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IMF bombshell: Age of America nears end(China’s economy will surpass the U.S. in 2016)
#132974
04/27/11 08:00 AM
04/27/11 08:00 AM
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OP
Active Member 2019
Died February 12, 2019
2500+ Member
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Joined: Dec 2008
Posts: 2,536
Canada
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IMF bombshell: Age of America nears end Commentary: China’s economy will surpass the U.S. in 2016 link By Brett Arends, MarketWatch "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 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.
According to the IMF forecast, which was quietly posted on the Fund’s website just two weeks ago, whoever is elected U.S. president next year — Obama? Mitt Romney? Donald Trump? — will be the last to preside over the world’s largest economy.
Most people aren’t prepared for this. They aren’t even aware it’s that close. Listen to experts of various stripes, and they will tell you this moment is decades away. The most bearish will put the figure in the mid-2020s.
But they’re miscounting. They’re only comparing the gross domestic products of the two countries using current exchange rates.
That’s a largely meaningless comparison in real terms. Exchange rates change quickly. And China’s exchange rates are phony. China artificially undervalues its currency, the renminbi, through massive intervention in the markets.
The comparison that really matters
In addition to comparing the two countries based on exchange rates, the IMF analysis also looked to the true, real-terms picture of the economies using “purchasing power parities.” That compares what people earn and spend in real terms in their domestic economies.
Under PPP, the Chinese economy will expand from $11.2 trillion this year to $19 trillion in 2016. Meanwhile the size of the U.S. economy will rise from $15.2 trillion to $18.8 trillion. That would take America’s share of the world output down to 17.7%, the lowest in modern times. China’s would reach 18%, and rising.
Just 10 years ago, the U.S. economy was three times the size of China’s.
Naturally, all forecasts are fallible. Time and chance happen to them all. The actual date when China surpasses the U.S. might come even earlier than the IMF predicts, or somewhat later. If the great Chinese juggernaut blows a tire, as a growing number fear it might, it could even delay things by several years. But the outcome is scarcely in doubt.
This is more than a statistical story. It is the end of the Age of America. As a bond strategist in Europe told me two weeks ago, “We are witnessing the end of America’s economic hegemony.”
We have lived in a world dominated by the U.S. for so long that there is no longer anyone alive who remembers anything else. America overtook Great Britain as the world’s leading economic power in the 1890s and never looked back.
And both those countries live under very similar rules of constitutional government, respect for civil liberties and the rights of property. China has none of those. The Age of China will feel very different." Could it be that Mystery Babylon the Great is falling? What do you think this means?
Blessings
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Re: IMF bombshell: Age of America nears end(China’s economy will surpass the U.S. in 2016)
[Re: Elle]
#132976
04/27/11 11:42 AM
04/27/11 11:42 AM
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Group: Admin Team
3000+ Member
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Joined: Jan 2008
Posts: 3,114
Florida, USA
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IMF bombshell: Age of America nears end Commentary: China’s economy will surpass the U.S. in 2016 link By Brett Arends, MarketWatch "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 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.
According to the IMF forecast, which was quietly posted on the Fund’s website just two weeks ago, whoever is elected U.S. president next year — Obama? Mitt Romney? Donald Trump? — will be the last to preside over the world’s largest economy.
Most people aren’t prepared for this. They aren’t even aware it’s that close. Listen to experts of various stripes, and they will tell you this moment is decades away. The most bearish will put the figure in the mid-2020s.
But they’re miscounting. They’re only comparing the gross domestic products of the two countries using current exchange rates.
That’s a largely meaningless comparison in real terms. Exchange rates change quickly. And China’s exchange rates are phony. China artificially undervalues its currency, the renminbi, through massive intervention in the markets.
The comparison that really matters
In addition to comparing the two countries based on exchange rates, the IMF analysis also looked to the true, real-terms picture of the economies using “purchasing power parities.” That compares what people earn and spend in real terms in their domestic economies.
Under PPP, the Chinese economy will expand from $11.2 trillion this year to $19 trillion in 2016. Meanwhile the size of the U.S. economy will rise from $15.2 trillion to $18.8 trillion. That would take America’s share of the world output down to 17.7%, the lowest in modern times. China’s would reach 18%, and rising.
Just 10 years ago, the U.S. economy was three times the size of China’s.
Naturally, all forecasts are fallible. Time and chance happen to them all. The actual date when China surpasses the U.S. might come even earlier than the IMF predicts, or somewhat later. If the great Chinese juggernaut blows a tire, as a growing number fear it might, it could even delay things by several years. But the outcome is scarcely in doubt.
This is more than a statistical story. It is the end of the Age of America. As a bond strategist in Europe told me two weeks ago, “We are witnessing the end of America’s economic hegemony.”
We have lived in a world dominated by the U.S. for so long that there is no longer anyone alive who remembers anything else. America overtook Great Britain as the world’s leading economic power in the 1890s and never looked back.
