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
- Top News
- Everything
gvIKn.qR4e-small-MAJOR-MEAT-COMPANY-INVESTS
"What, in the late years of their lives, is driving these people to commit such evil crimes against…"
"The sad state of the modern medicine"
Journalism as we know it
By Burbia The direction of journalism has taken is odious. First we have yellow journalism. This…See More
GHOSTS IN THE MACHINE: PSYWAR
The World Is Our Stage...Join Us. Text SORB04 to 462-769 and Go PSYOP today!
A Point in History
A Point in History I'm up at this hour just give me a breakI want to quit but there’s too much at…See More
Klaus Schwab, Transgenderism, and AI | Russian Philosopher Aleksandr Dugin
Aleksandr Dugin is the most famous political philosopher in Russia. His ideas are considered so dangerous the Ukrainian government murdered his daughter and ...
"You're right LP their stories must be heard but they are scattered among numerous websites and…"
Sisterhood
"ah I hear music to my ears. Perhaps she know s o m e t h I n g . Smoking poisonous nightshade…"
© 2024 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network