IMF bombshell: Age of America nears end Brett Arends ROI – MarketWatch   Leave a comment

“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.

via IMF bombshell: Age of America nears end Brett Arends ROI – MarketWatch.

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.”

So beside bragging rights does this have any other major implications ?

Indeed it does.

The main implication is that the tradition “rock” of the US dollar as the reserve currency. China coming up on top pushes ahead their desire to have a basketful of currencies as the reserve standard , of which , of course, their currency the rembii will be a part.

That has further impact on the USA economy and the world’s capital flows.

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Posted May 25, 2011 by arnoneumann in Economic

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