re: China is currently not an economic threat and is imploding internally.

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Its an economy built on constant growth, debt and wealth.

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There was a brilliant, crazy alt media guy in the early 2000's who said this:

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The US economy, driven by a fiat currency, fractional reserve banking, debt-based financing –- and “doped” with the billions of dollars of drug profits laundered through its corporations and banks –- is a superheated pyramid scheme of infinite growth wherein 5% of the world’s population consumes 25% of the world’s energy and a totally disproportionate share of the world’s diminishing resources and commodities.

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I don't know what the answer is when we can't keep building out and furnishing suburbia. Maybe the Mises guys know the way.