It seems like the American nominal GDP is on track to be at least twice China's size in the coming years.
Their people sure are loving it!
I think we’re heading for a mass revolt soon after these new Trump tariffs and sanctions against China 2.0 roll out.
It’s like they’re doubling down on squeezing people even more as if the existing neo-feudal rent-seeking and indirect tax of excessive government money printing weren’t bad enough.
Now, they’re going after the most deflationary part of the economy for reasons that only they seem to understand.
By targeting consumers’ brightest economic relief point in recent years, all in the name of dreams like "reshoring" and "domestic manufacturing," they’re chasing goals that won’t materialize in a 30-year timeline if they’re even achievable at all.
What these sanctions will likely achieve, though, is accelerating unrest, and civil conflict. But hey, that’s how you get that magical 2% inflation on paper that macro bros talk about, right?
So, after this next round of Trump-induced price hikes, even the most corrupt government agencies will have trouble cooking the books to hide the reality with creative accounting tricks.
Honestly, the US is starting to look like the USSR, an economy built on inferior domestic products, runaway inflation, and a situation where only the wealthy can access higher-quality imports from China.
Let’s face it: there’s no real competition for China. Even with tariffs and relocation driving up prices, no one comes close to matching the value and affordability of Chinese goods right now.
These American elites seem to forget that these products were the only reason their entire house of cards didn’t collapse the moment the oligarchization and financialization of the economy kicked off decades ago. Now, they’re about to face the consequences!