by the characters), and fan-created content, from doujinshis (fanmade comics) to cosplay (fans dressing up as anime characters). Anime even has ‘pop up” cafes, where the anime du jour has a temporary cafe with character-based menu items and drinks, with limited edition merchandise you can only get with these menu items. Even that pen-pineapple-pen guy had a cafe themed after him, with, you guessed it, apple and pineapple-based desserts and drinks. Kami bless SoraNews24! (:
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Speaking of Japan, Money and Matters (?) argued that China will have a decades-long recession, much like Japan is having. While China has progressed from an agricultural economy to an industrial one, the corrupt CCP is tied to industrial companies, hence all the spending on infrasctructure, to meet GDP targets. Because China has not progressed to a service economy, all the money is spent by building companies, and we excessive building and the current RE bubble. Without a service economy, the economy has less domestic consumption (I remember reading that China was supposed to be independent of needing to export goods b/c it would have domestic consumption), which results in China‘s reliance on exporting good for their economy. But, thanks to CoVid and concerns about a recession, their customer’s demands have lowered, while China has failed to increase domestic consumption and even will not publish unemployment data, and is currently undergoing deflation.
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Covid did more damage. The Houthis are causing more problems for Egypt, China, and EU, than the USA. Egypt depends on the Suez Canal for income, and Iran is using the Houthis to pressure Egypt against USA-Israel-SA-UAE. China uses the Red Sea for EU trade and oil.
What shipping lanes did was make consumers used to cheaply priced goods as being the norm, as well as ship jobs to China. Covid already told us to stop depending on cheap Chinese prices, and stop buying junk we don’t need. Likewise, USA has become more energy independent. I find it bemusing the China boasts it has such a large navy, yet it cannot send its ships to the Red Sea to protect its own trade interests.
The USA, btw, has been reducing its naval presence on worldwide shipping lanes, which China and countries not allied with the USA used to benefit from. The USA still continues to patrol regionally, such as with Mexico.
As a taxpayer, I don’t like supporting China, but, yeah, I get it that this is good advertising for countries to buddy up to the USA. The USA, also btw, according to Peter Zephaniah, fought for foreign oil not for USA, but for EU. Likewise, someone in a YT comment said that NATO is just there to protect EU countries until the USA saves the day.
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25:20 : Shoulda skipped to that part. :) I‘m going with Russia afraid of the tanks finally coming in (and, unlike Russian tanks, these tanks work and would be used properly with infantry). The video is two weeks old, and the Wagner group faction looks to be falling out with Putin, with its lack of being supplied by their opposing faction, the Russian Ministry of Defense (or whatever it’s called) who, earlier, pulled back winning Wagner troups in Bakhmut (?) and replaced them with RMD troops, so the RMD could claim Wagner‘s victory. Even before then, YouTube videos suggested that Wagner’s head was trying to overcome, oust, or whatever Putin, which would explain why Putin would rather Wagner fall than win victories in Ukraine with them. If anyone isn‘t familiar with how internal factions can overpower a nation’s military, search on “Japan army navy WWII” for a historical example of competing military factions. I think one of William‘s or Perun’s videos went over how Putin‘s power relies on him pitting one faction against each other, which works in peace time, but has disadvantages in wartime — disadvantages, like losing the war. Keep up the good work!
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Moscow‘s been hit several times before, with symbolic attacks, and, more importantly, it looks like elite areas have been attacked this time in Moscow. While I’d say it‘s risky to attack everyday civilians on their homeland, wealthy elite are more likely to just flee to another country — if these Moscow elite haven’t done so already. At this point, I don‘t think we can assume that the residents of urban cities of Moscow and St. Petersburg will make much of a different in the RMD, either because they’re elite and flee with their money (their children are probably in overseas schools already), or the numbers recruited for RMD won‘t matter (Russia will need more cannon fodder than two urban cities will provide). Sending citizens of Moscow and St. Petersberg, Putin’s only real power base in Russia, to war doesn‘t sound like a sureproof plan, given the incompetence and lack of equpiment the RMD has. All enlistment will tell your average Moscovite or Petersburgian (whatever) is how poorly run the RMD is.
