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0 sats \ 0 replies \ @Solomonsatoshi 3 Dec \ on: Welcome To The BRICS: China's Debt-Driven Growth Trap econ
How many decadent western liberal democracies can even DREAM of 5% growth?
How many of them have had a SINGLE trade surplus in the last FIFTY years?
Chinas trade surpluses have been growing EVERY year for 50 years.
The USA is TRADING WHILE INSOLVENT
Everyone knows that $36 Trillion debt will never be repaid.
USD hegemony is the only thing keeping this crony capitalism charade of Uncle Sam going- its close to collapse and a new trade payment protocol will very likely be based in the globally dominant trading nation...
CHINA - who just happen to have a CBDC already operational and specifically designed for the purpose.