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Iran, China and Russia sign trilateral strategic pact
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This pact covers both commercial and military interests. They have also been in negotiations with North Korea on similar terms. This reduces the power of sanctions and means if you attack one member you are attacking them all. Is this the new axis of evil or a welcome stalemate to secure us all? |
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"From what I understand about this, it doesn't cover military guarantees like NATO's, article 5"
I understand and read the same as well. It's not a military assistance pact where one will come to the aid of others. They might do drills and exercises together, but that's all it appears to be at this stage as least. |
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I’ll have to follow this to see how it evolves. Some of the media coverage is comparing it to NATO agreements. There’s also a lot of commentary on how this could evolve Iran’s nuclear energy and weapons capability. |
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"This pact covers both commercial and military interests. They have also been in negotiations with North Korea on similar terms. This reduces the power of sanctions and means if you attack one member you are attacking them all. Is this the new axis of evil or a welcome stalemate to secure us all?"
It's what happens when the orange devil alienates the other kids in the playground, they take their ball and play elsewhere 🤷♂️ |
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By (user no longer on site) 14 weeks ago
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"The US is heading for a massive recession and the best thing is for the rest of the planet to let them go fuck themselves.
If that means sleeping with China then so be it"
Yes, only 4% growth last year, they must look at Britain with such envy. |
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"The US is heading for a massive recession and the best thing is for the rest of the planet to let them go fuck themselves.
If that means sleeping with China then so be it
Yes, only 4% growth last year, they must look at Britain with such envy."
I have been hearing this "US is going into a recession" headlines ever since COVID. It's always one or another European country that seems to go into recession. |
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"The US is heading for a massive recession and the best thing is for the rest of the planet to let them go fuck themselves.
If that means sleeping with China then so be it
Yes, only 4% growth last year, they must look at Britain with such envy.
I have been hearing this "US is going into a recession" headlines ever since COVID. It's always one or another European country that seems to go into recession."
The US economy has been overdue a complete collapse since before Reagan was in power. All of the indicators for the ending of empires are there. |
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By *winga2Man 14 weeks ago
Stranraer |
"The US is heading for a massive recession and the best thing is for the rest of the planet to let them go fuck themselves.
If that means sleeping with China then so be it
Yes, only 4% growth last year, they must look at Britain with such envy."
When debt grows faster that "growth" what that called again ? |
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By (user no longer on site) 14 weeks ago
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"The US is heading for a massive recession and the best thing is for the rest of the planet to let them go fuck themselves.
If that means sleeping with China then so be it
Yes, only 4% growth last year, they must look at Britain with such envy.
I have been hearing this "US is going into a recession" headlines ever since COVID. It's always one or another European country that seems to go into recession.
The US economy has been overdue a complete collapse since before Reagan was in power. All of the indicators for the ending of empires are there. "
I'd say since Calvin Coolidge at least. |
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"The US is heading for a massive recession and the best thing is for the rest of the planet to let them go fuck themselves.
If that means sleeping with China then so be it
Yes, only 4% growth last year, they must look at Britain with such envy.
I have been hearing this "US is going into a recession" headlines ever since COVID. It's always one or another European country that seems to go into recession.
The US economy has been overdue a complete collapse since before Reagan was in power. All of the indicators for the ending of empires are there. "
If they recovered so quickly from the 2008 recession, they can handle any sort of crash. European economies on the other hand... |
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By *otMe66Man 14 weeks ago
Terra Firma |
"The US is heading for a massive recession and the best thing is for the rest of the planet to let them go fuck themselves.
If that means sleeping with China then so be it
Yes, only 4% growth last year, they must look at Britain with such envy.
I have been hearing this "US is going into a recession" headlines ever since COVID. It's always one or another European country that seems to go into recession.
