The big nightmare of the US

March 23, 2010

A horror scenario is growing in the US: America develops into a loser nations – being overtaken by China in respect of the economy, the military and space travel. This is a much-discussed topic in the US - in addition to the health care reform.

A new superpower has entered the stage. It is the largest creditor of the US.

China is the world’s largest export nation and about to take over from Japan the position as the second largest economy in the world. China has the world’s largest currency reserves. But it is also a superpower that is facing problems. And the US and China have a deep mistrust of each other.                  

By Samuel Rachlin. Cameraman/editor: Thomas Idorn Hass.


Bio: Samuel Rachlin

Born on 12 January 1947 in Pokrovsk, the Soviet Union. Danish journalist. Lives in Washington. For many years Samuel Rachlin worked for the Danish TV station TV2 and was the first news anchor of the station.

Later on Rachlin became TV2’s news correspondent in Moscow and Washington. In the 1990s, he worked for the World Bank in Washington.  He now works as a financial reporter on the news programme ‘Nyhederne’ (TV2). Moreover, he has worked as a communications manager for SAXO Bank. In 1999, Rachlin produced a much-praised TV film on his family’s 16-year deportation to Siberia.

On, Rachlin comments and reports on financial issues in the US.