The real threat to the U.S. in the future is not China, but rather the U.S. itself. … That’s because it has not yet realized that a big era is coming and the financial capitalism that the U.S. represents will reach its peak and then start falling. On the one hand, the U.S. has already taken full advantage of benefits that capital generates. On the other hand, via the technological innovation that the U.S. leads,
Now, China can’t engage in a massive construction boom because they don’t have the dollars to buy the iron ore and the galvanized steel and everything else they have to buy that they don’t have sourced domestically… They are desperately short all of these resources, therefore they have to constantly import them… In four short years, their imports of crude oil have gone up 50%. So this is China’s problem. This is the “you can’t
In terms of capacity, the backlog in transmission interconnects is 2,600 GW. That is larger than the installed capacity of all power plants currently operating in the US. -Private electrical infrastructure manufacturer exec, citing US DOE data, 2024 Most major OEMs and Utilities I spoke with are starting to book business out in 2028 and 2029 (I have actually heard utilities quoting projects in 2030). -Private electrical infrastructure manufacturer exec, after 2024 trade show [One