China vs Yankees: From Trade Wars to Financial Wars

There is no doubt today that China is winning the capitalist war of production. China is building roads, setting up transportation systems and helping its neighbors to harness energy. Yankees continue to invest in technologies of destruction (military). However the one card the Yankees can still play is with the dollar as the world reserve currency. Though China, Russia and Iran have withdrawn from the dollar they are not yet in a position to replace it. The Fed is loaning trillions of dollars to Wall Street. What will happen to the world economy if this bubble breaks?

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