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    'Rating downgrade - beginning of the end, hyperinflation next'

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    RT News Channel

    RT News Channel

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    With the economic turmoil in the U.S. and the Eurozone sparking volatile market trading, investors are increasingly looking for a safe haven for their money. And it looks like Asia could emerge as the main contender. Many analysts believe that, with the loss of America's triple A credit score and fears of a new wave of recession, China could become the world's strongest economy earlier than expected. Previously, the International Monetary Fund said Beijing could force Washington from its financial throne by 2016. China still holds more U.S. Treasury debt that any other foreign country and has voiced loud criticism of America's handling of its borrowing limit crisis. Martin Hennecke - Associate Director of financial advisory firm Tyce Group - believes the financial power shift might have already happened...