Impactful NEWS OF TODAY'S NEWSPAPERS:
"U.S. Deficit returns to exceed U.S. $ 1 trillion."
reuters
Translation: The U.S. debt is close to hitting the ceiling of U.S. $ 16.37 trillion before the end of the year. This can throw more fuel on the fire of the global crisis. The U.S. government necessarily have to cut spending, including with gun
ments and wars. It means that American power is being diluted and increasingly in the hands of the Chinese government, which is the major buyer of U.S. Treasury bonds (those who finance their debt). The dollar will depreciate further.
BRICS WILL FIGHT TOGETHER TRADE BARRIER
"Brazil, Russia, China and South Africa plan to work together to improve access to restricted markets today."
Translation: The BRICS are preparing for a trade war that is intensifying especially with the U.S., Europe and Japan After protectionism is not a good road for countries direct their economies in the 21st century. This "trade war" will prepare, in the end, a new and fairer global trade setup. Theme strategically analyzed in this book The Sociocapitalism for a Better World.
sábado, 13 de outubro de 2012
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