The two sides discussed ways to enhance economic cooperation between countries, including expanding market access for American businesses into China and increasing Chinese investment. Leaders from many of the United States’ largest companies joined a portion of the meeting.

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中文推特圈简直越来越没有下限了！！！！ 蓄意利用AI伪造图片，对一姐进行造黄谣攻击，多个账号同一时间集中发出，明显是有组织、有预谋的恶意行为。 看到这种东西，真的生理性反胃。 这些账号平日里不是造谣就是靠博取流量维生，毫无底线。嘴上一套正义凛然，背地里专门去伪造图片攻击一个女性？这叫什么人？嘴里全是粪。 尤其是 @Web3454354 ，我他妈还关注了这种垃圾，举报+拉黑！如果背后是友商授意，那就更下作！躲在阴沟里干这种龌龊事，就是一群蛆虫。推特平台理应封杀这类账号，不该给这种内容任何生存空间。 @nikitabier @ElonMuskAOC 难道这就是推特的价值观？ 强烈呼吁大家对以下账号全部举报、拉黑： 🔗 🔗 🔗 🔗 举报，拉黑，不传播。

I have been asked by several people what I meant when I said “we are in a world war” in my most recent note. To be clear, I didn’t mean to convey that I expect a shooting war between the U.S. and China (or any of the great powers) anytime soon. What I meant is that we are in the phase of the Big Cycle when major powers are in military wars and that the various wars happening now are interrelated, hence we are in a “world war," with the sides lined up as I described and with the implications for each of the main players and the whole unfolding in relatively classic interrelated ways that I describe as a progression of the Big Cycle. For example, it is now widely believed that if the U.S. fails to open the Strait of Hormuz to have free shipping and to protect its Gulf Allies from attacks, countries all around the world (most importantly in Asia) will conclude that the U.S. might not be the strong ally and countervailing force to China that they thought it would be. which will lead some to tilt economically and geopolitically more toward China in a number of ways - e.g. to buy less U.S. debt (which is what happened to the British in the Suez Crisis, bringing about the ultimate end of their Empire) - and it could lead others to build up their military capabilities.  As I complete my nearly three-week trip in Asia, I can convey that what I am saying is based on a lot more than conjecture. The reason I do not expect a U.S.-China military war soon, but I do expect a lot of brinksmanship, is because both nations realize that such a war would be devastating and that it would be impossible to fully win over the other, at the same time as they won’t want to give much.  Also, each country believes in its own economic and political systems and that the outcomes of those systems will determine their relative powers. And both nations have critically important domestic issues to deal with.  Some people in leadership positions, especially in China, believe that the relative health, wealth, and power levels between countries is not as important as their own absolute health, wealth, and power levels, and that helping each other build these rather than tear them down is most important. For example, they believe that the world will be a dangerous place if the U.S. and China don't have AI cooperations and controls, and they are concerned that AI can be weaponized. Most countries know that most wars in history were won by one of the sides secretly developing new technologically advanced weapons and showing them to their opponents. So, I believe that both sides think that their wars will be non-military wars that will yield evolutionary changes in relative powers.  As for how the Chinese will fight, and how the world order related to it will evolve, it will probably look more like the type of war described in the “Art of War” (which I suggest you read if you haven't), and for how the new international world order will evolve, to the extent that it is influenced by the Chinese, it will evolve to be more like the tribute system (which I suggest you understand if you don’t) than the existing world order. At the same time, I expect that there will continue to be trade, capital, technology, cyber, and geopolitical influence wars between these great powers and that both will continue to have justifiable fears of being cut off from essential goods, services, and capital that will necessarily will greatly reduce imbalances and interdependencies as well as efficiencies in production and trade of goods, services, and capital. I also believe we will increasingly see these two powerful nations pressure each other because there is no other way to resolve disputes now that the rules-based multilateral world order has been replaced by a power-based, self-serving world order. Said differently, I expect that China will be very strong in its defense without being very aggressive in its offense.  That is not just for tactical reasons; it is also because China has strong cultural inclinations to be that way. I hope this is helpful in clarifying my thinking and as always I'd be happy to answer any other questions or hear your thoughts. Ray

💎 @GeniusTerminal has updated its airdrop rules, leading to increased discussion. The implied FDV of $GENIUS on Aspecta Pre-Market is now above $238M, up 35.95% in 24h. 🔗