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Moving at a High Speed toward an Economic Abyssmises.org/mises-wire/moving-high-speed-toward-economic-abyss
86 sats \ 2 comments \ @Undisciplined 9h econ
By George Ford Smith
As the US economy slowly deteriorates, the government’s response is to intervene and to inflate. This does not end well.
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China has won the trade war. The USD exceptional privilege is about to expire. There are few options remaining but to try to keep the boat afloat a little longer. Man the life rafts. Buy gold or bitcoin.
Trump understands this even while most Americans still don't.
USA cannot fight a sustained war of any magnitude without secure supply of rare earths and it does not have that for a decade at least.
The Empire is on its knees...begging for rare earths supply for another 6 - 12 months but that supply now granted explicitly excludes any supply destined to go toward military purposes. China will achieve 3 nm microchips within 6 - 12 months. Game over Uncle Sam.
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