The ‘rise of the East and South’ is a chimera – an underappreciation of the gravity of that which is upon the whole world. China is a basket-case and will never recover from Xi’s peculiar over-reaction to Covid. China’s debt problem is at least as bad as the West’s.
Its export markets have collapsed and its internal savings, mostly denominated in real estate investments, are also collapsing.
Demographics are falling all over the world. We have reached peak buildings at the same time as demand is shrinking due to irreversible population decline.
Only further ‘stimulus’ remains – i.e., more debt.
Not one country will escape the consequences of the decades of profligacy. The only difference is that in the West it was caused by vote-buying and in the South by the absurd notion that it is the government that is best suited to manage economies.
Either way, the debt is humungous and unpayable.
It will collapse, simultaneously destroying the debt notes that currently pass as ‘money’ for the gullible.
The East? Russia’s isolation, enforced on them by the West’s aggression since the collapse of the U.S.S.R., may protect them to some degree, but the default position is that international trade is breaking down and not one country or person will be unaffected by that.
Gold (and silver) will store your wealth, nothing else will. Now is the time to be:
1 Debt free,
2 cashed up (Gold and/or silver),
3 stocked up with food and other essentials,
4 far away from the cities and their suburbs.
What is going to happen is written in stone.
The precise date of the collapse cannot be known. Least of all by doomy old bastards like me who have been prattling on about it for almost two decades.