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>>>Was it really bad for US until China started working on 5G and trying to become independent in semiconductor sector? Yes, it's bad because "naval strategy i
by CapricornNoble 6y ago
>>>Was it really bad for US until China started working on 5G and trying to become independent in semiconductor sector?
Yes, it's bad because "naval strategy is build strategy", and all of that industrial activity and technical know-how exported to China has facilitated the buildup of a massive, modern, increasingly-blue-water Navy and supporting Air Force that is postured specifically to challenge the US. The US Navy's global presence and open sealane patrolling is key to enforcement of the Petrodollar system, and therefore one of the lynchpins of American economic hegemony. Eventually China will challenge the US, and the US will either back down or lose. Either way, expect the global order to change, the Petrodollar to go away, and the US economy to collapse....and we'll have basically spent 30+ years making down-payments on our own destruction.
At least that's the theory.
- shadowgovt 6y agoA US economic collapse would be real hard on China, given how much of our national debt is owed to Chinese creditors.
- JAlexoid 6y agoNot necessarily. China doesn't really have many options, when it comes to parking USD. If USD collapses, 0 chance of that happening any time soon, then CNY would probably take over the spot... That would balance out Chinese losses.