The decline of the American Empire is never more vivid than what is happening to its once huge economy. It was the biggest manufacturers of cars but wiped out by the Japanese. Now almost all the obsolete cars of Ford, GM and Chrysler are Made In China, and about to close and move out with sales disappearing, made irrelevant by China's EVs. The semiconductor industries were exported and only chip designing left standing. The Americans have a 5 year lead just recently but within 2 years, China has caught up and now running ahead with photonic and quantum chip technology leading the Americans. What is so great about 3nm, 1nm chips?
What else is left of America's great export and big income earners? Boeing is crippled and nursing its wound after the failure of Super Max, the killer machine. Who would dare to buy Boeing as a passenger airliner? China, America's biggest buyer of commercial aircraft is buying French Airbus and also making its own. The days of Boeing is also coming to an end.
Oh, there is still the sports shoes like Nike and iPhones. How long would they last? Nike is no longer Made In America, anywhere except America. And the iPhones days are limited when the industry is hitting saturation point in everything, mobile phone tech, sales, etc all reaching diminishing return. Further, Chinese mobile phones are getting better and cheaper and gaining market share. The iPhones would soon join the Motorolas and Nokias, abandoned and forgotten.
And yes, there is the great war industry for the country that makes war its main business. The more wars the Americans created, the more wars fester, the better the war business. But the world is getting wiser. Who wants to go to war except for the bloodthirsty savages and the deranged mobsters? Ukraine could be the last war on earth though the Americans are working very hard to set up another war in Taiwan. Would the Chinese allow this to happen, to die fighting all because of the American's provocation? Africa, the Middle East, Asia, SE Asia and Latin America and the rest of the world are as peaceful as you can get for once. Except for Sudan and Algeria, the African continent has never enjoy so much peace. So is the Middle East with the exception of the pogrom in Gaza in the Palestine and the American invaders in Syria.
When there is world peace, the American war industry will go out of business. They are fortunate to have the Europeans so willing to fight and die in Ukraine, wasting their valuable resources and funds, and diverting attention from their economies. Good for the American war industry to have one last go at manufacturing more weapons to blow up in Ukraine. The world should wish the Ukrainians and Europeans well on this last war. Keep it going, just keep it in Europe.
But there is still one big export item that is still alive, but not for long. The biggest export item that is supporting the American economy, other than the war industry, is the sale of the greenback. The Americans have been the biggest exporter of this monopoly money for 6 decades, selling pieces of paper for real money. They could have continue to enjoy exporting these toilet papers for many more years to come if not because of their own stupidity. No matter who or what China and Russia could not, they could not change the special position the American dollar has in the world economy. There is no way to discredit the dollar and bring it down, except...
Only with the help and assistance of stupid and traitorous Americans can the dollar be destroyed. Yes, the jokers in Washington and the White House did it. They have destroyed the credibility and reliability of the dollar completely. Thank goodness, this is a path of no return. And an alternative has been found and will be launched in a few months to drive the final nail into the coffin of the American dollar for good.
The biggest and greatest American export, the greenback, is going to be flushed down the sewers and the end of the evil American Empire will be done with, without firing a shot. This is a war that the Americans have been blindsided, did not see it coming, did not think it will come. But it is coming.
The latest I heard was that Chinese car makers are taking over the spaces left by USA, European and Japanese car makers in Russia. Chinese car makers are now among the top sellers of cars in Russia. And that is not the only business that the Chinese and others are enjoying taking over after the USA, European and Japanese companies have left vacant. After decades of building up a market, all that is gone for them, wasted effort and investment losses.
ReplyDeleteEven Russians themselves have taken over the fast food businesses left by MacDonalds and others, and are enjoying a ready market of hungry Russians going for fast food unabated.
I am apt to agree that China benefits quite substantially with the onset of the Ukraine War and the sanctions imposed by the USA and its allies. The departure of those businesses from Russia did not collapse the Russian economy, as others are perfectly capable of taking over. What these businesses have done by moving out of Russia is cutting their noses to spite their faces. Returning to Russia and trying to rebuild a market lost to China and others is out of the question going forward.
China, India and Saudi Arabia are already benefiting from the energy business, buying highly discounted oil from Russia and reselling them at huge profits to the EU. Who are the fall guys today, blindly following Satan in Ukraine and suffering at the expense of helping Satan confront Russia? Stupidity honestly has no cure.
Saudi Arabia in talks to join China-based ‘Brics bank’
ReplyDeleteThe New Development Bank, the Shanghai-based lender better known as the “Brics bank”, is in talks with Saudi Arabia on admitting the country as its ninth member, a move that would strengthen its funding options as founding shareholder Russia struggles under the impact of sanctions.
The addition of the kingdom would reinforce ties between the bank, which was established by the world’s biggest developing economies as an alternative to western-led Bretton Woods institutions, and the world’s second-largest oil producer.
“In the Middle East, we attach great importance to the Kingdom of Saudi Arabia and are currently engaged in a qualified dialogue with them,” the New Development Bank told the Financial Times in a statement.'
Link to article:
https://www.ft.com/content/45abe561-a6cc-4058-b0a1-ecdc46a2d839
USA militaries hardwares would also be going down hill. F22 fighter jets were out of productions compared to J20 China fighters jets accelerating production. Many countries are begging China to sell J20 to them as they are not satisfied with F35 and F16 fighters, which were manufacture decades ago using 3g and 4g technologies are slow and obsolete. France fighter jets are even more versatile anytime. USA even can't cope in repairing their navy battleships, and slow in building new ship. China have ample capability and capacities to build more new ships. Saudi Arabia had ask China to sell 12 destroyers knowing China prowess and definitely can deliver. Unfortunately, Taiwan still await for their F16Vs and many equipment's from USA. Despite paying up front , the delivery date had lapsed.
