US and China: International Policy as a Zero-Sum Game (tags)
After a half-year in office, a coherent foreign policy strategy under Donald Trump is not in sight. The US and China have very different ideas about creating prosperity and security. 600 million Chinese gained prosperity in the last 40 years.
The crisis is 30 years old, not three years old. The causes of the crisis should be tracked down in the real goods-producing economy, not in the financial markets. The financial markets were keep alive up to the collapse of the speculative bubble by credit-financed demand.
The US Will Experience Its Big Surprise (tags)
The dollar devaluation has to do with many things, above all with the double deficit. The US must become indebted more and more. China and Dubai could go on a shopping spree and buy oil companies. The US must earn euros to pay for the oil to be imported.
De-industrialization reduces the long-term wealth-formation of broad sectors of the population. An extremely high indebtedness of private households also contributes to the disastrous total deficit of the US.
Weak Dollar and Strong Bush: China and US Debts (tags)
To stabilize the value of the dollar, the US needs a daily currency inflow of $1.8 billion.. The budget plan of the White House rests on unrealistic assumptions.. The Bush administration assumes higher revenues by means of the tax cuts.