China to Surpass US as World's Largest Economy

[deacon blues]

China's current growth rate is 8-10 percent a year, compared to the US at less than 2 percent a year. The US and Europe are in decline. We are swimming in debt. China has a $3 trillion surplus. A National Intelligence Council report states that China will be the world's largest economy by 2030. Our GDP is $15 trillion, theirs is currently $11 trillion. A couple of years ago they were at $9 trillion.

And our solution?

MORE DEBT! MORE BORROWING! MORE SPENDING!

Intel report: China's economy to surpass U.S. by 2030 http://economy.money.cnn.com/2012/12...na-us-economy/ via @CNNMoney

[Dordrecht]

A few years from now we'll all be driving chinese cars.
We can't produce anything locally anymore.
I fear the day we need to buy chinese food!

[seekerman]

This means another world war, this time with nukes.

[RandyWayne]

Originally Posted by Dordrecht

A few years from now we'll all be driving chinese cars.
We can't produce anything locally anymore.
I fear the day we need to buy chinese food!

If the Republicans don't cave or seriously water down the recent right-to-work legislation going through MI right now, we may YET have some American owned cars for a while.

(And not to be too down on foreign cars since I drive one myself, which I really like, most are actually made right here in the USA since it is cheaper than shipping them here.)

[TGBTG]

Originally Posted by Dordrecht

A few years from now we'll all be driving chinese cars.
We can't produce anything locally anymore.
I fear the day we need to buy chinese food!

Don't we already?