Comments on: A grand bargain to solve global imbalances Shining a light on the dismal science Wed, 16 Nov 2016 01:39:19 +0000 hourly 1 By: murfster Thu, 20 May 2010 06:21:53 +0000 More propaganda. The USA and the Eurozone will suffer a financial apocalypse and default on their skyrocketing national debt. Then the west will embargo China, because they will have no choice.

China is smart, but not so smart. The path of the world economy is not going to be linear. We here in the west have been covering up tax shortfalls with borrowing, tax shortfalls which have resulted from our rapidly shrinking *productive* economies. Once we can no longer borrow, we will face a truly grim future. And everyone will know that china is to blame.