And both those countries live under very similar rules of constitutional government, respect for civil liberties and the rights of property. China has none of those. The Age of China will feel very different." Could it be that Mystery Babylon the Great is falling? What do you think this means? The whole world depends on Americas economy which drives all others including China and fears its force of arms, which are unsurpassed, so it may take some time before that happens.
Last edited by Rick H; 04/27/11 02:17 PM.
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Re: IMF bombshell: Age of America nears end(China’s economy will surpass the U.S. in 2016)
[Re: Rick H]
#133077
04/30/11 02:03 PM
04/30/11 02:03 PM
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OP
Active Member 2019
Died February 12, 2019
2500+ Member
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Joined: Dec 2008
Posts: 2,536
Canada
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Hi Rick, Tx for your reply. The whole world depends on Americas economy which drives all others including China and fears its force of arms, which are unsurpassed, so it may take some time before that happens. Well, it may or it may be sooner than expected if more natural disasters happen like what recently happened to Japan. This is going to affect the US economy big time for Japan will need to cash in all their stocks invested in the US to rebuild their country. This will further plunge the US economy, and China's economy will further increase. Therefore the forecast of China surpassing the US in 2016 will be closer with just that incident. Money is what makes the world go around and if the US economy loses its dominance, then it will lose its force of arms too. There is much more population in China than the USA, and China will be able to equip themselves with weapons also. I think this is a major world event. I have personally been affected by the US economy going down for over 10 years; however, I always assumed that the US will always remain the strongest in the world thinking that all the other countries’ economy will share the same US’s downfall. But I didn’t know that China’s economy has been growing steadily. To me, knowing that many develop countries relies on China’s manufacturing skills to supply them with goods, it doesn’t appear that China’s past continual growth is going to stop. I know the cost of production in China has just increase because of fuel cost and maybe it will become not as cost effective to deal with China for many companies with the rise in prices. So eventually the countries will have to start producing their own goods which in turn will help their own economy on the long run. However, it cost lots of money to set up a business. So it’s not going to be a fast shift nor be an option for many businesses that are already in debts. So I’m more lenient to believe this projection of China’s economy surpassing the US as a reality, and I wouldn’t surprise me that it will be sooner than 2016. This will have a major world impact. So I was looking for Bible prophecies, which would warn us of this event? To my knowledge there is no King of the East(China) versus King of the West(USA) prophecies. So all I could think is that the way the world has been functioning (money system) by which the US is the main driver might be in many ways MYSTERY BABYLON? Rev 18. I’m not saying that the US is Mystery Babylon but this whole money racket how it is organized presently and ws dominating the world. And possibly this, Mystery Babylon, is falling right before our eyes. Could it be what we are witnessing?
Blessings
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Re: IMF bombshell: Age of America nears end(China’s economy will surpass the U.S. in 2016)
[Re: Elle]
#133502
05/16/11 08:11 PM
05/16/11 08:11 PM
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Also, could we end up with a one world currency before this happens?
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Re: IMF bombshell: Age of America nears end(China’s economy will surpass the U.S. in 2016)
[Re: Daryl]
#133516
05/17/11 08:03 AM
05/17/11 08:03 AM
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OP
Active Member 2019
Died February 12, 2019
2500+ Member
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Joined: Dec 2008
Posts: 2,536
Canada
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Also, could we end up with a one world currency before this happens? Hi Daryl, I know this is what we have all been expecting, but a one world currency isn't it highly dependable on a healthy Mystery Babylon empire? So these significant worldly event kind of makes me wonder if our expectation/interpretation is wrong. If Mystery Babylon is this current worldly Bank System/political powers/Secret Societies mesh up together governing body that has been largely manipulating worldly events for some times now; and if they are losing grip of the economy by an unforeseen hand(God) that they cannot recover regardless of all their attempts; Therefore what is happening right now could be the falling of Mystery Babylon right before our eyes as related in Rev 18. China depends on a healthy Mystery Babylon also. So if Mystery Babylon falls then “the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more”. Rev 18:11 Here's another recent blow to Mystery Babylon with the head of the IMF(International Monetary Fund ) : http://www.huffingtonpost.com/2011/05/16/dominique-strausskahn-fac_n_862340.html?icid=main%7Chtmlws-sb-w%7Cdl1%7Csec1_lnk3%7C213349 link NEW YORK -- The head of the International Monetary Fund was examined for evidence that could incriminate him in the alleged sexual assault of a hotel maid, charges that stunned the global financial world and upended French presidential politics.
Dominique Strauss-Kahn, a married father of four whose reputation with women earned him the nickname "the great seducer," faced arraignment Monday on charges of attempted rape and criminal sexual contact in the alleged attack on a maid who went into his penthouse suite at a hotel near Times Square to clean it. All these little blows that has been happening continually, for what? 10 years now, is just pilling up and having a major effect on the current world economy and political system.
