To: Cogito Ergo Sum who wrote (13379 ) 3/29/2025 1:32:47 AM From: elmatador 1 RecommendationRecommended By Broken_Clock
Read Replies (1) | Respond to of 13775 You have not followed geopolitics and you are not alone, in fact you are one among a vast majority. Then the world have a tiny minority f a few countries which comprised the core of the world economy. The G-7 That is what I call the "Action Among Friends". Those are the Good. The bad, were the COMECON countries of the former USSR As you can see i8t was Black and White. Good & Bad. Out there, la bas, where the Ugly, the dirty, the shirtless. Simply they had very little money and next to no power. Next, that order collapsed because the USSR went kaput. This is 1990. Japan stopped growing. That clean neat Japan that the west was afraid off. But note that for the past 10, after Deng, China had started to change and that Bad had become Ugly and want to get rich. It was made easy because very few westerners wanted to work hard. They thought, besides being beautiful they were special. How it worked: China needed a market for its goods and lots of food, energy and materials. That, per se, created a world market. It worked like this. China exported. Got dollars from the beautiful and spread that money among the ugly. That pull was felt by the whole world by about 2010. The beautiful needed to do something about. What did they do? They printed money. At first started slowly by Greenspan. Then they felt the rich countries no longer could wag the dog. They despaired. This was the decisive change. A new generation of people started thinking money grew on trees. By being special they could print till doomsday. Boy they were wrong. The Easy Money era brought about groups of people that thought they would make money by "saving" the planet. They were the Clean and the Ugly were the Dirty. By the time they woke up their countries were in debt to their ears. Something needed to be done. We are now in this situation where these countries that have partied with easy money are feeling the hangover. They need to cut debts. Enter Trump. That Action Among Friends no longer works.