The US economy has been overdue a complete collapse since before Reagan was in power. All of the indicators for the ending of empires are there. "
Your view seems not to be based on economics, more personal opinion. |
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By *otMe66Man 14 weeks ago
Terra Firma |
"The price of gold is booming while banks and nations dump dollar bonds to buy it. Not opinion but an economic fact. "
I'm struggling to link the high gold prices today with your view the the US has been due an economic collapse since Reagan?
|
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"The US is heading for a massive recession and the best thing is for the rest of the planet to let them go fuck themselves.
If that means sleeping with China then so be it
Yes, only 4% growth last year, they must look at Britain with such envy.
When debt grows faster that "growth" what that called again ?"
It's called debt overhang , nothing wrong with that Japan has had it for decades, it's structural & often by design. For all kinds of reasons you can't always grow at the rate you are borrowing, when you invest in things like schools or universities infrastructure transport rewards can come decades later |
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"The price of gold is booming while banks and nations dump dollar bonds to buy it. Not opinion but an economic fact.
I'm struggling to link the high gold prices today with your view the the US has been due an economic collapse since Reagan?
"
It’s not complicated. Reaganomics were tax cuts and reduced government intervention. Policies that have led to increased national debt, inflation and a more volatile economic environment. All of these have eventually pushed investors toward gold as a safe haven. The dollar was over inflating before he pushed the problem down the road and made it worse. He improved the short term at the expense of the longer term. |
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"The US is heading for a massive recession and the best thing is for the rest of the planet to let them go fuck themselves.
If that means sleeping with China then so be it
Yes, only 4% growth last year, they must look at Britain with such envy.
When debt grows faster that "growth" what that called again ?
It's called debt overhang , nothing wrong with that Japan has had it for decades, it's structural & often by design. For all kinds of reasons you can't always grow at the rate you are borrowing, when you invest in things like schools or universities infrastructure transport rewards can come decades later"
That would be fine if investment in infrastructure was the cause. We don’t have that today, we have austerity. Assets and infrastructure are being sold off to a few billionaires and their private equity fronts, and our biggest government investments are with private weapons manufacturers. |
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By *otMe66Man 14 weeks ago
Terra Firma |
"The price of gold is booming while banks and nations dump dollar bonds to buy it. Not opinion but an economic fact.
I'm struggling to link the high gold prices today with your view the the US has been due an economic collapse since Reagan?
It’s not complicated. Reaganomics were tax cuts and reduced government intervention. Policies that have led to increased national debt, inflation and a more volatile economic environment. All of these have eventually pushed investors toward gold as a safe haven. The dollar was over inflating before he pushed the problem down the road and made it worse. He improved the short term at the expense of the longer term."
I understand now, you are not a fan of neoliberalism and you are looking at the current spike in gold market through that lens.
People like Gary Stevenson and others who are endlessly promoting that narrative have a lot to answer for. |
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By (user no longer on site) 14 weeks ago
|
"The price of gold is booming while banks and nations dump dollar bonds to buy it. Not opinion but an economic fact.
I'm struggling to link the high gold prices today with your view the the US has been due an economic collapse since Reagan?
It’s not complicated. Reaganomics were tax cuts and reduced government intervention. Policies that have led to increased national debt, inflation and a more volatile economic environment. All of these have eventually pushed investors toward gold as a safe haven. The dollar was over inflating before he pushed the problem down the road and made it worse. He improved the short term at the expense of the longer term.
I understand now, you are not a fan of neoliberalism and you are looking at the current spike in gold market through that lens.
People like Gary Stevenson and others who are endlessly promoting that narrative have a lot to answer for."
Stevenson is just a scammer ! |
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"The price of gold is booming while banks and nations dump dollar bonds to buy it. Not opinion but an economic fact.
I'm struggling to link the high gold prices today with your view the the US has been due an economic collapse since Reagan?
It’s not complicated. Reaganomics were tax cuts and reduced government intervention. Policies that have led to increased national debt, inflation and a more volatile economic environment. All of these have eventually pushed investors toward gold as a safe haven. The dollar was over inflating before he pushed the problem down the road and made it worse. He improved the short term at the expense of the longer term.
