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Very concerning. More the reason to look closely who are trading partners with the US. We should look at and be caution of the catch all phrase Globalization.
The United States needs out own manufacturing first.
There are many who would love to dissolve boarders in North and South America for this reason.
They have an aging population. Their demographics are terrible. We have nothing to fear.
People have been raging about the collapse of the dollar being just around the corner since the 70's. They should be embarrassed.
From the looks of this forum and especially the illegal immigration forum, posters specifically White American conservatives aren't very happy with the demographics in the USA. White Americans have a birth/fertility rate on par with that of Northeast Asians.
From the looks of this forum and especially the illegal immigration forum, posters specifically White American conservatives aren't very happy with the demographics in the USA. White Americans have a birth/fertility rate on par with that of Northeast Asians.
Illegal alien ain't a race: they're all despicable and need to be deported, even pasty white skin women with light hair and eyes.
Russia's population growth was in the negative numbers for a few years. It has now "increased" to 0. But Russian population peaked out in 1995 at 148M. 143M, now, which is well below projections from years past.
Demographers believe that a natural growth rate on par with other countries would have put close to 200M people in Russia by now.
Weak military; shrinking population. Leave them alone; they'll fail.
Add: very little real economy outside of oil/gas industry; thieving Goverment mainly concerned with appropriating public funding for personal gain and staying in power as long as possible at any cost.
Russia still has a fairly strong military and some scientific and technological resources left over from the USSR's vast arsenal, but these are aging fast. And even the USSR was falling behind in the 1970s and on, the modern Russia is nowhere near it's relative strength.
The political union between China and Russia is very unlikely. They have very different goals and very different weight categories. The only union would be temporary with Russia playing the role of China's *****, used and dropped like a sack of **** at first opportunity.
China can well grow into yet another economic superpower, capable of trading on their own terms - they are not there yet now- but it has to solve some major structural issues first, which it may be perfectly capable of but it won't be pretty. Until then it can't afford to get itself divorced from the world economic order.
Another thing people keep forgetting about is the invevitable robotic revolution. It's already been happening for a while. While it would create havoc in labor markets all over the world, it would hit China hard by taking away the main reason to move production there - cheap labor. A $35K robot is the same whether in China or in the US, and the relative cost of supporting personnel is going to be minimal anyway, and offset by far lesser transportation costs and higher productivity. The future will be in opening robotic manufacturing plants in the areas with equally good access to the major markets and major raw material supply. Which means the future manufacturing is going to be distributed all around the world, with labor costs becoming of little relevance. So the biggest advantage of opening a plant in China over, say, South Dakota is going to be gone, save for their lax environmental protection - which China can't really afford to continue much longer.
In order to stay relevant China must increase the purchasing power of it's population, which will inevitably make it more expensive to do business in. At some point they will have to let the yuan free float, and then it may become a real serious alternative to USD and Euro. But they mist divorce themselves form the cheap labor business model first, not a small undertaking. Until this happens, it would be suicidal for them to rock the world economic boat.
All wars are economic wars, all of them. The next one will be no different.
My theory of what's going on and the next Great War. The dollar is the worlds reserve currency, which means all oil dependent countries must buy their oil in US dollars. This places an artificial demand on US paper. In turn we can print trillions with no real inflation. Foreign countries must stockpile the dollar. If all this money were to hit the streets there would be massive inflation.
There is an effort to undermine this agreement. When this effort grows legs and is truly a threat, you'll see the propaganda machine that is our media in full force. This is why we constantly keep China and Russia as potential enemies; they are the countries most capable of undermining the Petro Dollar. All of a sudden our soldiers will need to be in the country (or countries) to protect our freedom...
Foreign countries must stockpile the dollar. If all this money were to hit the streets there would be massive inflation.
$6T +/- is the money that foreign entities hold. Most of that $6T is debt and much of that debt is long term, and cannot be 'cashed in' soon or on any whim. Even when redeemed, our National debt drops by that amount. That money doesn't just 'hit our streets'.
All wars are economic wars, all of them. The next one will be no different.
My theory of what's going on and the next Great War. The dollar is the worlds reserve currency, which means all oil dependent countries must buy their oil in US dollars. This places an artificial demand on US paper. In turn we can print trillions with no real inflation. Foreign countries must stockpile the dollar. If all this money were to hit the streets there would be massive inflation.
There is an effort to undermine this agreement. When this effort grows legs and is truly a threat, you'll see the propaganda machine that is our media in full force. This is why we constantly keep China and Russia as potential enemies; they are the countries most capable of undermining the Petro Dollar. All of a sudden our soldiers will need to be in the country (or countries) to protect our freedom...
China and Russia are potential threats because they are the strongest countries not fully integrated into the current geopolitical system and have governments willing to confront their neighbors to bolster their domestic approval ratings (Russia) or for economic gain (China).
Not because they are a threat to the dollar.
China doesn't want to be sinking the boat bringing them money (back in the midst of the 2008-09 Putin offered them to gang up on the US to "sink" the dollar and they promptly told it to the US administration) and Russia is a limping chimp thinking it's a 800 lbs gorilla.
What's more, most of the Russian oligarchs' ill-gotten wealth is invested or spent in the West. The Russian elite is very heavily invested in Miami real estate, for example. The Western sanctions so far were rather timid and targeted a very small number of rich Russian people closest to Putin. They could be expanded very quickly and broadly, and I don't think the people who got rich stealing from their state would tolerate the leader of that state screwing up their lives for long.
Imagine countries with ironclad trade agreements with the US aligning itself with China & Russia ganging up in an economic powerhouse simply just to take down the US economy? It's happening. Read the story and watch the vid when you have time and form your opinion then post it here.
The south was more wealthier than the north, before the Civil War. Wonder why?
The majority of the population were slaves.
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Think!
