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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%4:00 PM EST
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To: TobagoJack who wrote (143529)9/25/2018 10:58:43 PM
From: THE ANT  Read Replies (1) of 217832
 
I once read that the great depression effected great Britain much less than the USA as it had the reserve currency and had outsourced much of its industrial production.Britain’s industrial production fell only a third as much as that of the USA. I cannot find that article now but as I remember it stated that the US was now in Great Britain’s prior roll and China in the US’s prior roll. My guess is that the US has a much stronger hand in any trade battle with China than vice versa.Any thoughts?

britannica.com
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