We are about to witness a dramatic tipping point in world commerce.
If you live in America, inflation and high interest rates are reducing your purchasing power and your ability to get a loan. But it’s not just affecting Americans. America’s financial decisions are affecting the whole world. The less reliable the United States’ economy is, the faster other nations work to decouple themselves from it. There will be a tipping point, however, when the rest of the world will be not only independent from the U.S. but even capable of bringing the once great superpower down. That’s why consumers in the U.S. need to be more alarmed by the world’s response to America’s policies than by their own shrinking savings or rising debts.
Rad more at “Wrecking the U.S. Economy Affects More Than Just the U.S.”