AMERICAN ECONOMY

NIKITA NUYTTEN

Introduction

American currency is losing power

The American job crisis

The catfish import

Conclusion

American currency is losing power

World Bank president America needs protection “ responible Globalisation”

Since post-second war strong postion

BUT !! Chinese and European currency

American currency is losing power

Not take for granted its position !

Future? Large deficits Recover without inflationOverhaul financial System

Chinese currency force in financial markets

American currency is losing power G8 G20: Huge potential !

Investments: - Infrastructure- People- Private Businesses

Latin America, Asia and Broader Middle East

“New Normal” for world economy

The American job crisis

Unemployment problem Threat for democracy and peace

Latest figures: 95,000 jobs dropped in September

BUT ! Losing job Healthy Education of children Social stability

The American job crisis

The American job crisis

Problem according JC Juncker: Lack of effective forum

G20 Attempt to a collective solution

Problem: -Too many people -Too many intrests

The American job crisis

The catfish import

Catfish from China and Vietnam flooding US TV commercial

The catfish import

13,000 direct employees and 4 billion dollars in revenues

Two groups: - Catfish Farmers of America

- Catfish Institute

The catfish import

Country of Origin Labels + inspection of all imports

Commercial on CNN and Fox Television Network

BUT ! Warning Industry Journal Seafood Source

Seafood Industry Trade Body Commercials filled with half-thruths and hypocrisy

Conclusion

America Always had a leading position in World’s economy

China and Europe: growing strength

America: Losing on each Level

Nikita Nuytten

Thank you !