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  1. #1
    lewisipso's Avatar
    lewisipso is offline Injustice/Indifference/In God we trust
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    IMF Bombshell: Age of America Nears End

    This column has been updated to include a reaction from the IMF.

    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 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, which was quietly posted on the Fund's website just two weeks ago, 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.

    imf-bombshell-age-america-end-marketwatch: Personal Finance News from Yahoo! Finance
    Do not war for peace. If you must war, war for justice. For without justice there is no peace. -me

    We are who we choose to be.

    R.I.P. Arielle. 08/20/2010-09/16/2012


  2. #2
    BigDawg's Avatar
    BigDawg is offline K-9 Officer
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    Good thing the world will end in 2012 and we wont see this!



    Ive always said that the demise of America will come from with-in.
    "An Unarmed man can only flee from evil, and evil is not overcome by fleeing from it." Jeff Cooper


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