THE MOUSE THAT ROARS
The tension being promulgated in the Far East at present by North Korea reminds me of a book that was written many years ago THE MOUSE THAT ROARED. North Korea at present obtains about 80% (Eighty Percent) of what it uses from China. Because of this indubitable control I cannot see where the Chinese will allow, a strong, one time ally, to threaten its undoubtedly strong financial dominance world wide.
The Chinese have been pressuring the World Financial Markets for some time about using the Dollar as the means of trade on an international basis and have been wanting to use another currency as the international currency for trade.
I personally believe this is strong hard line negotiations to put pressure on the President of the United States who has come on the scene worldwide in such a short time as a SHOOTING STAR and they are trying to CHECK him. But recent developments today with additional powers granted to the Federal Reserve should resolve the outcome for the President.
Labels: THE MOUSE THAT ROARS