These statements are such a stretch on so many levels it's not even funny.

China will not fight a war with the U.S. over oil, or over anything. Why would you want to kill your biggest customer and cripple your own economy?
The biggest benefit of free trade is that it stops wars. Countries that do business together are far less likely to get into a shooting war, history proves this.

The fact that you think there is no "next era" in the economy shows how naive you really are. There's really no point in discussing anything further with you, if you can't see how advances in biotechnology, dna sequencing and the like are going to revolutionize the world economy then you're really not fit to have an intelligent discussion on economics or trade.

Best answer yet

yep, this thread is pointless.

We need to worry more about our army, if china and Korea match up they will be the new super force. luckily japan has our back now.

:1orglaugh :pimp

I seriously doubt routine government stats qualify as propaganda. Anyway who needs propaganda when you can use your own eyes: I'm old enough to remember when a working mother was unusual. Now for most families a second income is a necessity.

Have you travelled through the "Heartland" recently, thousands of square miles of corporate farms (many not even American-owned) and communities which have been in decline for a century. The mid-west is home to some of the poorest parts of the US and there isn't the slightest prospect of improvement. Try visiting towns such as the one in which I live, where more than 20% are permanently on welfare and people won't even paint their homes because that would mean an increase in taxes.

The whole concept of onwards and upwards on the tails of business profits is transparent bullsh*t. If you take a man who was earning $20 an hour in a shoe factory or whatever, and give him a job selling shoes for $10 an hour, it doesn't take an economist to figure out he is going to be spending a whole lot less money in future. Repeat that across thousands of factories in hundreds of industries and before long, with the buying power of your customers reduced, prices are forced down and margins end up no better than before the first factory closed.

That was a reality no-one had a problem with back in the 70's. Politicians of both parties were comfortable admitting where we were headed, because then they could tell people not to worry, everyone would soon be doing clean, high-tech jobs and earning more than ever before. Unfortunately for most, that brave new world never happened and now we are exporting hi-tech jobs too. The best way to hide a lack of answers, is to pretend a problem doesn't exist, so these days we pretend that such scenarios are all a figment of fevered left-wing imaginations.

I think it's due to us having less rules for workers and they pay less

By what definition has the US been an "empire"? Or do you mean that figuratively? Either way, World War II did not create an American empire. It created a bipolar world with the USA and its allies on one side and the USSR and its allies on the other. Capitalism vs Communism. Totalitarianism vs Democracy. The US, by default, was left as the only superpower in 1991.

So this kind of thing - the US as the world's lone superpower - can be said to have started only about 16 years ago.

Nothing has gone wrong. Demographics and the spread of capitalistic markets as championed by the United States itself will help the far eastern countries of India and China to the point where it is likely they will become the largest economic powers in the world.

Economic power flows in the direction of large populations especially when the economic rules are becoming more similar.

In Asia We Trust.

L M F A O

this is what happens when you bug more than 2 years at least with porn and been just a poor nothing but an affiliate under a PC 7/24 and thought the world as yourself i think in the GFY. Happy times .

I assure you http://i12.photobucket.com/albums/a2...discipline.jpg , this not me http://i88.photobucket.com/albums/k1.../funny0214.jpg

but can not find the 10 differences between 2 photos.
Can you?

when you think your are the best , the bigger and invincible this is the beginning of the end

:1orglaugh :1orglaugh :1orglaugh

You're missing the Clinton Years, be curious to see those, but I believe they were very low numbers.

Correct.

How many accounts do you have in GFY?

Barefootsies
Date of Birth:
October 10, 1972
Age:
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webmaster since 1997
Location:
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Interests:
Foot Fetish, & golf
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sunserrae1
Date of Birth:
October 10, 1972
Age:
34
Biography:
Horny.
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Interests:
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I appreciate your efforts anyways since 1972

:1orglaugh :1orglaugh :1orglaugh

China Probably will not be #1, as the only reason, their economic is building up is because of their cheap product. Once their worker demand better wage, and their product become expensive no one will buy from them.

