08-08-2011, 05:52 PM
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Choice is an Illusion
Industry Role:
Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
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The Age of America ends in 2016
Quote:
More than the IMF is calling for a change in the global economy. China is also in favor of this dramatic shift in economic power- hoping it would help salvage the global financial market and shift power away from the United States dollar.
The Wall Street Journal reported, ?China called for the creation of a new currency to eventually replace the dollar as the world?s standard, proposing a sweeping overhaul of global finance that reflects developing nations? growing unhappiness with the U.S. role in the world economy.?
Russia is also jumping on the ?dump the dollar? bandwagon. The Wall Street Journal went on to admit, ?Russia recommended that the International Monetary Fund might issue the currency, and emphasized the need to update ?the obsolescent unipolar world economic order.??
It seems America is falling out of everyone?s favor. This shocking news will certainly have very negative implications on the United States of America. Is this the end of a super power?
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Full Article
Quote:
The Age of America ends in 2016: IMF predicts the year China's economy will surpass U.S.
The U.S. could lose its status as the world?s biggest economic power within five years.
The International Monetary Fund predicts China will overtake the U.S. in 2016, which will effectively end the 'Age of America' a decade before most analysts had expected.
It means that whoever wins the 2012 presidential election will have the dubious honour of presiding over the fall of the United States.
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Full Story
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