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The Great Rebalancing

Trade, Conflict, and the Perilous Road Ahead for the World Economy
Dec 20, 2013StarGladiator rated this title 1 out of 5 stars
"Pettis shows that severe trade imbalances spurred on the recent financial crisis and were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations." Oooohh, please, Mr. China, a k a Peking University pseudo-econ prof, Pettis doesn't know about credit derivatives and securitization and rehypothecation? Nor does he understand that all those so-called "free markets" (really freak markets) are rigged? Sorry to dispute another clown who never equates the offshoring of jobs, technology and investment to China with the "China miracle" - - in other words, another so-called economist who doesn't understand squat! And of course, Pettis agrees with the macro plan of the super-rich, "Why not use SDRs" (the IMF's pseudo-financial-global-currency construct to supplant the US dollar as the global reserve currency)? Why indeed, Mr. Pettis, but the more salient question is why would anyone with enough neurons capable of reading your book not understand your scam? (I question the sanity of some of the other commenters in accepting anything at face value from the faculty of Peking University -- that's in China, dudes!)