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The state of California buys more from China than OZ. Multiply that by 10 and you have what China loses if the US falls. Their costs rise as their market shrinks and Australia feels the bite as the cost of goods rise to compensate for the loss.
But the money is running out here,China knows that and is developing new markets all over the world.
Any great soceity falls when they do not adjust to the realities and conditions of a changing world. Most that failed, desperately tried to artificially maintain what they wanted the world to look like, not what it was evolving to. We are fortunate that we have the leadership in place to help bring this Country forward to the realities of the world. Some here are resisting that, but doubt they will be able to stop it. If we can't prevent them, then we will fail. History has proven that.
I think how our nation will fair is tied to globalization, which is a world-wide event. In the end, some countries, like the US, will go down in power. Other countries, like India and China, will go up as they increase economically by producing more world goods. I wouldn't have a problem with this, except that I see the effect it is having on the US. We are losing the middle class and becoming a nation of haves and have not's, while the rich get richer and jobs continue to go overseas. I don't see that turning around, and the end result will be loss of power for the US. We are already part way through the process. I think my grandchildren will need to prepare to work for global US companies who send their execs overseas, like many are doing now, or prepare to work for overseas companies in order to have a better life.
Any great soceity falls when they do not adjust to the realities and conditions of a changing world. Most that failed, desperately tried to artificially maintain what they wanted the world to look like, not what it was evolving to. We are fortunate that we have the leadership in place to help bring this Country forward to the realities of the world. Some here are resisting that, but doubt they will be able to stop it. If we can't prevent them, then we will fail. History has proven that.
What leadership would that be???
The one currently continuing and expanding our military adventures?
The one currently pushing us deeper and deeper into debt?
I think how our nation will fair is tied to globalization, which is a world-wide event. In the end, some countries, like the US, will go down in power. Other countries, like India and China, will go up as they increase economically by producing more world goods. I wouldn't have a problem with this, except that I see the effect it is having on the US. We are losing the middle class and becoming a nation of haves and have not's, while the rich get richer and jobs continue to go overseas. I don't see that turning around, and the end result will be loss of power for the US. We are already part way through the process. I think my grandchildren will need to prepare to work for global US companies who send their execs overseas, like many are doing now, or prepare to work for overseas companies in order to have a better life.
I doubt there is that great a demand for American execs to where even 10% of future generations will be 'needed' overseas.
As the power of the USA wanes and it goes the way of other powerful nations and empires,how many here will be able to live with the idea?
By that I mean most Americans alive now have ALWAYS lived in the most powerful nation on earth,they have known nothing else,when the USA slips into second or third place as a global power,how will this affect you?
Coming from a nation that has never been one of the 'players',it matters little to me.
But a lot of Americans seem to be quite attached to being No. 1.
Americans don't give a damn. They only care about buying cheap crap at Walmart, how large their TV's and houses are, how many toys they can fit in their garages and driveways, reality TV, and what the hell Simon said on the last episode of American Idol.
As long as you don't get between them and any of that garbage, they really couldn't care less that the country is getting sold down the river.
Besides, most people are delusional enough to think that we can't possibly fall to number 2 because we're pre-ordained by God to be number 1.
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