Seriously. If we stop buying their product, their economic will be in ruin. If they stop selling to us, worst will happen is consumer have to pay a few more dollar.

We consume because we could, we are not broke like you guys. If you guys could consume that much you would.

As long as US can pay the monthly payment, it doesn't matter how much we are in debt.

Man do not take it that hard, everyone's destiny appears due the things that they can not do more than they could, not only you.
I guess it should be really hard after your 30's to enjoy what you have done since that time and having the motivations to run after what you can not.

Rather to put yourself in anywhere or the things you have done even the things you are going to do instead of trying to be a virtual shovenist.

And try to not make any topic off-topic like a kid. No more bounty from me to you. Try to post something worthy, at least struggle for it man, I believe you can do it without farting to air to take your place in any discussion.

Routine government stats?
How about this, in the last 15 years we've had the lowest combined rates of unemployment and inflation ever.
Just because things suck where you live doesn't mean they suck everywhere.

I guess what you're saying is that the combine should never have been invented, because before the combine the vast majority of Americans were employed in agriculture, most of them lived and worked on farms.
Once the combine was invented most farm workers became unemployed and had to move to the cities to find work in factories.
But yeah, that whole industrial revolution thing was really bad for the country and the economy right?

Then the manufacturing jobs started moving overseas and people had to move and get jobs in information technology. I can see your point, this whole information age has really sucked for us too right?

If some guy made $20 an hour working in a shoe factory then he was overpaid. If his education and skills mean the best job he can get is selling shoes at $10 an hour then that's his lot in life. We shouldn't overpay people who don't have any marketable skills just because it'll make you feel better.

Also, regarding your remark about both parents working being a "necessity" I guess that depends on how you define necessity.
If you think things like cell phones, cable television, high speed internet access, personal computers, ipods, gym memberships and tanning salons are necessities, then I guess you're right.

However, in the era you're referring to, none of those things existed and the average family of 4 lived in a house smaller than 1000 sq ft. If you're willing to do without all of these modern conveniences and live in a very small place, I'm sure the average family can get by with only one parent working. :2 cents:

chine is 1stright now i guess...i wouldnt live in china tough :) who feels like workng for 1 dollar/day after all? ::)

lol :1orglaugh

No, you guys are getting debt and deficit confused.

Also. You have to COMPARE the debt to something. Debt as a percentage of GDP is lower in the US today than it was in 1950. It is almost half of what it was in 1946 compared to the size of the economy. In other words, the US economy has grown mush faster than it's debt for the past 70 years.

A company with one billion in assets can usually handle having 500 million in debt. A company with one billion in assets and more than one billion in debt is usually in credit trouble. In a world where most nations use a Keynesian spending stimulus the nations with the largest economies will often have the most debt. It turns out that the US debt/GDP ratio is close to the average of the G8 countries. The debt itself only looks preposterously high because the US GDP also looks preposterously out of whack.

Industrial supplies, chemicals, transistors, aircraft, cars, computers, telecommunications equipments, software, medicines, beer, soft drinks. The list is long.

US exports have increased faster in the past 20 years than the economy itself. Its imports have increased even faster - thus its "trade deficit".

Of course it is beneficial for the US (and China) that a mammoth company like Wal Mart tries to lower its costs and pass down its savings to its customers. Thus many of its items are manufactured in China. Whether from US companies setting up shop there or purchasing directly from Chinese companies. Some goods are produced cheaper there. Some aren't. It's called "comparative advantage" and everyone benefits from it.

American companies are expanding intro China at a very fast rate. If you read a lot of 10-ks you know what i am talking about. Anheuser Bush, as an example, bought 27% of Tsingtao. Walmart has been opening stores in China. Home Depot has established a Chinese operation. America and China both benefit from an expanding Chinese economy.