Bank for International settlements estimated derivative products at over $ 600 trillion

It sound s crazy but our minds would like to believe otherwise. It is interesting to think like olden days detective investigating a "crime", who benefits at the end of this cycle of trade imbalances?

Fall of dollar is equivalent to the 3rd world war, and may be I feel the end of cold war was bad-- it removed a constraint in the system. Unconstrained unipolar world, led USA to indulge in free unlimited consumption, seeking the inevitable constraint, and now the impact of hitting the constraint could be the economic center of gravity will move to China. Dollar may lose its position as the reserve currency, if more nations start trading oil in non-dollar terms, and year over year dollar investments by others get dried up.

The upheaval will certainly have collateral damages. Only rich fat cats took advantage of the stimulus because, only the same rich fat cats who failed the nation, remained in charge of distributing the largess. Darwin's theory works; self-preservation comes first.

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