Canuckus Deploracus wrote:
Didn't Russia see a $75 billion profit?
According to Bloomberg...
Bizarre... For an economic basket case...
You should visit China...
Lots of great art...
I should be wealthy but my trophy wife keeps me too poor to travel overseas. Besides I am sure I would be arrested and never heard from again if I stepped foot in China. I hear that those cameras all over China never seem to work if you are a victim of crime, but they will catch you if you dare say anything the government dislikes. If you as a foreigner have any dispute with a Chinese citizen, the police and the courts will always side against you.
I know nothing about Russia's $ 75 B profit. The US will crash and burn in 2033 when our SS goes broke. Until then it is party time because we are too stupid to fix our problems. Russia and China will both be lucky to make another 5 years. China should have collapsed, but through sheer brute force XI has willed that it will not collapse, YET. The holders of China's debt will be the ones to get skinned eventually. You would have to be a moron to own Chinese bonds. It's a contest to which sector is deeper in debt, the property market or those fancy schmancy high speed trains the Chinese propagandists love to brag about.
Xi's campaign of terror is holding China together, as he fritters away the $ Trillions of financial reserves his predecessors built up. He is 70 and doesn't look all that healthy to me. When he is gone, and if the next guy is not as big a tyrant, China will finally explode.
Xi's visit to Biden was hilarious. Two BS artists slinging manure. Xi needs some accommodation with the US because China's exports to the US are declining. Xi needs that Yankee dollar. I***t Joe Biden ironically needs Xi almost as much. Biden trails Trump because of the economy, but such is the hatred of Trump, he can still win if things don't get much worse.
Biden cannot afford the collapse of the Chinese economy until after the e******n because it would d**g down the US economy. Biden likely gave Xi just enough to stave off imminent catastrophe. Just enough encouragement to stupid American corporations to invest some money in China to keep it afloat long enough for Biden's corporate donors to get their money out.
Political leaders normally take advantage of quiet personal moments to do side deals. There is an encouraging picture of Xi and Biden strolling along together in what seems to be a garden. However, like everything with these two, it is nothing but a photo op. What was missing in the photo is an interpreter. Xi can't speak English and Biden doesn't understand Mandarin. So no personal rapport that would help both sides can happen.
China is still strong enough to take Taiwan as long as Biden is President. If Xi is okay with the economic cost it is definitely doable, but that window is closing. In two or three years China will be too weak. Xi is too stubborn to commit to the reforms that would quickly turn the Chinese economy around.