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The Demoralization is just Beginning | the singularity is nearer

geohot.github.io · 910 words · saved by 1 readers

This is a map of primary trading partners, US vs China, and how it has evolved over the last 20 years. Think about it, and realize this probably reflects your experience. I know there was a similar panic about Japan in the 80s, but Japan by population has always been 3x smaller than the US, whereas China is 3x larger. In addition, we had and have military bases in Japan. This is not the same situation. The US, since I have been born, has been coasting. The main product made by the US is the dollar, and it used those manufactured dollars to outsource everything. Most jobs in the US are now basically fake. It’s an economy in which five people stick a pipe in the ground, but that pipe is the fed and the oil was the good will built up over 1870-1970. In 2008, with the bailouts, it was made clear that the US has no interest in reform. The next decade, in perhaps a spitting in your face move, the fed made the interest rate 0. Known as ZIRP, this had never been done before. This led to insane

This is a map of primary trading partners, US vs China, and how it has evolved over the last 20 years. Think about it, and realize this probably reflects your experience. I know there was a similar panic about Japan in the 80s, but Japan by population has always been 3x smaller than the US, whereas China is 3x larger. In addition, we had and have military bases in Japan. This is not the same situation. The US, since I have been born, has been coasting. The main product made by the US is the dollar, and it used those manufactured dollars to outsource everything. Most jobs in the US are now basi

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