January 20, 2011
Here is a perfect summary of the current situation:
Over the past few decades, China has benefited hugely by hitching itself to a process of globalization where the rules were written in Washington and the American consumer was the buyer of last resort. China prospered by making first the socks, then the washing machines and finally the iPods sold at Walmart.Now China is moving beyond cheap consumer goods to infrastructure such as power equipment. By supplying developing countries with the tools to grow, China is becoming a principal global investor. In so doing, it is entrenching itself as an engine of growth for the future, which has an added effect of laying the groundwork for its own currency to take a central role in the new relationships being developed.
The fact that China is set to be the new global boss was confirmed by the White House red-carpet treatment and state dinner given to the Chinese head of state yesterday, culminating with Chinese flags planted along Constitution Ave. signifying the changing of the guard. The full outsourcing of the American Republic has been finalized.
The world now awaits its new marching orders.
Learning to 'Live Free' comes from experience and personal growth ... Lets break our conditioning!