“Those whom the gods wish to destroy they first make mad”
Modern orthodox liberal thought is essentially delusion.
The liberals embrace of delusion as orthodoxy is not unexpected and is a natural progression from the acceptance of relativism and the denial of absolute truth.
If there is no absolute truth and truth is relative i.e your truth is not my truth then why not ignore “reality” and make up one’s own truth e.g Bruce Jenner aka “Caitlyn” is a woman in fact “woman of the year” and same sex “marriage” is equal to heterosexual marriage. The latter of course is the equivalent to saying :
5 + 5 = 5 + 10
The problem with living delusions is that reality persists whatever the contortions of university trained brains and other locos.
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When It Comes To Trade, China Rules The Seven Seas
Kenneth Rapoza , CONTRIBUTOR
I cover business and investing in emerging markets.
Opinions expressed by Forbes Contributors are their own.
A man uses his mobile phone on his motorcycle in front of stacked shipping containers at a port in Shanghai in March 2016. China trade figures aren’t as impressive as they once were, but something is going on here that is more than meets the eye. (Photo by JOHANNES EISELE/AFP/Getty Images)
If you think China’s trade figures are bad, you must think that those of the U.S. are abysmal.
China is to world trade what Saudi Arabia is to petrodollars. It’s the alpha and the omega and no one comes close to China’s roll there. Many of the ships you see pulling into ports around the world are either going to China or just arrived from there.
Two years ago, China overtook the U.S. to become the world’s No. 1 exporter, accounting for 11.7% of all exports. Even though the global trade recovery since 2008 has been disappointing, the value of imports and exports have done even worse due to sharp price falls in many commodities. Yet, China’s exports still managed to expand at an average of 7% between 2012-2014, much of it helping to feed a record-breaking trade deficit with the U.S., and now accounting for more than 20% of the expansion in world trade, HSBC’s head of Asia research Qu Hongbing says.
In volume and value growth, nobody beats China.
Qu and his team recently released a 54 page report on China titled, “The Rise of the Redback”, where HSBC examines the yuan on its trajectory to becoming a global currency. HSBC has a lot at stake in China’s future. It is one of the biggest traders in offshore yuan in London and Hong Kong.
In a separate section on exports, HSBC report authors noted that China’s share of global exports actually rose to 12.3% in 2014, recording a 6% annual growth rate while the rest of the world saw a combined 0.5% annual contraction when China is excluded from the mix.
China’s merchandise exports contracted 2.6% in 2015, but that was the smallest decline since 2009. And it beats the 5.1% drop for U.S. merchandise exports during the same period. China exports to all major trade partners has remained steady with the U.S., of course, unable to give up on Made in China goods.