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Amazon only competes against a big chain supermarket store and Walmart. Neither is an underdog.
Online, since I‘m a geek (: Miniature Market, which has two game stores in another state, still beats Amazon for prices and selection. Likewise, my parents are Asian and shop Weeee online for Asian food, and go to Ranch 99, an Asian grocery store chain.
As a consumer, no one is forcing you to shop Amazon. But, as a small business, you do not compete against big corporations, Amazon or otherwise. We have a local grocery store chain that has a large deli and niche grocery items that Amazon can provide.
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The challenge for any new technology is that the old technology’s upfront costs, such as research and infrastructure, has long ago been paid for. Any long-term benefits of a new technology (eg. Environmentalism) are offset by short-term costs (eg. research and infrastructure).
That’s where businesses come in. These short-term costs are amortized over the product, and businesses have a greater size and scale than consumers. Frex, Amazon can buy hundreds of EV’s for their delivery fleet, of the same make, model, and support, and I presume manufacturers would rather have one large client than many individual ones. USPS mail trucks are also EV’s, and the government is a lucrative market as well. The amount of money involved in a new technology used for business use drives improvements in the technology for business demands.
Eventually, these technological improvements make the technology more affordable for consumer use. Laptops used to cost thousands of dollars, so were used only for business outside of the office. Now, laptops are only a few hundred dollars, and almost passé compared to tablets and smartphones. Scotty the Mechanic calls today’s EV policies, “Putting the policy horse before the technological cart” but hopefully business will make cars better and more fuel efficient, without the need for government subsidies.
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When you are strong, appear weak.
When you are weak, appear strong.
When you are China, attack Taiwan.
I dunno why the Dems are provoking China, especially when it‘s the Democrats who are economically pro-China (eg. lower tariffs). China‘s doing a fine job on its own, ruining its own economy, and any Western shenanagins will give them an opportunity to divert attention away form domestic problems. Americans haven’t shown much interest in fighting foriegn wars, limited to providing weapons. While I see China’s army as a paper tiger, I don‘t see what we can gain by annoying them, other than our own diversion from domestic economic problems. Which, of course, may be why Dems are provoking China.
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I also watch Maverick of Wall Street, who shares a similar view (though more ranty!), and Ciovacco Capital, who doesn‘t. Seems like the macroeconomic indicators (“the economy, stupid”) differ from the charts (“the chart in front of us”).
I‘ve only been following the CNN Fear and Greed Index for about a year, but, so far, I’m finding it to be with the charts, and use it as a contrarian indicator. It‘s useful to find local highs and low in the market, and has you trading only once every few months, so you don’t have FOMO as often.
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“ Other estimates show that Proposition 13 may not have reduced California's overall per-capita tax burden or State spending. The think tank Tax Foundation reported that in 1978, Californians had the third highest tax burden as a proportion of state income (tax-per-capita divided by income-per-capita) of 12.4% ($3,300 tax per capita, inflation adjusted).[22] By 2012, it had fallen slightly to the sixth highest rate, 10.9%, ($4,100 tax per capita, inflation adjusted).[22]
California has the highest marginal income and capital gains tax rate and is in the top ten highest corporate tax and sales tax rates nationally. In 2016, California had the 17th-highest per-capita (per-person) property tax revenue in the country at $1,559, up from 31st in 1996.[23] In 2019, WalletHub applied California's statewide effective property tax rate of 0.77% to the state median home market value of $443,400; the annual property taxes of $3,414 on the median home value was the 9th-highest in the United States.”
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3. No, don’t bite your nails. I did it for years until (TMI) the nail tore off too much skin. Biting your toenails, though, improves flexibility. :P
5. Search on “biphasic sleep”. Not only is not letting your body sleep the hours it needs bad for you, but we’re not meant to sleep in a single period of eight hours. The eight hours, in fact, was a result of the Industrial Revolution, with electricity allowing us to be active at night, and the work environment promoting a continuous period of work. That said, mornings tend to be more productive than late nights, though that doesn’t mean you have to wake up early in the morning!
