Saturday, October 11, 2014

China Becomes World's Largest Economy

In the last few days China (or should we say 'China'?) has overtaken the US as the world's largest economy. But there's more:

If you add to that the fact that countries are moving away from the US dollar at a faster and faster pace, and that contracts for energy resources are increasingly done in currencies outside of the dollar, you start to see an increasing pace for massive change.

This situation has been coming for so long, like a slow train, that I'm surprised if people are surprised. The trouble is people got distracted with sport, reality TV and smaller and smaller electronic gadgets.

NB By 'China', I'm referring to the fact that I think the Chinese Government is just as much a slave to the Banksters as the rest of us, and that this East vs. West is a faux dialectic. Look up the PBoC!

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