RSSBLS does not mean Bureau of Labor Statistics, but B*llSh*t.
Those numbers have been massaged, Seasonally adjusted and whatever for political reason and for a long time.
The Federal Reserve plays the same game. They reward politics who do their bindings by lowering rates like they did before the election. And they keep them high since Trump have been elected.
The narratif is always on their side:
The Biden-flation was transitory.
Tariffs might be inflationary in the future.
What a joke!
The concept the CCP does not understand is malinvestment.
Malinvestment is a term used in Austrian business cycle theory to describe badly allocated investments caused by artificially low interest rates.
China is build on a mountain of debt. The CCP took the saving of the people and used it to build an industrial complex needed to build a housing bubble. Then when everything collapse, the CCP told them that it was their fault (“House is for living” – Xi) and that their savings are lost. This show the superiority of the Chinese democracy.
They still have a problem, unemployment. So now they lend the savings of the people to foreign countries (“China’s full year trade surplus is projected to exceed $1.3 trillion”) so they can postpone the closing of their manufactures. The win-win strategy, we give you the money to buy our products.
And once again, the superiority of the Chinese democracy will show when African countries will default on their debt.
“Latent Chinese consumer demand is massive.”
You do not consume when you do not trust the government. Who knows? It can decide to lockdown the whole country and you will lose everything.
“Beijing now holds a foreign currency reserve of $3.3 trillion”
“At the same time, Beijing has reduced its US Treasury holding to less than $750 billion”
Me too, I have put 2/3 of my savings in Indian rupee. LOL.
But we should not be to harsh with the Chinese democracy and the CCP. Lately, they took a great leap forward and decided to allow the people to have as much children as they want. We probably need to wait a century before this kind of policy will be apply to the USA.
You could actually insert America and the US Government in each instance. Remember the Savings and Loan Crisis? Or the Subprime Mortgage Crisis. Or the Enron Financial Fraud Crisis? I could go on, but you probably get the picture.And here's the thing. If you build too many houses, at least someone can potentially live in one. An empty house has an intrinsic economic value. Compare America's 'malinvestment' in Israel or the Ukraine. Once those bombs are exploded, got to build more. And once those poor bastards are dead... well, not much will bring them back.Actually, if the Communist Party suffers at home, it won't be because of the economics of infrastructure, where they are doing pretty well. Instead, it will be over the fast and loose actions of kids like Yang Lanlan. If her dad is found out to be an official in the Party, especially if he is an important Politburo member, then I wouldn't want to be Xi.Replies: @xcd
China is build on a mountain of debt. The CCP took the saving of the people and used it to build an industrial complex needed to build a housing bubble.
Austrian neoliberal economics is disastrous; the anemic economies of the West are proving it. Nevertheless the neoliberals have a point: extremely low interest rates can encourage inadvisable borrowing.
The concept the CCP does not understand is malinvestment.
Malinvestment is a term used in Austrian business cycle theory to describe badly allocated investments caused by artificially low interest rates.
But it's internal debt, which means China is not vulnerable to pressure from greedy foreign lenders. It also means that China can take its time to solve the internal debt internally.
China is build [sic] on a mountain of debt.
All bubbles pop eventually; the people who "invested" in the housing bubble were gambling. I shed no tears for speculators.
The CCP took the saving of the people and used it to build an industrial complex needed to build a housing bubble. Then when everything collapse, the CCP told them that it was their fault (“House is for living” – Xi) and that their savings are lost.
It does indeed. Home ownership rate is 96.0 percent in China and only 65.7 percent in USA (link).
This show the superiority of the Chinese democracy.
Americans consume excessively despite not trusting government. Most Americans spend so recklessly that they don't have enough savings for a $400 emergency. And Congress's approval ratings are regularly down in the teens. So consumption is unrelated to trust in government; the Chinese simply like to save a lot.
“Latent Chinese consumer demand is massive.”
You do not consume when you do not trust the government. Who knows? It can decide to lockdown the whole country and you will lose everything.
Austrian neoliberal economics is disastrous; the anemic economies of the West are proving it. Nevertheless the neoliberals have a point: extremely low interest rates can encourage inadvisable borrowing.
The concept the CCP does not understand is malinvestment.
Malinvestment is a term used in Austrian business cycle theory to describe badly allocated investments caused by artificially low interest rates.
But it's internal debt, which means China is not vulnerable to pressure from greedy foreign lenders. It also means that China can take its time to solve the internal debt internally.
China is build [sic] on a mountain of debt.
All bubbles pop eventually; the people who "invested" in the housing bubble were gambling. I shed no tears for speculators.
The CCP took the saving of the people and used it to build an industrial complex needed to build a housing bubble. Then when everything collapse, the CCP told them that it was their fault (“House is for living” – Xi) and that their savings are lost.
