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    Jeffrey Sachs: This is Why USA is LOSING to China - YouTube

    This excerpt argues that the United States is overestimating its global economic power and that attempts to isolate or force other nations to align against China are likely to fail due to the US market no longer being as central to most economies as it once was. The speaker contends that the internationalization of the Renminbi and the decline of the dollar's "exorbitant privilege" are inevitable due to the US's fiscal irresponsibility, the weaponization of its currency for foreign policy, and the technological limitations of systems like Swift. Furthermore, the source highlights the extreme danger of US actions regarding Taiwan, comparing the situation to Ukraine and warning that such actions could lead to a devastating conflict, possibly even global annihilation. The core message is a strong critique of perceived US overconfidence and a prediction of a shifting global power dynamic away from American dominance.

    April 27, 2025 at 7:29:29 AM PDT * - permalink - archive.org -
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    - https://www.youtube.com/watch?v=c19Ws-GBNBk
    Jeffrey_Sachs Trump economics China trade
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