The next five years will be most crucial... tech independence means everything... without that China doesnt climb out of Middle Income trap and will regress to a Mexico or India... Bannon was right about one thing, at the end of the day only one system can win and its winner takes all
No kidding. I was browsing the book Ten Lessons for a Post-Pandamic World, by Fareed Zakaria in a local bookstore recently. I was struck by one assertion quoted by the author in a chapter aiming to boost the optimism of American people, which stated that based on the respective growth rates of the US and China in 2019, China will not surpass the US before 2050!
The book was written in 2020.
No kidding. I was browsing the book Ten Lessons for a Post-Pandamic World, by Fareed Zakaria in a local bookstore recently. I was struck by one assertion quoted by the author in a chapter aiming to boost the optimism of American people, which stated that based on the respective growth rates of the US and China in 2019, China will not surpass the US before 2050!
The book was written in 2020.
Well the US gets to deflect the costs of printing money onto other nations. That's the benefit you get of having the world's reserve currency. However things will eventually bite. Treasury bonds will become less valuable, other reserve currencies become more enticing, and USA becomes overleveraged. There will be capital outflows, or at least other destinations like China become more valuable as an investment location. China needs to increase yuan reserve currency flows while not allowing it to become manipulated by Soros types.Not at the rate they are printing money.
I wrote about this in my analysis that COVID was leveraged for the 5G war... the short of it goes like this, back in mid 2019 the Federal Reserve knew the jig was up and the repo and other markets were going inverted... by COINCIDENCE, (based on Nathan Rich hypothesis that the original variant of COVID was actually 'leaked' from Fort Detrick then blamed by vaping then covered up with unprecedented flu deaths etc) the pandemic happened that ushered in the Great Reset... this was the PRETEXT the US needed to start printing mountains of trillions under the guise of an emergency pandemic and the world went along with it (otherwise if the US started printing this much doing normal times people would all freak out and know something was up)... and basically this was in essence the US fleecing the world with impunity.... the greatest monetary heist/usurpation/theft in the history of mankind happened right before our eyes....Well the US gets to deflect the costs of printing money onto other nations. That's the benefit you get of having the world's reserve currency. However things will eventually bite. Treasury bonds will become less valuable, other reserve currencies become more enticing, and USA becomes overleveraged. There will be capital outflows, or at least other destinations like China become more valuable as an investment location. China needs to increase yuan reserve currency flows while not allowing it to become manipulated by Soros types.
Infrastructure investment only works when it is needed. Idk US can gain much from it. It's like that Cali high speed rail which costs $100 billion for like a few hundred miles.This is key for the American economy. Government led investment in infrastructure and domestic workers.
If sustained, and if successful it will erase the entire Trump movement as blue color workers get good paying union jobs in building infrastructure, 5G, charging stations, etc etc....
American political system is flexible, and probably realizes that this is what’s needed to prevent Trumpism from taking hold.
This is key for the American economy. Government led investment in infrastructure and domestic workers.
If sustained, and if successful it will erase the entire Trump movement as blue color workers get good paying union jobs in building infrastructure, 5G, charging stations, etc etc....
American political system is flexible, and probably realizes that this is what’s needed to prevent Trumpism from taking hold.