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34
China stuns world with stainless steel tech once thought impossible
Meantime Scunthorpe stuns the world by staying open with Chinese owners🤔 -
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China stuns world with stainless steel tech once thought impossible
You mean nobody can display his hatered of Trump because a minority of less than 30% of Americans like him? -
190
Poll -- Who will cave first in the momentous China-USA trade war?
If the Senate won't make an impeachment stick then it's senseless. -
19
If there was a snap US election tomorrow who would you vote for Trump or a Penguin?
Every consumer will paying more for goods that America doesn’t make and imports. The dopey Americans voted for higher taxes. Most of them haven’t realized yet, it will take about a year and they will all start complaining about higher prices. Trump has already performed a double backflip, first postponing for 90 days and now exempting some electrical goods. And of course investors are all poorer, Dow down about 5% since he took over. Musk is also poorer. -
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Trump Is Already Slowing Global Trade as Companies Pause Orders
You mistake my meaning. Discard the OH&S and environmental protections, you become just like China. That's who I meant by the enemy. America has enjoyed what is termed exorbitant privilege since 1946. It has the world's reserve currency. Treasury bills traditionally have paid far less in interest than their overseas counterparts, resulting in lower borrowing costs. When a country pays America for a $100 bill, it does so in goods and services. The US Treasury prints one for a few cents. So what happens when traders lose faith in the USD as a safe haven? Check out the gold price and the cost of a Swiss franc. Most Americans don't seem to realize Trump is leading them into financial catastrophe. There is nothing to stop other nations trading with China in its currency, which is slowly being internationalized to prevent capital flight. If the Chinese take the brakes off, the yuan or renminbi could easily replace the USD. It's only because the Chinese are long-term thinkers it has not happened already. Empires don't usually fall from external forces. Incompetence, arrogance and corruption from within are the usual culprits. At present, I am 15% in blue-chip shares paying a dividend, 5% in a rare earth mining stock. The rest is cash. That's my strategy. -
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If there was a snap US election tomorrow who would you vote for Trump or a Penguin?
They're counting on people not understanding the Byzantine system of tariffs. And if you don't have your country's Harmonized Trade System PDF on your computer, you probably don't understand that imposing tariffs by country code like that is very normal. I update mine about once a year, though it is updated almost daily in real time. (2024 was 4,392 pages) I'd make a remark about "low information voters", but...
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