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The cash held in foreign countries is only worth something if those countries produce something of value. If the US keeps outpacing Europe in terms of productio

The cash held in foreign countries is only worth something if those countries produce something of value. If the US keeps outpacing Europe in terms of production of real stuff, there is nothing to get in Europe for the US: https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=EU-US https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?location... As for ASML, read up on the ownership structure and why ASML for example cannot sell up-to-date tech to China. ASML is actively expanding and operating production and R&D facilities in the United States. So the USA will not be dependent on the Netherlands for photolithography.

nottorp 1y ago
> read up on the ownership structure The ownership structure only holds if the US respects other ownership structures, eh? > If the US keeps outpacing Europe in terms of production of real stuff What real stuff, social networking?
- ArtTimeInvestor 1y ago
  The ownership structure only holds if the US respects other ownership structures, eh? No, because ASML is building production facilities on US soil. What real stuff, social networking? Name a thing that the USA will not be able to produce themselves. The USA is pushing hard for complete production independence.
  - sofixa 1y ago
    > Name a thing that the USA will not be able to produce themselves Smartphones. Computers. Servers, switches. Anything that relies on an advanced chip. Anything that needs cobalt or lithium or coffee or cocoa or any other material not found in sufficient numbers or quality in the US. Ships. Hell, planes while we're at it (Boeing suck ass). Anything that needs to be affordable (like clothing).
  - nottorp 1y ago
    > No, because ASML is building production facilities on US soil. You mean there are news about ASML trying to build production facilities on US soil?
  - seszett 1y ago
    > Name a thing that the USA will not be able to produce themselves Coffee and planes that stay in the air. But to be more serious, the US (and Europe maybe to a slightly lesser extent) wealth is propped up on cheap labour overseas like the Roman empire was on slaves. It is absolutely possible to change that, but it's not as painless as you seem to think.
    - ArtTimeInvestor 1y ago
      The concept of "labour" will be a thing of the past. Probably within one or two generations. Everything will be done by intelligent machines.
sofixa 1y ago
Again with people of limited knowledge and intellectual assuming GDP means anything relevant to the point they're making, but it doesn't. Exhibit A, almost 9% of GDP is tourism. Not only is that not productive in any sense of the word, that will crater thanks to Trump and ICE Gestapo wannabes arresting random people for minor administrative errors. Nobody sane wants to visit the US now. Exhibit B, you assume higher GDP means something good. In the US, a good coffee, with tip and tax, can cost you $10. In France, it's 1.50-2€. GDP numbers would make you believe the US is 5-10 betters, but in reality, there's no difference other than Americans being scammed out of their money with very high prices. Exhibit C, anything that happens in any of the US health insurance companies. Record profits, high market caps, etc. but you'd struggle to find anything of any value happening there.
- ArtTimeInvestor 1y ago
  There IS a big difference: The USA is able to make the most advanced AI. And that is the one thing that will count. Out of the 4 neccessary ingredients (photolithography, wafers, LLMs, energy) the USA already has LLMs and energy. And is pushing hard to bring photolithography and wafer production inhouse too. No other country currently has a good shot at it.
  - sofixa 1y ago
    You probably missed Mistal and DeepSeek. And of course you're making the assumption that AI will be a revolution on par with the industrial one, which is still to be proven.
    - ArtTimeInvestor 1y ago
      Neither Mistral's nor DeepSeek's AI are on par with what US companies like Google, OpenAI and Grok have. Plus, both rely on US GPUs. So far, it seems like there is no possible future in which the US can be overtaken in AI matters. The USA is already leading and investing the most into the future.
      - 1y ago

nottorp 1y ago

> read up on the ownership structure The ownership structure only holds if the US respects other ownership structures, eh? > If the US keeps outpacing Europe in terms of production of real stuff What real stuff, social networking?

ArtTimeInvestor 1y ago
The ownership structure only holds if the US respects other ownership structures, eh? No, because ASML is building production facilities on US soil. What real stuff, social networking? Name a thing that the USA will not be able to produce themselves. The USA is pushing hard for complete production independence.
- sofixa 1y ago
  > Name a thing that the USA will not be able to produce themselves Smartphones. Computers. Servers, switches. Anything that relies on an advanced chip. Anything that needs cobalt or lithium or coffee or cocoa or any other material not found in sufficient numbers or quality in the US. Ships. Hell, planes while we're at it (Boeing suck ass). Anything that needs to be affordable (like clothing).
- nottorp 1y ago
  > No, because ASML is building production facilities on US soil. You mean there are news about ASML trying to build production facilities on US soil?
- seszett 1y ago
  > Name a thing that the USA will not be able to produce themselves Coffee and planes that stay in the air. But to be more serious, the US (and Europe maybe to a slightly lesser extent) wealth is propped up on cheap labour overseas like the Roman empire was on slaves. It is absolutely possible to change that, but it's not as painless as you seem to think.
  - ArtTimeInvestor 1y ago
    The concept of "labour" will be a thing of the past. Probably within one or two generations. Everything will be done by intelligent machines.

sofixa 1y ago

Again with people of limited knowledge and intellectual assuming GDP means anything relevant to the point they're making, but it doesn't. Exhibit A, almost 9% of GDP is tourism. Not only is that not productive in any sense of the word, that will crater thanks to Trump and ICE Gestapo wannabes arresting random people for minor administrative errors. Nobody sane wants to visit the US now. Exhibit B, you assume higher GDP means something good. In the US, a good coffee, with tip and tax, can cost you $10. In France, it's 1.50-2€. GDP numbers would make you believe the US is 5-10 betters, but in reality, there's no difference other than Americans being scammed out of their money with very high prices. Exhibit C, anything that happens in any of the US health insurance companies. Record profits, high market caps, etc. but you'd struggle to find anything of any value happening there.

ArtTimeInvestor 1y ago
There IS a big difference: The USA is able to make the most advanced AI. And that is the one thing that will count. Out of the 4 neccessary ingredients (photolithography, wafers, LLMs, energy) the USA already has LLMs and energy. And is pushing hard to bring photolithography and wafer production inhouse too. No other country currently has a good shot at it.
- sofixa 1y ago
  You probably missed Mistal and DeepSeek. And of course you're making the assumption that AI will be a revolution on par with the industrial one, which is still to be proven.
  - ArtTimeInvestor 1y ago
    Neither Mistral's nor DeepSeek's AI are on par with what US companies like Google, OpenAI and Grok have. Plus, both rely on US GPUs. So far, it seems like there is no possible future in which the US can be overtaken in AI matters. The USA is already leading and investing the most into the future.
    - 1y ago