Global Systemic Dislocation: Economic Implosion in the EU, Internationalization of the Yuan, Crumble of the Dollar

If the process is slow, if the events seem trivial, it is paradoxically because the crisis is the first truly global systemic crisis, one much deeper than the one in 1929, affecting all countries and overwhelming the heart of the system. Whereas 1929 was the adolescent crisis of a new world power, the US, we now experience the last days of an incurable, and incurable that had been the world’s sole superpower since 1945. But the whole organization of the world was built around the US, and it is no one’s interests for it to collapse before a complete decoupling. So it is for everyone to safeguard the usual appearances while ensuring a smooth transition, which explains the slow crash in progress.
http://www.globalresearch.ca/global-systemic-dislocation-the-economic-implosion-of-the-eu-internationalization-of-the-yuan-crumble-of-the-dollar

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