[Blasterlord2]

https://www.facebook.com/kinlian/posts/p...twL2XEst3l

[Blasterlord2]

I copied the article in full here.

The Chinese economy is FAR MORE powerful than the United States economy.

The United States is handicapped by the use of the U.S. dollar as the world’s reserve currency. This policy makes it too expensive to manufacture in the United States, creating a chronic trade deficit. Let’s consider several metrics of the two economies:

Steel Production. China produces TEN TIMES the amount of steel that the United States produces.

The United States is not even in the race. As of today - 2023 - the United States produces 15% LESS steel than it produced 25 years ago. American steel production is down 30% since 1970.

This difference is important for national security. In a conventional war between the two countries, China would bury the United States. In early June 2023, an American admiral told Congress that China can produce three warships in the time that it takes the United States to produce one ship. The admiral recommended that the United States consider building its ships in Japan and Korea.

Auto Production. In the area of autos — China is the number one auto exporting nation in the world. As of June 2023, the top five auto exporters were China, followed by Japan, Germany, South Korea and Mexico. The United States does not even rank in the top five.

The United States exported most of its auto production to Mexico under NAFTA. In 1970, the United States produced almost ten million cars per year. In one week, in May 1970, the United States produced 182,332 passenger vehicles. Now, the United States produces only a fraction of these numbers — about 1.4 million vehicles per year. That’s a decline of 85%, attributable to President Bill Clinton and his friends on Wall Street.

The numbers are reflected in declining employment in the American auto sector. Detroit moved 360,000 of 390,000 auto jobs out of the region, leaving the city to literally collapse. Large portions of the city were bulldozed. America’s former auto factories in Detroit are now rusted and abandoned. The same is true with America’s former steel mills in Pittsburgh and Gary, Indiana. Gone and rusted.

What passes for auto production in the United States today is largely ASSEMBLY of parts IMPORTED from other countries, namely Mexico, Japan, Taiwan, Germany and China. Assembly does not add much value, or give the United States control of important productive capacities.

Meanwhile, China is rapidly getting rich by producing vehicles for the world. China produces 21.4 million cars per year — twice America’s production of passenger vehicles in 1970. That’s over fifteen times American current production of cars. Furthermore, China’s vehicles are top quality, and in demand. Forty percent of the cars produced by China are electric vehicles.

Pharmaceutical Ingredients. China, together with India, dominate the production of active pharmaceutical ingredients (APIs). In contrast, the United States imports at least 80 percent of the APIs that it consumes. In other words, the United States would likely have difficulty making an aspirin. A government commission recently raised a warning flag on this issue. However, the report was ignored by the U.S. media and the U.S. government.

Aerospace Technology. Let’s look at aerospace technology. In 2010, President Obama was in Beijing, pledging to cooperate in the transfer of American technology to China. President Obama succeeded beyond his wildest expectations. Today, China has the ability to produce large commercial aircraft — such as the Boeing 747. It is gradually acquiring the remaining technologies needed to produce this type of aircraft, enabling it to compete with Boeing and GE Aerospace.

China recently built its own space station. The United States shares its space station with Europe. After shutting down its space shuttle program, the United States had no way to get astronauts to the space station. It had to rely upon Russian rockets, for nearly a decade.

The United States is currently trying to send a man back to the moon. However, given the atrophy of the American industrial base since 1970, this could be a difficult task for the United States to complete. China, on the other hand, seems well poised to be the next country to put a man on the moon. China recently placed a rover on the dark side of the moon, something the United States has never done. It has plans to place a man on the moon by the end of this decade.

Rare Earth Minerals. Rare earth minerals are necessary to produce magnets for electric vehicles and wind turbines, and screens for cell phones.

In 1974, the United States accounted for 78% of global production of rare earth minerals. By 2017, it produced none. It shut down its mines, and preferred to import the minerals.

Today, China controls a majority of the world’s supply chain for these types of minerals. China controls 89% of the world’s separation capacity, 90% of the world’s refining capacity, and 92% of global magnet manufacturing. China also mines a large percentage of the world’s rare earth minerals.

As of 2023, the United States has reopened a single mine, and now supplies 14% of world output. However, as indicated above, the United States generally does not have the ability to process the minerals. Most of the American production is sold to China, for processing there.

