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
China THREATENS US Naval Blockade Near Strait Of Hormuz; Bahrain UNDER Iranian Attack | EnforcerNews
This morning, China has begun to threaten U.S. forces about blockading their ships near the Strait of Hormuz as the U.S. Navy’s full scale blockade has forma...
You’ve Heard of Champ, right? This Aint it!
CHAMP, you might be thinking of is a legendary cryptid supposedly existing in the waters of Lake…See More
Truth or Fiction? You Figure it Out
Working for the federal government, specifically, the Pentagon. I was, what you might call a…See More
GOLDSPHINCTER - Donald J Trump is Acrid Goldsphincter (James Bond Music Parody)
In this James Bond parody, Donald J Trump is Acrid Goldsphincter in our version of the classic Bond "Goldfinger" theme song. All voices and singing performed...
How Long does Destabilization Take?
How long does it take to topple a society targeted by the left? What ingredients go into this toxic…See More
"cheeki kea you are spot on. It won't be until the elephant on Wall Street is as high as the…"
"Greetings and welcome to you Gordon it's great to have you join us all here."
© 2026 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network