Economists Forecast China to overtake U.S. Economy Soon
Though the U.S. still has the world's leading economy, worth $14.6 trillion in 2010, that could soon be history!
China has 1.3 billion people! That's more than four times America’s population. China actually gives birth to more babies each year than Canada has people, and that’s after China’s jìhuà shengyù zhèngcè policy, allowing the Chinese only one child per family.
A new television ad about the U.S. national debt produced by Citizens Against Government Waste has been deemed “too controversial” by major networks including ABC, A&E and The History Channel and will not be shown on those channels. The commercial is to honor the 1986 “The Deficit Trials” ad that was also banned by the major networks.
Apparently telling the truth about the national debt is a little too “hot” for the major networks to handle. But perhaps it is time to tell the American people the truth. In 1986, the U.S. national debt was around 2 trillion dollars. Today, it is rapidly approaching 14 trillion dollars. The American Dream is being ripped apart right in front of our eyes, but apparently some of the major networks don’t want the American people to really understand what is going on.
The ad does not even have anything offensive in it. The commercial is set in the year 2030, with the main character a Chinese professor lecturing his students on the fall of great empires. With images of the United States on a screen behind him, the Chinese professor tells his students, “they all make the same mistakes. Turning their backs on the principles that made them great. America tried to spend and tax itself out of a great recession. Enormous so-called “stimulus” spending, massive changes to health care, government takeover of private industries, and crushing debt.”
Maybe it is the truth the Chinese Professor reveals next that is offending the big networks: “Of course, we owned most of their debt, so now they work for us”.
So is this television commercial offensive? Watch it below and decide for yourself….
1,814,473 views already, by 4/11/11
Month after month, thousands of jobs and billions of dollars gets transferred permanently from the United States to China.
In 1985, the U.S. trade deficit with China was 6 million dollars for the entire year. In the month of August alone, the U.S. trade deficit with China was over 28 billion dollars.
China has become an economic Superpower, growing its GDP by about 10% per year. Not long ago China passed Germany as the world's third largest econmy, this year, China passed Japan to become the world’s second largest economy, after the U.S.
World Bank's chief economist, Justin Lin said China has the potential to overtake the U.S. and become the world's largest economy in about 20 years time. There are many others (including myself) who believe this will happen much sooner.
The Chinese government has accumulated hundreds of billions of excess dollars, and U.S. government officials now regularly make trips over there to beg them to keep lending more money to our government so that we can continue to go on living far beyond our means.
But the borrower always ends up as the servant of the lender, and we are rapidly becoming the servants of the Chinese.
China is accomplishing this by openly manipulating currency rates, by allowing their population to be paid slave labor wages and by putting up unfair barriers to U.S. goods.
And our politicians are letting them get away with it. In fact, one prominent economist is now projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040.
But it did not have to be this way. We did not have to merge the U.S. economy into a globalized one-world economy where U.S. workers are put in direct competition for jobs with millions of Chinese workers that make less than a dollar per hour.
Factories, wealth and jobs are leaving the United States at a blinding pace. Since 2001, approximately 42,400 American factories have closed their doors.
America is being deindustrialized, and the sad thing is that most Americans do not even realize that it is a major problem. As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time that less than 12 million Americans were employed in manufacturing was in 1941.
Today, the United States spends about $3.90 on Chinese goods for every $1 that China spends on goods from the United States.
Meanwhile, formerly great American manufacturing cities such as Detroit now look like post-apocalyptic war zones.
But this is just the beginning of the end for America. China is also on track to outstrip the U.S. in scientific research activity over the next two years, according to a Royal Society report.
A Market Watch report picks out China as leading the 'Bric' pack of emerging economies (Brazil, Russia, India and others) in catching up with and, in the case of China, superseding traditional scientific leaders the U.S., Western Europe and Japan on various running tracks of the scientific landscape.
China will overtake the global share of published research articles in 2013, according to the report, Knowledge, Networks and Nations, published recently.
China will also become a global cultural leader, already for the first time in the auction world, China topped the United States and the United Kingdom as the biggest seller of art last year. Chinese public auctions in 2010 accounted for 33% of worldwide global fine art sales, while American houses sold 30% and UK 19 %. AllGov
China is winning and we are losing
It almost looks as if The New World Order may be the only thing that could save Americam, Europe and the rest of Western Civilization from the Chinese threat. I'm sure the Rothschilds, Rockefellers, Warburgs and the other major international bankers, as well as western societies most esteemed scientists, researchers and cultural leaders are scrambling to prevent this from happening. In case you haven't noticed, the NWO does not include any Chinese, Japanese, Korean or any other Asian members.
So which would be worse? Being controlled by the Chinese or the NWO? Maybe the NWO is counting on our fear of the Chinese to get our approval and support?
So what do you think? Please leave your opinion via a comment down bellow.
Edited By: Tom Retterbush
Tomorrow on Conspiracy Watch, The Chinese Takeover of America, comming Thursday, April 13, 2011.