‘Copper Prices are Nothing but a Money Game and World is at War of Global Supremacy and the newly built China-Russia alliance is the blueprint to change the World Order’– announced Mr Simon Hunt, World Renowned Economist and Founder of SHSS (Simon Hunt Strategic Services) at the MCCI Session on ‘Transition to a New World Order’ held today at Chamber Premises.
Two Major pathbreaking world trends – are ‘One- Grouping of countries trying to take over and there is war of financial market and second trend is washing out of Generation of Debt which is USD 186 Trillion Dollars since Global debt cannot outpace Global GDP growth’. Drawing parallels with Roman Supremacy and subsequent downfall with the U.S ., he said ‘USD has decimated like Roman Silver Denarius’. He quoted Ron Paul (American author) saying ‘ ‘We cannot talk about fiscal responsibility while spending trillions on occupying and bullying the rest of the world. We cannot talk about the budget deficit and spiraling domestic spending without looking at the costs of maintaining an American empire of more than 700 military bases in more than 120 foreign countries.’. ‘Rise of strategic world power of China, Development of Infrastructure Development Bank of China, Growth of BRICS as a group ,strengthening of Sino-Russia Alliance which Mr Hunt claimed to be the ‘biggest geopolitical alliance’ which would encompass ‘finance’, ‘banking’ among many other sectors , Stan Chart prediction of China controlling 68% of world trade along with 316% rise of Chinese RMB in world trade settlement by 2020, and predicted decline of petrodollar are indicators of ‘China becoming the epicenter of the world’.
Earlier Shri Arun Kumar Saraf, President, MCCI said the transition towards the new economic equilibrium seems to be imperative.A number of developing countries including Brazil, Russia, India, China, and South Africa along with Indonesia and Turkey, are on a journey to catch up with the developed nations.The rise of India as a partner to China in changing the ‘world order’ owes a lot to the incumbent social, political and primarily economic system.