Loading ...I posted long ago that China in the future, would have key currency status. All part of the major reversals that I see unfolding. England had key currency status until after WW II.
After the war the globalists dumped reserve currency status onto the USA. It has a few benefits short term, but after time mostly negative, because the reserve currency gets a higher stronger value, and causes imports to get artificially cheap, and puts domestic businesses out of business.
So now the world has a fat wealthy China with climbing living standards since 1979, and ripe for the picking, or harvesting. In other words, its China’s turn coming up to buy “cheap” high quality imports from the USA and other countries for a change. Plus, China will be inundated with new environmental regulations, to help shut down and relocate manufacturing businesses to other countries.
In 2008, it became my view that the USA was in the same situation as China in 1979, and China after 2008 is like the USA in 1979. Topping off, plenty of growing wealth and higher living standards since 1945 to 1975, and ready for harvesting, industries to be shared with other countries via importing. That was us after 1975.
The future for the USA looks great, but the transition period might be uncomfortable for sectors and or that benefitted from the past or globalization.