[QUOTE="stupid4"]So the Americas is like Australia on the Risk Board?US won't crumble for another century. The world power will always be in the Americas due to location, so some country in the Americas will take the spot.
Locke562
Pretty much
This topic is locked from further discussion.
Are we talking about economic power? Yeah, definitely not China. Lets look at how China is at the moment. Most people are paid low wages and work in terrible conditions with terrible employers. This is the foundation of China's economy. I say its far too unstable, and there isn't as much foreign investment as there could be, because companies cannot be as free there as they can be in the US. Where does this investment come from? Oh right, most of it comes from the US doesnt it? Seems like theres a problem there. Sure some comes from the EU, but the headquarters and main operations are never going to China, that would be terrible for the company and its reputation.
Eventually, its going to be expensive to make things in China if reform is to take place. Now think about what companies are going to do, well they are going to get out and manufacture for cheap labour somewhere else. There goes China's great and vast economic power.
Sure they have their military numbers, but do they have the technology? I highly doubt it.
Don't even start with Russia, suggesting they are going to be number 1 is laughable at best. If anything, it would be the EU.
A U.S Empire? I hope to never see one of those.Artekus
Well then you should know the US empire is the greatest ever seen and only rivaled by the ex-british empire. Influence is just as strong as occupation, if your country cannot live without mine but my country can live without yours.. who is really in power here?
The US Gov't owes nobody but American banks money...[QUOTE="Agent-Zero"][QUOTE="Espada12"]
Not really.. the US takes about 1/5 of chinas exports.. unless the other 4/5 doesn't count I don't think that's economic dependance. Well that's what I last heard on the matter at least.. not to mention the US owes china money :P
Trinners
The US owes China $772 billion :|
Then why would you quote me and argue that point?:?I never said that you made that statement in the first place.
Trinners
Are we talking about economic power? Yeah, definitely not China. Lets look at how China is at the moment. Most people are paid low wages and work in terrible conditions with terrible employers. This is the foundation of China's economy. I say its far too unstable, and there isn't as much foreign investment as there could be, because companies cannot be as free there as they can be in the US. Where does this investment come from? Oh right, most of it comes from the US doesnt it? Seems like theres a problem there. Sure some comes from the EU, but the headquarters and main operations are never going to China, that would be terrible for the company and its reputation.
Eventually, its going to be expensive to make things in China if reform is to take place. Now think about what companies are going to do, well they are going to get out and manufacture for cheap labour somewhere else. There goes China's great and vast economic power.
Sure they have their military numbers, but do they have the technology? I highly doubt it.
Don't even start with Russia, suggesting they are going to be number 1 is laughable at best. If anything, it would be the EU.carrot-cake
Smart man. You are right about everything, except the EU. Part of the reason why the US is so powerful is because we have acess to two major oceans, while Europe only has the Atlantic.
Are we talking about economic power? Yeah, definitely not China. Lets look at how China is at the moment. Most people are paid low wages and work in terrible conditions with terrible employers. This is the foundation of China's economy. I say its far too unstable, and there isn't as much foreign investment as there could be, because companies cannot be as free there as they can be in the US. Where does this investment come from? Oh right, most of it comes from the US doesnt it? Seems like theres a problem there. Sure some comes from the EU, but the headquarters and main operations are never going to China, that would be terrible for the company and its reputation.
Eventually, its going to be expensive to make things in China if reform is to take place. Now think about what companies are going to do, well they are going to get out and manufacture for cheap labour somewhere else. There goes China's great and vast economic power.
Sure they have their military numbers, but do they have the technology? I highly doubt it.
Don't even start with Russia, suggesting they are going to be number 1 is laughable at best. If anything, it would be the EU.carrot-cake
What about china's exports on natural resources? The amount of outsourced labor and manufactured goods? China's economic infrastructure has great influence on other nations such as the US. Not to mention the largest markets are in asia, particularly in china, india and pacific rim nations.
