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Reply #10: the rest of the world is already uniting and forming economic coalitions [View All]

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the_outsider Donating Member (258 posts) Send PM | Profile | Ignore Sun Sep-19-04 11:09 PM
Response to Original message
10. the rest of the world is already uniting and forming economic coalitions
Edited on Sun Sep-19-04 11:13 PM by the_outsider
they are very very aware of the dangers of a unipolar hegemonic US administration. They will not start a direct or indirect war against USA because currently their economies are too tightly tied with US economy. First they will try to reduce their dependencies on US markets. The currency Euro will become more dominant, Japan will trade more with China and will start to depend more on China's growing consumer market rather than on stagnant/sagging US market, the large devloping BRIC (brazil, india, russia, china) will try to form relations and coalitions among them bypassing USA. US budget deficit and trade deficit with all major countries will continue to mount. With US economy isolated and no one to bail out by buying US treasuries and pumping money in US stock markets, the worst case scenario will be very bleak. A * second term will surely accelerate this and Kerry may just be able to reverse this.
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