ONTD

*prophet

see what happens when you talk money? It infects everything.

Also, people are investing more in American market to strengthen the dollar because there is so much of it in the global market. So, I don't know who told you people are "switching away" because there's nothing to switch too. But keep trying I guess.

Edited at 2012-11-17 06:02 am (UTC)

And perhaps, not mimic whatever the fuck Rachel Maddow felt like discussing that night. I don't hate her, it's just a basic introduction of leftism to just learn everything you need to know only from watching her show.

Iceland, really? I quiver with fear.

LOL WHAT, i'm icelandic and i've never heard of this

That's not entirely true. China isn't poised to become the world's next superpower mostly because their methods of gaining mobility in the world market isn't sustainable. They don't have a strong middle-class, which means their growth depends largely on their exports of good and the jobs we outsource there to keep production costs low. If China wants to become a superpower, they'll have to grow their middle-class so that they can become robust consumers and raise the GDP of their country to support future growth. Also, keep in mind a superpower isn't just about money; it's also about influence.

It's unlikely, due to China's lack of immigration, free market capitalism, their one-child policy (which means in 20 years, America will be younger) and the fact that their "power" comes largely from turning their country into a sweat-shop, that they'll be the next superpower. The west if far from decline, and the east has a long way to go. It's better than where it was, but they are not poised to overtake America as a superpower. If anything, when America loses its "superpower" status, it'll be because the world becomes more globalized and no one will have that title because influence will even out amongst the most powerful countries.

China also does not hold most of our debt. Americans hold most of America's debt, China only owns 8%. China can't just call us to "pay our bill", Government to Government debt isn't run like, say, a credit card. Our debt is cheap and most of our money circulates outside the united states, like, A LOT of it, so, while Iceland may "consider" switching to the Canadian dollar, it doesn't have mobility like the American dollar and chances are it wont anytime soon.

So no matter what rhetoric you hear about American and the west being on decline, it really isn't, although it makes a good story. However; all empires fail, but keep in mind post-techno-boom fail isn't going to be like, post World War 1 fail.

k.

How did I know you were going to say China, India or Brazil? LOL

People love to speculate on the "new superpower" because, like I said, it makes a great story. The facts, however, point to something completely different. I'm not even going to go into why India and Brazil won't be superpowers either, because it's more complex than China tbh and I'm tired.

Anyway, my point still stands, when America loses it's 'superpower' status, it wont be replaced by another country. Mostly likely there'll just be a bunch of "great powers"... Superpowers are relics of the past, America has just sustained theirs.

it will probably be another 50 years but america will go down and someone else will rise up and take it's place. right now it's looking like china, india or apparently brazil with china

india, brazil...that wont happen...at all...

que?