The US imports a lot of stuff. But how does it pay for it?
It pays with pieces of paper called Treasuries, that require their holders to get dollars, that make US currency very powerful. Plus other stuff that Balaji outlines in a few posts here, one of the first ones I’m seeing from Silicon Valley critics-of-the-left who are currently critical-of-the-right.
Balaji on X (formerly Twitter): “The thing to remember is that ~1945-2000 was Peak America.Anything set up in that period will structurally advantage the US, because it was founder/CEO of the world order.But anything set up from scratch today will not, because the US is much weaker in relative terms. pic.twitter.com/Wtj3y2uoTo / X”
The thing to remember is that ~1945-2000 was Peak America.Anything set up in that period will structurally advantage the US, because it was founder/CEO of the world order.But anything set up from scratch today will not, because the US is much weaker in relative terms. pic.twitter.com/Wtj3y2uoTo
Balaji on X (formerly Twitter): “The US founded the UN and NATO at its post-1945 peak.But if it leaves, the orgs don’t just disappear. Either China takes over (like WHO) or China sets up an alternative (like BRICs).In both cases, the US may end up negotiating with the China-run orgs from a weaker position. pic.twitter.com/5Gn8OHhWj1 / X”
The US founded the UN and NATO at its post-1945 peak.But if it leaves, the orgs don’t just disappear. Either China takes over (like WHO) or China sets up an alternative (like BRICs).In both cases, the US may end up negotiating with the China-run orgs from a weaker position. pic.twitter.com/5Gn8OHhWj1
Balaji on X (formerly Twitter): “FROM MAGA TO CHINAHere are four things MAGA is getting wrong, and why it’s handing over the world to China.(1) First, MAGA correctly understands that America’s economic position is in decline but thinks this is due to economic competition itself, rather than lack of… / X”
FROM MAGA TO CHINAHere are four things MAGA is getting wrong, and why it’s handing over the world to China.(1) First, MAGA correctly understands that America’s economic position is in decline but thinks this is due to economic competition itself, rather than lack of…
Balaji on X (formerly Twitter): “US universities were the best in the world when they sourced the best in the world. But now they don’t do that, because of DEI. And soon they can’t do that, because of visas.So, they just become regional players.And China takes the #1 spot. https://t.co/pXT8D4Ygt4 pic.twitter.com/fnqCV9lafZ / X”
US universities were the best in the world when they sourced the best in the world. But now they don’t do that, because of DEI. And soon they can’t do that, because of visas.So, they just become regional players.And China takes the #1 spot. https://t.co/pXT8D4Ygt4 pic.twitter.com/fnqCV9lafZ