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The decline of the West

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Posted By: Dreadnought, 7/31/2021 11:39:02 PM

David Goldman (also known as “Spengler”) summarizes with approval the analysis of Chinese professor Jin Canrong. The professor’s thesis is this: [T]he United States has issued a massive amount of excess currency due to the epidemic, and the amount of currency issuance far exceeds the normal needs of economic development, so there is a situation in which more currency is issued but production cannot be restored. Inflation in the United States is rising, which will put a lot of pressure on the U.S. finances. The U.S. federal debt is approaching $30 trillion. What does this imply?

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Reply 1 - Posted by: dickiedeeb 8/1/2021 12:32:59 AM (No. 863873)
It seems to me the root cause of the death of empires is complacency if im wrong educate me
10 people like this.

Reply 2 - Posted by: stablemoney 8/1/2021 12:33:29 AM (No. 863874)
The rising debt is going to put a lot of pressure on your finances, as your purchasing power diminishes. The government intends to pay the debt by printing the money. The growth in GDP is not driven by production, but by inflation. Not only will the value of your money fall, but everything will be in short supply, both goods and services. All this Covid, wage hikes, and only vaccinated allowed in restaurants, the meal is going to cost you $50 for a sandwich. China has declared war on us, already owning the Democrats and the Republicans. We are to be masked, distanced, forced out of our jobs, and forced into submission by the Chinese and their co-conspirators. The Chinese want open borders. They have 1.3 billion people, and now want them to have 3 children. Where do they intend to live? They intend to live here. Taiwan can wait. We are the target.
18 people like this.

Reply 3 - Posted by: ColonialAmerican1623 8/1/2021 12:42:50 AM (No. 863876)
We have become a social experiment. Reminds me of the guy who tried to break the Bank of England. Just saying.
14 people like this.

Reply 4 - Posted by: The Remnants 8/1/2021 4:05:02 AM (No. 863913)
This should be a Must Read.
8 people like this.

Reply 5 - Posted by: mifla 8/1/2021 5:17:21 AM (No. 863920)
History shows that countries typically last between 200 and 250 years before they fall apart due to a sharp turn to the left. It appears to be our turn.
12 people like this.

Reply 6 - Posted by: anniebc 8/1/2021 7:23:33 AM (No. 863978)
The West is not just declining; it's being declined.
10 people like this.

Reply 7 - Posted by: franq 8/1/2021 7:41:37 AM (No. 863995)
#2 is correct as usual. Listened to a company quarterly webcast Friday. The CFO spoke glowingly about record revenues and earnings. I couldn't help but wonder how much inflation factored into it. 35,000 Dow? Is it because Doritos used to be $3 a bag and are now $6? Inquiring minds want to know.
5 people like this.

Reply 8 - Posted by: Sanchin 8/1/2021 10:26:22 AM (No. 864177)
I understand people's fear and hatred of China and I am certainly not here to defend them. The truth is that China and Russia act in their best interest, One cannot really make that statement about the United States. For decades the government has acted in the best interest of the Banks and Corporations. They have enacted policies and regulations that benefit these institutions while at the same time believeing that the world must submit to their demands and ideology. So as easy as it is to blame other countries for the financial reckoning that is headed this way the truth is the United States has no one to blame but themselves.
5 people like this.

Reply 9 - Posted by: MDConservative 8/1/2021 12:02:04 PM (No. 864308)
#8 is right on. American politicians of all stripes are joined as a UNIPARTY to support those corporations and to profiteer when possible. Seems the latest "concern" is Taiwan and South China Sea. No one wants to talk about how the US is ceding influence in Latin and South America to China's Belt and Road Initiative. For a fraction of what is spent on military power that is seemingly used for other than victory these days, the USA could have committed aid to these countries in our own hemisphere - instead fiddling in Iraq, Afghanistan and Syria. We failed, Republican and Democrat administrations, preferring to send those pallets of cash to Iran rather than Peru or Panama. Read Washington's Farewell Address...
2 people like this.

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