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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
how is he doing? back to work?
Because it is in the power of the FED the ECB etc. to steer US and EU economies into depression and then China has no more customers, faces social- political unrest , and inflation.
Thus China is not in the driver's seat. I do not think the US will allow anyone to put the USD's role as world trade and reserve currency into question. In fact however this is based on a myth, that the US is autarchic. This has been so after the end of WW II for some years but the myth is still active.
the next race is welfare cutting, UK is leading the world again.