China economy to outpower the US
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Uploaded by RTAmerica on Apr 25, 2011
The IMF predicts that economic dominance by the United States will secede to China in 2016. As the buying power of the US bill falls and Standard & Poors downgrades the American dollar, what explanation can we come up with for the comeuppance of this currency collapse? Max Fraad Wolff of The New School explains the trends that are helping lead to this collapse.
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The US is becoming like or made to become like Russia. Strong military and the industry behind it that will fatten those involved and then on the other side you have a mediocre society just getting by, too stupid to do anything thanks to the propagandist media.
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Interesting. Please disable comments RT.
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fuckyouyama is an idiot neo-con. this chink is there just because he echos their garbage. neo-cons are all zionist jews so they need few non jews to look more inclusive,
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US is history. their last act of desperation is wars and wars. which is ending them soon.
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Look, a country with large populations with large lifestyles can't last long at all because there wouldn't be enough money to go along. Then there is just rich people who control the money, poor people who can't find jobs because someone else will do the exact same work for less and basically anarchy for the economy. The plan is this, stop outsourcing, then put minimum wage to a new low, allow job growth through government and corporations by making minimum wage. Most likely, its too late
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@Ravensteinzh What stopped China, or rather halted their progress was the invention of china. Soon after in Europe, glass was invented, but China was happy with their china, and so medicine and understanding health, products etc. all became much more advanced in Europe because of glass. China only really changed this policy under Chairman Mao...another great human being...60-80 million of his own people...just dead. Your government is doing the same today, only soft kill. Why cancer increasing?
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A global depression just doesn't happen. Where has all our money gone? Goldman Sachs. The countries that have unelected officials (should be called by their prober titles of servants), Italy and Greece, who are these people? Who did they both work for and advise? Goldman Sachs. Who are the biggest investors in China in the last decade? Goldman Sachs. And if you think they won't implement 3rd world dictatorship to the max, out come the airborne ebola virus. 99% dead. All planed!
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Every time us as consumers buy goods on the cheap and don't support our local farmer or butchers, we are guilty in aiding the destruction of the free market and middle class. The NDAA just passed in the US states ANY PERSON CAN BE IMPRISONED/MURDERED WITHOUT EVIDENCE, JUDGE OR JURY IF THE GOVERNMENT FEELS YOU ARE A TERRORIST. The end of the free market and middle class...in steps total chaos from a mass underclass. Then comes the order, out of chaos. Remember Bush stating this...?
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I hope people understand that China are only surpassing the US and other European countries because the globalist have their investments in China, where they have people working 12-hour shifts for less than £5 a day, with deductions if toilet breaks are taken. By the same token, give tax incentives to companies in the West to ship their industry to China. They want to destroy the free market & middle class & make 1st world countries into 3rd world...it's done by design. Look up the Club of Rome.
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China had the strongest economy for 18 continuous centuries (~1,800 years) until the 1800s (century of humiliation, every country has one of those), so China overtaking the US in economy in the future? I am not surprised.
Ravensteinzh 5 months ago 13
@jacobg1777 By any logical economic viewpoint, the more of those you have (demand) the less they cost (price), as they two are negatively correlated. The high prices in Chinese real estate is most likely not correlated at all with the construction of places like New Ordos.
The Chinese never released real reasons why they built these massive cities that no one occupies yet. But thinking about it pratically, it is planning ahead for China's 51% rural population that will one day rapidly urbanize.
Ravensteinzh 3 months ago 2