....Europe, China, or the US economy fail the effects will be felt worldwide. But things will recover....
I live in EU.
The problem is that ECB is printing money to keep bankrupt countries PIGS+Italy+few more in live.
EU as big biurocracy and big taxation nest is going down, EU leaders are borrowing money at 0% and eating
retirement people founds (in Polen ext).
The problem is that noone is cutting of root of the problem.Biuracacy and bankism, there is NO REAL free market we have rigged price of gold,silver.
Rigged price of homes (low interest rates = high house prices),
In agriculture we farmers are getting extra founds to be less expensive, and in that way they are forced to makes
things that EU goverment want. Milk,food limits every where no free market at all.
IN EU people in charge ar adicted from power they want more Muslims, more taxes, take more and more of ur freedom.
In US looks is going EU road... lets see Obama care...
In China is more capitalism markets that in EU+US
less goverments law in economy
no patents, no stupid safety rules stuff like that no minimal wage
...
and
0 socializm ... China just piss on human rights.
Ach lets be hones socialism is wiping economy