IMF bombshell: Age of America Nears End

April 26, 2011 by admin  
Filed under Business & Politics "Behind the Scenes"

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This is another growing sign that Americans are headed for entry into the “Third World Membership”.

First, the Chinese started buying up gold in massive amounts. Next, China and Russia say they are going to pull away from the US Dollar as a standard. All the while, we have Treasury auctions and more and more nations back away from the table, buying less and less of our “paper” meaning we must further inflate our currency by printing more “paper”.

In the meantime, O’bama and others are back at home figuring out more ways to inflate the economy even more by overspending.

Last week, there was talk that our Bonds would be downgraded meaning even more investors walking away from our “funny money”. Now the IMF is supporting a move! You can read all about it below. But it is truly cause for concern by every American. We ARE headed for Third World Status and the inflation we have seen is just a drop in the bucket to what we will be seeing. If you don’t grab your local politician by the arm and wake him up, we are dead, if there still is a chance to trun this all around. Editor
“For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.

And it’s a lot closer than you may think.

According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now.

Put that in your calendar.

It provides a painful context for the budget wrangling taking place in Washington right now. It raises enormous questions about what the international security system is going to look like in just a handful of years. And it casts a deepening cloud over both the U.S. dollar and the giant Treasury market, which have been propped up for decades by their privileged status as the liabilities of the world’s hegemonic power.”

Post Continues on www.marketwatch.com