Just40:
this is patent record for 2018

China’s IP office received the highest number of patent applications in 2018, a record 1.54 million applications that amounts to 46.4% of the global total and is similar in magnitude to the combined total of the offices ranked two through 11. China’s IP office was followed by the offices of the U.S. (597,141), Japan (313,567), the Republic of Korea (209,992) and the European Patent Office (EPO; 174,397). Together, these five offices accounted for 85.3% of the world total.


In 2016, China also file twice as much patents than the USA

These are some of the reason why the USA is panicking

Bloomberg have a different record in 2020.

https://www.bloomberg.com/news/articles/2020-01-18/germany-breaks-korea-s-six-year-streak-as-most-innovative-nation

Just40:
you are free to check the two countries patent filing records

According to Bloomberg. China ranks 15, US rank 9th . and that is January 2020. Germany take the leading position.

according to the latest Bloomberg Innovation Index.

Just40:


The dollar reserve is being removed gradually

keeping and having the dollar has a backup contribute to its stability and that is what China is doing. either is shedding it off slowly or quickly. it might be impossible for China to completely do away with America dollar in this era

Just40:
China is filing more patents than the US

Their engineers are innovating more than the US is currently doing.

they are not closed...

Just40:
America is no longer the financial bank of the world

The entire Europe today is so dependent on Chinese money.

in as much Bretton wood institution still survives , that China position might not be true , where was China during Iceland and Greece financial crisis. IMF major sponsor is USA with minor from Germany, UK and Japan

i actually think China still needs Europe market just Europe needs China.

Just40:
The dollar hve been weaken to such a point like never before today

China has consistently been reducing their dollar reserve for 7 years now
Pumping it into gold.

China still remain the few country with higher dollar reserve therefore contributing to the stability of the US currency.
.
There is currently. a global fall to world major currency. only few currency are currently doing well.

Just40:
China is taking over the European market

That is why they are pumping more money there

Then China must be ready to be innovative. their engineers don’t have the creativity to think of new ideas or designs. they just imiitate , that really can work in such in an innovative zone like Europe where Germany and UK ( before brexit) is leading. America still remain the giant here until China understand the works better

Just40:
not for long

That position remain very strong and it seems is not going to change in the next decade . Even China has billions of dollars in reserved. China should be ready to offload such cash if she is serious. ....

Just40:
all of them are still dependent on the Chinese market

Google android will be nothing without contributions from Huawei and co

Yes as a secondary market . Google will have comfortable be leading in Europe if China market isn't there.

Just40:
their financial service is nothing without client states

The same client states that are dependent on the Chinese market

not necessarily, America is the financial bank of the world using IMF and other financial institution which he played a very major role . therefore the country probably not owing US will be north Korea and that is due to economic sanction and political differences. China, Japan and the UK are the countries that own the most to the US, but also the ones the US ows most to. so is a two way debt . China needs America as America need China.

Just40:
was the dollar reserve fade into oblivion

As all the dollars in the world returns back to the US

US standard of living would drop substantially. As less countries hold the US dollar, more dollars drive up prices, causing inflation. Their domestic dollars will buy far less. It hasn’t happened yet, because although US finances are precarious, every other country is even worse. The reserve currency is the currency most reliable. It’s similar to quantitative easing by the fed. It would have caused major inflation except for reserve requirements and banks holding the excess dollars as reserves. loosen the reserve rates and a flow of new money rises up prices. same with a world reserve that countries begin dumping on the market, or like Saudi arabia dumping oil on the oil market causing prices to decline. dump dollars and the dollar’s value declines.

the biggest export in the world still remain dollar note and that belongs to America

Just40:
The dollar reserve only have a decade left, at most 15 years.

Global alignment has shifted

lol... the dollar isn't the only wealth of the Americans, her biggest source of wealth still remain her people. the alphabet company for example is growing in revenue , the Apple incorporation, the financial service remain very robust . and don't forget, America is one of the few countries that has much gold in reserve

Just40:
only because those two countries have their own shortcomings

America going bankrupt is not happening anytime soon. that country has a robust financial system to support any damage for long . not even in a decade will that happen . America is ready to deal with any country that frustrate her growth. good case is Iran.

Just40:
They adopted one
the mom ent the created the Shanghai energy exchange
after that, they created the gold back yuan.

Saudi will be blessed to it cash receipts in yuan that can be redeemer-able for gold on the Shanghai exchange.

How do you think Iran is still selling oil
even Venezuela?

