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Its been over extended since 1971, that much is clear. Has not won a war since...when? $37T debt and $8T to refinance before Christmas with interest rates having doubled since 2022 and nobody wants USTs anymore. Chinas mBridge is standing by, ready to displace that fundamental US strategic asset - the Petrodollar- Saudis have signed up for mBridge and yet US Exceptionalists still bury their heads in the sand and see Trump as the saviour. Trump at least can see the game is up and is doing what he can to forestall foreclosure, but the clock is ticking on that debt bomb because ~ China has already won the trade war.
And Israel also sees it (no shit), trying to expand at the expense of US. taxpayers. Big nose is milking the cow.
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Blah blah blah!!
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US Exceptionalists still bury their heads in the sand ~ but have no credible reasoned response to reality of US empire decline.
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I’ll believe in the decline the day JP Morgan and the Bank of England load up on Chinese paper!
Say that out loud and you will realize how silly that sounds
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Western fund managers have been desperate to get in to the Chinese capital markets- Blackrock took a massive hit in the Evergrande debacle. https://www.asiamarkets.com/evergrande-downgrade-forces-blackrock-and-other-institutions-to-write-off-billions/ The Chinese have played the wests crony capitalists and won the trade war. The transition toward Chinese dominated capital markets has already begun because the Chinese economy is the most productive fastest growing strongest economy in the world. This transition will be different to that which occurred when Britain handed hegemony over to the USA- the Jewish bankers who have controlled western banking for centuries will not be in control any longer. How China operates will be probably be qualitatively different in character to how the Jewish bankers has controlled monetary systems for centuries. What is silly is that you think USA can continue operating a massive and chronic trade and fiscal deficit much longer- it cannot. Trumps actions acknowledge this. Any basic understanding of debt servicing capabilities and US dependency upon USD seiniorage and the tipping point where hegemony flips very rapidly into insolvency understands US empire is facing imminent crisis. The $8 Trillion in USTs that need to be rolled over before Christmas is the immediate concern- interest rates are double what they were 3 years ago. Longer term there is no apparent way the decline can be turned around. China has won the trade war and most other functions of empire flow from operating a trade surplus and having increasing capacity to project power- which China has, while US capacity and viability to project power is in obvious decline.
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