[BitwiseFool]

Gotcha. The article itself doesn't go into the global power aspect, but I was looking at it through the lens of implications. Mainly, how the trade deficit has made us particularly vulnerable to supply chain disruptions and how the domestic knowledge to produce certain vital things (like chip manufacturing) has been gutted. Confidence in the US and it's ability to deliver on it's obligations also diminishes as the debt grows and the growth of our economy stalls. I just don't see how we can grow our way out of debt after reading just how badly the deck is stacked against non-tech and non-intellectual sectors of the economy.

[wbsss4412]

The implication of the article, though, is that eventually the regime will end, and the structural factors that force the US in trade deficits will end. This will allow the dollar to finally be devalued, and the value of exports to rise, resetting the ability for the US to build its industrial base.

Also, the notion that domestic knowledge on how to build things like chips has been gutted is just flat out false. Intel is still close to the cutting edge in chip fabrication, they just aren’t #1 anymore.