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The Market Domino Effect: Staying Ahead of the Curve [View article]
figure out that all they are doing is importing our debt. Then hold on to your pants! Uncle Sam is stuck playing in a bad game of Hearts, and the only card we have is the queen of spades.
Back in the day, I recall inflation being defined as to many people chasing too few goods. The BRICS countries (I count the Saudis as a world player due to wealth) can afford to do this for awhile by using the exponentially decreasing dollar. We are 5% of the world's population, and continue to use 25% of it's resources. If the goal of the BRICS countries is to live like us, the world will have to shed itself of approx. 3 billion people.