[QUOTE="hamstergeddon"]People saying China are fail, seeing as China is completely economically dependent on the US right now. I'm gonna say India.Espada12
Not really.. the US takes about 1/5 of chinas exports.. unless the other 4/5 doesn't count I don't think that's economic dependance. Well that's what I last heard on the matter at least.. not to mention the US owes china money :P
People always say "Oh, China can call in the debt or just stop making us cheap plastic toys and poor hardware and the US will crumble," but they forget the fact that the US provides the majority of China's food. In fact, the US provides more food for the world than any other country by far. Plus, more dependence on US manufacturing wouldn't be such a bad thing for the country. US made hardware is generally of good quality (US cars are not made in the US. They are made in Mexico. Toyotas and Hondas are in fact made in the US though). I do however think that the US "empire" will eventually crumble one way or another (and by crumble I mean just be more or less the same, but with another country on top). I just don't know what country would really replace it. A lot of China is still rural. Sure, the big population centers are becoming more open and that's a good thing for their economy, but a lot of China is poor and a breeding ground for diseases and tension.Much of China is still very poor.....What about china's exports on natural resources? The amount of outsourced labor and manufactured goods? China's economic infrastructure has great influence on other nations such as the US. Not to mention the largest markets are in asia, particularly in china, india and pacific rim nations.
Trinners
[QUOTE="carrot-cake"]
Are we talking about economic power? Yeah, definitely not China. Lets look at how China is at the moment. Most people are paid low wages and work in terrible conditions with terrible employers. This is the foundation of China's economy. I say its far too unstable, and there isn't as much foreign investment as there could be, because companies cannot be as free there as they can be in the US. Where does this investment come from? Oh right, most of it comes from the US doesnt it? Seems like theres a problem there. Sure some comes from the EU, but the headquarters and main operations are never going to China, that would be terrible for the company and its reputation.
Eventually, its going to be expensive to make things in China if reform is to take place. Now think about what companies are going to do, well they are going to get out and manufacture for cheap labour somewhere else. There goes China's great and vast economic power.
Sure they have their military numbers, but do they have the technology? I highly doubt it.
Don't even start with Russia, suggesting they are going to be number 1 is laughable at best. If anything, it would be the EU.stupid4
Smart man. You are right about everything, except the EU. Part of the reason why the US is so powerful is because we have acess to two major oceans, while Europe only has the Atlantic.
[QUOTE="carrot-cake"]
Are we talking about economic power? Yeah, definitely not China. Lets look at how China is at the moment. Most people are paid low wages and work in terrible conditions with terrible employers. This is the foundation of China's economy. I say its far too unstable, and there isn't as much foreign investment as there could be, because companies cannot be as free there as they can be in the US. Where does this investment come from? Oh right, most of it comes from the US doesnt it? Seems like theres a problem there. Sure some comes from the EU, but the headquarters and main operations are never going to China, that would be terrible for the company and its reputation.
Eventually, its going to be expensive to make things in China if reform is to take place. Now think about what companies are going to do, well they are going to get out and manufacture for cheap labour somewhere else. There goes China's great and vast economic power.
Sure they have their military numbers, but do they have the technology? I highly doubt it.
Don't even start with Russia, suggesting they are going to be number 1 is laughable at best. If anything, it would be the EU.Trinners
What about china's exports on natural resources? The amount of outsourced labor and manufactured goods? China's economic infrastructure has great influence on other nations such as the US. Not to mention the largest markets are in asia, particularly in china, india and pacific rim nations.
It does have great influence on the US, but China needs the US more than the US needs China. The US can get their goods from other places.
Then why would you quote me and argue that point?:?[QUOTE="Trinners"]
I never said that you made that statement in the first place.
LJS9502_basic
I was originally referring to the person above me in my original statement because he made a completely false argument and that your statement was irrelevant even though it was true.
[QUOTE="Espada12"][QUOTE="hamstergeddon"]People saying China are fail, seeing as China is completely economically dependent on the US right now. I'm gonna say India.Saturos3091
Not really.. the US takes about 1/5 of chinas exports.. unless the other 4/5 doesn't count I don't think that's economic dependance. Well that's what I last heard on the matter at least.. not to mention the US owes china money :P
People always say "Oh, China can call in the debt or just stop making us cheap plastic toys and poor hardware and the US will crumble," but they forget the fact that the US provides the majority of China's food. In fact, the US provides more food for the world than any other country by far. Plus, more dependence on US manufacturing wouldn't be such a bad thing for the country. US made hardware is generally of good quality (US cars are not made in the US. They are made in Mexico. Toyotas and Hondas are in fact made in the US though). I do however think that the US "empire" will eventually crumble one way or another (and by crumble I mean just be more or less the same, but with another country on top). I just don't know what country would really replace it. A lot of China is still rural. Sure, the big population centers are becoming more open and that's a good thing for their economy, but a lot of China is poor and a breeding ground for diseases and tension.Look to the Americas for the next world power.
