The thing about those divisions is that I see them as manufactured for a culture war that some use for political power and profit.
Issues that donât really matter to the vast majority of people because they will honestly never ever encounter it in the real world (for instance transgenders in sports) get an outsized footprint in the culture war in lieu of issues that a majority would agree on.
When I see people who say that divisions are deepening and the country is headed for a break up⌠which would mean a civil war⌠I ask âfor what?â What is the reason?
What is so important that destroying the country and itâs status would be worth it?
Of course it can replace the dollar and of course they they can pass us economically no country has stayed number one forever. Funny thing is the people who unleashed the plague is the only country to grow its economy this year.
I am not sure why people doubt it canât happen they are not only our biggest trading partner owning a lot of our manufacturing but now the Europeâs biggest trading partner as well.
I remember people on here just last year saying we would never have negative interest rates in our life time but now they are being offered this year for the first time in U.S. treasuries.
So, speaking to inflation and hyperinflation, can the advocates for this alarmist view explain:
Why prices are stable over a twelve year run, during which the Fed was pushing rates to zero and allowing big firms to cover their losses, and reabsorb shares, (but not pull them from the books);
Savings and hoarding have not increased;
Supply has not dipped in any way that isn"t directly pegged to those sectors most impacted by covid-19;
Why several contractions and expansions of the money supply still did not alter a longer deflationary trend:
And, why, of all things, QE continued the deflationary trend when the model used by alarmists positively demands that it lead to (hyper)inflation?
The basket of currencies is definitely more likely now than it was before Trump killed TPP. Which, I hope is obvious, is separate from the refusal by elites to offset local damage with anything other than â â â â gibbon austerity.
I have stated earlier that Trump killing the TPP wasnât necessarily a bad thing. It was a flawed trade deal and an attempt to make it better would be welcome.
There should have been a trade deal like it being hashed out on the same day that it was killed⌠but that would have taken work and the Trump administration wasnât into to that so it didnât happen and this leaving the door open for China to make deals in the Pacific Rim without US input.
Aspirationally, I could state that Beijing might need to be contained; and were that something other than an honest but useless sentiment, it might mean something. But, weâre posting on the internet precisely because weâre nobodies whose opinions are not policy inputs.
Containing Beijing requires something like a situational pragmatism wedded to an unassailable global position atop an aquifer of good will while controlling a mandate commodity.
That is a condition which has passed the whole world by, until someone figures out how to anchor a multi-trillion dollar asteroid in NE orbit at the far-end of a geosynched space elevator (which means control of an equatorial African nation), that doubles as a threat of complete extinction. Or, until someone figures out safe, scaled fusion that doesnât get out of the pen.
What âweâ really have, especially now that TPP is gone and Beijing can no longer be constrained by its export imbalances, is a vacuum.
Let Beijing try to control everything the US leaves behind, the Han way. I suspect that while world is long past nostalgia for American suzerainty, it isnât yet got the stomach for Han uniformity, or its âeisenstaatâ kind of command and control.