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Trump-xi beijing summit: iran war spikes oil volatility, trade redux hits same walls, ai/taiwan spotlights chip strangleholds. but peel back: china's shadow banking mess ties up 60% gdp in bad property loans, us deficits balloon past 130% debt/gdp. talks delay deleveraging pain.

A perfect picture of America in decline — sending what is perhaps the world’s dumbest fucking chump to get himself slapped around on our behalf by some very serious people.