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Endless and needless wars, coups and color revolutions, violation of international laws, hypocritical application of rules and morality, fake democracy and fake prosperity at home… the US is in big trouble. And so is Europe. My article originally published here: https://sputniknews.in/20240122/how-america-is-destroying-itself-and-the-world-order-62…
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Some in the US are now starting to realize that decoupling from China is not so easy after all. The dream of offshoring or near-shoring has been downgraded to de-risking. Why? Manufacturing is more than just cheap labor and assembly. Let’s explore all the myths and demystify manufacturing in this podcast. Manufacturing underpins economic growth, so…
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The US economy is in shambles. Exploding debt, inequality, stagnant wages, dying small towns all over America, homelessness, drug addiction… the problems go on. And then there is dedollarization movement, which threatens the dollar’s relevance. The only way to stop this a huge war or wars, which would cripple Russia and China, and devastate Europe.…
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There has been a “pandemic of peace” in the news lately, starting with the historic peace deal between Saudi Arabia and Iran. More surprisingly, it was brokered by China! Then there has been an exponential increase in trade deals that embrace dedollarization — not only Russia and China but also India, ASEAN, Brazil, and African countries. What do a…
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To paraphrase Shakespeare, we are living through the best of times and worst of times. We have the potential to create an incredible world, thanks to great advancements in science, technology, trade, global connectivity etc. But we are also on the verge of WW3, thanks to the current war against Russia and the potential war against China. This is te…
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The geo-economic center of the earth is moving eastward, thanks to Asia, which is now the #1 continent in terms of GDP. China’s miraculous growth in the last four decades has made it the world’s #1 in manufacturing, trade, wealthy middle class population, Fortune 500 firms, patents, scientific publications etc. Countries around the world are lookin…
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The USA has enjoyed the “exorbitant privilege” of dollar for many decades. As the currency of choice for global trade and foreign exchange reserves, the USD bestowed Americans with wealth and power. Let’s discuss what those powers are, how the US elites abuse them, and how the world is now revolting against this unfair monopoly. A multipolar world …
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Most people have their favorite talking point regarding China’s success — cheap labor, communist dictatorship, stealing IP, protectionism etc. While the stereotypes have some truth, the true reasons underpinning China’s success are more holistic and sophisticated. Here are 50 reasons, in no particular order of importance. Other developing countries…
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Bretton Woods I led to gold-backed dollar that reigned as the global trade/reserve currency till 1971. Then it collapsed. The US dollar was revived with Petrodollar — we can call it Bretton Woods II. Now, the primacy of dollar is under threat again, thanks to exploding debt and rise of a multipolar world. The US needs Bretton Woods III to cancel al…
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India is at inflection point. The next 20 years will be the most decisive two decades. If India gets its act together, it can get out of the middle-income trap and reach the escape velocity. However, there needs to be fundamental changes in politics, economics and culture. This episode is also available as a blog post: http://worldaffairs.blog/2022…
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