Obama supporter, Goldman Sachs, says China could overtake US economy by 2027

Discussion in 'Politics' started by Neotrotsky, Nov 21, 2011.

  1. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Obama supporter, Goldman Sachs, says China could overtake US economy by 2027


    The head of Goldman Sachs Asset Management, has predicted that China could overtake the United States as the world's largest economy by 2027 and urged a fundamental rethink of the operation of the G7 which he believes is too dominated by the West.
     
  2. ScienceRocks
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    ScienceRocks Blue dog all the way!

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    If Obama is elected to a second term, I'd say China will over take us before his second term ends.
     
  3. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Yes it has started

    [​IMG]
     
  4. editec
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    editec Mr. Forgot-it-All

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    They've got an national economy with over a billion people.

    I'd say that sans some event that nobody can predict, China will inevitably have a larger economy than ours.

    Of course, there's many a slip twixt cup and lip.
     
  5. Mad Scientist
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    Mad Scientist Feels Good! Gold Supporting Member Supporting Member

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    If you read up on Goldman Sachs, you'll see that that is the plan. The ChiComms aren't beating us at our own game, wealth is being TRANSFERED to China through huge Banking Conglomerates like Goldman Sachs.

    You can't beat the US Militarily but you can sure as sh*t bankrupt them.
     
  6. Katzndogz
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    Katzndogz Diamond Member

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    In China nobody is protesting the right not to work. That's why they have those factories.
     
  7. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Thanks, in large part, to the conservative mindset. They actually want a big military and screwed up social strata. You do that by cutting social services, like education, and offshoring high tech jobs.

    Good job boys.

    :clap2:
     
  8. Mad Scientist
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    Mad Scientist Feels Good! Gold Supporting Member Supporting Member

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    Wall Street put Obama in office. What you don't understand is that the Mega Banks OWN both Parties. Now that Obama can't keep the people at bay, another teleprompter reader will be put in his place.

    Wake up Sallow, you aint stupid.
     
  9. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    They didn't "put" Obama into office, they hedged their bets. And, admittely, it was money well spent..as most of them basically got their bonuses and kept out of jail. But the other side of that coin would have done very much the same thing without Dodd/Frank.

    And at least, Obama is talking about the currency shennigans played by the Chinese. That's pretty major. But it's a tough slog because of many of the practices carried out by the US government, like farm subsidies.

    At some point there has to be a recognition that proper regulatory and tax practices are the way to grow and sustain a volatile economy. We now have a government so rooted in hardened ideological trenches that it's impossible to construct robust policy in dealing with an ever changing geo-political and economic environment.
     
  10. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Ah..so you've been to China? I loved Shanghai..what a great city. And perhaps you missed the protests.. :lol:
     

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