Japan and China holding $1 trillion EACH of US Dept.

According to Prestowitz, president of the The Economic Strategy Institute , who just finished his new book The Billion New Capitalist and a six months tour talking with various world bank partners, "the world bank presidents are walking on eggs shells." Both Japan and China is now holding over $1 trillion EACH in US dept! Even the little guys have considerable exposure: Singapore $250 billion, Chile $50 Billion. to put it in his worlds "the wold central banks are drowning in dollars."

• PBS Interview In Depth: Tuff Enough?
• America's Technology Future at Risk
• Talk: The World Turned Upside Down: The Impact of the Return of India and China to their Historical Global Weight (A MUST SEE)
  

Prophetic soundings from MIT

"The world isn’t so much flat as gravely tilting, “and may be on the way to some kind of self-destruction,” believes Clyde Prestowitz, Jr. We’re due for a major rebalancing of global economic might, which the U.S. may well experience as catastrophic change. "

It is so refreshing to find someone else awakened to the reality...

• Talk: The World Turned Upside Down: The Impact of the Return of India and China to their Historical Global Weight
• Did you know that 1850 China was the world largest economy?
• Both India and China are recapturing their original position as a global leader.

Bush Speech (Edited)

Bush Speech (Edited to deliver the truth)