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0 sats \ 10 replies \ @Solomonsatoshi 3 Sep \ parent \ on: UK pays high price to sell record 14 billion pounds of government debt econ
Interesting times for sure but if you live in a liberal western democracy and value the wealth and privilege that has delivered over the past century and more my impression is you are probably looking forward at a much less privileged, wealthy and secure position in the future.
If BRICS nations led by China are increasingly dominant in the global economy that has considerable consequences.
Many of the freedoms and 'rights' people in the west have enjoyed are only possible because of the wealth that global dominance has delivered.
The probably are opportunities for those who can play the markets in the turmoil that will unfold but most people in the west probably face a less prosperous and less privileged future.
Not really. Those BRICS shitholes don't understand thw value of bitcoin or money separated from the state. And they have their own debts too. Their gdp per capita will not reach 50% of the US in 50 years.
The rich never losses. Best way to play this is mostly still independent of your locations. Some Chinese can get rich, some Americans can get rich and both will protect their wealth very well. Most morons (irrespective of country) will loose.
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Most US GDP is composed of financialised derivatives (meaning fiat debt slavery via IMF/World Bank/SWIFT) and sales of military equipment- ie debt and death.
The BRICS now dominate production of and trade in commodities and manufactured goods.
Who comes out on top nobody can now say with certainty, but I would say it is not guaranteed to be the USA and its Jewish shadow banker puppet masters.
There are now far more Chinese millionaires (and Billionaires) created annually than US.
China leads global wealth creation and productive manufacturing technology.
USA is fucked without the strategic monopoly China has gained over rare earths and best case it would take the west 20 years to regain supplies independent of China.
Trump can bluster and bully all he likes but he is not beholden to China for the rare earths that are essential to most of the high tech US military and other manufacturing processes.
China has and will call his bluff/s.
Maybe the game is up Uncle Sam and US exceptionalism...
The world has moved on since the Berlin Wall fell and it looked like the US was the sole super power- USD is now in close to $40 Trillion debt and reaching an inflection point where the empire becomes unviable.
Why do you think Israel is so desperate to carve out a more secure position for itself while it can- soon its main military sponsor may be overwhelmed by China and its mercantile muscle combined with its growing array of tribute states.
China is building an independent empire with its own payments protocols and institutional framework to the legacy western imperialism.
It would be foolish to write of Chinas potential to come out the victor.
Bitcoin is a decent neutral hedge and likely to benefit from the turmoil of the change in the guard but as for becoming the dominant monetary system- that is a long shot given the huge importance of the role of governments and their power projection in determining the wealth of nations.
Libertarians who believe that free markets are the sole determinant are ignores the way the world always has been and is likely to remain.
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Thanks for your opinion. Come back to talk when you the gdp ppp per capita of China reaches 50% of the US.
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GDP, as I have alluded already, can be a very misleading number- if USA cannot source the rare earths that are essential to is manufacture of weapons and when such a large portion of its GDP is derived from its fiat monetary system extraordinary privilege, US GDP is highly vulnerable, and then theres the debt... these are realities now and I raise them.
You you have no credible retort or rebuttal to these facts except to demand I remain silent until some arbitrary future statistic is met.
Looks to me like you and your US exceptionalist assumptions cannot comfortably deal with the current reality let alone where current trends indicate the future might lead.
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I cannot force you to remain silent, you can blabber off all you want dude, after all, this forum is not controlled by CCP.
Just I was hoping you would talk more sense based on the gdp ppp per capita rather than picking random arbitrary figures.
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You can characterise my comments as blabber but you have not and apparently cannot refute the facts and issues I have raised.
All you do is seek to avoid them by focussing on the sole and very narrow metric of current gdp/capita and to shoot the messenger by name calling and avoidance of the issues raised.
Evidence that your assertions are based on beliefs/ideology and assumptions rather than demonstrable reasoned logic.
My key point to return to the basis of your post, is that USA and the western liberal democracies which act as tributary states to the US are facing a crisis of debt and potential insolvency due to their sustained inability to compete with the Chinese mixed economy model - and that current trends suggest the world economic and political order is changing.
The western imperialist dominance that has been in place for the best part of 500 years may be ending and a new order evolving.
Current gdp/capita figures have limited relevance to those trends...although the gdp/capita trends do support my assertions.
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To be honest, I do not have the time to educate you or read through your semi-relevant noise man. So yeah, feel free to write whatever you want. As I said, this is not a CCP censored medium.
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Again you show a complete inability to refute what you seek to dismiss as noise.
Patronising comments like 'I do not have the time to educate you' are an overt default and implied concession of defeat in terms of a contest of ideas.
They simply show you as an ideolog incapable of reasoned contest of ideas.
You might in fact feel quite at home in the CCP!