Classic insecure white AmeriKKKan. The US as a country behaves exactly the same on the global stage if you think about it. Maybe it is their culture.
American Economics Thread
- Thread starter Bernard
- Start date
It comes with the territory. It's the same in "Indian defence forum", India always on the cusp of becoming a superpower. Americans do the same vis-a-vis China, always saying how every Chinese innovation is just theft etc. People always cheer for their own team blindly. It's harder to find folks with a balanced view. Some of the takes here about America facing immediate bankruptcy is just total delusion.
the difference is that those beliefs are rooted in racism and insecurity, while questions about the sustainability of US finances is valid given that major financial institutions also question said sustainability.
But the number of people on this forum who believes that America is on the verge of bankruptcy is in the tiny minority compared to the other forums you mentioned the level of next level delusion aren't there.
While Americans are understably hubristic about their accomplishments while dismissive towards anything Chinese their arrogance can be understood in the context that America has and is still the strongest country in the world with a considerable margin. But what's India's claim to fame? What have they achieved in the realm of science, technology, politics, and economics that China ought to be seriously concerned with?
I find the comparison between Indians braggadocious/Jai Hind level of arrogance against some Chinese nationalists over confidence insulting.
When the number of USD in circulation doubled during the pandemic, I thought it was a problem but manageable.
But by December 2021, the number of USD had increased 5x. Consider that. In the space of 22 months, the US printed 5x the number of US dollars that were originally in existence. At a minimum, that is a serious inflation problem, which China doesn't face.
So no one really wants to hold US Dollars anymore if they can help it.
And with the Ukraine crisis, the Russians have turned the Chinese RMB into a viable currency for trading oil and also as a reserve currency.
I used to think a US Dollar crisis would be at least a decade away, but not anymore
---
In comparison, 65 million empty apartments in China could easily be absorbed and filled up given China is nowhere near fully urbanised.
Truth.
Yup, every major empire and currency that ever existed in history has either waned, collapsed or gone extinct... One doesnt have to read Ray Dalio's Changing World Order or Sir Roger Penroses Cycles of Time to come to this self evident conclusion that neither the US Empire nor its hegemony or USD as global reserve currency will last forever. To believe America is somehow exempt or exceptional is the actual "total delusion"
Its not if, but rather when, a matter of timing. At the start of 2020, right before covid, I also thought that USD had about 10 years left. Today in late summer 2022, Im giving it another 18 months at the most. The thing about these sorts of collapses is that its not linear, once it really starts going underway, it passes a threshold inflection point after which its domino chain reaction hypernova implosion style... slowly at first then all at once... and even faster if AR with TW is forced to happen prematurely...
With the Pelosi trip the status quo changed forever, it signaled total repudiation from the US side of the One China Policy that served as foundation for China US relations for last 50 years since Shanghai communique etc. A red line has been crossed and Beijings warnings ignored, it also served as litmus test that set of a tripwire that let Chinese leadership know that decoupling with US must be accelerated, that further supporting or propping up the USD and US economy is entirely to the existential detriment of China... some people, including myself, hoped "fireworks" were going to happen the momemt Pelosi landed, but rather I think accelerating the collapse of US hegemony by way of hastening the death of the dollar is a far more strategic and all encompassing response....
Last edited:
Oil price raised 50% to $5.02 then came down 22% to $3.92. They saved real money ($5.02-$3.92)??
But American motorists are now paying $3.92 instead of $2.51 (before the price rise).
Another American funny accounting.
The only commonality between India and China is population.
Yes, some nationalities but majority are not. Moderates and critical thinkers usually don't do chest thumping here.
But agreed that this forum has recently got a lot more extreme. More self-restraints are needed from members.