The US dollar-based post WWII phantasmagorical world of never having to pay your debts is coming to a close, states financial journalist Max Keiser to RT.
‘Save America! US on slippery slope to economic collapse’
Posted by admin on December 26th, 2010
Posted in Depression Videos 
@Jacobrester so too america. america became a superpower coz it had a population far greater than britain
china depends on the world to buy its products namely the west if china decides to flex its musculs to much the west will react china has to many people in its population to lose the jobs all at once that would destroy them from within china will not play hardball to much with the world at can not afford to simple
@neuterdulan9 I for one dont share your fear of China......I actually hope things can continue to improve there so their people can live healthy happy lives
@Jacobrester READ MY COMMENT, DUDE. CHINA IS WINNING BY LIFTING MILLIONS OUT OF POVERTY, US IS GOING OPPOSITE DIRECTION. CHINA HAD BEEN EXPANDING 10% GDP IN AVERAGE, US IS 2% THIS YEAR. MANY ILLITERATE PEOPLE LIKE YOURSELF MADE US A GARBAGE DUMP, YOU ARE BURIED, YOU ARE DEAD. GOODBYE USA, HELLO CHINA.
@neuterdulan9 How is China winning dude ?.....by their own government statistics they have a Billion poor people.....this is incredible instability and pressure on the government.....it is estimated that China's GDP must expand by 7% every year just to avoid social unrest.....good luck with that
@Jacobrester
He'll be dead, buried and forgotten and US will still be here.
@cabraden1 CHINA HAS 500,000 ENGINEERING GRADUATES EVERY YEAR, VERSUS US HAS ONLY 150,000. LOOKS LIKE US HAVE TO DO A LOT OF "INSOURCING" TO CATCH UP WITH CHINA, 41 YEARS AGO, CHINA WAS MINDING HER OWN BUZ, AND THEN JOIN THE WORLD AND PLAY THIS CAPITALISM GAME AND IS WINNING. GET USE TO THE IDEA, WHATEVER
US DO, CHINA CAN DO BETTER.
@neuterdulan9
Your comment "whatever US do, Chinese can do better" is the BIGGEST crock of shit I've ever heard anybody say. The US put a man on the moon 41 years ago.
Even today, China cannot do this. So your statement is BULLSHIT.
@Ironoff
GO FUCK YOURSELF.
@beachbummm69
How misinformed you are. Although China is the largest manufacturing country in the world, US is world's largest manufacturer when foreign manufacturing is included. Additionally, the US owns 25% of all Chinese manufacturing.
@beachbummm69
I highly doubt that. Though the USA is deeply in debt, it is a very wealthy country. It has oil reserves greater than that of Iran and is the biggest Ag producer in the world, it has assets that can't be sent overseas. It is possible that the US will become a second world country for a period of time, but if worse comes to worse it will fall into a position similar to that of the UK.
@Jacobrester China is doing fine, you should worry about yourself instead.
@neuterdulan9 China has a BILLION poor people and could collapse tomorrow
@Jacobrester China is mother of all civilizations, everytime you wipe your ass, thanks to China for invented paper, so you didn't have to use your fingers. Unemployment in China is around 4%, US is 9.6%, China's GDP is growing 9% last year, while US was 2. US poverty is at 14% and growing, US is on the slippery slope, very accurate. canucks are making inappropriate comments. canada was a shit hole until Chinese immigants pumping money into the canadian economy.
@1cabraden 30 years ago, Chinese didn't need money, they ate what they grew, they ate what they killed, money meant nothing to mst ordinary citizens. China is beating US by its own game, when China became capitalism since 30 years ago. whatever US do, Chinese can do better.
@neuterdulan9
China's economy was a basket case until 30 years ago when they started to open up their economy. And that economy is based on exports. Remember this: a full one half of ALL of Chinese industry is FOREIGN OWNED, and half of that is US OWNED. So the US is much stronger than you think and China much
weaker. Go figure.
@neuterdulan9
4 times bigger in 20 years? Give me a break.
the USA is the next thrid world country, colapsed tax base and we make nothing
@Jacobrester the weakness of the USA is the GDP is only small percentage of the deficit, USA is spending much more then it can afford. China do not have debt and China's growing GDP is 4, 5 times of the USA right now. Growing middle class in China is not debatable, it is a cold hard fact.
@neuterdulan9 China should be the biggest economy in the world.....they have 1.3 Billion people........it is not a sign of weakness of the USA.....it is a sign that the middle class of China is growing.......but even thtat is debateable
@Jacobrester USA number 1 won't be very much longer, many predict Chinese economy will be 4 times as US is now in less then 20 years. If US economy keep on slipping as it is now, it will be sooner.
@neuterdulan9 USA os still the #! economy in the world amongst nations .....by far.....what do we have to catch China for ?........we are not behind China in anything
yeah USA is gonna collapse wat the freaking deal I am going to have a beer LOL
@Jacobrester US is living off of Bank of China, americans still have hamburgers on your tables is because of Bank of China. american had some money because they to invaded other countries and robbed the oil. america is like Halley Comet, it flashed and disappeared, nothing more, compare to 5,000 years of Chinese history, US has a long way to catch up.
@kja5 sorry to say your right.