Totally agree "US lead the financial world" and by the nose.
Don't get me started on how the US robbed billions worldwide through mortgage backed securities and the GFC.
It's inevitable that as the US keeps increasing interest rates, the world will have to follow. Borrowing money will cost more. This will mean big problems for Australia, with our fragile as glass housing market.
The US is also controlling the world through oil. Their determination to keep increasing oil production has many facets. A net importer for many years, it is relying less on imported oil, stemming currency leaving the country while other revenue streams are shrinking due to the trade war. It ensures oil will be sold while it is still relevant ( what price for 10 mbpd in 10-15 years time!) Most importantly, cheap oil = cheap fuel - keeping the US economy robust but most importantly slowing the GLOBAL uptake on EV's. This assists the dinosaur US auto manufacturers whilst slowing Chinese auto manufacturing which is heavily geared toward EV production.
https://www.ft.com/content/1c31817e-b5a4-11e8-b3ef-799c8613f4a1
https://qz.com/1376470/china-is-becoming-the-electric-car-market-for-the-world/
Totally agree "US lead the financial world" and by the...
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