The USA is looking for ways to unload its US$38 trillion debt to unsuspecting countries, using, according to sources, crypto currencies to con the rest of the world. How is that meaningful when it is spending like drunken sailors and accumulating debts more ferociously year after year. The accelerating decline in the US$ usage in international trade is telling. The USA now has no intelligence about how much trade is going on among BRICS countries and in what sectors that are done outside the US$. Trade between China and Russia is totally outside the US$. Trade between Iran and China is more like barter, with oil for infrastructures. Oil from Saudi Arabia is done in Yuan. These are not small potato deals. These are eating into the US$ hegemony, slowly and decisively.
When a push comes to a shove, countries will find alternatives. This is the law of nature and is the reason why they say the Wheel of Fortune is not static and that fortune only favors one particular country. Progress is not the sole prerogative of the USA and the Anglo-Saxon Whites. It is a universal ideal, and China is helping poor countries rise up the economic ladder. It is a win-win agenda for China and those poor countries. Only when the poorer countries rise will they be able to engage in more trade with China. Rational, realistic and infallible.
Anonymous
3 comments:
Just printing more money will allow the USA to remain in ICU for eternity, or so they think. With its US$38 trillion debt, how is the USA able to exit its ICU bed. USA Treasury sales have struck a brick wall. Manufacturing is not coming back to the USA in droves, just trickles, with those tariffs making it worse.
Yet the stock market is at 'all time highs' every now and then, with insiders making billions using their knowledge inside Trump's circle, even his own son. Moreover, some are saying that the seven tech conglomerates in the USA are just pushing money around hyping on AI, investing in each other to give a semblance of a rosy economy
China is well and truly decoupling from the USA. China is doing more trade with the Global South countries and de-dollarization is discreetly picking up steam. The USA is now paranoid about using the word 'decoupling', using 'derisking' instead. It is just to avoid pushing the same stink that punishes the USA more than China. Just calling shit by any other name smell just as bad.
If the USA stock market crash, it will bring down the hedge funds, pension funds and the banks. A revolution will ensue. That is why Wall Street is not allowed to crash. On the contrary, the balloon is being blown up bigger and bigger.
Incestuous investing, with big companies investing in each other is ongoing. When the music stops, someone is going to be left without a chair to sit on.
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