Tuesday, April 26, 2011
China economy to outpower the US
The IMF predicts that economic dominance by the United States will secede to China in 2016. As the buying power of the US bill falls and Standard & Poors downgrades the American dollar, what explanation can we come up with for the comeuppance of this currency collapse? Max Fraad Wolff of The New School explains the trends that are helping lead to this collapse.
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