Blessings
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Re: IMF bombshell: Age of America nears end(China’s economy will surpass the U.S. in 2016)
[Re: Daryl]
#133519
05/17/11 11:10 AM
05/17/11 11:10 AM
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Group: Admin Team
3000+ Member
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Joined: Jan 2008
Posts: 3,114
Florida, USA
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Also, could we end up with a one world currency before this happens? Now we are looking down the real danger, in order to stabilize the price of oil and energy, the world has to agreed on one world currency and a few more surges like this last one and that will be a given........
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Re: IMF bombshell: Age of America nears end(China’s economy will surpass the U.S. in 2016)
[Re: Rick H]
#133593
05/20/11 12:23 PM
05/20/11 12:23 PM
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OP
Active Member 2019
Died February 12, 2019
2500+ Member
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Joined: Dec 2008
Posts: 2,536
Canada
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Also, could we end up with a one world currency before this happens? Now we are looking down the real danger, in order to stabilize the price of oil and energy, the world has to agreed on one world currency and a few more surges like this last one and that will be a given........ I don't know Rick and Daryl, to me it doesn't compute. I did see it when they(World Banks, Secret Societies, whoever up there who runs World's events) had the control over the money. For a one world empire to rule, doesn't it needs to have power in terms of having the control over money and the people? Having a major world economic crisis, they are losing their power(money) PLUS the faith of the people in them, therefore less ability to control the people. Look at this article that says that the government " will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public". link : http://www.washingtonpost.com/business/e...ry.html?hpid=z1They have a pretty nice graph showing the national debt since 1980. in 1980 the USA reached 1 Trillion dollars in debt, in 1986.................2 Trillions.... in 1993.................4 Trillions..... in 2002.................6 Trillions ........ in 2006.................8 Trillions..... in 2008.................11 Trillions..... in 2010.................13 Trillions...... in 2011.................14 Trilions...... With these numbers, it shows a plain lost of control especially starting 10 years ago. Blessings!
Blessings
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Re: IMF bombshell: Age of America nears end(China’s economy will surpass the U.S. in 2016)
[Re: Elle]
#136290
09/27/11 07:40 PM
09/27/11 07:40 PM
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OP
Active Member 2019
Died February 12, 2019
2500+ Member
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Joined: Dec 2008
Posts: 2,536
Canada
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Well, it looks like America nor Europe is going to recover this one. Mystery Babylon(those controlling this world) is fallen. Here's BBC interviewing a Financial Trader who warns everyone that the whole stock market is crashing that in less than a year, everyones assets will be lost. He believe that Goldman Sachs will make money out of it and other people with a good plan can also. However, I don't believe that. I believe God has his finger on all of this and His purpose will be fulfill to judge Babylon. It's time to get out of her. http://www.youtube.com/watch?v=kpg76VjTa58No time to loose, get ready. Buy a little piece of land in the country and some seeds. Whatever else you have left as paper money, buy something that won't loose its value like silver. Silver has long been depress and its price will shoot to the moon. Babylon was the head of Gold and it is the arms of silver(King of the East - Medo-Persia) that overthrew Babylon. China(King of the East) is wisely counseling its citizen to buy silver. It would be wise for us to do the same.
Blessings
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Mystery (Secret) Babylon is fallen
[Re: Elle]
#136441
10/04/11 04:18 PM
10/04/11 04:18 PM
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OP
Active Member 2019
Died February 12, 2019
2500+ Member
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Joined: Dec 2008
Posts: 2,536
Canada
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It looks the Anti Wall Street Protest is spreading Nationwide. It started on Sept 17th the day Operation Jericho blew the Trumpets and circle the twin cities. That very same day, another independant group in New York they set up camp to protest. As liberals they are standing against Faschism. " A system of government that exercises a dictatorship of the extreme right, typically through the merging of state and business leadership, together with a belligerent nationalism."This is what happened when the international banks took over America through the Federal Reserve Bank in 1913. It is a world-wide economic system that has secretly taken over the political apparatus . We can call it Mystery (Secret) Babylon. Typically Fascism government takes over business, however with Secret Babylon it is the other way around. http://news.yahoo.com/anti-wall-street-protests-spread-nationwide-210839665.htmlProtesters in St. Louis stood on a street corner a few blocks from the shimmering Gateway Arch, carrying signs that read, "How Did The Cat Get So Fat?," ''You're a Pawn in Their Game" and "We Want The Sacks Of Gold Goldman Sachs Stole From Us."The statut of Secret Babylon is about to loose it's head of Gold. These are signs of the Times.
Blessings
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Re: Mystery (Secret) Babylon is fallen
[Re: Elle]
#136654
10/10/11 03:12 PM
10/10/11 03:12 PM
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I believe God has his finger on all of this and His purpose will be fulfill to judge Babylon. It's time to get out of her. What Babylon are you referring to here; the world itself, the churches of the world, or both?
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Here is the link to this week's Sabbath School Lesson Study and Discussion Material: Click Here
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