What is going on with the USA?

[IroNat]

Ray Dalio is a China whore.

Don't believe anything he says.

[OneMoreRep]

Ray Dalio is a China whore.

Don't believe anything he says.

Brother, how can a comment like that be taken seriously? Yes, Ray Dalio is respectful towards China, but that's because he doesn't underestimate the enemy. When you run a hedge fund that for many years was ranked as the world's top hedge fund, you have to know how to play nice with all players, regardless of what side of the pond they sit on. Ray is also an American success story and one of the most respected figures in all of Wall Street and American finance. When you think of the top 10 figures in the world of American Finance, he is on that mount Rushmore along with guys like Warren Buffett.

Again, I might simply be too old school and tend to side with guys from a different era. Maybe you guys are onto something that the old school of economics wasn't hip to.

"1"

[The Scott]

China is on its last legs. 

They are a walking dead country.

They import over 80% of their food.
They import over 70% of their energy from a continent away.
They have a hopelessly aging population demographic.
The yuan is a failed currency.  Nobody wants the yuan.
China depends on exports to survive.

China is f*cked.

F*ck China.

This is true, my friend.  Well said.

China murdered their female babies and is now so desperate as to go to Africa to find women.    Fuque China. 

[The Scott]

More.

My hatred for the man and his lackeys is at an intensity I have never before felt.

You sir, are as always spot on.  Our Governor of Commiefornia is nigh on as much a cuntlette as Trudeau.  I hope the worst for both of these scumbag deviants.

[Marvin Martian]

Here's a quick view of a few things I am witnessing on a global front and how all of this could mean disaster for the USA and our status as having the world reserve currency. I will start with the matter of security (from warfare) and then discuss the threats to the US dollar as the world reserve currency.

Regarding actual ongoing wars:

• USA is in a proxy war (through Ukraine) with Russia. This war is causing us to hemorrhage billions of US dollars in the form of military equipment and actual dollars.
• USA is at war with China over Taiwan (more of a brutal cold war for now, but could involve open warfare soon). China is also aggressively cutting off the USA's ties with many foreign nations.
• USA is in active war against Iran within Syria. US base in Syria is getting attacked by Iran and vice versa. Hard to say who started it, but it appears the USA might have shot first.
• USA is heading into war with Mexico. Look to Lindsey Graham's statements about sending troops to raid Mexican Fentanyl Labs and the Mexican President's recent remarks against the USA's hypocrisy and stupidity.

Regarding the threat to the US dollar as the world reserve currency:

History recap - Following WW2 (via Breton Woods) the US dollar was pegged to gold. Nixon in 1971 severed the link of the US dollar to gold and then the dollar became backed by the trade of oil, as all purchases of Saudi oil was performed in US dollars. America in exchange for this right agreed to protect Saudi Arabia from its enemies. Additionally, this backing of the US dollar by oil has also led to most international financial transactions of present day being performed in dollar denominations. Today, the US dollar (our FIAT currency) is under threat of losing its status as the holy Petrodollar. Why? See below.

• Brazil, Russia, India, China, South Africa formed an alliance to do trade amongst themselves and move away from the grasp of the USA (Known as the BRICS nations)
• BRICS has now gotten further support from Mexico, Pakistan, Saudi Arabia and Iran and have essentially formed an ongoing coalition.
• South America as a whole doesn't like the USA, so the world's landscape is surely appearing to be turning on the USA.
• China's National Offshore Oil Corporation and France’s TotalEnergies have reportedly completed China’s first purchase of imported liquefied natural gas to be settled in Chinese yuan.

Moreover, I just read that Japan's foreign minister is going to visit China for the first time in three years. Those who were once enemies are now soon-to-be friends?

Is it just me or are we on the verge of witnessing the very collapse of the US empire? We have simultaneous threats of multiple world superpowers (China + Russia) waging nuclear war on us while other lesser countries (Iran and Mexico) in the periphery can certainly attack us as well. We also have VERY real threats to the US dollar suffering from a massive devaluation.

