<http://scottystarnes.wordpress.com/author/scottystarnes/> IMF: US Economic Dominance will end in 5 years...China's economy to be Number 1<http://scottystarnes.wordpress.com/?p=19854> *Scotty Starnes <http://scottystarnes.wordpress.com/author/scottystarnes/>*| April 25, 2011 at 1:30 PM | Tags: American economy <http://scottystarnes.wordpress.com/?tag=american-economy>, Chinese economy <http://scottystarnes.wordpress.com/?tag=chinese-economy>, IMF<http://scottystarnes.wordpress.com/?tag=imf>, International Monetary Fund<http://scottystarnes.wordpress.com/?tag=international-monetary-fund>, President Obama <http://scottystarnes.wordpress.com/?tag=president-obama> | Categories: Political Issues <http://scottystarnes.wordpress.com/?cat=35145>| URL: http://wp.me/pvnFC-5ae
Is this that 'fundamental transformation' progressives talked about? Keep borrowing that Chinese money, Mr. President, your goal of bankrupting America is almost complete. BOSTON (MarketWatch<http://www.marketwatch.com/story/imf-bombshell-age-of-america-about-to-end-2011-04-25?link=MW_home_latest_news>) — The International Monetary Fund has just dropped a bombshell, and nobody noticed. *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, D.C., 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, whomever is elected U.S. president next year — Obama? Mitt Romney? Donald Trump? — will be the last to preside over the world’s largest economy.* If Obama is re-elected, America will be a third world country. 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. Continue reading>>> <http://marketwatch/> Add a comment to this post<http://scottystarnes.wordpress.com/?p=19854#respond> <http://feeds.wordpress.com/1.0/gocomments/scottystarnes.wordpress.com/19854/> <http://feeds.wordpress.com/1.0/godelicious/scottystarnes.wordpress.com/19854/> <http://feeds.wordpress.com/1.0/gofacebook/scottystarnes.wordpress.com/19854/> <http://feeds.wordpress.com/1.0/gotwitter/scottystarnes.wordpress.com/19854/> <http://feeds.wordpress.com/1.0/gostumble/scottystarnes.wordpress.com/19854/> <http://feeds.wordpress.com/1.0/godigg/scottystarnes.wordpress.com/19854/> <http://feeds.wordpress.com/1.0/goreddit/scottystarnes.wordpress.com/19854/> [image: WordPress] WordPress.com <http://wordpress.com/> | Thanks for flying with WordPress! Manage Subscriptions<http://subscribe.wordpress.com/?key=5d39acfd19218362d540a3fc3dc3315d&email=baconlard%40gmail.com>| Unsubscribe<http://subscribe.wordpress.com/?key=5d39acfd19218362d540a3fc3dc3315d&email=baconlard%40gmail.com&b=fLuV%7EbkCiN3%2BLeBOcEvIOqNW%26CBjnpe1JC%2FOFKnKAWq%26U-Jmz>| Reach out to your own subscribers with WordPress.com.<http://wordpress.com/signup/?ref=email> *Trouble clicking? Copy and paste this URL into your browser:* http://subscribe.wordpress.com -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more.
