Is this the bit where I say "I told you so"?

So some years I have been preaching economic reality over a corrupted Capitalust system pushed by Western Democracies and with America leading the charge since the mid 1980's and Bush 2 and his bank bail out. No one listens. Thats fine. I am ready. Not in a bunker with guns and ammunition, but with my finances arranged to survive whats coming, which will be an economic war, not a shooting war. So to all you people who believe everything is going back to normal when you get the vaccines, here is a little light reading.
(You Trump believers can just colour in the margins.) 😉
https://www.news.com.au/finance/economy/world-economy/xi-jinping-doomsday-prepping-for-black-swan-and-grey-rhino-threats/news-story/32627fe60ab52967e3aca1d64114c5d3

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Ynotisay · M

Interesting article. One thing about the Chinese is that they play the long game. And because they make policies irrespective of the "will of the people," I think they'll be better positioned if/when the bubble bursts. Yeah. They're reliant on U.S. exports but the new Asia-Pacific Trade Pact, of which the U.S. is not a part of, is going to give them a safety net.

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Ynotisay · M

@whowasthatmaskedman I think you're right. And there could very well come a time when China says, 'We're done U.S.. Have someone else make your stuff." That would bring the country to its knees.

whowasthatmaskedman · 70-79, M

@Ynotisay You see a taste of things to come in the shortage of computer chips right now. Thats not deliberate. But the time and investment required to ramp up production for the unintended demand is limiting supply in places like the car industry. Just imagine the Chinese decided not to ship a few critical auto components that are part of every "American" car.

Ynotisay · M

@whowasthatmaskedman Yeah. It's going to take a year or two to ramp back up. It was a perfect storm of slowing/stopping production. I think what's going to take place, which is already in motion, is both the U.S. and China will manufacture chips for themselves with Taiwan continuing to be the big exporter. Too much is at stake and they're wildly complex products to produce.

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