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Will China end up owning the World?

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Not sure if this is Corporate America's way of asking for more funding, but it's reported that China's AI and tech is no longer an inferior knock-off. It's possibly on the verge of becoming a peer competitor.

btw, what the heck is Eric Schmidth of Google/Alphabet doing advising the Pentagon?

https://www.reuters.com/article/us-...i-military-edge-over-u-s-report-idUSKBN1DS0G5

Recently saw interviews and a lecture by US professor McAvoy on the decline of the American Empire [his latest book is "In the shadow of the American Empire"].

Fascinating analysis.

Kicking off some 100 years ago in a lecture where some egghead explain how Euro-Asia is not two continent, but a single landmass being separated into two because of the massive emptiness between the two axis.

How the European empires managed to escape from the barbarian hordes from the East, head further West and South, "discover" the natives weren't using deadly enough weapons so decided to help civilised them and became rich.

Then how, after WWII, the American empire managed to take the French and British imperial holdings, linking up and controlling both the Western and Eastern axis of that Euro-Asian landmass and rule the world, I'm sure he meant free the world, for the past 70 odd years.

Now comes crunch time.

China cannot, at present, match American military or economic might. But it doesn't really need to.
It simply try to make peace [buy off] neighbours it hasn't yet need to help liberate... decide which ones is ripe for picking... and decide where are the weak points in American defences and offence capability to strike at or challenge without serious resistance from the US or anyone. Say, taking over the entirety of the South China Sea.

Then there's the US dollar as the world's reserve currency. That's one of the main thing that managed to not bankrupt the US imperial machine: just print more money.

But like the British Pound some 5 decades ago... the moment the world do not see the need to have the pound as its reserve currency, the empire start goes into the sunset.

What causes the world to see the British as a has-been? Or see the US in the same way? Just some small, minor, relatively insignificant skirmish where it loses to an up and coming power.

He points to the Brits losing its prestige when it team up with the French and Israeli to take back "its" Suez Canal from Egypt in the 1950s. Sending men and arms into Egypt just to be told to go home when the yank dial the number.

Or, from what I read before... the Czarist Russia losing that battle to the rising imperial Japan. That battle lost the Russians most of its holdings in the East. Lost the Czar his rule.

Then there's Trump... who according to McAvoy [?] pretty much do everything to hasten the decline. From pizzing off allies like S.Korea, Japan and insulting our dear Turnbull... all within the first few days or something. Cancelling the TPP - which would seriously diminish the average American [and citizens of those countries who signed up]... take their rights, destroy much of what's left of their democratic liberties, screw them out of their economic security etc. etc. ... but, according to this guy, would at least take away the some 60% of the world's trade away from China.

With China's One Belt, One Road; the trade pact, IMF-equivalent.

Interesting time ahead. Humanity might not live to see the next century.
 
luutzu said:
Now comes crunch time.

China cannot, at present, match American military or economic might. But it doesn't really need to.
It simply try to make peace [buy off] neighbours it hasn't yet need to help liberate... decide which ones is ripe for picking... and decide where are the weak points in American defences and offence capability to strike at or challenge without serious resistance from the US or anyone. Say, taking over the entirety of the South China Sea.

Then there's the US dollar as the world's reserve currency. That's one of the main thing that managed to not bankrupt the US imperial machine: just print more money.
Click to expand...

There has to be reason China is buying $h++ loads of Gold, maybe when the dust settles and the GFC becomes a non toxic topic, China may suggest the best way forward is to re establish a Gold standard.
All hypothetical, and I don't own gold or gold shares, but there is definitely a little bit of smoke.
 
sptrawler said:
There has to be reason China is buying $h++ loads of Gold, maybe when the dust settles and the GFC becomes a non toxic topic, China may suggest the best way forward is to re establish a Gold standard.
All hypothetical, and I don't own gold or gold shares, but there is definitely a little bit of smoke.
Click to expand...

Yea, it's a bit strange all these fiat currency.

I guess I should know why free floating money is a good thing but I never really understand why it's a good thing.

