BOSTON (MarketWatch) — 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. CHN强网社区 bbs.chnqiang.com
And it’s a lot closer than you may think.
Up-Side-Down 7 days ago+22 Votes Request sent
This couldn't be much of a surprise to anyone in the manufacturing industry watching their ability to compete dwindle, or for anyone in retail for that matter - seems like almost everything is made in China.
Utah 7 days ago+14 Votes Request sent
It could change - we are actually in the process of bringing all of our plastic product molds back to the US from China
No chance. Not unless Americans are willing to accept the same standard of living as the average Chinese or Indian
bluevoodoo 6 days ago+31 Votes Request sent
Many Americans are much worse off than Indian and Chinese middle class. Americans should stop fooling themselves. All of this only proves American bankers, corporation CEOs, Pentagon top brass, and the politicians who support them do not in fact give a flying f*ck about their own country. Our one hope is to slash defense spending (a trillion dollars a year) and reinvest that money in education, training and whatever incentives companies need to be persuaded (forced) to keep trained workers on the job here.
许多美国人比印度和中国的中产阶层过得还糟糕。美国人应该停止愚弄自己了。所有这些只是证明美国银行家、企业CEO，五角大楼的高层，还有政客，事实上是 支持他们（印度和中国），而不是他妈的尝试为自己的国家服务。我们的一个希望是，大幅度裁减国防开支（一年一万亿美元），然后再把钱投资到教育，培训，还 有用于其它鼓励，需要劝说（强迫）企业培训美国的工人。
VivaLaEvolution 7 days ago+12 Votes Request sent
It's sad; we can't even find "Made in the United States" anymore to buy it. Even if you do manage to find the item you're looking for as "Made in the USA" it most likely is a small portion of it.
The world is a changing!
US driven into Poorhouse by Wall Street & its Gov. puppets –
Nytquil1 4 days ago+2 Votes Request sent
You guys are too gullible i mean come on! This is actually NOT the 1st time the IMF has written America's obituary. China still has alot of ? surrounding its economy like inflation and I highly doubt their govt has the ability to weather a recession. CHN强友之家 home.chnqiang.com
CrazyMarine 4 days ago+3 Votes Request sent
What has actually happened over the past 2 decades is free market capitalism has been converted into corporate mercantilism, profits are still rolling in but jobs are being lost to cheaper labor markets so the middle class here is being destroyed and recreated over there.
A good analogy to understand this is to look at what transpired in Ireland in the 19th century. the crown banned mass manufacturing on the emerald isle to keep jobs and income in Great Britain and as a result the Irish remained destitute and virtually starved to death when the potato crop failed, creating profits but not jobs is a very un-healthy economic system that is speeding our race to the bottom. It,s not text book free ... market capitalism. Less
I remember 30 years ago discussing Japan's rise to the top and a friend telling me they were going to kick our butts. I said possibly, but you wait until the masses start demanding higher wages and benefits and the right to live better than a popper. And it happened, and now you have a country that has debt of 200% of GDP. They are no longer a force. You will see the same thing happen in china. Right now, most of the chinese live on nothing and they to will demand more over time. As that happens and they demand higher compensation, there will no longer be a reason to outsource jobs over there. Another fact that nobody talks about it is that they are communist....and no communist nation has ever been sucessfull over time.
tsar44 3 days ago+1 Vote Request sent
Why should this be a bombshell. The US has been on a decline for years and no one wanted to address it. Life on easy street is over, yet the US is still the greatest country in the world but somehow the melting pot got to a boiling point and has now boiled over. It will take awhile to cool down but the symptoms of downfall were clearly evident. However, the nation of sheep did not have a good shepherd to steer them. We have been slowly dying from within, with self inflicted damage from poor leadership, loose financial policies, lack of self discipline and lack of culture. US will still be a good country but never again a great one. Nations have always died from within. We cannot blame anyone but ourselves. www.chnqiang.com 最好军事战略资讯站
为什么这个是“惊爆”？美国这几年都在衰退，没有人想要为此做点什么。富裕的生活结束了，现在，美国还是世界上最大的国家，但由于某种原因，熔炉达到了沸 点，已经滚沸溢出来了。冷却需要花些时间，但垮台的症状是非常清楚明显的。然而，羊的国家，却没有牧羊人来驾驭。我们已经慢慢地从内部走向灭亡，无能的领 导层的自我破灭，松散的财政政策，缺乏自律，缺乏文化。美国以后还会是个好国家，但不再是一个伟大的国家。国家总是因为内部问题走向毁灭。除了我们自己， 无法谴责任何人。
Dollar Crash soon. Major dollar holders are getting ready to sell, sell, sell. Too bad huh?
investor710 6 days ago0 Votes Request sent
military capable of air strikes only is not really military.
anyway you forgot to thank Greenspan for empowering China with your tax dollars.
And still no import tax on chinese goods ? what kind of competition is that ?
wyneman 6 days ago0 Votes Request sent
Change the year to 1895 and the country to England and we can all say we have heard this song before.
If we dismantled the EPA maybe we could be on top again. China has no problem tapping into its natural resources.
HERCULOS 7 days ago+3 Votes Request sent
The 1/2 century of "Age of America" was built by Pres. TRUMAN & EISENHOWER and destroyed by Pres. Clinton & G W Bush.
EddieLarry 7 days ago0 Votes Request sent
Well who runs the IMF - and will the Chinese listen to them? i doubt it, and I doubt this forcast to be correct. But if the Chinese Red Army were to take over our role in Afganistan and Iraq, I wouldn't half mind.
CrazyMarine 7 days ago+2 Votes Request sent
They came close, they sent a couple small warships to thwart the pirates off the African coast, trouble is they are not going to send ground forces into that mess, they are just not that dumb.
In case China buys us out here is the first chinese lesson:
Repeat after me: Woh she joong gok ren
It means: I am a Chinese person.
跟着我念：Woh she joong gok ren