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Iowa | China has their own problems. Rapidly aging population, their economy is actually in a deflationary track similar to what Japan entered in the late 80’s. And while the USA may not be the most popular country in the world, there aren’t people flocking to enter China - in other words nobody trusts them. The only people who do either have leverage against them (opec can say screw off anytime) or have what trump called “****hole countries” that most of the civilized world doesn’t trust. (Africa, Russia, Iran, Pakistan)
I’m not all rainbows and lollipops on the USA - our government is run by idiots for the last 50 years, however it’s people continue to find ways to innovate and create economic growth in spite of government. Someone posted on here last week an article on USA share of gdp, we’re at a very similar share as before, and a higher % of the g7 than 30 years ago.
The mindset of “never trust a communist” still dominates the world. The dollar may lose its status, but not to the Chinese. | |
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fall of the US dollar
