Subj : Re: Recession to Depression
To   : Kaelon
From : Andeddu
Date : Tue Jul 12 2022 21:22:48

  Re: Re: Recession to Depression
  By: Kaelon to Andeddu on Sun Jul 10 2022 08:45 am

 > The arrogance is astounding, especially when humbler and well-informed
 > economists were pointing out really basic facts that most second-year
 > undergraduate college students would understand: Russia is isolated and
 > silo'ed from the entire global economic system, and despite the collaspe of
 > the Soviet Union and the following almost-gleeful pillaging of Russia as a
 > country by the West, the Russian Elites skillfully manipulated foreign
 > markets to borrow money ceaselessly on extremely favorable terms, but never
 > integrated institutional safeguards, controls, or many of the other systems
 > that ensure Russia would become integrated.  The end result: Russia is its
 > own entity, and very little that the globe does to force Russia economically
 > will have much bearing, considering just how isolated Russia is.

I agree. The Russian Elites have been maneuvered themselves into a strong
position and have shielded their public from the extreme hardship that will
face The West's population. Their Elites are playing 4D chess while our Elites
are playing Blackjack. We are getting destroyed every single day and the media
can do nothing but lie and cheerlead us into what appears will become WWIII.

 > China, on the other hand, is a very different story.  China gambled big on
 > essentially joining the U.S.-led economic world order -- a fact reinforced
 > by the countless times that China has invested in, and bailed out, the
 > United States as the titular leader of this order -- while concurrently
 > preserving its authoritarian political systems.  It has really worked to
 > China's benefit, considering that by and large, China's greatest asset - its
 > population - is also it's largest liability.  China would have to contend
 > with five distinctively hostile societies that are eager to tear each other
 > to shreds and resolve centuries of disputes that would fracture the country,
 > if it ever adopted anything resembling a consensus-driven liberal political
 > system.

The Chinese are in a far better position than any Western nation as they hold
the master-production for all our goods. Now that they are seriously reducing
their exports to the West, we will soon experince shortages and price hikes.
All Xi Jinping has to do now is unite his population by creating a new
middle-class, much like the USA did during the 50s-60s, in order to secure
their position as the premier world superpower. They will soon have no use for
the USA's soon-to-be worthless currency which has been effectively printed into
oblivion.

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