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In general, there has to be a contraction of the US economy and world economy. The US consumer has been the driving force behind the global economy and this is unsustainable.
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This is changing.I believe very soon US economy and consumer's force will change and the world will not depend on US economy.This Depression or great Repression or whatever is setting the pace for global economic change.Others are rising e.g The US neighbour:China... | |
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China is going to have big problems without US overconsumption.