Let`s face it; Joe Biden is the most popular president in the United States ever. More popular than Barrack Obama. More popular than Bill Clinton. What people actually voted for is bigger government, more government spending and more taxes.
Biden is not talking much to the Media, but after 100 days, he held a speech, and that speech scared the hell out of many people in the United States. One of them is Lindsey Graham. Biden scared the hell out of me tonight, he said.
He look weak as a commandor in chief, and he embraced socialism, Graham said.
The Media Mob attacked Trump for his border policy, but only a few is talking about the border crisis they have now. Biden talked about problems like racism, guns, virus and money, but didn`t say much about the border crisis they`re facing now.
He attacked rich and wealthy people that created the wealth in the United States. He want them to pay more money, so the government can grow bigger. If Biden`s policy works, why are GDP per capita in the U.S better than socialist countries?
Wall Street Journal Editorial Board had this headline earlier this week; «Biden`s Cradle-to-Grave Government.» His latest $1,8 trillion plan rejects the old social contract of work for benefits. Something that have worked under Clinton, Bush and Obama. But now, it seems like it is a new era. A socialist era.
All the people behind Joe Biden assume that the people who voted for him love his tax hikes and bigger government. In November 2022, we will find out if they are right….
The tension in the South China Sea is very high, and the main reason for that is the CCP. They claim it`s their territory. China`s claim to the sea is based both on the law of the Sea Convention and its so-called «nine-dash» line.
This line extends for 2,000 kilometers from the Chinese mainland, encompassing over half of the sea. This consept is important: it means that by definition, the South China Sea is a shared maritime space.
But why is South China Sea so dangerous? The area is poorly charted, making it exceptionally dangerous to navigate. The major Singapore-to-Hong-Kong routes go well to the west and east of the area, and this is one of the reasons why the South China Sea is so important for the U.S, but also for the Global UK.
Maintaining freedom of navigation is a fundamental interest of the U.S. Unhindered navigation by all ships and aircraft in the South China Sea is essential for the peace and prosperity of the entire Asia-Pasific region, including the United States.
Since the two-day clash of arms between China and the former Republic of Vietnam (South) in January 1974, the Paracels have been firmly in Chinese control, while the Philippines, Taiwan, and Vietnam are each holding a part of the Spratlies.
This is a dangerous global conflict, and China`s sweeping claims of soverignty over the sea, and the sea`s estimated 11 billion barrels of untapped oil and 190 trillion cubic feet of natural gas, have antogonized competing claimants Brunei, Indonesia, Malaysia, the Philippines, Taiwan and Vietnam.
Philippine President Rodrigo Duterte is warning; if the the South China Sea dispute with China escalates, «it will be bloody.»
President Duterte has said he is prepared to send military ships to «stake a claim» over oil and mineral resources in the South China Sea, while noting that challenging Beijing in the disputed waters will only lead to violence.
«If we go there to assert our jurisdiction, it will be bloody,» Duterte said in a televised briefing, his first remarks after hundreds of Chinese vessels were spotted at a disputed reef in March.
Not only the U.S marines are one the way to the South China Sea. So are Britain, with a huge naval force. The war-drums is also a wake-up call for Australia.
The largest naval flotilla assembled by Britain in recent years will set sail in May on a months long voyage through tha Pacific, the country`s Defence Ministry said.
«When our Carrier Strike Group (CSG) sets sail next month, it will be flying the flag for Global Britain, projecting our influence, signaling our power, engaging with our friends and reaffirming our commitment to addressing the security challenges of today and tomorrow,» UK Defence Secretary Ben Wallace said on Monday.
«The UK is not stepping back but sailing forth to play an active role in shaping the international system of the 21 century,» Mr Wallace said.
Russian President Vladimir Putin spoke to the nation in the annual speech to the Federal Assembly yesterday, as the tension brew at home and abroad. The tension is high in Ukraine, and Putin told the West to back off.
In addition to the tension in Ukraine, Putin see some dissatisfaction at home over stagnating incomes and rising inflation, the coronavirus pandemic, and new sanctions from the U.S.
Putin said that Russia must respond to the challenges of climate change and create a carbon recycling industry. «We need to adapt the housing and utilities system, infrastructure and the agro-industrial complex to climate change, to create a system of strict control over carbon emissions,» he said.
«Greenhouse gas emissions should be lower in Russia than in the European Union over the next 30 years. We cannot allow climate catastrophes like the one in Norilsk.»
When it comes to foreign policy, Putin said «If someone uses an arrogant and selfish tone, Russia will always find a way to defend its position. This is turning into some kind of Sport. Who can say something negative about Russia the loudest?»
«We behave in a restrained, modest manner. Oftentimes we do not respond to outright rudeness; we want to have good relations. We are not looking to burn any bridges.»
But this is more serious and Putin is playing hardball; «I hope no one will think of crossing so-colled «red lines» against Russia, which we ourselves will define in each separate case. Russia`s response will be symmetrical, fast and tough.
The organizers of any provocations threatening our core security interests will regret their actions more than they`ve regretted anything in a long time.»
It seems that everyone is already accustomed to the practice of imposing illegal, politically motivated sanctions, attempts to impose their will on others by force.»
«But now this practice is degenerating into something more dangerous. For example, an attempt to organize a coup in Belarus and an attempt to assassinate this country`s president….The West is silent on this matter.»
«You can have any position on Lukashenko`s policies, but staging a government coup and planning the assassination of a head of state is too much.»
There is no doubt that the tension is very high and that Putin is pretty clear; «Russia once again urges its partners to discuss issues related to strategic weapons, possibly to create an environment of conflict-free coexistence.»