Anyone else seeing how things are playing out in a similar fashion to me? Maybe in my old age I am becoming too worried with these drastic winds of change, but it seems alarming. Also, when I listen to both Israeli and Aljazeera news, they are starting to paint the US in a very bad light. It's as if everyone is turning on us.

"1"

Looking back on history shows us that gender confusion / androgyny - become MUCH more prevalent during the final stages of an empire failing.

[Marvin Martian]

That's a function of being the global hegemon.

Canadians like to praise Canada for not doing this as much as the USA does, when in reality, we just lack the firepower to do so.

It's easy to be restrained when you have no other option.

You are dead on balls accurate. I have some Canadian “family” and they love to talk about how they (Canada) doesn’t jump in militarily on every theatre on the planet. But the truth is exactly what you said. The USA has the manpower/firepower and is more than eager to let our kids suffer and die, so there is no need for Canada to dirty its hands.

It’s really encouraging me to see “conservatives” who are finally anti-war. Being anti-war is in NO WAY anti-military. In fact anti-war is PRO military as typically most military deaths are as a result of warfare.
My fear is that it’s just contrarian thinking for many conservatives and they will be right back pro war as soon as a strong leader is in place who is also a warmonger

[Mayday]

You're assuming the US empire started in 1940, that's when they hit their peak.

When looking at the typical cycles that world empires follow (below), you can see pretty much where the USA sits:



Moreover, technology also affects the lifespans to these empires and the world has never had technology as advanced as what we have today. Dalio believes the next big war will be a COLD WAR and it will be fought between the USA and China in the realm of artificial intelligence and data. For that reason, Ray Dalio predicts that the US empire is going to collapse within these next 10 years.

Now, you're probably thinking that's nonsense and what the fuck does he know. You and I are likely of very good intelligence, but neither of us (even combined) are at the level of Dalio, nor do we have the access to the leaders of the world's top superpowers as he does. If those accolades weren't enough, he also started and headed one of the world's top hedge funds for decades (Bridgewater Associates - ranked currently as the world's #3 hedge fund). For others wanting to get a quick primer on macroeconomics as it affects the world, take a look at this video below, quite a nice watch and really serves as a great advertisement for Dalio's book, which goes so much more in depth.

Again, maybe I am old school and tend to side with guys like Dalio, but from my vantage point and that of great economists, it's not looking great for us.

"1"

The US took the reigns in the 1940s as the global superpower which allowed expansion of trade and globalisation and all this nice stuff we have around us today. Given the global expansion protected under the US over the last 80yrs i wouldn't say day 1 was their peak.

1940s, 1970s, 2020s the same inflationary cycles. Printing money is not an indicator of an immediate failing empire. This is our 3rd cycle of printing money. The Romans had many cycles and lasted a thousand years. All countries today use the same system/method so it's all the same thing.

Yes it's a cold war with China so nothing new there. I'm surprised Dalio thinks the US will lose. Don't you find it somewhat questionable when these people call for the US to fail yet they still live there? Still hold assets there. Still buying assets there...... 

A guy worth 19B thinks the US is going to crumble so he decides the best place to be is in New York. Fkn lol.

If these people worth billions were correct about everything all the time then why are those who take their advice still poor? I mean, they write books. They do interviews. They provide advice. Where are all these rich people following in their footsteps? What these guys say and what these guys do are 2 different things.

The transition is going to make life smaller and simpler and it will be a matter of perspective.

Besides, without conviction what does any of it matter? If anyone actually thought the US was going to collapse you would have left already and moved to Chna.

[G_Thang]

"1"

You need manufacturing and the military machine to jump start an economy.  Aren't you in Marketing?  You must have taken Macroeconomics.

Syria and Ukraine/Russia replace North Korea which would be a blood bath.  American'ts can't stomach another jungle war with Asians even though I believe a draft and war would clean the streets and jump start the next generation.

