I think it's a big mistake for the US to pretend to sanction China.
They dump our bonds and stop trade with us and we're fucked. We saw how crippled we became when our supply chain slowed down. Possibly bringing production back to the USA would be nice in theory, but Americans are a lazy bunch, we're not disciplined cyborgs like Chinese.
We aren't built like the USA of the 1950s anymore. We're fat, effeminate, "woke", sucked in by "reality" TV shows, have an odd sense of entitlement with a disposition towards "quietly resigning" and have become too dependent on the government to save us.
We need to harden the fuck up before we go off China or else we will withdrawal worse than a Heroin junkie.
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I think the US is 100% going to sanction China whether that is preemptive or whether China actually react poorly to something.
The debt argument becomes irrelevant because we end up buying our own bonds under yield curve control. The objective is assuring everybody else buys their own bonds at a rate faster than you, therefore your currency is stronger and therefore lower risk of capital flight.
The bond argument has been raging since I was 20 and guess what? No collapse. Even in the GFC, no collapse. Global pandemic, no collapse. Economic WW3, no collapse. 14yrs later when countries are buying their own bonds we have no collapse. It only collapses once all exits have been exhausted and we only just started the QE fiscal phase in full swing.
Agree with your comments about the workforce But I’d argue we gained huge efficiency but never backed off our white collar hours. with gains we increased consumption instead of keeping the consumption rate the same and gaining free time and therefore controlling stress/anxiety. If we went back to 1960s consumption level, with today’s technology and processes we probably would have automated 80% of it therefore greatly reduced work hours.
Agree with your last line and That’s what the societal unrest is for. Nobody had any problem being locked down but we went apeshit over lack of lack of genders and equality. I posted in another thread this is the exact same playbook at the 1970s as distractions for the people allow the govt/central banks to do their adjustments without protest. Nobody protested QE, you all took the stimmmy bucks, nobody protested shortages….but you sure as shit rioted in the streets that men should be allowed to compete in women’s sports, hence the playbook works.
