Friday, April 8, 2011
(and the US is becoming main debtor of the world)
Really sharp piece telling what the China is up to, explaining world trade imbalance dynamics and its consequences. If it goes that way, China will but the world for the US debt and the US will end up the world's main insolvent debtor (and an enemy of everyone). The US will be the enemy No 1, China will own the world and the western world will be bust.