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American Empire Dying... China Rises
Topic Started: 11 Sep 2014, 08:11 AM (2,269 Views)
Black Panther
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Looks like my prediction of the Anglosphere losing its Premier spot on the Geo Political Pecking order is now being forefilled.

Quote:
 
America Is Very Close To Losing Its Place In The World As #1

Posted Image

The U.S. economy is the largest economy in the world.

However, it wasn’t always the largest.

And it’s unlikely to remain the largest economy for much longer.

The chart above comes to us via Deutsche Bank’s Jim Reid.

“As Alexander, Rome and Britain fell from their positions of absolute global dominance, so too has the US begun to slip,” Reid writes. “America’s global economic dominance has been declining since 1998, well before the Global Financial Crisis. A large part of this decline has actually had little to do with the actions of the US but rather with the unravelling of a century’s long economic anomaly. China has begun to return to the position in the global economy it occupied for millenia before the industrial revolution.”

One look at the chart, and it’s pretty clear that it may not be very long before we start saying the U.S. is number 2.

“Based on current trends China’s economy will overtake America’s in purchasing power terms within the next few years,” Reid continued. “The US is now no longer the world’s sole economic superpower and indeed its share of world output (on a PPP basis) has slipped below the 20% level which we have seen was a useful sign historically of a single dominant economic superpower. In economic terms we already live in a bi- polar world. Between them the US and China today control over a third of world output (on a PPP basis).”

Reid offered this prescient quote from Napoleon Bonaparte: “”Let China sleep, for when she awakes, she will shake the world.”

http://www.businessinsider.com.au/chart-rise-and-fall-of-modern-empires-2014-9

Edited by Black Panther, 11 Sep 2014, 08:19 AM.
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Jimbo
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Black Panther
11 Sep 2014, 08:11 AM
Looks like my prediction of the Anglosphere losing its Premier spot on the Geo Political Pecking order is now being forefilled.

On a GDP or GDP per capita basis, the USA is still in front but China has actually taken the lead already in contribution to world GDP growth.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Count du Monet
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Quote:
 
The U.S. economy is the largest economy in the world.


Economy is not an object, therefore it doesn't have size.

As for common GDP measurement, that is greatly affected by ones status on the world financial markets.

If the AUD fell back to 45 cents overnight would that truly mean the Australia real product also halved overnight?
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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Foxy
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Zero is coming...

Black Panther
11 Sep 2014, 08:11 AM
Looks like my prediction of the Anglosphere losing its Premier spot on the Geo Political Pecking order is now being forefilled.

America is over, it's geographical isolation is a double edged sword.
It is returning to the mean.
Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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goldbug
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It's America's debts and social security liabilities that will wipe them out. You can't be number one if you can't pay your bills.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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lolhaha
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goldbug
11 Sep 2014, 02:46 PM
It's America's debts and social security liabilities that will wipe them out. You can't be number one if you can't pay your bills.
Yeah they might run out of dollars, I hear there's a shortage of them.
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Count du Monet
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goldbug
11 Sep 2014, 02:46 PM
It's America's debts and social security liabilities that will wipe them out. You can't be number one if you can't pay your bills.
I haven't done any research into the question lately.

America makes its money on controlling the world central market place and you have to use their trading stamps. Places like London and certain EU capitals are important too. The EU because it effectively has joined numerous markets into one is a dangerous competitor for the US market. Hong Kong, Singapore, Dubai are other examples of smaller central market places.

Of course it is a giant golden goose for America. But the problem is in taking excessive advantage of it.

To trade you need reserves of greenbacks. The mugs around the world keep 6 trillion worth of US government paper. Because the return on the paper is so miserable and the dollar is devalued by 6.6% pa, this almost money for nothing for the US government. To be fair the interest would have at least be lifted to something like the 6.6% pa the dollar is devalued at.

The question is will the US get so greedy it kills and eats the golden goose rather than let it continue laying eggs.

When people say that the issue with Iraq was switching to the Euro rather than non-existent weapons of mass destruction, I think they are on the money.

Germany was a big number on the world stage prior to the Euro. The German mark used to be 15% of the world reserves prior to the Euro, the Euro is around 30% of the world reserves now.

Another challenge is the Brics ideas of creating a currency exchange.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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Jimbo
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lolhaha
11 Sep 2014, 03:07 PM
Yeah they might run out of dollars, I hear there's a shortage of them.
They won't run out of Dollars. No sovereign nation can go bankrupt by not paying off debts denominated in their own currency.

They can print as much as they like.

It is just that the currency will be worthless.

Oh. and the other matter of nobody wanting to buy your bonds anymore either.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Count du Monet
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Jimbo
11 Sep 2014, 03:14 PM
They won't run out of Dollars. No sovereign nation can go bankrupt by not paying off debts denominated in their own currency.

They can print as much as they like.

It is just that the currency will be worthless.

Oh. and the other matter of nobody wanting to buy your bonds anymore either.
Well that's the limit on printing. The US more or less keeps a common line with the other mainstream floating currencies. Since the Basel agreement participating currencies print about 7% more cash pa, rather than the much higher rates of printing that prevailed before.

I put in down the boiling frog principle. Keep the inflating of the currency down to a level that doesn't cause an over reaction from the bond market.

So no, there are limits because of the customers/victims reaction.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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cokatoo56
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does anyone really believe the USA will just sit and watch other countries getting wealthier while their own population is convincing themselves that living off the grid is actually cool ?
i'm sure they have plans, in washington or wherever they meet. it's made of a bit of ukraine, syria, lybia, iran, free trade agreements with europe, with SEA, with japan etc to make it mandatory for the world to buy their gmo crap... it's a bit messy at the moment, but they surely have a plan to remain the first political/military/economic power.
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