Do most people accept the reality that the U.S. will remain a top nation for as long as ancient Egypt and Rome did? (crimes, neighborhoods)

[masssachoicetts]

Now isnt China heading towards a recession at the current moment? GDP Growth is extremely low. Curious about Chinas future.

The US I dont even consider #1 anymore... Im disgusted with this country's direction.

[Coseau]

It depends on the strength on the US consumer and can it continue to be the top consumer market in the world. Until then the dollar will remain the World Reserve Currency. The US will gradually be surpassed by China this century as the individual Chinese consumer continues acquiring more disposable income making the Chinese domestic market an viable alternative to the US Market.

The World is gradually turning to alternative forms of energy due to pollution and climate change. As other countries become less reliant on oil for energy there will be less of a need for Petrodollars to purchase such oil. Eventually this will lead to the dollar gradually losing its status as the World Reserve Currency.

If the dollar collapsed due to a triggering event that destroys confidence in the US dollar then the US would rapidly decline from its position that it has of now. That event could be the sudden lack of access of the Chinese and Japanese economies to the their best export market which is the USA. China and Japan are the two biggest holders of US Treasuries. It is not in their interest to bankrupt their best customer by dumping their holdings of US Treasuries. Their economies is to dependent on the US economy. But if they lose access to the US market then they have no longer have the need to keep the dollar stable comparative to their respective currencies in order to keep their exports cost competitive in the US Market.

[grega94]

Originally Posted by Coseau

It depends on the strength on the US consumer and can it continue to be the top consumer market in the world. Until then the dollar will remain the World Reserve Currency. The US will gradually be surpassed by China this century as the individual Chinese consumer continues acquiring more disposable income making the Chinese domestic market an viable alternative to the US Market.

The World is gradually turning to alternative forms of energy due to pollution and climate change. As other countries become less reliant on oil for energy there will be less of a need for Petrodollars to purchase such oil. Eventually this will lead to the dollar gradually losing its status as the World Reserve Currency.

If the dollar collapsed due to a triggering event that destroys confidence in the US dollar then the US would rapidly decline from its position that it has of now. That event could be the sudden lack of access of the Chinese and Japanese economies to the their best export market which is the USA. China and Japan are the two biggest holders of US Treasuries. It is not in their interest to bankrupt their best customer by dumping their holdings of US Treasuries. Their economies is to dependent on the US economy. But if they lose access to the US market then they have no longer have the need to keep the dollar stable comparative to their respective currencies in order to keep their exports cost competitive in the US Market.

India is another market that will be very disruptive due to it's huge population. Also the developing/undeveloped world right now is having a huge population boom, it's projected that Nigeria will have a larger population than the US mid century. I could see the Asian and African markets becoming much important than Europe and north America just due to their huge size.

[jetgraphics]

Originally Posted by BigCityDreamer

This is a false and misleading impression you will get from the news media. That is because it is filled bias and negative propaganda. This includes most print media on the internet as well.

The United States currently has the highest GDP in its history. The stock market is near record highs. The unemployment rate is the lowest it's been in 50 years. The U.S. has most of the world's top universities and an extreme concentration of talent and intellectual capital probably not found in any other country in the world.

Do you realize that the U.S. economy is larger than the economies of all the countries in the rest of the Western hemisphere combined?

Highest GDP?

Denominated in worthless IOUs? (Dollar bills)
That depreciate daily?
That lose buying power?
Thanks to inflation?
A 1910 cent has the buying power of two 2019 dollar bills.
Only automation and mass production of food is keeping the nation from collapsing.
No matter who is elected, taxes rise, deficit spending continues, national debt increases, debt service increases, and inflation rages on.
Fighting over who gets taxed and who gets bribed gets more and more heated.
Congress already borrows more than it pays in debt service (interest) - new investors are paying the old investors. That's what Bernie Madoff is in prison for doing in the private sector.
At some point new investors are going to realize that their odds of getting their principal back is zero, and stop lending to the government.
Then the dominoes will fall.

Skeptical?
https://www.federalreserve.gov/faqs/currency_12773.htm
Q: How much U.S. currency is in circulation?