[QUOTE="Espada12"][QUOTE="hamstergeddon"]People saying China are fail, seeing as China is completely economically dependent on the US right now. I'm gonna say India.Saturos3091
Not really.. the US takes about 1/5 of chinas exports.. unless the other 4/5 doesn't count I don't think that's economic dependance. Well that's what I last heard on the matter at least.. not to mention the US owes china money :P
People always say "Oh, China can call in the debt or just stop making us cheap plastic toys and poor hardware and the US will crumble," but they forget the fact that the US provides the majority of China's food. In fact, the US provides more food for the world than any other country by far. Plus, more dependence on US manufacturing wouldn't be such a bad thing for the country. US made hardware is generally of good quality (US cars are not made in the US. They are made in Mexico. Toyotas and Hondas are in fact made in the US though). I do however think that the US "empire" will eventually crumble one way or another (and by crumble I mean just be more or less the same, but with another country on top). I just don't know what country would really replace it. A lot of China is still rural. Sure, the big population centers are becoming more open and that's a good thing for their economy, but a lot of China is poor and a breeding ground for diseases and tension.Are you sure? As you said china is still very rural and has tons of argicultural communities, but they do have the biggest population in the world, but why .. considering thier food would they import food from the US instead of the surrounding countries?
[QUOTE="Trinners"]
[QUOTE="carrot-cake"]
Are we talking about economic power? Yeah, definitely not China. Lets look at how China is at the moment. Most people are paid low wages and work in terrible conditions with terrible employers. This is the foundation of China's economy. I say its far too unstable, and there isn't as much foreign investment as there could be, because companies cannot be as free there as they can be in the US. Where does this investment come from? Oh right, most of it comes from the US doesnt it? Seems like theres a problem there. Sure some comes from the EU, but the headquarters and main operations are never going to China, that would be terrible for the company and its reputation.
Eventually, its going to be expensive to make things in China if reform is to take place. Now think about what companies are going to do, well they are going to get out and manufacture for cheap labour somewhere else. There goes China's great and vast economic power.
Sure they have their military numbers, but do they have the technology? I highly doubt it.
Don't even start with Russia, suggesting they are going to be number 1 is laughable at best. If anything, it would be the EU.stupid4
What about china's exports on natural resources? The amount of outsourced labor and manufactured goods? China's economic infrastructure has great influence on other nations such as the US. Not to mention the largest markets are in asia, particularly in china, india and pacific rim nations.
It does have great influence on the US, but China needs the US more than the US needs China. The US can get their goods from other places.
So can china, in fact their economy and infrastructure is vertically integrated meaning they can for the most part support themselves by using their own means and resources. The US, not so much.
[QUOTE="carrot-cake"]
Are we talking about economic power? Yeah, definitely not China. Lets look at how China is at the moment. Most people are paid low wages and work in terrible conditions with terrible employers. This is the foundation of China's economy. I say its far too unstable, and there isn't as much foreign investment as there could be, because companies cannot be as free there as they can be in the US. Where does this investment come from? Oh right, most of it comes from the US doesnt it? Seems like theres a problem there. Sure some comes from the EU, but the headquarters and main operations are never going to China, that would be terrible for the company and its reputation.
Eventually, its going to be expensive to make things in China if reform is to take place. Now think about what companies are going to do, well they are going to get out and manufacture for cheap labour somewhere else. There goes China's great and vast economic power.
Sure they have their military numbers, but do they have the technology? I highly doubt it.
Don't even start with Russia, suggesting they are going to be number 1 is laughable at best. If anything, it would be the EU.Trinners
What about china's exports on natural resources? The amount of outsourced labor and manufactured goods? China's economic infrastructure has great influence on other nations such as the US. Not to mention the largest markets are in asia, particularly in china, india and pacific rim nations.
Sure the US could. Americans would just have to pay more for some items. That's not a big deal though.....how is China able to survive without the money from other countries coming in for their manufactored goods?
So can china, in fact their economy and infrastructure is vertically integrated meaning they can for the most part support themselves by using their own means and resources. The US, not so much.
Trinners
Sure the US could. Americans would just have to pay more for some items. That's not a big deal though.....how is China able to survive without the money from other countries coming in for their manufactored goods?[QUOTE="Trinners"]
So can china, in fact their economy and infrastructure is vertically integrated meaning they can for the most part support themselves by using their own means and resources. The US, not so much.
