He is not that bad but he is to China. But even that , it is not that bad.

They've been printing money like crazies with no end in sight. Blaming it on Putin is just strategy so they can keep pumping Ukraine full of armaments.

Yea, and sending Ukraine weapons also cost money which was also printed by the Fed.

To be exact, from what I gotten. China's gas went up to about 23% since Jan 2022. and USA went up about 40% since Jan to May 2022. So the rest of 17% could be from inflation alone unless there's other factors that I didn't account for.

This post was edited by Tarisus on Jun 12 2022 08:22am

I watch a Taiwanese news that Zelensky and Biden is having some sort of quarrel recently and it seems that Biden is hinting to Zelensky should think of giving up some parts of Ukraine for a ceasefire. Is that sort of true?

Azov moth

China has it's own debt crisis. I read that China's national debt is more than 250 percent of GDP, higher than the United States.



Zelensky has played his hand very well by feeding the woke West news about dead civilians, saying the Russian will come for EU countries next and so on. So far the West has given him most of what he asked for.

Not sure about the cease fire thing you mentioned I thought that was coming from Macron who suggested to send a trainload of white flags to Ukraine instead of more weapons.

This post was edited by Djunior on Jun 12 2022 08:40am

Marcon said something similar as well. And also Zelensky appeared via video conference in my Country's conference.
Shangri La Dialogue.

The Chinese debt versus its GDP was created slowly over long period of time, thus it is able to stabilize. Unlike the current model of USA where its around 8% for long period of time. The wage to cost of living ratio is horrible in China but inflation was done over 20-30 years with LOW rates, thus it is able to survive as wage increased over time as well.

The big problem in US right now is that its inflation is injected too fast in short period of time. Also GDP of USA has always been greater than China, thus there's more room for errors. I've never heard of Chinese government spending like insanely crazy in 1 year or 2. And US wage isn't increasing fast enough and without proper circulation of the economy, most businesses cannot afford to increase their workers wage in such short period of time, they have to make some profit at inflated value first.

This post was edited by Tarisus on Jun 12 2022 08:56am

This is incorrect, China's debt has exploded since the 2008 financial crisis.

But did their currency value inflate to the point where people have trouble buying everyday necessity. For 2007-2008, average inflation of 5-6%. Back in 2011, it came back up 5.5%. After that it just builds up quicker even with 2-3%. Its compounding on previous debt. There's few years of 3-4% as well.



This post was edited by Tarisus on Jun 12 2022 09:13am