The next U.S. president will have to navigate between grand ambition and the realities of the world economy, says CFR international economics expert Sebastian Mallaby. "American share of output is shrinking and America's power is shrinking," Mallaby notes, "and looking into the future for the next presidency, it's likely to fall even more." As a result, he says, "the name of the game is going to be to form alliances, to work with multilateral institutions, and to walk more softly." This video is part of a special Council on Foreign Relations series that explores the top foreign policy issues debated in the run-up to the 2012 elections.
SPEAKER:
Sebastian Mallaby, Director of the Maurice R. Greenberg Center for Geoeconomic Studies and Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations
http://www.cfr.org/us-election-2012/campaign-2012-global-economy/p26830
The fastest way to speed up US growth is to sell high tech weapons to China.
meltingEyeballs 1 month ago
@33deagle
Your use of the terms velocity and growth in your previous statement is misleading then.
WoodlandRavah 2 months ago
@WoodlandRavah
Never said FRN's would gain value.
33deagle 2 months ago
@33deagle
[Assuming FRN = federal reserve note]
How can the federal reserve note gain any value when worldwide people are rushing to get rid of the associated securities and they arent backed up by anything except the promises of people who have been caught perjuring themselves before Congress?
["Chinese ratings agency threatens US with new debt downgrade"] - Guardian UK ...
One of many related articles, might I suggest reading.
WoodlandRavah 2 months ago
@willmasahiro
["There was nothing controversial about that."]
Can i quote you for posterity?
Also note how you havent destoryed any part of my argument, please feel free to try.
WoodlandRavah 2 months ago
Just wait until the velocity of FRN's in the world financial system picks up. We will see plenty of "growth" in the United States.
33deagle 2 months ago
USNeedsMitt..
ceowolf18 2 months ago
@WoodlandRavah Come On. There was nothing controversial about that. It was almost uninteresting. It sucks how everyone who follows CFR is an amateur conspiracy theorist or a full-fledged wacko.
YOU GUYS HAVE SOME MAJOR PR ISSUES
srsly
JDR et al would NOT approve.
willmasahiro 2 months ago
Globalist Cleptocratic Sociopathic Control Freak Anti-Sentient Garbage Is What You Are Now Viewing. Listen Very Carefully To Their Silver Serpent Tounges, Within Those Words Is Treason Against Logic.
["...have to navigate between grand ambition and the realities of the world economy..."]
These words from the same people you know pushed through the policys that got us to this point. $454,393,280,417 Is the 2011 Total for interest on the debt, we slaves to this growing number. Pay'd 2 Whom?
WoodlandRavah 2 months ago