It would make the US team of dismantling America very happy, with this results.
October 8, 2010, 5:54 PM HKT
China to Overtake Japan in Global Wealth Rankings?
With China set to overtake Japan as the world’s second largest economy in 2010,
the Chinese consumer could also dethrone Japan in another key category in the
next few years, according to a new report by Credit Suisse.
In its first Global Wealth Report, Credit Suisse predicts that total household
wealth in China could more than double to $35 trillion by 2015 from $16.5
trillion at the moment. China currently is third in terms of the total share of
global wealth after the U.S. and Japan, at $54.6 trillion and $21 trillion
respectively, and is 35% ahead of France, the wealthiest European country.
A decade ago, China stood at seventh place in the global share of wealth. In
the same period, Japan’s wealth only rose by 5%, largely because its adult
population growth grew at a negligible 3% while equities and house prices have
stagnated.
China has the largest proportion of what Credit Suisse calls the ‘middle
segment’, or individuals with $10,000 to $100,000, or 60% of the global total
of 1.05 billion people. This group comprises 23.5% of the global population and
holds 16.5% of total wealth.
Giles Keating, global head of research for Credit Suisse’s private bank, said
that it is this group which will be key in “reshaping the global economy” in
the future, particularly as wealthier consumers in emerging markets shift from
food to discretionary items.
For example, while food made up 34% of Chinese consumption in 2005, that number
is expected to fall to 25% in 2015. Naturally, spending on health care,
recreation and transportation is only going to increase.
“China’s investment rate as a percentage of gross domestic product is still at
around 40%, which allows for very rapid capital accumulation,” said Keating at
a media briefing in Hong Kong.
In contrast, the top 10 countries by level of total household debt are all
developed Western economies, with the exception of Japan which is second after
the U.S. South Korea has the largest total household debt out of Asian emerging
markets at $830 billion, which is 6% of the U.S. level of $13.97 trillion.
– Isabella Steger
who are the US socialist DEMOCRAT party TEAM OF DISMANTLING AMERICA ?
Here is the US Democrat team of Dismantling America
'WE'RE MOVING IN THE RIGHT DIRECTION'
THE BEST BRAINS IN AMERICA from Harvard & Yale Universities team
Sen. Carl Levin was in the middle of taking questions during a visit to a
Michigan cafe on Monday when a Michigan State University senior threw a pie at
him, according to The Big Rapids Pioneer.
The pie successfully hit the chairman of the Senate Armed Services committee.
The US socialist Democrat chairman of the Senate Armed Services committee.or
the Anti US Military establishment.
.SEN : CHARLES SHUMER
Story #5: Chuck-U Schumer's Donors/Enemies List
RUSH: Charles Chuck-U Schumer. He says one thing but does another.
Fed Leads America “To The Brink Of The Fed Can Print More Money, But It Can’t
Print Jobs.
Published: Tuesday, 10 Aug 2010
By: Larry Kudlow
CNBC Anchor
Paul Joseph Watson
Prison Planet.com
Thursday, August 12, 2010
When even the New York Times and CNN are admitting that the United States faces
not only a double-dip recession but potentially a new great depression, any
alarm bells that have not been rung should now be sounding loudly.
THE 111TH US CONGRESS IN TROUBLE:
CORRUPTION ! INCOMPETENCE, ARROGANCE, IGNORANCE AMONG MEMBERS SUCH AS
SENATORS CHRIS DODD, CARL LEVIN, CHARLES SHUMER , BERNIE FRANK ETC.... RESULTED
IN THIS ?
But now we are starting to pay the price.
Lies the Government Told You: Myth, Power, and Deception in American History by
Andrew P. Napolitano (Hardcover - Mar 2, 2010)
Dismantling America: and other controversial essays by Thomas Sowell (Hardcover
- Aug 10, 2010)
Dismantling the Empire: America's Last Best Hope (American Empire Project) by
Chalmers A. Johnson (Hardcover - Aug 17, 2010)
The Fed Can Print More Money, But It Can’t Print Jobs.
Published: Tuesday, 10 Aug 2010
By: Larry Kudlow
CNBC Anchor
The King Island whale stranding: Picture: John Nievaart of Naracoopa Holiday
Cottages.
HELEN KEMPTON
FOR CAMBODIA
Strong Resolution on Cambodia Human Rights Abuses
Feb. 27, 1982 : UN Commission on Human Rights meeting in Geneva adopted a
resolution condemning Vietnam’s occupation of Cambodia as a violation of
Cambodian human rights. The vote was 28 in favor, 8 against, and 5 abstentions.
Oct. 21, 1986 The UN General Assembly adopted a resolution A/RES/41/6, by vote
of 116-21 with 13 abstentions, calling for a withdrawal of Vietnamese forces
from Cambodia.
10 UN RESOLUTIONS,(1979-1988) VOTED BY 116 UN MEMBER COUNTRIES ,CALL VIETNAM TO
CEASE HER OCCUPATION OF CAMBODIA & REMOVE ALL HER TROOPS FROM THE COUNTRY, ARE
NOT RESPECTED AS OF TODAY.
President Reagan's address to the 43d Session of the United Nations General
Assembly in New York, New York,September 26, 1988.
"Mr. Secretary-General, there are new hopes for Cambodia, a nation whose
freedom and independence we seek just as avidly as we sought the freedom and
independence of Afghanistan. We urge the rapid removal of all Vietnamese troops
...."
As of today,Cambodia is still occupied by the Vietnamese troops despite the
call from the US president to Vietnam to cease her occupation of Cambodia since
1988.
Cambodia needs Independence from Vietnam and the Vietnamese invaders.
Vietnam must cease her occupation of Cambodia at once.
BURY
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