China’s Tumultuous Economy Hit With Deflation

Over the last several years following the 2020 election, the United States has lacked a clear and concise direction, and often appeared leaderless at the federal level. Since Joe Biden entered the oval office in January of 2021,  ever increasing problems have faced the nation. Inflation continues to harm the American consumer and average families everywhere in extremely detrimental ways as levels reach heights not witnessed in decades. In many cases, the real buying power of individuals has seriously declined as prices soar and wages stagnate, unable to keep up with the cost of living. At the global level, rival nations, adversaries of America and the western world have taken the offensive, acting aggressively. Russia remains engaged in a bloody conflict in Ukraine, and China seriously threatens American dominance in the Pacific. Trade continues to sizably increase between the two countries, a clear indicator of a new power alignment on the global stage.

Reportedly, Iranian spies have infiltrated the American government, only proving further how broken and dysfunctional the status quo in Washington D.C. remains. In an article written by the Washington Free Beacon, Iranian government backed operatives have infiltrated the Biden administration, and now possess classified and valuable information regarding the functions and security of the federal government. Congressional Republicans penned a letter on Wednesday,  September 27th to Biden. Allegedly, the information obtained about the American government has been utilized by the Iranian state, appearing in media outlets within the nation domestically.

The Chinese economy continues to struggle as the United States face significant financial, social, cultural and political problems within the country. Recent reports showed that American trade with China fell to in terms of imports and that for the first time in 20 years the nation was not the leading importer of products into America. The Chinese economy has recently experienced deflation- consumer prices have actually fallen within the nation. The drop was the largest since 2009.