After exploring the possible ways the West could (continue to) collapse in Part 1, let’s turn our mental gaze towards the East, and see what are the global implications of such a shift in centers of power — if there are any…
However, it will be China who will take the brunt of the damage made to the world’s production facilities, as it was producing a myriad of goods for Europe and for the States to consume and built their products from. Even if the West would enter a decade long depression though, China would still recover after going through its own round of deepest recession in living memory. They would eventually reorganize their economy to fit the needs of the BRICS states, serving them with products instead of Europe and the US. They could do this on the back of a yet to be released common currency of the block (replacing the Dollar in international trade) and based on resources suddenly becoming relatively cheap and abundant, as the West would consume a fraction of what it used to.
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