They've bypassed the US dollar

we all know the mess up with above countries they re practically bankrupt even China can't help . Saudi will probably prefer gold instead of yuan that has no redeemable guaranty.

the China financial system isn't capable of doing that yet. even the trade agreement they enter with UK and Nigeria to trade in their currency hasn't materialized.

Just40:
Yes China can stop trading in dollars and crash the entire global economy and cause more pain for everyone but they are wise and have choosen a gradual elimination of the dollar.

China created the Shanghai international energy exchange to shortchange the dollar.
China is Saudi Arabia biggest customer and can require to buy SA oil in any currency that it want and SA will have no option.

customer pricing system in Chinese currency require a financial system which China doesn't have. it is not as simple as anybody may think, Saudi Arabia will still prefer to have its cash receipts in dollars instead of China yuan. China will need to developed a robust financial system stronger than the USA to support it. but let any country that called for other currency apart from USA currency prepared for America millitary guys .

Just40:
yes especially in luxury goods


To China, US is just a food producer.

The debts of the US is not being used to build it production capacity but to finance wars and bubbles.
That is why they cant pay their debts of 23 tr.

Printing more money will be the death of their economy
Just incase you dont know what printing more money will do to the US economy, you can find them anywhere you look to what happens when more money case few goods.

From there, everything is a domino effect

I guess China is strong enough to stop using the Us dollar in international trade? . till then , I see them not getting closer. the largest export of America is its currency and that has entrapped the whole world. USA prints dollar bills to buy goods that other countries produce. It can do that because nobody dares to stop using US dollars in international trade between independent countries. For example, Iraq was destroyed after it tried to sell oil in Euro instead of US dollars. Though this might not continue forever. but I guess it is not going to stop soon.

Any country that produce more than it consume will naturally prosper, meaning USA debt remains not an issue now . the debt burden can be shift further to the next generation if the current generation failed to honour it.



war itself is a good buisness and America is purely benefiting from it.

Just40:
Since forever

when we pegged our Cedi to the dollar

we were import dependent and running a trade deficit so it was good for us

Today we have a trade surplus and produce mot of what we consume letting our Cedi fall is more logical.

The Cedi will continue to have more value than the ksh for as long as possible.

the Coronavirus has really exposed the over valued kenya shilling . it is now falling like a 80 years old woman breast.... cedis has remain resilient despite the epidemic. best performing currency in Africa early this year according to Bloomberg.

mtisTheQubit:

Look at ths man...the next big market for American goods is China. .an the same American goods are manufactured in China. .now you see how dumb that scenario is...

Your brain is paining you. Do you know US consumer market is larger than China’s despite having significantly fewer people. . therefore America big market remain America itself before any other nation

Just40:
The Chinese have overtake the US in the production of most high tech goods

Debt is bad for everyone even for those who print the money.

THESE new debts only bring the US economic collapse closer than it were.

yes but not in luxury goods . America still produce the leading luxury goods of the world. debt isn't necessarily bad for anyone particularly if the debt are used for what will financed itself in the future . remember all debt owned by Americans are in dollars not yuan or pounds sterling . meaning , America can decide to print more money and pay it out by fixing the taxes on his wealthy population thereby maintaining a stable inflation

America economy going into halt is something that is far from happening. probably not in our time .

Just40:
the 500 billion will only last them 4 years at most

an even that, they have to cut down on a lot of their expenses, doing that alone will cause the Saudi people to revolt.

the Russian reserve can last them 10 good years.
Saudi Arabia produce oil at the same cost as Russia.

The problem for Saudi is, They pegged their currency to the dollar so they cant cause their production cost to fall like Russia.

According to calculations by Reuters, the lifting cost per barrel of oil equivalent of Russia’s largest oil producer, state-controlled Rosneft, is now lower than the costs of Saudi Arabia’s oil giant Aramco. And this is due to the falling ruble against the dollar. On the other hand, Saudi Arabia’s currency, the riyal, is pegged to the dollar at a fixed exchange rate, so the dollar costs for Saudi Aramco are the same before and after the oil price collapse and the collapse of the OPEC+ coalition.

Last year, the average lifting cost in dollars per barrel of oil equivalent of Rosneft was $3.10. This compared to a $2.80 cost per barrel for Saudi Aramco, as per company financials cited by Reuters.

I actually don't think Russia can win such war , Much of their production is on difficult to access land, their swampy in summer and frozen in winter. Shutting in their wells risks having them freeze up, and in that case only redrilling is the probable fix. which will cost additional money


The fact available from aramco suggest Saudi Arabia is making profit in this war season which I largelly doubt for Russia .