It does indeed. Home ownership rate is 96.0 percent in China and only 65.7 percent in USA (link).
This show the superiority of the Chinese democracy.
Americans consume excessively despite not trusting government. Most Americans spend so recklessly that they don't have enough savings for a $400 emergency. And Congress's approval ratings are regularly down in the teens. So consumption is unrelated to trust in government; the Chinese simply like to save a lot.
“Latent Chinese consumer demand is massive.”
You do not consume when you do not trust the government. Who knows? It can decide to lockdown the whole country and you will lose everything.
“Austrian neoliberal economics is disastrous; the anemic economies of the West are proving it.”
You really look like you know what you are talking about.
https://mises.org/mises-wire/why-austrians-are-not-neoliberals
https://mises.org/mises-wire/mises-against-neoliberals
And i will not even try to explain to you that the west has central planning since the creation of central banks.
As much as you know about capital structure
“the largest auto manufacturers in the G7 have enormous debts”
It is government incentives which decide if a company finance its capital through stocks or debt.
Is there any reason why you chose auto manufacturers?
https://www.zerohedge.com/markets/race-bottom-byd-price-slashing-prompt-chinese-ev-consolidation
Or the difference between “approval ratings” and “trust” in the rule of law, personal freedom and private property right.
But of course, living in a dictatorship, we can forgive you for thinking that there is no difference between the gov and the system.
Even powerful Chinese billionaires send their children and their money abroad. How is Lanlan doing?
By the way, why every time one shows the reality of the Chinese dream, the answer is:”Look at the USA!”?
Cannot deny, cannot argue, so divert?
The economist discussed in the article, Philip Mirowski, certainly believes the Austrian school is neoliberal. Some differences exist between the two, but some differences exist between almost any two people.
Austrian neoliberal economics is disastrous; the anemic economies of the West are proving it.”
You really look like you know what you are talking about.
https://mises.org/mises-wire/why-austrians-are-not-neoliberals
You are stuck in the past. This might have been true in 1980. But it is not true anymore.
Even powerful Chinese billionaires send their children and their money abroad. How is Lanlan doing?By the way, why every time one shows the reality of the Chinese dream, the answer is:”Look at the USA!”?
subverting rising political movements such as right-wing populism.
From Argentina, through USA and to the whole Europe, it is already done.
Why 2% of the population is at the center of everything from power, to media, to finance?
Are we a planet occupied by lizards?
” so many Jews just can’t get with a program that is based on genocide and ethnic cleansing – the very thing they learned as children to abhor”
Yes, of course. Nothing to do with the fact that they feel that the tables are turning, that the “antisemitic” slur does not work anymore.
I am not sure that this hit piece against JHS is of any value.
Mileï is not an anacap.
JHS is an old man who want to see his dream before he dies.
It is human to have dreams and it is human to see what we want to see.
JHS will probably be the most contrite (apologetic) when he will realize how Mileï destroyed the reputation of anacap and austro-lib.
“I would argue that a people’s capacity to get rid of an incompetent or corrupted leader is much more precious than the illusion of having elected him in the first place.”
” It produced Xi Jinping. I wish my democratically elected president would be this kind of leader.”
Try to get rid of Mao or Xi and you will discover the beauty of a totalitarian and authoritarian one-party-system.
What would “crush left wing terrorism” involve, exactly?
Kill everybody with a Palestinian flag.
The World Doesn’t Hate Jews, the World Hates Israel
Saying that, is like saying:
The World Doesn’t Hate Nazis, the World Hates Germany
Massie losing in the 2026 primaries means he has an open calendar to run for the Republican presidential nomination in 2028.
He has burnt too many bridges to run nationally as a Republican. On the other hand…
Massie’s anti-MAGA record is a excellent fit to seek the Democrat party presidential nomination. The likes of Hakeem Jefferies, Ilhan Omar, and Rashida Tlaib are natural allies for his campaign.
PEACE 😇
If not, perhaps you should apply for the job, and at least get paid for what you are otherwise doing for free.
Israel Paying US Social Media Influencers $7,000 Per Post As Right-Wing Support Craters
https://www.zerohedge.com/geopolitical/israel-paying-us-social-media-influencers-7000-post-right-wing-support-craters
Far better from their point of view to subvert bribe/blackmail people like Massey and Owens (if they can). It seems that they could with Fuentes but couldn't with Kirk.
Will Thomas Massey also receive the Charlie Kirk treatment then?
Serious?
The day “they” just bought the last non-compliant social network (TikTok).
Even Elon had to apologize for Grok telling the truth.
They have in common to have stolen the land of another people and then genocide them.
They have the same ethos of the “chosen people”, the “manifest destiny”
They cannot point Palestine on a map and they do not care about “sand niggers”.
And one last thing, they are ignorant. Ignorance is strength.