LJS9502_basic
I assume they can change laws as they see fit to keep thier country in order. It's much easier for them to do that than countries such as the US.
Sure the US could. Americans would just have to pay more for some items. That's not a big deal though.....how is China able to survive without the money from other countries coming in for their manufactored goods?[QUOTE="LJS9502_basic"]
[QUOTE="Trinners"]
So can china, in fact their economy and infrastructure is vertically integrated meaning they can for the most part support themselves by using their own means and resources. The US, not so much.
Espada12
I assume they can change laws as they see fit to keep thier country in order. It's much easier for them to do that than countries such as the US.
It's an economic not legal issue. I'm not sure what you think here....[QUOTE="Trinners"]
[QUOTE="carrot-cake"]
Are we talking about economic power? Yeah, definitely not China. Lets look at how China is at the moment. Most people are paid low wages and work in terrible conditions with terrible employers. This is the foundation of China's economy. I say its far too unstable, and there isn't as much foreign investment as there could be, because companies cannot be as free there as they can be in the US. Where does this investment come from? Oh right, most of it comes from the US doesnt it? Seems like theres a problem there. Sure some comes from the EU, but the headquarters and main operations are never going to China, that would be terrible for the company and its reputation.
Eventually, its going to be expensive to make things in China if reform is to take place. Now think about what companies are going to do, well they are going to get out and manufacture for cheap labour somewhere else. There goes China's great and vast economic power.
Sure they have their military numbers, but do they have the technology? I highly doubt it.
Don't even start with Russia, suggesting they are going to be number 1 is laughable at best. If anything, it would be the EU.carrot-cake
What about china's exports on natural resources? The amount of outsourced labor and manufactured goods? China's economic infrastructure has great influence on other nations such as the US. Not to mention the largest markets are in asia, particularly in china, india and pacific rim nations.
Of course the boom in the manufacturing sector will bust as all economic booms do. China now is focusing on investment and banking and due to china's economic growth, the population now has more money. The chinese population likes to save and invest instead of consuming goods and as you can see, china's banking sector is experiecing a rapid growth. The banks will be supported by the wealth coming from the manufacturing sector and whatever is left of it when it eventually crashes. This allows to build deposits that help finance credit growth and foreign investment. In the future, China's economy will be perfectly fine and will influence other nation's economy through banking rather than manufactured goods.
People always say "Oh, China can call in the debt or just stop making us cheap plastic toys and poor hardware and the US will crumble," but they forget the fact that the US provides the majority of China's food. In fact, the US provides more food for the world than any other country by far. Plus, more dependence on US manufacturing wouldn't be such a bad thing for the country. US made hardware is generally of good quality (US cars are not made in the US. They are made in Mexico. Toyotas and Hondas are in fact made in the US though). I do however think that the US "empire" will eventually crumble one way or another (and by crumble I mean just be more or less the same, but with another country on top). I just don't know what country would really replace it. A lot of China is still rural. Sure, the big population centers are becoming more open and that's a good thing for their economy, but a lot of China is poor and a breeding ground for diseases and tension.[QUOTE="Saturos3091"][QUOTE="Espada12"]
Not really.. the US takes about 1/5 of chinas exports.. unless the other 4/5 doesn't count I don't think that's economic dependance. Well that's what I last heard on the matter at least.. not to mention the US owes china money :P
Espada12
Are you sure? As you said china is still very rural and has tons of argicultural communities, but they do have the biggest population in the world, but why .. considering thier food would they import food from the US instead of the surrounding countries?
China's agricultural committees aren't very good. The climate is to blame. Low-lying wetlands that often get flooded, killing off the crops and redistributing natural fertilizers often causes many of their crops to fail. A lot of western China is a desert as well, making crops difficult to grow. It's also why watermelon is such a popular fruit in China (they have watermelon soda too :P). It's a very easy crop to grow. The surrounding countries have the same issue for the most part. India needs all the food it can get as well with such a large population. Russia doesn't export lots of food, and I'm sure China does get some food from Japan. The three largest food exporters are the EU (not one country, but as a whole), the US, and Canada.Good question. Probably the Enclave... because, well, they'll be in control of the US then if the US fails. ;)Stevo_the_gamer
:lol:
I'm going to have to agree with Stevo on this one.
