Member Info for nomlungu

Looks like something from an old sci-fi film

https://newatlas.com/military/us-air-force-valkyrie-combat-drone-flies-autonomously-first-time/

The Chinese Slide Into Deflation (The Final Straw?) || Peter Zeihan

https://www.youtube.com/watch?v=A9-wfHgjTB8

Demographics, demographics, demographics... "most consumption happens when people are in their 20s and 30s as they buy cars houses etc". With an ageing population, the demand drops. Add in deglobalisation and China is in deep, deep trouble.

Recommended watching; remember, 'when bad folks have problems, they do bad thing'.

GOV made to look like a bunch of fools yet again by the CONservatives

https://www.bbc.co.uk/news/uk-england-dorset-66476538

Be interesting to see which minister has to go on the news rounds this weekend to bat for the GOV

And, another Bloomberg article: "Next China: A Deflation Gift"

https://archive.ph/bKAEG

A gift for Sunak [I expect the same is true about UK prices: "The price of Chinese goods at US docks has dropped every month in 2023.". Much easier to tame inflation is you are importing deflation.

But, it is not all rosy... "Biden Fears China Is ‘Ticking Time Bomb' Posing Danger to World"

https://archive.ph/YORzC

In comments that included several major inaccuracies about the world’s second-largest economy, Biden said at a political fundraiser Thursday that China was in “trouble” because its growth has slowed and it had the “highest unemployment rate going.” He also blasted Xi’s signature Belt and Road Initiative as the “debt and noose,” because of the high levels of lending to developing economies associated with the global investment program.

“China was growing at 8% a year to maintain growth, now close to 2% a year,” he told donors in Park City, Utah, misstating China’s rate of expansion. “It’s in a position where the number of people who are of retirement age is larger than the number of people of working age,” he added, a statement that was not only incorrect but also off by hundreds of millions of people.

“So they got some problems,” he added. “That’s not good because when bad folks have problems, they do bad things.”"

Country Garden’s Losses Fan Worst Fears on China Property Market; Concern is mounting the prominent developer will default; Firm says it will likely report loss of up to $7.6 billion [6 months!]

https://archive.ph/4ZtKQ

Their bonds maturing in the next few years are trading at less than 10p in the £

Might be wrong... but the whole film is on YouTube

Https://www.youtube.com/watch?v=Nmv5vK96KXY

out of copyright

This made me think of a serial abuser of these boards:

'As the editors wrote, the five who are suing are experiencing the consequences of their actions that they know are so reprehensible that they choose to wear masks when they appear in public.'

https://www.rawstory.com/patriot-front-lawsuit/

💩

Gaslighting? No gas to sell into a short term spike... but you know that.

Bloomberg has an article on the topic today: "Deflation in China: Why Prices Are Falling and What Beijing Can Do"

https://archive.ph/dTzfx

Sunak and Doris must be reading this and wishing they could get away with riding roughshod over the laws and rules our so-called democracy is based on:

'Hong Kong’s judges should have followed the wishes of the city’s leader and banned a controversial protest song from the internet, the government said, raising fresh questions about judicial independence in the financial hub. The courts should generally defer to the executive’s decision because they lack the “sensitive intelligence” and “institutional capacity and expertise” to make an evaluation, government lawyers argued.'

https://www.bloomberg.com/news/newsletters/2023-08-10/a-political-murder-rocks-latin-america

Correct... add some garlic, ginger and cumin for a few more benefits. I have also been adding smoked harissa; this is really good stuff:

https://belazu.com/shop-all/smoked-chilli-harissa/

Broccoli and lentil soup... good stuff.

Someone will buy the website address... enough traffic to work as an internet retailer selling carp on eBay and Amazon and directing repeat traffic to their won website.

Another battery moving from idea to production with potentially low grid storage costs. Will need lots of Antimony - few producers in the West:

https://spectrum.ieee.org/liquid-metal-battery

They have Microsoft onboard, so must be doing something right.

'China’s Economy Faces Yet Another Threat: Falling Prices'

https://www.nytimes.com/2023/08/09/business/china-economy-inflation.html

A nasty form of a death spiral... falling prices reduce wealth, make people more reluctant to spend and harder to service already high debt levels. All 3 feed each other as the population ages.

That will be the fake fire season and global freezing hoax

https://www.youtube.com/watch?v=UdrVXT9VlE4

'Looks like Bagdad'

Will there be enough oil to baste the Turkey?

Olive oil at all-time high

https://www.bloomberg.com/opinion/articles/2023-08-09/olive-oil-prices-surge-putting-europe-on-a-slippery-slope?srnd=premium-europe