Very wrong to say the US just education debt, interest fees and brick of mud. Seriously sometimes i feel like some people on this forum act like indians towards countries they dont like. Lol. Reminds me of those anti china people whonclaim chinas economy is only low cost forced slave labour, copy cat, cheap goods, building empty ghost cities to add to GDP etc etc. Lol
We shouldn't go to that level. To say US economy is just brick mud and interests fees is just so ridiculous, since if that was the case, China wont even need to worry at all about the US and they could easily handle the US without breaking a sweat. This of course is totally false. People should remain humble and be rational/pragmatic like Chinese leaders. If most Chinese people/leaders start having the mentality i see on some people here of underestimating others and thinking they are at the top and better than everyone else , then that will be the day their decline will actually start. I didnt even expect to see such thibking this early when china is still in her development stage . At least become the undisputed number one globally before start making such remarks.
I guess we shouldn't be surprised why they say every superpower/reigning empire last about 250 years more or less on average bedore the rot and decline sets in, which makes sense as thats the time it takes for those who suffered hardships to build the country/system before their grand kids(and subsequent generation) generation who grew up only knowing in abundance take over and the arrogance/complacency starts setting in. Its only human i guess.
IMO, Looks like that the last decade the US economy is propped up more by speculative finance than real economic output. And that is why the last decade,
the FED has to intervene so much and so frequently in the markets instead of letting the bubbles like housing bubble and stock bubble to deflate, maybe because the economy may have got addicted to this speculative money, like a chronic alcoholic that cutting alcohol may kill him.
China has a series of speculative bubble, the stock market bubble in the 2015 <wipe out trillions in a week> and housing bubble in 2012-2014. They could have intervene in the stock market and buy billions of non performing assets, they decided that the money is better in other parts of the economy and the country. As these bubble deflated real China economic output has not stopped, in fact accelerated as money moved to the real economy again, a example is a company that was speculating in the real state market, they moved to semiconductors when the US put their export controls, that is less money that government need to put to save their AI-IT sector from US exports embargoes.
To be fair the US is no unique in this phenomena,
the entire West is infected with this after the 2008 financial crisis, instead of letting
price discovery to do its job, they started massive and never ending stimulus that has lead the everything bubble that has been growing and growing, while the real economy slowing or stagnating.
