End of America?

John Ransom

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End of America?

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Liberals wants you to know that America's best days are almost behind her.

They even pegged a date. And included pictures.

The date is 2016, says the mainstream media.

That's the date when they say that the IMF warns China's economy will surpass America's in real terms.

The IMF disputes the claim.

(Source: MarketWatch)

Let's just say that I'm suspicious.

There are a number of problems with this projection as the "End of America."

Firstly, in actual dollars the U.S. will still have a substantial advantage in GDP in 2016 according to the IMF.

John Ransom

John Ransom

John Ransom is the Finance Editor for Townhall Finance. You can follow him on twitter @bamransom and on Facebook: bamransom.

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Jim3645 Wrote: May 02, 2011 9:01 AM

Since January 2001, neither America's real GDP, nor its stock market, has registered any real gains. Oh...and neither has its workforce; there are no more people working today than there were 10 years ago; and they take home no more disposable income. The feds are powerless. Their "stimulus" tricks don't work. The real economy did not grow. It just added debt; US federal government debt more than tripled over the 10 years.

And today, 11 years after the beginning of the downturn...and 4 years after the beginning of the insolvency crisis, the fed is still pumping 36 billion per week in fiscal (deficits) stimulus and 25 billion per week in QE money-printing, and don't forget about the FED zero interest rate lending. What did we...

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AD15 Wrote: May 01, 2011 5:30 PM

You think too much. I know that what is going on in China and Russian may have some affect on us, but that is not something I have ANY control over. There is only ONE overriding factor that is of any concern to Americans. That would be deficit spending and how long the Democrats will continue doing it (with the help of Republicans) before we become a house of cards and collapse.

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duggy2 Wrote: May 01, 2011 10:15 AM

I M F is a corrupt agency in the control of international bankers ; the fed is likewise ; the fed prints dollars and loans them to govt ; you and i pay income taxes to cover the loan ! ! ! suprise !! ! !

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Richard338 Wrote: May 01, 2011 4:13 AM

The stage has been and continues to be set nationally intentionally or unintentionally to divide and keep freedom loving people from standing as one. They will never stop treating all of us like fools and we keep acting like fools. It is easy to unit socialist fools and separate independent thinkers and earners. Thus we lose again. There is only one way out. Vote all of them out!

I am just blindly tossing seeds. If you are convinced that it cannot be done then I am not the only one here pouring perfume on pigs in here. I may be the only one not singing to a choir.

Protect your right for self-persuasion. Only those with a strong will to maintain numbers and a defensive army will prosper. The two party system is of one breed, greed....

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AD15 Wrote: May 01, 2011 5:31 PM

I have read these exact words before somewhere else.

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wes174 Wrote: Apr 30, 2011 10:06 PM

see my response to big jack II
it is worth a read if you care about our counntry

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Blair31 Wrote: Apr 30, 2011 12:41 PM

We're coming up on the 22nd anniversary of the Tienanmen Square Massacre. Hu Yaobang, the
Chairman of the Communist Party of China after Mao Zedong's death in 1976, was a reformer and he
was replaced by Deng Zhaoping. It was Deng who ordered the massacre and then covered it up.

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Charlotte238 Wrote: Apr 30, 2011 11:41 AM

What a crock.... LIBERALS want you to know...

Conservatives are just as jaundiced... but for other reasons.

I'm so tired of cheesehead politics..... this isn't a team sport.

And statements like that make the author look like a tool..... a silly tool

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big jack II Wrote: Apr 29, 2011 11:44 PM

Back in the early 60's I read a book entitled " None dare call it treason". The first question asked, " Do you think that America can be taken over by the communists?" The response was, " no the American people would never allow it". The next question was,
" What is socialism? " There is a fine line between the two and we are on the brink of becoming a socialist country completely. The liberals, progressives, socialists, or communists have been hard at work for about 60 years to destroy America as it once was.
Pro constitution conservatives must take a stand immediately or we will likely see a european style socialism soon. And look at what is happening there. What I can't get a handle on though, is the fact that most if not all...

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Charlotte238 Wrote: Apr 30, 2011 11:43 AM

the only form of socialism that has taken over is CAPITALISTIC CRONYISM..... socialism for the rich..

Socialism for the poor is dead.... the coffers are empty for the poor.... and over flowing for the well connected.

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wes174 Wrote: Apr 30, 2011 10:03 PM

The Universities are owned by big business as is most of the media....just like the Republican Party
The unions own the Democrats and some big business like BP are hedging their bets
The elite you refer to are not....the real elite are the wealthy who own you....and all the rest of us
I am also a pro Constitution Conservative....however I am not at all sure that that means the same to both of us
I am totally committed to a balanced budget , individual freedom that does not impinge on a neighbor, and individuals and companies paying a share of the cost of this country based upon what they take from it.
I do not know if you have noticed, but the wealthy have kept us wrapped in all kinds of arguments while stealing all of our...

