I can't document this 'warm war' because it's my own impression of how things are shaping up. I'm a patriotic American but I think it's a good thing that many nations who were formerly under our thumb are breaking loose. Freedom is good wherever it's found. What do you guys think?
I believe that those who are controlling our government are in favor of the United States taking several steps backward, allowing China to step forward. With the Chinese in control, they will no longer have to keep up the pretense of honoring a Democratic-Republican constitution.
Mostly I agree. China has shown it's intentions that the world consider it the world leader. Practically though, I think Russia will assume more of a leadership role than China among the non-EU, Non-British Commonwealth, third world countries, I don't know if a multi-polar world would be safer and more prosperous than one in which the USA is top dog. I hope I live long enough to see how it turns out.
BRICS and over forty emerging markets have been gaining ground because of the Triffin dilemma: the country that holds the reserve currency eventually experiences deficits and increasing debt. The possible reason: if your money is the global reserve currency then it has to be very strong. That means what you want to buy from other countries will be cheap but what you want to sell will be costly. Eventually, you face chronic trade deficits and low growth, and to make up for that you take on more debt. In time, these other countries become stronger because they have to save, and the only other direction they can go is up. Later, they'll start talking about SDRs and a basket of currencies.
Totally agree, China is buying up good croplands and water all over Africa and most important in our backyard. The largest aquifer in the world is in these nations. https://www.bing.com/ck/a?!&&p=eb57...GVkaWEub3JnL3dpa2kvR3VhcmFuaV9BcXVpZmVy&ntb=1
Years ago,Bush Jr, bought up a large portion of land over this aquifer in Paraguay. https://www.bing.com/ck/a?!&&p=bd05...2N0LzIzL21haW5zZWN0aW9uLnRvbXBoaWxsaXBz&ntb=1
This was paraphrased from a TV News show called Inside China. I'm not knowledgeable about the WEF or globalization, but this is what I got out of the show. I believe this all came out of a WEF conference. This is what I interpreted the moderator as saying; I was recently asked about the World Economic Forum (WEF) and how it's similar to or different from the Chinese Communist party and of course we know the World Economic Forum is the brain behind this Global globalist government agenda or system rooted in the leftist agenda and that is the evolution of Communism socialism. Chinese leader Xi Jinping his grand plan to create a so-called community of common Destiny. To control 1.4 billion people in the entire country using censorship and surveillance as it is currently hundreds of millions of cameras watch over people ( surveillance) and facial recognition ( identify). WEF in a published opinion article talks about creating a comprehensive global censorship tool utilising methods of the Chinese Communist Party. Cybersecurity experts of the Chinese Communist Party proposes combining powerful A1 Network with input from Human intelligence data to track and to preemptively stop certain content from circulating online that has to do with cases of sensitive topics or material.
They sold America to China like they did Africa and other resourced land masses around the world. Nothing anyone can do at this stage. We just try to prepare for much as we can to survive as long as we can, with as little pain as possible. I worry most about the younger generation, especially my family. I don't see us or anyone else stopping this train wreck. Its world wide.
U.S. economic growth started slowing down after the early 1960s, chronic trade deficits started during the early 1970s, and debts started to rise across the board during the early 1980s. These are all of the effects of a Triffin Dilemma (where the dollar is used as a global reserve currency) coupled with late capitalism: a transfer from agriculture to manufacturing to services, with manufacturing outsourced and agriculture mechanized, exports becoming more expensive and imports cheaper, and increasing credit created in order to support increasing spending. https://seekingalpha.com/article/164163-krugman-and-the-pied-pipers-of-debt
It actually may have started long before the 1960s. Once we turned our financial system over to a foreign nation, we started spirally downhill. We were warned about this very thing by the founders. https://www.bing.com/ck/a?!&&p=db7d...pLWZlZC1jb25zcGlyYWN5LXRoZW9yeS1iaWJsZQ&ntb=1
In a way its one of those ' echo is John Galt' kind of things but much more. They sold off our maunufactorign, sent our factories to third world nations and imported back to us, We don't even make our prescription drugs anymore, our enemy China makes them and much of our products.
It will stop itself when the next major depression starts. Hard to fight major wars when your broke and hungry. Even now half the male population of America won't show if needed no matter who the enemy. Few people really understand what depression really is, there will be no money to pay for the most modest citizen comforts.
Saying all I have about the things I didn't like about Trump I'd still vote for him over any of the ones running. I think he learned a great lesson about inviting in family members to join his presidency.
What data indicators should I consider? I only looked at economic growth, balance of trade, and total debt as a pct. of GDP. I think before the 1960s, the U.S. was tops overall, as it has the largest manufacturing base and essentially intact after the war, a quarter of world oil production, and probably most of the gold as others desperately rebuilt their economies after WW2. Interestingly enough, its financial sector took off only after its debt levels started rising.
What we are seeing now is nothing compared to what will occur when the dollar crashes. I just read recently that China had planned on crashing the dollar by 2050, but with the sanctions placed on Russia, worldwide support for the crash of the dollar AND the Euro has grown dramatically, and China/Russia now plan to do away with the dollar by 2025. Not that far away... They now already developed a replacement for the Swift System. I think the West set up their own suicide when they took the measures they did against Russia. Sanctions have always been the weapon of choice, but now that weapon is gone and can never be used again. Nations around the world are arming up and developing alliances. All we need now is the "Franz Ferdinand Moment" and the world will be ablaze. Did you see that Ukraine tried to assassinate the second-in-command of the Russian military and failed????? Reportedly, Washington tried to stop them but Ukraine ignored the U.S.