Part 7/13:
The speaker notes that China's dominance in robotics, manufacturing, and power generation puts it at the forefront of this technological revolution. The U.S.—notably lagging behind in robotics and power infrastructure—is under enormous pressure to run its economy hot to catch up or risk losing strategic dominance.
Why does the U.S. have no choice? Because economic expansion fueled by cheap credit, massive infrastructure investments, and deregulation are deemed necessary to compete globally. The U.S. government, under urgent pressure, will likely inflate its debt via monetary easing cycles, reducing interest rates, increasing liquidity, and fueling asset inflation.