My view of the incredible power of the USA
The real reason for high stock prices simply inflation - a vast amount of created cash chasing a limited amount of stocks. We are 34t in debt. We created 2t alone to solve COVID. How close are we to 1923's Weimar Republic? Isn't this the reason gold is increasing in value? The USA is the only nation that can create money because of our military and trust. Both are declining rapidly. How long will the rest of the world allow 3% of the population to have stocks that are 60% of the world's stock market cap? To me this is what pisses off Putin (143m people, 530m market cap), Modi (1.4b, 5.6t) and Xi (1.4b, 12t China, 4.7t Hong Kong) the most with close to 40% of the world population. US is 54t stock market cap, Total world stock market cap is 97t. Buffet has long said that there is a 100% chance of a nuclear accident or purposeful exchange. What will happen then to all these precious metrics when that happens?
