IMF bombshell: Age of America nears end
Commentary: China’s economy will surpass the U.S. in 2016
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.
IMF sees China topping U.S. in 2016
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. Brett Arends looks at the implications for the U.S. dollar and the Treasury market.++++++++++++++++++++++
This is the direct result of an over a century and a half experiment with creeping socialism and ever-growing government, kicked into high gear in the 1930's and into overdrive with Osama. The Demonrats are primarily to blame, with the explicit cooperation of the Republicans for most of the time.
From here on in, we MUST elect people dedicated to dismantling Leviathan, and hold them strictly responsible for their actions. We cannot allow any more "bipartisanship", "compromise", or "deal making". Either we cut spending viciously, eliminate un-Constitutional bureaucracies, limit taxation, and generally clean house, we will become a footnote in history.
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