About 8 years ago I posted an audio recording of an economic strategist who predicted that the world will one day converge into a network of regional trading zones.
- North America
- South America
- Middle East
In watching CCTV - the Chinese state television news - I learned about China ASEAN. This is a free trade zone with China as the main hub of the economic engine and other nations in the region agreeing to build up their infrastructure in support of trade and production.
Today America, despite our massive debt represents a top shelf investment destination, including US Treasury bonds that hold our $15T debt (soon to be $16T). The main reason why we retain this status is because there are no other alternatives that have the transparency and relative stability as does the US with its debt.
America has not seen a new regime come to power and then nationalize private investment holdings as is the case periodically in Russia, South America and parts of Africa.
You should look at "China ASEAN" as "That Alternative".