6. Swearing saves you money, if the alternative is to throw the piece-of-cr*p computer out the window. (:
7. If you’re thinking of having a pet and can have one, get one. Dogs are good as companions and exercise. Cats are… hmm, lemme think of that. :D
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Search for the YT video of China’s disasterous 5G rollout. Basically, the towers had less range, so China had to build more towers, and the electrical consumption rose, suchthat China had to close the towers in the evening, so you couldn‘t even use 5G. Also, the CCP did their usual cooking of the numbers, suchthat there were more 5G subscribers than smartphones (at the time of the rollout). Also, don’t assume that when you see an Apple store in China, it‘s an Apple store. Search on “fake China Apple stores”, where even employees didn’t know they were working for a fake company.
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I grew up with KFC, but stopped going when KFC introduced its crispy chicken, although the buttermilk biscuits were infinitely better than those tolerable wheat buns. By the time I tried going back, the prices were too high, or at least the dull same menu items cost more. The sides, such as rice, were the worst. At home, we still had chicken, and you could cook it many more ways than what KFC offered. Now, I use the air fryer to cook frozen chicken from the grocery, frozen fish fillets, and big burgers with bacon, cheese, and mushrooms. I’d go back to KFC if they sold deep fried turkey during Thanksgiving by the individual piece, though! :D
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USA, Japan, and Germany are China’s top trading partners. IMO, A reason why China was (sorta) neutral in the Ukraine was was fear of less trade with the West. Chinese businesses, in fact, cut back trade with Russia because they feared secondary sanctions. While, imo, it’s a mistake to rely on another country for critical goods (eg. Oil, chips, EV metals), you should still trade with them. Keep your friends close and your enemies closer.
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Yahbut, if you look at the CEOs and the head of an international company, it isn’t an Asian. The “authoritarian” method of parenting, which is more common in Asian families than Western, gets the A’s (not to mention an incredibly stressful childhood), but it’s the “authoritative” method of parenting which put Westerners at the head of companies. Aside from English and elementary-school math, none of the learning or skills I learned in school were all that useful for “real life”, from investing and taxes, to networking, to repairing and hiring contractors for the rentals.
That said, I can say the “family business”, which is common in Asian and immigrants, is a practical way to learn a skill set that is unavailable elsewhere. For a kid, helping out the family business is anything but fun, but, once you get out in the world and work, that’s not going to be fun either, and you won’t be taking over the business.
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If conventional public transportation is late (and less expensive crime-ridden and used by the homeless as shelter), what makes you think that this shiny new transportation will be any better? Theory puts a pretty picture on new ideas, while reality fails to meet expectations, and projects go over budget.
Transportation (including walking) is part of a city culture, and that has to change before we spend billions on another boondoggle, like California is doing. In theory, they’re great. In reality, you have half-projects like BART which failed to connect to San Jose because every county has to approve, and CA is still riddled with NIMBY’s.
I don’t trust our governments to do any competent, and I really wish “work from home” was more of our company culture. As to alternatives to the car, we have driving problems because of our health, and have found activities that don’t need a car — or high speed train — in the first place.
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Homeschool your kids, and encourage them to work part-time or start their own business (eg. Walking dogs, tutoring, babysitting). Even if they took out the agenda you don’t like, they’re still not going to teach your kids personal finance, foreign current events, communication skills, car and home maintenance, self-employment, or other skills they will actually need as an adult. English oral skills are still useful, but anything that’s one-way learning (eg. Lectures, books) can be learned outside of school.
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My Dad‘s always said, “If they’re so rich, why are they charging for content”. Yeah, he‘s Asian, too. :D I‘d actually go one further, because it describe me — why put out free content at all? That is, maybe it’s more than the money why anyone charge for, let‘s face it, nominal amounts of money for the work they put out there. I‘m sure most of us who can make money make it through more efficient means, and anyone who does post anything on the internets is an anomily, so you’re making assumptions when you apply, well, assumptions (: to these people.
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Hamas has Iran’s fingerprints all over it. Peter Zeihan says the Prince of SA is ready to drop Palestine. Egypt doesn’t want Hamas inside of its borders, but has to keep up appearances. Despite the phone call between SA and Iran “supporting” Palestine, the two countries are in conflict over who controls the ME. USA did make a mistake attacking Iraq, as that let Iran, who fought Iraq in an 8-year war, become more powerful. SA was making efforts to increase diplomacy with Israel (and other ME countries), and Iran used Hamas to disrupt this. It’s also opportune for Iran’s ally, Russia, because it distracts the USA from the Ukrainian war. I see this as a major loss for Palestine and Hamas, loss for Israel, minor loss for SA, and minor victory for Iran.