I am an anacap, austrian-libertarian, whatever…
I usually rant about the socialist biais of writers on UNZ.
But today, i can say that i fully agree with this article.
Trump had his chance to negotiate when he took the world by surprise with his tarifs.
But then he was stab in the back by “The Bank”.
From that point, he should have reassess his strategy. He has not and now he is losing everything.
That is not the way it goes.
People get afraid, troubles appear and everybody will ask for a”strong man” to do something.
If you are lucky, you’ll get Poutin. If you are not you’ll get communism or fascism.
“Putin or fascism. I’ll take either with sincere gratitude.”
Since you posted so many comments, i thought you may want to keep the first amendement.
How the hell can we have a Jewish Mayors!?
Euh… Sorry.
I meant: How the hell can we have a Muslim Mayors!?
How many bomb Muslim countries have dropped on USA?
Do Americans have any idea why they hate Muslims?
Do they know anything about Islam?
I mean, who told them?
The same who teach them WWII History?
It is true that Americans are anti-semite since Arabs are semites and Jews are Ukrainians.
Any way we will prevail because Allah is with us. We hit WTC 1 and 2 and Allah destroyed WTC 7.
“The argument I found must compelling in White Identity Politics is that nonwhites have no incentive to drop their identity politics, thus it is unlikely that they will do so, and thus whites must develop their own identity politics to survive. ”
It is not a political fight. It is a cultural fight.
That is why you are losing because you culture has been hijacked by Hollywood.
“the first step was the fratricidal war in Europe from 1914 to 1945”
The first step was when the Sanhedrin nailed Jesus to the cross.
But some say the first step was the ten plagues of Egypt.
Brexit has nothing to do with it.
UK is still part of the European Court of Human Rights.
It is ECHR that force feed UK and EU with illegals.
Do not try to free yourself from Big Brother because Freedom is Slavery.
Instead keep fighting Eastasia, our enemy.
What is the weather in Tel Aviv? Moshe?
What is Democratic socialism?
Is it when 51% of the voters agree to take the money of the rest of the population using armed forces?
Muslims rape girls and Zionists have influence.
But then, who is doing the ethnic cleansing and genocide?
The good news is that, after the genocide, there will be no more rape.
Zionists like Epstein do not rape girls.
What they like is total domination of defenseless people
like young children
https://www.ynetnews.com/article/s1mscw0del
or prisoners
https://news.sky.com/story/video-appears-to-show-idf-soldiers-sexually-abusing-palestinian-detainee-13193857
You might want to learn a little bit of History before talking about it.
But I guess racism is enough to make up your mind.
“In 614, Jerusalem fell to an invading Sassanid army. The Persians (Who were NOT Muslims at that time) looted the city, and are said to have massacred its 90,000 Christian inhabitants”
“The Jews, who were persecuted in their Christian-controlled homeland, initially aided the Persian conquerors”
“The Muslim troops besieged the city some time in November 636. Instead of relentless assaults on the city, they decided to press on with the siege until the Byzantines ran short of supplies and a bloodless surrender could be negotiated
“In 1094 (460 years later!), Pope Urban II used spiced-up and exaggerated tales (with a bit of accuracy) of the sufferings of their fellow Christians in the Holy Land”
“Saladin’s triumph was, however, far less violent than that of the medieval knights of the First Crusade (1095-1099 CE), and for this, he has been endlessly romanticized by Muslims and Christians alike.”
https://www.worldhistory.org/article/1553/saladins-conquest-of-jerusalem-1187-ce/
Of course, if the author is not jewish, he can only lie…
Like Wikipedia…
https://en.wikipedia.org/wiki/First_Muslim_conquest_of_Jerusalem
Key takeaways:
Upon Umar's arrival in Jerusalem, a pact was composed, known as the Umar's Assurance or the Umariyya Covenant. It surrendered the city and gave guarantees of civil and religious liberty to Christians and Jews in exchange for the payment of jizya tax. It was signed by Caliph Umar on behalf of the Muslims, and witnessed by Khalid, Amr, Abd al-Rahman ibn Awf, and Mu'awiya. Depending on the sources, in either 637 or in 638, Jerusalem was officially surrendered to the caliph.[24]
For the Jewish community this marked the end of nearly 500 years of Roman rule and oppression. Umar permitted the Jews to once again reside within the city of Jerusalem itself.[25][26]
It has been recorded in the Muslim chronicles, that at the time of the Zuhr prayers, Sophronius invited Umar to pray in the rebuilt Church of the Holy Sepulchre. Umar declined, fearing that accepting the invitation might endanger the church's status as a place of Christian worship, and that Muslims might break the treaty and turn the church into a mosque.[27][28] After staying for ten days in Jerusalem, the caliph returned to Medina.[29]
https://en.wikipedia.org/wiki/First_Muslim_conquest_of_Jerusalem#Events