The Age of America ends in 2016
http://www.dailymail.co.uk/news/article-1380486/T…
"The International Monetary Fund has set 2016 as the year China's economy will surpass the U.S. - effectively ending the 'Age of America'. It means that whoever wins the 2012 presidential election will have the dubious honour of presiding over the fall of the Uniterd States. It is the first time the IMF has put a time frame on the inevitable march of the communist country, and forecast has profound implications for the balance of global power."
::Knock on wood::
What a load of shit. The Chinese economy will have to almost quadruple in size to be on a GDP equilivent of the USA
....or the size of the American economy has to fall considerably (And we all know that's not possible right?).
Agreed that it isn't possible, however 15,1 Trillion/~10 Trillion does not equal 4.
I tried to edit my comment to say GDP per capita but by the time I noticed it was all ready quoted so I couldnt do it.
Please dont reference the Daily Mail. Ever.
In other news, the Mayan calendar reports the sun will turn off by 2012
^ YEP, so China allllmost beat us. Close, but no cigar. The apocolyps is a bummer, for sure.
China is one of the best arguments for capitalism. Under Mao and thotterser brutal dictators it suffered enormously but now that it's markets are opening up (face it its no longer a communist country, just one with an authoritarian govt) it's made enormous strides in such a quick period of time
By 2016, China will have what, 1.8 billion people and the U.S. will be at about 350 million? Not particularly impressive that their GDP could be higher than ours.
Also, who cares? The GDP dick measuring contest is irrelevant. I would rather have high GDPs in both countries with the U.S. lower relative to China than low GDPs with the US relatively higher.
I can't believe WSO fell for this garbage. If I want this kind of commentary I'll head to reddit.
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