The US dollar has now had its worst performance in 50 years. Keen tells us that oil prices are rising, risking stagflation.
Mordor is badly losing to China in terms of world trade, in part because the US is increasingly unreliable as a trading partner. In addition an increasing number of countries do not want to be saddled with treasury bonds. The results look like a huge capitalist crisis. Keen predicts the US recession of 2008. Another tsunami coming!
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