On April 28th, 2011, I posted an article “U.S. economic supremacy to end in 2016” (1) which was an introduction to a Haaretz article from two days before headed “China’s economy will outstrip America’s in 5 Years” (2).
The key phrase in the Haaretz article was “The forecast is for profound change in the balance of power, not least because in the era of America, the global economy was led by a democratic power. China is not that.”
Indeed it is not. And now, not quite five years later, we have a dangerous situation in which both China and Russia have no respect for President Obama, and are engaging in dangerous games designed to see just how much they can get away with. They are both expanding their military power and capabilities, and China’s economy is assuredly going to surpass that of America. Indeed, some say that has already happened (3).
As Brett Arends said in Market Watch (4), “The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in ‘real’ terms of goods and services, China will this year produce $17.6 trillion – compared with $17.4 trillion for the U.S.A… To put the numbers slightly differently, China now accounts for 16.5% of the global economy when measured in real purchasing-power terms, compared with 16.3% for the U.S.”
I said in “America’s economy is now smaller than that of China” that “It can reasonably be said that China’s expanding economy, military might, and nuclear arsenal, have been obtained largely as the result of widespread spying activities, often carried out by their students in Western countries, and by Chinese government-financed businesses acting as ‘fronts’ for espionage activities. But the fact remains that this strategy is astonishingly effective, and may well result in an economic collapse of the United States and the West, resulting in China becoming the dominant world power.”
Russia’s ultimate position in all this seems relatively unclear right now, but at some point in the future, I can see America and Russia uniting to take a stand against Chinese world domination.
Two other posts have carried warnings of what was to come. They are “China using EB-5 investment programs to ‘buy’ America” (5) May 8th 2014, and “China’s terrifying buy-out of Western businesses and land” (6) Dec. 9th 2013.
These items are linked to below, and I suggest that spending some time reviewing them and the rest of this material will give you an excellent insight into the sorry mess we find ourselves in, and the reasons for it.
How I wish for a U.S. President such as Ronald Reagan! Such a man would immediately put the U.S. on an emergency footing to deal with this extremely dangerous threat by ceasing to import shoddy Chinese goods so that they can destroy us using our money, and would also take all other necessary steps to restore respect – and if necessary, fear – for the United States amongst those who presently think they can tweak Uncle Sam’s nose with impunity.
If America falls to China, we all fall. And the best hope to save the Free World, in my opinion, is undoubtedly Donald Trump.
Stay out of small planes, Donald! America and the Free World have desperate need of your services.
(1) – Read “U.S. economic supremacy to end in 2016” here.
(2) – Read “China’s economy will outstrip America’s in 5 Years” here.
(3) – See “America’s economy is now smaller than that of China” (Dec. 5th 2014) here.
(4) – See “It’s official: America is now No. 2” here.
(5) – See “China using EB-5 investment programs to ‘buy’ America” here.
(6) – See “China’s terrifying buy-out of Western businesses and land” here.