Originally posted by farmaholic
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Originally posted by AlbertaFarmer5 View PostHow do you square that circle? I'm inclined to think Zeihan is closer to
the truth.
The Chinese economy is growing at 6% per year. At that pace assuming no US growth at all, they will still need another 50 yrs to overtake the US. They have a debt ration more than 3 times the US and all that did was bring them to 10% of the average US household income. They will eventually hit a debt crisis, deflation and a demographic bomb when all the older working people will need support from the smaller younger generation. Throw in some automation and other disruptors and this story is over.
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Originally posted by jazz View PostThe other stat to note, there is only 1 first world country with a young demographic and thats the US. All other first world young popultions are shrinking and any that are growing are in 3rd world countries. That means the US has at least another couple big booms waiting for it that should propel its economy to #1 forever while the rest fall into secular decline.
He makes point to mention that AB demographics match the US.
China as a nation and culture is thousands of years old.
The United States not even 500.
Having said that take mb SK bc Yukon and nwt and lets join a real country.
Western values align with the USA far more than Eastern Canada whose values align more with Europe.
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Originally posted by Zephyr View PostNo empire lasts forever. To think otherwise is foolhardy at best.
China as a nation and culture is thousands of years old.
The United States not even 500.
Having said that take mb SK bc Yukon and nwt and lets join a real country.
Western values align with the USA far more than Eastern Canada whose values align more with Europe.
As Zeihan puts it that military is the ace in the hole. US can literally destroy any nation at will and not even break a sweat and yes that includes Russian and china. That's something new the world hasn't seen before.
When china can do carrier operations half a globe away competently for 50 yrs, then I will believe they are the next superpower.Last edited by jazz; Aug 14, 2019, 11:52.
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Originally posted by jazz View PostThe other stat to note, there is only 1 first world country with a young demographic and thats the US. All other first world young popultions are shrinking and any that are growing are in 3rd world countries....
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Originally posted by grassfarmer View PostAnother bogus claim from Jazz - try looking up Australia, NewZealand, Iceland, Ireland, Saudi Arabia and Kuwait for starters.
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Originally posted by jazz View PostSure combined population about 50M. USA is heading to 500M with 6 figure household incomes, the reserve currency, all the tech, the financial districts and the greatest military. There is no stopping them.
Im sure many said the same of Rome, Greece, even the third reich.
You are startling
I agree America has some time left.
How much? We don't know. The fall of a civilization is it's people and American millenials especially in cities are not nation or empire builders
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Originally posted by jazz View PostSure combined population about 50M. USA is heading to 500M with 6 figure household incomes, the reserve currency, all the tech, the financial districts and the greatest military. There is no stopping them.
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