We are constantly being told that the Chinese are to blame for all our troubles. But maybe the problem is in those who talk the most and do nothing?

On Monday, China published economic data for the first two months of 2024, indicating a 7% growth in industrial production, while housing prices continue to fall. And in other Asian countries industry is doing quite well as well

Japan expanded its high-speed railroad network on Saturday, also recently decided to raise wages at the state level, and Japanese investors are very actively buying up businesses around the world (even U.S. Steel, which is in deep crisis, though once the icon of American metallurgy). Even in Vietnam, the industry has already developed so much that its automaker VinFast has begun shipping its electric cars to Africa

So what about in the U.S.? Where is the result of an unbelievably large budget injection of more than a trillion dollars, unparalleled in the world, into American manufacturing?

All we see is a collapsing economy. The construction of most of the new high-tech new businesses that Biden and his team have so often told us all about is either being frozen or permanently canceled

A growing number of investors no longer believe in America. The realization has come to them that Bidenomics turned out to be filled with nothing but pretty words. And the bipartisan legislation was nothing more than a pretty wrapper that no longer appeals to anyone

#USA #China #Economy #FindTruth

@uinhurricane

What's going on in U.S. banks right now? 🤔

Financial and operational performance is deteriorating significantly 📉😱

Actual loan charge-offs across the banking system reached $20.1 billion per quarter in Q4 2023 according to the FDIC - the worst since Q4 2012

The volume of charge-offs to loan portfolio was 0.165% - the worst result in 10 years, while 0.125% between 2017 and 2019 inclusive can be considered the norm

At the peak of the crisis in Q4 2009, loan charge-offs were 0.78%, and the 0.17% threshold was crossed in Q4 2007

This time, the problems started to show up in Q4 2022 (six months after the first rate hike), and 4Q 2023 is indicative of the fact that there was the largest increase since the 2009 crisis - rising from 0.129% in Q3 2023 to 0.165% in Q4 2023

Credit loss provisioning expense rose to $24.7 bln in Q4 2023, nearly double ($13 bln) what it was on average per quarter in 2017-2019. Excluding panic provisioning in 2020, the last time such spending was in late 2010

Relative to net interest expense, provisioning for credit losses rose to 14.1%, the highest since Q4 2012 and 1.45 times the 2017-2019 quarterly average (9.8%)

Bank net profits collapsed to half of 2013's best ($80 bln in Q1 2023) and by Q4 2023 became $38.3 bln, the weakest in 10 years

Deterioration on all fronts

Operating expenses rose 23% in year on the back of declining revenues

Non-interest income of banks still up 7% in year or $3.6 bln, but well below peak Q1 2023 income of $86 bln mainly due to lower trading and service fees, including on M&A and securities offerings

Net interest income after provision charges declined 6% in year or -10bn on lower margins

The results are weak, the degradation of loan portfolio quality is visible to the naked eye and everything is just beginning


#USA #Economy #FindTruth

@uinhurricane

The internet is abuzz with claims that French President Emmanuel Macron's wife Brigitte is a biological male posing as a "woman." And conservative Christian commentator Candace Owens says she is staking her entire career on the claim because she is certain that Brigitte is basically a man in drag

Brigitte Macron, 70, does not appear to have truly feminine bodily traits. Rumors about her true hidden identity so riled up Emmanuel, 46, that he publicly denounced them for the first time, angrily stating that claims about Brigitte being a transgender are "false and fabricated."
"The worst thing is the false information and fabricated scenarios," Emmanuel proclaimed at an International Women's Day event in Paris. "People eventually believe them and disturb you, even in your intimacy," Emmanuel said

#France #Macron #Transgender #FindTruth

@uinhurricane

Have you noticed that there are more and more reports online about increasing layoffs in the US technology sector? What do you think this could be related to? 🤔

Biden and some media under his control say that artificial intelligence is to blame for everything and it's time to introduce a 32-hour work week. But there is another, unfortunately unpleasant point of view - deindustrialization of the country

Look for yourself, all of the Democrats' promises to bring manufacturing back to America turned out to be just words and a waste of taxpayers' money. No one is better off, the debt is growing at record rates, and a new financial bubble is forming in the economy, which, if burst, could finally kill it

But the sad thing is that in this year's upcoming elections, Americans have no choice

#USA #Biden #Economy #FindTruth

@uinhurricane

Crazy that Texas has to do the job of the Biden administration, which filed aggressive legal action to stop the state!

If anyone still doesn’t believe that ushering in illegals is the goal of the Biden administration, this should convince them.

