china GDP to debt ratio is 87% and they are already so far ahead in infrastructure, USA GDP to debt ratio has passed 100%. Realistically are we just cooked?
>>534206179it is only gonna get worse, this is the great inversion. the chinese will do to us what we did to the soviets at the end of the cold war: bankrupt us as they exceed us in tech and we try to catch up in vain.learn mandarin, white man.
>>534206179
>>534206243It's not really. You live in a total shithole "country" with nothing to show for its trillions and trillions in spending
>>534206179World War II began 1939, Britain's national debt-to-GDP ratio was roughly 135% to 150%. This high level was due to debt carried from WWI. This ratio increased during WW2, peaking at over 250% of GDP by 1946.The debt after World WW2 had a transformative & ultimately dismantling effect on Britain & its empire, shifting the nation from a global creditor to a debtor dependent on America. Britain could no longer afford the military costs of controlling faraway colonies like India, which gained independence in 1947. To secure the $3.75 B Anglo-American loan of 1946, Britain had to agree to U.S. terms that dismantled "imperial preference" trade systems, ending the empire's economic unity. The debt owed to colonies became worthless after the pound's devaluation, destroying trust in the imperial financial system. Britain could no longer act independently on the world stage without risking immediate collapse. Rationing of food and fuel continued in Britain until 1954, longer than in defeated Germany. Britain aggressively cut its defense budget from 50% of GDP in 45 to roughly 5% by the 1960s. The final installment of the 1946 loans from the U.S. & Canada was not paid off until Dec. 29, 2006.In 1939 Britain was the waning global hegemon. Today America is the world's primary reserve currency issuer, yet a case can be made that Pax Americana is in terminal decline.The Banking Cartel that used the British & American Empires like a rag to enforce its position & order, has worked in the post war period to prepare another instrument of its machinations, leading into the WW3 reset; however, China seems uninterested in assuming a role that requires aggressive foreign policy kinetic action, outside of dominating the world with mercantilism, thus far it's cultural preference is to focus inward, despite all external training efforts/provocations.We wait for the inevitable rug pull https://iran-cost-ticker.com/ ...or not. $USD strengthened since the Iran conflict.
