A global recession is on the horizon - please read OP for mod warning

Germany's Q1 GDP came in worse than expected at - 0.3% which means they are now in a technical recession

True, but it's not a normal country. As a massive arms producer, a significant chunk of defence spending goes on domestically produced hardware. They are also, naturally, a major arms exporter. Haven't done the maths, but I wouldn't be surprised if it almost nets out, aka for every tax-payer dollar spent of defence, the majority will go back into the US.

Likewise for nat debt, public debt is around 80% (the rest being intragovernmental), and of that 80% around one third of that would be foreign owned. So the majority of US debt repayments are owed to itself.

Based on this post, we should only have 28 days to wait for the recession to kick off. I better enjoy the sun now while I can.

Money printer getting ready for action once the circus ends.

I would thoroughly agree that no one (in the Western domain of influence) trusts the Chinese.

However, the myriad of countries who deal with them for commodities, buying and selling, and also those often same countries who increasingly receive capital investments from Chinese interests will interact with a common currency /trading system. For pragmatic purposes. Those same countries, often but not a guaranteed always, loathe the USA for how its interacted with them.

Big dogs are all the same to little dogs. Time will tell.

Your cynicism is a bit excessive, I don't think it is "all the same". The dogs just can't ever be secure in their ownership of anything investing in China, no matter how nice they play with the regime.

That is imo why the rich Chinese themselves (presumably well CCP connected) also seem to have little faith in their own system.

They leech off the structures of the "Evil-West" like a bunch of ticks. They send their kids here for an eduction, they funnel money abroad and gorge on property and other assets, anything they are let get their claws on to have a nest or a sort of "bug out bag" [in the West] ready if the evil day dawns.

Must have hit a nerve. Yes (not really the same), yes, yes. You should look to yourself a bit, instead of diagnosing the "illnesses" of others posting.

The "tick" simile was bad choice of words, too harsh and dehumanising, but relationship when it comes to elites + wealthy from China (CCP connected) personally investing in the West is parasitic and I think has low benefit for countries receiving the investments, even if it makes some people rich.

I'm sure that's all true but META have ploughed billions into useless AI platforms and acquiring WhatsApp etc at huge costs.

FB itself is no longer that popular either. So there's an element of the piper having to be paid now as well.

...capatalism wasnt actually always like this, not as turbulent anyway, this version of it is truly only a few decades old, and its a train wreck for everyone, even for those that are gaining in wealth, there are great ideas out there on how we can change it to a far better version, but that aint gonna be easy.....

Hello says 1929, and the Wall Street Crash which led to the gŕeat depression, and then the Dutch Tulip Mania pops in to say hi

....errr emm, hello!

...economic/financial crashes/crisis have actually in fact increased dramatically in frequency and severity only in the last few decades, yes serious crashes/events such as those mentioned have also occurred, but......

...we took a serious wrong turn with this ideology in the 70's/80's, and now we dont know what to do about, lets hope we havent opened Pandora's box here! but before this turn, it was actually doing exceptional well at significantly improving the lives of many/most....

The cost of wholesale lending nearly at 4%, last May the rate was 0.3%.