The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: elmatador who wrote (12861)	8/4/2024 10:47:04 AM
From: Elroy Jetson	of 13783

It's the continual process of economic development. Manufacturing costs and wages in China with a shrinking labor force have become too costly, so manufacturing is leaving China and is quickly being relocated elsewhere. . Five years from now the world will be marveling at how quickly China collapsed in a way that was similar to Japan, but without Japan's wealth. China is operating a noisy propaganda operation, but it's getting harder to hide the actual facts on the ground behind their grand tiresome proclamations. Xi has centralized all decision making, eliminated potential successors, and is overseeing China's rapid decline - he's a home-grown disaster. Much of this work for America has moved to Mexico. With a younger and highly educated population, Mexico has now America's largest trading partner. "Globalization" in America's economy, which was never terribly globalized, has largely been undone. Minerals and some energy comes from Canada. In turn, Mexico is out-sourcing work which requires very low labor costs to Colombia - a 4.5 hour flight to the south of Mexico City. . Europe is not as far along in the de-globalization process, so has a lot of work to do yet.

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