America a Failed State and a Rogue State to the rest of the World

noirua · 6 May 2020

Gold Reserves in Australia averaged 78.80 Tonnes from 2000 until 2019, reaching an all time high of 79.85 Tonnes in the first quarter of 2009 and a record low of 68.70 Tonnes in the third quarter of 2018.
https://tradingeconomics.com/australia/gold-reserves

noirua · 6 May 2020

Gold Reserves in China averaged 1006.78 Tonnes from 2000 until 2019, reaching an all time high of 1948.31 Tonnes in the fourth quarter of 2019 and a record low of 395.01 Tonnes in the second quarter of 2000.
https://tradingeconomics.com/china/gold-reserves

noirua · 6 May 2020

noirua · 6 May 2020

World List of Gold Reserves:
https://tradingeconomics.com/country-list/gold-reserves

qldfrog · 6 May 2020

I

noirua said:
World List of Gold Reserves:
https://tradingeconomics.com/country-list/gold-reserves

Interesting @noirua , does th US figure include the gold own overseas but stored in the US like when the german gold that Germany tried unsuccessfully from memory to bring home.likewise the domestic gold.
But it indeed keep things in perspective.
The US remains the key wealth and global superpower but it is indeed in the situation France and the UK were at the early 1900's.a waning superpower.
investment wise, i still look at NYSE indicators and do not even bother looking at the Chinese or HK ones to trade.
it says it all as does the hysteria around Trump we do not see replicated against the Chinese leader.just my opinion..

qldfrog · 6 May 2020

aus_trader said:
qldfrog, perhaps this is a wake up call to our nation we can't just export bulk commodities and expect to be globally competitive. Perhaps this is time to be innovative like in the past when we invented the Hills hoist, Victa lawn mower, Black Box Flight recorder and the Bionic Ear.

I do hope too.
Let's Australia public and attitude surprise me but i can not forget the response from both the public and all political parties to Turnbull entrepreneurial vision.
crossing fingers...

wayneL · 6 May 2020

Here is a link detailing the ranking of countries by economic complexity.

https://www.visualcapitalist.com/countries-ranked-by-their-economic-complexity/

We are languishing down in 93rd place.

kahuna1 · 6 May 2020

445 billion in Gold ....
30 trillion debt by end of 2020 /...

30,000 billion in debt verses 445 billion gold is .... still 29,550 billion NET in debt.

29.45 trillion NET debt ... bravo !! Broke and stupid USA.

rederob · 6 May 2020

kahuna1 said:
445 billion in Gold ....
30 trillion debt by end of 2020 /...

30,000 billion in debt verses 445 billion gold is .... still 29,550 billion NET in debt.

29.45 trillion NET debt ... bravo !! Broke and stupid USA.

I got that covered Kahuna.
We go back to the gold standard and trade gold at about $50000 per ounce.
Works for me!

kahuna1 · 6 May 2020

My favorites from overnight ....

Market rallied of course .
Virus has mutated again and articles in Lancet have the grim news.

USA reported deaths magically Doubled from Sunday where VP Pence who must vet them ... was in Church chanting about the Rapture. yes he is one of them ... knocking at your door soon. Cough cough ...

Encouraging economic news ....

UK car sales fell 97%

Yes 97%

April's figure marked a 97% plunge in sales from the same month last year.
https://www.bbc.com/news/business-52508010

Lets rally USA markets. A bet is .... Las Vegas ... basically a petrie dish called a Casino .. will visitor numbers fall 75% or 95% ? Now that its opening again. Lets rally those stocks some more !!

Trump went on a Twitter rage over an ad his chief liars husband made against him. Oh at 12.46 am till about 4 am ...

Back with some other absurdities soon. Australia and our besties NZ are in a very good place. NZ has beaten us again in the race to Zero !! Download the FCKING app .... grow up if your worried about being tracked because Google has your location down to less than 1 meter ... at all times, most apps on your phone need the GPS turned on !! Most that dont ... ask for it anyhow. We all know how Google cares and doesn't pay tax in Australia and books sales via Singapore ... whoops did someone lead the charge and make them pay 472 million in fines last year in Australia to the tax office ? USA companies do NOT need to pay tax to peasant nations. Microsoft is my next task .... FB as well ...

At least with NZ winning so far ... we BOTH, as nations, will live this one down.

Virus mutating is well .... normal but the USA version of it came for Europe and its best feature is that it spreads far more easily. Far out !!

Bill M · 6 May 2020

How does the richest nation in the world end up doing things like this? I am so glad I don't live there.

---
Dozens of bodies discovered in U-Haul trucks outside Brooklyn funeral home

Police find stacks of bodies in unrefrigerated trucks; ‘You don’t respect the dead that way,’ says neighbor.

Police found dozens of bodies being stored in unrefrigerated trucks outside a Brooklyn funeral home and lying on the facility’s floor Wednesday, law enforcement sources told The Post.

