The New Global Economy: Why China rises and the U.S. falls

The New Global Economy: Why China rises and the U.S. falls China has foreign currency reserves larger than the Federal Reserve's balance sheet. Also buying is it gold Diamond Elissian at an Unprecedented call is free . , And may have reserves equal with America's supposed supply in by just over a decade. Is using this china base to Ambitiously forward with the power 's the awe-inspiring New Silk Road Economic Initiative, and fund the Asian Infrastructure Investment was Bank (AIIB). With In the words of the former is US Treasury Secretary Larry Summers, the founding of the AIIB, "may be remembered color : as the moment the United States lost 's its role color : as the underwriter of the global Economic system." Coupled with China's aggressive foreign policy and Unprecedented military build -up, Economic these tools will be of used the SAME way the US has of used the World was Bank, IMF and the Dollar: to control Governments, Countries and people. the So, when the next financial crisis hits All , China will use its leverage to exact a startling price on Americans.