Now, here’s an article that provides a framework for evaluating what’s going on, and what we should be tracking:
The New Cold War Has Begun
The article envisions an offensive war by China against the US. I don’t buy that. Not that I’m a fan of the China Model, but I believe that the collective West is the real aggressor and that the shift to a multi-polar world that Russia and China are initiating is a defensive move against the Globalist World Order. Nevertheless, bearing in mind that—despite events in Ukraine and elsewhere—this global war is essentially an economic war, the eight points that the author sets out argue that the US is not in a strong position at this point. All eight points are argued at some length in the article, but I’ll preface the list with this quote that sets the stage for the rest:
Over here in the United States, distillate stocks are running at their lowest in decades and we have depleted our strategic petroleum reserve.
While at the same time, our national debt continues to run higher, faster. Our national debt currently stands at $31.3 trillion, but more alarmingly our national debt to GDP has scorched to 50 year highs and is now near 140%.
Again, bear in mind that GDP is, or can be, a highly misleading metric for fundamental economic value.
The second alarm bell that should be going off is that Central Banks elsewhere in the world are in a rush to stockpile gold and one “mystery buyer” has been confirmed to be China.
Now, here are the eight points:
The U.S. is economically in its most precarious state in decades and has depleted a fair amount of its oil reserves
Saudi Arabia is openly floating the idea of stepping away from the U.S. dollar and switching the Chinese yuan for oil payments, pressuring a key item of support for the dollar as global reserve currency
China and Russia have openly floated the idea of challenging the dollar as global reserve currency
Other countries are buying oil in roubles, yuan and gold
Central Banks are hoarding gold to the tune of quadrupling purchases from the year prior, including China acting as a "mystery whale" with large purchases
China is also dumping U.S. dollar denominated treasury bonds
New espionage efforts may have emerged with Chinese-made drones flying in restricted airspace over the Capitol, following confirmed reports of China attempting to spy on the Fed and shake down U.S. economists
Popular Chinese software like TikTok has been called a "national security threat" by the FBI
Set aside TikTok and Chinese drones over the Capitol and concentrate on what’s going on inside the Capitol. The US is simply no longer a serious country. We know that from our Woke military and we know it from this:
The Dumpster Fire Omnibus Bill Goes From Bad to Worse in Mind-Numbing Ways
Congress apparently passed a bill that wasn’t prepared to be signed. They then had to pass another continuing resolution to keep the government running in the meantime. If that’s not the perfect metaphor for how awful our federal government is, then one doesn’t exist.
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