Dan Collins

CMR

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

with it.

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

United States.

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

company.

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.