by James Rickards
Daily Reckoning
For almost twenty years, the myth of a “rising China” and the “Chinese century” has been gathering steam.
Of course, the U.S. is recognized as a superpower now, but its days as the greatest power in the world were numbered, according to this myth.
China was prized both by U.S. manufacturers for its cheap labor and by U.S. consumers for the cheap prices on Chinese exports (never mind that the goods were shoddy with few exceptions and often fell apart not long after you removed them from their glossy clamshell wrappers).
The globalists praised the advent of highly integrated supply chains and just-in-time logistics that would bind global economies together and pave the way for One World governance, taxation and money.