The CIA has established a special unit to investigate economic and financial threats to the United States’ security. The unit sends President Obama daily briefings with an assessment of the economic risks. In March the Department of Defense already organized an economic war simulation. The Pentagon invited hedgefund managers, bankers and economic scholars to assess different scenario’s that might shift the balance of power in the world. Quelle surprise… China turned out to be the smartest economic warrior. Perhaps China’s decision to accumulate over two trillion dollar in foreign currency reserves wasn’t such a blunder after all.
Mees Blog

