IMF Says Next U.S. President Will Be The Last
John Rolls Submits: The International Monetary Fund has just dropped a bombshell, and nobody noticed.
Brett Arends, MarketWatch 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.
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
READ MORE http://www.marketoracle.co.uk/Article27760.html
Brett Arends, MarketWatch 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.
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
READ MORE http://www.marketoracle.co.uk/Article27760.html
Comment
-
Comment by truth on May 2, 2011 at 8:02am
-
IMF'rs !!!
-
Comment by Roz L on April 27, 2011 at 11:09am
-
I try to discuss this with the "average" folk and nobody around me believes " this" could or would ever happen... How silly they all will feel when this actually does... Then I bet they will all be in total denial about it... I figure I don't have too much to loose, other then my basic supposed liberties and freedom. Which seems to be diminishing anyhow, every single day!
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
"“Climate change” is the way they hide Agenda 21/30. They fly abroad in fuel sucking…"
" When I get off of my strike I will share this blog...:) but by golly the strike is on...:)"
"Elijah Cummings tweets from Hell
https://imgflip.com/i/3dlkcp
So it's a little irreverent.…"
"Just another racist troublemaker!"
Comment On Crowd At Trump Dallas Rally
"Tom Arnold is a drugged up asshole who grinds his teeth and fantasizes about waxing his…"
Comment On Crowd At Trump Dallas Rally
"Wow. Tom Arnold hates JFK. I guess Roseann wasn't his Guenevere."
© 2019 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network