Quote:
Originally Posted by thommy
if globalization ends ALL of you would be fucked.
how stupid sounds the end of the globalization in a board where 99% of the members living from the mechanics of the global market ?
if you want to cut global ties the first thing what have to go is the internet, you genius.
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here have an image with steps globalization process
https://www.investmentbank.barclays....e-know-it.html
The problem is, while globalization tends to increase overall wealth ? the pie gets bigger ? not everyone gains equally, and some actually lose. The angry U.S. blue-collar workers plumping for Trump and the rural anti-EU voters in Britain, for instance, see globalization as a project that benefits the elites at their expense. There is some truth to this. In the U.K., this contributed to the Brexit vote, and in the U.S., this helped bring Trump to the presidency. While Brexit has not yet happened, and while there is no telling what Trump will do when actually in office, the political debate has clearly shifted against economic openness.
WWW it is only one part - it starting to broken now
Net neutrality: what the US overhaul of internet laws will mean for the web
http://www.telegraph.co.uk/technolog...ws-affect-web/
Russia follows China in tightening internet restrictions, raising fresh censorship concerns
https://www.cnbc.com/2017/07/31/russ...-concerns.html
WTO - will be destroyed through sanction, Swift too under risk of sanction because was used against Iran. In finance institutes trust and reputation important, no one does not give its money not-trusted instruments.
For most of the past 25 years, globalisation was seen as an unstoppable force, as sure to advance as the sun rises in the east. But increasingly, it looks more vulnerable than inexorable. Causes for concern are easy to find. For instance, the last set of World Trade Organisation negotiations over further trade liberalization, the Doha Round, was a failure; Donald J. Trump has disavowed free trade agreements such as NAFTA and the Trans-Pacific Partnership (TPP); Brexit will reduce economic integration between the United Kingdom and the European Union, and possibly between the U.K. and the world; and regional opposition almost scuppered the Canada-EU Comprehensive Economic and Trade Agreement (CETA). Is the age of globalisation coming to an end?
Read more at
https://knowledge.insead.edu/economi...TicJrsR3O0l.99
Quote:
Originally Posted by thommy
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the same thing happens to the complete country because the debts are not secured. even the countries assets arenīt secured because there is no value in 20 year old tomahawk missiles what are part of the us assets.
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when the day will come when USA have to declare bankruptcy you have only 2 choices left:
1. go into a war against the world what you can not win or
2. being sold to china
however this can not have a good final - all logic speaks against it.
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China is Non-competitive with the USA, without tomahawk especially.
War with NK can down Asian economies few countries SK,JP CN etc.. 20 year old tomahawk missiles will work well)))