Australia's largest stock trading and investment forum Australia's #1 stock forum

agree -- and, when I think through that - I suspect the collapse...

First 8 Last

Share
Profile

Follow
pintohoo

80,818 Posts.

75

15/05/17

10:52

Post #: 24688338
Share

Originally posted by Orson ↑

But debt is the problem. Sure the US can keep on building up the military, like the Soviets did in the 1980s. Then they collapsed.

Without the economy to fund that military and big Mexican walls, tax cuts for billionaires etc., eventually debt overwhelms the government. At the moment US gross debt to GDP ratio is running at about 110%. Australia's is about 35%, China's at about 65%. If China can grow its infrastructure, military, economy and trade while maintaining that ratio, then use the BRI to leverage the yuan as the principal trading currency, they will be in control in ten years.

Then once US debt goes over, say, 150-200% of GDP and the world doesn't judge its worth in US dollars, the new China hegemony can begin. The US can collapse internally like the city of Detroit did, but the rest of the world will survive under Chinese economic leadership.

Expand

agree -- and, when I think through that - I suspect the collapse could come sooner than later.

there is no secret that America is in political turmoil -- if the power struggles get worse - then, anything can happen to supply and the like -

the biggest military machine in the world goes nowhere without petrol, bullets food and wages -

end of story.
1 Upvote

Reply

There are more pages in this discussion • 3 more messages in this thread...

First 8 Last