[QUOTE="Stevo_the_gamer"]Good question. Probably the Enclave... because, well, they'll be in control of the US then if the US fails. ;)chessmaster1989
:lol:
I'm going to have to agree with Stevo on this one.
lol. Wow! What's that, three times in a row? :o I need to come to OT more often and start some ultra-right-wing topics. :P[QUOTE="chessmaster1989"][QUOTE="Stevo_the_gamer"]Good question. Probably the Enclave... because, well, they'll be in control of the US then if the US fails. ;)Stevo_the_gamer
:lol:
I'm going to have to agree with Stevo on this one.
lol. Wow! What's that, three times in a row? :o I need to come to OT more often and start some ultra-right-wing topics. :PNooo don't I'm liking this trend.
Next thing you know it, you'll get careless, and... BOOM! you're a liberal! :D
Mwhahahahahahahahahhahahahahahahahahaha :twisted:
[QUOTE="Trinners"]
[QUOTE="carrot-cake"]
Are we talking about economic power? Yeah, definitely not China. Lets look at how China is at the moment. Most people are paid low wages and work in terrible conditions with terrible employers. This is the foundation of China's economy. I say its far too unstable, and there isn't as much foreign investment as there could be, because companies cannot be as free there as they can be in the US. Where does this investment come from? Oh right, most of it comes from the US doesnt it? Seems like theres a problem there. Sure some comes from the EU, but the headquarters and main operations are never going to China, that would be terrible for the company and its reputation.
Eventually, its going to be expensive to make things in China if reform is to take place. Now think about what companies are going to do, well they are going to get out and manufacture for cheap labour somewhere else. There goes China's great and vast economic power.
Sure they have their military numbers, but do they have the technology? I highly doubt it.
Don't even start with Russia, suggesting they are going to be number 1 is laughable at best. If anything, it would be the EU.stupid4
What about china's exports on natural resources? The amount of outsourced labor and manufactured goods? China's economic infrastructure has great influence on other nations such as the US. Not to mention the largest markets are in asia, particularly in china, india and pacific rim nations.
It does have great influence on the US, but China needs the US more than the US needs China. The US can get their goods from other places.
And the Chinese could sell their goods to other places, see what I did thar? Seriously though, saying they need us more than we need them is ridiculous, as China is the largest holder of U.S. Treasury Bonds. If they sold those T Bills it would cause a run on the USD, thereby destroying the United States' currency/purchasing power, and causing hyperinflation greater than what even the Weimar Republic suffered during the GD. We are in the same (although worse) position Great Britain was in the 1930's. The difference is that we were China back thenand Britain pretty much owed their debt only to us.We right now owe ludicrous amounts of money to Japan, China,the Oil Exporters(pretty much OPEC) and Russia. If China was to due that though, they would lose their biggest customer. We both need each other but China is in a better position being the debt holder, having a monetary surplus , and having a fantastic manufacturing base.
[QUOTE="Unknown_Hero3"]
Psssh US will never crumble..:D
The faster Obamas out the betta
Nkemjo
Hmm you think obama started this whole disaster? How has Obama made it any worse? Nice claim you have there.
How has he made it worse? If you need someone to point it, well, then yea. Obama is a joke to past presidents.[QUOTE="stupid4"]
[QUOTE="Trinners"]
What about china's exports on natural resources? The amount of outsourced labor and manufactured goods? China's economic infrastructure has great influence on other nations such as the US. Not to mention the largest markets are in asia, particularly in china, india and pacific rim nations.
On3ShotOneKill
It does have great influence on the US, but China needs the US more than the US needs China. The US can get their goods from other places.
And the Chinese could sell their goods to other places, see what I did thar? Seriously though, saying they need us more than we need them is ridiculous, as China is the largest holder of U.S. Treasury Bonds. If they sold those T Bills it would cause a run on the USD, thereby destroying the United States' currency/purchasing power, and causing hyperinflation greater than what even the Weimar Republic suffered during the GD. We are in the same (although worse) position Great Britain was in the 1930's. The difference is that we were China back thenand Britain pretty much owed their debt only to us.We right now owe ludicrous amounts of money to Japan, China,the Oil Exporters(pretty much OPEC) and Russia. If China was to due that though, they would lose their biggest customer. We both need each other but China is in a better position being the debt holder, having a monetary surplus , and having a fantastic manufacturing base.
