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A thread for general geopolitics topics.
Let's start with: China, Russia, North Korea vs. USA, Europe, South Korea, Taiwan, possibly India
France leader Macron has sounded the alarm bells about a huge coming decline in Europe economies. Why? Because cheap Russian natural gas that once flowed to Europe, enabling industrial competitiveness, has now been diverted to China, and guess what, China is now underpricing Europe significantly. The initial result: mass layoffs, unemployment in of all places GERMANY.
In concert with Macron's warnings, Biden announces new Russian sanctions that are really targeting China. The U.S. is coming to realize that China and Russia are in partnership, along with North Korea, and of course, China sharply criticized the new sanctions.
It's all part of a chess war going on. Actually, more like Risk. USA holds key cards, namely the international banking system. The Russian stock market declined 15% in one day, and 2 major Russian banks were preventing their customers from withdrawing money. The ruble also declined quite a bit.
These are still the opening salvos. Europe stands to be hit very very hard, mass layoffs are in the cards for this year and next. Thus Macron's alarm bells.
Medvedev of Russia is urging a worldwide economic war against the West. This is only going to get more and more complicated and messy.
Let's start with: China, Russia, North Korea vs. USA, Europe, South Korea, Taiwan, possibly India
France leader Macron has sounded the alarm bells about a huge coming decline in Europe economies. Why? Because cheap Russian natural gas that once flowed to Europe, enabling industrial competitiveness, has now been diverted to China, and guess what, China is now underpricing Europe significantly. The initial result: mass layoffs, unemployment in of all places GERMANY.
In concert with Macron's warnings, Biden announces new Russian sanctions that are really targeting China. The U.S. is coming to realize that China and Russia are in partnership, along with North Korea, and of course, China sharply criticized the new sanctions.
It's all part of a chess war going on. Actually, more like Risk. USA holds key cards, namely the international banking system. The Russian stock market declined 15% in one day, and 2 major Russian banks were preventing their customers from withdrawing money. The ruble also declined quite a bit.
These are still the opening salvos. Europe stands to be hit very very hard, mass layoffs are in the cards for this year and next. Thus Macron's alarm bells.
Medvedev of Russia is urging a worldwide economic war against the West. This is only going to get more and more complicated and messy.
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