>China vs America, World ShowdownYes America has grown fat and arrogant since 1945, and gone completely off the rails with hookers and blow, pillage and plunder when their only global rival USSR/COMMUNISM was DEFEATED in the '90s.
Remember, stocks go up because of the SOVEREIGN BOND foundation... equities are kinda like adding leverage to a blue-chip country.
China saw opportunity to expand globally through trade and now they have a base and the technology and experience to no longer require SWIFT.
Again, if the US was acting properly they (Xi Jinping, et al) would not NEED to spend a horrifying amount of time, effort and money into building an alternative. But as we've seen with the US leveraging their financial trust position to try to eat Russia etc etc it has become necessary - see Kazan for the gameplan.
Finally, there was a very interesting demonstration in Riyadh a couple weeks ago: China auctioning USD Sovereign Bonds. Long post, but probably worth thinking about.
If US Treasuries and SWIFT get corners shaved off in world trade, it could lead to US Sovereign Debt Crisis since we're already overleveraged as it is.
Will be an interesting decade for sure.
https://x.com/RnaudBertrand/status/1859446480198828360 