I understand now, you are not a fan of neoliberalism and you are looking at the current spike in gold market through that lens.
People like Gary Stevenson and others who are endlessly promoting that narrative have a lot to answer for."
I’m a fan of mechanics. How systems work. Central banks are divesting in US bonds to buy gold because taxation can no longer be relied upon to contain inflation. What part of this do you not understand? |
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By *otMe66Man 14 weeks ago
Terra Firma |
"The price of gold is booming while banks and nations dump dollar bonds to buy it. Not opinion but an economic fact.
I'm struggling to link the high gold prices today with your view the the US has been due an economic collapse since Reagan?
It’s not complicated. Reaganomics were tax cuts and reduced government intervention. Policies that have led to increased national debt, inflation and a more volatile economic environment. All of these have eventually pushed investors toward gold as a safe haven. The dollar was over inflating before he pushed the problem down the road and made it worse. He improved the short term at the expense of the longer term.
I understand now, you are not a fan of neoliberalism and you are looking at the current spike in gold market through that lens.
People like Gary Stevenson and others who are endlessly promoting that narrative have a lot to answer for.
I’m a fan of mechanics. How systems work. Central banks are divesting in US bonds to buy gold because taxation can no longer be relied upon to contain inflation. What part of this do you not understand?"
I think you need to ask yourself that question. |
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"The price of gold is booming while banks and nations dump dollar bonds to buy it. Not opinion but an economic fact.
I'm struggling to link the high gold prices today with your view the the US has been due an economic collapse since Reagan?
It’s not complicated. Reaganomics were tax cuts and reduced government intervention. Policies that have led to increased national debt, inflation and a more volatile economic environment. All of these have eventually pushed investors toward gold as a safe haven. The dollar was over inflating before he pushed the problem down the road and made it worse. He improved the short term at the expense of the longer term.
I understand now, you are not a fan of neoliberalism and you are looking at the current spike in gold market through that lens.
People like Gary Stevenson and others who are endlessly promoting that narrative have a lot to answer for.
I’m a fan of mechanics. How systems work. Central banks are divesting in US bonds to buy gold because taxation can no longer be relied upon to contain inflation. What part of this do you not understand?
I think you need to ask yourself that question. "
Make a case. What do you think I don’t understand? |
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By *otMe66Man 14 weeks ago
Terra Firma |
"The price of gold is booming while banks and nations dump dollar bonds to buy it. Not opinion but an economic fact.
I'm struggling to link the high gold prices today with your view the the US has been due an economic collapse since Reagan?
It’s not complicated. Reaganomics were tax cuts and reduced government intervention. Policies that have led to increased national debt, inflation and a more volatile economic environment. All of these have eventually pushed investors toward gold as a safe haven. The dollar was over inflating before he pushed the problem down the road and made it worse. He improved the short term at the expense of the longer term.
I understand now, you are not a fan of neoliberalism and you are looking at the current spike in gold market through that lens.
People like Gary Stevenson and others who are endlessly promoting that narrative have a lot to answer for.
I’m a fan of mechanics. How systems work. Central banks are divesting in US bonds to buy gold because taxation can no longer be relied upon to contain inflation. What part of this do you not understand?
I think you need to ask yourself that question.
Make a case. What do you think I don’t understand?"
You are misinterpreting the motives being used by banks to buy gold. Tell me why they are in your words "dumping dollar bonds" to buy it. |
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"The price of gold is booming while banks and nations dump dollar bonds to buy it. Not opinion but an economic fact.
I'm struggling to link the high gold prices today with your view the the US has been due an economic collapse since Reagan?
It’s not complicated. Reaganomics were tax cuts and reduced government intervention. Policies that have led to increased national debt, inflation and a more volatile economic environment. All of these have eventually pushed investors toward gold as a safe haven. The dollar was over inflating before he pushed the problem down the road and made it worse. He improved the short term at the expense of the longer term.
