Sunday, January 5, 2014

For the first time in the history of capitalism, the emerging world is more powerful than the Western world



In the 1950s, America was above everything else. Today, relative to the rest of the world, America is nothing. For the first time in the history of capitalism, the emerging world is more powerful than the Western world. That is a huge change. And it brings huge tensions in the world. in Business Week

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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