More importantly is what Putin said about demographics; «The demographic crisis of the 1940s is hitting us now. The preservation of the Russian people is our highest national priority. Russia will always defend traditional values that have been forgotten in a number of countries,» Putin said.
When it comes to the economy, Putin said; «The main thing is to ensure the growth of citizens real incomes.»
«The pandemic has exacerbated problems of social inequality and poverty around the world. We are faced with rising prices. It is impossible to rely only on targeted, directive measures. This leads to empty shelves, as was the case in the late 1980s.
Now, even at the peak of the epidemic, we did not allow this. With the help of market mechanisms, it is necessary to ensure price containment. I call on the government to take measures to help low-income families with children by July 1.»
«In Russia, single-parent families will receive a payment of 5,650 rubles ($73) for each child from 8 to 16 years old. We need to help women who are expecting a baby and are experiencing financial difficulties.
It is very important for the expectant mother to feel the support of the state so that she can keep the child. To help women in difficult financial situations who are expecting a child…. I propose a monthly payment of 6,000 rubles ($78) per month.»
«Families with schoolchildren will receive 10,000 rubles ($130) per child. It was impossible to avoid budget cuts last year altogether. To support the creation of new jobs, the state will stimulate businesses.
I`m instructing the government to submit additional measures to support small and medium-sized businesses, including in the tax area, within a month.»
«1,63 trillion rubles will be allocated for civil scientific research in Russia until 2024. Russia must be ready to develop test systems and vaccines within days in case of a new dangerous infection.»
«We must have a reliable shield for sanetary and biological safety. We need to have a full range of vaccine manufacturing capabilities. In the event of a dangerous infection, Russia should be ready within four days to create effective test systems, and as soon as possible our own vaccine. These tasks must be solved by 2030,» Putin said in the speech.
Snap Inc is expected to report earnings on 22 April, 2021 after the market closes. The stock has skyrocketed since the pandemic started last year. The stock price is around $58 on Wednesday, but a strong set of numbers could push the price even higher.
The consensus EPS Estsimate is -$0,05 (+37,5% YoY), and the consensus revenue estimatae is $740,89 million (+60,2% YoY). Snap is without any doubt a pandemic winner, but the company can remain at this level when countries are opening up again.
Snap`s average revenue per user (ARPU) which increased by 33% to $3,44 is far away from the king of social media; Facebook, which generated a staggering $32 per user in the period. As you can see, there is room for growth in here and innovation can help Snap in the future.
Earlier this month, Snap acquired the fashion recommendation app Screenshop. A company that analyzes photos to provide clothing suggestions. In March, they acquired FitAnalytics, a machine learning platform that helps customers pick the right clothing size when they shop online.
Both companies will be integrated into the Snapchat app very soon.
Snap is also working with PayPal to expand into new industries like cryptocurrencies and e-commerce. These are growth drivers that can help them both to boost their growth rate make investors and money makers happy.
Snapchat is popular among Gen Z (13-24) and their DAU is growing. DAUs were 265 million in the last quarter, and they are growing in Europe, North America and the rest of the world. Snap offers one of the most-used camera applications globally. 5 million snaps is created daily.
First-quarter top-line growth might have been impacted by lower ad spending. Also, a continued decline in price per ad impression and increasing competition might have weighed on advertising revenues, the only source of revenues for Snap.
Usage of augmented reality (AR), one of the fastest-growing digital technologies during the pandemic, is anticipaated to expand four-fold by 2023.
China`s new digital currency e-yuan is a big threat to the US dollar. E-yuan is expected to give China`s government vast new tools to monitor both its economy and its people. This is not only about the CCP`s ability to control China`s economy but also about their increasing global power, and it`s long running battle with the US dollar.
China has long said they are in war on Bitcoin. What some people don`t like is that Bitcoin is decentralized, but China`s digital currency is controlled by the CCP. In other words; the CCP can see everything you are doing with it.
Nearly 90% of foreign-exchange transactions involve dollars and more than 60% of all global central-bank reserves are held in dollar-denominated assets, and that gives the US tremendous power. But China doesn`t like that at all.
This is obviously a US security issue, but it doesn`t look like the Biden administration care much about right now. But they should, and that very fast if you ask me. The US often use sanctions on other countries, but now China can use their digital currency as a weapon on the US.
The communist China are pushing the IMF to the SDR (special drawing rights) issue. The currency value of the SDR is determined by summing the values in U.S dollars, based on market exchange rates, of a basket of major currencies.
The IMF`s SDR, the international reserve asset created in 1969 to prepare for a new dollar crisis, is undergoing a renaissance, with important worldwide repercussions. The announcement of by far the largest-ever increase in SDR allocations, which will greatly improve the liquidity of many developing nations, signals alignment between the US and China in a key area of global monetary power.
The US now agrees with using the IMF`s balance sheet to boost world liquidity. They are planning to more than triple SDR allocations by at least $500bn. This reflects a change in US policy to back measures strongly advocated last year by China as well as leading European and African countries.
Rich nations with large reserves will distribute part of their plentiful SDR stocks to poor countries.
The massive increase in SDR reserves, which can be converted into its five constituents; the dollar (42%), euro (31%), renminbi (11%), yen (8%) and sterling (8%) will indirectly boosts the Chiniese currency`s international reserve role, according to OMFIF (Official Monetary and Financial Institutions Forum).
In 2009, the United Nations suggested a new SDR-based global reserve system, feasible non-inflationary, and easily implemented, including in ways which mitigate the difficulties caused by asymmetric adjustment between surplus and deficit countries.
That same year, Zhou Xiaochuan, governor of the People`s Bank of China, proposed that the SDR could become the pivotal internationall reserve currency, disconnected from individual nations, as the light in the tunnel for the reform of the international monetary system.
Is this how they`re gonna reset the international monetary system?