French demographer Emmanuel Todd's "After the Empire" is best seller in Europe and is now available in English.
Who is Emmanuel Todd ?
He is one of the few who predicted the collapse of the Soviet Empire in his book published in 1976.
Now in his book "After the Empire", he has predicted collapse of USA. And he has reason to explain why he thinks so.
Read what he says.............
After World War II, Japan and Europe accepted USA leadership as a safeguard, with the military power of USA , against Soviet Union. But now the circumstances are changed. Soviet union is no more strong. Europe is now industrial more powerful than the USA. USA administration policies pushed Europeans closed to resource rich Russia.
The USA entered the 20th Century with plenty of resources of natural resources, powerful industrial production, and imports were less than the exports which made USA the most powerful and self-reliant economy of the world. It began exporting its manufacturing and technology base in the 1980s and has since run up a skyrocketing trade deficit - and a foreign debt of nearly one and a half billion dollars a day.
Companies like Wall-Mart, now produce their products in poor countries, out of America, like China and Bangladesh. This not only increased unemployment in USA, but widen the import-export gap. In 1990s , the import-export gap was 10,000 Crore US $, which now has grown to 7,63,000 Crore US $. America has become a sort of black hole - absorbing merchandise and capital but incapable of furnishing the same goods in return.
During 1940s, half of the goods, produced in the world, were produced in USA. Now most of the goods are produced by China and Japan.
Because of idea of USA being rich, European and Asian countries sell products on credit. If these countries stop selling their goods on credit to USA, then collapse of USA will be the only result. Now-a-days European countries are trying the best to promote their Euro against US $. The day Euro replaces US $ in international business, America will follow the footprint of Russia.
Who is Emmanuel Todd ?
He is one of the few who predicted the collapse of the Soviet Empire in his book published in 1976.
Now in his book "After the Empire", he has predicted collapse of USA. And he has reason to explain why he thinks so.
Read what he says.............
After World War II, Japan and Europe accepted USA leadership as a safeguard, with the military power of USA , against Soviet Union. But now the circumstances are changed. Soviet union is no more strong. Europe is now industrial more powerful than the USA. USA administration policies pushed Europeans closed to resource rich Russia.
The USA entered the 20th Century with plenty of resources of natural resources, powerful industrial production, and imports were less than the exports which made USA the most powerful and self-reliant economy of the world. It began exporting its manufacturing and technology base in the 1980s and has since run up a skyrocketing trade deficit - and a foreign debt of nearly one and a half billion dollars a day.
Companies like Wall-Mart, now produce their products in poor countries, out of America, like China and Bangladesh. This not only increased unemployment in USA, but widen the import-export gap. In 1990s , the import-export gap was 10,000 Crore US $, which now has grown to 7,63,000 Crore US $. America has become a sort of black hole - absorbing merchandise and capital but incapable of furnishing the same goods in return.
During 1940s, half of the goods, produced in the world, were produced in USA. Now most of the goods are produced by China and Japan.
Because of idea of USA being rich, European and Asian countries sell products on credit. If these countries stop selling their goods on credit to USA, then collapse of USA will be the only result. Now-a-days European countries are trying the best to promote their Euro against US $. The day Euro replaces US $ in international business, America will follow the footprint of Russia.
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