@rugonnacry,
rugonnacry;47501 wrote:I will answer
GDP PPP we will continue to thrive in a country that does not limit the amount of offspring a couple ahs.
China calls in our loans, we will not sell them anymore oil (they get it form us not the arabs)
More SOC alligns further against us//// um ./.. and?
Then the govt will trade in euros and the us dollar will still be mass used in the US
China's GDP is advancing at over 10% annually, we usually hover between 2-3%. Eventually, they will overtake us. Their 1 child policy doesn't hurt them, since we can't compete with their population as it stands.
China buys oil from Russia, Sudan, Nigeria, and Venezuela. Very little comes from the United States. In fact, if the US economy failed as a result of Chinese loans, our Saudi trading partners would simply turn to China to pick up the slack.
You don't know what the SCO is, do you?
The dollar's value is based on international demand. The Bretton-Woods model dictated that all currency would be assigned value relative to the US dollar, which was in turn valued at gold. When Nixon took us off of the gold standard however, the dollar became the "new gold". Then, countries began to realize the absurdity of basing the value of their currencies on....just another paper currency. Thus, currency value has become tied to demand for imports, since if you want to buy French items you need to pay them in Euros (or dollars for America, Yen for Japan, you get it), and this is why the Euro has become so incredibly powerful, it is the currency of the most powerful economic body in the world (Yes, the EU collective GDP is higher than our's), and thus the most frequently DEMANDED.
Without international demand, or gold backing it, the dollar is WORTHLESS, tantamount to the Ruble. The sad thing is, while a weak dollar SHOULD improve exports, since the Chinese Yuan is directly tied to the value of the dollar, the Chinese will always have an edge in exporting.
What say you?