"The US has been living in a fantasy world since the World War Two, but that ride is now coming to an end. If you look at the top ten busiest container sea ports, seven of them are in China, and one or two more are in South Korea and in Singapore. The trade is all happening on the east side of the world. And the western part, if you look at Los Angeles and so on, they really have dropped in trade and they're not significant anymore. So, whatever way you slice the cake, the US is losing its preeminence. And the power has moved to the East."
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