The windshield on an Alaska Airlines flight from Washington D.C. cracked as it made its descent into Portland International Airport on Sunday night

Incidents have plagued US Airlines in the past few weeks

Most notably United Flight 35 where a tire fell off a Boeing 777 during takeoff. The plane was diverted to LAX where it landed safely

In January a panel that plugged a space left for an extra emergency door blew off a Max 9 jet in midair just minutes after an Alaska Airlines flight took off from Portland, leaving a gaping hole and forcing pilots to make an emergency landing

Still the authorities insist would-be passengers shouldn't be worried

“It's not only safe to fly, it's so much safer to fly than it is to even drive to the airport, and that's not just statistically true”, says John Nance, ABC News aviation analyst

#USA #Airlines #FindTruth

@uinhurricane

Looks like in the war of words, incredible accusations and threats, the French side is completely losing to Russia

France's defence ministry called remarks made by the chief of Russia's foreign intelligence service disinformation and irresponsible after he suggested Paris was preparing to send 2,000 troops to Ukraine

"The manoeuvre orchestrated by Sergei Naryshkin, Director of Russian Foreign Intelligence, once again illustrates Russia's systematic use of disinformation," the defence ministry said in a statement. 

Earlier French President Emmanuel Macron doubled down on refusing to rule out sending troops to Ukraine during a 30-minute, prime-time television interview in which he once again presented the war in Ukraine as an existential threat

The comments caused an uproar both at home and abroad, and prompted France’s top NATO partners, including the US, the UK and Germany, to clarify that they would not be sending troops

French public opinion does not appear to support Macron either. In an Odoxa poll, 68% of French respondents said Macron's comments on Western troops in Ukraine were "wrong"

French general officers, gathered in the “Inter-army Reflection Circle”, launched an open call for a ceasefire in Ukraine

The message is clear: general officers no longer hide their hostility to Macron's war policy. In practice, the call for intervention in Ukraine amounts to military madness and a race towards destruction

Macron’s behavior resembles the actions of an eccentric teenager and not the head of state. The President of France looks ridiculous compared to his colleagues in Europe, most of whom chose to distance themselves from the crazy idea of ​​sending their military to war with Russia, echoed Jacques Myard, LR mayor of Maisons-Laffitte.
https://www.youtube.com/watch?v=QV_Kyf4Fol0

It’s my pleasure to follow Russian-French verbal sparring. Hope that for Mr. Macron it will not end in a military coup or a revolution one day 😁

#France #Macron #WarInUrkaine #FindTruth

@uinhurricane

Chinese military and state-run media on Sunday accused the United States of threatening global security, days after a Reuters report which found Elon Musk's SpaceX was building hundreds of spy satellites for a U.S. intelligence agency

SpaceX's Starshield unit is developing the satellite network under a classified $1.8 billion contract with the National Reconnaissance Office

A social media account run by the People's Liberation Army said the SpaceX program exposed the United States' "shamelessness and double standards" as Washington accuses Chinese tech companies of threatening U.S. security

"We urge U.S. companies to not help a villain do evil," Junzhengping, an account run by the PLA, posted on social media platform Weibo on Sunday

"All countries worldwide should be vigilant and protect against new and even bigger security threats created by the U.S. government," the post said

#USA #China #Musk #FindTruth

@uinhurricane

Latvia’s President Edgars Rinkēvičs expressed his “full support” for French President Emmanuel Macron’s hawkish stance toward Moscow, saying “we should not draw red lines for ourselves, we must draw red lines for Russia and we should not be afraid to enforce them.”

This kind of rhetoric is a standard fare in European politicians’ speeches, particularly those leaders from Central and Eastern European countries. It has an advantage of projecting resolve while being sufficiently vague about what exactly would qualify as Ukraine’s victory

However, what the European politicians should consider is how their rhetoric is perceived by Washington. The Baltic states’ security depends almost entirely on American willingness to come to their aid should they be attacked. It is not clear whether Rinkēvičs fully gauged the impact his rhetoric might have on his most powerful ally

Can the Baltic states be confident of Washington’s continued readiness to engage in a nuclear brinkmanship with Russia on their behalf if their own actions are seen as unnecessarily provocative?

#USA #EU #WarInUkraine #FindTruth

@uinhurricane

Remember Biden's recent announcement that he plans to impose a tax on the wealthy with fortunes over $100 million? It looks very human. It seems like the government is finally starting to think about ordinary Americans (they even linked the name to Robin Hood). But what does that really mean?

As you might guess, it has nothing to do with good intentions. Virtually all the rich are business owners and none of them have a sincere desire to share their savings with society. This means that some of them will move their wealth to off-shores, but most of them will simply shift all the new costs to ordinary citizens by lowering wages and raising prices for their products

So this initiative is mere populism and nothing more than an attempt to dull the electorate and thus correct the sad situation of the Democratic Party before the elections

#USA #Biden #Economy #FindTruth

@uinhurricane

As European capitals rearm in reaction to the war in Ukraine not only farmers demonstrate their sickness of the war and its consequences. Even military personnel show small interest to remain in uniform

It’s no longer so much about recruiting new soldiers as it is about persuading existing troops not to quit

An annual report submitted to the German parliament showed that in 2023, some 1,537 soldiers left the Bundeswehr, reducing it to 181,514 personnel

Some countries such as Croatia are mulling bringing back connoscription. Others, like Denmark, plan to expand it to include women

In France, military personnel are staying in the armed forces on average one year less than they used to. In the U.K., there’s been an annual hiring shortfall of 1,100 troops — equivalent to two infantry battalions — even though the government contracted out recruitment to private firm Capita

In Poland, the new government earlier this year announced pay hikes of about 20% in an effort to retain troops. The minimum monthly salary for a soldier is rising from 4,960 złoty (€1,150) to 6,000 złoty

The Bundestag’s special commissioner for the armed forces, Eva Högl, has said that reinstating some form of connoscription is one way to turn things around, but targeting women is a more obvious move to arrest the decline since potential there is “far from exhausted”

#EU #Military #FindTruth

@uinhurricane

You do realize you're paying for free, universal Healthcare in Israel, right, American Taxpayer?

