Re: Regional geopolitics
That is why western countries are eyeing so hungrily on Russia's or other former soviet block countries resources. To delay the inevitable collapse. These new countries have to share the debt by buying American debt(dollar). And whatever they have will be turned into western corporate value by owning or outright dismantling. Plus population integration into western consumer market. All this will give some more time. Incidentally, the latest difficulties in US budgeting are not about balancing it. The problems are about raising debt ceiling in order to pay debt interest. It has begun spiraling out of controll That in turn makes it harder to keep other countries in dollar market. Some countries are quitting dollar altogether. At the beginning euro was thought to be better, but it is going the way of dollar because of similar reasons. Especially after 2008 real estate/ banking fiasco. Also eurozone has enough internal problems to be unreliable.
Originally posted by londontsi
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