The story of the US financial collapse is not new - - . It dropped into high gear with the housing collapse of 2008.
Perhaps it might have been headed off if obama had used the trillions he borrowed to TRULY head off the looming catastrophe, and given a few of the crooks very long prison sentences to make the point - - . Of course, he did neither. Trump increased the debt. Although one might justify that because he needed the 'seed money' to un-do much of the damage done by obama, for all the good Trump did, he never came to grips with the impending debt crisis, which was well under way as he began his term as President.
I am not amazed that that we are where we are - - it is that we still discussed in rational terms, as if there were a rational solution - - that the outcomes commonly expressed simply rely on the same dynamics that got us where we are - - 'interest rates will continue to increase - - housing will continue to decline - - inflation will continue to rise - - '.
Completely missing from the discussion was any discussion of responsibility - - culpability - - suggestion that the national collapse was very well planned and executed - - that there IS no solution OR, more accurately, that the 'solution' - - - the logical progression of our current course - - is simply too horrible to speak of out loud OR was deliberately, meticulously planned.
See how you like this analysis - -
The collapse of the world monetary system was a necessary objective of the Chinese strategy for world domination. The time-line is hard to set, but let us suppose that somewhere in the process, China determined the way to replace Capitalism with Communism was to engage in a global Game of Monopoly - - to beat the Capitalists at their own game. That strategy may have found its’ “Big Break” when Nixon welcomed China to become a full member of the world trading community.
As Capitalists were faced with Unions to give labor an active role in production, and replaced governments on a regular basis, China saw a fully controlled workforce working at subsistence level wages as their strongest competitive edge. With that in mind, they established partnerships with WalMart (a euphemism for US Marketing & Distribution) until Chinese goods dominated the US consumer-goods market. Profits were used to A. Drive the US into an inescapable debt spiral, B. Drive undeveloped countries into long-term debt dependence C. Create a dominant cache of foreign capital, precious metals, and natural resources.
One way or the other, the Chinese will “own” (or “control”) all of it - - - . What do the Biden Administration, Southern border crisis, supporting five to fifteen million unskilled “immigrants,” Covid, and Ukraine all have in common? They all hasten the financial collapse of the USA. They all set the stage for China to simply BUY the USA, without a shot being fired.