Sunday, March 22, 2015

China's checkbook diplomacy is coming of age

Are readers starting to see a recurring meme here?  That USDollar hegemony is on its way out?  Do you understand what that will do to your standard of living long-term?  It's not merely a passing of the torch from the US to Chinese financial and diplomatic dominance.

The US will be part of a multi-polar financial axis of power--America won't fall off the geopolitical landscape.  But the reserve currency status of the petrodollar will result in loss of purchasing power and catalyze social turmoil.  Think Americana spring.

The Obama administration and Congress are scrambling for damage control.  They know America's unlimited credit card bill is coming to an end.  They also know our trading partners and closest allies know it.

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