Just40:
Treasury bill is still a debt instrument

Adding money only creates debts that strangle the economy.

The economy is suppose to produce it way out of the crisis but at this moment, there is no market for them.

The Chinese owns the market and it will come at a cost to the US to have access to the Chinese market.

China has learnt the rules of engagement and they've gotten very good at it #GLOBALIZATION

Debt isn't a burden for the Americans now at least not even for those who are alive now. if in anyway , America will be paying back, it will be in many years to come and at that time, the country will be doing well to fund his debt based on what the debt borrowed today will have produced for them. the country has a prudent management way better than China.

America goods are becoming luxury , it does not have the same focus with China, there will always be ready market for America goods as long as America remain in production line .

Just40:
That country has gone in the bad graces of America for long

so much so that the US government has open the flood gate for the kingdom to face court charges.

Washington is angry with the kingdom.

Saudi Arabia can last the oil war as long as it care. over 500 billion dollar in reserve for a country less than 30 million . their oil production is even way cheaper than that of Russia. even if oil becomes 10 dollar per barrel , Saudi Arabia will still be making profit cus a barrel in Saudi Arabia is produced way lower than 8 dollar. so the cost of production here suggest Saudi can really wage oil war to any country that called for it.


USA understand the financial benefit of Saudi Arabia. and America will always paddle his canoe softly .

Just40:
The 2 trillion dollars means more debt as the Treasury print more money to safe the economy.

that leads to more trouble

We saw this happen when the Romans ruled the world
It led to a collapse.

You cant print your way out of debt and collapse with a worthless fiat money.

Sadly, a US collapse means more pain for everyone else

the smart ones are owning gold

America might not necessarily print more currency . A separate account can easily be created for such purpose where financial capable Americans will fund it . treasure bill is a good starter .

As long as the economy is running below capacity, adding money will increases production, and thefore employment. The increase in employment and production will also raises tax revenue which goes a long way towards reducing the burden.


I hardly doubt America can ever go broke . it is too financially strong to do that.

Just40:
as the Russians say

Useful Idiots

never underestimate Saudi Arabia. that little country is part of America in another continent .

Austine1212:


2008 meltdown happened despite having backup

first of all , China is gradually opening back to buisness while the rest of world is still at lockdown , China depression wasn't a biggy in 2008. cus they were building massive ghost city which is consider a stimulus package . production was on in China back then. Europe financial distress can never be worse as that of africa continent.

Just40:
I will always have electricity

my Refrigerator will keep them fresh

sure ......how long can cassava dough last in the refrigerator?

Just40:
Not really

Not as bad as the US is facing right now

I really don't think US will be affected much economically. two trillion dollar is enough to stabilized their economy. there is lots of gold to do the bail out bro. China, USA, and most of the European nation has a strong back up.

Just40:


IMF said we are too rich
The money is for broke countries like Kenya

not even when the gold price has rise up . Ghana total export for the month of February surpassed last year of the same month..

Just40:
Exactly

production was supposed to underwrite your government liability
But since your side under performed because Ghana sabotaged Tullow production here, Tullow has decided to pull out of Yout country.

And according to the contract, if they do that, your government owes them those liabilities.



Pay up before they take you to court and seize the entire kenya.


See what Ghana is doing with That 100 million dollars,
we are building more special isolation centers for all our Regional hospitals.

Whiles kenya is busy stealing Germany governm,et supplies

Germany had already forgive them cos they are not paying for the equipment until arrival. . no court action will be taken against them. but i doubt kenya will excape Germany wrath.

Just40:


Again

Ghana enquire to access their funds and they said NO because we are not in need of it.




Ghana has already provided 100 million dollars for it own relief
whiles corporate Ghana provide support to the hospitals.

I kept telling you guys that your economy was exposed to so many shocks.

The president open a convid 19 fund yesterday. and many cooperate body and individual have started donating.....

Just40:
COVID LOCK-DOWN SHOPPING

All this are perishable . aren't good for lockdown ...

Just40:


Ghana has not asked IMF for money

Ghana inquired if it could accessed IMF 10 billion covid fund and they said NO
because Ghana has 200 million dollars sitting for a NEW VOTERS register and a 100 million dollars also sitting for a NATIONAL CATHEDRAL that we have no need for.

We also have almost a Billion dollars sitting in our sinking Fund that we can access.

we are not broke like you guys in Kenya.

You also forget to tell the idiot , Ghana has close to 500 million dollars that she got from her petroleum industry sitting in the bank for the benefit of future Ghanaian citizens...