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50 sats \ 1 reply \ @Dash_1971 2h \ parent \ on: The Economics of Dating that Ruined a Generation econ
Thank you for the thoughtful response. I will think over what you wrote for a while. I suspect that the US saw China as Japan 2.0 when they allowed them in the WTO or whatever Nixon did. I.e. produce cheap goods for the US market to help keep a lid on inflation back home knowing China would have no choice but to cycle their surplus back into USTs anyway so effectively a vassal state paying tribute via the petrodollar system. And that's because of the deal with the Saudis of course and anyone who wants energy needs to pay in dollars, and I strongly suspect a nuclear armed Israel in the region strongly helps with keeping the Saudis honest in keeping up their end of the bargain. And, yes. I get Jewish control of the USG and international finance. So Israeli interests benefit from the "security arrangement" part of the petrodollar deal but also at the money laundering stage as Saudi billionaire princes manage their fortunes through London and New York. So that's a lot of incentives for a lot of powerful and influential interests to maintain the status quo.
At the same time I hear your point about China doing a good job to maintain its sovereignty. It's certainly done that with tech and done a great job to protect its own domestic players and keep the US Big Tech firms/ CIA out of running their psyops in China. Japan, in contrast, has globohomo and other US propaganda pumped through Twitter/Instagram/Facebook/YouTube to their citizenry 24/7.
But, it's all about the currency, right? That and energy security. I get that China is aligned with Iran and Russia and as those two are energy exporters there is a shot there to create an alternative energy/currency network. But, again, back to the US armed forced and Israel and bombing of Iran, the Ukraine war, etc., and we can see that the US and Israel are not going to allow other mobs to freely trade energy (in currencies other than the USD) in areas their missiles can reach (i.e. anywhere).
And, yes, I do think stablecoins are a huge factor here. The world wants digital dollars, that much is clear now. Embracing Tether is a really smart move. UST could dollarize the entire globe bottom up as everyone with a smart phone from the Manilla to Buenos Aires has their life savings in dollars in a wallet that can't be surveiled or seized (without the cooperation of the US regime). And, sure, they take a 10% haircut YoY through debasement but they don't know that and anyway it beats whatever local fiat shitcoin they would otherwise have to use. (Or worse, I read that Turks "save" by buying white goods i.e. refrigerators). I think stablecoins could indirectly fund (via exporting inflation to 8 billion people) the US empire for another 100 years.
But, there are a lot of potential surprises too. 1000 dollars of drone swarms blowing up billion USD carriers, for example. That is why the Ukraine conflict is such a big deal. It's the major powers experimenting with all of the new tech.
We are certainly living in "interesting times". It's why I like your posts. You seem very aware of what's at stake here.
But as for taking down the US/Israel... Let's just say I certainly don't have the heart for that fight. Do the Chinese really know what they're getting into? As they say, if you go at the king, you'd best not miss....
China definitely understands what is at stake.
They learned that through The Opium Wars and the following 100 years of humiliation.
Are they capable of confronting the Jewish/US hegemony successfully?
Probably.
China, The Yellow Peril has always worried western Imperialists- because it is so big, culturally deep and alien.
No western imperialist could ever completely subjugate China- they all took (death by a thousand) pieces of it from their multiple concessions around the edges, but China itself was simply too big and deep to completely enslave/kill.
Japan made the best and most brutal effort but still the Nationalists hid out in Chongqing (supported by the British via Myanmar) and the CCP built up its own resistance in the North. So after the H bombs were dropped and the CCP took power the Nationalists fled to Taiwan with the gold- not the outcome the US/Britain expected.
China has made no secret of its objection to the USD hegemony over trade payments via SWIFT, backed by US military.
China has been building its alternative trade payments protocols and channels.
Since the return of Hong Kong this has become much more viable.
China is reverse engineering the monetary hegemony that was imposed upon it via British Navy and banks, via Hong Kong.
Chinas CBDC is already operational as are mBridge and CIPS.
Trial CBDC trade payments protocols have been developed in partnership with China/Hong Kong, Thailand and UAE.
mBridge is the wider application of this alternative to SWIFT.
The Saudis have now joined mBridge and BRICS.
China already provides Iran and Russia with trade payments routing outside of SWIFT/USD and the US dares not sanction this.
It is only due to Chinas ability to provide independent trade payments to Russia and Iran that they can and have challenged US military positions in Ukraine and Middle East.
China, like the Jewish bankers have done for centuries is using military proxies.
China can do this because unlike Israel it dominates global supply chains.
It can buy Iranian and Russian oil and gas and provide them with a near full array of manufactured goods required to support their economies and war machines.
All nations now need to trade with China or suffer lower commodity exports prices and higher imported manufactured goods costs...and potentially lose supply of strategically vital supply chains, like rare earths.
The US military industrial banking combine cannot fight a war of any duration without rare earths.
Trump can apply strategies like using stablecoins to prop up the dollar, but the technological, productivity and trade advantage is still heavily in favour of China.
The nature of war is changing as you pointed out with technology like drones capable of destroying billion dollar aircraft carriers and destroyers...and China is strongly in the lead in terms of building both shipping and drones. Both, especially drones, require rare earths to produce.
Chinas deliberately structured industrial economy can produce both drones and shipping significantly quicker and cheaper than any western nation.
The US empire is not sustainable beyond a few more years- Trump desperate tariffs strategy admits that.
It is an attempt to remain solvent a little longer while negotiating the carve up of territory with Trump making clear he would like USA to retain its hegemony over the Americas, perhaps extending to Greenland, but that all other regions may be negotiable.
Reshoring microchip manufacturing certainly signals Taiwan is negotiable if not inevitable.
China has already won the trade war yet most American voters still do not recognise China as a credible adversary. Their blindness/arrogance is typical of an empire in decline.
The Jewish bankers and their puppet US muscle must be considering all the options, but China appears to have the upper hand at the moment.
Xi has granted Trump 6-12 months of rare earths supply but excluding any destined for military purposes.
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