2020 Collapse

Discussion in 'Markets & Economies' started by TreasureHunter, Dec 8, 2019.

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I'm not surprised. People like to slam politicians (to push the blame for their own failures) but at the end of the day, it's the people and their culture that plays the bigger role. A few factors.

    First is cultural. East Asians have minimum contact with each other. In Singapore, 95% of married couples don't even hold hands after the first few years. Virtually no kissing in public, not even kissing own baby or at the airport departure. Just a hand wave or high five with own kids. Minimum contact even within family means lower transmission.

    Second is obesity, sunlight, diet and sanitation, the virus targets fat people and couch potatoes. It's almost impossible to get fat on a rice diet. Rice is also high in selenium which boosts immunity. Sugar lowers immunity. Places with very low sanitation standards means all sorts of cold viruses (coronavirus) are already so rampant so people's immune systems are already trained. Notice that the virus in third world places like Pakistan and refugee camps is almost a non issue after the initial scare.

    Third is healthcare standards, which I think is actually less important than the first two factors as prevention is more important than cure.

    Epidemic control is built into East Asian culture. If you watch Chinese and Korean historical series, 1 out of 5 times, they will show people dying due to an epidemic, and the king or emperor will seal the affected city, and scenes of soldiers carrying out the order and killing people who try to escape, there's even a Chinese word for sealing off an entire city to contain an epidemic. Probably a Korean or Vietnamese equivalent.
     
    Last edited: Dec 15, 2020
  2. Jason1

    Jason1 Well-Known Member

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    either lying like motherf---kers and the numbers are huge or they created the virus and had a vaccine waiting. both very possible when your talking about those communist arseholes.

    But Id say they are just covering up their numbers and they are getting rid of all those old unproductive people who are a drain on their communist checkbook by letting the virus run its course.
    we will know in a couple of years when magically their figures on population age magically gets younger lol
     
  3. TreasureHunter

    TreasureHunter Well-Known Member

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    Overall Asia's figures seem unreal. Very low. Despite the fact that Corona started out of China.

    The Philippines has the highest death toll: 8,812 (Wikipedia), but even this is very low when compared with European, Middle Eastern and Latin-American figures.

    Vietnam says they're coping very well (or just ignoring it?).
     
  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Probably 90 percent of the us numbers are fake soooooo......

    We know for a fact that 25 percent were never tested by their own admission. Many others are questionable covid deaths and faulty tests most likely.
    They record the figures they need to record.
    There are no alarm raising death numbers in 2020.
    Less deaths or consistent with every other year. Nothing to see here.
     
  5. alor

    alor Well-Known Member Silver Stacker

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  6. Millennial Engineer

    Millennial Engineer Well-Known Member

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    That study remember hearing claims the virus did that in Feb this year. They all went away after WHO declared Pandemic.
     
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  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    https://www.cnbc.com/2020/12/17/how-much-danke-shares-have-fallen-this-year-in-china.html

    Read about this new industry in china a couple years back where people setup companies to rent apartments from flippers long term, retrofit them and rent them out, sort of like WeWork but for residential real estate. It's very prevalent, maybe hundreds of thousands or even millions of units are rented out this way. But I didn't know that tenants actually take loans to pay 12 months rent!!

    So indirectly, the banks are financing the residential real estate bubble just as they had for commercial real estate! With the rent guarantee gone, flippers won't be able to pay their mortgage so it becomes a loop?

    Banks are giving out loans to tenants and the proceeds of these loans are used to pay down the mortgage they gave out to flippers!
     
    Last edited: Dec 17, 2020
  9. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    BAHAHHABAHHAHBAHHHABBBBBBHHHHHAAAAAA

    UK - Japan FTA is the biggest British Capitulation in history

    What kind of idiots sign an agreement to use Left Over Quota from the "third party aka EU" lol.

    Basically UK-Japan trade deal give UK beggars right.

    In a nutshell if the EU-Japan FTA stipulates EU can sell 100,000 tons of beef to Japan but any over will incur 20% tariff

    If EU sets to sells 100,000 tons that year, UK will pay 20% tarrif from the first ton.
    If EU sell 80,000 tons UK will get zero tariff for 20,000 tons.

    Conversely

    If the FTA stipulates Japan can sell 10,000,000 car to EU tariffs free and EU can sell 10,000,000 cars tariff free to Japan with any excess from either party attracting 14% tariff

    If EU forecasts to sell 10,000,000 car to Japan than UK get zero quota of free tariff cars that year.
    If Japan only sell EU 8,000,000 cars to EU, than Japan has the right to sell UK 2,000,000 cars tarrif free to UK.

    almost beggars belief that any country can be so desparate
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I don’t know the details but to me it doesn’t matter as long as the UK gets out of the EU. For all we know the EU might not even exist in another 5 years.

    The UK and Japan are now forging a military alliance. The trade agreement is just for show and more symbolic in my opinion.

    With the US going out, Japan will be the naval superpower of the Asia Pacific within 5-10 years replacing the US. The UK will need to forge a very close alliance with Japan which is rising very quickly as Japan builds up its military industrial complex.
     
    Last edited: Dec 17, 2020
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  11. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    The United Kingdom and Japan signed a trade agreement in October 2020. The deal is significant, because it was the first such agreement UK signed post Brexit as an ‘independent economic trading nation’ (UK has also finalized an FTA with Vietnam, which will be effective from Jan. 1, 2021 and signed one with Singapore recently). The UK–Japan Comprehensive Economic Partnership Agreement (CEPA) has gone beyond the pre-existing agreement with the European Union. The FTA will boost bilateral trade between the two countries by around $19 billion and also reshape post-Covid-19 economies of both countries, significantly concentrating on digital and data, financial services, food and drink, and creative industries.

