patrick.net

Ok, so here's what those crazy Chinamen have been up to.

They have been dumping treasuries and mortgage backed securities and buying up European sovereign debt obligations. They are selling so much that the real rate of return on 10 year treasuries is about 2%. That is 2% after inflation, and it is even higher for longer dated maturities. This is unreal for treasuries. Meanwhile European bonds are paying less than their inflation rate. So buying those bonds is a guaranteed loss in value over time.

Under normal circumstances this would grenade the Euro, but the Chinese are just buying so much of the currency for dollars that it has sent the Euro higher against the dollar.

The sheer monetary losses the Chinese are suffering are enormous.

The Europeans lowered their interest rate just this week and are looking to do it again in June. They are also gonna issue a huge amount of bonds supposedly for defense, but the politicians will squander the funds on pet projects.

The only problem is that trade follows investment flows. The Europeans are gonna be swamped by Chinese goods.

Misc says

The Europeans are gonna be swamped by Chinese goods.

That they won't buy. I don't care to learn about treasuries and bonds. Doing fine without that knowledge. I do know Euros are pinkies up when it comes to products. I don't see them buying the Temu type bull shit. Americans are the Chinese primary source of revenue. Good luck selling to Euros.

Misc says

has sent the Euro higher against the dollar.

Which is going to hurt European exports big time.

MolotovCocktail says

Misc says

has sent the Euro higher against the dollar.

Which is going to hurt European exports big time.

This is the fuck European thread. Fuck 'em. You're the OP. I'm not sure why we give any shits about anything across either oceans. It's two different worlds. No one with a thinking brain would think Russia, Europe, China, India and Africa would team up and do shit. They have 4-5 aircraft carriers?

Reality is we'll have to bail them out in the future when they cannot play nice in the sandbox. US needs to just stop doing stupid wars for 2 decades.

https://x.com/RenaudCamus/status/1920730007623680488

By the shores of Mesogeios,
We laid down and wept,
We wept, for thee Ouikumine

https://x.com/RadioGenoa/status/1921452873365299360

https://x.com/robertbrynin/status/1921506085384397114

https://www.kunstler.com/p/the-widening-gyre

The Champs Elysees was a battlefield Saturday night as a soccer celebration went all Jihad, leaving two rioters dead and hundreds arrested (unreported inThe New York Times, of course, because. . . reasons). The two Alexanders at The Duran report that a plot is underway in London to deep-six (not eighty-six) Labour PM Sir Keir Starmer, who enjoys the lowest poll ratings in the history of British polling. Ol’ Keir likes to throw grannies in jail for rude Facebook posts while Islamic rape gangs do their thing and knife attacks multiply on the indigenous population. Not a good look. Perennial nationalist irritant Tommy Robinson was released from prison the other day, too, and you can expect fury arising around — and at him — as the sceptered isle day-by-day disappears under a burqa.

MolotovCocktail says

Brilliant! If only French women weren't two-timing whores.

They'd be better off with goats. They would rape the goat while she escaped.stereotomy says

MolotovCocktail says

Brilliant! If only French women weren't two-timing whores.

Visiting Brussels in 2050:

I don't do tik tok. Does this shit just show up in a feed or do you search it out? Was funny though.

WookieMan says

I don't do tik tok. Does this shit just show up in a feed or do you search it out? Was funny though.

It was posted on X.

MolotovCocktail says

WookieMan says

I don't do tik tok. Does this shit just show up in a feed or do you search it out? Was funny though.

It was posted on X.

Not saying you're wrong, but it is branded tik tok at the end. I don't do X either. Doesn't matter either way. It was funny.

Only social media I do is FB taking a shit in the morning looking at all the liars that are "friends." I know 1,000 people if I saw them in the street. My legit crew of friends is about 15. We'd all have each other backs no matter what. I don't like most people I know. Meet the Fockers. Inner circle of trust.

WookieMan says

it is branded tik tok at the end

And it is branded TikTok even though you saw it posted on PatNet. I downloaded it from X, from a post someone else posted that TikTok video to before.

Next they'll deep six "Kindergarten."

MolotovCocktail says

Also, the pic is misleading. The Ohio railroad pictured isn't a Class A railway. Comments by railnerds explain the details.

The US has vastly superior freight lines than Europe. Europe moves by truck because their freight lines are inadequate compared to the USA.

You don't see 200 car freight trains in Europe, the infrastructure and right of way for it does not exist and to make it so would be unbelievably difficult.

In passenger traffic, it's the opposite.

PanicanDemoralizer says

You don't see 200 car freight trains in Europe, the infrastructure and right of way for it does not exist and to make it so would be unbelievably difficult.

We shouldn't have them either.