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0 sats \ 1 reply \ @justin_shocknet 14 Nov \ parent \ on: Rare Earths Reality Disproves Libertarians Free Markets Fix Everything Bullshit. econ
Convenience, not dependence.
Has produced what it has been allowed to produce because it offered cheap labor
Infrastructure downstream of cheap labor, don't even think China has nuclear submarines or aircraft carriers... we've been sitting on SMR's for decades and let China lever it's economy to solar panels built with coal and metals it gets from Australia
Elite Chinese students come to the US. and only because we allow it, so evil.
Contradiction, AGAIN... Stablecoins explicitly undermine SWIFT
Bailed out Europe, China, and the rest of the world, with our food and steel
Paper tiger that can't pull the trigger, rare earths monoploly gone, semi's in taiwan diversified, near-shoring in full swing... tick tock.
Bargain, better to spend double and keep it domestic then pay half and it circulate somewhere else. Convenience, not dependence, try to understand this bot.
US has the gold and the Bitcoin, China has rubber dog shit and solar panels with no batteries. Sad!
Granted GDP is a fake, fiat number, but you've got a zero-sum fiat brain so it works:
At a competitive price that has held down inflation in all nations on the planet.
Stop buying from China and your inflation will skyrocket. Stop selling your soybeans to China and your farmers will go broke.
Chinas massive and powerful lead on electricity supply is undeniable.
It is built upon the deliberately structured industrial base of a planned economy designed to produce manufactured goods at a more competitive price than all others. Wages in China are steadily increasing well above the rate of inflation. The same cannot be said for the declining industrialised western nations.
Yes Chinese students come to US and other leaders in technology and education and gain knowledge- much of it returns although many stay and become crucial employees in those universities and tech companies- have you ever looked into the tech dept at your local university or major tech companies- there's a lot of Chinese in there...most of them CCP members for life. If war comes what you gona do? Lock them all up and have your techs and universities collapse?
SWIFT is dying anyway - stablecoins are a desperate attempt to prop up the dollar itself a little longer- they are admission that the dollar cannot compete with mBridge and CIPS.
Europe, UK, Japan, Australasia, Canada, Japan and S.Korea are all subservient military and monetary tributes to the USA. But today most of them enjoy far more benefit from their trade with China than with the USA. The USA does not produce anything they want or need- except for military equipment and debt.
China is the only member of the IMFs reserve currency board that is not subservient to USA militarily or monetarily. The IMF (Jewish bankers) needed China to bail it and the USD out after the GFC.
Fort Knox is empty!
China has run successive trade surpluses for many decades.
USA has run trade and fiscal deficits for over 50 years.
China has used fiat debt capital issuance mostly to the purpose of building productive infrastructure and assets. Like rare earths processing capability.
It will be ten years at best before USA has anything close to rare earths self reliance.
And if achieved this will come at a massive taxpayer funding/debt funding cost.
By then, well before then actually China will have achieved 3nm chips and Taiwan will be irrelevant except to walk in their and reclaim it to the mainland with USA unable to put up any resistance otherwise they would risk losing access to rare earths and other supply chains they are still dependent upon China to supply.
China has won the trade war already- you just can't face it can you.
USA has squandered its legacy extraordinary privilege of frivolous non productive parasitic asset price pumping speculation while its productive economy has withered until it is incapable of building anything useful like nuclear power plants or shipping.
The empire is in terminal decline- MAGA is the centuries biggest irony played upon a gullible nation living in fear and ingrained obese sense of entitlement.
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