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big jack II Wrote: Apr 30, 2011 11:46 PM

Your caught up in wealth envy. The are rich people in this country that pay their fair share and love their country, as well as people
like George Soros who hate America and will fund any organization that will try to bring her down. I do believe there are
hugh corporations that like to get in bed with the government ,
like GE, and limit the upstarts by regulations and taxes but this has been going on for years. Heck Andrew Carnegie realized
that he could do this back in the early 1900's. No, your trying to pit the rich against the poor and are just a tool for those that want to destroy America. Don't be so simplistic.
What do you mean by " fair share" ? There are close to 50%
of the people in this country that don't pay any taxes....

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duggy2 Wrote: May 01, 2011 10:20 AM

balanced budget is a myth as long as the banksters control us via the fed ; the fed is a private contractor printing dollars it loans to you ; DEBT is the biggy ; BORROWING creates debt ; gov't borrowing of currency is the crime of all time ; we're in the RED because of the FED ! ! ! all the talk of tax cuts ; budget cuts ; spending cuts misses the big one : BORROWING ; stop gov't borrowing;currency ;

let gov't resume printing currency as gov't did prior to the fed being bribed into existence in 1913 and we have a chance at saving the sovereign nation state , the usa ...and probably the rest of the worlds nation states and collective states [ e u etc ]

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AD15 Wrote: May 01, 2011 5:33 PM

Flat tax. No deductions. No excemptions. No exceptions.

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AD15 Wrote: May 01, 2011 5:33 PM

Flat tax. No deductions. No excemptions. No exceptions.

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AD15 Wrote: May 01, 2011 5:34 PM

And make it a Constitutional Amendment that the Congress or President or SCOTUS cannot change.

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bibleman KJV Wrote: Apr 29, 2011 10:03 PM

Kick God out and see what happens.

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chipsmydog Wrote: Apr 29, 2011 9:04 PM

It is God Almighty which raises nations up and puts others down. God loves to see His people prosper and be in good health. 3 Jn 2
The Almighty God also defends His people from their enemies. Psalm 127. 1
If America is declining, the problem is with it's citizens and their hatred for God and His Son, Jesus Christ.

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bibleman KJV Wrote: Apr 29, 2011 10:08 PM

yeah, Israel wanted a king instead of God to reign over them, see what happened there.

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deRanger Disgusted with BOTH parties Wrote: Apr 30, 2011 3:31 AM

Yes, Saul. A blathering incompetent dimbulb. A lot like Obama.

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Sam1474 Wrote: Apr 29, 2011 5:53 PM

Checkout the book "Rediscovering the Constitution in the 21st Century".

The website is:
www.constitutionliberty.com

The book is at Amazon (see below):
http://www.amazon.com/Rediscovering-Constitution-Century-Samuel-Patrick/dp/1456322214/ref=sr_1_1?ie=UTF8&qid=1303159004&sr=8-1-spell

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Birdman III Wrote: Apr 29, 2011 5:10 PM

We have trillions in the ground. It's called oil, coal, iron ore, and, yes, even gold. But we can't dig it or pump it. You like your 4.50 UD_D per gal gas? Thank a Democrat. Remember this in '12.

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Rich Grise Wrote: Apr 29, 2011 6:19 PM

Admittedly, I'm somewhat bemused by people who whine about gasoline at 4.50/gallon, then go into the Kwik-e-mart and pay a buck and a quarter for a pint of water[1], that can be had from the tap for about four cents a gallon.

[1] For the math-impaired, that's TEN BUCKS A GALLON!

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Kirk72 Wrote: Apr 29, 2011 8:57 PM

Yes, but we dont buy 10 or more gal at a time, now do we. Also, a lot of that price is the cost to Transport it.

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chipsmydog Wrote: Apr 29, 2011 8:59 PM

The bottled water is optional, the gas in the vehicle is not as much.

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bibleman KJV Wrote: Apr 29, 2011 10:06 PM

you ain't amused, you just want to justify your daddie's actions as pres.

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Blair31 Wrote: Apr 29, 2011 3:53 PM

The United States has to get its debt, and deficit, under control. If we do, we'll be better off. We'll have
to either a.), raise taxes, b.), cut spending, c.), both, d.), nothing at all. Which will it be?

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coopmeister Wrote: Apr 29, 2011 8:00 PM

c

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duggy2 Wrote: May 01, 2011 10:23 AM

abolish the fed and we no longer have additions to the national debt !! ! we could even get the debt to go down ! use tax money for something besides servicing the debt ! ! !

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Wendy60 Wrote: Apr 29, 2011 3:26 PM

I am not on board with trading restrictions with China. That would hurt us. The pro-freedom forces in China can be supported in many other ways without harming U.S. interests.

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George4059 Wrote: Apr 29, 2011 2:50 PM

They said 'Pearl harbor' would end America.
They said the 'War of 1812' would end America.
They said "the Great Depression' of the 1930's would end America.
The Liberals hope that any current event will 'end America'.
The America of my youth ( early to mid 1960's) has been surrendered to the whining-fascist-thugs who call themselves progressive-liberlals.
In my opinion, it will take a Tea Party-Revolution to save America from the infantile-liberal-coward-idiots! Take our country back to common sense, founding heritage and personal responsibility & freedom. Forget the myth of welfare & a big gov't control system.
America will be exceptional again inspite of the morons in Washington and college campuses.

