The “Asian Pivot” in the title is a recently-invented phrase which describes world nations pivoting away from American allegiance and pivoting toward Asia and specifically China.
Spengler is a link to an outstanding article by “Spengler” at The Asian Times. You MUST read this. The American Main Stream Media will not report this, yet this meeting that happened November 16th – 20th, was the single most important market shift in the last 100 years.
Here are a few excerpts:
“It is symptomatic of the national condition of the United States that the worst humiliation ever suffered by it as a nation, and by a US president personally, passed almost without comment last week.
Does the United States have a competitive advantage? Apart from commercial aircraft, power-generating equipment, and agriculture, it has few areas of real industrial pre-eminence. Cheap natural gas helps low-value-added industries such as fertilizer, but the US is lagging in the industrial space.
…The US still dominated the nuclear power plant industry. With the sale of the Westinghouse nuclear power business to Toshiba, and Toshiba’s joint ventures with China to build (thorium) power plants locally, that advantage has evaporated.
The problem is that Americans have stopped investing in the sort of high-tech, high-value-added industries that produce the manufactures that Asia requires.”
CLICK HERE FOR THE ARTICLE: The Asian Pivot