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The Coronavirus has a huge effect, it's just been papered over by massive Central Bank Financing. Make no mistake, we are in 'Willy Wonka' land with respect to
by jollybean 5y ago
The Coronavirus has a huge effect, it's just been papered over by massive Central Bank Financing.
Make no mistake, we are in 'Willy Wonka' land with respect to currency.
The reason it hasn't lead to geopolitical fallout is because 'everyone is in the same boat'.
If 'just Canada' did this ... even with a pandemic, Canada would be getting trashed on the markets, major downgrades, the fallout would peter into a lot of things and there's no question at least the government would probably fall.
If if were acutely a China-Taiwan issue then all of a sudden the world's eyes would be on that as the source of the issue an it would cause a pretty big realignment.
This would be 10x more amplified were there a military component.
It's one thing for there to be a flummox over a virus, but China 'invading' countries would basically be such a strong signal ... it would be the demarcation point for literally a New World Order. Future historians would count the end of WW2 up until then as maybe a single era, with that event starting a new one.
All the chess pieces would be moved or adjusted.
- pcrh 5y agoI quite agree that a Chinese invasion of Taiwan would be a "new world order" event, but I'm sceptical that a loss of Taiwanese Fabs would be the same.
- jollybean 5y agoYes, that's it. The article almost embarrassingly equates Taiwan with Fabs. It makes sense from a certain perspective but in the big picture it's not that big of a deal. In 400 years, Taiwan's political status will be relevant, ASIC fabs will be a footnote.