Showing posts with label Largest Economy. Show all posts
Showing posts with label Largest Economy. Show all posts

Friday, November 27

Our Changing World: The Enemies of our Enemies

My recommendation if you are in the mood to listen is to learn to speak and write Mandarin Chinese
because our world will soon belong to them from an economic and military standpoint...  even though the USA will remain a world power and leader...  it will just no longer have its ON THE TOP image.

Right now...
  • China has the largest military in the world
  • China has the strongest economy as far as Purchasing Power Parity is concerned
What is purchasing power parity?
Purchasing power parity (PPP) is a popular metric used by macroeconomic analysts that compares different countries' currencies through a "basket of goods" approach. Purchasing power parity (PPP) allows for economists to compare economic productivity and standards of living between countries. SOURCE: Investopedia 2020

Under a Biden Presidency...
the military budget will be reduced
the social programs budget will be increased
Medicare for ALL will be presented and no doubt approved
taxes will be increased on the wealthy
monies will be diverted to a Green New Deal

                    

Since the USA is a prominent GLOBAL MILITARY POWER and PRESENCE, favoritism and the need for protection and security will lean towards the EAST and CHINA.  And...  while I am not an expert on these matters, it seems only logical that this will follow...  especially since the monies of the US will be tied up in social programs and preventing global warming.

New jobs will be created and this is good but it will not strengthen the military nor will it leave much money left over to help and/or protect our allies and neighbors.

We simply will not have the money to do both unless we borrow money or devalue our own dollar... 

As the USA changes so too will the rest of the world...  If and when the USA decides to reduce its military, then we will no longer be in a position to fight wars in other countries...  which is perfectly fine with me and many others...  but, this change of attitude will push these countries into a different direction and they will no doubt come under the protection of the Chinese Government along with the help of Russia and more than likely most of the countries in the Middle East who HATE the USA for pushing their way of life on them.

Economists predict that the GLOBAL ECONOMY will shift dramatically in the direction of the EAST sometime between 2030 and 2050 as the population shifts into that direction as well forcing the need to have economic development.

Americans will be better off and the rest of the world will NO LONGER NEED THEM...  and it is at this point-in-time when the enemies of our enemies will no longer support us.