Quote:
Originally Posted by Vick!
you didn't mentioned the decline in US economy resulted by useless wars, ditching of USD and adoption of EURO as currency of trade between countries etc etc.
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Nor did I mention the possibility of another G7 currency intervention, the possibility of a China/Taiwan conflict or the loss of asset value the Chinese government faces over a depreciating dollar. The Chinese and Americans have a vested interest in each other. The US is 30% of Chinese exports. China turns those dollars back around and buys US bonds.
Of course we could go on and on.
But it seems that 40 years is the reasonable time-frame in which China approaches the US and EU in economic power.