Capitalism is not meant to lead to government sponsored healthcare. True capitalism is supposed to be lean government not what America is today. Ironically most of the problems of America are tied to entitlement programs (Medicare, medicaid, social security) and lavish military spending. These two groups make up most of the US budget.
So entitlement programs are slowing draining and killing the Empire.
China has its own major problem. It’s population is set to go from 1.3B to 500M by 2100. It is set to lose 300M by 2040-2050. Negative birth rates.
We have heard this talk before. No one knows the when or outcome of irrational fiscal spending. However, you can be assured if US collapses most fiat will collapse alongside it as US underpins the global financial system and is considered the reserve currency of the world.
Collapse of the dollar will create a global contagion as fear and panic cause civilians to dump fiat currencies in their respective countries for gold or anything that they deem more stable.
Until Obama era, Iran was selling oil to everyone including EU. Even US oil companies had dealings with Iran in the 90’s. The most draconian sanctions was the oil sanctions and that sent iran into a hyperinflation spiral. That has been only the last 10-15 years, not 45 years.
We commend Iran on its sanctions busting capabilities. However, Russia has also been able to adept these same capabilities in a little under 2 years.
I see no adancmeent in oil industry or natural gas industry or liquidified natural gas technologies. Those industries needs $100B+ of reinvestment that Iran doesn’t have.
Losing faith started in the 90’s and started picking up in 2010 and recently with Mahsa protests.
The country is divided, much like US. Wether those against the current government are right or wrong is a different topic altogether and not the basis of conversation.
There is $1T+ USD of oil underground that will (given time) become more obsolete with newer technologies.
You would let such crucial funds go to waste because of such a viewpoint?
Where do you think Saudi Arabia is getting the funds for all these ambitious projects aimed at building an economy one day that is free from oil revenues.
Sell it for gold. Sell it for Yuan. Sell it for anything you want.
Your thought process is a bit irrational to say the least.
And that resource will by 2100 be less in demand then today and that means the price you can sell it will continue to fall as supplies build up from all of the remaining oil producers desperate to get their inventory sold.
Oil will not be black gold forever. With fusion technology, future electric energy, nuclear energy, wind energy, solar energy, and other breakthroughs oil will become a thing of the past as its affects on Earth is well documented.
Sell it before it is a useless cheap good.
Remember there was a time in human history where Table Salt was very expensive and considered a luxury for the rich.