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China says one thing, and does another. They‘ve been treating foreign companies poorly for years and now they want to come back? Fool me once. And China kickstarted the world recession with CoVid, now known to be releaeed from a Chinese lab. With inflation, the west is delaying their purchases of unessential manufactured goods — like the iPhone. China, meanwhile, still needs to import energy, food, raw materials, and, soon enough, water. And good luck with your wolf diplomacy, CCP.
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Interestingly, if you know a boomer gamer geek, the last gasp of the collectable card game glut (cf. Magic the Gathering) twenty or so years ago was that new games had to have an IP attached to them to stand out, as the market matured. Eventually, the market was unsustainable, and many game lines died out.
I will say that IP is not new. Marriot‘s Great America, forty years ago, did not need IP to be a popular SF Bay Area park, but adapted the Warner Brothers IP for costume characters, and movie IP for rides (eg. Top Gun).
As for Disneyland, theme (and park cleanliness) was actually more popular than IP. If you took out Fantasyland and the parades, not much of Disneyland was IP-themed (although some Disneyland content, such as Pirates of the Caribbean would later become IPs in themselves).
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Maybe Taiwan should have re-elected the anti-Chinese party. Also, Taiwanese need to realize that they‘re only chip, so to speak, are chips, and that even TSMC is building labs in the USA and other countries. Much like Russia, China will attack Taiwan as a last resort to distract China from its economy, and fail. But Taiwan will pay, unfortunately, pay a heavy price, much like Ukraine is now. I just hope China diverts its country by going after Russia. Gotta equalize those 1850’s “Unequal Treaties”, you know…
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Remember that video years ago of that guy breaking bar after bar of Chinese-made rebar? I hear Chinese construction companies also use substandard materials because they also get paid to repair their construction! Of course, we have “extended warranties” in the USA, so… :D
BTW, Thanks to CCP ties to infrastructure companies, while China has progressed from an Agrarian to an Industrialized country, corrupt CCP officials owning industry have prevented the transition from Industrialized to Service. With an Industrialized nation, businesses get the money, and spend it on infrastructure (unnecessary tofu dreg infrastructure in China). With a Service economy, consumers get the money to create a domestic economy. As a result of not having a domestic economy, China relies on exports which, as the Covid and Houthi shipping crises show, was a case of “everything is fine until it isn‘t”. Not only are foreign consumers paying higher prices for shoddy Chinese product, but China’s realizing how much they depend on the West, despite the saber-rattling. I may not like Chinese goods, but, through the war on Ukraine, I‘m recognizing how trade with China is actually control over them. Keep your friends close and your enemies closer.
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I worked for Xerox PARC, and it was pretty clear that nobody paid attention. We even had Xerox PARC management who said how Canon, who made cameras (go ask your father what one looked like) and jumped to ink jet printers, was leveraging their technology while we were not. At PARC, our Xerox computers were black and white while our departments were using Suns (ask some old guy from IT), and context-sensitive soft keys (there’s a good reason why you don’t know what they are — context is.a terrible user-interface). Oh, and Xerox PARC invented the mouse, but it had three buttons, so, unless you know what a ‘chord’ is, while Xerox PARC invented your grandfather’s technology, they didn’t make it usable — despite how much they tried.
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This is why you establish non-critical trade with your enemies. China is one of USA’s top three trade partners, and USA, Germany, and Japan, are China’s top three trade partners. That’s why China is neutral, including businesses afraid of secondary sanctions. With dictatorships, it’s money more than ideologies, and, to China, USA money talks more than Russian. Iran has strong sanctions against it, so USA doesn’t have leverage over them now. OTOH, That doesn’t mean Iran’s ability to aid Russia doesn’t mean USA sanctions are ineffective. Oh, and good luck not pissing off Israel.
