Multipolarity is the only way going forward. The unipolar model is totally unsustainable, politically, economically and financially, whether you perceive it to be US or China or anyone else. China knows this, US quite simply is unwilling and incapable of accepting this reality.
January 11, 2023
The last stage of empire collapse is when the empire resides in an alternative reality to the rest of the planet.
January 11, 2023
Wonder when someone is going to tell renewable energy devotees they are going to deplete critical resources in an unsustainable way, still need hydrocarbons, cause environmental damage in process and impact our very existence with untold consequences due to resource depletion.
January 11, 2023
Americans appear to think bringing back their manufacturing base is like shelling peas.
How exactly are people going to afford massive hike in prices? By paying higher wages?
Who is going to finance trillions needed for massive infrastructure rebuild? Printed money?
Etc etc
How exactly are people going to afford massive hike in prices? By paying higher wages?
Who is going to finance trillions needed for massive infrastructure rebuild? Printed money?
Etc etc
January 11, 2023
Whilst not alt media clickbait nonsense, this is significant news for those who like to be informed.
Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market
https://www.cnbc.com/2023/01/10/wells-fargo-once-the-no-1-player-in-mortgages-is-stepping-back-from-the-housing-market.html
Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market
https://www.cnbc.com/2023/01/10/wells-fargo-once-the-no-1-player-in-mortgages-is-stepping-back-from-the-housing-market.html
CNBC
Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market
It's the latest, and perhaps most significant, strategic shift that CEO Charlie Scharf has undertaken since joining Wells Fargo in late 2019.
January 13, 2023
Switch to Gerasimov as commander of Russian forces might imply this anticipated Russian offensive is coming in relatively short order.
When we speculate we say so and this is one of those occasions.
When we speculate we say so and this is one of those occasions.
January 13, 2023
January 13, 2023
Russian warships and submarines departed from the Novorossiysk base in the Black Sea.
Perhaps another pointer to an imminent change/extension of operations. We shall see.
Perhaps another pointer to an imminent change/extension of operations. We shall see.
January 13, 2023
History will show that one of the biggest failures of the West was its refusal to acknowledge what China and Russia were in the 2010s and 2020s and instead still believe they are stuck in a timewarp in the 1980s.
January 13, 2023
European claims about having sufficient gas in storage facilities masks fact that there has been sharp fall in production in highly energy intensive sectors such as chemical industries in Germany.
This raises further question as to when will production return to normal levels?
This raises further question as to when will production return to normal levels?
January 13, 2023
Endless speculation about US CPI figure and why Biden is going to be speaking about it. However of those, who is facing up to the reality that CPI is a ridiculous way to measure inflation and therefore meaningless.
Reality is crushing illusionary financialisation of economies.
Reality is crushing illusionary financialisation of economies.
January 13, 2023
Reality as told by Ukraine:
Ukraine's ambassador to the UK Vadym Prystaiko:
Kiev is not advertising how many of those lost are military or civilians but the numbers are huge, indigestible.
Ukraine's ambassador to the UK Vadym Prystaiko:
Kiev is not advertising how many of those lost are military or civilians but the numbers are huge, indigestible.
January 13, 2023
January 13, 2023
Western denial changes nothing:
By at least one measure, China now leads world in producing high-quality science. My research shows that Chinese scholars now publish larger fraction of top 1% most cited scientific papers globally than any other country.
https://asiatimes.com/2023/01/chinas-scientific-supremacy-shifting-balance-of-power/
By at least one measure, China now leads world in producing high-quality science. My research shows that Chinese scholars now publish larger fraction of top 1% most cited scientific papers globally than any other country.
https://asiatimes.com/2023/01/chinas-scientific-supremacy-shifting-balance-of-power/
Asia Times
China’s scientific supremacy shifting balance of power
By at least one measure, China now leads the world in producing high-quality science. My research shows that Chinese scholars now publish a larger fraction of the top 1% most cited scientific paper…
January 13, 2023
2023 is increasingly likely to be the year when markets will sort the wheat from the chaff, in terms of traders and investors.
If so it will be extremely challenging at best for those who have no pre-2008 experience.
If so it will be extremely challenging at best for those who have no pre-2008 experience.
January 13, 2023
More reality for Western Chinese experts:
China's trade surplus rose to a record $878bn equivalent, last year.
The shift away from US and EU continues in terms of trade.
China's trade surplus rose to a record $878bn equivalent, last year.
The shift away from US and EU continues in terms of trade.
January 13, 2023
So the US is now claiming Soledar and Bakhmut are not strategically important.
So why have the Ukrainians spent months defending both places with very large losses?
So why have the Ukrainians spent months defending both places with very large losses?
January 13, 2023
Reality strikes again:
Trade between Russia and China grew by 29.3% in 2022 to a new record high of $190bn equivalent
Trade between Russia and China grew by 29.3% in 2022 to a new record high of $190bn equivalent
January 13, 2023
Claims that Russia has sent senior commanders to Belarus.
Increasingly looking like Russia may open up a second front in the North and West via Belarus presumably to seek to cut off supply lines to the South and East of Ukraine.
Increasingly looking like Russia may open up a second front in the North and West via Belarus presumably to seek to cut off supply lines to the South and East of Ukraine.
January 13, 2023
Something westerners have largely failed to grasp:
US dictated terms at Bretton Woods in 1944 because they, by their design, became WW2 creditor nation.
Fast forward 78 years and US is now the bankrupt nation with China its biggest creditor.
US dictated terms at Bretton Woods in 1944 because they, by their design, became WW2 creditor nation.
Fast forward 78 years and US is now the bankrupt nation with China its biggest creditor.
January 13, 2023