Comments by "Bigg Picture" (@biggpicture2930) on "Bloomberg Television" channel.

US wwll have to counter it very hard- bomb the world? It will sink the USD with 3 trillions dollars debt. Nobody will buy US T bills any more.
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@gregs4422 Don't delude yourself. USD has unsustainable balance of payment deficit. It must cut down its military bases, and force all allies to help fill in its coffer. This may perhaps slow it down, but inevitably, it is doomed. China is only the catalyst of its demise= de dollarization process. My info is from the ECONOMIC GURU, Michael Hudson who taught the scheme to the Whitehouse and CIA in 1972
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NEHRU the Top Hindu conqueror.. Akhund Bharat begins in 1947 1947 Annexation of Kashmir - Nehru 1948 Annexation of Hyderabad - Nehru 1948 Annexation of Junagadh - Nehru 1949 Annexation of Manipur - Nehru 1949 Annexation of Tripura - Nehru 1951 Annexation of South Tibet - Nehru 1951 Nagaland plebiscite - 99.9% of the Nagas wanted independence from India - Nehru 1961 Annexation of Goa - Nehru 1962 Annexation of Kalapani, Nepal - Nehru 1962 Aggression against China - Nehru 1971 Annexation of Turtuk, Pakistan 1972 Annexation of Tin Bigha, Bangladesh 1975 Annexation of Sikkim (the whole country) 1983 (Aborted) Attempted invasion of Mauritius 1990 (Failed) Attempted annexation of Bhutan 2006 Annexation of Duars, Bhutan 2013 Annexation of Moreh, Myanmar
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@alphanation368 Once the other nations stop buying the T bills. There will simply be a free fall in USD. Too bad, if Japan and China still hold substantial amount of them. What can they do to prop up the values, to protect their debt holding. I can see nothing to hold them up. Can there be a slow devaluation all the way? I just cannot see it.
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@AL GUNG It got the advices of Michael Hudson, Economic GURU who taught the CIA and Whitehouse in 1972 on how to dominate the world with the USD. "agreed totally..the CPC leadership had the foresight of what's coming, for She had suffered under those bloody hands of the Colonial powers...."
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the "genius" that Made USD supreme from the 1972 Economist Michael Hudson is the person to start to learn how China economy really works-esp debt creation. This American is so well known that China sought him( & others) for advices in all thing economic. But you may not be smart enough to understand How US Ponzi like scheme actually works!
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A lot of respect for Michael Hudson. He has been in the game for perhaps longer than any other western economist and his command of the history and machinations of global economics is second to none. Michael Hudson is brilliant. His explanation of the 20th centuries world economy is spot on. Thanks Michael Hudson is a brillant historian as well as a talented economist. Lovely to listen to some who really knows his subject and isn't afraid to speak the truth. It has been a pleasure to watch Michael Hudson's talks. Economists are very often worthless hacks in analyzing the history of economics and also the current economic situation. Michael does both extremely well. (He's the third Michael that has influenced my thinking quite a lot 😂 with Michael Parenti and Michael Brooks) Looking forward to more interaction with Prof Michael Hudson. Incredible insights to financial system and world order ... a topic not often discussed and shared.
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.What financial weapons is the US likely to use, and does China's de-dollarisation protect it from such attacks? Michael Hudson
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Russia USD foreign reserve Confiscated! Trust in USD in doubt! Now China was also warned about being Sanctioned . Now is 3 trillion USD debt under threat? Blowback? China will no longer supply products to USA. World will think Twice about selling to USA- they will cease trade with USA. China's economy will take a hit. USA's economy will collapsed- Domestic Trade sink to almost zero. Shortages of commodities or merchandise. Massive riots in USA. Disintegration- end of unions. Opinion: USA cannot afford to sanction China by confiscating its 3 Trillion dollars Mainly conjectures so you can have your own fantasies. It is also possible that NATO may declare war on Russia.
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How US finance itself? Just imagine you go around the neighborhood, ordering people to lend money(issue T bills) to you, and to pass along the IOU(T bills) in exchange for other neighbor's goods, if needed- US never intending to give back. How can you ever do that forever? This is unsustainable for anybody, unless you are the Mafia boss. To keep this status, you must make sure all are stunted in growth in some way-no other coming up boss! China was overlooked, so now other nations have a choice of not going along with the US debt financing Scheme. China threatens the grip of US on other nations to keep on recycling their reserves(money) with its scheme. USD(Dollars)'s inflated value is in Big trouble. Desperation-Any manner to ensure that China is stopped.
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USD(Dollars)'s inflated value is in Big trouble. Desperation-Any manner to ensure that China is stopped.
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Why was china overlooked?. Many globalists were making a killing(loads of money) for themselves- Iraq, Afghanistan etc. They still are, and still have money in China , but then their "employee", the US administration suddenly realized how dangerous china is.
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My opinions are solely based on my understanding gained from talks by Economist Michael Hudson. So for details or original sources, please seek him out.
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@War Tank I believe they have produced over 500,000 missiles in record time to prepare for collective WEst. For a war, west needs some time to replenish depleted war stock. This will take two years?. By then China will have 1,000,000 missiles. Taiwan is demanding delivery of Javelin missiles and others paid for years ago. They don't want proposed anti sub helicopters that are totally useless for Taiwan's defense, as china will be crowding the Taiwan seas with the many ships they have. To avoid being confrontational or objectionable, they said they are unaffordable. Taiwan is playing along with the bullshit, which Xi did not do. "Xi is main cause of China’s fall. The West will soon put China back to where it started. And it’s going to be best for everyone in the long run"
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Too many missiles? Not really as many countries wants to buy. But China won't, sell, maybe the lower grade hypersonic ones.
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In a war, Taiwan got no time hunting for submarines. Besides the helicopters will be taken down so quickly, as they will be flying close to Taiwan or China. Maybe sell them to Ukraine or EU. Bait and Switch tactic works better with EU countries
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@Sabitra Panigrahi WORLD FINANCE FATAL FLAW? In simple term, it is like you are a "benevolent?" lord. You get get money from others and issued them IOU-T bills or dollars. These IOU are paid back by issuing more IOU, and are also used as "money" among nations- in effect, not return at all. Any other countries that defaulted likewise, will needs to sell the national assets etc. However, the USD is exceptional. Countries with reserves are "encouraged" to finance the deficit. It is actually a trade deficit problem. Supporting pillars are swift, petrol dollars, economic dominants, technological dominants, military, allies, IMF etc. Check out Michael Hudson and others- I got it from him and others
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Nobody beat King Nehru
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sugar daddy abani ask if modi likes to sit on his laps
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Posted by Indian economist. ... @chintakgurjar8426 C.P. CHANDRASEKHAR: ..C.P. ...this is a government which not merely manipulates its statistics, but more importantly, uses every number possible to try and create this impression with a lot of investment in propaganda. And therefore, this is something which has been bought by the media, as you say, not merely in India, but across the world... okay, we’re not talking about a 7% rate of growth, let’s say that, okay, let’s sort of favor the state as it were, and say that, okay, let’s say, maybe it’s 5%, maybe it’s 4.5%. '..economy growth..top 3, 4, 5%, maybe 3%. Yeah.. Employment is low, unemployment is rising.
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 @arreydharma5784 Yes it is shrinking by 3.5% but doubling its trade surplus with India, which worried the indians so much.
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