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Posted on 04/25/2011 5:32:43 AM PDT by tcrlaf
The International Monetary Fund has just dropped a bombshell, and nobody noticed.
For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.
And it’s a lot closer than you may think.
According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now.
Put that in your calendar.
It provides a painful context for the budget wrangling taking place in Washington, D.C., right now. It raises enormous questions about what the international security system is going to look like in just a handful of years. And it casts a deepening cloud over both the U.S. dollar and the giant Treasury market, which have been propped up for decades by their privileged status as the liabilities of the world’s hegemonic power.
According to the IMF forecast, whoever is elected U.S. president next year — Obama? Mitt Romney? Donald Trump? — will be the last to preside over the world’s largest economy.
Most people aren’t prepared for this. They aren’t even aware it’s that close. Listen to experts of various stripes and they will tell you this moment is decades away. The most bearish will put the figure in the mid-2020s.
(Excerpt) Read more at marketwatch.com ...
Oh, I agree with you there but we gotta set goals and work hard starting NOW if we're gonna get anywhere, especially with the crowd of pubbies we have to work with.
Seems it is the end of the dollar at least.
Look at Silver. Now over $48.00 in Asian trading overnight. See it in real time.
http://www.oilbull.com/metals-charts/silver/
Thanks Obama.
Not a little irony in that China’s strength is producing junk. US weakness is our obsession to buy said junk.
Someone in this thread took a shot at Boomer’s for being feckless. What generation sold the self-sufficiency and greatness of US manufacturing to places like China?
She is a tax attorney for the fair tax with independents liking her. So she is in poli talk; light years ahead of Palin.
I didn’t say that America would avoid a painful crash.
But I have hope that there will be an America 2.0 built on a firmer foundation (the Constitution is a fine start it just needs to be adhered to re the size and scope of the FedGov, and the relative powers of the States). Who has a better chance than the US to rebuild— we have all the basic building blocks we just need to ensure that we don’t destroy everything else when the dollar collapses.
The end of the “American Age” happened when a significant enough percentage of the population decided it would be neat to vote for “socialists” to transform our government and its institutions and even its laws into weapons for the statists to use against the free and sovereign people of the states.
I do not mourn the end of the “American Age” because it happened long before any of us was born. I look forward to the day we can finally stick a steak in the heart of this tyrannical monster. I have no loyalty to this corruption nor will I pledge allegiance to it. What was good is long gone and all that’s left is toxic to freedom.
For people who want to be free, this doesn’t have to be the end. We ALWAYS have the choice to carve out a home for ourselves and defend it aggressively. We just lack the WILL to do so. At least for now...
Think back about 10 or twenty years ago... What was your “line in the sand”? What did you need to happen before you would fight? Im willing to bet that most of those lines were already crossed. I know mine were... The last one and biggest was when the federal tyranny decided to take over the medical care of this nation and by default proclaim ownership over everyone’s health (meaning.. They finally own YOUR ass).
Oh yeah! Go WEST!
Dig a little deeper......
“It is not out of order to suggest the GOP are complicit.”
That is, quite sadly, correct.
Frist and Hastert realized it was easier to try and create a Democrat-like Org system, with the payoffs, than it was to constantly fight against the Democrats media-supported agenda, and in the end, always losing the media wars.
Just what I was going to say. The only guy with the guts to speak the truth, that China is screwing us, have been for years, and people are bashing Trump? WTF is that? This is EXACTLY why we are getting screwed. We keep electing morons who dilly dally, walk into walls while the Chinos walk all over us. And god help us if China opens its borders, with the immigration policies we got it’ll be finito time for the USA. “Come on innnnn”
There is hope. West said no to running in 2012. He now may be open to VP.
So I am praying West will realize the urgency and run for POTUS.
http://www.freerepublic.com/focus/f-news/2708990/posts
Great tagline!
Welcome to the Dark Ages!
Indeed. At any rate we need immediate decisive action to cut spending, not more finger pointing, shell games and dice-rolling.
Socialism, PC, and NWO trade is very expensive.
It’s simple. You are making a claim; post links to back your claim.
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