If money is not backed up by gold but by the promise of the US [and respective country's] treasurer... you have got to keep people's faith that your currency wouldn't be supplanted by another country's currency. Else it'll be worth as much, or less, than the paper it's printed on.

Not sure how serious or accurate this other analysis from former US chief of staff to Colin Powell is, but saw an interview where he said that one of these days when the US threaten to sanction another country, they'll just shrugged and go trade with China, or Russia. Maybe not Russia unless it's for oil and Vodka :D

I remember reading a bio by the founder of Sony. He describe how back in the 50s and 60s, goods from Japan were considered cheap rubbish. Didn't take them long to ramp up the quality and manufacturing know-how.

China is, from memory, already leading the world in solar panel manufacturing [and usage]. With those billions, and that's about to grow given the rescinding of that one-child policy just recently... that and their growing influence now and from the funding and management of those ports, rail, roads, grids around the world... what China adopts might be the new standard for future industries.
 
luutzu said:
Yea, it's a bit strange all these fiat currency.

I guess I should know why free floating money is a good thing but I never really understand why it's a good thing.

If money is not backed up by gold but by the promise of the US [and respective country's] treasurer... you have got to keep people's faith that your currency wouldn't be supplanted by another country's currency. Else it'll be worth as much, or less, than the paper it's printed on.

Not sure how serious or accurate this other analysis from former US chief of staff to Colin Powell is, but saw an interview where he said that one of these days when the US threaten to sanction another country, they'll just shrugged and go trade with China, or Russia. Maybe not Russia unless it's for oil and Vodka :D

I remember reading a bio by the founder of Sony. He describe how back in the 50s and 60s, goods from Japan were considered cheap rubbish. Didn't take them long to ramp up the quality and manufacturing know-how.

China is, from memory, already leading the world in solar panel manufacturing [and usage]. With those billions, and that's about to grow given the rescinding of that one-child policy just recently... that and their growing influence now and from the funding and management of those ports, rail, roads, grids around the world... what China adopts might be the new standard for future industries.
Click to expand...

That is why Trump is pushing like hell, to crank up U.S production and penalise U.S companies off shoring production.
He has the right idea, but it is difficult in a capitalist system, to stop manufacturers from seeking the lowest labour costs.
This is where China has it all over the U.S, in a communist economy, it doesn't have the same outcome drivers.
All China wants to do, is get people working, whether it is profitable or not is secondary. Once you have the masses working, you can introduce taxation and increase the cost of the product.
They are starting from an extremely low cost base, compared to western countries, therefore the amount of money they can pour into product development and improvement is huge.
As you say it is much like Japan in the sixties, Jap $hit in 1962 turned into Honda 4 motor bikes and Honda Civics in the late 1960's, then came the Kwaka 9's.
The rest is history, now Chinese go to Japan to buy electrical goods, they don't look for made in U.K or made in U.S.
 
sptrawler said:
That is why Trump is pushing like hell, to crank up U.S production and penalise U.S companies off shoring production.
He has the right idea, but it is difficult in a capitalist system, to stop manufacturers from seeking the lowest labour costs.
This is where China has it all over the U.S, in a communist economy, it doesn't have the same outcome drivers.
All China wants to do, is get people working, whether it is profitable or not is secondary. Once you have the masses working, you can introduce taxation and increase the cost of the product.
They are starting from an extremely low cost base, compared to western countries, therefore the amount of money they can pour into product development and improvement is huge.
As you say it is much like Japan in the sixties, Jap $hit in 1962 turned into Honda 4 motor bikes and Honda Civics in the late 1960's, then came the Kwaka 9's.
The rest is history, now Chinese go to Japan to buy electrical goods, they don't look for made in U.K or made in U.S.
Click to expand...

Trump should be doing what he says on these jobs and economic issue, just he knew it's all talk though.

Tax cuts, trade policies, removing environmental protection, consumer protection...
His eviction of illegals are not done so Americans can have those jobs. Beside his racism, so he get a personal kick out of it... he's simply following on Obama's policy of deportation. Just he's not as good a salesman and actor as Obama so he sounds like a racist a hole doing it.

