The USA was not always the global economic leader. It took its current place more or less after the world wars. Before the USA, the UK was the global economic leader. The Sterling Pound was worth a lot more than what it is worth today relative to the Singapore Dollar. I remember my parents and [...]
Tags: Chinese economy, financial crisis, global economic, leadership
more... »
Every one knows about the huge amount of debt that the US government has piled up in the last two years since the financial crisis began. What has so far been swept under the rug is the fact that our own federal reserve is buying a large portion of this debt back. It is a [...]
Tags: economy, federal reserve, financial crisis, interest rates
more... »