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China to surpass the US by 2012
#41
jt Wrote:On the bright side, we should just be pulling out of this recession by then.

It will depend on who is the Wacky leader. If it is the Boy Wonder, we will definitely Not be pulling out of it. If it is one of the "Usual Suspects" in the Other Big Government party, anything could be happening.

I'm still rooting for Gary Johnson, but he makes too much sense. I don't expect him to win for just that reason: the Ruling Class in his party will not allow it. They would rather have McDoofuses, Doledrums, and Shrubs running instead. So, my guess is that what's-his-face, from Mass, will be the one running.
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"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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#42
jt Wrote:On the bright side, we should just be pulling out of this recession by then.

Irrational optimism yet again S4
Sanders 2020

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#43
(04-25-2011, 11:01 PM)mv Wrote:
jt Wrote:On the bright side, we should just be pulling out of this recession by then.

Irrational optimism yet again S4

here's a forecast that gives you time until 2016 as the world's second largest economy behind the eu. still time to figure out that economics based on deregulation, tax-cuts for the rich inviting them to invest abroad, and corporate feudalism are moronic indeed, or china will relegate you to third.

http://finance.yahoo.com/banking-budgeti...arketwatch
"You know, Paul, Reagan proved that deficits don't matter." Dick Cheney
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#44
Quote:IMF Bombshell: Age of America Nears End
Women and Children hardest hit. S2
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"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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#45
The Chinese money supply now exceeds the US money supply. Their current path is also unsustainable, and needs a big correction eventually. But this can take a while.
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#46
SNK, I had no idea that we were in a race to the bottom with the Chicoms as far as money supply goes.

Certainly every boom has it's bust, and the Chicoms will have theirs. The pundits have not figured out how this will happen though.
Jefferson: I place economy among the first and important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them, they will be happy.
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#47
He's right too. China has a higher rate of inflation than we do. I just read a couple of articles today about that. Let's see if I can find it.

Oh, I remember, one is an American Enterprise Institute policy Paper: Why China Overheats. It's a Buggerin' mess over there, and something that is under reported by the dinosaur media. Sooner or later the dragon will no longer be able to chase its own tail. And we think we have problems?! They are just propping themselves up more, but like us it's with more cash than they have. And printing money is the last resort, since everything else has already been tried.

Whoever goes first will drag down the other.
___________________________________________________________________________________________________
"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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#48
here's a why china overheats from 2007 http://www.guardian.co.uk/business/2007/aug/26/china, one from 2003 http://www.trilogyadvisors.com/worldreport/200403.pdf, one from 2010 http://finance.boston.com/boston/news/re...nelID=5464, and one from 2006 http://www.atimes.com/atimes/China_Busin...2Cb01.html. would you like to see links with the headline "china's economy overheating" for every year since 1900?
"You know, Paul, Reagan proved that deficits don't matter." Dick Cheney
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