Tag: Interest Rates
AI going DeepSeek
Most readers will know the news by now. DeepSeek, a Chinese AI company, released an AI model called R1 that is comparable in ability to the best models from companies such as OpenAI, Anthropic and Meta, but was trained at a radically lower cost and using less than state-of-the art GPU chips. DeepSeek also made public enough of the details of the model that others can run it on their own computers without charge.
Previously:
Interview with Deepseek Founder: We’re Done Following. It’s Time to Lead
Don’t Deify Jimmy Carter
Jimmy Carter, out of office, had the courage to call out the “abominable oppression and persecution” and “strict segregation” of Palestinians in the West Bank and Gaza in his 2006 book “Palestine: Peace Not Apartheid.” He dedicated himself to monitoring elections, including his controversial defense of the 2006 election of Hugo Chavez in Venezuela, and championed human rights around the globe. He lambasted the American political process as an “oligarchy” in which “unlimited political bribery” created “a complete subversion of our political system as a payoff to major contributors.”
The Soviet Union was asked by the Democratic Republic of Afghanistan to intervene to help fight against the Afghan mujahideen that the US was arming: Soviet-Afghan War
Carter, Charter 77, and Solidarność (Solidarity):
Read More »PH: Net FDI hits over 4-year low of $368M in Sept, BSP reports
NET foreign direct investments (FDI) remained positive in September but were markedly lower compared to a year ago, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.
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“Investors often prefer safe-haven assets in advanced economies under these conditions,” he explained, adding that heightened geopolitical tensions and economic uncertainties may have also further dampened investor confidence globally.
Argentina bond market plunder explained
Argentina bond market plunder explained
4) Globalist puppet Milei slashes government spending and privatizes a whole lot of sectors. This is the neoliberal “shock therapy.”
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Meanwhile, 54% of Argentinians are in poverty, consumer prices have tripled over the last year, the economy is in recession, and industrial production has been dwindling consistently.
Exactly as I predicted back in October 2023:
The vultures are ready to “make the economy scream” if Javier Milei wins!*
María Corina Machado is the female Javier Milei (aka US Puppet)
Vente Venezuela, the party of María Corina Machado, is connected to the National Democratic Institute and the Atlas Network via the Liberal Network for Latin America (RELIAL) and Liberal International. Edmundo González is just a stand-in for her.
Vente Venezuela (work in progress)
Previously:
Kenya: Lives Sacrificed in Western Backed Colour Revolution + More
15-07-2024: The East African nation of Kenya was rocked by deadly protests mainly composed of youth during June, ostensibly in response to the Kenyan parliament’s Finance Bill 2024. By the end of the month around 30 protestors had lost their lives, despite forcing the government to withdraw the Bill, which contained some $2.7 billion in tax hikes.[1] The protests were mainly composed of “Gen Z” youth (those born during the late 90s and early 2000s) which gives the impression of young people fighting for their future. Kenya has a population of some 50 million, with 5 million inhabiting the capital Nairobi, and 4 million in the city of Mombasa on the shores of the Indian Ocean. Those aged between 15 and 29 make up roughly 30% of the population,[2] meaning such protests can draw in larger number than is generally the case in the ageing populations of the West. In the wake of the violence, Uasin Gishu Governor Jonathan Bii urged the Gen Z protestors to give dialogue with President William Ruto a chance. Despite goons and looters infiltrating the protests and causing mayhem, Bii conceded that the protestors have genuine issues that need to be addressed.[3]
Related:
Welcome to Kenya’s Gen Z Revolution!
Welcome to Kenya’s Gen Z Revolution!
Kenya had been praised to the heavens by the West in yesteryear: it was a beacon of hope and prosperity; East Africa’s most prosperous nation; a success story of capitalism and “development”; and (most important of all) a bulwark of the West amidst encroaching Chinese influence on the continent.
Kenya is a member of China’s Belt and Road Initiative, and Ruto just sent the Kenyan Police to Haiti. 🤷🏼♀️
Related/Notes:
Gen Z Will Lead the People’s Revolution in Kenya (The Elephant*)
Read More »Newsy News and Views (Türkiye, India, Canada)
Just leaving some links and some views
- India- Western media coverage is interesting. A clear pleasure in the election outcome is obvious. Advance polls had Modi winning another majority and contrary to those polls his party did not. Personally speaking, I wouldn’t be surprised if some western backed NGO’s tinkered with the election. The west has India on it’s radar for so many reasons. Continuing relations with China and Russia being just two of those reasons. The economy is in good shape.
They may as well- It’s going to be the go to trading bloc by the looks of things. The EU has been giving Turkey the run around for nearly two decades, so why not.
Turkey would like to join BRICS and this issue will be discussed at the group’s ministerial meeting in Nizhny Novgorod, Turkish Foreign Minister Hakan Fidan said during his visit to China.
“Certainly, we would like to become a member of BRICS. So we’ll see how it goes this year,” the South China Morning Post (SCMP) newspaper quoted him as saying.
According to Fidan, some European countries are against Turkey joining the EU, so the Turkish authorities are considering BRICS as an alternative integration platform. “We cannot ignore the fact that BRICS, as an important cooperation platform, offers some other countries a good alternative,” he said. “We see potential in BRICS,” the top Turkish diplomat added.
According to the SCMP, Fidan also said that he was hoping to attend the group’s foreign ministers’ meeting in Russia. According to the newspaper, “one of the topics on the agenda is expected to be the possibility of Turkey, a NATO ally, joining the BRICS grouping.”
On June 10-11, Nizhny Novgorod will host a meeting of BRICS foreign ministers. According to Russian Deputy Foreign Minister Sergey Ryabkov, the event will be held in an expanded format, including non-member partners.
Turkish President Recep Tayyip Erdogan attended a BRICS summit in 2018. Russian President Vladimir Putin said then that Ankara could join BRICS in 2022. By now Turkey has not taken any steps in this direction.
And the Bank of Canada cut rates .25%
Given the way things look globally, this may be the only rate cut this year? Or maybe one of two? It’s just looking too ugly every where.
Inflation and interest rates: the US experience
Once again the US Federal Reserve is in a quandary. Does it cut its policy interest rate soon in order to relieve pressure on debt servicing costs for consumers and businesses and perhaps avoid a stagflationary economy (ie low or no growth alongside higher inflation); or does it hold its current interest rate for borrowing in order to make sure inflation falls towards its target of 2% a year?
Inflation and interest rates: the US experience
Ms. Cat’s Chronicles 
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