When I moved to China back in 1998 I was surprised
to learn how highly the Chinese thought of America.
Of course China was a much poorer place back then
but coming from the Detroit area I couldn’t fathom
where was all of this American prosperity was that
the Chinese were talking about. I had grown up among
industrial decline and all the social ill’s it brought
It became apparent that China, like most of the
world had developed their concepts of America based
on Hollywood movies. This image of a much more
prosperous America is starting to be shattered as
Chinese as well as the rest of the world learn the
true state of the American economic condition.
The streets are no longer paved with gold…they
are not even paved.
Below is a brief synopsis of an article making the
rounds in China, titled….
“American Collapse Theory”
The last three decades has seen continued decline
in the American economic system. It’s inevitable
collapse is now just a matter of time, and there is
nothing even well-meaning politicians could do to
stop it or even reverse the trends in motion.
For a long time, the world’s economic system has
functioned under Dollar hegemony which was backed
by American military hegemony.
The American founding in the 1700’s originally had
a backward economic model with agricultural exports
coming from the south and mines and commodity exports
coming from the North. The country had to import
scientifically manufactured products. For a time,
American workshops were known for low quality,
sweatshop work. These products were exported and
exchanged for British paper money.
This was truly a poor economy but cheap American labor
began to attract global capital.The United States over
many years engaged in the processing of low-end products ,
and accumulated a very large industrial base entity which
created a solid foundation that led to innovation and
cutting-edge technology which began to erupt in the
By World War 1, Britain was shocked to realize America
had far surpassed her former colonial master. By World
War 2, America produced 60% of the world’s capacity in
military hardware. Britain quietly lost control of the
world as the paper money could no longer cover up her
declining industrial base and core economy.
Since 1979 the United States failed to prevent the
Chinese industrialization reform movement and China ‘s
rise is almost complete. At the same time, the American’s
turned their economy over to the financial sector. The
problems since 2008 are only the tip of the iceberg.
Chinese technology is now eclipsing the U.S. Recently
disclosed reports mentioned that back in 2005 NASA could
not find a vibration testing table over 9 tons and had
to import a 16 ton vibration testing table from a Chinese
It became quite comical when the U.S. Defensed Department
learned of the situation then had a law passed to ban export
to China of vibration table technology over 9 tons when in
reality the U.S was totally reliant on this technology from
China. China has since developed 50 and 75 ton platforms which
are two generations ahead of anything in the U.S. China is
also now winning the space race launching twice as many space
missions in 2013 on only 1/17 the budget of NASA.
Today, China ‘s fourth -and fifth-generation fighter and even
integrated hypersonic aerospace fighters have surfaced,showing
the strength China has gained from her amazing manufacturing
industry. In China ‘s J- 20 and J- 31 fighter jets have been
launched. The aerial maneuverability of the Chinese J-20 and
J-35 are now ahead of the U.S. F-20 and F-35. With the “plane
diving” capability of the J-20 and J-31 against the U.S. F-35
it is like putting a hawk among pigeons.
As American economy crumbles, its military and dollar hegemony
are falling with it. China has signed currency agreements with
over 20 countries. Even Europe and Australia have jumped in to
use RMB with the Americans powerless to stop it.