With the USA hobbled by COVID, which nation will fill the economic void?

 
Skipshot
 
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Skipshot
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31 July 2020 11:44
 

American passports are pretty much useless right now since most of the world has restricted entry to Americans, and no visitors want to travel to COVID Central of the World. 
The impending economic quarterly report is looking like it is going to be a historic drop. 
American schools, all of them, are very unlikely to open to traditional classroom environments or be able to provide an effective and meaningful education remotely.

With travel, business, and education highly questionable in the USA, that leaves open an opportunity for America’s strength in those sectors to be re-distributed and taken over by another country.  China holds a massive amount of American debt, so how will that play out when America needs to renegotiate?  Is America too big to fail?

 
Jefe
 
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Jefe
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31 July 2020 12:29
 

The US would appear to be in the same position in the 21 Century that the UK was in the 20 Century.
World leaders do not always remain world leaders.  The unintended consequence of the current administration might be the opposite of their hat slogan.

China, Japan, Germany, all have strong economies.

 
 
Cheshire Cat
 
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Cheshire Cat
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01 August 2020 14:22
 

Yes, the UK had overextended itself with it’s imperial and colonial ambitions; then the collapse came.

And the US has done the same: the wars in Afghanistan and Iraq, along with other failed military endeavors, (Libya, Syria), have drained this country by perpetuating endless war. Trump and Covid-19 are just the cherry on top of the shit sundae.

The 20th century was the American century with it emerging as a powerhouse after WWII. Then the slow and steady decline from the 80s onward.

Now it’s China’s turn. The 21st century will be their time to shine.

 
 
Brick Bungalow
 
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Brick Bungalow
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01 August 2020 17:04
 
Jefe - 31 July 2020 12:29 PM

  The unintended consequence of the current administration might be the opposite of their hat slogan.

  Cough….Putin.