Topic: On Apple's $200 billion dump and US shooting itself in the foot - page 4. (Read 607 times)

It is a couple of days old but it is new and I wouldn't call it "great news", it's just one of the changes in the current chaotic world. Not to mention that China is not that different from US.

Of course not, US economy is too big to "suffocate" from such a small thing. Not to mention that the Apple dump could even be recovered at some point in the near future. But this is becoming a regular thing, like a momentum and these dumps are accumulating in different fields. In other words the case of Apple dump is an example and it shows the high degree of vulnerability that US economy has in facing sanctions.
It's not going to be overnight either, like the dedollarisation. Dollar that once was used in 80-90% of the international trades, it is now barely reaching half of them as countries continue dumping it.

Sorry you didn't like my tone, feel free to read the businessinsider article, it is saying pretty much the same thing.

It's not all cheap and substandard. In fact I see Chinese economy as a very genius one that sees the "demand" in the world and creates the appropriate "supply" for it at cheap production cost. The reason why a lot of their products are substandard is because that's what their customers want.
If you check out the population of the biggest trade partners of China (US, South Korea, Japan, Taiwan in descending order of trade size), these countries have large number of middle and lower class citizens who are living hand to mouth and prefer affordable products. So that's what China manufactures.

But that's not all China manufactures, in other fields and products you can find top quality competitive products too. Off the top of my head their car industry which is at this point manufacturing competitive vehicles which some speculate is going to put a lot of big names out of business in the near future.

I didn't give "Kudos to China" and I disagree. That war has not ended yet to call its winner and also to this point there has been no winners. Both sides are still fighting and both sides are hurting in different ways. For example Chinese economy in certain places has gone bankrupt and some private companies were literally swallowed by the government to keep them afloat.
The difference between China and US is that China is fighting US while US is fighting majority of the world.

Thanks for putting it this way specially using these terms because US did the same exact thing to China in a large number of relationships. From Huawei only because it was manufactured in China to the recent sanctions on numerous Chinese companies just because BlackRock wanted to invest in them.

In other words my tone is not anti-US, I'm simply calling out sabotage, back-stabs, betrayals, and a lot of other shenanigans United States has been pulling on the rest of the world. Otherwise it's double standard

I blame rich mother fuckers all over the wolrd.

This shit has gone on for thousands of years and will continue on.

The who has a song with these lyrics in it

“meet the new boss same as the old boss…”

the issue is people that push and struggle hard to be a big boss are basically assholes.

american 🇺🇸

china 🇨🇳

russia 🇷🇺

england 🏴󠁧󠁢󠁥󠁮󠁧󠁿

all the leaders are mostly assholes that wanted power and fought to be a boss.

so we need to keep this in mind.

I'm simply not surprised by the OP's anti-US tone, I think I'm used to it now, and what I know is that the US will always bounce back. "Bet against the US in the long run and you regret it." China has grown nerves now, thanks to their cheap and substandard products and the poverty in the world that makes such products lucrative.

Nevertheless, what I will agree with you is that the world's order is changing, perhaps I should say, it's trying to change, but can this attempt truly effect the change? That is another question you might not be sincere about yet. I read with surprise how you seemed to give China a Kudos of the 2018 trade war. What I know as a trader myself because I follow it was that the winner of the trade war during Trump's era is the US, and it's obvious.

As for the main subject matter, what I see in the issue of Apple losing $200B so fast is my initial fear of China. China has betrayed another relationship and is merely selfish here, a backstabber, and using its economic strength that has not been held for as much as the US does to dominate. This is just an economic sabotage in which a country because others have helped you develop, you just woke up one day and wanted to take everything all to yourself.

Despite the riches of China, what contribution do they have in the world when it comes to financial aid, global research, disease control, climate change, reasonable lending, true leadership and many more? I've seen China as a country that has nothing to offer the world but only China. What happened is an attestation to it, but the anti-US mindsets will not let people see it. If it were to be China that was in the place of the US for these centuries, they would have shown their tyranny and monopoly in full to the world and would have cautioned the development of other countries because they will always want to be in control and have it all.

This is a wake-up call for the US and the US companies, they shouldn't be too trusting, leaving your country to develop another country's economy to build them strong. This news only caught the market by surprise, and as you can see, Apple's shares are recovering gradually till Friday. In all, I see this as a challenge to the US and I would rather sympathise with them than mock them.

You have shared great news, but I doubt if it is new. I mean, of course, the news is of September 9, but what I meant here is the riot between China and the US. China has banned the usage of a lot of US products and ad services in its country, like social media apps. We cannot access YouTube, WhatsApp, etc. directly. Even if they have their own search engine, I think that's Baidu.

I said in the first line that the news might be old because one of my professors told us a few days ago that China has not allowed the usage of iPhones there. That's why I thought it might be old, but maybe the ban is from way back when, but the data released yesterday about how much they lost

Well, coming back to the losses, I do not really think the US will suffocate from such losses. I mean, that's not that big, but yeah, I totally agree with your point that the US is not the only tech nation here. But sometimes I wonder if the biggest wonders, like all the domains, are mentioned by them. They knew almost everything (in some conditions) one was searching for. We are basically using their product, knowingly or unknowingly. I always wonder, as a citizen of my country, if we could make some cool innovations that would make us independent of them. But I am not a good developer, and I hope someone else will do it.

https://www.businessinsider.com/apple-200-billion-drop-sign-post-us-tech-future-near-2023-9

The biggest mistake any decision makers in any country can make these days is not realizing the World Order has already changed and to fail to adapt to the New World Order as quickly as possible.

The most obvious example in United States that is still clinging to the Old World Order, desperately trying to remain the solo hegemony in today's multi-polar world.
Of course this change didn't happen overnight, the World Order has been transitioning for many years while many have been pushing US over the edge and down to the pit. But in my opinion the last nails in that coffin were put there by the US regime itself and out of pure stupidity, specially in the previous two administrations.

For example take the trade war with China that started on January 2018. Before that the Chinese companies didn't feel threatened enough to ever bother to start R&D of high tech stuff since they could freely import them from US manufacturers. So China remained dependent on United States.
But as the US regime kept "sanctioning" China, China started going domestic. Now for example the Chinese smart phone companies are manufacturing microchips (that they used to import) domestically.

Here is the problem, this move not only creates a serious and super cheap competition in global markets against American products that can easily replace them and devastate those companies, but also it now gives China the capability to strike back which brings us to the recent "sanctions" China placed on US, restricting usage of iPhones in China. The result? Apple got dumped $200 billion in a blinking of a eye.
It doesn't stop there, we have already seen over the past year+ the worsening US recession is also hurting the Silicon Valley and the tech sector as its first and biggest victim with banks that keep on collapsing.

This signals the start of a new era where tech giants are no longer going to be American. Meanwhile tech is not the only field and China is not the only country US keeps sanctioning...