XPost: talk.politics.misc, alt.russian.z1, alt.politics.economics

<https://tinyurl.com/bdhcdzkw> nakedcapitalism.com

.. Collapse of America's Economic Empire ..

..The American debt .. cannot be paid. There is no way that the
United States can or would or is willing to somehow pay the amount
of money that other countries hold as loans to the United States ..
There is no way that America is willing to pay these debts, either
by exporting because it's deindustrialized and it's not running an
export service anymore, or by selling off its industry to foreign
buyers.

The United States until this year has said that if foreign
countries could not pay their finances .., they had to do so by
privatizing their public utilities, selling off their infrastructure
to foreigners, selling off their mineral rights, selling off their
land to foreign investors. The United States is not willing to do
what it's insisted that other countries do .. So other countries
realize this double standard, that they're really not getting
savings that can be converted into ownership of U.S. industry or
agriculture or infrastructure or anything else ..

And so .. you're having a move to seek an alternative to the U.S.
dollars .. The United States .. is saying, well, yes, a debt is a
debt on the balance sheet .. We owe foreign countries more money
than there's any way we can see can be repaid. But that's it. It's
a debt that will never be repaid ..

There's no trust anymore in the system .. And we see not just the
opponents such as China being worried because they know they're
never going to get all their money back but also countries like
India are concerned .. Surely the rest of the world is looking for
alternatives ..

That's why the United States' foreign policy, now, .. is based on
preventing any alternative .. This is why the United States has
designated China, and any country that looks powerful enough to
create an alternative is viewed as an enemy .. Someday the United
States cannot get a free lunch anymore. And the first step in
preventing a free lunch is for other countries to recognize that
there is a free lunch and that they're essentially giving up money ..

The U.S. plan is .. that America can create an internet monopoly,
a computer monopoly, an artificial intelligence monopoly, a
chipmaking monopoly, and somehow use its monopoly earnings to
reverse the balance of payments deficit and reestablish world power.
That's a pipe dream .. Well, all of a sudden, it doesn't work
anymore .. We're doing everything we can to disrupt the ability to
other countries to be an attractive alternative to the dollar ..

...

The above is about how the US has become the Sick Man of the World.

The world's task is to manage the agony of the beast.

<https://tinyurl.com/23jx45b5>

Rising U.S. Debt: What Will Be The End Game?

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XPost: talk.politics.misc, alt.russian.z1, alt.politics.economics

<https://tinyurl.com/4yxamp2s> countercurrents.org

.. Death-knell ..

.. The US took over the position of postwar imperialist hegemon ..
However, with the beginning of the 21st century, especially after
the world economic crisis or "global meltdown" of 2007-08, its
stature as world's leading manufacturer and biggest trader has been
lost to China. Following the sharp decline in US gold reserve which
was 75 percent of world total in 1945 to less than 20 percent as of
now, that resulted in a loss of trust in dollar's continuity as
world currency, has unleashed a "de-dollarisation" trend too, in
which China has its overt and covert role. And of late, as a
manifestation of the inability to carry out the super-power
responsibilities incumbent on it including the maintenance of around
750-800 military bases across 80 countries of the world, US
imperialism has been backtracking .. It would be in order here to
briefly situate the important policy shifts that marked both the
ascending and descending phases US imperialism over a century ..

Read more <https://tinyurl.com/4yxamp2s>

US imperialism, which has been the postwar world hegemon, is now on
its descending phase .. US is still world's largest military machine
.. From a political-economy perspective, US is much weaker than
China. While US has higher nominal GDP, based on Purchasing Power
Parity, US GDP is only 75% of China. Today, 60% of the countries of
the world is China's trading partners; US has only 30%. US industrial production or manufacturing today is only half that of China ..
Coming to the crucial issue of export of capital, China's Belt and
Road Initiative .. is the largest capital export program in
imperialist history. In the process, many countries have already
become China's neocolonial dependencies .. In the sphere of "frontier technologies" such as AI, Digitisation, Biotechnology, etc.,
imperialist China is much ahead than that of US ..

...

Indian Communist assessment on the American decline.

<https://archive.is/PuUt6>

The world is moving on and the USD is failing to keep up

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XPost: talk.politics.misc, alt.politics.economics

<https://tinyurl.com/yl7m96hu> journal-neo.su

Trump as a Symptom: The Crisis of the USA ..

.. Asia is collecting the wreckage of the old order and constructing
a new one .. Asia long ago stopped listening with awe .. When America
leaves the room, Asia moves the furniture ..

...

Asian nations need to better solve mutual issues related to abuse of nationalisms (of various kinds), and then Asia has a very real chance
to become the [old] new Center of the Universe.

<https://archive.is/bvHIs>

.. the Post-American Order ..

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XPost: sci.electronics.design, alt.politics.economics

The US is a failing experiment. American democracy is a creedal/civic
nation. It doesn't work.

Emmanuel Todd had point out the obvious in his speech.

https://www.novabbs.com/interests/article-flat.php?id=19027&group=soc.culture.china#19027

"Unfortunately, I now find only one additional negative factor, which
appeared to me while reading a book by Amy Chua, a Yale academic who was
a mentor to JD Vance. Political Tribes: Group Instinct and the Fate of
Nations (2018) underlines, after many other texts, the unique character
of the American nation: a civic nation, founded by the adherence of all successive immigrants to political values ​​that transcend ethnicity. Certainly. This was the official theory very early on. But there was
also in the United States a dominant white Protestant group, which came
from a fairly long history and was fundamentally ethnic.

Since the pulverization of the Protestant group, this American nation
has become truly post-ethnic, a purely "civic" nation, theoretically
united by its attachment to its constitution and its values. Amy Chua's
fear is that America is reverting to what she calls tribalism. A
regressive pulverization.

Each European nation is, at its core, regardless of its family
structure, religious tradition, or self-image, an ethnic nation, in the
sense of a people attached to a land, with its own language, culture,
and steeped in history. Each has a stable foundation. The Russians have
that, the Germans have that, the French have that, even if they're a
little weird about these concepts these days. America no longer has
that. A civic nation? Beyond the idea, the reality of a civic American
nation deprived of morality by the zero state of religion is
mind-blowing. It's even chilling."

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