ReplyDelete'America is good at one thing, outsourcing jobs and importing labor. This is what has crushed the middle class in America and given rise to the Uber Rich.' RebelRand RT
ReplyDeleteFamiliar?
It is not that the Americans cannot deliver, but thinking twice in case they all fall into PRC's hands when Taiwan reunite with China. So the Americans just take the money and do nothing. After all the stupid DPP government is well known for throwing money to everyone to buy lip service.
ReplyDeleteUSA always gave excuses for not able to deliver. Excuses upon excuses, already uncountable . No need to waste time to verify already. Himars, patriot, etc fail to perform. Now obsolete F16 would also fail in Ukraine. Nobodies would want USA equipment anymore even touch them with a 10 ft stick.
ReplyDeleteThe Americans had a free ride on the back of the rest of the world by selling toilet papers as money and prospered with the lazy average Americans partying everyday and eating steak every meal without having to work. While the rest of the world worked their guts out, 6 days a week, the Americans work one day rest one day and go on holidays and touring the world.
ReplyDeleteAltogether the Americans printed at least $7 trillion dollars of monopoly money scattered all over the world with many governments and banks keeping them as treasures. These toilet papers are going turn into toilet papers as that's what they are and be flushed down the toilet bowls.
This day is coming when the governments and banks realise that they have been cheated all along.
Worked one month and summer, spring, autumn and winter holidays all round travelling round the globe with their Daylights Robberies Schemes. Lazy for one year or so before on the jobs again.
DeleteOr alternatively to the gyms to build their beefcake muscles to wallop the weak.
Now Whats nonsense professions as influencers, fake.consultants and you tubers.
What's parasitic lifestyles they and the new generations lead now.
All on part time, free lance and contract gig workers so as to enjoy their lazy what's balanced lifrstyles.
France's shipping giant, CMA CGM, is said to be building 16 large container ships in Chinese shipyards worth a total of 22 billion Yuan or US$3.2 billion. This was reported to be the biggest ship order ever given to Chinese shipbuilders.
ReplyDeleteThe usual titans in shipbuilding in Japan and South Korea were left in the lurch. They were probably outcompeted on price, earlier delivery dates and most of all the realisation that Chinese shipyards are capable of doing as good a job as anyone else.
This clearly shows that China is also rising in status among the world's shipbuilding nation. Will China conquer the shipbuilding market going forward? I would not bet against it. China now is already well regarded in high speed railway construction, infrastructure developments, space exploration programs, satellite navigation systems, telecommunication systems and electric vehicles. Adding shipbuilding and airplane construction to its achievements, it is on par with any other industrial nation on earth. And it will outcompete them in every category going forward.
That is one trait that TSMC found out too late. USA workers are lazy and demanding, while Taiwanese workers are hardworking. So, Taiwanese workers found it difficult to work with USA workers, that demands short working hours and better pay than the Taiwanese. They also do not want round the clock shift work, so how could things work smoothly. Figure it out!
ReplyDeleteNever mind, don't work also can. USA Government will printing fiat money and throw them out of helicopters. So simple solution. Being used to it, this is what they expect.
ReplyDeleteDemand is the ‘culprit’ with China’s factories facing ‘downward spiral’
ReplyDeleteThe risk of a “downward spiral” in China’s manufacturing sector is becoming a real possibility, analysts say, with weak demand “the culprit” for factory activity contracting further in May to the lowest level since the end of last year.
The official manufacturing purchasing managers’ index (PMI) fell to 48.8 in May, down from 49.2 in April, the National Bureau of Statistics (NBS) announced on Wednesday, reaching the lowest level since dropping to 47 in December. The 50-mark separates growth from contraction on a monthly basis.
Within the official manufacturing PMI, the new-orders subindex fell to 48.3 in May from 48.8 in April, while the new-export-orders subindex fell to 47.2 from 47.6.
The official non-manufacturing PMI, which measures business sentiment in the services and construction sectors, continued to grow but expanded at the slowest pace in four months after falling to 54.5 in May from 56.4 in April.
The official PMIs disappointed the markets again in May Nomura
“The official PMIs disappointed the markets again in May. The sharper contraction in the manufacturing PMI suggests that the risk of a downward spiral, especially in the manufacturing sector, is becoming more real,” said analysts from Japanese investment bank Nomura.
India records strong 7.2% annual growth, data shows
ReplyDeleteIndia’s economy grew by 7.2 per cent in the year to March, official figures showed on Wednesday.
It was boosted by a robust services sector and domestic consumption.
The earlier estimate was for a growth of 7 per cent.
India’s economy expanded 9.1 per cent in 2021/22.
In the fourth fiscal quarter from January to March, the world’s fifth-largest economy grew by 6.1 per cent compared to the same period last year, according to the data released by the National Statistical Office.
Asia’s third-largest economy expanded faster than the forecast of 5 per cent by economists in a Reuters poll in the last quarter of the fiscal year 2022/23 ending in March, up from a revised 4.5 per cent in the previous quarter, government data showed on Wednesday.
A fall in food, crude oil and raw material prices boosted demand for services such as air travel and manufactured items like cars and mobile phones.
Economists, however, warn that a global slowdown and volatility in financial markets pose a risk to exports and the growth outlook in coming quarters.
In the March quarter, India’s manufacturing sector output rose 4.5 per cent year-on-year, compared to a 1.1 per cent contraction in the previous quarter. Farm output was up 5.5 per cent compared to a 3.7 per cent growth in the same period.
US workers do not want to work like slaves. They like to do service jobs. There are tipping culture there. Customers need to pay up to 25% tipping the waiters. My friend bought an ice cream for $5 dollars and was asked for $1 dollar tip in LA. With this type of pay who wants to work hard as an engineer.
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