That’s right, WWII was just a fantasy along with the current military build up of Russia and China. Then again, dealing in funny money is a fantasy of itself, especially if you don’t control expenditures. The “illusion” is becoming harder to contain/control unless spending/regulations are drastically cut. Of course cutting down to the bone will create more problems too.
China is building up its Navy for Cold War II. It will be a war for raw materials and scarce resources.