Not to worry. Everything can be built. Rare earth processing, energy generation logistics like nuclear power stations and dams, Rolls Royce chips can all be built and best of all, free printing of money, will make sure the USA will be at the forefront forever. It is only a question of time and hope that China and others stand still and do not move further ahead.
China is blessed with forward thinking leaders in securing energy sufficiency, rare earth control, but disadvantaged by lacking the money printing expertise. But that is also not an issue for China to worry about going forward. The Chinese yuan is now in focus with trade within BRICS providing the demand. Countries are now also borrowing more in Yuan, no more always the USA which is very expensive versus the Yuan.
That is another reason why the US$ is no longer in demand, which is why it is losing value day by day. The USA thought it can just keep printing the problem away, with the rest of the world continuing to be blinded by propaganda. It is deemed as simple as that by some experts proclaiming that the US$ will not ever lose its global reserve currency status.
This proclamation holds true on the proviso that the rest of the world keeps buying and keeping the US$ as their reserves, which is undoubtedly not going according to plan.
Of course, we cannot argue with all the experts like Gordon Chang, Howard Lutnick and Scott Bessent. Their credentials will bury our thinking with the MSM giving all the support they need. Not based on past achievements though but based on their status being used for silencing the lambs.
Anonymous
Trump now wants to sue Jerone Powell for incompetence. It is all based on 'out of this world' accusations about excess renovation cost carried out at the Fed Building. Trump does not bother seeing himself in the mirror over his own unnecessary renovation fiasco at the White House Rose Garden. He just wants to tear it down to demolish all credits due to others, in order to build something else under his name for immortality.
ReplyDeleteHow about the fiasco regarding Trump adding his name to the Kennedy Center, calling it Trump Kennedy Center, to overshadow Democrat John F. Kennedy's iconic center built in his memory. A concert at the Center on New Year's Eve was cancelled due to Trump's name being added, which really makes me laugh out loud. Trump has no shame of course, knowing that the cancellation was just the Democrats and others giving him a tight slap over his arrogance. Trump, of course, is too stupid to realize the hatred he is igniting.
Talking about incompetence, who else can outshine Trump? His six bankruptcies alone will outshine any previous USA President's legacy, and you cannot find anybody in the whole Universe to do worse than Trump. What about all his failures over trade wars, tariffs and now facing serious headwinds in the AI war against China? His trade war against China decimated farmers in the whole USA. His tariff war is backfiring with countries in and outside of BRICS just showing a middle finger to Trump by ignoring his call to kiss his arsehole in Washington. So much so he has to resort to issuing extortion letters to countries not wishing to go to Washington. Even with that extortion bid, countries are ignoring those extortion letters, using them for dog poo, LOL. They know that de-dollarization is working out, and no more do they fear sanctions against them when an alternative exists.