Stratfor's Friedman on China, economy and Afghanistan - RT 091202

George Friedman, an American political scientist and founder of the private intelligence corporation Stratfor shared with RT some of his forecasts of how the century will progress.
http://rt.com/Politics/2009-12-02/moscow-decide-iran-friedman.html

Category:

News & Politics

Tags:

• Stratfor
• George
• Friedman
• China
• Afganistan
• economy

[spiritbreakerz]

Yea 14.2trillion economy and also over 10trillion of debt

[mauiwowi]

this guy is idiot

this guy doesn't know what numbers are

mass debt and unemployment, its only a start of GD part 2 here in USA

14.2 T is based on past numbers

[ClarksonsinUSA]

@spiritbreakerz think of like this... A guy makes $50,000 a year,he borrows $150,000 for 30 years.....Would you say he in good or bad shape????? Where do these people go to school???? ;)

[Phead128]

China is going to dominate, obviously because it has 25% of humanity under one roof.

[MEpianist]

Withdrawing from Afghanistan is very difficult because of the signal it would send to the rest of the Islamic world. -- this guy sounds like a neo-con propagandist.

[TheDualEconomist]

@spiritbreakerz With 300 trillion of global assets that can be repatriatized or tax at any given moment.

[energyalt56]

Just one year before he said China household at $80/month?? In 2011, IMF report is $6700 a year or $550 per month,

He should do his homework !!

IMF report China will surpass z U.S in 2016, actually China's GDP already reach $11.2 trillion today, i bet another 1 year, China will surpass U.S 14.7 trillion

China's GDP in 2025 will be $123 trillion, double global GDP combin is expected

[thewiffenpoof]

@redwhitedude China's economy is already almost as large as the US's so already, the person's prediction is starting to fail. In PPP terms (wiki it) it is very close and the IMF (wiki it) and Goldman Sachs (wiki it) all predict China will surpass the US in overall economic size in the next 5-10 years. You can put on blinders and keep telling yourself that because they make such and such now they will never catch up but that is illogical.

[thewiffenpoof]

@redwhitedude Again, you fail to see the crucial point. Because China has people making that much a year now does not follow that they will not eventually catch up to the US in economic size. You see there is a difference between the present and the future. Also, many other factors come in play when evaluating whether some economy will catch up to a larger one. One is population size. Two is rate of growth. Three is potential for growth. your failure to understand that difference is problematic.

[redwhitedude]

@thewiffenpoof He is saying that china is a poor country because most people make either less than $1000 or $2000. Given this current state it doesn't compare to the US. On all this it follows his reasoning.

[thewiffenpoof]

@redwhitedude No, I wasn't talking about that. I was talking about the part where he says China will never overtake the US because millions make only 1000 dollars a year. That doesn't follow. Again, critical thinking.

[redwhitedude]

@thewiffenpoof The guy is hinting that china may be in for a fall. The thing is that he is alluding to the fact that china despite its progress is still poor. The quality of the GDP is not very good. Also for your information $1000 is still not a high enough figure to get people to be consumers. The bench march for a middleclass is $20,000. Lifting people out of poverty is different from people having disposable income which leads to a consumer class which is more solid footing economically.