Sunday 23 November 2014

De-Dollarization: Is BRICS a Viable Alternative to the U.S. Dominated World Economic System? |The US economy is as fragile as can be. It is basically a balloon of hot air, ready to implode. This is partly due to its enormous debt – 105% of GDP (US$ 17 trillion, est.2014) – and unmet obligations – 127 trillion, about 8 times GDP; no other country in the world has this level of actual debt and foreseen but uncovered obligations : Global Research

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