Comment

Comment on What's it going to take to truly stop the US?

China is going to flip the script very soon. They have already overtaken the USA on some economic metrics, their industrial power is growing while the petro-dollar is in its death throes and American trade power is collapsing on every front.

America’s only real power remaining is the military, which is incredibly strong, but maybe not enough to exert power over a world united behind China’s Belts and Roads diplomacy while simultaneously dealing with a divided populous at home.

source

Sort:hotnew top

Holytimes@sh.itjust.works ⁨4⁩ ⁨days⁩ ago
If America has to go full warmonger those over seas will be fine if they can last the initial onslaught.

It’s more Canada and Mexico that will just get absolutely fucked.

source
UnderpantsWeevil@lemmy.world ⁨4⁩ ⁨days⁩ ago

China is going to flip the script very soon.

They’re one of the few rapidly developing economies left, following the post Soviet stagnation.

But that just introduces another superpower on the world stage. It doesn’t eliminate the US in any material capacity.

America’s only real power remaining is the military

America’s biggest card to play is the Petrodollar. The military has facilitated destruction of competition. But our ability to dictate currency flow and command global trade via a monetary system our federal bank controls is so much more important.

Everyone keeps saying Europe and Asia will go their own way. Let me know when they finally do. Because I’m still waiting.

source
- FlyingCircus@lemmy.world ⁨4⁩ ⁨days⁩ ago
  The Petrodollar is dying fast though, with some saying it’s already dead.
  
  source
  - UnderpantsWeevil@lemmy.world ⁨4⁩ ⁨days⁩ ago
    It is absolutely not. The USD has enormous international buying power today, after coming off a bull running dating back to the '08 crash.
    
    source
    FlyingCircus@lemmy.world ⁨4⁩ ⁨days⁩ ago
    The backbone of the petrodollar is the deal with the Saudis where they agreed to exclusively trade oil in USD. That deal is no longer in place. Furthermore, Iran is reaching rapprochement with the Saudis, and the Trump tariffs have destroyed US trade credibility. The geopolitics of oil are shifting, and not in the US’s favor.
    
    This is the real reason the US wants to steal Venezuela’s oil now. Their global oil hegemony is no longer enforceable through soft power.
    
    So the petrodollar may not be dead today, and it may cling onto life for another decade, but (to my view) the writing is on the wall.
    
    source
    -> View More Comments