Saturday, May 16, 2009

Debtors and creditors of the world

This is a very interesting website:

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html

It basically shows who are the debtors and creditors of the world. Now the creditors who have been supplying the USA with debt, used for consumption, will stop their lending, and spend on their own economies. More on this here (Peter Schiff is a genius).

The US dollar is the new toilet paper, aligning itself with the Zimbabwe dollar. The German style "careful" monetary policy of the European Central Bank will, despite the socialism of European politics, make Europe rise above the USA by many multiples as an economy.