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Power is Shifting East

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Jackal
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Posts: 1229
Joined: March 4th, 2008, 4:24 am
Location: Hungary

Power is Shifting East

Post by Jackal » June 14th, 2009, 10:22 pm

Here's a fascinating news report which describes how the US is losing power and influence in the world and how the Arab states, Iran, Russia, and China are gaining power. Part 1 compares the decline of the US to the fall of the Ottoman Empire. Part 2 is especially interesting because it talks about how Iran, Russia, and other oil-producing countries have started pricing their oil in Euros and other foreign currencies, which weakens the US dollar.

Part 1:
http://www.youtube.com/watch?v=vAyCa1rt ... re=channel

Part 2:
http://www.youtube.com/watch?v=vVEWxnAC82k




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