Peer Steinbruck Quotes

The 200 years when Britain and the US were the top two economies were an aberration and that will change. The decline of empires has happened much faster than folks think. I believe that gold will be a far better bet in 20 years than the dollar.

When I look at how the banking world has changed and at the role Chinese banks, for example, play today, Germany, as an export-oriented economy, should be pleased to have a major global player in its camp.

From the end of WWI to today, American economic might would be the decisive factor in the shaping of the world order.

Influence in the globalized world is increasingly determined by economic strength.

A split between the U.S. and its traditional allies, if it becomes a permanent feature of the new global order, would lead to deeper fragmentation among the world's market-oriented democracies. That will surely shift the long-term balance of power in China's favor, as it moves steadily toward becoming the world's largest economy.

Economics runs the world.

Commerce changes the fate and genius of nations.

To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve.

Just six years into the 21st century, one can say this is not shaping up to be anything like an American century. Rather, the U.S. seems much more likely to be faced with a very different kind of future: how to manage its own imperial decline.

The world is now unipolar and contains o-nly o-ne superpower. Canada shares a continent with that superpower.

The U.S. might enjoy overwhelming military advantage, but its relative economic power, which in the long run is almost invariably decisive, is in decline. The interregnum after the Cold War, far from being the prelude to a new American age, was bearing the signs of what is now very visible: the emergence of a multipolar world.

Increasingly, the Chinese will own a lot more of the world because they will be converting their dollar reserves and U.S. government bonds into real assets.

War used to be something you could stand on the nearby hill and watch. Now we have total war; everybody's in it. We have total economics as well. Everything affects everybody. The Malaysian currency shakes, and people around the world are seriously affected.

Well, the U.S., of course, is the world's largest economy. It's about a quarter of the world's output. It's also home to many of the largest financial institutions and financial markets.

What I'm really worried about is war. Will the former rich countries really accept a completely changed world economy, and a shift of power away from where it has been the last 50 to 100 to 150 years, back to Asia?

We're living through the twilight of American economic dominance.

What people recognize is that there's a fear that the United States is in an unstoppable decline. They see the rise of China, the rise of India, the rise of the Soviet Union and our loss militarily going forward.

With the rise of America, the global balance of power shifted away from the old European powers.

Europe will be the most important economic power in the world.

Geo-economics may replace geo-politics as the driving force in international relations.

Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States

It is likely that America will be more important during the next century or two, but after that it may well be the turn of China.

Most of the conversation about how geopolitics is changing in the 21st century focuses on the shift from west to east and on how we're moving from the bipolar power equation of the Cold War to a new bipolar relationship, that of the U.S. and China, that determines the mood music for everyone else.

If China sets the rules for much of the world's economy, America will feel the consequences in our pocketbooks as well as in our security.

I've been through geopolitical and economic cycles.