IMF bombshell: Age of America nears end

[BlueStateSaint]

But we have to have massive government spending to get us out of this!


IMF bombshell: Age of America nears end
Commentary: China’s economy will surpass the U.S. in 2016

By Brett Arends, MarketWatch

(Note to mods--the article has a video that I have no idea of how to bring over.)

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.

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.



The rest is at:

http://www.marketwatch.com/story/imf-bombshell-age-of-america-about-to-end-2011-04-25?link=MW_home_latest_news

So, it's not unexpected . . . but it's now got a date certain.  I wonder how ol' Spooky Guy (Soros) is going to try to help this happen?

[DumbAss Tanker]

You mean nobody is paying it attention despite the IMF's fantastic and unblemished record of effectiveness and political neutrality???

 

[formerlurker]

You mean nobody is paying it attention despite the IMF's fantastic and unblemished record of effectiveness and political neutrality???

 

H5.  Exactly.

[bitsoys]

And yet the U.S., through entities such as the US Trade & Development Agency, continue to facilitate the long-term modernization of China for the sake of thew short-term benefit of a few US companies.

[FreeBorn]

Have a clue, bitsoys. Read the rules before you post and BTW we do have an introductions thread (hint).

[namvet]

ive also heard 2011. 12 and 13. perhaps the crystal ball is cloudy ????

[true_blood]

I saw this article yesterday and it pissed me off pretty good.
This Country is being run by nothing but anti-American scum. They hate what America stands for and that "evil" word, capitalism.

[namvet]

and the foreign buzzards are circling over head

[true_blood]

and the foreign buzzards are circling over head

Exactly what the imposter in the white mosque is wanting.

[gurn]

You mean nobody is paying it attention despite the IMF's fantastic and unblemished record of effectiveness and political neutrality???

 

Bingo!

It's an anti-American cesspool.