To: average joe who wrote (27243 ) 6/16/2012 5:59:08 PM From: 2MAR$ Read Replies (2) | Respond to of 69300 OT: The one's who are not falling back on "GOD" & Religion are evolving & doing quite well , CHINA. Now all we have to do is figure out how to deal with the present world as it is, maybe rethink our world a little bit , for the times they are a changing.... fast: The U.S. economy produced goods and services valued at $14.6 trillion in 2010 ... But China’s Gross Domestic Product soared to $14.8 trillion. China’s economy is already larger than America’s. And what’s worse, the United States is falling farther behind every day:
According to the official figures from both Washington and Beijing, the U.S. economy grew about 1.7% in 2011. China’s economy grew 9.2%. That’s more than SEVEN AND ONE-HALF TIMES FASTER; fast enough to nearly DOUBLE the size of China’s already-massive economy once each decade. And if you get to know a little more about both nations, China’s burgeoning economic power becomes even more unsettling. Because the fact is, Beijing has become so powerful, it can now dictate economic policy to the U.S. >> The Beijing government has almost no debt ... >> But Washington has nearly $145 trillion in debt and obligations. ** China has $3.2 trillion in cash — and its cash reserves are growing ever larger, month after month ... ** But Washington has almost no cash on hand and has to borrow nearly half of every dollar it spends — much of it is borrowed from China.
>> China’s total tax revenues are up nearly 30% from a year ago ... >> But Washington’s tax revenues are dramatically down due to the sluggish U.S. economy. ** The U.S. has about 160 million workers ... ** China has 810 million workers — more than 5 times more than the United States. >> 97% of all Chinese workers are employed ... >> But 14 million U.S. workers are either unemployed or underemployed. ** In China’s urban areas, wages ROSE 7.6% in 2011 — and the increase was about double that in rural areas. ** Meanwhile, inflation-adjusted wages for U.S. workers dropped 1.7% Securities valued at more than $6 trillion trade on Chinese exchanges every day and that number is growing by leaps and bounds. China enjoys the largest foreign capital inflows of any nation on Earth, surpassing the United States as the world's favorite place to invest. China is now the world’s #1 mine operator ... its #1 car maker ... its #1 manufacturer ... its #1 exporter. China’s Tianhe-1A super computer is the fastest in the world, capable of processing more than 2.5 thousand trillion calculations per second.
American technicians don’t even know how that kind of speed could be possible. And while the U.S. is winding down its space program, China is preparing to put a man on the moon! China has THE LARGEST ARMY IN THE WORLD — 2.2 million active-duty military personnel — 600,000 more than America has. And while the U.S. is cutting its military expenditures, China has increased military spending every year for more than 20 years ... and is still boosting it by an average of 11.8% per year. China’s military is state-of-the-art: It just unveiled the J-20 — its first stealth fighter. It also has spy satellites, modern battle tanks, aircraft carriers, nuclear attack submarines, cruise missiles, and more. China’s nuclear arsenal is especially worrying: While the U.S. has been steadily reducing its stockpiles for nearly 30 years, China continues to build up its forces and is refusing to even begin talks on nuclear arms reduction. Nearly 50% of every dollar Washington spends today is borrowed money — much of it borrowed from China. Without the billions Beijing loans Washington, the entire U.S. government would go bust. Washington would become a virtual ghost town. Millions of Americans who count on government checks would be financially destroyed. Ben Bernanke — the Chairman of the U.S. Federal Reserve — has created nearly $8 trillion out of thin air since 2009. As a result, the value and the buying power of the dollar have already begun to plunge: *Gasoline prices have shot the moon — you’re paying over 25% more than you paid just 24 months ago! *The price for heating oil rocketed 29% in a recent 12-month period, sending home heating bills up more than 50% per month ! *Milk and cheese prices are up 18% and 15% respectively ... the price of beef and veal used in restaurants is up 17% ... coffee prices are up more than 20% ... and egg prices have soared nearly 30%! * And everywhere you look, you see “sticker shock” on health insurance ... medicine and medical care ... college tuition ... airline tickets ... and more. As a result of this precipitous decline in the dollar’s buying power ... France, India and many other countries ... The U.N., the IMF and other international organizations ... Are ALL calling for the end of the dollar’s reign as the world’s reserve currency. And even the official newspaper of the Chinese Communist Party says — and again, I quote: “ The world urgently needs to create a diversified currency and financial system and fair and just financial order that is not dependent on the United States.” In fact, the U.S. dollar is already being abandoned by many countries and companies in favor of the Chinese currency — the yuan: > Investors can now buy yuan-denominated bonds in Hong Kong. > Caterpillar and McDonald’s recently financed their mainland China projects directly via yuan bond offerings instead of U.S. dollars. > And China’s trade with Russia, Vietnam and Thailand is now being settled in yuan instead of U.S. dollars. > Apple Computer is even accepting iTunes payments in yuan!