This is Communist China’s century. We’re just diminishing in it. Late last week, this happened….
‘A Wall of BRICS’: The Significance of Adding Six New Members to the Bloc:
“The BRICS bloc of top emerging economies have taken a major step in expanding its reach and influence with the announcement that six more nations have been invited join as new members.
“Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have been invited to join as full members from January 1 next year.
“The bloc, which was formed in 2009 with Brazil, Russia, India and China, first expanded to admit South Africa in 2010.
Sounds like China is teaming up with just about everyone on the planet – except US. And it means a whole lot – to a whole lot:
“China recently brokered the re-establishment of ties between Saudi Arabia and Iran, a role that would traditionally have been filled by a country like the United States.
“India’s recently signed an agreement with the UAE to trade in Indian rupees and Emirati dirhams instead of in the US dollar.
“Crucially, Naidu argued, the expansion list is ‘very energy centric,’ adding that following the announcement, some analysts at the venue even facetiously commented if they should ‘call it BRICS plus OPEC?’”
What do these shifts away from the US – mean for the US? I’ll take them in turn.
This should be the easiest fix for US. President Donald Trump very recently made us not only energy independent – but a net exporter thereof.
Except now Democrats won’t let us produce any real energy – oil, gas, coal and even nuclear.
While they continue to waste trillions of dollars on the fake energy likes of wind, solar and electric cars.
And oh look….
The world moving off the US dollar as the reserve currency – is a HUGE problem for US.
What began as President Richard Nixon idiotically doing away with the gold standard? Has ended up with a dollar not worth the paper on which it is hyper-printed.
The only thing that has been propping up the lie that is our money – has been the fact that everyone on the planet was in on the lie.
Call it the Emperor’s New Coin. As long as the US dollar was the global currency – everyone had to pretend it wasn’t worthless.
These days, more and more countries are bailing on the lie.
Rise of BRICS Currency: Shift Away from Dollar as Default:
“How long will the dollar last as the world’s default currency? The BRICS nations are gathering in South Africa this August with it on the agenda.”
Well, if the world’s #1 (for now) economy’s money is imploding so completely? The world’s #2 (for now) economy would LOVE to fill the breach.
Hello, Communist China.
Invention and Innovation:
So the US dollar is imploding. But what about things to do and buy – with our new yuan reserve currency?
To buy things – you first need to make things.
To make things – you first need to invent and innovate upon things.
Here too: The US continues its implosion – while China continues its ascension.
Between the US and China – guess who is fostering an environment for invention and innovation? Guess who is murdering invention and innovation in the crib?
China Saw Over 4.56 Million Valid Invention Patents and 44.23 Million Valid Registered Trademarks by the End of the First Half of 2023:
“(U)p 16.9% and 9.1% respectively….”
How does China do it? By not being idiots about invention and innovation policy.
The Number of Global Patent Applications is Breaking Records. Where Are the Hotspots?:
“The global growth in patent filings has been driven largely by countries such as China and India, each recording a 5.5% year-on-year increase. In the Republic of Korea, the number of applications was up 2.5%.
“The thriving economies of Asia have seen substantial growth in their share of global patent filings over the past decade, up from 54.6% in 2011 to 67.5% in 2021.”
Notice who is missing from the increase list? That would be US:
“North America dropped from a quarter of all applications in 2011 to 18.5% in 2021.”
And let’s be real: Canada and Mexico have never been invention-innovation hotbeds. That North American off-the-cliff drop – is mostly US.
It’s not Covid – at all. Covid EMANATED from China – and their patent tallies are through the roof.
Whatever could have created the nearly 10% overall drop in the US’s share of the global patent tally? A devastating drop – that began in 2011
Methinks it might go back to idiotic US invention and innovation policy – signed into law in…2011.
President Barack Obama Signs America Invents Act, Overhauling the Patent System – September 16, 2011
And how has that been going?
How the America Invents Act Harmed Inventors:
“For inventors, those who create most of America’s new jobs, the America Invents Act (AIA) was the single worst disaster in the 226 year history of the U.S. patent system.
“The AIA did very real damage – enough to put many inventors out of business and discourage many others.
“Of course, it was a great new law for the large multinational corporations who pumped hundreds of millions of dollars into Washington D.C. in the form of political contributions and funding for a massive public relations campaign….
“The AIA turned the patent system on its head, and today inventors can scarcely do anything with their patents….Inventors are walking away from the patent system en mass, which is exactly what the large multinational corporations that supported the demise of the American patent system wanted.”
Well, that IS idiotic US invention and innovation policy.
And, of course, where have many, MANY of these multinational corporations spent the last several decades relocating?
The ones who have been mass-benefiting from the US’s crony, catastrophic invention and innovation idiocy?
If you said Communist China – you have an IQ above nine on a warm day.
All of this – and much, much more – leads to one inexorable conclusion:
This is Communist China’s century. We’re just diminishing in it.