Comments by "Fredinno" (@innosam123) on "Whatifalthist" channel.

  1.  StrategicFooyoo  China needs foreign currency (like any nation without a hard currency), and they’ve got that from exports and debt. Exports to the rest of the world collapse due to trade sanctions, and all of a sudden foreign currency debt levels explode, or the Chinese starve. (They have to import food to feed themselves despite using excessive inputs of pesticide and fertilizer, causing water pollution to get even worse.) Chinese foreign currency debt is 2 trillion. Or 13% of GDP. Most Western nations are inherently considered hard currencies and are trusted in international trade. Unlike the Yuan. The USA negotiating with the Fed is not necessarily default. Also, note that the president can appoint the Fed Chairman. Also, note that the reason the Fed doesn’t directly fund the US government has to do with legal handicaps the Federal Government gave the Federal Reserve*. It’s currently *illegal for the Fed to print money and just give it to the government (effectively being the same as a US Treasury banknote). Also, note every developed economy is attempting to fight *deflation* due to the baby boomer retirees. Instead of the inflation being pumped into QE, some could be given directly to the government. Also note that implementing a 5% VAT could raise $355 billion/year (excluding rebates, adding rebates would likely increase the real rate to something like 7%). https://www.brookings.edu/wp-content/uploads/2016/06/0721_vat_for_us_gale.pdf A Carbon Tax would raise ~$250 billion/year. That would cut the deficit by 2/3rds. Both are supported by economists as good ways to reduce the deficit ASAP. Both could easily be implemented by a competent Democratic Administration (like the Clinton Administration did in the 90s). The reason the deficit is so high is the inability for Republicans to actually cut spending. Few nations have ‘funded’ its future liabilities. Not Canada. Not the EU. Not Japan. Not China. Not Russia. Literally every country WITH pensions has massive unfounded liabilities. https://www.weforum.org/press/2017/05/global-pension-timebomb-funding-gap-set-to-dwarf-world-gdp China in particular is nearly as bad as the US. If the US is fucked, so is everyone else. Assuming the CCP isn’t sacked after being in the world to the brink of a nuclear war? The biggest issue with ANY nuclear tactical use is that it risks easily turning into a nuclear war. China attacks American boats with nukes, the US retaliates by nuking Chinese shipyards and naval bases. The Chinese retaliate by attacking US cities, because they think those shipyards were too close to population centres or because hitting land was a red line. Then the world ends. There’s the other thing that if a world war actually started and tactical nuclear weapons became a risk, the US military would dust off SDI’s Brilliant Pebbles (which was actually somewhat affordable- a couple hundred billion), which would give the US all the leverage in a nuclear exchange. It hasn’t happened yet because that hasn’t been a threat since the USSR collapsed. Launch and satellite costs have also fallen since the 80s. Of course, so could China. But then, neither side can effectively use nuclear missiles to gain an advantage on each other.
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  39.  @harshjain3122  Thanks. 1. I don’t doubt the US could keep forces in the Middle East if they wanted to- the issue is that there’s no obvious reason to. Afghanistan survived so so long because it was a base against the terrorist-infested region. Arguably, the garrison (which was indeed a garrison, it was well below 10,000 men even before peace negotiations began, which is the size of a large US garrison, like Thule) was useful enough to keep, but… too late now. Oil is not a good reason to now either. The US also never was very involved in Africa. The thing is that it probably won’t matter until as such Turkey or Iran start to become major powers, or India becomes a larger threat than China. The only other theoretical currency competitor is crypto, and it won’t matter if it is forced to go underground because every major economy put massive restrictions on it. Gold has existed as an option since Nixon went off the Gold Standard. If people wanted to trade solely in Gold, they’ve had almost 50 years to do so. Yuan… That’s like going from fighting a bear to taking a dunk in lava. Getting money into China is easy. Getting money out of China… is harder. Especially nowadays. 2. https://tradingeconomics.com/united-states/manufacturing-production https://tradingeconomics.com/united-states/manufacturing-pmi Note the comparison between 2008, 2000, and today. This is despite inflation panic and mass supply shortages. Most stuff that made sense to outsource (textiles, etc.) were already outsourced long ago. Also, the decline of US manufacturing accelerated enormously after 2001…at the same time China joined the WTO. This appears to be unique to China, as things like NAFTA (1994) have little correlation with a sustained pattern of decline. This is consistent with many studies on the subject-China is infamous for effectively product dumping things like steel (which makes no sense to outsource, it’s heavy AF and low value/ton) onto the global market. The reversal should reverse the previous trend…in theory.
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  48. People don't really talk much about this because it's a difficult problem to solve, and there's no comparable movement like there is for Climate Change. There are a few things we know should increase birth rates (of those that have been tried) that should be feasible: 1. Solve the Housing Crisis. Duh. 2. Encourage people to get married. No marriage = no kids. 3. Ban dating apps so people actually have to go outside to find partners instead of being swarmed by hundreds of date requests (really hard to find a mate when you're competing in such a giant pool and people only choose the top 10%. Dating apps also suck generally.) 4. Pension reform to increase pension benefits based on the number of children they have. Children used to be a financial insurance policy, and this will make pensions more stable on the long run. 5. Stop trying to push women into full-time work and increase work benefits/flexibility for working mothers like Scandinavia does. 6. Ban abortion. Probably the most politically difficult, at least in the states. Most abortions are elective- so the vast majority of 'saved' babies just never end up being born (and a disproportionate number of the remainder have genetic defects), but still. One thing to note though: This is one case where technology might change things dramatically in the form of life extension. Since tech CEOs and billionaires want to live forever, this is one field that gets tons of funding. It's probably not one technology, but multiple, and will be disseminated in rich nations first. That would change these dynamics dramatically.
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