Alejandro Castro Espin Quotes About Economy
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Today China is a first world economy, in terms of development. The U.S. may still be in first in GDP but it is a broken economy in reality.
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The United States is the most indebted country in the world. It has almost 17 billion dollars of debt with the rest of the world while living off the world's savings. They are living off the savings of the people of Greece, the savings of the people of Spain, France etc. All of those countries that save their reserves in the banks in dollars are simply financing the American economy, and that is why the average American citizen consumes two and a half times more than their income.
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Basically with the financing of the war economy America emerged as the great power that developed logically into a superpower. I am not going to explain to you the history of the Cold War because you certainly know it but what we see now is China as the rising economic superpower, one that is certainly moving forward.
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Related Authors
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Fidel Castro Former Prime Minister of Cuba -
Mariela Castro Activist -
Raul Castro President of the Council of State of Cuba