The 2020 Crisis and the World Bank's Global Power Shift.

in #steemleo3 months ago

Today after going through the early market action in London, I will look at what former World Bank president James Wolfensohn termed the Big Shift in a 2010-speech to the Stanford Graduate School of Business.

My conclusion for the day is that the Crisis of 2020 is one of the big steps along with the older tool of globalisation in shifting economic and political power from the West to East or from the developed to the developing nations.

Former World Bank President: Big Shift Coming:

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Thanks again for the education, Maneco64. The fiat US Dollar has done better than expected in its 40-year life expectancy. It will be replaced by the next idea. The elite's base will probably be moved to a fresher area having worn out its old base. Good luck everyone. Precious Metals and Cryptos...

Around 2002 I heard the top Government beaureaucrat spoke that the world civilization moved clock wise, Mesopotamia, Rome, Western Europe, America and was moving to China. When China was in Isolation after Tiananmen, Japanese emperor visited Beijing. After that moment on, China's export revived and increased. I think Japan's lost three decades were to help China's Industrialization that was a part of global agenda.

An alternative theory I heard was a cyclical tendency of civilization to move from the east to the west, and back again every 500 years ar so, like a pendulum. It reminds me of the saying "when China awakens, the world will tremble" (Quand la Chine s'éveillera, le monde tremblera, words supposedly spoken by Napoleon). Things seem to be moving that way.

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