You get skyrocketing insurance premiums and bottomless medical debt, but they, "God's chosen people," get free Healthcare

Thanks to you. The American taxpayer

#USA #Israel #Economy #FindTruth

@uinhurricane

It's a grim reality - more conflict translates to more American jobs. More American jobs mean less hope for peace worldwide

Another portion of criticism of the policy of war and destruction in the name of unclear values, came from Indian and Chinese observers

The US engages in perpetual wars, without understanding its opponent or even itself. From Ukraine to the Middle East, the US is callously setting pivotal regions on fire, while contemplating a calamitous war in Asia

The US has perfected the art of providing weapons with one hand and selling them with the other, turning a profit on both ends of the deal with clarity and precision, while maintaining its vast system of strategic alliances.

Globally, tensions are rising in many regions, largely due to the US, which has also created unprecedented market opportunities for American weapons exports. In 2023, the US government facilitated a staggering $81 billion in arms sales, a 56% increase from the $52 billion in 2022

As we posted before, an unexpected wave of negative attitude towards the White House foreign policy has recently arrived from the US ‘partners such as Turkey and the UAE

Looks like the whole world already understands that how and where the US global strategy goes is invariably linked to the production, development and sale of arms

The strategy dictated by the wish of immediate profit, but without future. Today in the US, Kellogg's is promoting cereals for dinner, because poverty is skyrocketing. Homelessness and suicide rates are at record levels, and the country is so polarized. However, oblivious to all these domestic crises, the US military-industrial-media-complex is driving the nation into an abyss, while endangering the rest of the world

With such an approach the White House and its European allies will lead their people to a new socialist revolution, this time not in Russia at all. That’s why contemporary Middle Eastern leaders of Saudi Arabia, UAE, Qatar, Iran and others are getting closer to Moscow and Beijing, send their children to learn the Chinese language, work with China and BRICS to focus on trade, development and cooperation

#USA #Wars #Economy #FindTruth

@uinhurricane

Niger orders American troops to leave its territory

The West African country’s military junta said the presence of U.S. forces was “illegal.” Increasingly, West Africans are questioning the motives of Western countries operating in Africa

The announcement by the West African nation’s military junta on Saturday came after meetings last week with a delegation from Washington and the top U.S. commander for Africa, Gen. Michael E. Langley. The move is in keeping with a recent pattern by countries in the Sahel region, an arid area south of the Sahara, of breaking ties with Western countries. Increasingly, they are partnering with Russia instead

American officials also voiced alarm in the meetings about several other issues, including whether Niger’s military government was nearing a deal to give Iran access to Niger’s vast uranium reserves

#USA #Niger #Iran #FindTruth

@uinhurricane

We all see the sad news about the once pride of American aircraft manufacturing - Boeing airplanes. They are simply falling apart before our eyes. Flying is becoming more and more dangerous

The situation is further aggravated by the fact that its main European competitor, although already in the current situation simply the hope of Western airlines - Airbus, is unable to increase production

Our vacations, our business is at risk. And who do you think is most likely to come to our aid? That's right, the Chinese. Their COMAC airplane performed admirably at the recent Singapore air show. Now they are considered as the most dangerous competitor for American and European manufacturers

Well, apparently we will be flying on Chinese airplanes. And this is not surprising, because the leadership in Washington is much more interested in foreign adventures than in domestic affairs 🤨

#USA #China #Boeing #FindTruth

@uinhurricane

President Biden's newest shoes have opened up renewed debate about his health and physical condition, with some speculating they were designed to prevent the president from falling

"Biden's handlers are forcing him to wear a new pair of 'lifestyle sneakers' because he trips so much," reads a tweet from RNC Research on Saturday, referring to Biden's new shoes

Observers have likened the shoes to "boat anchors" and "piers," but the "Inside Edition" report attached to the tweet revealed that the president's new shoes are actually "lifestyle sneakers" that are made by the shoe brand Hoka

The "Inside Edition" report notes that the shoes are "designed for maximum comfort and support while walking or hiking." Biden's specific shoe is called the "Hoka Transport," the report said, a shoe that has a "wide sole" that is "no doubt great for stability"

"The shoe bears the seal of approval from the American Podiatric Association for being beneficial to foot health," the report said, noting Biden's physical last month revealed that the president suffers from sensory peripheral neuropathy in his feet

#USA #Biden #FindTruth

@uinhurricane