nostr:note1etkv8tm8r3trhn664pf84ns08pkwwrp0xz9uzk7estuyq2vdx6as0796th
Unrelated, but maybe not so much:
Remember that the US managed to break the Soviet Union through a 30 year long arms race. In reality, since they went off gold and turned on the infinite fiat printer, the Soviet Union lasted less than 20 years.
Current US public debt: 118.58% of GDP
- Total debt: 257% of GDP
Current PRC public debt (even with fake statistics from the CCP): 90% of GDP
- Total debt: 280% of GDP
Total debt is probably the better measurement for China, since there is no such thing as a "private sector". Companies like Evergrande are fake "private enterprises" acting as vehicles for the CCP and the PRC government, in the end.
And where is all that cash going?
"Chinese-characteristics" colonialism in Africa and Latin America, massive upgrades of the PLA, especially the navy, massive deployment of surveillance state within China and related terrorist activities abroad, increbidbly hyperinflated real estate and stock bubbles (as sole outlets for investment in a completely unfree market under central planning by a totalitarian regime)...
In sum, looks like another arms race with the US.
