NGL I would love to see them debate. Obama had a sharp wit.
Correct, this is not a win win scenario (as the Bretton Woods arrangement arguably was with the US trading manufacturing power to its trading partners for hegemony & financial power for itself). It is a win lose scenario as the US’s “partners” would tank all the losses while the US takes all the winsYeah Trump’s chief economic advisor Stephen Moran wrote a white paper with this theory. This plan is so short-sighted. Even if every nation agrees to this deal, those nations will have to place even more austerity measures and de-industrialization onto their populace causing even more anger and unrest than there is now. But now, all that anger and resentment will be targeted at the US. And that's before we get to the fact that most of the western allied world has had a stagnant GDP for the past 15+ years. Their economies are at a tipping point, and Trump's plan is just going to accelerate their downfall while propping up their dying empire.
It also assumes that there will be no resistance from other nations. Basically it gives no room
For failure. It’s similarly like those crypto scams peddled by fake gurus. This is a major gamble and if it fails it will lead to catastrophic consequences for the US.
Trump could always attempt to serve more than 2x terms. The 22nd amendment only bars him from being elected president again, not from serving as president.
Those are fighting words!Sorry bro for me its Thailand.
Funny thing the more you acquiesce to American demands ,the more you get punished.A lot of countries are feeling disappointed by the U.S. right now. China should step up and offer a better economic deal to the world. Since China runs a big trade surplus overall and will have to reflate the domestic economy to boost aggregate demand lost due to tariffs, in the short run it can do this by increasing investment abroad in friendly countries. In the long run, China should move to a more balanced trade accounting that has roughly equal imports and exports, with imports coming from friendly countries. In exchange for helping other countries economically, China should require integration into Chinese digital networks, or at least explusion of U.S. ones, and abstention from entering into defense pacts with the U.S.
In my view, China's historic position was "We are just going to mind our own business and we don't take sides", but that is not feasible anymore since the world's #1 power has declared China an enemy. China is in the same position the U.S. was in in 1940-41. Even if China doesn't want to fight a new Cold War, a new Cold War has been brought to its doorstep. Every other country, such as Japan, the Philippinnes, India, and so on are much lesser threats to China than the U.S. is. China has to awaken that it now lives in a world of geopolitics and it should participate more actively in building up BRICS as an alternative, multipolar trade, investment & technology bloc that is more reliable than the U.S.