For a century, the USA has led the globe in practically every category.
But now our country is in trouble as China rises.
And China just struck a blow on the US economy with frightening gains in this key metric.
The times have changed.
The world knows America’s days as the dominant player on the world stage are done if this country’s so-called leadership – and many of its citizens – don’t get their heads screwed on right quick.
Our country’s economy has been tanking for 18 months.
It’s 18 months of decline you can’t blame on COVID or China – weak leadership is the root cause.
Joe and Kamala can figure that out by looking in the mirror.
Now, according to “national balance sheets,” China has surpassed the US as the world’s richest country.
China’s wealth had risen from $7 trillion in 2000 to $120 trillion by 2020, according to McKinsey & Company.
The worldwide management firm reported the US had $90 trillion in wealth in 2020.
The fact that China’s economy outpaces the US’s isn’t the scariest issue to consider for our future.
Our national debt is nearing $29 trillion and it may not be long until nations like China demand repayment of our debt.
We used to have the best schools, jobs, economy, military, and work ethic among the superpowers.
And our strengths made America the nation everyone dreaded running afoul of.
Our country has deteriorated beyond recognition under the leadership of idiots like Joe Biden.
And after decades of – on average – terrible leadership, the Chinese have emerged as a powerful global force.
Despite huge military and economic achievements, the Chinese haven’t been able to overtake the US in many major ways until now.
But the fact is, for the time being it looks like China has surpassed the US as the world’s richest country.
Political Animal News will keep you up-to-date on any new developments in this ongoing story.
