Its about Supremacy

-

"Although the pace of China's economic rise has slowed in recent years, it appears on track to end the United States' lengthy run as the world's largest economy by around 2035, according to the latest projection by economists at Goldman Sachs.Dec 9, 2022"

"The U.S. accounted for 24.7% of the global economy while China at around 18% in 2022 in nominal terms. meaning  at current market price. On the other hand, in PPP (Purchasing Power Parities) terms, meaning calculated at equalized currency differences, the US accounted for 15.5%, and China at 18.6% of the global economy.

The significance of the foregoing figures is about the prediction that China could attain economic supremacy by 2035. By which time, it could achieve a 50% or more share in the total world GDP. When that happen the US Dollar may meet its end as a primary world currency and may be replace by the Chinese Yuan. By and large, such an event could bring a disastrous impact on US economy. Conscious of this possibility,  the US may now be taking a more radical steps to derail or contain China's economic rise which may include, e.g.,denying it the full control and access to strategic sites like Taiwan, the Philippines and the South China Sea, which are part of the first island chain that are integral to China's belt and road initiative. An initiative towards the Chinazation of the world through soft power. It is not a remote possibility that the US may have been provoking a war with China towards a global reset, that may put China at dormancy, if not back to where it was, two or three decades ago, economically and militarily. Thus, putting or maintaining the US still at the helm of dominance. Its a wild assessment, and it may be wrong, but if its right, it has to be before 2035. 

Comments

Post a Comment

Popular posts from this blog

The Black Nazarene

-
Image
  The bible regarded the veneration of images and statue as idolatry. It has been said that it separate man from GOD. But why did the Catholic church initiate and administer processions of images? Even more, each has its own assigned day for feasting, celebration and procession. Is the catholic church polytheistic and hence in the practice of paganism? Why would tens of millions converged every January 9 to celebrate the feast of the Black Nazarene   barefooted and unmindful of rain or scorching heat? Why would thousands upon thousands amid risk of injury or death would forcefully hurled themselves into the disarray of humanity just to have a shot at no more than 50 feet of rope that connects to a “carossa”, that carried the image of the Black Nazarene? Were those multitudes of Catholics merely ignorant, or shamelessly, defiant of Gods resentment of paganism and idolatry? Do they have a collective reason for the displayed spontaneity? Were  they manifesting a personal...
Read more

Why Russia’s BMP3 Infantry Fighting Vehicle is the best option for the Armed Forces of the Philippines (AFP).

-
Image
Any avenue of approach in a war zone is a kill zone, be it an urban pave-ways or rural settings. The AFP have been sustaining unusually high casualties, resultant of inadequate armor and fire support. Individual infantry men were fully exposed while in marches on unfamiliar terrain towards the insurgent’s lair. Military vehicles have to traverse enemy territories without the security of protective armor (metal plates, chopped tree-trunks mounted on side of vehicles, sand bags, etc.).  Corollary, essential intelligence can easily be obtained in advance through aerial reconnaissance even before convoys proceed towards its destination. While the latter can be provided by available and inexpensive technology like drones, its utilization had remained an exception rather than the rule. Insurgent’s stationery bunkers/ fortifications greatly offset the AFP’s numerical advantage, that otherwise can easily be eliminated by an explosive blast. Sniper behind hard cover, like the inside of bui...
Read more

The KFIR Block 60- An opportunity cost to the Philippines

-
Image
In finance and accounting parlance opportunity cost is a loss sustained either by inaction or taking another alternative action due to the inability to grab or take advantage of an opportunity when it presented itself. It is the value or benefit of a choice bypassed and foregone. The Israel Aerospace Industries (IAI) KFIR Block 60 is a multi-role networked fighter that is based on the French Mirage jet and re-manufactured by the former to zero timed frame and installed with 4 th plus generation avionics and radar, being so it can synchronize operation with its allies including aerial refueling; it has nine hard points to accommodate an array of modern weaponry; can run at mach 2+ up to 1000 nautical miles without refueling and a manufacturers guarantee of 8000 hours flying time equivalent to 40 years. Rumor has it that it is being offered at a meager sum of 20 million US Dollar a piece including the weaponry. A price that represents 1/3 the cost of a brand new fighter with si...
Read more