sunnsea

The Renminbi as a Reserve Currency (Part 1)

Like the Soviet Union and even today's Russia, America has nothing to sell that the rest of world wants. Manufacturing is the key to wealth creation as the Chinese well know. So a major applicance company closes its Evansville, Indiana plant today and 1100 more good paying manufacturing jobs are lost and of course the community wide impacts are greater than that number. Mexico is where refrigerators will now be made. And who cares in America that this has happened? No one. That is the problem. Like the Roman Empire in the end, no one really cared enough to even lift a finger.