    This deal is a significant breakthrough for UK — which aims to secure trade deals with countries that cover 80% of UK’s trade by 2022. The Boris Johnson government also believes that it will send a strong message to Brexit critics, who had argued that an independent UK wouldn’t be able to do major trade deals.

    Impact on UK
    The CEPA aims to make 99% of British exports to Japan tariff-free, increasing trade between them by around $20 billion and also aims to remove British tariffs in a staged manner, which are expected to reach zero in 2026. Using the EU-Japan deal as a bench mark, CEPA goes beyond that, and explores areas of digital trade and data transfer enabling both sides to trumpet it as a cutting-edge, new-generation EPA. It is estimated, that the CEPA will boost the UK economy by only a mere 0.07%, but as mentioned earlier it has important strategic implications such as paving the way for UK’s entry into the CPTPP.

    UK’s entry into the CPTPP

    The CEPA is significant, not only because it is pivotal to UK’s efforts of ‘build back better’/recovering post-Covid-19 but also because this trade agreement paves the way for UK’s entry into the Comprehensive Progressive Trans-Pacific Partnership (CPTPP), which covers 13% of the global economy and $147.4 billion (£110 billion) worth of trade.

    International Trade Secretary, Liz Truss while commenting on the FTA with Japan said: “The agreement also has a much wider strategic significance. It opens a clear pathway to membership of the Comprehensive Trans-Pacific Partnership – which will open new opportunities for British business and boost our economic security – and strengthens ties with a like-minded democracy, key ally and major investor in Britain.”

    https://thegeopolitics.com/uk-japan...-and-its-economic-and-strategic-implications/
     
  12. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    The first thing UK Gov highlighted about this FTA in twitter was the benefits of .... wait for it

    UK gets Zero Tariff on Soy Sauce :)


    https://www.japantimes.co.jp/news/2020/10/24/business/economy-business/uk-trade-pact-pocky-tariffs/
    The impact assessment of the bilateral pact, released Friday, suggested that Japanese exporters will benefit more from the deal than British exporters will.

    The EPA is estimated to raise British exports to Japan by 17.2%, or £2.6 billion (¥355 billion), and Japanese exports to Britain by 79.9%, or £13 billion, in about 15 years compared to the 2019 levels, the report noted.

    Finally for shits and giggles
    https://www.theneweuropean.co.uk/br...ost-brexit-trade-agreements-india-lbc-6755054

    After a lot of research, what UK have achieved with Trade Deal -> basically nothing

    Its only ten minutes
     
    Last edited: Dec 17, 2020
  13. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    If UK's tariff for soy sauce imported from Japan is zero, what's the problem with that? The EU is in serious trouble with their enormous debt member states, massive youth unemployment, welfare (pension) obligations and uncompetitive industries. Anything is smarter than sinking with that ship.

    There are two scenarios on the table.
    1) Because of Britain’s "current" exit deal from the EU, an EU-Japan Free Trade Agreement remains in force for the time being and no tariffs are currently applicable on soy sauce imports from Japan into Britain.
    2) If there's "hard Brexit" (no agreement), soy sauce will be cheaper in the UK - thanks to the new UK-Japan FTA, as the alternative would be WTO agreement.

    Did you e.g., know that currently UK exports to the Rest of the World trans-shipped via EU ports (Rotterdam, Antwerp, Bremerhaven, Valencia...) are logged in statistics as "exports" to EU27?
    Hardly something you'll learn from your EU propaganda videos... :rolleyes:
     
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  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    A lot of people don’t understand what happens when the US withdraws. It doesn’t mean that existing powers will gain an advantage. A good example is Syria, after the Americans withdrew, the Turks came into picture and displaced existing powers much more than the Americans previously occupied. And Turkey is not even a major economy nor does it has an industrial base, they are better known for figs, olives and fruits. Even a small regional power with a military past can become very formidable because they have the home ground advantage.
     
    Last edited: Dec 17, 2020
  15. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Because the UK government was wrong.... he Tariff was already ZERO.... and that was the first example of huge benefit of UK-Japan FTA benefit lol.
     
  16. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Hmm real world reason is because UK cant fill a container ship with cargo to a major destination
     
  17. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Even if that were true, that's no reason for EU to embellish and artificially inflate their stats. You'll notice the UK doing perfectly fine with their cargo shipments to major destinations going forward, while EU FinMins continue to fight like ferrets in a bag with their dwindling funds. The UK was a key economy and key military power for the EU plan to work. Now there's only beggars and thieves lining up to join the EU. Good luck with that.

    (see e.g., https://www.ft.com/content/18ff26dc-b4c1-406d-ab68-2eacf24944b7)
     
  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I can see that integration is going to be an issue in Australia. One of the reasons why we haven't broken apart when every other person is a foreigner is because of compulsory conscription and national service. As useless as it is, it does create some loyalty and national identity base for the younger generation of males.
     
    Last edited: Dec 18, 2020
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  19. alor

    alor Well-Known Member Silver Stacker

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    Indonesia BHINEKA TUNGGAL IKA
    people is one due to all their differences
     
  20. TreasureHunter

    TreasureHunter Well-Known Member

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    An interesting thought came to my mind today:
    - gold's price went down quite a bit (measured in USD)
    - but the dollar is also down on international markets

    This means that gold is a lot lower, because it became cheaper, while the dollars also became cheaper.
     

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