Clothing and Furniture. China also dominates traditional industries, which remain essential for any quality of life. For example, China has the ability to weave cloth and make clothing, in large quantities. It also has a large furniture manufacturing industry.

The situation is very different in the United States. In 1970s, the United States produced most of its own clothing. Those days are now gone. Today, the United States imports 98% of its clothing. During the covid years, it became clear that the United States does not have the ability to mass produce face masks. That has not changed. All of America’s major jean manufacturers closed their American factories by the early 2000s. The same is true with America’s former furniture industry. The factories are generally gone, replaced by imported goods.

National Self-Sufficiency. Since the 1950s, China has steadily pursued a goal of national self-sufficiency. Increasingly, China can make anything it needs, with the exception of the most advanced computer chips. Soon, it will be able to make those too. Increasingly, China is solving its reliance on Middle Eastern oil, by obtaining oil from Russia.

Meanwhile, the American business leaders express contempt at the idea of self-sufficiency, calling those ideas outdated. Presidents Clinton, Bush II and Obama have left their nation dependent upon the world’s goods, with no ability to pay for them. Today, the United States imports 50% of its fruits and vegetables, 99% of its clothing, virtually all of its computers, televisions and cell phones, virtually all of its pharmaceutical ingredients. This is a recipe for failure.

The United States boasts about its “supply chains.” Its boasting is another way of saying, “We can’t make that.” We see this poor planning in the steadily declining industrial capacity of the United States. In 1977, the United States had 192 manufacturing facilities that employed more than 5,000 persons. By 2007, that number had dropped to only 49.

Since 2000, the United States has closed more than 80,000 factories. This adds up to military and economic weakness, on the part of the United States. Given today’s resources, there is no possible way the United States could replicate its performance during WWII.

Military Technology. The difference in the two economies is starting to show up in military technology. China is now ahead of the United States militarily, in terms of number of ships and the size of its army. In a conventional war, China would decisively defeat the United States in an Asian theater.

China can produce supersonic cruise missiles, that travel at 11 times the speed of sound. The United States does not have the ability to produce these. It is questionable whether the United States can intercept a supersonic missile. In May 2023, China released a war-game study, claiming that it could sink most of the American fleet off of its coast, with just 100 supersonic missiles.

Meanwhile, the United States has outsourced portions of its defense base — making it questionable how long the United States could fight a conventional war. For example, modern weapons require traditional “black powder” to ignite the weapon. According to recent news reports, the United States had only ONE factory that could make black powder. It burned down, and had not been replaced as of early 2023. The United States thought it was easier to simply import black powder from other nations.

Until recently, the advanced chips necessary for America’s F-22 fighter jets were made ONLY in Taiwan, a region that is part of China and is currently in a civil war with mainland China. It is unclear whether the United States has succeeded in moving the chip-making machines to America as of this date. Its efforts to move Taiwan’s chip-making facilities to the United States have been met with delay, and the inability to find qualified people in the United States.

The United States currently faces years of delays in the production of weapons for the Ukraine War. The United States is currently talking about importing weapons from South Korea, for use in the Ukraine War.

A Washington D.C. think tank recently reported that it would take the United States five years to replenish its stocks of 155-mm artillery shells, due to the deteriorated industrial base in the United States. To deal with the production backlog, the United States is providing the technical data for the artillery shell to Australia, so that Australia can produce the shells instead.

Balance of Trade. The balance of trade sums up how successful an economy is. China has an annual trade surplus of about $750 billion. The United States runs an annual trade deficit of nearly $1 trillion. This means that the Chinese RMB will likely appreciate, while the U.S. dollar will fall.

As of now, the dollar is propped up by its use as the world’s reserve currency. People need dollars to buy oil. That is about to change, creating significant problems for the United States.

Look for major changes in the United States over the next two years. If the United States does not voluntarily migrate the price of commodities to a different, world currency, the U.S. dollar will drop dramatically when this project is done by BRICS. The consequences of this could be devastating in the United States. Would your rather live in a country filled with shopping malls, or a country that can make machine tools?

In short, the United States is competing with Africa for the LOWEST standard of living on the planet. This will become clear by the end of the decade.

[WhatDoYouThink!]

"In short, the United States is competing with Africa for the LOWEST standard of living on the planet. This will become clear by the end of the decade."

Not acceptable to ermaos at all. Beat dead they aso dun believe. How can their assmarrycunt daddy become so 落魄?