Excellent effort and analysis!
It is exactly because of this debt sword hanging over the world that I have been of the opinion that, the coming collapse will be detrimental to humanity at large. The illusion of "prosperity" created by this debt is catching up very fast and we are at the pinnacle of this bubble.
Fact is, and as you have noted previously demographics are the ultimate trump card... debt induced prosperity/burden obligated a certain form of society, a family or lack thereof, couples delayed having children and all sorts of justifications and theories were surmised to understand it except for the real and overarching. Beneficiaries of the system thought the bubble will never end... I guess they for the most part lived through it
Since, it has been concluded at this point that demographics henceforth are in permanent decline, the debt burden therefore is much greater on coming generations especially keeping up the consumer habits of previous generations and with automation even keeping them gainfully employed... the matrix henceforth is greater number of desk jockeys unable to justify or their own positions much less job description.
China therefore, and as we know inevitably will top the chart but only briefly, who knows how long. Which brings me to the heartland and BRI and here is something tangible but Pakistan remains a bystander, an onlooker, an observer and a client. The lack of ambition or muffled aspirations is nauseating... the philosophy behind JF-17 says it all ... secure the homeland. It is not a weapon of projection less to secure Kashmir or even create/secure Pakistan's near abroad.
At the end of the day, Pakistan gets a once in centuries opportunity created solely by it's demographic and totally unintentionally to create it's own niche! All it needs is someone with a direction and ambition. Or, a rudderless leadership will squander this dividend and Pakistan will remain subject to foreign intervention and it's population useful labor for someone else with ambition!
PakBrother mine,
All valid. True all what you say!
As in this journey is dechiphering
The Momentum of History we have found that the
Modern Monetary Theory is in essence worst form of
Colonisation...
Cleverest at that too.
We need to further disucess/expand on this
Financialisation of Everything and the Colonisation of the Worst Kind!
But, perhaps, we must move towards this end with considered slowness...
The manner in which BIS, Fed, BoE, CEB and BoJ have flooded the markets/financial system with unlimited, unrestrained liquidity and consequent AssetBubble ... a Disconnect between the
DailyLife of 'Humans' and
IrrationalMarket upsurge.... the
BemusedObserver fears it might all be by design as well... Controlled Demolition of sorts...
SDR?
Someother plastic variation of it?
Who knows....
That this is an End of an Age is a given.... how it winds down is unclear... or uncertain.
I do agree with you about China... and your accute observation of it...
For now one only sees
China as
History's Actor as
The Momentum of History Accelerates!
The Cycle of past 300 years is Ending...
not over yet...
The End happens in Misery...
without exception... so this
Old Cycle won't be any different. Otherwise, it would agianst
The Governing Principle, against Nature.
BondYield. The KEY.
For now kept under massive supression against any '
FreeMarket' principles... since, FREE Market died in the 1980s.
Pleople talk about the
Dollar's Collapse...
but the most fail to mention what would it mean for the rest of us... the 'Humans' ....
Unlike 2007-8 this current
Explosion is coming from Ground up... from individual bankrupty to small business to small banks... eroding the
EcoSystem of
FinancialCapitalism....
Debt-based-Growth without savings needs Constent Wars!
Regarding
Pakistan... I can only agree with you.
However, we need to
Restructure PakState from Ground up... current
Nizam is designed by the
CriminalEnterprise which is subservient to
The Empire.
Noora in Londonistan doing hawakhoori!
A State has a sense of itself. A notion. Clarity. Only then can it be and ACT.
The example of JF Thunder is quite painful but accurate one.
We have been in
Survival Mode for more than 50years... hence, our thinking as State/People is Survival...
But as we shall expand on the
PakDemographics and build on it... certainly,
Pakistan The Heartland has enormus potential.
However, between Possible and Probable ... lies Belief, Thinking, Planning and Execution!
Our journey as PakState is now from SoftState to SolidState ...but once again this will only happen if we are able to
Reconfigure/Restructure from Groud up!
There is NO Shortcut!!!
One has tried to draw attention of the
YoungPaks here that there is a accute, perhaps intentional, absence of
PakPositiveNationalism rooted in
OurPromise and
OurHeritage...
all of it!
The Elite is infact scared of PakPositiveNationalism...
becuase then there little shops of language/provincial/ethnofacism will close.
Pakistan is The Second State .. Pakistan Shall NEVER be The First State.
And our
Forever journey towards
The First State is the
Root of PakPositiveNationalism!
For now we need to focus on
Education that can help boost
OurEconomy rather than mere degrees which are rather unnecessary or irrelevant.
Once again NO Shortcuts.
As you correctly said... either Our Demographic becomes
just labour for others
OR Becomes National Strength For Pakistan...
We don't have policy of such a
Roadmap at the moment.
This is The UglyTruth!
Mangus