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RE: China Challenges The USD. The US Can't Invade This Time.
We lost the economic war when Americans decided they liked the cheep toys and trinkets. See China empoly's slave labor. So buying even resources from china is supporting slavery. Those countries that buy material resources from china in turn produce products cheaper than can be done without the slave labor of china. Thus there products, goods, and services are also cheaper. Thus U.S lost its manufacturing base and will loses the currency war as a result.
Yes. US manufacturing is so much more expensive than other parts of the world. Labor too, even not considering slave labor. US has very few advantages left, except USD as a world reserve currency and military strength. Maybe our sanctions will slow trade with China and reduce their slave labor? Wishful thinking.