July 19, 2013

The Race Out of the Door: F. William Engdahl The Matterhorn Interview

Mr. Engdahl states that all we see during the financial crisis is a prolonging of the race out of the door. The crisis isn't just the result of a bubble in the U.S., which has been popped, but it goes much deeper. Yet, the underlying causes aren't tackled at all. Instead, we experience the problems with a banking system that creates money with little collateral behind it; it's all a giant con-game, says Mr. Engdahl. Moreover, he explains his views on the geopolitical game that's going on between China and the United States, in particular the challenges for the US dollar vis-à-vis a growing internationalization of the Chinese currency in bilateral trade agreements.