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
Rebuilding Khazaria
" You could be right Burbia. Not Khazaria either because according to Themselves- DNA wise its…"
meanwhile in africa
" Lesson of the day must be Don't poke the bear or it will poke you. ( I'm sure we…"
Woke Google ad Has Three Women Playing Basketball in Burkas
Website: https://saltmustflow.comOTHER PLATFORMS:Rumble: https://rumble.com/c/SaltyCrackerLocals: https://saltycracker.locals.com/Twitter/X: https://twitter...
Shadows Across the Land
Shadows Across the Land Watching the storm coming over the horizon somedayWondering when reality…See More
Geoengineering Watch Global Alert News, May 4, 2024, # 456 ( Dane Wigington )
https://www.GeoengineeringWatch.orgTo support Geoengineering Watch: http://www.geoengineeringwatch.org/support/Contact us: Dane Wigington, P.O. Box 9, Bella ...
Deliverance - Prince
From the unreleased EP "Deliverance", which was assembled by a sound designer who intended for its posthumous release on the one-year anniversary of Prince's...
He’s EXPOSING how the West brought war to Ukraine, and they don’t like it | Redacted News
✅Videos we recommend: https://www.youtube.com/playlist?list=PLZdhTWJ6YawrVRcYeuCmiK6BLnkSprAtpAuthor Benjamin Abelow sits down with Clayton Morris to discuss...
"Two weeks ago, West Tennessee, Arkansas, Oklahoma and all points South were used as a Staging…"
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"
© 2024 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network