The US$38 trillion national debt is mind blowing and growing rapidly. The Americans said no problem. The western media also would not talk about it, no problem. Only China has millions of problems like a trade surplus of US$1 trillion. With this kind of money, China is going to explode and collapse very soon, the Chinese economy is shrinking and all the fake pro American 'anal lysts' are offering their snake oil solutions on how to save the Chinese economy. Would they spare a moment to teach the Washington clowns on how to resolve this US$38 trillion debt? No idea?
America is already bankrupt and still wanting to spend more on wars, destabilising other countries, bringing down China and Russia, and demanding China to buy more Treasuries, ie lending America more money to bring down China! No one can see that this is not making any sense, pure nonsense. But the clowns think, if they are able to think, this is the way to go.
The wars against the world, paying for a huge armed forces, CIA covert operations, propaganda machine etc are costing the American US$1 trillion annually. Added to this financial burden, the Americans still have to pay US$1 trillion on interests to its debt. These make a big hole in the American pocket, draining two US$ trillion just like that when the money can be put for better uses to improve the lives of the Americans.
And the annual trade deficit of America is another US$2 trillion, meaning an outflow of US$4 trillion annually for nothing, not producing anything or getting anything in return to improve the American economy and the lives of Americans.
And the Washington clowns are very happy with this situation. So are the western 'anal lysts'. America has no problem at all, doing very fine. For comparison, Brazil's GDP is only US$2 trillion. And the fake fourth largest GDP of India is US$4 trillion. America just allowed US$4 trillion to slip away annually and not doing anything to stop this flow. Still very happy printing money, making weapons for wars, supplying weapons for wars in Ukraine and the Middle East.
How long can this last? How long can the Americans continue with the pretense that all is well? The collapse of the dollar and the American economy is imminent and can happen any moment. The rest of the world, especially the Global South need not worry. Alternative banking systems, currencies, are all ready when the dollar collapses under its own weight from more printing. BRICS have already rolled out all systems in anticipation of this, BRICS digital currencies, BRICS payment system, Chinese and Russian banking systems for trading using national currencies.
The Global South has never been so lucky, so well prepared for the collapse of the dollar and the American SWIFT banking system. The Global South will go on trading as per normal, outside the American system, without having to use the dollar.
3 comments:
No problem. Just print. Find buyers for its debt. Where got problem?
China has a problem. So much trade surplus. Where to put the money? Elon Musk has a problem, so much money. Jensen Huang has a problem, so much money.
I was thinking about the AI bubble and its impending collapse. Is the USA falling for the trap that I think China is setting? China is giving the semblance of competing with the USA in AI, and USA companies are pouring big money into building high-end chip factories and AI data centers to make sure it remains ahead in this sector.
One big problem now emerging though is the energy factor and this is a big problem arising for the data centers and chip manufacturing to survive. But energy generation in the USA has not kept up with demand. The cart is before the horse and cannot move forward.
In order not to confuse, China is also spending on AI, but Chinese companies like DeepSeek are spending just peanuts to compete with USA AI, that needed to pour in tens of billions to garner the same result. Who is going to bite the dust? While Chinese technology companies are attracting billions in IPOs, USA tech giants are basically moving money around in circles investing in each other in order to keep up the semblance of expanding.
What China is doing is taking a leaf from the USA when it was competing with the Soviet Union in military spending. The Soviets could not keep up against the overwhelming wealth of the USA at that time and collapsing was the final outcome. China watched and learned from mistakes and tailored its agenda accordingly. China is not pouring money into a black hole by spending blindly, trying to compete head-on in AI against the USA. It is luring the USA tech giants into a trap and bleeding them dry.
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