Quote:
Originally Posted by Nuggie
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Between last year and the previous year the China yuan changed from 2% to 9% of global monetary exchanges. This is not an insignificant amount. The more we play games with the value of our currency the less appealing it is to other countries. Also, despite the shadow numbers the Chinese government puts forth about their economics, their economy will overtake ours. If we continue down current spending levels their currency will be worth more than ours.
Rome fell before, it will fall again.
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http://data.worldbank.org/country/china
http://data.worldbank.org/country/united-states#cp_fin
some interesting data there to compare. rome didn't have the technology nor the means, but the u.s. is going to enter into post-empire slowly. slower than the u.k. did, and milk it for everything.