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Originally Posted by danasan
I totally agree on that.
Let me add, please, it is about resources as well: Oil, gas, water etc.
On another note, it seems to me as if the political part of the USA ( not the people ) is going to continue their politics of isolation from the rest of the world.
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I don 'T know if they isolate themselves from the rest of the world, but they certainly actively shift their focus from slowly dying Europe, which can mean only little to them these days, to the pacific - that is where the band now plays. The EU simply is not being taken serious by America, Russia, China, Brazil, India. It gets actively ignored, snubbed, bypassed.
Far more serious is that America alienates its biggest creditor. And that will backfire sooner or later. Even more since said creditor seems to probably prepare his return to a gold standard, and claiming the status of global reserve currency for itself in the forseeable future. Americans tend to appease themselves by thinking China has lots to lose when letting America fall. - And that is where they think wrong. Its not as if China has nothing to lose. It's just that it has
less to lose if they let America fall. Sticking with it, just mounts the final bill. Its a bit like like with the Tiger chasing two men. You must not run faster than the Tiger. You only need to run faster than the guy beside you.
P.S. Bernie Ecclestone recently said something like this: Europe is done. It will make a nice tourism ressort, and that's it. - In a nutshell, he is right.