Amercian economy

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 !