Who Will Rule the World? George Friedman about the Future of World Order (2020)

[PJL]

I don't. Much of their country is still impoverished. China has yet to prove it can turn those people into productive citizens in a consumer economy.

I fail to see how that matters , considering China's consumer market has already become larger than the US consumer market , and is still growing at a high rate.......while the US consumer market is being kept afloat with stimulus .

[Peter1469]

I fail to see how that matters , considering China's consumer market has already become larger than the US consumer market , and is still growing at a high rate.......while the US consumer market is being kept afloat with stimulus .

A quarter of the country is succeeding, the rest is failing. That is a problem.

[PJL]

A quarter of the country is succeeding, the rest is failing. That is a problem.

What are they succeeding at ?

[Peter1469]

Originally Posted by Peter1469
A quarter of the country is succeeding, the rest is failing. That is a problem.

What are they succeeding at ?

Creating a strong middle class to drive a consumer economy.

[PJL]

Originally Posted by Peter1469
A quarter of the country is succeeding, the rest is failing. That is a problem.


Creating a strong middle class to drive a consumer economy.

Ive read that US consumption is up ....let's hope that continues ......but I thought it was being driven by stimulus ?

[Peter1469]

Ive read that US consumption is up ....let's hope that continues ......but I thought it was being driven by stimulus ?

I think it is being driven by credit card debt.

[PJL]

I think it is being driven by credit card debt.

The banks always seem to have the deck stacked firmly in their favor......(lol)......meanwhile Bitcoin has surged to $18,000 , and has been accepted by PayPal as genuine online currency . I read an article yesterday about a bitcoin cash transfer of $1.2 billion - the fee for the transaction was under $5.00

[Peter1469]

The banks always seem to have the deck stacked firmly in their favor......(lol)......meanwhile Bitcoin has surged to $18,000 , and has been accepted by PayPal as genuine online currency . I read an article yesterday about a bitcoin cash transfer of $1.2 billion - the fee for the transaction was under $5.00

BITCOIN is useless if the SHTF.

[PJL]

BITCOIN is useless if the SHTF.

If the S really HTF in a big way , it would be a lot more useful than the mainstream banks......think about it.