Zap
13-08-2009, 09:25 AM
How much worse is the economy going to get?
Are we witnessing the global shift in power from the empire of the United States of America to China?
Is China going to become the dominant economic force of the 21st century?
This Is No Recession. It's A Planned Demolition. (http://www.globalresearch.ca/index.php?context=va&aid=14751)
The executive board of the IMF does not share Wall Street’s rosy view of the future, which is why it issued a memo that stated:
“Directors observed that the crisis will have important implications for the role of the United States in the global economy. The U.S. consumer is unlikely to play the role of global “buyer of last resort”— other regions will need to play an increased role in supporting global growth.”
The United States will not be the emerge as the center of global demand following the recession. Those days are over. The world is changing and the US role is getting smaller. As US markets become less attractive to foreign exporters, the dollar will lose its position as the world’s reserve currency. As goes the dollar, so goes the empire. Want some advice: Learn Mandarin.
Because most of the bankers behind the demolition are from the US or other US friendly Western countries, are they not shooting themselves in the foot by devaluing their own wealth?
Are we witnessing the global shift in power from the empire of the United States of America to China?
Is China going to become the dominant economic force of the 21st century?
This Is No Recession. It's A Planned Demolition. (http://www.globalresearch.ca/index.php?context=va&aid=14751)
The executive board of the IMF does not share Wall Street’s rosy view of the future, which is why it issued a memo that stated:
“Directors observed that the crisis will have important implications for the role of the United States in the global economy. The U.S. consumer is unlikely to play the role of global “buyer of last resort”— other regions will need to play an increased role in supporting global growth.”
The United States will not be the emerge as the center of global demand following the recession. Those days are over. The world is changing and the US role is getting smaller. As US markets become less attractive to foreign exporters, the dollar will lose its position as the world’s reserve currency. As goes the dollar, so goes the empire. Want some advice: Learn Mandarin.
Because most of the bankers behind the demolition are from the US or other US friendly Western countries, are they not shooting themselves in the foot by devaluing their own wealth?