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China... our new world ruler?

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posted on Feb, 2 2009 @ 09:47 AM
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The video provided with this article is very good. Keating's contention that "We’re all going to be in this until there’s a restructuring of world power." concerning China and the deficit countries. According to Keating, "It’s a catastrophe. It’s way worse than it appears."

Paul Keating


"The top 200 financial institutions in the world have suffered an average loss of value of 74 percent. What we need is a completely new global political and economic settlement. Get rid of the old G7, get rid of the old IMF, we’ve got to bring the surplus countries into the political framework. There’s just no way the Chinese Communist Party is going to hand over control of their currency and their political fortunes to a Washington based U.S. Treasury run institution. So this is going to be a complete resettlement. We’re not going to get out of this. The United States budget cannot reflect the world. We’ve always been in a situation where the United States budget could reflect the world. This is not going to happen now. See, the budget this year was gonna be $850 billion, now President Obama’s talking about another trillion, so $1.8 trillion. They’re GDP is $13 trillion so their running a budget deficit this year of 15% of GDP and they’ll do this for three or four years 16% of American GDP. Who’s going to buy the bonds? Every serious American policy maker knows that they’re not going to be returning value, in the end they’re going to inflate their way out… the debt will be so overwhelming that it cannot be repaid.”




posted on Feb, 2 2009 @ 09:55 AM
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This is VERY disturbing to me because it makes perfect sense. Another thought - I don't think we're headed for a North American currency but a World currency where a world bank run by a world group will control it.



posted on Feb, 2 2009 @ 10:04 AM
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hahaha nice one.
god bless america



posted on Feb, 2 2009 @ 10:21 AM
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When the East will force the West to give them some power, then we will see how things work out. Usually people that have power don't like to lose it to others.

Conflict is likely. USA and the West in general is going to face some big changes.



posted on Feb, 2 2009 @ 10:33 AM
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Originally posted by Pericle
When the East will force the West to give them some power, then we will see how things work out. Usually people that have power don't like to lose it to others.

Conflict is likely. USA and the West in general is going to face some big changes.


They won't have to force us... we've put ourselves in this position. All they have to do is say "if you want us to to help you, you have to agree to x, y, and z".



posted on Feb, 2 2009 @ 05:04 PM
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Sooner or later it will happen, the US will no longer be #!. All good things come to an end. Things change and it's changing before our very eyes. Sorry for the negative post but it's true



posted on Feb, 3 2009 @ 06:37 AM
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This is proof that China need not start a military war in order to conquer the free world. They just need to sit back and wait a little while, until we come begging for their savings that they've amassed in the last 10 years.



posted on Feb, 3 2009 @ 07:01 PM
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I don't see China as a leader, particularly. Or America, Europe, or anyone elese. The OP's question is framed in the wrong way.


I sort of see it like this:

Future of China: In massively fortified luxury bunkers, the elite consume internationally famous luxury brands like Gucci or Louis Vuiton. They send their kids to famous international schools with the children of elites of other nations, and they do business with such elites in other countries. They dervive their wealth from holdings in global companies with production bases all over the planet. Meanwhile, outside, masses of wetched, poverty-stricken, illiterate near-corpses huddles in shacks amidst a ruined, toxic landscape.

Future of the USA: In massively fortified luxury bunkers, the elite consume internationally famous luxury brands like Gucci or Louis Vuiton. They send their kids to famous international schools with the children of elites of other nations, and they do business with such elites in other countries. They dervive their wealth from holdings in global companies with production bases all over the planet. Meanwhile, outside, masses of wetched, poverty-stricken, illiterate near-corpses huddles in shacks amidst a ruined, toxic landscape.

Future of Europe: In massively fortified luxury bunkers, the elite consume internationally famous luxury brands like Gucci or Louis Vuiton. They send their kids to famous international schools with the children of elites of other nations, and they do business with such elites in other countries. They dervive their wealth from holdings in global companies with production bases all over the planet. Meanwhile, outside, masses of wetched, poverty-stricken, illiterate near-corpses huddles in shacks amidst a ruined, toxic landscape.

Future of India: In massively fortified luxury bunkers, the elite consume internationally famous luxury brands like Gucci or Louis Vuiton. They send their kids to famous international schools with the children of elites of other nations, and they do business with such elites in other countries. They dervive their wealth from holdings in global companies with production bases all over the planet. Meanwhile, outside, masses of wetched, poverty-stricken, illiterate near-corpses huddles in shacks amidst a ruined, toxic landscape.

Future of Russia: In massively fortified luxury bunkers, the elite consume internationally famous luxury brands like Gucci or Louis Vuiton. They send their kids to famous international schools with the children of elites of other nations, and they do business with such elites in other countries. They dervive their wealth from holdings in global companies with production bases all over the planet. Meanwhile, outside, masses of wetched, poverty-stricken, illiterate near-corpses huddles in shacks amidst a ruined, toxic landscape.

Future of the Middle East: In massively fortified luxury bunkers, the elite consume internationally famous luxury brands like Gucci or Louis Vuiton. They send their kids to famous international schools with the children of elites of other nations, and they do business with such elites in other countries. They dervive their wealth from holdings in global companies with production bases all over the planet. Meanwhile, outside, masses of wetched, poverty-stricken, illiterate near-corpses huddles in shacks amidst a ruined, toxic landscape.

Future of everywhere else: In massively fortified luxury bunkers, the elite consume internationally famous luxury brands like Gucci or Louis Vuiton. They send their kids to famous international schools with the children of elites of other nations, and they do business with such elites in other countries. They dervive their wealth from holdings in global companies with production bases all over the planet. Meanwhile, outside, masses of wetched, poverty-stricken, illiterate near-corpses huddles in shacks amidst a ruined, toxic landscape.






[edit on 3-2-2009 by silent thunder]



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