China and Russia compared

May 2nd, 2022, 07:04 AM

The Russia and Chinese Crises facing markets are of different magnitudes
(Bill Blain April 28, 2022)

Blain’s Morning Porridge April 28 2022 – The Russia and Chinese Crises facing markets are of different magnitudes

“Contradiction and struggle are universal and absolute, but the methods of resolving contradictions, that is, the forms of struggle, differ according to the differences in the nature of the contradictions.”

This morning: Ultimately the economic history books will record Russia’s invasion of Ukraine as a speedbump, and perhaps a triumph for a United Europe. The consequences of an Economic War with China could be much, much more significant!

The locus of market attention is no longer Ukraine – its China. The Middle Kingdom’s questionable lockdown strategies are raising a host of consequences and implications that are moving markets as strongly as Russia’s invasion of Ukraine did in February.

Earlier this week, markets tanked as new China lockdowns were enacted. It’s likely more restrictions will follow further stressing supply chains. Yet, it’s no longer really about Covid. It’s about the post-Covid, new geo-political economic future – and where we all fit in on that. Russia will likely prove a historical blip. In contrast, China will likely prove a much larger and longer-term headache for markets and the global economy.

Let’s compare and contrast the two crises:

The foul article you will find here: https://morningporridge.com/blog/blains-morning-porridge/the-russia-and-chinese-crises-facing-markets-are-of-different-magnitudes/

Symple

May 4th, 2022, 04:00 AM

Russia Is Returning To The Gold Standard And China Is Going To Be Next
(Quoth the Raven / 03 May 2022)

No sooner was it that I wrote an article talking about how Russia was going to back the ruble with gold than “one of the Russia’s most powerful security/intelligence officers and a close ally of Putin” has admitted the country’s intentions to do just that.

And I’m predicting that no sooner will the gravity of this decision finally sink in with the West that China will follow closely in Russia’s footsteps and do the same.

Russia backing its currency with gold represents one of the most drastic changes to the foreign currency market in decades. As of 2022, precisely zero countries still adhere to a gold standard, though many countries still hold gold in reserve.

The new global monetary system is likely going to look like Russia, China, India, Saudi Arabia and other countries with commodity-backed, sound money on one side - and the west and our allies, with our “infinite” fiat, under the tutelage of rocket surgeon Neel Kashkari, on the other.

The full article you can read here: https://quoththeraven.substack.com/p/russia-is-returning-to-the-gold-standard?s=r

Symple

China and Russia compared

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China and Russia compared