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Politics : American Presidential Politics and foreign affairs

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To: goldworldnet who wrote (214)	12/3/2004 3:38:13 PM
From: Peter Dierks	Read Replies (2) of 71588

China has a demographic mix and sheer population that will propel their economy into a leadership role by the 2030's. The US will lose the role of the strongest economy in the world. China is growing dramatically because the economic shackles have been removed. There are problems with government bureaucrats trying to make their bureaucracy important by controlling investments. The central government has had to squelch more than a few projects. If the Yuan were not pegged to the dollar, China would experience inflation due to the youth of the workforce. (Like the 70's stagflation in the US.) The Chinese started with a relatively clean slate, and get to muck it up in the future. The central government is only allowing incremental increases in the standard of living. Their economic policies are not allowing the massive value add their people are generating to get to them (yet). Enjoy the increased standard of living that we are benefiting from because of the pegged exchange rate. It will not last forever. What do we do when people / governments want to cash in their US Government Bonds?

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