Global Economies 2015 – Once More Off-the-Cliff, Dear Friends Part 1 (#35)

The United States set the trend, as it has done for so much that happens in the World, everything from fast food, cars, to clothes, music and movies, to technology, weaponry, to geo-political maneuverings, and to economic trends. It was the perennial advocate of the capitalist system over socialism and communism. It won that battle, and today most of the major economies practice some form of capitalism. And when things went wrong in the capitalist system, as they are prone to do with a freewheeling system, America found the solutions to fix them, and for the past four (4) decades it has done so by steadily increasing liquidity. And the rest of the World has faithfully followed. And why not,

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