But, but, but... Trump destroyed our image on the international stage! Biden was going to restore that and gain back their respect! I heard it right here on INGO.So much for allies….
Zerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
Or set the clock on their VCR, teach them how to use the TV remote (again), etc...I wouldn't read too much into it.
Haven't you ever ducked a call from an elderly parent/grandparent?
You just assume it's gonna be about what's on sale at the grocery store, the soup they ate for lunch, or worse, they got a new cellphone or computer and can't remember their wifi password but expect you to.
I'm there everyday with my parents. I don't dodge anything because they can do some crazy things sometimes that is hard to get undone. For instance giving out all their information to someone claiming to be from the IRS on a pop-up window while browsing the internet.I wouldn't read too much into it.
Haven't you ever ducked a call from an elderly parent/grandparent?
You just assume it's gonna be about what's on sale at the grocery store, the soup they ate for lunch, or worse, they got a new cellphone or computer and can't remember their wifi password but expect you to.
Sorry, please put your straw man away. I’ve never supported that worthless pile of ****. In fact I don’t believe we’d be in this cluster **** if that **** sucking mother ****ing piece of **** ****stick wasn’t in office. So put your victim status away, put your straw man back in the garden.
You're a saint.
Yesterday it was " hundreds of millions" in losses. Today before markets in the USA open,it has been elevated....just a bit. Over 8 BILLION in losses on their nickle trade alone. Derivatives fun until you lose your wager.Oh I certainly agree. What most do not understand is that financial services(including derivatives and various money schemes) account for 22% of our GDP. The derivatives market is estimated at over $1 quadrillion in US dollars. How? Leverage. See a derivative in oil with an original wager of say $1000 can be leveraged up to 100 times that amount(depending on the odds makers,but 3-7x is fairly normal these days). Now if the original $1000 investor loses he gets a margin call. If he can not pay the $3000(went with the lowest leverage commonly used) he is in default. With derivatives there is no such thing as insurance(or oversight for that matter it is the wild west,but you do sign contracts so some legal framework exists,just no one to really watch over the whole fiasco that is substantially larger than all the economies of the world combined).
Think of a derivative like this. It is a bet something will move one way or the other,and by how much in some cases. That is all it really is. A bet. Those "bets" equal billions of dollars every single day,with some losing and some winning. The problem has always been what happens when one side loses,badly. That is what is happening currently.
If it were a card game in Vegas the dealer just wiped the whole table,then stole the chips and ran out of the casino,where a pick pocket stole a few of his chips. Even the dealer was robbed because it turns out chips are not money and no one is letting him cash in his chips(they went into default) and the pick pocket, well he has a few chips to use(while trying to not get caught). Everyone else involved though gets nothing and all lost their original wager. Now do that x $1 quadrillion. You likely see the problem of where we are.
China's 4th largest bank that just imploded and defaulted. That was because of the nickle derivatives it held and leveraged.One type of derivative was all it took,that was all it took. It lost and lost big. It can not meet the margin call and will never have enough in assets to(unless the government of China prints the money and just gives it to them,like our Fed did with our banks during the MBS fiasco commonly called the housing bubble).
And the trigger for all of this? Sanctions. It really is that simple.
Ok now for the rofl part I just read.(just released this evening,more than 24 hours after the bank defaulted).
"
(Bloomberg) -- A unit of China Construction Bank Corp. was given additional time by the London Metal Exchange to pay hundreds of millions of dollars of margin calls it missed Monday amid an unprecedented spike in nickel prices, according to people familiar with the matter.
The reprieve from the LME means that the unit, called CCBI Global Markets, is not formally in default(**me...um yea it does it also meant someone at the LME is expecting the government of China to bail out the bank so they can get paid "hundreds of millions"**), the people said, asking not to be identified as the matter isn’t public.
The non-payment isn’t necessarily an indicator of any problems at the parent company, which is one of China’s largest banks."<-----
China Construction Bank Gets Reprieve on Metal Margin Calls
China Construction Bank Unit Gets Reprieve on Metal Margin Callswww.bloombergquint.com
How Big Is the Derivatives Market?
Learn how different calculations can reduce the estimate of the total derivatives market by as much as 90% to 95%.www.investopedia.com
GDP share by industry U.S. 2023 | Statista
In 2023, the finance, insurance, real estate, rental, and leasing industry contributed the highest amount of value to the GDP of the U.S.www.statista.com
markets.businessinsider.com
The rift between Mr. Biden and Saudi Arabia’s crown prince stretches back to the 2020 presidential election, when the Democratic candidate vowed to treat the kingdom as a “pariah” state after a Saudi hit team killed Mr. Khashoggi in 2018 in Istanbul. -WSJ (slight hint here the crown prince claims no knowledge of the hit team,and says he did not order it).So much for allies….
Zerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
They being the World Economic Forum and
You forgot option 4, all of the above.Yesterday it was " hundreds of millions" in losses. Today before markets in the USA open,it has been elevated....just a bit. Over 8 BILLION in losses on their nickle trade alone. Derivatives fun until you lose your wager.
A Chinese nickel titan is staring down an $8 billion trading loss as a short squeeze sends the metal soaring, new report says
Tsingshan Holding Group has assured creditor banks in China that its financial standing is sound, The Wall Street Journal reported.
China's bank and the LME...(and now you understand why the LME wants paid. They are owed that 8 BILLION on a wager that only cost them a few million.
Now who do you think the government of China is blaming? Russia's invasion or the US sanctions that caused the cascade failure in the commodities markets?
I see only three possible causes our government is doing this.
1.They are so dumb they do not understand reality,but felt the need to virtue signal the world.
2.They are intelligent and did it because they are pure evil,and wanted to destroy not just our economy but most of the worlds.For some purpose of course(likely very bad for everyone IE to kill the US dollar).
3.They wanted a world war and most of the world against us.
