Doomed America: China the Dominant Nation
The Dollar's Demise
I was watching the Larry Edelson\Weiss Research video about how President Obama was in cahoots with China to bring on the demise of the US dollar through out debt and how the rise of the China's yuan will eventually become the world's currency that financial institutions and markets use. According to them, the IMF projects that the "Age of America" will end by 2016, when China will reign supreme on the world markets. Others, claim is happening now and that many expert are simply in denial about the inevitable facts. All great powers in history have declined at some point and now it is America's turn. The IMF is already calling for world markets to trade not in the devalued US dollar but China's yuan. If the yuan's value is increased, as Obama wants, it actually makes the dollar weaker and America's debt of $145 trillion, much of it owned by China. The weakened dollar will cause inflation to double or triple while China's inflation is reduced. Even the UK and France are saying that the world's financial market cannot be only done in dollars and suggest alternatives are a must.
Since 2009, the US has spent $10.6 trillion, to do that, we borrowed 4 billion from China. Some 50% of every dollar is subsidized or borrowed from China. Scary. I know, it is a sort of invisible demise of the American economy because China does own much of our debt. China is booming largely because of the West, yet the US does have $145 trillion in debt and no cash reserves, per se, while China has $32 trillion in cash.
China is a monster nation and hungry. One could say it a beast with 810 million workers that are 80% employed compared to America's 160 million with 14% unemployed, and we know why that is: China is the cheapest and best place to build everything. Its growth is around 9% a year, the US is 1.7%. It is growing seven times faster than the US economy and we all know why. This is not rocket science. Just about everything you buy from any store in the US is not made in America, but China or other Asian nation.
China can conquer America without ever using military force-they are already quietly dictating and controlling using their economic clout. Through this, they can alter and change policy to a degree. It seems, in 2012, the two nations are fairly equal. The American century seems to be waning and slowly ceding power to a new world power, China. Both will continue to respect one another, but as time moves on, China will become increasingly powerful until one day it will elect to use its economic or military strength on the world stage heavily influencing politics in all regions of the world. This is another, "duh". China is still a Communist regime, not different than the USSR that America battled for 40 yrs. While Russia tired to use blatant and brunt force to conquer, China is far more careful using economics as a tool of war or mastery. It is working well.
As for investing, because of China's hunger for natural resources, it makes total sense to find stocks or funds dealing with natural resources such as, coal, copper, steel, tin, zinc, uranium, gold, silver. It makes sense to do the same with food stocks or funds. Investing in China Petrol, Cnooc, Nucor, Southern Copper, Yanzhou coal, Novagold and others are worth looking at.
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