As the US economy is poised to collapse due to Trump s blockade warfar, his single most poweful Billionaire backer, blood drinker Peter Thiel ha soffered the world some of inane, nindless aphorisms, which insprie every confidence, the US s global share of the trade will soon sink into oblivion, and the dollar will cease to be a reserve currency.
In 2000, U.S. trade totaled $2 trillion—more than four times China’s $474 billion. At the time, China was the primary trade partner for only a handful of countries, including Cuba, Iran, Libya, Myanmar, Mongolia, North Korea, Oman, Sudan, Tanzania, and Vietnam.
From 2000 to 2024, U.S. trade grew by 167% (a 4.2% compound annual growth rate), while China’s trade surged by 1,200% (an 11.3% CAGR), overtaking the U.S. in 2012. By 2024, total trade reached $5.3 trillion for the U.S. and $6.2 trillion for China.
https://www.visualcapitalist.com/cp/how-china-overtook-u-s-in-global-trade-dominance-2000-2024/
Total global trade was 33 trillion in 2024.
Global trade hit a record $33 trillion in 2024, expanding 3.7% ($1.2 trillion), according to the latest Global Trade Update by UN Trade and Development (UNCTAD), which warns that while trade remains strong, uncertainty looms in 2025.
https://unctad.org/news/global-trade-hits-record-33-trillion-2024-driven-services-and-developing-economies
Tha means, the US share of global trade is now only about 16% of the world, according to these figures.
And falling.
Much of US consumer spending is now financed by debt, by credit card and other debt.
This debt is becoming unsustaible for many households.
Businesses have to fund many of their investments with debt.
The federal government is drowning in debt due to the private central banking system.
So, the prsopects for the US market are bleak.
So are the prospects for financing US debt with a shrinking economy.
Who will want to stock up on dollars when China and new floruishing global trade alliances emerge which use another currency after the USA has demolished what is left of its domestic manufacturing basis by banning vital products, goods and services
“I’m hesitant to comment since obviously it's a very, very fluid situation, but something like the sort of reset that they're talking about now seems where we're going, where you need a very drastic reset with China,”
The appatnly humble tone may have come about after Trump and Thiel realized their blockade on all the US trading partners did not lead to US or other companies wantting to come to the USA or investors fleeing to bonds.
Lo and behold, the rest of the world actually checks facts and figures.
A country which had 56% of the world s global trade share during Trump s first term now has 21%, according to Zerohedge.
Ponder that
The USA has lost 60% of its global share of trade in about 5 years due to the covid criminal scheme and proxy war against Russia.
It now accounts for just over 20% of global trade.
A country with such a small and ever shinking amount of trade has little leverage. Especially when its collapse is due to the utter incompetence of its politicians and billionaire backers like Thiel and their rampant covid jab criminality.
That catastrophic record does not make Peter Thiel or Trump blink.
Likely because they cannot be bothered checking the mere facts and figures.
Thiel told Lonsdale. “In theory you need to reset with other people, but what we really need to get them to do is also reset things with China.”
Why is Thiel so obsessed with China when China is the least of the USA s problems as it is set to implode from debt, corruption and censorship?
We suspect the reason is self interest.
The reality is in a free world or in China people like Peter Thiel would never be Billionaires. They are Billionaires in the USA are because they seem to be part of a criminal cartel
Does a person with no skills or competence or other telling lies, murdering people and committing fraud on a vast scale together with his employees like Austrian covid jab tyrant Sebastian Kurz want competition? Of course, not. Thiel may well be quaking at the thought of a free, competitive economy rising up and of his losing his free lunches.
"However, Thiel acknowledged the efficiency of certain economic ties with China, such as low-cost labor at factories like Foxconn, but emphasizes the need to address the broader geopolitical rivalry that economists often fail to adequately consider. (likely because of the wall to wall censorship of real news as per the well known Greek prosecutor probes)
“There are ways the economic relationship with China is fairly efficient,” Thiel said. “If people are working for a dollar and a half an hour in a Foxconn factory, we don't really want to get those jobs in Wisconsin.” (And the Wisconsin people do not want Thiel and Trump...)
“But it is this geopolitical rivalry where you have to somehow factor in that the economists never are able to factor in properly with China,” the investor continued.
Oh, get that? The China reset is supposed to happen despite economists being clueless about how to make it happen.
“I’m not sure I would call this the optimistic plan, but the reset in trade that seems desirable to me would be that we radically changed the relationship with China and we sort of induce a lot of other countries to radically change their relationship with China,” he added. “Maybe that's how we build a stronger western alliance of the free world.”
It is hard to see how a country as weak as the USA, run by people as corrupt and incompetent as Trump and his cronies like Thiel who have demolished the USA, left masses of evidence of their crimes in Greece which are all over the world, in government offices and embassies, which has been caught crushing freedom, so that their corruption, looting can flourish for now, while the USA collapses, whose military has lost ever recent war, can induce other countries, especially the BRICS, to rethink their ties with booming China.
As for Vietnam, they will be well aware their best best is with Chna and not with Trump, Thiel and the loosers.
Thiel then suggested that leveraging AI and reforming anti-business policies could enable some manufacturing to return to the U.S., while also advocating for shifting production from China to countries like Vietnam, which, despite its flaws, poses less of a global geopolitical threat.
Ah, yes, that AI! The disastrous ChatGPT of his pal Bill Gates, which has become a laughing stock! Bettered by a Chinese start up.
“I think there are some parts that can be moved to the US with AI. Maybe also if you change some of the environmental rules and some of the other anti-industrial policies we have in the US,” Thiel told Lonsdale. “But then if parts of this are moved to other emerging market countries. Vietnam is a communist country.”
“It has bad mercantilist policies, but it's not planning to take over the world. And so at the margins, if we can move things from China to Vietnam, that's a big win,” the billionaire added.
Okay, so the USA collapses from debt, soaring bonds, interest, unemployment. But the big win is moving companies from China to Vietnam?
How is that?
Hopefully, Peter Thiel has started to learn Chinese and law.
Whether the arrogant Billionaire ends up in prison in the USA or China makes little difference.
When the US titanic sinks, the entire WEF elite will go down with it.
Then at least we will no longer have to list to their inane drivel.
https://www.zerohedge.com/political/peter-thiel-backs-trumps-trade-revolution-targeting-china
The drastic reset pushed by Trump and Peter Thiel with China and the world will result in the nail in the coffin for the US with spiralling, out of control government debt, interest payments, inflation, unemployment and recession due to a de facto blockade of products the USA business community and consumers need.
China will come out flourishing with new global trade alliances, including with Vietnam.
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