alt Hacker NewsMaybe you've missed the things happening in the last year or two, but already most of the world is pivoting to China for stability, and there is presently a sharp and historic decline in US immigration now.
Maybe you've missed the things happening in the last year or two, but already most of the world is pivoting to China for stability, and there is presently a sharp and historic decline in US immigration now.
The sad situation is that neither is stable. China could be the new hegemon, but they would have to make decisions leading to the creation of a domestic consumer middle class that is not directly or perhaps even indirectly dependent on the goodwill of the party. Not to mention it would make some ridiculously wealthy people less so. They will not do that. So we are going to have no hegemon. No deep safe sink to store value. If you want stability you will have to pay a premium for gold or Swiss francs because neither can handle the volume demanded. The world will get messy and who knows how long it will last.