I understand now, you are not a fan of neoliberalism and you are looking at the current spike in gold market through that lens.
People like Gary Stevenson and others who are endlessly promoting that narrative have a lot to answer for.
I’m a fan of mechanics. How systems work. Central banks are divesting in US bonds to buy gold because taxation can no longer be relied upon to contain inflation. What part of this do you not understand?
I think you need to ask yourself that question.
Make a case. What do you think I don’t understand?
You are misinterpreting the motives being used by banks to buy gold. Tell me why they are in your words "dumping dollar bonds" to buy it."
They are literally selling Dollar bonds and buying gold because bonds are no longer considered reliable securities. They have lost trust in them. It’s being widely covered in the financial media. Take a look yourself. You don’t have to take my word for it. |
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By *otMe66Man 14 weeks ago
Terra Firma |
"The price of gold is booming while banks and nations dump dollar bonds to buy it. Not opinion but an economic fact.
I'm struggling to link the high gold prices today with your view the the US has been due an economic collapse since Reagan?
It’s not complicated. Reaganomics were tax cuts and reduced government intervention. Policies that have led to increased national debt, inflation and a more volatile economic environment. All of these have eventually pushed investors toward gold as a safe haven. The dollar was over inflating before he pushed the problem down the road and made it worse. He improved the short term at the expense of the longer term.
I understand now, you are not a fan of neoliberalism and you are looking at the current spike in gold market through that lens.
People like Gary Stevenson and others who are endlessly promoting that narrative have a lot to answer for.
I’m a fan of mechanics. How systems work. Central banks are divesting in US bonds to buy gold because taxation can no longer be relied upon to contain inflation. What part of this do you not understand?
I think you need to ask yourself that question.
Make a case. What do you think I don’t understand?
You are misinterpreting the motives being used by banks to buy gold. Tell me why they are in your words "dumping dollar bonds" to buy it.
They are literally selling Dollar bonds and buying gold because bonds are no longer considered reliable securities. They have lost trust in them. It’s being widely covered in the financial media. Take a look yourself. You don’t have to take my word for it."
There isn't a loss of trust in dollar bond, there is some hedging though which could be reported as dumping by some media.
It is common practice to hedge and gold is that thing, this is simply portfolio managers getting ahead of the curve. |
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"The price of gold is booming while banks and nations dump dollar bonds to buy it. Not opinion but an economic fact.
I'm struggling to link the high gold prices today with your view the the US has been due an economic collapse since Reagan?
It’s not complicated. Reaganomics were tax cuts and reduced government intervention. Policies that have led to increased national debt, inflation and a more volatile economic environment. All of these have eventually pushed investors toward gold as a safe haven. The dollar was over inflating before he pushed the problem down the road and made it worse. He improved the short term at the expense of the longer term.
I understand now, you are not a fan of neoliberalism and you are looking at the current spike in gold market through that lens.
People like Gary Stevenson and others who are endlessly promoting that narrative have a lot to answer for.
I’m a fan of mechanics. How systems work. Central banks are divesting in US bonds to buy gold because taxation can no longer be relied upon to contain inflation. What part of this do you not understand?
I think you need to ask yourself that question.
Make a case. What do you think I don’t understand?
You are misinterpreting the motives being used by banks to buy gold. Tell me why they are in your words "dumping dollar bonds" to buy it.
They are literally selling Dollar bonds and buying gold because bonds are no longer considered reliable securities. They have lost trust in them. It’s being widely covered in the financial media. Take a look yourself. You don’t have to take my word for it.
There isn't a loss of trust in dollar bond, there is some hedging though which could be reported as dumping by some media.
It is common practice to hedge and gold is that thing, this is simply portfolio managers getting ahead of the curve."
Something unusual has been happening. The tariffs introduced by the US should typically raise dollar values as Americans are forced to buy domestic products. This time has been different, they haven’t just stayed the same, they have dropped in value against other currencies. This is not insignificant. |
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