China is the new America

It looks like China is set to become the next major world power…not like this hasn’t been a long time coming.

Three reports in the same day:

China becomes the biggest auto exporter.

China becomes the biggest auto market.

China becomes the leader in banking.

The world is changing, and America’s fall from grace is primarily our own fault.  Our nation has sold its soul (mostly to China), taking on more and more debt, all the while increasing spending.  What’s more, federal and state regulations have made it much too easy for the US economy to shift from manufacturing to service, meaning that the USA has to rely more and more on imports.

Our leaders would do well to read The History of the Decline and Fall of the Roman Empire.  There are important lessons to be learned from that book about what happens to nations when they become decadent and weak.  We may not have barbarian hordes raiding our borders, but the foundation of America is getting weaker and weaker.  Our leaders are trashing our financial system, which in many ways is the cornerstone of our power.  There are plenty of nations out there that would jump at the chance to displace the United States as the world’s greatest superpower, and now that America is in decline, the vultures are circling.


Categories: auto makers, banking, China

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