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We’ve became a “certificate society” long ago, with “diploma inflation”. That is, at one time, you didn’t need a degree, you only needed a high school education. Now, companies require a degree for a job, even though some of the best-known companies, such as Microsoft and Apple, were formed by college dropouts.
The problem is that we do not have an educational culture (ie. Public schools) which encourages entrepreneurship or taking over the family business. As an investor, my best performing stocks are Apple and Microsoft. As an Asian, I am well acquainted with “the family business”. Trust me, as hard as you work for your degree, your customers, in the end, don’t care if you have one.
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Beirut explosionn (Wiki) : On 4 August 2020, a large amount of ammonium nitrate stored at the Port of Beirut in the capital city of Lebanon exploded, causing at least 218 deaths, 7,000 injuries, and US$15 billion in property damage, as well as leaving an estimated 300,000 people homeless. A cargo of 2,750 tonnes of the substance (equivalent to around 1.1 kilotons of TNT) had been stored in a warehouse without proper safety measures for the previous six years after having been confiscated by the Lebanese authorities from the abandoned ship MV Rhosus. The explosion was preceded by a fire in the same warehouse. … disaster. In its aftermath, protests erupted across Lebanon against the government for their failure to prevent the disaster, joining a larger series of protests which had been taking place across the country since 2019. On 10 August 2020, Prime Minister Hassan Diab and the Lebanese cabinet resigned.
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Trump - and Bernie Sanders — were popular against Hilary b/c Trump and Bernie were seen as outsiders, while Hilary was seen as the establishment. If the Democrats and mainstream media left Trump alone, he’d be this crazy person splitting the GOP and losing the election. But, nope, the Democrats and mainstream media need to make him into a pariah, galvanizing his voter base, even more than Hilary did.
I’d be happy not to vote Trump, but, as the Democratic Party tries to take him off ballot, I’m voting for him as a protest vote in CA, where he’ll lose, anyway, because I’m against the Democratic Party taking away my right to vote against whom I want, so to speak.
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3:50 : Remember when we had two quarters of negative growth and the government said we didn’t have a recession? Well, we had a recession, except, like the supply chains, CoVid changed the rules, though not as much as this report thinks. Non-white collar jobs did decline during the pandemic, much like they would in a recession, perhaps even more so or at least more rapidly. They’re coming back because people are no long quarantining, and there’s a lot of deferred work — and pleasure — that needs to be done. But this increase in work caused by relaxation of CoVid restrictions may be hiding the loss in non-white-collar jobs that had already started when the recession did. And, yeah, nobody wants to believe in “trickle down” economics, but the next question is if these non-white-collar jobs will still be around after the impact of these white-collar layoffs are felt. After all, if an engineer or finance guy is no longer making 100K per year, that’s up to 100K that’s no longer being spent in the economy to support those non-white-collar jobs.
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Anyone who’s familiar with USA-Europe history (which, is to say, pretty much no one :P should know that USA has had periods of isolationism, such as a certain World War that engulfed more than just Ukraine. In more recent history, USA has been criticized as the “world’s policeman” and has been cutting back on military spending — including water trade routes, which benefited EU-China trade. Of course, now that there are world crises, USA is expected to open up their military piggy bank again.
Mind you, holding the military purse strings allows the USA a lot of influence and soft power. However, I’d rather have influence via trade (though not of goods and services involving national security) which is what is keeping China neutral. Really, all the economic and saber-rattling spats the USA and EU and even China had are minor compared to the horror of the Ukraine (and Israel) wars.
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I”m sure China, USA, and EU have already collapsed — or, rather, are in a recession. Financier Ken Fisher has said for years that economies don’t know they’re in a recession until after months of hindsight. Market’s, however, also correct, which is more visible, and the market certainly did that after the CPI results were announced, and FedEx earnings. I’m waiting for retail investors to finally capitulate, and gridlock in November.
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School‘s pretty useless, beyond English. I had to learn personal finance, investing, taxes, real estate, job hunting, socilializing, and modern history (and I’m only barely aware of what‘s happening outside of the USA, China, and Ukraine / Russia) on my own, much less any social and psychological understanding in these videos. To paraphrase the Rich Dad, Poor Dad author, “Schools only teach you what the government wants you to learn”.
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