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21st Century Global Financial System of Market Economy
In the 21st Century currently existing Global Financial System lead by US and other Most Developed Nations (incl. China) and managed by the Parish Club, WTO, IMF and the World Bank must change their approaches to apprehend the most recent developments of chronically becoming indebted World, in which except for a very few countries and market as China and India, most of the rest Most Developed Economies as US and GB, Developing Countries as Spain, Portugal and Greece, and Undeveloped Countries as Bulgaria, Rumania and many South American Countries, Asian and African Countries are greatly indebted or very underdeveloped. A Central Banking System is needed to control the global “demand-to-supply” balance by being able to issue capital, instead of the current global financial system which performs more as a “lender”.
Beyond American Dollar – What China WantsGuns, swords and human braveries ruled the world for centuries. The old world was lead by weapons and the most powerful nations were the ones with the most sophisticated military. But in our time, that is changing. Yes, arsenals matter, but for the relative peace of the modern world, what rules the world is the economics.