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Thread: IMF bombshell: Age of America nears end

  1. #41
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    Re: IMF bombshell: Age of America nears end

    Oh.

    Well then. The United States should immediately implement auterity measures and stop funding the IMF.

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    Re: IMF bombshell: Age of America nears end

    Quote Originally Posted by Temporal View Post
    The basic thing I garner from this story is that America isn't becoming more poor, China is just becoming more prosperous.

    Good for them.

    Why do we need to surpass China? We already have everything we need and much, much more to the extent that we are dying of obesity. Practicing contentment is a good thing.
    "Less is More" is not a sensible option.

    World leaders that cease to be world leaders look like Europe. Not a pretty sight.

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    Re: IMF bombshell: Age of America nears end

    Quote Originally Posted by PeteEU View Post
    This is a stupid discussion. Of COURSE China will pass the US.. India will too!.. they have 3x+ the amount of people living there for peak sake!
    The correct cliche is "for Pete's sake", a reference to Saint Peter, founder of the Catholic Church...

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    Re: IMF bombshell: Age of America nears end

    Quote Originally Posted by Harry Guerrilla View Post
    It's not because they have 1 billion people though, because if that were the case, both China and India would have surpassed us long ago.
    They've largely maintained the largest populations for centuries.

    But I do agree that economic empires give way to new economic empires.
    It's the natural course of things.
    No. It's preventable. However, as Franklin said, a nation can't be both ignorant and free, and the United States government has decided that ignorance gets the established powers more votes with less effort. Hence the drive towards socialism, a public education system devoid of education, and emotion driven political campaigns. Could you imagine The View intelligent discourse was expected of pundits?

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    Re: IMF bombshell: Age of America nears end

    Quote Originally Posted by PeteEU View Post
    God, now your nationalistic views are blinding you. The main reason that China is passing the US is because it has 1 billion+ people, and you cant get around that fact. If China only had 300 million people, then they would be no where near passing the US. Hence the 1 billion+ people is a KEY factor.
    No.

    China has ALWAYS had more people than the US of A. As has India. Clearly your assertion that bodies create wealth if flat wrong.

    What China has been doing it playing games with currency exchange rates, forcibly depressing wages, and loaning money to an ignorant country too stupid to stop it's spending spree. China's getting loads of money from interest on the US debt.

    When the US defaults on that debt, and it must, China and Japan and others are going to be in a world of hurt. Hopefully the US will still have it's military to defend it's shores. If nothing else, the people in the US haven't been stupid enough to allow the government to steal their guns.

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    Re: IMF bombshell: Age of America nears end

    Quote Originally Posted by Harry Guerrilla View Post
    They have vast natural resources, some of which we don't have or have already exploited.
    The number of people is immaterial.
    More importantly than that...

    ...the United States has vast natural resources which it refuses to exploit. Recently the EPA denied an Artic drilling permit because the stack emissions from one ice breaker would allegedly change the "air quality" of one village 100 km away to something near, but not exceeding, the air quality standards.

    So, the EPA is banning a drilling permit because a town's air quality standards will not exceed the allowed limits.

    Idiocy like this is THE PRECISE REASON the US is falling behind, and it's the ONLY REASON.

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    Re: IMF bombshell: Age of America nears end

    Quote Originally Posted by SE102 View Post
    I don't think china regards itself as dependent on the US.
    Really, how else buys as much of their **** as we do?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: IMF bombshell: Age of America nears end

    Quote Originally Posted by Mayor Snorkum View Post
    More importantly than that...

    ...the United States has vast natural resources which it refuses to exploit. Recently the EPA denied an Artic drilling permit because the stack emissions from one ice breaker would allegedly change the "air quality" of one village 100 km away to something near, but not exceeding, the air quality standards.

    So, the EPA is banning a drilling permit because a town's air quality standards will not exceed the allowed limits.

    Idiocy like this is THE PRECISE REASON the US is falling behind, and it's the ONLY REASON.
    what that guy said. we're not falling behind because others are awesome. we are falling behind because we are stupid.

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    Re: IMF bombshell: Age of America nears end

    Quote Originally Posted by Mayor Snorkum View Post
    No.
    Yes

    China has ALWAYS had more people than the US of A. As has India. Clearly your assertion that bodies create wealth if flat wrong.
    Where did I ever assert that? I stated, that because of the numbers of people in China, that at some point when their economy is growing and people are getting richer, that they then will pass the US as the nr. 1 economy based on total GDP and this will be done at a much lower level of "wealth" per captia than what the average American has. It is simple math. I never said that "bodies create wealth".

    What China has been doing it playing games with currency exchange rates, forcibly depressing wages, and loaning money to an ignorant country too stupid to stop it's spending spree. China's getting loads of money from interest on the US debt.
    Currency rates? HAHAHA.. Even if they let the Yaun float then wages in China would still be much cheaper and would change nothing other than the price of the goods you buy.

    Forcibly depressing wages.. do you mean they have slave camps or something? Having 1 billion people who live on nothing but do have an education kinda helps in depressing wages in it self... no forcing is needed. Having no labour laws and a corrupt system of course helps, but then again who does not have that.. /wave illegal aliens in sweat shops and on farms in the US.

    When the US defaults on that debt, and it must, China and Japan and others are going to be in a world of hurt.
    Oh, and how exactly is the US going to get its cheap goods then? What you dont get, the US hurting or China hurting will hurt the other. You do know most of what the US consumes today is made in whole or in large part in China right? Even your freaking cars cant be made because of lack of supplies from China and Japan. Take Apple Ipad.. how much is made in the US? The software..some of it.. the rest is made in China and Japan and South Korea. Your cars.. yes they are put together in the US, but quite a large part of the stuff inside the cars come from suppliers in... China and Japan. TVs?`The US has not made those since the 1980s.. computers.. everything is made in China/South Korea/Japan but the processor.. almost.. much of the production is being moved there as we speak. The list goes on.. the only thing the US makes it self without outside help is food.

    Hopefully the US will still have it's military to defend it's shores.
    Sure but no spare parts.. since some of them are made by.. CHINA. And good luck funding the military, since you wont have anything to consume and since your whole economy is consumer based, then well.. oh and expect a lot of nakid people since 90%+ of your cloths is made in... CHINA.

    If nothing else, the people in the US haven't been stupid enough to allow the government to steal their guns.
    LOL yea.. paranoid I see.
    PeteEU

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    Re: IMF bombshell: Age of America nears end

    Quote Originally Posted by Temporal View Post
    The basic thing I garner from this story is that America isn't becoming more poor, China is just becoming more prosperous.

    Good for them.

    Why do we need to surpass China? We already have everything we need and much, much more to the extent that we are dying of obesity. Practicing contentment is a good thing.
    How can we say we are not more poor? Look at unemployment and the economy.

    More people rely on government then ever in our history

    Record number in government anti-poverty programs - USATODAY.com

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