New Cold War: USA vs China

[jbgusa]

Originally Posted by TMSRetired

The US threatened China but not India on trading with Russia.

Africa seems to be the biggest recipient of Russian exports (wheat).
And Biden only seems to be worried about Europe..Germany in particular since they had to be bullied into falling in line with the US.

All is not as it seems......

One reason may be (I'm only speculating) that Germany pays promptly and in hard currency. I would assume that Africa and India,of necessity get terms, and probably higher prices, but still don't have to pay 100% in hard, cold cash. Not rubles, mind you but dollars, Euros or Yen.

[Chi-town]

Not sure why Russia is being left out? If China helps Russian out of a Great Fall. They will Demand Loyalty and Payback, both will have common foes then......and guess who they may be.

Or course, Trump presidency again could be the twist Russia needs to put loyaty toward and visa versa.

[guidoLaMoto]

For a half century, world trade was divided into The West and The East (communist) worlds. It's should be obvious to all that we are headed that way again, the main difference being that now China (thanks to us) is an industrialized nation....

China needs us much more than we need them. We now rely on Chinese production because it was cheaper for Big Business to deal with them. If we become isolated from them again, they will suffer and we willl actually benefit by virtue of increasing jobs here and materials/product supply security.

I welcome this New World Order, but then, I'm into self-sufficiency and survivalism and don't rely on dividends and share prices for my wealth.

[Ice_Major]

Originally Posted by guidoLaMoto

For a half century, world trade was divided into The West and The East (communist) worlds. It's should be obvious to all that we are headed that way again, the main difference being that now China (thanks to us) is an industrialized nation....

China needs us much more than we need them. We now rely on Chinese production because it was cheaper for Big Business to deal with them. If we become isolated from them again, they will suffer and we willl actually benefit by virtue of increasing jobs here and materials/product supply security.

I welcome this New World Order, but then, I'm into self-sufficiency and survivalism and don't rely on dividends and share prices for my wealth.

Not going to happen. Those jobs will just go to Vietnam, Mexico, Philippians, or any other cheap labor local that isn’t openly hostile to U.S. interest. It's just too expense to manufacture in the U.S. for goods outside of high-tech items. The trade war showed that China isn't so dependent on the U.S. as we assumed. Trump learned the hard way and got a watered-down deal that isn't working.


Doubtful things will revert to pre-1980 before the start of the globalization as we know it. Decoupling will only lead to higher prices, increased inflation, and more conflicts as countries compete against one another. Besides the 70s were terrible. U.S. manufacturing output had started to decline, there was high inflation, high unemployment, and near constant threat of nuclear annihilation. Selective memory makes people ignore those aspects of pre-globalization.

I'm a fan of globalization and it’s sad to see it decline. It lifted hundreds of millions of people out of poverty and brought an unprecedented level of convenience. I understand the benefits were not equally by Western nations citizens, but overall it was a plus. Hopefully calmer heads amongst world leaders will emerge.