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Add comment on:Banker Admits "We Engineered the Global Financial Crisis"
"We had quite a remarkable time in the last 15 yrs. when globalization really started, normally power is going where the money is going. The west and the industrialized world in the last 10 yrs. alone, we have created hundreds of millions of jobs in the developing nations by outsourcing cheap production and paying with money we deliberately devaluated as well. So we thought we might be on to a good thing here. We forced all the developing countries who produced all this wonderful stuff and took our money for it, to invest the profits into our treasury bonds so we can go on spending. That seems to be if you keep on going forever there, a good business proposition. Did power accumulate and how long and will it last? Can China grow at 8-10 percent forever? We were surprised it lasted as long as it did."
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