Between 40 to 60 bodies were discovered either stacked up in U-Haul box trucks outside Andrew Cleckley Funeral Services in Flatlands or on the building’s floor, after neighbors reported a foul odor around the property, sources said.

https://www.marketwatch.com/story/d...funeral-home-2020-04-29?mod=mw_more_headlines
---

kahuna1 · 6 May 2020

USA Stupidity 5th May 2020

Firstly I make no apology for being upset and ashamed at the USA response and its repercussions to its people of all races and creeds.

Trump had a town hall media blitz Sunday with Fox news. Usual non factual rubbish emerged. He did compare his treatment via the press to Abraham Lincoln as to how unfair he was being treated. Lincoln was shot in the back of the head with the bullet lodging behind his eye prior to 3 hours of excruciating pain before he died.

Continued .... in

PDF below ... about 4 min read with charts and stuff if your interested.

kahuna1 · 6 May 2020

Double Sundays fiction.
https://www.worldometers.info/coronavirus/country/us/

Something pretty !!

Sdajii · 6 May 2020

kahuna1 said:
445 billion in Gold ....
30 trillion debt by end of 2020 /...

30,000 billion in debt verses 445 billion gold is .... still 29,550 billion NET in debt.

29.45 trillion NET debt ... bravo !! Broke and stupid USA.

If push comes to shove, keep in mind that the debt is in American dollars, which the USA can print at a cost of zero, and pay off their debt in full. It's a trick they could only pull off once, but they could do it. Obviously they're not likely to just do it all at once, and it seems they can indefinitely kick that can down the road with that trick up their sleeve, so effectively, who is broke and who is stupid?

wayneL · 6 May 2020

Sdajii said:
If push comes to shove, keep in mind that the debt is in American dollars, which the USA can print at a cost of zero, and pay off their debt in full. It's a trick they could only pull off once, but they could do it. Obviously they're not likely to just do it all at once, and it seems they can indefinitely kick that can down the road with that trick up their sleeve, so effectively, who is broke and who is stupid?

BOOM.

While I may be alarmed at the actions and completely disagree with them they are not stupid.

Anyone who thinks they are stupid is a feckin imbecile. They are acting in their own interests, not ours.

This should not be surprising, protect thyself accordingly.

Humid · 6 May 2020

Sdajii said:
If push comes to shove, keep in mind that the debt is in American dollars, which the USA can print at a cost of zero, and pay off their debt in full. It's a trick they could only pull off once, but they could do it. Obviously they're not likely to just do it all at once, and it seems they can indefinitely kick that can down the road with that trick up their sleeve, so effectively, who is broke and who is stupid?

Venezuela

wayneL · 6 May 2020

Humid said:
Venezuela

You're seriously comparing Venezuela to the USA?

Humid · 6 May 2020

No you are

kahuna1 · 6 May 2020

Sdajii said:
USA can print at a cost of zero, and pay off their debt in full.

Sigh ... if you dont understand economics or currencies ... maybe dont comment. USA is not printing money, if it did so, its currency would implode. It is yes expanding the money supply, by issuing bonds and then buying them back, but, to create money out of thin air would cause a currency collapse, not a crash a collapse.

Eventually one day ... the bonds its bought will either be sold and the trade reversed, or they will mature .... or they will default and that's more likely ,.... given the leaders.

MMT or modern monetary theory is ... well ... a game of shells which works, till it really really doesn't. Usually no one buys their bonds .... or is willing to lend at any interest rate followed by a currency collapse.

Argentina ... most South American nations .... German collapse post 1920 and currency went from 4/1 USD to 10 billion to 1 USD.

kahuna1 · 6 May 2020

I note USA declares its thinking about .... disbanding the Covid19 task force ...

https://www.reuters.com/article/us-...wn-as-focus-shifts-to-reopening-idUSKBN22H2YG

In the past month ... USA has added 900,000 new cases ... and over 60,000 new deaths.

The rate is NOT going down.

Only one nation has done worse ....

Amusingly

UK which has not even got a Brexit deal with the EU ...

Now UK announces ... a Trade Deal with the USA.

This will take years .... literally years.

https://www.reuters.com/article/us-...as-virus-ravages-global-economy-idUSKBN22H0E0

UK for the record is 55 million so .... its about 1/6th the size of the USA.
Its only just started really testing and its numbers compared to the USA are just as bad.

It is however winning with ... deaths and 20,000 deaths time 6 is DOUBLE the USA.
Thats 120,000 at the converted ratio !!

Market was faltering ... and the first announcement didn't really do it ... but the second .... wow ... almost worked.

This far right ... policy of stuff the peasants is working for the UK and USA.

UK likely catches up to Italy within 10 days and heads for Spanish type numbers.

Two imbeciles trying to distract and gaslight ... good luck. Still laughing over 97% fall in UK car sales overnight. Trump sniffing like ... mad and well Boris has now his 18th child we know of.

Brilliant !!

America a Failed State and a Rogue State to the rest of the World

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