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0 sats \ 0 replies \ @Solomonsatoshi OP 2 May \ parent \ on: Why the US will lose against China - Martin Wolf econ
Do you have any credible reasoned arguments to support that assertion?
Silence!
Read what others think- #969700
There is considerable and widespread denial of reality in the USA and its US exceptionalism delusions.
The US is facing imminent insolvency after 7 decades of trade deficits and accumulating $37T debt which is now costing $1T just to service.
Nobody wants or trusts USTs anymore...and $8T has to be refinanced between now and Christmas.
With interest rates having doubled since 2022 that spells - INSOLVENCY.
Just study this graph and sober up-
https://unctad.org/topic/trade-analysis/chart-10-may-2021