A: There was approximately $1.70 trillion in circulation as of January 31, 2019. This figure includes Federal Reserve notes ($1,655.2 billion), U.S. notes ($0.2 billion), currency no longer issued ($0.2 billion), and coins outstanding ($47.2 billion).

U.S. Population = 329,217,343
Estimated $5,042.26 per capita in circulation

http://www.usdebtclock.org/
The U.S. “Death” clock
National Debt: $22.5+ Trillion (in dollars)
U.S. Federal Spending : $4.452 T (in dollar bills)
U.S. Federal Deficit : $1.034 T (in dollar bills)
U.S. Debt Service : $0.372 T (in dollar bills)
((congress is borrowing more than it pays in interest))
Debt per capita : $68,418
Debt per taxpayer : $183,032

As of November 30, 2018, the US Treasury claims that there is 261,498,926 oz of gold bullion in official US Gold reserves held between Fort Knox, the US Mint at West Point, and the US Mint in Denver.


Based on the Coinage Act of 1792 - - -

Double Eagle = coin containing 0.9675 ounce (troy) of gold bullion and other alloys. Equivalent to 20 unit dollars.

If all the gold reserves are coined, the sum computes to $5,405,662,552.97.
$5.4 billion (dollars, not dollar bills).

How did Congress rack up owing $22.5 trillion dollars (coin) when we only have $5.4 billion worth of bullion? What was really lent to Congress? Oh, right, you cannot question the validity of the public debt, pursuant to clause 4, 14th amendment, USCON.

YES INDEED, everything is freakin' great. Don't worry your pretty little heads. Move along, nothing to see here.

[asiago12]

Originally Posted by kevxu

Americans need to take a look at history. As time has moved forward from ancient Egypt, etc. each major empire or power has lasted a shorter and shorter time.

This is what Americans need to understand and be prepared for.

Venice Republic lasted from 697 to 1797..


It was not an empire but it was strong and rich as an empire .. The Venetian army was so strong that it rivaled the Ottoman Empire ( 25 times Venetian popolation )

[asiago12]

Originally Posted by euro123

A country of 1.2+ billion people of course they have problems...even the whole of europe is some 500 million people and if someone makes a documentary about capital punishment in Belarus, skinning of foxes in Sweden or war in Ukraine it will make China look like the ultimate paradise in comparison.


Meanwhile if you focus on Shenzhen, Shanghai and Beijing it makes Paris, Amsterdam and Rome look backwards and boring.

The same can be said about America which has fourth of China's population.

I agree... China has 1.4 milion people ( or more )

[MnM258]

Originally Posted by masssachoicetts

Now isnt China heading towards a recession at the current moment? GDP Growth is extremely low. Curious about Chinas future.

Extremely low by Chinese standards over the last couple of decades, but I think any developed Western country would be very happy with 6% annual growth. That is nowhere near recession if you take the commonly accepted definition of recession as two consecutive quarters of negative growth.

[danielj72]

How long will America be a major power? Depends. I am an American and I can tell you that our nation is troubled. We have a massive internal division, a dangerous one. Half our nation wants socialism and social justice, the other half wants to remain capitalist, Christian and based in traditional values. A civil war is the most likely event that could end America’s superpower status. In fact the nation itself could break up. Everyone must remember that we had one civil war already, there is no reason to believe we are not capable of going there again and currently we show signs of that kind of division within our nation.

Could our power last hundreds more years???as long as we don’t take ourselves out with a civil war then maybe. Other factors like world war or economic failure could diminish us as well. It is silly to predict our power to last centuries or even millennia as no one knows the future but God himself.

[kanonka]

I wonder if OP understands what GDP is and how it is calculated.

Hint 1: you get haircut in US for $50, US GDP grows by $50. You get exactly same haircut in China for $2, China GDP grows by $2.
Hint 2: I sell you junk for $100. You sell me that junk back for the same $100. GDP just grew by $200.
Hint 3: US already is not #1 in terms of economy. GDP PPP - rings any bell?

[OZpharmer]

Originally Posted by asiago12

I agree... China has 1.4 milion people ( or more )

Billion, not million