I think this would be time because you really need to bring China into the new world order

GS: "I think this would be time because you really need to bring China into the creation of a new world order, a financial world order;
so I think you need a new world order that China has to be part of the process of creating it and they have to buy in. and I think this would be a more stable one where you would have co-ordinated policies."

GS: "Well, certainly a decline in the value of the dollar is necessary in order compensate for the fact that the US economy will remain rather weak, will be a drag on the global economy. China will emerge as the motor replacing the US consumer and, of course, it’s a smaller motor because the Chinese economy is much smaller. So the world economy will have less of a motor, so it will move forward slower than it has in the last 25 years. But China will be the engine driving it forward and the US will be actually a drag that’s being pulled along through a gradual decline in the value of the dollar."

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