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Forum - Wall Street Pit    Stock Due Diligence for All

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From: alectric (Rep: 177)Date: 03/24/2020 17:16
Forum: Wall Street Pit - Msg #2827833Thread #674136008 (Rec: 3)
Anybody get the sinking feeling that China will emerge as the #1 superpower when this is all over? We're spending trillions upon trillions of dollars to get ourselves out of a hole to combat this virus while they nipped it in the bud. They have the factories re-opening and in the meantime can meet internal demand while we retrench. Eventually, China will insist that all international trading be done renminbi rather than dollars because the US keeps printing up more and more at an ever accelerating pace. That's when inflation will really take off in the US because the Chinese goods will cost so much more with so many dollars in domestic circulation that must be converted eventually to renminbi.

This is not unlike what happened after WWII. The US came out of the war virtually unscathed, while Europe was in shambles. The US factories started churning out consumer goods to meet American demand and to help rebuild Europe under the Marshall Plan. Britain lost its empire once-and-for-all (its decline really beginning after WWI) to the US. I think the same is now happening with China on deck to displace the US. Only we'll see totalitarianism rather then freedom with big tech surveillance watching your every move.

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