Quote from fearless9:
R
Do you feel that WOM (white old money) will be permitted to take control in asia as the balance of wealth shifts, or do you imagine that wealth will continue to be centred in US/Europe, regardless.
regards
f9
At the risk of sounding rhetorical, I will ask why do you think there is, or ever was a balance of wealth.
The relationships in the world economy most closely resemble the game of tic-tac-toe.
The game theory tells us if both parties (and for the sake of simplicity lets assume two parties involved) play rationally and don't make a mistake - the game will always end in a draw.
For one side to win, one has to alter the rules of the game.
Who writes the rules of the game?
Who owns the magic printing press?
Who controls the price of oil?
Who's got the military that can destroy anybody's armed forces within a few days time?
Most importantly - who controls the value of the US$?
If I am who does all of the above and you can't really trade without first exchanging your slave labor manufactured crap for US$ - who really writes the rules of the game?
*slave labor manufactured crap - refers pretty much to anything in Asia, including Japan, Taiwan and Korea - a bit more sophisticated crap made by a higher paid slaves.
The question is - has anything really changed compared to 1700's, 1800's
Different players, same game, same outcome.
The road to the top of the food chain is evolutionary and not revolutionary.
1 yr is nothing compared to a couple of hundred years worth of evolution.
Unless we are talking about an E.L.E. (Extinction Level Event), everything that's happening is evolutionary.
Monkeys are still trying to catch up with us humans. May be not the best metaphor, but it is what it is.