What will be the future of world economics?
Mukesh In all possilibilites we can see a great shift in the world economy with China ,India and other emerging economies increasing in importance with Europe, Japan gradually declining in importance. It seems unlikely that euro will replace the dollar as the world’s reserve currency. However, in a longer term perspective the Chinese yuan might take over that role when the yuan becomes fully convertible. So will also Indian rupee grow in strength.
the world it tightly wound around our economy like it or not if we fail all vested partys will too! chinas first they export the most crap to the US, Saudi Arabia, france, the UK an Russia too, then the rest of the klingons sucking the life from the carcus of our country most of the above listed own huge holdings in this country that means we dont run our own country anymore & they do and alot of nasty little backroom deals with our govenment was done with and without our knowledge, an this is why we are slowing hitting the skids and taking the rest of the world with us LOL who gets the last laugh is to be seen! PS everytime the Saudies Try to jam up the price of oil and make that production cut anouncment the price of gas dumps lower and lower you would think they would get a clue they are upsetting the consumer enough to cause them to stop buying inturn causing the surplus of fuel ahh 139 right around next week Merry Xmas to all!
Obama Failed Economy Policy: 1) Porkulous spending has not worked, has not created any new jobs, and has weakened the dollar in the world market. As Treasury attempts to secure over $65BB in new borrowing this week the probability of interest rates rising looms. The dollar continues its freefall against the Euro. According to June 9 (Bloomberg) – “Goldman Sachs Group Inc. advised buying the euro versus the dollar as risk aversion eases, prices of commodities rebound and talk of alternative reserve currencies undermine confidence in the greenback.” After interest rates rise the next step is hyperinflation. 2) As the US credit rating continues to fall, King BO continues to add to the deficit: 1. Monetize the debt and the stock market rises 2. The dollar continues to fall against the world’s currencies 3. Interest rates will begin to rise 4. The prestige of the United States continues to fall 5. Inflation continues to rise 6. The safety of US citizens continues to fall 7. The number of co