[delon]

Both IroNat and Mayday advancing points I broadly also subscribe to. I think China has a bit of a good run ahead of it as a serious player, but it just won't, and can't, reach the summit

The USA has issues, deep issues sure, but it also has scale, population spread, resources and adam smith on its side

To give a snapshot of why the China World King thesis is fatally flawed, see the below chart. Note for example, the approx. 75% old age pensioners needing support vs actual working age people ratio in around 50 years time. Just lol

Russia and some of the other countries mentioned are fueled literally by a declining industry. India is interesting, but it has a pattern of sort of going ok, hampered by lots of systemic corruption (and ditto that for various other places flagged), but not really seizing the reins: it never has, and never likely will, go on a China-like GDP rampage

To paraphrase and re-purpose the sentiment behind the old Churchill democracy quote "The USA is the worst country out there, except for all the other ones"

[Bevo]

The average lifespan of an Empire is 250yrs. If we take the timing from the 1940s onwards the US is 80yrs into their reign. Statistically the US have a looooong way to go until their reign ends. The Roman empire lasted 1,000yrs.


The plan is reduced consumption globally along with transition towards new tech. This is a transition, not the end of an empire.

I put arguments of 'we can't move away from oil' in the same bucket as 'we can raise interest rates', 'property prices can't go up more' etc.

If we are reducing consumption, movement, banning combustion motors then why would a petro dollar be important? The US has basically everything it requires inside it's borders meanwhile most have to import from elsewhere otherwise they'd be 3rd world countries.

What isn't on your list are the countries who ARE in agreements and continuing to form a strong alliance economically with the US. Australia and the UK are firm partners with the US. We don't just provide trade but also military support to the US machine.

In the last 40yrs when have you ever been worried about being taken over economically or military wise by: Pakistan, Brazil, India, South Africa, Iran, Saudi Arabia, Mexico or South America?

GDP wise:
US 25T / UK 3.2T / AU 1.7T we are education, tech, resource powerhouses of the world and we are the core Allies.

CN 18.3T relies on 85% imports to survive. Russia 2.1T relies on oil which is being phased out, is poor, low tech, low education. Brazil 1.9T has resources but poor, low tech, low education. Iran 2T relies on oil which is being phased out, Saudi Arabia relies on oil which is being phased out, the rest are all very small in their own right and act as individuals rather than a group.

As for Japan, they are in deep shit with debt to GDP of 264% which dwarfs anybody else.

The US is doing exactly what is required to dismantle China and continue their reign. Arguably, the US being all over the world spread them too thin and pulling back makes them considerably stronger than before.

With people like Bhanky, shitzo, and tbombz walking around, every nation is scared shitless

[Bevo]

The US took the reigns in the 1940s as the global superpower which allowed expansion of trade and globalisation and all this nice stuff we have around us today. Given the global expansion protected under the US over the last 80yrs i wouldn't say day 1 was their peak.

1940s, 1970s, 2020s the same inflationary cycles. Printing money is not an indicator of an immediate failing empire. This is our 3rd cycle of printing money. The Romans had many cycles and lasted a thousand years. All countries today use the same system/method so it's all the same thing.

Yes it's a cold war with China so nothing new there. I'm surprised Dalio thinks the US will lose. Don't you find it somewhat questionable when these people call for the US to fail yet they still live there? Still hold assets there. Still buying assets there...... 

A guy worth 19B thinks the US is going to crumble so he decides the best place to be is in New York. Fkn lol.

If these people worth billions were correct about everything all the time then why are those who take their advice still poor? I mean, they write books. They do interviews. They provide advice. Where are all these rich people following in their footsteps? What these guys say and what these guys do are 2 different things.

The transition is going to make life smaller and simpler and it will be a matter of perspective.

Besides, without conviction what does any of it matter? If anyone actually thought the US was going to collapse you would have left already and moved to Chna.

Yes, it’s better to take and listen to advice from getbiggers than a guy worth 19 billion

Getbiggers response : “if you don’t like it here, then move”

[Gym Rat]

This lying, hate-filled child-rapist is whats wrong with the US.
And the braindead kvntz known as "Libturdz"...   

[Bevo]

This lying, hate-filled child-rapist is whats wrong with the US.
And the braindead kvntz known as "Libturdz"...   

And there will be more of people like him that will run the US in the future…..