The dollar collapsing uhh no. Do you know why the USA can have such a large trade defecit and public debt? Because the Dollar is the International Reserve Currency and we issue our own debt in it. The dollar is very important currency economically in the world. When buisnesses around the world make deals, they do it in the dollars. When people buy and sellcommodities (oil, gold, silver, aluminum,etc) they do it in the dollar. Do you ever wonder why a stronger dollar means a higher living rate for other countries? Becausecommodities are priced in the dollar. The only currency that will/can surpasse the dollar is the Euro.Yes, the dollar will decline over the years but it wont collapse of it, no. Your an idiot if you think we will have hyper inflation, if we are to hit inflation we raise intrest rates but right now we dont want to because we need to banks to have a clean balance sheet. China will not sell their US debt, in fact they are still buying it. And China cant just toss out the US consumer and sell goods to other countries so easily. The US consumer is the most important consumer in the world its one of the reasons "when the USA sneezes the rest of the world catches the cold". Theres also a huge bubble growing in China. What is it? Its in their stock market. When their companies want to go public they put out an IPO or initial public offering of stock. When they offer IPOs, people (mostly foriegn investors) buy up way more than the IPO offerers expected. EX: Some company (real just not sure of the name) put out an IPO trying to get $250 million in captial. They got billions of dollars. Why do people do this? Because people are doing doing this because of expected growth in China who has a higher GDP growth per year rate than us.And Soviet Union #2 FTW!
Once 'they' finally allow the market to crash and burn, as it should've a while back, it is my opinion that Asia, and perhaps in particular, China will be the next super power to come across the face of the earth.
That's IF they survive our crash. If I understand correctly, China has purchased a lot of our debt and holds a lot of our assets, but that recently stopped as the dollar continues to plummet in its nose dive. China however has been supressing their currency, so when the dollarcrashes and takes the rest of the world with it, China can take their hands off of their currency and let it skyrocket in value, much as the dollar once was.
Once 'they' finally allow the market to crash and burn, as it should've a while back, it is my opinion that Asia, and perhaps in particular, China will be the next super power to come across the face of the earth.
That's IF they survive our crash. If I understand correctly, China has purchased a lot of our debt and holds a lot of our assets, but that recently stopped as the dollar continues to plummet in its nose dive. China however has been supressing their currency, so when the dollarcrashes and takes the rest of the world with it, China can take their hands off of their currency and let it skyrocket in value, much as the dollar once was.
_R34LiTY_
That's what I understand, as well, with regard to the US government's debts. Once China (and other countries, but primarily China) begins asking our government to pay up, things are going to get interesting. And by interesting, I mean that the US dollar is probably going to become worthless. I'll leave it to readers to imagine what will happen to and in the US if the US dollar becomes worthless.
It may not even be China, it could be the UN altogether.
After all, they have or are forcing every nation to make their currency exchangable for SDRs. American dollars already are, Euros are, Frank etc are all exchangable for these Drawing Rights that is being issued by the IMF and World Bank into the world market. SDRs are the current world reserve currency, no longer the American Dollar.
I may be mistaken about all that
The stock market bottomed out in March of this year at 6500. And since you didnt know, China is actually growing in the global rescission and is predicted to come out of the rescission first. And China is still buying our debt they are just buying the 5 and ten year bonds and not the 30 year ones. The dollar will not collapse. Why do people think this? Its the International Reserve Currency, 60% of all the currency stockpiles in the world are the dollar. The dollar is a very important currency economically and globally. Commoditites (oil, gold, silver, etc) are all bought and sold around the world in USD (US Dollar). When businesses talk money, they do it in USD. The dollar wont collapse. China like many countries have locked their currency with the dollar which is why many currencies and the dollar dont flutuate too much. I know the dollar has gone down against other currencies but one of the reasons is because of this: because we are in a global rescission, countries have bought huge amounts of the dollar for protection, they have started to sell it because of the coming recovery. The dollar will decline in the years to come ine the future but it wont collapse.Once 'they' finally allow the market to crash and burn, as it should've a while back, it is my opinion that Asia, and perhaps in particular, China will be the next super power to come across the face of the earth.
That's IF they survive our crash. If I understand correctly, China has purchased a lot of our debt and holds a lot of our assets, but that recently stopped as the dollar continues to plummet in its nose dive. China however has been supressing their currency, so when the dollarcrashes and takes the rest of the world with it, China can take their hands off of their currency and let it skyrocket in value, much as the dollar once was.
_R34LiTY_
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