Zink: Ascent inevitable
U.S. must acknowledge truth
For a moment last week, there was promising news for the American economy. Major news outlets briefly carried the story that the US economy had grown at a 3.3 percent annual rate for the second quarter, more than doubling the Commerce Department’s initial predictions. Given all of the recent financial gloom, I hope that this news has allowed Americans to begin dreaming of a brighter future for our country. Unfortunately, all of my dreams since the opening ceremonies of the Beijing Olympics have consisted of being chased by thousands of Chinese men in color-changing LED light-up...
I thoroughly enjoyed this article.
China's ascent presents a long-term economic, and perhaps military, threat to U.S. status in the world. Of perhaps more immediate concern is the environmental impact of the Chinese middle-class, a growing group of consumers which today is equal in
size to the entire U.S population.
The U.S. needs to lead the world in pursuit of alternative energy and other
initiatives that conserve the environment. The nation with the skill and technology to achieve energy independence and maintain clean water supplies will be the superpower of the future.
In the meantime, anyone interested in investing in physical gold can accumulate coins or look into Goldmoney.
One country developing their economy is NOT a threat to any other country.
What century of economic thought are you basing your views on? Mercantilism is dead.
A rising tide lifts all boats.
I like buying low-cost, yet high quality goods from China, especially when I buy them at Walmart. It increases my purchasing power, and raises my standard of living.
By buying goods from China, we free up labor and intellectual capital in the US to develop more white-collar industries.
What's it like to miss the joke #3?
"despite the continuing decline of the dollar"
Have you opened a newspaper lately?