[Mayday]

Yes, it’s better to take and listen to advice from getbiggers than a guy worth 19 billion

Getbiggers response : “if you don’t like it here, then move”

You have absolutely zero in common with a guy worth 19 billion.

I’m sure Ray is happy you posted to defend his honour.

Giddy up white knight.

[Griffith]

ASEAN nations meet, discuss dumping US Dollar, Euro for trade

Finance ministers and central bank governors from the Association of Southeast Asian Nations (ASEAN) this week discussed dropping the US Dollar, Euro, Yen, and British Pound from financial transactions and instead moving to settlements in local currencies.

ASEAN includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. According to IMF figures, the combined nominal GDP of the bloc in 2023 amounts to approximately $3.9 trillion.

The meeting, hosted by Indonesia, focused mainly on discussing ways to reduce dependence on western currencies through the Local Currency Transaction (LCT) system, an extension of a previous settlement system that has started to be implemented among ASEAN member states and which allows trade to be conducted in local currencies.

An agreement on a similar system was reached between Indonesia, Malaysia, Singapore, the Philippines, and Thailand last November.

Indonesian President Joko Widodo has also urged his ASEAN partners to drop western payment systems like Visa and Mastercard and start using locally-developed systems, arguing that the region needs to shield itself from “possible geopolitical repercussions.”

“Be very careful. We must remember the sanctions imposed by the US on Russia. Visa and Mastercard could be a problem,” Widodo said during a local business gathering earlier this month.

Over the past year, a growing number of nations across the world have moved away from conducting trade in US dollars as a result of Washington’s policy of economic warfare.

Just this week, Brazil, the largest economy in Latin America, reached an agreement with China to enable import and export transactions between both nations to take place without using the US dollar.

Several nations in West Asia and North Africa have also started to move away from the greenback hegemony in recent months, like Iraq, the UAE, Egypt, and Saudi Arabia.


https://thecradle.co/article-view/23096

[Teutonic Knight]

China is on its last legs. 

China is f*cked.

BULLSHIT

(hey, it's 2023 , not 1947  )

[Mayday]

US senate has a bill it will vote on shortly which will allow the Us to apply any level of tariffs to Chinese imports.

US will approve this as they are already setting the stage for US unemployment to increase to 4.6%. The approval of this bill means Democrats will raise tariffs under the theme of saving American jobs.

Election is in 2024 so it should be expected to see the above play out and fiscal spending fire back up to support local industry construction.

Hence for years I have said ‘buy your wants’.

[Tapeworm]

I wonder to what degree dirty rotten shit has always gone on and we're just better informed about it now because of the plurality of sources available. For example, I never would have known that the US engineered a coup in Ukraine in 2014 if not for podcasts. I haven't seen a single mention of it on msm.

Maybe the increased public discussion simply wasn't available when Ford pardoned Nixon or when FDR embargoed Japan. These days basically everyone under 65 is redpilled to at least some degree.

That said, I perceive an increase in the security state since the passage of the Patriot Act. The current Data and Restrict Acts, which leverage Tik Tok/ China fears, will basically criminalize unorthodox opinions online, including Getbig. Not to mention the shit tons of other efforts to delegitimize/deplatform or otherwise silence unwelcome heterodox views.

I don't think it's coincidence that greater latitude of discussion is mirrored by government efforts to stuff that genie back into the bottle.

[booty]

Very scary times. In a nutshell… we are fucked. To the guys on here lining up for their bio weapon boosters, you’ve been duped. Everyone else who is awake I hope you are preparing by stocking food especially tinned ( it can last indefinitely providing the tin isn’t damaged) medical supplies, tools, seeds, socks and jocks…. In otherwise anything you may need. Inflation is going to surge and there will be shortages. The USA is done. They will be rolling out the digital totalitarian system and it’s our worst nightmare. This is worse than any science fiction movie.

[The Scott]

Very scary times. In a nutshell… we are fucked. To the guys on here lining up for their bio weapon boosters, you’ve been duped. Everyone else who is awake I hope you are preparing by stocking food especially tinned ( it can last indefinitely providing the tin isn’t damaged) medical supplies, tools, seeds, socks and jocks…. In otherwise anything you may need. Inflation is going to surge and there will be shortages. The USA is done. They will be rolling out the digital totalitarian system and it’s our worst nightmare. This is worse than any science fiction movie.

