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The Great Reset short video talks about the fate of Chimerica, the longtime dominant economic power involving two states - the United States
of America and the Peoples Republic of China.
According to this video, once Chimerica dominated the world
economy. This monster economy led the world by spending (US) and
saving strategy (China). The American economy was paying China with
many dollars while China, looking for a good place to store these
dollars, lent these back to US. However, as this course continued, the
US economy bubbled and eventually crashed. This hurt the monster
economy very much and caused the rise of four grim reapers namely:
the rising public debt, increased government intervention, creeping
protectionism and the rise of saving and the decline in spending.
Despite
what
is
on
but
the
global
begin,
means
monstrous
intervention
led
to
vast
accumulation
of
dollar-
Warsaw:
2011.
Accessed
February
12,
URL: http://www.tiger.edu.pl/publikacje/TWPNo122_Piatkowski.pdf
(IwrotethispaperformyEconomics190.1classinUPDiliman)
2013.