The problems aren’t Muslims or Russia. It is about trade above all.
Here on board is a discussion about that China is about to stop importing US microchips because they got theirs.
People are seriously suggesting to put pressure on other countries to prevent their trade with China as one point and another point ‘US has a buying power above all’.
How silly is that?
The United States is now the most powerful country but it has fewer and fewer to offer to the rest of the World except US dollar and military power.
And let’s think for one moment what is behind it?
Behind US dollar is enormous debt and not that much else.
What US has to trade with? It is exporting corn and soybeans and scrap metal to China. US automakers flopped abroad because even Romania makes better cars nowadays. Boeing is working hard to follow. Most of traditional US brands are making stuff abroad with all the technical data in possession of immediate manufacturers.
What’s behind US dollar? It seems more like arrogance and a ‘buying power’ of a credit card maxed out at $23 trillion.
It would crash and burn the moment the rest would stop tolerate arrogance.
What’s behind US dollar? It seems more like arrogance and a ‘buying power’ of a credit card maxed out at $23 trillion.
It would crash and burn the moment the rest would stop tolerate arrogance.
1. The humongous size of the Free Sh!t Army. If you cut them off, the cities (& suburbs) will burn.
2. The Fed can now seemingly create unlimited $$ out of think air while keeping inflation low and interest rates near zero. This makes it possible for debt to rise to infinity.
3. Everyone does it. All Western countries (except maybe Germany) have a huge debt problem and addiction. As that goes, Japan is worse than us. China is probably pretty bad too, but masks it.
At some point, the chickens may come home to roost and the System may reset. That will be very messy and the Powers-that-Be will do everything they can to delay that Day of Reckoning. I’m not that young anymore so I could well die before that Day arrives.
The other thing is that solving the Debt problem would require both long term thinking, sacrifice (on everyone’s part) and true bipartisanship. In the current environment, there is no desire for ANY of that. So just expect more bandaids whenever the wound beings to bleed.