Imagine a United States economy with a finance sector only 25% of its current size. Followed to its logical extreme, the currency exchange agreement announced yesterday between China and Japan is the beginning of the end of U.S. financial services hegemony.
Currency Agreement for Japan and China
By EDWARD WONG and NATASHA SINGER
Published: December 26, 2011
http://www.nytimes.com/2011/12/27/business/global/china-and-japan-in-currency-agreement.html
Inspirations and Aspirations 