"Can't see Armageddon quite that close myself " -- Patrick Moore (Greenpeace)

If China maintains it 10%+ compunded GNP annual growth rate China will surpass the US economy in under 40 yrs. China will surpass the US as the largest economy and will become the world economic powerhouse in the 21st centry. Economic pressures will be compounded with flattening wages being forced down our throats by the invasion of Asian businesses entering the prime service and technology sector markets. They have already taken the retail beachhead; we are fools to think they won’t conquer our precious service sectors. They will… To give you an example of the economic army being amassed to be thrown into the fry, just one province in China alone has over 200,000 college students studying business, science, and mathematics with mandatory English education courses. Their professors come from all over the world, even form some of our leading western universities and colleges (listen to this NY Times best seller). This year alone China tripled its trade surplus to over a $100 billon trade surplus. In comparison the US had their largest trade deficit in history even more alarming it currently has the largest deficit in its history and for the first time since the 1930s we have a negative savings index—thank you credit cards! My question is “what plans do we have in place to turn this around?” The answer: absolutely nothing. We haven’t a clue. Needless to say I now live in Japan… Knowing how they take care of there population, the fact they are a controlled island and have the highest technology infrastructure and their proximity to China. Plus the only company to actually to have incurred a trade surplus with China. I betting that I am in the best place to insure the survival and future of my children. (References: 1,2,3,4)