RAISE OF THE RED DRAGON

Reading the Washing Post, I found an article that called my attention. The column written by Steven Pearlstein, a respectful economic analyst, warns us to mark our Calendar June 13. The day The Crash of US Economy has begun. He based his analysis in debt vs Profit of American Companies comparison chart. What Happens next? I think what is coming it will not be pretty. Companies closing doors in USA and laying off employees in order to hire cheap work labor in China or India, Falling Stock Prices, Raising taxes or cutting services are some signs of the economic depression coming He is not the first one to predict the Economic Catastrophe and its consequences are coming. Martin D. Weiss who predicted the rising and Crisis of the oil prices and Iraq war also point the Economic Crisis coming. But that is not real problem. The real problem is called China or the Red Menace. China with a prosperous economic Boom and aggressive Global commerce expansionism is getting bigger and bigger as a result is not very hard to see what is coming next. So if we play with all these pieces what do we have? The acceptance that the US is no longer Prosper economically country and dropping off as a World Leader and switched by the Red Dragon. But we shouldn’t forget that Economic Crisis brings International Tensions and the Politicians tend to take us to war instead of facing the economic situation. As a result if we check the past after the great depression of the 1929, it leads us to the World War II. We could face a big war if US decide to stop the Red Dragon once for all, before is too late. What we can expect from the battle of these two titans? Maybe the beginning of a new economic era or even worst the world ruled under a new communist leading.