THey may not “take over the world”...but they sure are working hard at it.
The USD will soon no longer be the world’s reserve currency.
Lets talk when that happens.
The world is going to the Yuan?
We’re $200,000,000,000,000 debt/unfunded obligations and no reasonable successor to the dollar even exists.
No, the Euro is going to replace the USD!!!! It barely left a dent.
It’s going to take a cooperative effort of Asia, Europe and the BRICS. Similar to it taking the Vandals, Visigoths and Barbarians to topple Rome. Also, something that is not happening anytime soon.
China recently admitted that their population has dropped from 1.5 to 1.4 billion. They have lost a 100 MILLION PEOPLE.
China is in serious trouble from a demographic standpoint. As is South Korea, Italy, Japan. The problem with China is that they do not have anyone who wants to immigrate to their country. In fact, many of the Chinese are leaving. Flying to Ecuador and coming up through the Darien Gap to our southern border. This is not because they are trying to take over the US. It is because they are escaping China.
The Matthews China Fund topped out in November of 2021. It is down over 50% since then. I know. I OWN IT. I wish I did not.