While authorities have accused the private financial group of misleading the public with promises of high-yield wealth management products, there is no public indication that the dollar’s rise is a significant factor undermining emerging markets in which China has participated. . Chinese government warns provinces and private companies NO borrow dollars. Although the Chinese government is portrayed as COMMUNIST yet there would be no banking crisis in the West if they were. People and institutions were FREE to do whatever they pleased.
Many transactions borrowed in dollars made the same fatal mistake that I have witnessed since the 1980s. They sell these foreign currency loans with the expectation of saving on interest. But FX can be between 20% and 40% over a two year period and there is NEVER any consideration in foreign currency. In addition to this currency crisis, people who think it’s easy to be a money manager have discovered that they’re actually inexperienced. That’s why in the West you’ll find the standard disclaimer: Past performance is no guarantee of future success.
Japan is once again the largest holder of US debt. it NO because they began to buy more; this is because China is gradually selling debt because the dollar is high and the risk of war with the United States is growing every day. Biden has already destroyed the global economy. It is now impossible to repair it even if you vote 100% for all Republicans. The destruction of SWIFT divided the world and put an end to globalism. China is gradually liquidating US debt, and rightly so. Save or 2023 ahead. People writing scripts for Biden ONLY concerned about climate change and have ZERO experience in geopolitics.
Henry Kissinger was a critic of Biden’s military actions against Russia and China, or rather, a real president who writes scripts. EACH President since Nixon invited Henry to the White House BESIDES Biden. Henry is the best geopolitical analyst I know. I myself received a call from my local congressman and asked to fly to the meeting. I refused. But I asked why am I being called? I was told that there was a serious lack of experience in Washington. I was stunned, to say the least. I have no desire to intervene in what has become a hateful confrontation in Washington, reminiscent of a school fight over food in the cafeteria.
If you don’t have eyes in the back of your head, you’d better learn how to use your rearview mirror. The purpose of this blog is to help you understand what we are all connected. An old saying about chaos theory was that the flapping of a butterfly’s wings in Thailand could change the weather cycle in Europe. The slightest change can lead to a completely different result. That is why I often come out as a critic with a different view of governments. Those at the helm are often LINEAR thinkers who see only one cause and effect creating the future.
People like Klaus Schwab think they are smart enough to change and shape the future. His whole premise of the Fourth Industrial Revolution is that he can direct and control it when creativity cannot be controlled or put on some kind of schedule. A good trader learns from his mistakes. If he has never been wrong, he will fall into a real crisis, because he will believe that he is always right, and then he will lose everything.
Life is a learning process. We only move forward as we learn, and the mother of all invention is our mistakes. Learn from them if you want to survive and stop blaming other people. This is the #1 problem for gold bugs. They don’t try to understand, they just blame the bankers for why gold didn’t hit $10,000. They cannot move forward because they look at the market objectively. This is the critical factor we are exploring in this journey we call life.