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when it became clear that China is now the dominant productive economy supporting the global economy
No one of sound mind thinks this. While mainlanders were eating tree bark the American economy was better than it is today. Your existence is entirely optional to the rest of the world.
Do you know how to read and understand a graph? It seems not.
https://m.stacker.news/158816
USA has not had a trade surplus for 50 years- USA is in $40T Debt.
China enjoys annual trade surpluses of over $1 Trillion and growing.
Only the economically illiterate do not understand that this means.
After the GFC meltdown caused by reckless neoliberal financial system deregulation in the US it was China that kept the global financial system afloat- that is why the IMF invited China to join the board of reserve currency issuers- it needed China to maintain the petrodollar.
These are the facts that you are unable to stomach- your weak stomach does not alter the facts.
The Ukraine war was and remains is a challenge to the petrodollar empire post GFC when it became clear that China is now the dominant productive economy supporting the global economy.
https://m.stacker.news/158722
The IMF was forced to accept China onto the exclusive board of reserve currency issuers because the Yuan and China were the major pillar preventing collapse of the petrodollar empires global institutional framework and protocols.
China is still the only member of the board that is not both a monetary and military tribute state to the USA.
http://www.youtube.com/watch?v=p5Ac7ap_MAY
Iran war is the USA pushing back against Chinas growing challenge to the petrodollar. With the development of mBridge and CIP enabling Yuan denominated oil trade and that trade expanding to more and more gulf states who joined mBridge protocol.
How much fiat debt issuance has USA expended upon the Iran war?
https://m.stacker.news/158727
Would the US petrodollar be able to even launch the Iran war if it operated on the Bitcoin Standard and was already $40 T in the red? No.
Iran war is last hurrah as the petrodollar empire is flogged like a dead horse by its Zionist puppet masters as they launch their Greater Israel land grab to build a regional hegemony resistant to Chinas emerging dominance.
https://m.stacker.news/158726
Bitcoin fine as a refuge - a virtual tax haven and SoV hedge against the insolvency and collapse of the petrodollar...but it does not and cannot enable you to debase all citizens savings in a war and that is a fatal strategic disadvantage for any nation state where control of territory and trade routes is fundamental to both credibility and ultimately, survival.
Suez-Hormuz-End of Empire.
https://m.stacker.news/158209
https://m.stacker.news/158210
https://m.stacker.news/158211