• Qazwsxedcrfv000@lemmy.unknownsys.com
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    1 year ago

    As if our dear Uncle Sam does not trade 😭😭 Oh yeah by PPP Indian economy is larger than that of Japan and Germany combined too. Hurray India is an advanced economy now. Give the per capita figure a look and wake up.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      1 year ago

      You keep on laughing while you can there. Soon even the most propagandized elements of society are going to be forced to engage with reality. Then the rest of us will laugh. 😂

          • fuck reddit@lemmy.ml
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            1 year ago

            The US pays it’s bills. China defaulting devalues it’s currency, making payment necessary in dollars. The US has a hard limit on how much yuan it will exchange for dollars to prevent a run on the currency. China cannot get enough dollars to pay the bill, while the US is the one country in the world to which China can’t just say “lol no.” Assets will be forfeit or one sided deals favoring the US will come out of this. The devaluation of the primary currency of a major trade partner means their goods cost less and their interest increases

            • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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              1 year ago

              US economy would collapse overnight without China, thinking that US has some sort of upper hand here is the height of comedy. US doesn’t produce much of anything today, its industrial base is around 11% of its GDP, and there is no substitute for China which is central to most supply chains.

              • fuck reddit@lemmy.ml
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                1 year ago

                China needs buyers. If the US stopped buying from China, it would be the same situation in China. Their economies are so intertwined that a war between them, even just financially, would ruin both

                • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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                  1 year ago

                  China has plenty of buyers, that’s the whole point of BRI and BRICS. Literally all of the world constitutes China’s buyers with US being a small portion of that. China would be hurt by an economic war with US, but US would be completely devastated by it because US depends on essential products and commodities it can’t get anywhere else. Meanwhile, people thought Russia would be ruined economically once being cut out of western economic system and here we are with even IMF now projecting growth for their economy. Incidentally, trade between China and Russia has already jumped to over 200 billion if you want to see an example of China replacing US with a friendly trading partner.

                  • 133arc585@lemmy.ml
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                    1 year ago

                    I want to point out that the fraction of imports/exports between the USA and China is roughly symmetric (by monetary value). In 2022, about 16% of China’s exports were to the USA; in 2021, about 17% of the USA’s imports were from China.

                    That being said, you’re probably making a valid point about which items are flowing, not just the raw value of goods.

                    Also, I would think it’s generally easier for a producer to find new buyers of what it’s already producing, than for a buyer to find a new producer for what it needs.

                    Edit to add: If we look at the ratio “Exports/Imports”, we have about 0.3 for the USA with China, and we have about 3.3 for China with the USA.

        • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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          1 year ago

          Thanks for linking a concrete example of China not giving a fuck about what US thinks. What’s US gonna do about it, whinge and cry like the article you linked is doing? 😂😂😂

          • fuck reddit@lemmy.ml
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            1 year ago

            OoOO you’re so edgy! Now watch as the US continues to regionally encircle China via each of their neighbors. They’re already moving tech and manufacturing next door to India. Japan and S Korea are building their militaries again in response to continued threats by China.

            Wasn’t your original argument about how much money and power China has? This makes their bid to become the international business currency look like the economy of Greece. What are they going to do about all of their seized assets across the globe? FIGHT THE US?

            You pay up, or you lose your investments. That’s how money works. Man, you’re bad at this!

            • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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              1 year ago

              LMFAO the least propagandized American has logged on. Go read up on how US war games against China turn out.

              Also, it’s absolutely adorable that you think that China hasn’t protected their assets from US after seeing US seize Russian assets.

              The question you should be asking yourself is what US is going to do when China cuts you off from all the stuff produced in China. Not like US has an industrial base of its own like a real country. 😂