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Sugarbare Wrote: Apr 29, 2011 5:55 PM

The End of America thing Ransom is talking about is, the end as we now know it. America will still be here but we will not be the financial powerhouse we once knew. If we lose the Reserve Currency status, we will expect a 25-40 percent reduction in our standard of living. If your kids are used to having a gallon of milk a week, they'll have to get by with 3 quarts. If your dinner consists of a piece of meat, you'll have to get by with three fourths of a portion. If you currently pay your heating bill as they come due, you'll have to ask for extensions. If you use a tank of gas a week, you'll need to get a smaller car with less features. On and on.

Before the dollar became the world's reserve currency, it was the British Pound...

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Sugarbare Wrote: Apr 29, 2011 2:24 PM

China wants the Yuan to be the world's reserve currency. They have 3 billion more people than the USA has. China is buying up mountains of resources using US Treasuries. They intend to invest 2 trillion of the 3 trillion they hold in US Treasuries. China is investing mountains of cash into improvements to their gold mines. The Chinese will hit us at our weakest point to achieve their goals. All the while, we squabble over our paper/cotton currency.

Many countries around the world are buying up and hoarding commodities for the future. The USA is selling ours and suppressing others, such as oil.

We have Yobozo. I'm not a Royals fan but they are the Monarchy of a dear and precious ally. When we call or are called upon by the...

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ca7 Wrote: Apr 29, 2011 12:53 PM

Is it the "End of America"? Only if you equate having the biggest economy in the world with being the best. I don't think liberals pointing out the reality that China's economy will surpass ours is the same thing as saying "America's best days are being us".

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B=f(x) Wrote: Apr 29, 2011 12:45 PM

LOOK NOT TO THE IMF

Forget the IMF, a questionable institution at best. The foundation of economics is culture. Culture is the social context in which we all operate ... artistically, interpersonally, politically, religiously, and scientifically as well as economically. Today, we are witnessing a symbol of current American culture, making predictions by the IMF comparatively irrelevant. It is a ominous omen for the American future.

The symbol? An entire nation celebrating the dying of its own success. Perhaps, no other event this year will capture the decline in the status and well-being of the United States of America than Mr. Obama’s presiding over the penultimate launch of an American manned vehicle into space. We should be weeping...

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Jim3645 Wrote: Apr 29, 2011 12:30 PM

There isn't a problem with capitalism it's governments meddling with capitalism that needs to change. Government takes from the making and selling, and takes from the buying and using ergo taxed every-which way to Sunday.

Government is like plaque in the arteries of our capitalist society. They infiltrated very slowly without much notice, but now that we are having stroke after stroke, and soon to have a full blown heart attack we know exactly what ails us!

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Drik Wrote: Apr 29, 2011 12:06 PM

Our end of America critical graph crossing passed a few years ago. 50 years ago we had almost 50 million people employed in manufacturing and about 8.5 million in government. The crossing point was well before getting to our current inversion of 11 million in manufacturing and 23 million in government.

Course, it takes a lot more government workers to shuttle all of those unemployment checks to the extra 40+ million folks

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None1257 Wrote: Apr 29, 2011 12:01 PM

isn't the question, not that China may someday overtake us, but is the trend a good one or a bad one?

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Senior1 Wrote: Apr 29, 2011 11:59 AM

No blame necessary - - all Congress has participated - -
First cut necessary = stop the giveaway to all nations (for any reason) - -
Keep our money working in this nation exclusively - - it's time to recognize that respect and loyalty cannot be bought - - just stop funding other nations (& the UN, NATO, & all world organizations) - - let somebody else carry that load ! ! ! !

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Drik Wrote: Apr 29, 2011 11:58 AM

We have our own Keynesian Disneyland with vast tracts standing empty. After years of shuffling money into bloated union adminstration there and even after the most recent union giveaway of 11 billion of GM stock, sold at a loss so that it wouldn't be an albatross in the 2012 election, it still is an embarassing infrastructure where they are talking of buldozing hundreds of blocks of buildings rather than wait for them to fall down.

It is called Detroit.

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Moonbat Exterminator Wrote: Apr 29, 2011 11:57 AM

China's economy is catching up with ours? No kidding, Dick Tracy! They have five times our population and a large segment of them live at Stone Age levels. If you bring the average standard of living for the Chinese to a 19th century level, their GDP will dwarf ours. What we need to do is to concentrate on American excellence.

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macthemadman Wrote: Apr 29, 2011 11:22 AM

"End of America."

If Obama and his "friends" have anything to do with it, yes.

Everything they do hurts America and absolutely none of it is by accident. All of this was planned and it isn't even close to being over.

You can thank the media for all of it because none of it would have been possible except for them. They did this to you and yours and they knew they were doing it to you, although with crocodile tears, they will claim otherwise. When you really begin to suffer, think of them. Think of them laughing at you and enjoying themselves at your expense because they made you pay for all of it, and are going to see to it that you keep right on paying.

They're going to keep right on laughing.

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