I mean, illegals are removed because American Ag is automating all those labour jobs in the fields. No longer need them so off to the old home they go.



The way Clinton and later admin privatise the prison operations, it is more profitable for corporations that there are prisoners they can charge the gov't for.

At some $40K per head per year... it's more gain and not much lost [as far as they're concerned] to not care too much about unemployed and desperate people committing non-violent crimes.

When there's money to be made from excess population, there's not much incentive to keep them employed or trained too well. Particularly when you can also use high rate of unemployment to scare them out of asking "for too much" and/or automate their piecemeal work.

Though it might get to a point where it's no longer just the blacks and browns that's being screwed. White Americans are starting to also get shafted too... highest rate of suicide since ever; feeling of hopelessness and a lost of their country to poor brown and black people who's probably doing just as tough or a lot tougher.

It's coming head to head and the US gov't either crack a lot more heads or use what little GDP it has left after upkeeping the imperial ventures... use it on the masses more than just putting it towards tax cuts for the rich and corporations.

It's actually one of the reasons the US ultimately withdrew from VN, "losing" the war there. Most of its key objectives have been met, businesses at home aren't all in the game and so are losing out, and there are rising unrest at home US generals can't have all their troops deployed else there's no one around to keep the peace at home. True story.

Compare that to China... they mostly shoot their prisoners and send the parents/relative the bill for the bullets, maybe the burial expense. So yea, more incentive to put people to work than locking them up.
 
If history repeats Pax Romana, Pax Brittannica and now Pax Americana will keep China from the top rung for a while yet.

500years of Anglo Saxon "white man's " burden ain't over yet.
 
I'm guessing we inputted the the following into and equation, it might be interesting

Greek Empire 340 years
Roman Empire 500 years Pax 200 years
British Empire 400 years Pax 100 years
American Eempire 100 years Pax 70 years
 
US and Chinese "foreign aid" spending.

china aid.png
Foreign-Aid.jpg
 
sptrawler said:
China has really never been a warring nation, they built a wall to discourage Mongolian incursions, slowly and under the radar would be their option.IMO

http://dfat.gov.au/trade/agreements/chafta/fact-sheets/pages/key-outcomes.aspx
Click to expand...


You probably read that from a Beijing sponsored journalist/politician. :D

Eastern [Latter] Zhou's
The Chou's empire split into various kingdoms during this Latter Chou's period.
The Chou emperor technically ruled, but power power pretty much resides in each of the state's warlord.

This 500 years were further split into two periods: The Spring and Autumn; The Warring States.

During these centuries, each state pretty much develop its own culture and dialect. Their kings and armies fought each or allied together to fight and defend against more powerful states.

Kinda like Europe being a Christian state, just aren't always peaceful and nice to each other.

eastern-zhou-dynasty-map1.gif


State of Qin [Chi'n]
Chin'a is that puny state in the western desert after 250 years of the Spring and Autumn going into the Warring States.

qin500bc.png


Chi'n Conquest
The First Emperor sweep up the remaining 7 states, forming Chin [China].

Unifying the standards, currencies, hairstyle etc. Burrying a few thousand scholars and burning a few libraries... kill a few terrorists no doubt.

Soon after the First Emperor's death, the state of Han and Chu vied for hegemony.

Well, Chu pretty much sweep over the Chi'n, create Han as one of its tiny vassal state. But Liu Bang has other ideas and soon take over Chu, establishing the Han Dynasty.

It was under Han Wu, Liu Bang's great, grandson [?] that Confucian was established to unified the various cultures into a Han majority [aka Chinese] people.

And that's only the beginning...

The Koreas was a united vassal state. Vietnam was subjugated on and off for over a thousand years. Japan was another vassal...

qin 221.jpg



Han Wu also established the Silk Road. A trade route that enriches and established Han's China as the Middle Kingdom.

Say hello to the new Silk Road:

one belt.jpg
 

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