We need Donald J. Trump back as President of These United States of America and the Leader of the Free World.  You need to step up to the plate of reality and accept this truth.  If not. I'll pass  along that Australia is no longer a favored nation when Mr. Trump returns.

Biden is the leader of the freak world. 

I know and have no problem that you are not American so the choice really isn't yours but I've viewed some news channels from your beautiful country and they hate Biden and LOVE Trump. 

[booty]

Just watching this now.

[booty]

We need Donald J. Trump back as President of These United States of America and the Leader of the Free World.  You need to step up to the plate of reality and accept this truth.  If not. I'll pass  along that Australia is no longer a favored nation when Mr. Trump returns.

Biden is the leader of the freak world. 

I know and have no problem that you are not American so the choice really isn't yours but I've viewed some news channels from your beautiful country and they hate Biden and LOVE Trump.

It’s true… Aussies hate Biden. They constantly make fun of him here. I think he’s akin to the devil. Biden is a traitor and is working against the American people. I believe that they got rid of Trump because he wouldn’t have gone along with what the WEF had planned. It was Trump who spoke out about fauci and he also left the WHO. Now I understand why he did those 2 things. Biden won’t be voted back in but will the USA be a democratic country???

[Coach is Back!]

Joe Biden’s or should I say, his puppet masters America

[The Scott]

It’s true… Aussies hate Biden. They constantly make fun of him here. I think he’s akin to the devil. Biden is a traitor and is working against the American people. I believe that they got rid of Trump because he wouldn’t have gone along with what the WEF had planned. It was Trump who spoke out about fauci and he also left the WHO. Now I understand why he did those 2 things. Biden won’t be voted back in but will the USA be a democratic country???

I think Australia is a beautiful country but I  know I will never be able to visit as the flight would likely kill me.  Too bad.  Same with me ever going to England/Ireland/Scotland or another favorite, New Zealand to see the Hobbiton set from the Lord of the Rings, now known as "De Lawd ob de Rangs"...'n' sheit".   

I have my iPhone speak to me with a woman's Australian accent.  I am such a nerd for British and Australian women and their respective accents.  Do not worry as I would never bother you nor any other woman there.   My handicapable status is a hindrance if you will, LOL!   I thought a young Helen Reddy was so beautiful. Same with Newton-John but she was too lib for me to like much outside her voice.  Perhaps Reddy was too but her voice was wonderful.

Do you guys drink iced tea over/down there?  I don't drink alcoholic beverages.  Who am I kidding, on a plane for that long I am a goner, LOL! That and the spiders over there!  Aaaaaaagh! 

Time for me to hit the hay.  Good night, young lady.

[booty]

I think Australia is a beautiful country but I  know I will never be able to visit as the flight would likely kill me.  Too bad.  Same with me ever going to England/Ireland/Scotland or another favorite, New Zealand to see the Hobbiton set from the Lord of the Rings, now known as "De Lawd ob de Rangs"...'n' sheit".   

I have my iPhone speak to me with a woman's Australian accent.  I am such a nerd for British and Australian women and their respective accents.  Do not worry as I would never bother you nor any other woman there.   My handicapable status is a hindrance if you will, LOL!   I thought a young Helen Reddy was so beautiful. Same with Newton-John but she was too lib for me to like much outside her voice.  Perhaps Reddy was too but her voice was wonderful.

Do you guys drink iced tea over/down there?  I don't drink alcoholic beverages.  Who am I kidding, on a plane for that long I am a goner, LOL! That and the spiders over there!  Aaaaaaagh! 

Time for me to hit the hay.  Good night, young lady.

We are not ice tea drinkers in the land down under. I think that’s more British. They love their teas. Spiders are not that bad. You get very used to them. I don’t like snakes though and I will never get used to them. I found 4 snake skins a few weeks ago in my back yard. I was creeped out. They are living amongst myself and my pets.
Sleep well The Scott.